Report: Robinhood gets 60% off $170M exchange purchase.
Due to unfavorable market circumstances, Robinhood, the US-based stock and cryptocurrency trading platform allegedly obtained a 60% discount on the first offer offered to Ziglu. Because of unfavorable market conditions, stock and cryptocurrency investing platform Robinhood allegedly received a 58% discount on its $170 million bid to purchase crypto exchange Ziglu. Robinhood made its original […]
CME Group to introduce ETH futures trading option
Chicago Mercantile Exchange Group (CME Group), a large derivatives market is making plans to introduce an Ether (ETH) futures contract trading feature. The CME Group announced on Thursday that, pending regulatory approval, it intends to introduce options contracts for its Ether futures, with a contract size of 50 ETH. The futures options, which are anticipated […]
ETHPOW Hype ends as Would-Be Token’s Price depreciates
On exchanges where the digital asset is listed, there is still little interest among cryptocurrency traders to bet on ETHPOW Some cryptocurrency exchanges hurried to offer ETHPOW, the token of a hypothetical, competing Ethereum protocol, earlier this month in the hopes that cryptocurrency traders would wager on the token’s price even before it was released. […]
Reserve Bank of South Africa urges crypto should not be cut-off
The Reserve Bank of South Africa provided instructions to its subsidiaries that included a recommendation not to completely shut off contact with cryptocurrencies. The CEO of the Prudential Authority of the Reserve Bank of South Africa, Fundi Tshazibana, signed the official notice. Due to murky rules or a high risk component, certain South African banks […]
Korea’s FIU blocks websites of unregistered crypto exchanges
The Korea Financial Intelligence Unit (FIU) is taking action against 16 foreign-based cryptocurrency exchanges for failing to register with relevant authorities in the country. The FIU has informed the appropriate investigating authority that 16 virtual asset service providers have been conducting business without the required registrations. Along with 13 other exchanges that the FIU is […]