Tag: Trading

Binance Launches Copy Trading for Futures Contracts

For those looking to follow and replicate the trading portfolios and strategies of lead traders, Binance’s copy trading can prove to be a game-changer. In a groundbreaking move, Binance, the world’s largest crypto exchange, is set to transform the crypto trading landscape with the introduction of copy trading for its highly liquid futures products in selected markets. As contained in a press release shared with Coinspeaker, this innovative feature will allow millions of users to simultaneously become both lead and copy traders, creating a dynamic community of traders seeking to…

Google AI Lead: “Don’t take trading advice from ChatGPT”

ChatGPT and trading bots are on the rise, but can you trust their recommendations? Laurence Moroney, AI Lead at Google, discusses the intersection of AI and web3 in an exclusive interview with crypto.news. Artificial intelligence (AI) and blockchain technologies are advancing rapidly. With the increased accessibility of AI, the risk of misinformation has grown, as tools like ChatGPT enable everyone to generate large volumes of misleading content. Experts suggest that blockchain has the potential to address this issue. Web3 could provide a secure and verified identity system, ensuring the accuracy…

Yuga cuts staff, NFT trading volume on Mythos Chain surges and more…

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Cutbacks at Yuga Labs Bored Ape Yacht Club creator Yuga Labs has announced a restructuring that has seen several roles “eliminated across the company.” The exact number of layoffs hasn’t been specified, however, in an Oct. 6 blog post shared via X ( formerly Twitter), Yuga Labs CEO Daniel Alegre suggested the firm had taken on too many projects that were ultimately distracting it from its “core priorities.” Yuga Labs is announcing a restructuring that will better focus our team on our core priorities. While certain roles have been impacted,…

Retail stablecoin trading in Hong Kong not allowed yet, official says

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As Hong Kong progresses with the adoption of cryptocurrency trading for individual investors, a local official stressed that retail stablecoin trading is not yet allowed. Hong Kong has not adopted regulations for stablecoins like Tether (USDT) or USD Coin (USDC), which means retail investors are not allowed to trade those assets, according to Hong Kong’s Secretary for Financial Services and the Treasury, Christian Hui. The official provided remarks on cryptocurrency regulation in Hong Kong during an online investment committee meeting on Oct. 6, the local news agency Ming Pao reported.…

Novartis Completes Sandoz Spinoff, Sandoz Starts Trading at 24 Swiss Francs

Half of Sandoz’s revenue comes from Europe. Thus, it will be looking to leverage its brand presence in Europe for further growth. Emerging reports suggest that Novartis has completed the spinoff of its Generics and Biosimilars division, Sandoz, on Wednesday, October 4. The Swiss drug company first made its intention known in August 2022, commencing a strategic review to determine the fate of Sandoz. The review revealed a 100% spinoff was in the best interest of shareholders. Following that, Novartis shareholders approved this plan at the company’s Extraordinary General Meeting held…

Sam Bankman-Fried Lost Millions Trading Before FTX’s Launch, Michael Lewis Claims

CryptoX – Cryptocurrency Analysis and News Portal Most of these were losing bets from the start with Alameda losing millions of dollars in its first months. It lost over $500,000 every day throughout one such month, Lewis wrote, while some trading funds had “simply vanished” due to poor fund management. Original Source The post Sam Bankman-Fried Lost Millions Trading Before FTX’s Launch, Michael Lewis Claims appeared first on CryptoX. CryptoX Portal

Sam Bankman-Fried’s FTX Spurred Almost $300M Loss for Crypto Market Maker Jump Trading, Michael Lewis Says in ‘Going Infinite’

The book says Jump was “near the top” of the list of FTX’s 50 “biggest accounts whose owners had been unable to remove their money from the crypto exchange,” Lewis wrote. Jump Trading lost $206 million while its affiliated trading firm, Tai Mo Shan Ltd., lost more than $75 million, according to the book, which cited documents discovered by Constance Wang, ex-chief operating officer of FTX. Source

ApeX Protocol Welcomes New Telegram Bot for Derivatives Trading

ApeX is celebrating the launch of the Telegram bot by introducing a referral campaign. ApeX Protocol, a multichain decentralized derivatives protocol has introduced a Telegram bot dubbed ApeX Bot. According to a Press Release shared with Coinspeaker, ApeX Bot is designed to facilitate seamless derivatives trading transactions. Notably, this is the first-ever layer-2 Decentralized Exchange (DEX) bot that supports derivatives trading and it is unique as a protocol that offers advanced trading options to users. Tekla I, the head of Business Development at ApeX Protocol noted that this is a…