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Ether/Bitcoin Ratio Futures Set For Launch By CME Group To Capitalize On Market Dynamics
Monday, July 3, 2023 - 11:57am | 566Derivatives marketplace CME Group on Monday announced its intention to launch Ether (CRYPTO: ETH)/Bitcoin (CRYPTO: BTC) ratio futures on July 31, subject to regulatory approval. The new futures contract is designed to capitalize on the relative value trading opportunities that have...
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Authorities Confirm New Rules For Singaporean Crypto Firms To Follow, Reduce Risk
Monday, July 3, 2023 - 9:43am | 410The Monetary Authority of Singapore (MAS) has announced new requirements for Digital Payment Token (DPT) service providers to safe keep customer assets under a statutory trust by the end of the year. This move aims to mitigate the risk of loss or misuse of customers' assets and facilitate the...
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Bitcoin Gains Unexpected Allies As Financial Giants Turn From Skeptics To Supporters
Sunday, July 2, 2023 - 10:17am | 843Bitcoin (CRYPTO: BTC), the world's largest digital currency with a market cap of more than $592 billion, has seen a remarkable rise in popularity and value among financial institutions. According to crypto purchasing platform Swan Bitcoin, institutional investors have been feeling the FOMO, or...
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KuCoin Introduces Stricter KYC Protocols: Deadline For New User Requirements Looms
Wednesday, June 28, 2023 - 4:04pm | 423Crypto exchange KuCoin on Wednesday announced that it will be implementing an upgrade to its Know Your Customer (KYC) authentication protocols that seek to embrace global compliance standards, foster a more secure trading environment, and enhance the security measures for user accounts. As of...
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Bitcoin Miners Flood Exchanges With Over $1B In Bitcoin: What's Behind The Crypto Transfers?
Wednesday, June 28, 2023 - 2:15pm | 460Bitcoin (CRYPTO: BTC) miners have transferred over a billion dollars worth of Bitcoin to cryptocurrency exchanges in the past two weeks, apparently not for selling the tokens. The information on this massive transfer was revealed through a series of tweets from CryptoQuant, which shed light on the...
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Bybit Is 'Bringing The Ark' To EU Crypto Hotspot, Secures Custody Services License
Monday, June 26, 2023 - 10:18am | 453Bybit has secured a license to operate a crypto exchange and provide custody services in Cyprus. The license, granted by Cyprus's regulatory authorities, enables Bybit to provide trading between crypto pairs and fiat currency pairs, along with financial services related to crypto assets, and...
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Trading Bot Uses $200M Flash Loan To Conduct Deals, Ends Up With Paltry $3 Profit
Wednesday, June 14, 2023 - 1:12pm | 601An automated trading bot recently performed a complex series of transactions on the Ethereum (CRYPTO: ETH) blockchain. According to The Block, the transactions involved a flash loan of $200 million and yielded a minuscule net profit of $3.24. Flash loans are essentially loans without...
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Crypto Trading In Hong Kong Goes Mainstream — How Investors Will Be Protected
Tuesday, May 23, 2023 - 10:22am | 453Hong Kong's Securities and Futures Commission (SFC) has announced that it will start accepting applications for crypto trading platform licenses beginning June 1. The SFC's new guidelines aim to regulate the crypto industry and protect retail investors. According to the guidelines, licensed...
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Bitcoin's Nightmare Continues: Investors Flock To Altcoins
Monday, May 22, 2023 - 12:14pm | 444Digital asset investment products have witnessed a net outflow of $32 million in the past week, marking the fifth week in a row of this downward trend, with the total over this period amounting to $232 million (0.7% of total assets under management), according to a report. In its digital asset fund...
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Crypto's Wild West Era Is Over: Here's How The Big Dogs Are Taking Over
Friday, May 19, 2023 - 11:00am | 482Duncan Trenholme, co-head of digital assets at TP ICAP, the largest interdealer-broker worldwide, says that the crypto industry can garner insights from traditional finance to enhance conflict-of-interest mitigation and the protection of customer funds. He believes that these crucial areas have...
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Hong Kong-Based Hashkey's Billion-Dollar Dream: The Next Big Bang In Crypto
Friday, May 19, 2023 - 8:51am | 491Crypto-focused Hashkey Group is reportedly in the preliminary stage of discussions to gather a funding round that could elevate its valuation above $1 billion. This move comes as the Hong Kong-based company aims to capitalize on the city's drive towards digital asset development. Quoting...
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Crypto Vs. Government: Pakistan's Epic Battle Unfolds
Thursday, May 18, 2023 - 4:56pm | 529Pakistan's official approach towards cryptocurrencies is becoming increasingly strict, despite the continued enthusiasm from its citizens who seek a hedge against the depreciating national currency amid the country's volatile political climate. During a meeting with the Senate Standing...
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Europe, Get Ready: Coinbase One Now Available In UK, Germany, And Ireland
Thursday, May 18, 2023 - 3:29pm | 387Cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) has decided to broaden the reach of its subscription-based product, Coinbase One, to encompass the United Kingdom, Germany, and Ireland. In an emailed statement to Benzinga, the company said that the product, priced at a...
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Binance Loses 15% Market Share — But The Company Is Just Fine With It
Wednesday, May 17, 2023 - 5:45pm | 476In recent months, crypto behemoth Binance (CRYPTO: BNB) saw a dip in its market share by approximately 15 percentage points. Previously dominating 62% of the market in spot crypto trading volumes in February, Binance's share since slipped to an estimated 47% this month. Despite this...
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FTX's Fight For Billions: Can A Staggering $3.9B Crypto Treasure Be Reclaimed?
Thursday, May 4, 2023 - 10:17am | 307FTX Group is attempting to recover nearly $3.9 billion in funds, consisting of cash and cryptocurrency, from the insolvent digital asset lender Genesis Global Capital LLC and its solvent affiliate, GGC International Ltd. The funds in question are linked to $1.8 billion in loans and $273 million in...