Brazilians Can Now Bet on President Bolsonaro’s Reelection Bid on FTX

Brazilians Can Now Bet on President Bolsonaro’s Reelection Bid on FTXCrypto derivatives exchange FTX has launched a futures contract that allows Brazilian voters and traders in jurisdictions where the platform is available to bet on the outcome of Brazil’s next presidential election. With health and financial crises looming in the country, Jair Bolsonaro’s second term as head of state is far from certain. FTX Launches […]

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How Prime Brokerage Will Affect Crypto Markets

How Prime Brokerage Will Affect Crypto MarketsPrime brokerage firms are coming for crypto in what’s likely to be a race of winner-takes-almost-all. Goldman Sachs is synonymous with institutional wealth and power, even to those who’ve never purchased a financial product in their life. Like the eponymous tower it occupies in Jersey City, Goldman Sachs dominates the prime brokerage trade. What will […]

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In the Daily: Cryptocurrency Payments, Nvidia Losses, Suspended CFD

In the Daily: Cryptocurrency Payments, Nvidia Losses, Suspended CFDIn the first edition of The Daily this weekend, we focus on a study estimating that 13 percent of people have used digital coins for payments. We also look at the latest financial report from Nvidia indicating losses due to falling demand for chips used in cryptocurrency mining. Lastly, a broker suspends its crypto CFD […]

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SEC, CFTC, FBI Take Action Against Bitcoin-Funded Securities Dealer 1Broker

SEC, CFTC, FBI Take Action Against Bitcoin-Funded Securities Dealer 1BrokerThree U.S. agencies have taken action against international bitcoin-funded securities dealer 1pool Ltd., aka 1Broker. The Securities and Exchange Commission (SEC) says 1Broker violated federal securities laws. The Commodity Futures Trading Commission (CFTC) says it violated the Commodity Exchange Act. Meanwhile, the company says it is working on letting customers withdraw their funds. Also read: 160 […]

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Coinbase Gets $20 Billion Prime Client, Ads Back on Facebook

Coinbase Gets $20 Billion Prime Client, Ads Back on FacebookCoinbase, the San Francisco-based cryptocurrency exchange already valued as high as $8 billion by itself, had a couple more additional positive developments recently. The company reportedly landed a $20 billion prime client and got its ads reinstated on Facebook. Also Read: The Weekly: New Regulations, Blackrock Probes Market, Coinbase Gets Into Politics $20 Billion Hedge […]

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