During the conference, da Ponte was also probed on the subject of central bank digital currencies (CBDCs), following news that the PayPal vice president had met up with central bankers across the globe. Though da Ponte accepted the logic of central banks issuing their own tokens, he refused the common opinion that just one of…
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The cryptocurrency mining industry has become prominent in Iran partially due to the presence of highly subsidised electricity within an extremely power-reliant trade. With such subsidies in place, imports can then theoretically be paid for using bitcoin. However, the US has implemented sanctions that bar all banking transactions between themselves and Iran, and with blockchain…
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The HSBC is going on a different path than rivals such as Goldman Sachs whose digital investing branch, Saxo Markets, recently announced the launch of a new crypto trading service - Crypto FX. Bitcoin’s price has been on a rollercoaster during the last few days with a 50% fall, trading $36,387 on Monday, just 40…
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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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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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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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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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Pro crypto analysts describe Coinbase’s listing as a turning point, while others say that that it is only because crypto has now become more widespread. Some even caution that implied valuation for the company as a crypto exchange has become too high compared to traditional stock exchanges such as Nasdaq Inc. Lisa Ellis, an analyst…
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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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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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