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Search Results for: ftx

UK GDP Shrinks by 0.3% Raising Economic Downturn Concerns

Concerns over a potential economic downturn are sure to rise in light of these figures. According to the World Bank, a severe recession in the global economy is possible. The GDP in the UK has contracted by 0.3%, which is a surprising result. The Office of National Statistics’ monthly estimates

October 12, 2022 2 mins read

CME Group Files for Futures Commission Merchant Status

CME submitted the registration back in August. The CFTC has not yet granted FTX clearance organization status for derivatives. The WSJ stated that the CME Group, the biggest financial derivatives exchange in the world, has applied to become a futures commission merchant (FCM). According to WSJ writer Alexander Osipovich, CME

October 6, 2022 1 min read

DeSo is Elon Musk and Jack Dorsey’s Answer for Decentralized Social Blockchain

Los Angeles, CA, 3rd October, 2022, Chainwire   Takeaways: Jack Dorsey and Elon Musk’s Messages call for a decentralized social media blockchain: DeSo could be the answer. Sam Bankman-Fried, Founder of FTX crypto exchange, also had a conversation about buying Twitter or creating a blockchain-based social network The DeSo Foundation

October 3, 2022 3 mins read

NFT Trading Volume Drops 97% Amid Sluggish Market

Despite fall, the number of total traders has not decreased nearly as much. The trade volume for Bored Apes was 3,634 ETH in the last week. From January to September of this year, trade volume for NFTs fell from $17 billion to just $466 million, according to data stored on

October 2, 2022 2 mins read

Eight States Filed Lawsuit Against Crypto Lender Nexo

Similar lawsuits have been filed against Nexo in Kentucky, Vermont, South Carolina, and Maryland. Similar law enforcement actions were taken against Celsius in 2021. On Monday, state securities regulators in California and several other states took action against the crypto lender Nexo, labeling the company’s Earn Interest Product (EIP) unregistered

September 27, 2022 2 mins read

Crypto Lending Platform Voyager Digital’s CFO Resigns

Voyager’s existing CEO, Stephen Ehrlich, will act as interim CFO. This past July, Voyager declared bankruptcy under Chapter 11. During the COVID-19 epidemic, crypto lenders like Voyager saw an influx of customers attracted by the high-interest rates and convenient loan terms they provided compared to conventional financial institutions. CFO Ashwin

September 26, 2022 1 min read

Crypto Exchange Binance Plans Two New Offices in Brazil

Employees would have the option of doing their jobs from home or these locations. The firm stated in March that it will acquire Sim;paul Investimentos. The global cryptocurrency exchange community is increasingly focusing on Latin American nations like Brazil as a result of the region’s robust cryptocurrency market. Binance, the

September 21, 2022 2 mins read

WazirX (WRX) Price Prediction 2022 — Will WRX Hit $2 Soon?

Bullish WRX price prediction is $0.3238 to $1.3482. WazirX (WRX)  price might also reach $2 soon. Bearish WRX  price prediction for 2022 is $0.1584. In WazirX’s (WRX) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about WRX to analyze the future movement of the

September 21, 2022 8 mins read

Nasdaq Reportedly Forays Into Crypto Custody Services

It has reported that Nasdaq Inc., the second biggest stock exchange, is looking to begin offering cryptocurrency custody services. The effort to join the crypto custody business is reportedly waiting on regulatory permission at this time. As part of its expansion, Nasdaq is forming a new company called Nasdaq Digital

September 20, 2022 2 mins read

Sardine Raises $51.5M Series B Led by Andreessen Horowitz

Sardine provides real-time fraud prevention for a growing list of fintech and web3 customers, including FTX, Blockchain.com, Wealthsimple, Brave, and Digit. Funds will be used to accelerate development of Sardine’s fraud and compliance platform as well as its card and instant ACH to crypto on-ramp & NFT checkout products. SAN

September 20, 2022 5 mins read