U.S. regulators team up to fine and halt a crypto portfolio app offering synthetic exposure to traditional assets, which was not offered to U.S. investors. The Securities and Exchange Commission and Commodity Futures Trading Commission issued a joint fine to Abra, a crypto portfolio app that let users get synthetic exposure to traditional markets. According…
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Brave has found a major partner in Japan to explore the growing Japanese market with. BitFlyer, the biggest crypto exchange in Japan in terms of trading volume, has announced a partnership with Brave, the privacy-protecting browser. According to the announcement, BitFlyer and Brave will develop “a crypto asset wallet for Brave browser users”. No further…
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Major Japanese online securities firm Monex Securities is the first Japanese firm to offer a cryptocurrency CFD. Monex Securities, a major Japanese online securities company, launched a cryptocurrency contract-for-difference service today. This marks the first time that a major online Japanese securities company has offered a crypto CFD. A CFD is a type of derivative…
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Record surges in regulated Bitcoin options market volume signals increasing interest and participation from institutional investors. A CryptoCompare report published on July 6 has closely analyzed monthly trends in the cryptocurrency exchange market and found that crypto derivatives volumes have begun to taper off after peaking this May. Crypto derivatives volumes dropped 35.7% in June…
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Some analysts believe that Compound’s Governance Token’s dramatic rally and crash may have been engineered by derivatives traders. A number of analysts have suggested the meteoric price performance of the Compound Governance Token (COMP) may have been orchestrated using derivatives. After initially changing hands for approximately $80 each upon its June 18 listing on Poloniex,…
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Institutional interest in digital assets is growing as major financial players continue to enter the cryptocurrency space. A growing number of indicators suggest that institutional players are continuing to enter the digital asset markets, which have been dominated to date by high-net-worth individuals and actively trading crypto enthusiasts. Case in point: Crypto markets are seeing…
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Different options trading will help to diversify the market, making it flourish on the global financial scene. For those of us involved in the cryptocurrency space, we’ve gotten used to the fast-paced nature of this rapidly growing industry. New technology quickly becomes old, bright shiny projects lose their luster, and what started out as a…
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One month after the Bitcoin halving, several key factors seem to point to a pivotal change in the BTC market and investor behavior. One month has passed since the 2020 Bitcoin (BTC) miner reward halving, and a lot has happened for the predominant cryptocurrency since then. From changes in investor and trader behavior to an…
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An investor raised a major criticism about the way in which the Grayscale Bitcoin Trust is set up. Qiao Wang — Investor, analyst and head of product at crypto market data firm Messari — raised major criticism about the way in which the Grayscale Bitcoin Trust, or GBTC, is set up. In a June 11…
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Crypto derivatives monthly volume hit a new all-time high of $602 billion in May. Crypto derivatives monthly volume increased by one-third in May to hit a new all-time high of $602 billion, according to U.K.-based data aggregator CryptoCompare. The new record is only just a shade past the previous record in March of $600 billion, however,.…
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