Tag: finance

Leading Derivatives Exchange CME Group Launches Micro Bitcoin and Ether Options – Finance Bitcoin News

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CME Group, one of the world’s largest derivatives marketplaces, has launched micro-sized bitcoin and ether options. “The launch of these micro-sized options builds on the significant growth and liquidity we have seen in our micro bitcoin and micro ether futures,” said a CME executive. CME Now Offers Micro Bitcoin, Ether Options CME Group announced Monday that it is now offering options on micro bitcoin and micro ether futures. CME’s Micro Bitcoin futures (MBT) is 1/10 the size of one bitcoin (BTC) and Micro Ether futures (MET) is similarly sized at…

Nasdaq-Listed Microstrategy Obtains $205 Million Bitcoin-Backed Loan to Buy More BTC – Finance Bitcoin News

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Nasdaq-listed Microstrategy has obtained a $205 million bitcoin-collateralized loan from Silvergate Bank through a subsidiary to buy more bitcoin. “The interest-only term loan is secured by certain bitcoin held in Macrostrategy’s collateral account.” Company to Use $205M Bitcoin-Backed Loan to Purchase Bitcoin The Nasdaq-listed pro-bitcoin software company Microstrategy announced Tuesday that one of its subsidiaries has obtained a bitcoin-backed loan to purchase additional BTC. Microstrategy CEO Michael Saylor tweeted Tuesday: Macrostrategy, a subsidiary of Microstrategy, has closed a $205 million bitcoin-collateralized loan with Silvergate Bank to purchase bitcoin. Silvergate Bank…

Existing Financial Systems are Rigged, Says Fringe Finance CTO Brian Pasfield

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The traditional finance world, or TradFi as we know it, lacks inclusivity. According to the data published and endorsed by the World Bank, only 69% of the world’s adult population has an account. Although financial inclusion is the enabler for seven out of the seventeen Sustainable Development Goals, 1.7 billion people are unbanked. Lack of inclusion stems from the entry barriers that the TradFi has itself cultivated in the form of unnecessary documentation needs, involvement of too many intermediaries and approvals in the process, and more. The current financial structures…

Senate Finance Committee Chair probes “lack of safeguards” in crypto tax incentives

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Democratic Senator Ron Wyden is digging into the activities of crypto companies that take advantage of tax breaks provided by the Opportunity Zone program. Senator Wyden’s main concern stems from the perception that some crypto companies may be taking advantage of what he called “a lack of safeguards and transparency measures” in the Opportunity Zone program. The concerns were raised in letters he sent to two companies and one individual. He wants to understand how they are providing the required reciprocal support for low-income communities as stipulated by the rules…

Interoperability-focused Stargate Finance (STG) aims to kick off DeFi 3.0

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“Stargate Finance” has been trending on Twitter for the past week and while it’s too early to call for a full-blown DeFi bull market, traders have been shoveling funds into the project, which claims to be a “composable omni-chain native asset bridge.” Data from Cointelegraph Markets Pro and TradingView shows STG was listed on exchanges on March 17 and its price has climbed 438% from a low of $0.665 to a high of $3.58 on March 25. STG/USDC 1-hour chart. Source: TradingView Here’s a look at some of the developments…

Digital AUM Surged to $48.7 Billion in March, Average Weekly Flows Turn Negative – Finance Bitcoin News

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The total aggregate digital assets under management (AUM) surged to $48.7 billion in March, up from the $43.9 billion that was recorded in January, the latest data from Crypto Compare has shown. In contrast, the average daily trading volumes fell by 29.6% to $259 million during this period. BTC and ETH Products Lag Behind According to the latest data from Crypto Compare (CC), the total aggregate digital assets under management (AUM) topped $48.7 billion in March 2022. This latest AUM number represents an increase of $4.8 billion, or 11.1%, from…

Bitcoin-only brokers on freedom and finance

In Europe, “Bitcoin only” is a growing trend, as more and more consumers and companies are hardening their resolve that Bitcoin (BTC) is the only digital asset worth holding.  Bitcoin-only exchanges and brokers are places to stack sats, not “gamble” on Ether (ETH), or trade “garbage” that looks like “venture investments.”  That’s according to the CEOs of major Bitcoin-only exchanges and brokers, including CoinCorner, FastBitcoins, Relai, Bittr, Pocket Bitcoin and Bitcoin-lyon. Cryptox spoke to the CEOs and founders of these European Bitcoin brokers to find out why they are Bitcoin only,…

BIG CRYPTO NEWS! This Could Shoot Bitcoin to $100K!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 🔸 FREE $100 & No Monthly Fees 💵 I-Trust Capital ► 💠 Binance FREE Bitcoin BONUS (U.S. Accepted) ► 🔸 KuCoin FREE Airdrop Bonus Up To $1,000 ► Whether it’s from Raoul Pal, Plan B, Willy Woo, Michael Saylor or any voice in the bitcoin community one of the most common themes we’ve been hearing in 2021 is that the institutions are coming, which will drive a huge demand in crypto, particularly Bitcoin, when institutions add it to their balance sheets. Cathie…