CEO and Co-Founder of ThinkMarkets, Nauman Anees commented: The cryptocurrency market is revolutionary and is naturally growing to become an established asset class. This is the best time to bring our offering in-line with the 24/7 nature of the market and empower our clients to trade cryptocurrencies on our innovative mobile app, ThinkTrader. Bitcoin’s recent…
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The crypto market cap has reached $ 1 Trillion, with the leading digital currencies, BTC and ETH, accomplishing all-time-highs. The global blockchain market size is expected to grow from USD 3.0 billion in 2020 to USD 39.7 billion by 2025, at 67.3% CAGR. Marie Tatibouet, CMO at Gate.io, commented: Understandably, there are a multitude of…
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The new amendments also allow MAS to impose measures on DPT service providers to ensure better consumer protection and to maintain financial stability and safeguard the efficacy of monetary policy. MAS stated: We have seen recent development of new forms of DPTs which values are pegged to stable assets to gain users’ confidence. It is…
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Richard Byworth, CEO of Diginex commented: Borrowing and Lending provides yield to this asset class and a necessary hedge for derivative and volatility traders as we continue to expedite the growth of crypto derivatives. We look forward to completing the integration of this institutional grade technology. Thе announcement for new borrowing and lending capabilities follows…
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Bitcoin broke records yesterday by soaring through its previous all-time high, up more than 15% in the past 24 hours. At the time of writing yesterday, bitcoin was trading around $22,838 – well above any previous high achieved by the cryptoasset. In its wake other peers such as ethereum are also soaring. ETH has hit a…
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Tim McCourt, CME Group Global Head of Equity Index and Alternative Investment Products, said: Based on increasing client demand and robust growth in our Bitcoin futures and options markets, we believe the addition of Ether futures will provide our clients with a valuable tool to trade and hedge this growing cryptocurrency. Ethereum is the second-largest…
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The Temporary Registration Regime is intended for existing cryptoasset businesses which have applied for registration before 16 December 2020, and whose applications are still being assessed. The regime is meant to enable those existing businesses to continue to trade after 9 January 2021 until 9 July 2021, pending the FCA’s determination of their application. The…
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The FCA said: Unregulated transferable cryptoassets are tokens that are not ‘specified investments’ or e-money, and can be traded, which includes well-known tokens such as Bitcoin, Ether or Ripple. Specified investments are types of investment which are specified in legislation. Firms that carry out particular types of regulated activity in relation to those investments must…
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Energy stocks lead the week after oil rallies back past $40 a barrel The top line figures for the major US stock indices do not tell the full story of last week. Given their dominance market cap wise, the tech giants can easily swing indices into the red even when other sectors are performing well.…
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What to watch US markets are closed on Monday for a public holiday. JD Sports Fashion: Tomorrow, London-listed JD Sports Fashion will release its latest quarterly earnings. The firm is ahead of the broader market year-to-date, although its share price is still down 14.6%. Back in April the company scrapped its final dividend and chairman…
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