From mitigating risks to gaining on price difference: A multifaceted world of financial derivatives and their application in crypto, reviewed. Are there any downsides of trading crypto derivatives? All trading strategies related to price fluctuations imply a certain level of risk, especially combined with the lack of relevant regulation for the crypto derivatives sector. When […]
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Arthur Hayes claimed that even if Libra has limited success, PayPal in particular has no chance of succeeding. Facebook’s Libra payment protocol could make central and commercial banks irrelevant, but PayPal has no future anyway, the CEO of derivatives giant BitMEX thinks. Arthur Hayes made the comments in a new interview with Taiwanese news network […]
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A political and financial shake-up can act as a catalyst for lawmakers to embrace bitcoin, says Nigel Green. The CEO of financial advisory giant deVere Group said positive cryptocurrency regulation should form a central part of the post-Brexit United Kingdom. Nigel Green made the comments in an interview with fintech news outlet Verdict on July […]
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Bitfinex reached $12,040 in Monday trading, despite analysts agreeing lower prices should appear. Bitcoin price (BTC) reached $12,000 on some exchanges on July 8 after a fresh uptick saw daily gains top another 6%. Market visualization courtesy of Coin360 Data showed BTC/USD just hit its latest significant psychological level in trading at press time, having […]
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Deutsche Bank winding down its investment banking arm paints a bleak picture of traditional finance at a time of booming growth for bitcoin and crypto. Deutsche Bank taking an axe to 18,000 jobs and winding down its investment banking arm paints a bleak picture of traditional finance at a time of booming growth for crypto. […]
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Ripple’s investments arm Xpring reports that it has invested around $500 million on XRP initiatives so far. Ripple incubator and investment arm Xpring has spent $500 million on XRP projects since its launch in May 2018, according to an official blog post on July 2. These funds have reportedly been distributed to over 20 companies, […]
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Professional crypto contrarian Nouriel Roubini wants the recording of his debate with the CEO of BitMEX released. American economist and professional crypto contrarian Nouriel Roubini has furiously demanded the release of a recording of his latest debate with BitMEX CEO and co-founder Arthur Hayes. In one of several fulminating tweets posted on July 2, Roubini […]
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The Financial Conduct Authority is planning a ban on crypto derivative products for retail investors. British financial watchdog, the Financial Conduct Authority (FCA), is preparing a potential ban on the sale of crypto derivatives to retail investors, according to an official document released on July 1. In the document, titled “Restricting contract for difference products […]
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Increased public awareness of Libra will inevitably flow into bitcoin, while banks will seriously suffer, say two new commentators. Facebook’s new cryptocurrency project really can boost bitcoin (BTC), new sources, among them a report from equity research platform Seeking Alpha, said this week. Capitalizing on existing theories about the social media giant’s Libra protocol, the […]
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ErisX has received a DCO license from the U.S. CFTC, supplementing its DCM license and allowing for the regulated trading of crypto futures. Chicago-based crypto exchange ErisX has procured a derivatives clearing organization (DCO) license from the United States Commodity Futures Trading Commission (CFTC). According to an official blog post on July 1, ErisX is […]
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