Colombia Central Bank Recommends Limiting CBDC Holdings, Spending
According to the Central Bank of Colombia, restricting CBDC transactions may help with concerns over user security and privacy. The central bank of Colombia believes that restricting transactions involving a potential central bank digital currency (CBDC) could enhance user security and privacy. Although the bank has not decided on creating a CBDC, it sees benefits […]
CME Group Expands Bitcoin, Ether Reference Rates to Asia
Derivatives marketplace CME Group will introduce reference rates for Bitcoin (BTC) and Ether (ETH) for the Asia Pacific area. CME Group announced on that the new reference rates would go live on September 11. According to Giovanni Vicioso, senior director for digital currency products at CME Group, the most recent reference rates intends to answer […]
Bitcoin, Ether Price Dip Leads to $1B in Crypto Liquidation
The Bitcoin and Ethereum price decline on August 18 caused the top two cryptocurrencies to fall to a two-month low, prompting thousands of derivative traders to liquidate their positions. The crypto bloodbath resulted in liquidating hedged positions worth billions of dollars, and several traders lost millions of dollars in a single trade. According to CoinGlass […]
Binance Cuts Ties with Credit Card Processing Firm Checkout.com
Checkout.com, a credit card processing company based in the United Kingdom, has reportedly severed ties with cryptocurrency exchange Binance due to regulatory concerns. Forbes reports that the world’s largest cryptocurrency exchange by volume was informed of the company’s intention to terminate the contract due to regulatory concerns. This could be a turning point for Binance’s […]
Securitize Buys Crypto Fund Manager Onramp Invest
Securitize has acquired Onramp Invest, a cryptocurrency fund manager with over $40 billion in assets under management (AUM). The firm will provide new alternative assets to major crypto fund managers like WisdomTree and Valkyrie Invest. With the acquisition of Onramp, Securitize intends to facilitate registered investment advisers’ (RIA) access to private equity, private credit, and […]