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Crypto Market is Recovering! But the Real Pain is Still Hovering Around Altcoins
The post Crypto Market is Recovering! But the Real Pain is Still Hovering Around Altcoins appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide
The Bitcoin price surged above the $42,500 resistance level and hit $44,000 before correcting lower. At press time BTC Price is consolidating gains above $43,750. Similarly, most major altcoins extended gains and tested resistance. Despite the sudden rise above $43K, traders warn that Bitcoin and altcoins are still in for “Real Pain” if macro perspectives …
Students at collapsed flight school Soar face long wait for court
The delay until September 2022 means many of the pupils claim to be unable to afford to enrol for alternative qualifications because they have used up their limited VET student loan. Coinbase Enters Derivatives Market Following Acquisition of FairX
The US-based cryptocurrency exchange Coinbase has announced the acquisition of FairX, a CFTC-regulated derivatives exchange. According to the official announcement, the acquisition ‘is an important step toward Coinbase ultimately making the derivatives market accessible’ to its millions of customers in the United States. FairX is the operating name of LMX Labs, LLC, which received approval as a designated contract market (DCM) under the Commodity Futures and Trading Commission in (CFTC) November 20202. Launched in May 2021, the trading platform has already secured brokerage partnerships with industry leaders like TD Ameritrade and E*Trade, ABN AMRO, Wedbush, Virtu Financial. Coinbase will be initially looking to offer regulated crypto derivatives to market through the FairX existing partner ecosystem. The acquisition is set to close in the first quarter of 2022 with terms of the agreement not disclosed. “Over time, we plan to leverage FairX’s infrastructure to offer crypto derivatives to all Coinbase customers in the US. We want to make the derivatives market more approachable for our millions of retail customers by delivering an easy-to-use user experience that Coinbase is known for,” the announcement post read. Over the past seven days, crypto derivatives accounted for $137 billion in 24-hour trading volume over the past day according to CoinGecko. In the same period, spot trading volume across crypto exchanges accounted for $55 billion. This is not the first time a US-based crypto exchange has looked towards the derivatives market. In August, FTX.US, bought LedgerX, another derivatives trading platform regulated by the CFTC. Similarly, last month, Singapore-based Crypto.com announced the purchase of the North American Derivatives Exchange, revealing its entry into the US crypto derivatives market.
The post Coinbase Enters Derivatives Market Following Acquisition of FairX appeared first on Cryptoknowmics-Crypto News and Media Platform.
Qantas slashes capacity amid COVID surge
Qantas has announced it will reduce flight capacity by over 30 per cent from January through to March, in order to "better match travel demand" amid Australia's ongoing Omicron outbreak. British Lawmakers Sense Risks Over Use of Digital Pound
As talks about the release of a digital pound by 2025 are yet to happen, British lawmakers are already doubtful that their use could harm financial stability, raise the cost of credit and erode privacy. (Read More)
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