“In terms of leverage, we don’t want this to turn into a full blown leverage casino. So for Bitcoin, the max leverage we are offering is 20x, and then for ETH and BNB, just 10x,” said Moro. “But of course, if we only traded bitcoin, ETH and BNB, then, frankly, that is a boring exchange. We will also have to offer derivatives on tokens that are less common and lower in the market cap table.” Source
Bankrupt crypto exchange FTX is one step closer to relaunching as an entirely new exchange. According to a June 28 report from the Wall Street Journal, FTX restructuring chief John Ray said the company had “begun the process of soliciting interested parties to the reboot of the FTX.com exchange.” Sources familiar with the matter said the firm has been holding talks with investors around financing the potential reboot. Blockchain lending company Figure is among the parties who have displayed interest in the process. Cointelegraph reached out to Figure but did…
While an approved BlackRock spot Bitcoin (BTC) exchange-traded fund (ETF) will funnel new institutional money to Bitcoin, it’s going to be the retail investors that ultimately drive any significant price surges, according to Michael Shaulov, the CEO and co-founder of institutional custody platform Fireblocks. On June 15, investment colossus BlackRock filed for a spot Bitcoin ETF, leading to other financial firms filing their own, along with Bitcoin’s price reaching its highest levels in a year. However, while many are hopeful that institutional involvement in crypto will further rocket prices, Shaulov notes…
Former Twitter CEO Jack Dorsey, who now heads the Bitcoin-focused financial services firm Block, is going straight to the top in his quest for answers on why Apple, the giant computer and smartphone maker, doesn’t offer bitcoin (BTC) support for its mobile payment service, Apple Pay. Original
Dubai-headquartered cryptocurrency exchange Bybit already operates out of Dubai, but its current licensing doesn’t allow the firm to serve all customers, according to Bybit CEO. Bybit FinTech FZE, a subsidiary of the global exchange Bybit, on June 27 announced it received the Minimum Viable Product (MVP) preparatory license by Dubai’s Virtual Assets Regulatory Authority (VARA). According to the CEO, Bybit is currently working hard to gain a full market product (FMP) license in Dubai, which will allow the exchange to operate for a full spectrum of customers in the United…
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Jeremy Allaire, the co-founder and CEO of Circle, expressed optimism about the potential approval of bitcoin exchange-traded funds (ETFs) during an interview at the World Economic Forum in Tianjin, China. Allaire believes that regulators’ previous concerns regarding bitcoin ETFs will soon be resolved, paving the way for authorized ETFs. He noted the progress in developing more mature market structures to support these financial instruments. Allaire told Bloomberg, “You have mature spot markets, well-regulated custody infrastructure, and…
Microsoft earned a solid 19% increase in operating income, demonstrating its capacity to increase profitability. In a bold statement made to executives and board members last year, the Chief Executive Officer (CEO) of Microsoft Corp (NASDAQ: MSFT) Satya Nadella revealed the company’s ambitious plan to achieve $500 billion in revenue by the fiscal year 2030. This target represents a significant target and is more than double Microsoft’s current size. It showcases the company’s unwavering commitment to innovation and growth. As reported by CNBC, the comments surfaced recently during Microsoft’s Federal…
Former FTX executives allegedly splurged millions on funding niche projects unrelated to crypto or Web3, including a uniquely named $1.8 million “Pineapple house.” A June 26 report from FTX restructuring chief and CEO John Ray laid out the uses of the allegedly misappropriated customer funds. According to the report, this included “charitable” donations made by the exchange’s co-founder Sam Bankman-Fried and other former executives under the nonprofit FTX Foundation. Detailed were $700,000 worth of FTX Foundation “grants,” $400,000 of which were given to “an entity that posted animated videos on…
Blockchain Australia’s new CEO Simon Callaghan hopes the Federal Government will take its cues on crypto regulation from the United Kingdom, Hong Kong, and Singapore — and definitely not the United States. In his new position, Callaghan aims to steer crypto rule-making in the country and avoid making similar moves to the U.S. Securities and Exchange Commission — which is suing the world’s two largest exchanges and has branded at least 68 tokens as securities. “Regulation by enforcement is the equivalent of having a hammer and seeing everything as a…
Earlier, Meta co-founder Mark Zuckerberg had agreed to a Jiu-Jitsu fight in a cage with Tesla CEO Elon Musk following social media pressure. In what was described to be the biggest Jiu-Jitsu fight of the century, Meta Platforms Inc (NASDAQ: META) co-founder Mark Zuckerberg and Tesla Inc (NASDAQ: TSLA) CEO Elon Musk had agreed to lock each other in a physical contest. The fight was ostensibly triggered by Mario Nawfal, CEO of Web3 incubator platform IBC Group, after highlighting the competitive nature between Twitter and Meta in the social media…