World’s dominant crypto futures market could face regulatory shake-up
Hong Kong appears to be tightening the screws on unregulated crypto exchanges. Proposed regulations targeting Hong Kong’s blockchain industry could have far-reaching consequences for the crypto derivatives market, according to new research from Messari.io. In a report published on Wednesday, researcher Mira Christanto said the Special Administrative Region of Hong Kong, which happens to be the dominant market for crypto futures trading, could be clamping down on unregulated exchanges as part of a broader push for more governance. The researcher cited a recent proposal from the Hong Kong....
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Coinbase, the renowned cryptocurrency trading platform, has announced that its Bermuda-based entity, Coinbase International Exchange, has received regulatory approval from the Bermuda Monetary Authority (BAM) to offer perpetual futures to retail customers outside the United States. The move marks Coinbase’s entry into the rapidly growing market for perpetual futures, which have become dominant in cryptocurrency […]
The crypto market remains a hotbed of activity amidst regulatory uncertainties and evolving market dynamics. Despite recent fluctuations and the complex regulatory landscape, North America continues to hold its ground as a dominant player in the global digital currency market, albeit with some nuanced changes. Amidst the seemingly turbulent atmosphere of regulatory uncertainties and oscillating […]
The price of Bitcoin fell by 3% so far this week amid growing regulatory pressure on cryptocurrency exchanges in China and Hong Kong. The price of Bitcoin (BTC) has declined by more than 3% in the past two days. The pullback of the dominant cryptocurrency comes amid growing regulatory pressure in China and Hong Kong.The daily price chart of Bitcoin. Source: TradingView.comTimeline of exchange FUD in the past monthOn Oct. 16, top Bitcoin futures exchange OKEx suspended withdrawals after one of the exchange’s private key holders was reportedly arrested. Merely 17 days later, speculation that....
With a Bitcoin futures exchange-traded fund, getting exposure to the world’s largest cryptocurrency will be easier than ever. The odds of the United States Securities and Exchange Commission (SEC) approving a Bitcoin (BTC) exchange-traded fund (ETF) before a physical Bitcoin ETF are higher than ever, courtesy of Chairman Gary Gensler’s now oft-repeated preference for the former.But here’s the issue: an ETF built around crypto futures isn’t the most efficient, economical or easiest route. Physically backed products are. They’re likely to attract more assets and open the crypto market to....
Shake provides support for Dash, Gatecoin draws “first blood,” and ShapeShift will bring altcoins to debit cards. Want to catch up on your latest altcoin news? Read the stories below. SHAKE, RATTLE & DASH: DEBIT CARDS ON THE WAY. Bitcoin debit card provider Shake is adding Dash support to its platform, allowing customers to use Dash to purchase goods and services. Dash is labelled as the world’s seventh strongest digital currency. VP of business development at Dash Daniel Diaz expressed enthusiasm over the move, stating: “This is a very exciting financial option for the Dash community.....