Day: June 2, 2023

Coinbase proceeds with US bitcoin and ether futures

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Amidst growing regulatory challenges in the U.S., Coinbase, a prominent public cryptocurrency exchange, pushes forward with its plans to roll out bitcoin and ether futures contracts targeted at institutional investors. In the midst of increasing regulatory scrutiny in the U.S., leading public cryptocurrency exchange, Coinbase, presses ahead with its introduction of futures contracts. The announcement was made on June 1, stating that bitcoin and ether futures contracts will be available starting June 5 via its derivatives…

Apple and Goldman Sachs Don’t Trust Their New Banking Customers

The absurdity of this is layered and nuanced, like a souffle of clumsy, anti-customer banking practices. One trigger for such a bank security review, you see, is making a large deposit into a new account. But Apple has been heavily marketing the above-average interest rate on its savings service (4.15%), so it shouldn’t be a surprise people are depositing large amounts – which is also kind of what normal people do with a savings account already? And the savings service was only launched a few weeks ago, so all of…

May Payrolls Beat Predictions by 339K

Payrolls rose 339,000 in May, exceeding expectations and indicating a resilient labor market. The US economy continued to generate employment in May, despite macroeconomic challenges. Nonfarm payrolls increased to 339,000, significantly surpassing Dow Jones’ expectations of 190,000, as a result, May marked the twenty-ninth consecutive month of positive job growth in the country. According to the US Bureau of Labor Statistics, although the unemployment rate rose to 3.7% compared to the estimated 3.5%, the labor market remained strong. Similarly, average hourly earnings increased by 0.3%, as expected, while annual wages…

zkPass Protocol Wins First Season of Binance Web3 Reality Show

zkPass protocol was selected from a list of more than 900 applicants and will now receive strategic funding from Binance Labs as well as four other finalists. A decentralized open-source protocol that focuses on identity verification solutions zkPass has been crowned the winner of a metaverse show sponsored by the leading cryptocurrency exchange Binance. According to the announcement, the Binance metaverse show was seeking to crown the next big Web3 entrepreneur amongst a huge group of applicants. A panel of Judges in the Binance Web3 reality show had an easy…

Sotheby’s Golden ‘Goose’ Sale, Mercedes Benz NFTs and Nike Teams Up With EA Sports

What: Fewocious, aka Victor Langlois, started creating colorful works of art in his early teen years before slowly building a reputation for himself in the digital art space. Now at 20, he has been dropping snippets of his upcoming profile picture (PFP) collection called “Fewos,” which pays homage to the “Frankensteins, Misunderstoods and Humanoids” of the world. Each NFT, minted as ERC-6551 tokens, is composed of hand-drawn traits that were converted into 3D art. Source BenzGoldenGooseMercedesNFTsNikeSaleSothebysSportsTeams CryptoX Portal

Japan Sends Warning to ChatGPT Creator OpenAI about Collecting Private User Data without Consent

Through its privacy commission, Japan issued a warning and threatened to take action against OpenAI if it violates any privacy regulation. Japan’s privacy agency has announced it issued a warning to OpenAI on using or collecting user data. The Personal Information Protection Commission (PPC) urged the ChatGPT creator to only collect sensitive information with consent from users. In the statement, the privacy watchdog suggests it is currently not investigating OpenAI for any breach of privacy or unauthorized collection of user data. However, it called on the company to “reduce the risk to…

CFTC commissioner says proposal to reassess risk management could consider crypto

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Christy Goldsmith Romero, commissioner with the United States Commodity Futures Trading Commission (CFTC), has commented on a proposal amending the government body’s Risk Management Program with respect to digital assets. In a June 1 notice, the CFTC said it would be opening a proposed rule change for amendments to its risk management requirements applicable to swap dealers and futures commission merchants. Romero said in a public statement that the proposal could allow the commission to address risks associated with certain crypto investments, citing the failure of Silvergate Bank. “These technological…

Coinbase Derivatives Exchange Launches Bitcoin and Ether Futures

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Coinbase Derivatives Exchange, a derivatives platform linked to its namesake cryptocurrency exchange, will introduce Bitcoin and Ether futures contracts for institutional clients on June 5. Coinbase Bitcoin (BTI) and Coinbase Ether (ETI) futures contracts, sized 1 Bitcoin and 10 Ether per contract, respectively, will be accessible through third-party institutional Futures Commission Merchants (FCMs) and brokers, the company announced on Friday. Coinbase in the announcement said it has witnessed increased demand for futures contracts among investors. Futures contracts are agreements that allow investors to buy or sell an asset at a…

Bitcoin ‘big move’ due in July after March $30K push — Latest analysis

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Bitcoin “consolidation” could end by July, new research predicts as optimism over a BTC price breakout returns. In its latest market update on June 2, trading firm QCP Capital revealed a bullish bias on both Bitcoin  (BTC) and the largest altcoin, Ether (ETH). QCP Capital: Bitcoin consolidation “played out perfectly” Bitcoin price has been ranging between $26,000 and $31,000 since mid-March, but analysts are increasingly calling time on the sideways action. QCP Capital is among them, predicting a change of course as soon as the end of the month. This, it argues,…