u.s.

California named ‘most crypto ready’ US state

Source Node: https://cointelegraph.com/news/california-named-most-crypto-ready-us-state
Time Stamp: September 18, 2021 12:30 PM - Modified On: September 18, 2021 - Published By:
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California has emerged as the most crypto-ready jurisdiction in the United States thanks to the proliferation of cryptocurrency ATMs and growing interest in digital assets among the state’s population, according to new industry research from review site Crypto Head. With a score of 5.72 out of 10, California edged out New Jersey (5.44), Texas (5.28), Florida (5.03) and New York (4.29) in the crypto-ready index. The state’s point total was also 2.54 points higher than the national average. The results were tabulated using metrics such as crypto-related Google searches, the presence

Coinbase Files For Futures and Derivatives Trading

Source Node: https://beincrypto.com/coinbase-files-futures-derivatives-trading/
Time Stamp: September 16, 2021 2:44 AM - Modified On: September 16, 2021 - Published By:
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North America’s largest crypto exchange Coinbase has taken the first steps in making an application to allow futures and derivatives products on the platform.Sponsored Sponsored On Sept 16, Coinbase stated that it had filed an application with the National Futures Association (NFA) to register as a Futures Commission Merchant (FCM). The exchange added that “this is the next step to broaden our offerings and offer futures and derivatives trading on our platforms,” in order to further expand the crypto economy.Sponsored Sponsored The NFA’s official website now lists Coinbase Global Inc.

The correlation between Bitcoin and S&P 500 has these implications

Source Node: https://ambcrypto.com/the-correlation-between-bitcoin-and-the-sp-500-has-these-implications/
Time Stamp: September 15, 2021 10:30 PM - Modified On: September 15, 2021 - Published By:
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The on-going corrections being witnessed in the U.S. stock market has managed to fuel in fear amongst people from the crypto space too. Even though they represent completely different spectrums of the financial landscape, both the markets have historically, maintained an on-and-off relationship. Source: TradingView Altering dynamics Interestingly, both markets have witnessed major bull and bear phases in synchronization. Earlier in March this year it was proved that the crypto space is not immune from big crashes witnessed in the traditional financial world. Right after that in April, it was

Head of Australian Crypto Exchange Says Regulations Are Beneficial

Source Node: https://beincrypto.com/head-of-australian-crypto-exchange-says-regulations-are-beneficial/
Time Stamp: September 15, 2021 6:45 PM - Modified On: September 15, 2021 - Published By:
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The head of the popular Australian cryptocurrency exchange BTC Markets says crypto regulations provide benefits to the industry. Sponsored Sponsored In the global race for cryptocurrency adoption, regulations, and innovation Australia seeks its own piece of the action. According to the CEO of the country’s largest crypto exchange the country could get left behind without proper action.  Caroline Bowler is CEO of the exchange BTC Market. In an interview with Bloomberg she said it would be a “real shame for Australia if we don’t take this bull by the horns.”Sponsored Sponsored

Cryptocurrencies Must Be Monitored Says Argentine Central Bank President

Source Node: https://beincrypto.com/cryptocurrencies-monitored-argentine-central-bank-president/
Time Stamp: September 3, 2021 3:21 AM - Modified On: September 3, 2021 - Published By:
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The President of Argentina’s Central Bank has said that cryptocurrencies must be monitored closely and that they must not be used to flout foreign exchange regulation.Sponsored Sponsored Miguel Pesce said in a recent meeting organized by the Argentine Chamber of Fintech that the Argentine central bank would be “closely monitoring” cryptocurrencies. Pesce, the president of the central bank, said that the volatility of cryptocurrencies was one of the biggest issues. In addition, he wants to ensure that crypto cannot be used to flout foreign exchange controls. The virtual meeting saw

Singapore Monetary Authority Adds Binance to Investor Warning List

Source Node: https://beincrypto.com/singapore-monetary-authority-binance-investor-warning-list/
Time Stamp: September 3, 2021 2:37 AM - Modified On: September 3, 2021 - Published By:
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Singapore’s financial regulator, the Monetary Authority of Singapore (MAS), has added Binance to its investor warning list, becoming yet another country to warn investors.Sponsored Sponsored The Monetary Authority of Singapore (MAS), the country’s financial regulator, has added Binance to its investor alert list. The list warns investors of companies or firms that “may have been wrongly perceived as being licensed or regulated by MAS.” This is similar to a warning issued by the U.K.’s Financial Conduct Authority. Bloomberg asked the MAS questions about the incident — and it may be

Japan’s Rakuten Wallet to resume XRP margin trading next week

Source Node: https://ambcrypto.com/japans-rakuten-wallet-to-resume-xrp-margin-trading-next-week/
Time Stamp: September 2, 2021 5:30 AM - Modified On: September 2, 2021 - Published By:
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While Ripple Labs and XRP continue to face scrutiny in the U.S, other countries and agencies might soon look at the latter more favorably. Rakuten Wallet, operated by one of Japan’s leading e-commerce portals, has just announced the resumption of XRP trading on its platform. Rakuten’s crypto-arm had discontinued services related to XRP in December last year following concerns arising from the SEC’s lawsuit in the U.S. At the time, the company had claimed that they were unsure if XRP’s liquidity could be secured. The entity had also raised concerns

Binance U.S could realize its IPO dreams by 2024

Source Node: https://ambcrypto.com/binance-u-s-could-realize-its-ipo-dreams-by-2024/
Time Stamp: September 2, 2021 3:30 AM - Modified On: September 2, 2021 - Published By:
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Popular crypto-exchange Binance’s U.S. division could have an initial public offering by 2024, according to CEO and Founder Changpeng Zhao. In a recent interview, the exec noted, “Binance.US is just going to do what Coinbase did.” Here, it’s worth noting that Coinbase’s IPO was followed by lawsuits from Donald Ramsey and other investors. In fact, many of the latter have alleged the exchange made “materially misleading” statements during its IPO. As Coinbase continues to fight this charge, Binance may want to make sure that it covers its bases from regulatory

Why this billionaire investor’s crypto-investment advice has no basis

Source Node: https://ambcrypto.com/why-this-billionaire-investors-crypto-investment-advice-has-no-basis/
Time Stamp: September 1, 2021 5:30 AM - Modified On: September 1, 2021 - Published By:
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The “Bitcoin is a bubble” theory has been touted for as long as the digital asset has existed. Despite Bitcoin providing optimum returns over the last few years, many traditional investors have failed to find value in the crypto. Billionaire investor and subprime broker John Paulson is the latest addition to this clique. In a recent interview, Paulson called crypto a bubble that will “eventually prove to be worthless.” Paulson had famously predicted and benefited from the U.S. subprime mortgage crisis in 2008 by placing a successful short position on

Crypto Derivatives ‘Somewhat Misunderstood,’ Says FTX CEO

Source Node: https://beincrypto.com/crypto-derivatives-somewhat-misunderstood-says-ftx-ceo/
Time Stamp: August 31, 2021 9:45 AM - Modified On: August 31, 2021 - Published By:
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Crypto exchange FTX CEO Sam Bankman-Fried believes that crypto derivatives are a “somewhat misunderstood area.”Sponsored Sponsored “People will note that derivatives trade more volume in crypto than spot, which is true,” the 20-year-old crypto billionaire said. “But that is true of every asset class in the world.” Bankman-Fried explained that derivatives make markets more efficient. This is because they provide further liquidity, while providing exposure to investors who don’t necessarily want to own the assets. He admitted that derivatives like crypto futures can sometimes facilitate leveraged positions that lead to