CME Ranks Second on Bitcoin Futures Exchanges List
The Chicago Mercantile Exchange (CME), a regulated derivatives exchange that lists Bitcoin futures, now ranks second on the list of BTC futures exchanges in terms of notional open interest. On October 30, open interest at the CME reached $3.58 billion, propelling the regulated derivatives exchange platform up two positions from the previous week. The CME […]
G7 Countries to Reportedly Launch AI Code of Conduct
Reuters reports that the Group of Seven (G7) industrial nations will agree on an artificial intelligence (AI) code of conduct for developers to reference for mitigating risks and benefits of the technology on October 30. According to the report, the code consists of eleven points that seek to promote “safe, secure, and trustworthy AI worldwide” […]
Singapore Plans Joint Crypto Pilots with Japan FSA, FCA, FINMA
Singapore’s central bank and financial regulator, the Monetary Authority of Singapore (MAS), intends to begin joint crypto-related pilots with several European and Japanese nations. The 30th of October marked the official announcement by the MAS that it will collaborate with the Financial Services Agency of Japan (FSA), the Swiss Financial Market Supervisory Authority (FINMA), and […]
Kraken Crypto Exchange to Share 42,000 Users Data with IRS
Following a court order, Kraken, a US-based cryptocurrency exchange, will provide the Internal Revenue Service (IRS) with the personal information of 42,000 users in early November. In May 2021, the U.S. District Court for the Northern District of California issued a court order requiring Kraken to produce “a wide range of records and data” on […]
Standard Chartered-Backed Zodia Expands to Hong Kong
The demand for cryptocurrencies in Hong Kong is primarily fueled by institutional investors rather than retail customers, according to Zodia’s CEO. Zodia, the institutional cryptocurrency custody platform jointly backed by Standard Chartered, SBI Holdings, and Northern Trust, is expanding its services to Hong Kong. According to Zodia CEO Julian Sawyer, as reported by CNBC on October […]