With FTX’s collapse spurring global regulators into action against the crypto industry, the Canadian Securities Administrators (CSA) are no exception. On Monday, the association announced an expanded ruleset pertaining to crypto trading platforms in Canada, which would bar them from offering margin or leverage trading to Canadian clients. No More Leverage As announced by the...Read More
The Commodities and Futures Trading Commission (CFTC) had alleged that Alameda Research was offered a secret “time advantage” when executing trades at the defunct crypto exchange FTX. The revelation adds to a growing list of claims and evidence suggesting that FTX and Alameda were not nearly as independent as once publicly portrayed. The Alameda Advantage...Read More
The leading cryptocurrencies have been demonstrating a strong trend as we woke up to another piece of good news about SBF being refused bail and required to be imprisoned until February of the next year. The publication of the Consumer Price Index (CPI) statistics for the month of November may be credited for the unexpected...Read More
In November, the U.S. consumer price index (CPI) rose 0.1% from the previous month, slower than the 0.4% pace in October. This is a sign that the Federal Reserve’s efforts to bring down inflation are making progress. The data also boosted cryptocurrency prices, as less-worrisome consumer-price increases may give the Fed more room to relax...Read More
Citi downgraded Robinhood Markets (HOOD) stock to ‘Neutral’ from ‘Buy’ due to potential risks from upcoming market structure proposals by the United States SEC, a cautious equity market outlook, and the impact of bankrupt-platform FTX spilling over the crypto trading revenue and client base. The analyst stated that the timing of that is “uncertain.” It...Read More
[PR – Singapore, Singapore, 13th December, 2022, Chainwire] Stader Labs, a leading multi-chain liquid staking protocol, has announced that it is launching its liquid staking solution, ETHx for Ethereum. This week, Stader Labs published its vision for Ethereum which sheds light on what to expect. The State of Ethereum Staking Firstly, a glance at the...Read More
[PR – Singapore, Singapore, 12th December, 2022, Chainwire] BinaryX launches a new 220,000 BNX Cyber Incubation Fund, aimed at driving the growth and adoption of Web3 games. The fund, supported by the project team, seed investors and members of the BNX community, will be used to invest in on-chain gaming projects that utilize or are...Read More
[PRESS RELEASE – Please Read Disclaimer] This long-term, government-wide contract permits Simba Chain to supply its blockchain solutions and services to all Federal US agencies. Since inception, Simba Chain has built several state-of-the-art blockchain applications for the US Navy, Air Force, Space Force, and other government branches. After securing over fourteen contracts with the Department...Read More
BitMEX users will be able to get exposure to the anticipated Flare token from tomorrow. About the FLARE Token The Flare token (known formerly as the Spark token), has the ticker FLR. It is the native asset of the Flare network, a blockchain project that aims to bring smart contract functionality to crypto assets, issued...Read More
The world’s largest financial watchdog, the FSB, plans to roll out regulatory guidelines for crypto in 2023. According to the Financial Times, the FSB intends to set out a timeline for global regulators in the coming months. It will enable them to implement its first recommendations on global crypto regulation, it added. The move is...Read More
The FTX collapse spurred action from yet another financial watchdog. The Thailand Securities and Exchange Commission (SEC) is gearing up to impose more stringent regulations on crypto assets similar to that of the global market in a bid to protect investors. According to Bangkok Post, the SEC said that regulators should play a greater role...Read More
On December 13, 2022, Bahamian authorities denied parole to Sam Bankman-Fried, also known as SBF, after he was charged by U.S. lawmakers with eight counts of financial fraud. As reported by Reuters, Bahamian Chief Magistrate JoyAnn Ferguson-Pratt denied Sam Bankman-Fried’s lawyers’ request for parole, citing a “great” risk of him becoming a fugitive. Therefore, SBF,...Read More
