Binance Futures To Launch USDC-Margined ORDI Perpetual Contract
The Binance Exchange revealed that ORDI Perpetuals will be settled with the world’s second largest stablecoin USDC. The financing fee computation frequency will take place every four hours. Up until April 3, 12:30 PM (UTC), users can trade any USDC margined futures contract and receive a 10% reduction on trading fees. The Ordi token (ORDI) […]
BlackRock CEO Teases Feasibility of an XRP ETF
Asset management company BlackRock is piqueing interest in the cryptocurrency community by making vague references to the possible introduction of an exchange-traded fund (ETF) based on XRP. Though the company hasn’t formally announced its intent to file for an instant spot XRP ETF, rumors have increased in response to CEO Larry Fink’s cryptic remarks and […]
SEC Fines VanEck $1.75M Over ETF Influencer Promotion
Renowned financial adviser Van Eck Associates Corporation faces a large $1.75 million civil penalty from the U.S. Securities and Exchange Commission (SEC). The SEC revealed on February 16th that Van Eck failed to adequately disclose that a well-known social media celebrity was involved in the product’s marketing during the 2021 launch of the VanEck Social […]
Jupiter Asset Management Cancels XRP ETP Investment
London’s Jupiter Asset Management cancels $2.58 million XRP ETP investment due to compliance issues in its Gold & Silver fund. Due to regulatory concerns in Ireland, Jupiter Asset Management, a London-based investment business with assets over $65.8 billion, has backed out of its plan to participate in the 21Shares Ripple XRP exchange-traded product (ETP). Recall […]
Coinbase, Circle Advocate for US Action Against Tether
Executives from Coinbase and Circle have urged US authorities to step up their efforts against Tether and other offshore cryptocurrency companies that don’t follow the law. The head of Financial Crimes Legal at Coinbase, Grant Rabenn, addressed the problem of criminals using overseas platforms to get around the stringent anti-money laundering (AML) regulations imposed on […]