Tag: Bitcoin

Bitcoin
May 24, 2021 BY Steffy Bogdanova

Beijing bitcoin mining crackdown sees miners halt business in China

A large portion of the new-found regulatory issues are because Crypto miners are using increasingly strong and bespoke tech equipment – often referred to as rigs -  to certify virtual coin trades within a process which creates freshly minted cryptocurrencies, including the likes of bitcoin. Speaking of China’s latest crackdown, Chen Jiahe, Chief Investment Officer…

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saxo bank revenues
May 20, 2021 BY Steffy Bogdanova

Saxo to launch crypto trading against major currencies

Kostyukhin added: We set out to deliver a product which offers the security and ease of use associated with more mature asset classes, coupled with the volatility and dynamics of Bitcoin, Ethereum, and Litecoin – giving clients the opportunity to trade both long and short in the thriving crypto market. The latest service from Saxo…

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daily market analysis
May 20, 2021 BY Steffy Bogdanova

Daily market commentary: Gold vs Bitcoin

GOLD VS BITCOIN To put things into context, gold lost 45% of its value over the space of over 4 years between late 2011 and the end of 2015. Yesterday it moved in a range of around 2%. By contrast, bitcoin has fallen as much as 55% from the peak reached on the 14th of April,…

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CME Group
May 12, 2021 BY Steffy Bogdanova

CME Group reports Micro Bitcoin futures volume surpassed 100,000 contracts

The Micro Bitcoin futures provide an cost-effective way for traders to manage their bitcoin exposure and enhance their trading strategies, while at the same time retaining the advantages of CME Group's existing Bitcoin futures contract. Tim McCourt added: Together with our existing, full-sized Bitcoin futures, this new, smaller contract further strengthens our ability to help…

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Forex Weekly Look Back
May 07, 2021 BY Steffy Bogdanova

Forex Weekly Look Back: CEO Alex Pusco talks ActivTrades social trading platform development, SEC Chairman plans to tackle ‘gamification’

Canada-based payments processor, Nuvei, are rumoured to be in the process of acquiring Simplex.  This Israeli start-up company works to provide crypto companies with a fiat infrastructure. Though the acquisition is yet to be officially confirmed, there have been reports that the companies are in definitive talks surrounding a deal worth around $250 million, paid…

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CME Group
May 04, 2021 BY Steffy Bogdanova

Cash-settled micro-Bitcoin futures launched for CME Group

Coinciding with Bitcoin first reaching $20,000 – a monumental milestone for the cryptocurrency – CME Group first launched  Bitcoin derivatives back in December of 2017. To reflect US demand for crypto derivatives, the company then further expanded its selection of offerings by launching Ethereum futures and  Bitcoin options. It has since become the world’s third-largest…

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Forex Weekly Look Back
April 02, 2021 BY Steffy Bogdanova

Forex Weekly Look Back: FXCM adds social and copy trading via ZuluTrade, ASIC bans binary options and restricts CFDs trading

The Financial Conduct Authority (FCA) released a new policy statement on its website announcing that all UK crypto firms must now submit financial crime reports on a yearly basis, regardless of annual revenue. Within the new financial crimes reporting sphere are cryptoasset business, following plans released eight months ago alluding to the policy change. The…

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Bitcoin
March 23, 2021 BY Steffy Bogdanova

Energy-efficient altcoins emerge amid Bitcoin backlash

Environmental Backlash As the network expands, the time for analysing it also grow and with it, its energy consumption. According to the Cambridge Centre for Alternative Finance, Bitcoin currently consumes approximately 121.36 terawatt-hours (TWh) a year. This number is higher than the energy consumption of Argentina (121 TWh), the Netherlands (108.8 TWh), and the United…

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