CME Group has cemented its position as a leading global financial derivatives marketplace in recent years. It operates a range of trading markets, including mercantile exchanges in Chicago and New York. The new all-to-all spot FX marketplace will build on its existing infrastructure and expertise to deliver a feature-rich experience for customers. They will, for…
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According to Reuters, these upticks follow an economic sigh of relief after US interest rate cuts and widespread anticipation that US stock market-traded bitcoin funds will soon be approved. Bitcoin broke records on Monday, when it hit the $41,522 mark, the highest value the digital currency reflected since April 2022. Analysts indicated the world’s most…
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Customers in Brazil will now be able to access OKX’s leading crypto spot and derivatives exchange. Sacamone noted: We know that Brazilians expect fast and liquid trading, along with a secure self-custody wallet solution, all in one app. The local exchange is likely to be popular with traders in the region; research by Chainalysis found…
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The crypto giant, Bitcoin, witnessed a slight decline of 1.11%, accompanied by a notable 71.58% increase in market volume over the last 24 hours, reaching $14.85bn. However, the cryptocurrency had touched its yearly high by surpassing the crucial $38,000 mark in the previous week. Ethereum also saw a 1.42% decline to $2,045.62, with its trading…
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While the move is only temporary, it’s yet another blow for a company that is struggling to maintain a steady cash flow and repay its creditors. Zipmex looked to have secured its financial future earlier this year when V Ventures announced a $100m buyout, but the acquisition fell through weeks later. _______________________________________________________________________________________________________________________________ Don’t miss out…
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As such, it sets out the minimum requirements for technology and cyber risk management that DPT service providers have to comply with. To mitigate risks, Singapore’s financial watchdog recommends the DPT platforms discourage retail speculation in cryptocurrencies. The proposed consumer access measures determine that DPT service providers should be responsible for determining a customer’s understanding…
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Yet another cryptocurrency exchange has decided to exit the market, as Bittrex Global, originally hailing from Liechtenstein, has declared its intention to halt trading and operations involving US dollars from the start of December. ______________________________________________________________________ Don’t miss out the latest news, subscribe to LeapRate’s newsletter _______________________________________________________________________ The move follows a series of actions initiated by…
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Fuelling this prevailing crest of excited anticipation, the probable involvement of reputable investment giants such as BlackRock, Fidelity, and Invesco stirred speculations that the spot-Bitcoin ETF will achieve a $100bn market value in due course. Reportedly, Galaxy Digital Holdings Ltd. (GLXY.TO) conferred with about 300 investment professionals about Bitcoin allocations as the ETF approval and…
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This significant development, disclosed by MAS Managing Director Ravi Menon, marks a departure from previous simulations and aims to evaluate the practicality and efficiency of employing CBDCs for instantaneous settlements among commercial banks. ______________________________________________________________________ Don’t miss out the latest news, subscribe to LeapRate’s newsletter _______________________________________________________________________ Until now, MAS had only simulated the issuance of CBDCs…
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This move by the market-leading asset manager not only infused more confidence in crypto markets but also triggered discussions at the SEC level with the aim to diluting regulatory opposition to virtual currencies. As with the Bitcoin price in June when BlackRock applied for that spot ETF, the Ethereum (ETH-USD) price spiked to its highest…
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