Day: April 14, 2023

London Stock Exchange-backed LCH to Offer Bitcoin Index Derivatives Clearing Services from Q4 2023

Subject to regulatory approval, LCH has partnered with GFO-ax to offer the clearing of Bitcoin index derivatives. As the Bitcoin and broader cryptocurrency market gain global recognition amid banking crisis, the United Kingdom institutional investors can rest assured the Rishi Sunak government is pro-digit assets. In a stunning move, the London Stock Exchange (LSE) through its subsidiary LCH Limited, LCH S.A has announced that it will begin to offer clearing of Bitcoin index futures and options contracts traded on GFO-X, a UK FCA-approved digital asset derivatives trading platform. Subject to…

Ether, Dogecoin Lead Crypto Market Bounce; Lido’s Staked Ether Breaks Into Top Ten

Ether added over 10% in the past 24 hours, trading at 11-month highs above $2,120 during the Asian trading hours. Thursday’s Shapella upgrade ushered in a major development for the Ethereum network, allowing users to stake and unstake tokens from the network at will – improving the network’s overall outlook. Source BounceBreaksCryptoDogecoinEtherLeadLidosMarketStakedTenTop CryptoX Portal

Winner of Canadian Lottery Jackpot Says Impostors Using His Name to Steal Bitcoins – Featured Bitcoin News

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The winner of the Canadian lottery, Scott Gurney, has confirmed that scammers impersonating him on Facebook have conned unsuspecting victims of their bitcoins. To counter the scammers, Gurney said he has stopped accepting or sending friend requests on the social networking platform. ‘Too Good to Be True’ The Canadian Lotto Max jackpot winner, Scott Gurney, has said individuals using his name have been asking social media users to donate bitcoins are likely scammers, a report has said. Gurney, who won $55 million, confirmed that one individual told him they lost…

HashKey launches wealth management service citing ‘significant’ demand

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Hong Kong-based digital asset firm HashKey Group has launched a new wealth management platform geared toward professional and institutional investors. In an April 14 announcement, HashKey cited “significant demand from investors to access virtual assets” as the reason for its move into the wealth management space. Deng Chao, the CEO of the group’s venture capital arm HashKey Capital, noted the service allows it to offer solutions to help tap into the “growing opportunities of virtual assets.” HashKey pointed to a 2022 study from consultancy firm Boston Consulting Group (BSG) which…

Bank of Russia Analysts Note Ditching US Dollar Is ‘Hardly Possible’ Without Structural Changes to Foreign Trade – Economics Bitcoin News

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A report from the research department of the Bank of Russia shows that, due to the structure of foreign trade contracts, it will be difficult to ditch the usage of the U.S. dollar to settle payments. The analysts found that contracts are often denominated in U.S. dollars and that most transactions are still concluded with providers from unfriendly countries. Bank of Russia Analysts Find Ditching U.S. Dollar Might Prove Difficult Analysts from the Bank of Russia have found that ditching the U.S. dollar for foreign trade settlements will not be…

Uniswap proposal to launch on Polygon zkEVM is set to pass

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Decentralized exchange (DEX) Uniswap is seemingly set to launch on the new zero-knowledge Ethereum Virtual Machine (zkEVM) roll-up solution from scaling solution provider Polygon. While Uniswap (UNI) tokenholders have until April 14 at 9:05 pm UTC to vote on the proposal to launch Uniswap v3 on the zkEVM, the 40 million vote threshold needed for the proposal to pass has already been reached — with over 42.4 million votes recorded in favor of the integration. All 191 Ethereum addresses voted in favor of the proposal with financial modeling platform Gauntlet…

Asia’s current gaming domination ‘crucial’ for Web3 games: DappRadar

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Asia is “crucial” to the Web3 gaming industry, as it already boasts the majority share of gamers and gaming revenue, and has a high interest in blockchain technology, according to a new report. An April 13 report from analytics platform DappRadar emphasized the Asian market has over 1.7 billion video game players, accounting for 55% of the world’s tot. It also houses over half of the global gaming revenue and has long been “the driving force” behind the global gaming industry, according to the report. Market share of global gamers…