BTC's mining rate saw a substantial drop of over 50% back in July 2021 following China’s ban on the mining of digital assets in the region. The mining rate was almost 80 EH/s during the first week of July. Since then, the crypto miners have relocated to North America and Europe which lead to a…
Read more
The CFTC found that the fraudulent actions of the defendants began in September 2020. They fraudulently solicited $7.2 million from 322 clients, promising to use the funds to trade forex and cryptocurrency in individual managed accounts. According to the regulator, Tinoco and his company, Kikit & Mess Investments did not trade their clients’ money as…
Read more
Bogucki added: The smaller contract sizes will give investors and traders greater flexibility in managing their exposure to the two biggest cryptocurrencies in the world, opening the market up to new participants. Galaxy Digital is excited to act as a liquidity provider for these options and other CME Group cryptocurrency products. Derek Devens, Senior Portfolio…
Read more
TradeStation Crypto aggregates multiple liquidity pools into a consolidated market data feed. This is combined with an intelligent order-routing system which gives the company’s customers better visibility and trade execution, a different strategy than some other crypto exchanges. Additionally, TradeStation customers can own cryptocurrency in a TradeStation Individual Retirement Account (IRA). Traders in Puerto Rico…
Read more
Jason Wilk, Chief Executive Officer of Dave, said: This is an exciting milestone for our Company, our shareholders and all Dave members. We believe blockchain technology has the potential to level the financial playing field across the globe. By aligning with a world-class leader such as FTX US, we are in position to enter the…
Read more
Australia a is a significant growing market for FTX. The company highlighted that the launch of FTX Australia shows the its long-term commitment to the local market and represents the natural next step in the FTX's global expansion. Last week, FTX announced obtaining a license to establish and operate its Virtual Asset Exchange and Clearing…
Read moreESMA further explained the risks behind trading crypto-assets. Many of them are are subject to sudden and extreme price movements and are speculative as their price relies solely on consumer demand. These products are often aggressively advertised to the public with market information that often can be unclear, incomplete, inaccurate or even purposefully misleading. The…
Read more
Javier Hernani, Head Securities Services, SIX, said: This is a major milestone for SIX from several perspectives. We are making substantial progress according to our digital asset clearing strategy and are expanding our portfolio of cleared asset classes. At the same time, we have the opportunity to bring our Swiss and Spanish infrastructure strengths together…
Read more
FTX CEO, Sam Bankman-Fried, commented: FTX is proud to be the first licensee under Dubai's prudential supervision regime. It's an honor to be one of the first approved applicants in such a specialised category and we are excited to be able to introduce complex crypto-derivatives products with centralised counterparty clearing to institutional markets. FTX receiving…
Read more
Bitcoin, however, is unlikely to follow suit as it has no other reason to switch to PoS. The committee voted to add cryptocurrencies that use PoW to the EU sustainable finance taxonomy which decides whether something can be labelled environmentally friendly by the end of 2024. Last year, the Swedish FI called for ban of…
Read more