Report Suggests FTX’s Tokenized Stocks Might Not Have Been Backed 1:1, Synthetics May Have Been Used to ‘Manipulate’ Real Stock Prices

Report Suggests FTX's Tokenized Stocks Might Not Have Been Backed 1:1, Synthetics May Have Been Used to 'Manipulate' Real Stock PricesOn Dec. 4, 2022, a report details that FTX-based synthetic stocks may have been used to manipulate the value of AMC shares. In May 2021, FTX offered 36 tokenized stocks but speculators believe it’s questionable whether or not the firm actually held the real stocks in the first place. FTX Listed 36 Synthetic Stocks and […]

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Binance Quits Stock Token Trading as Hong Kong Adds to Mounting Regulatory Pressure

Binance Quits Stock Tokens Trading as Hong Kong Adds to Mounting Regulatory PressureCryptocurrency exchange Binance has announced it will no longer support the trading of stock tokens. The decision comes against the backdrop of an ongoing regulatory crackdown, with Hong Kong becoming the latest to declare that the platform is not licensed to provide such services in its jurisdiction. Stock Tokens No Longer Available for Purchase on […]

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Abra Adds Stocks and ETF Investing to Its Cryptocurrency Exchange App

Crypto Wallet and Exchange App Abra Adds Stocks and ETF InvestingAbra has decided to add access to collateralized equities investing. This means that users of the exchange and wallet app in 155 countries will be able to trade on popular U.S. stocks and commodities like gold and even use cryptocurrency to do so. Also Read: The Daily: F1 Team Gets Crypto Sponsor, Dubai Royal Partners […]

The post Abra Adds Stocks and ETF Investing to Its Cryptocurrency Exchange App appeared first on Bitcoin News.

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European Exchange to Offer Investing in Stocks With Cryptocurrencies

European Exchange to Offer Investing in Stocks With CryptocurrenciesCryptocurrency holders who look for ways to diversify their portfolios into other markets are about to get a new option for doing so. A regulated European platform, DX Exchange, is set to offer investing in stocks using popular cryptocurrencies. Also Read: Bakkt Completes First Round of Funding With $182.5 Million Trade Tokenized Stocks With Crypto […]

The post European Exchange to Offer Investing in Stocks With Cryptocurrencies appeared first on Bitcoin News.

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