Cryptocurrency

The decision follows the U.S. Commodity Futures Trading Commission’s (CFTC) approval in June 2023, which recognized Cboe Digital’s compliance with traditional futures market structures. The upcoming launch is backed by significant players in the industry, including Jump Trading, Wedbush, and Cumberland DRW.On Monday, Cboe Digital announced its ambition to integrate margin trading into its platform. This feature allows traders to borrow capital for asset purchases and is particularly appealing to institutional investors. The exchange currently supports spot trading for a variety of cryptocurrencies and has plans to expand its offerings to include physically delivered products, subject to regulatory green lights.John Palmer, President of Cboe Digital, emphasized the significance of the upcoming margin futures launch on Tuesday. He expressed that this development is a milestone for Cboe Digital and will contribute to creating a more trusted and transparent market for cryptocurrencies.This initiative comes amid a broader expansion in crypto derivatives offerings. For instance, Coinbase (NASDAQ:COIN) Advanced introduced perpetual futures trading for key cryptocurrencies in October 2023 and recently added Solana (SOL) and Avalanche (AVAX) perpetual futures contracts to its platform.The crypto community has responded positively to these developments. Michaël van de Poppe, a well-known figure in the space, highlighted the potential positive impact on market liquidity through a tweet.As the crypto market anticipates this significant advancement, several firms have already pledged their support for Cboe Digital’s new capabilities. An incentive program aimed at bolstering liquidity is expected to be implemented by November 17. This strategic move could enhance trading efficiency and deepen liquidity across the cryptocurrency markets.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

The license allows Commerzbank to venture into new territory by offering custody solutions for cryptocurrencies, utilizing blockchain technology. Dr. Jörg Oliveri del Castillo-Schulz, COO of Commerzbank, hailed this as a crucial step in the bank’s efforts to integrate cutting-edge technologies and innovations into their service offerings.With this strategic initiative, Commerzbank aims to cater to its substantial client base, which includes around 26,000 corporate client groups and nearly 11 million private and small-business customers in Germany. The bank’s initial strategy focuses on establishing a robust platform that ensures the safekeeping of crypto assets for its clientele.As Commerzbank embraces this progressive direction, there is also a growing call for stringent financial oversight of banks’ cryptocurrency businesses. This is to ensure that financial integrity is upheld amidst the expansion of digital asset services in the banking sector. The license acquisition by Commerzbank represents not only an advancement for the bank but also underscores the evolving regulatory landscape surrounding cryptocurrencies in Germany and beyond.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

Project Guardian is a collaborative initiative led by Singapore’s central bank that seeks to develop new financial infrastructure using decentralized finance (DeFi) elements. The latest initiatives are aimed at developing foundational capabilities to scale tokenized markets. As explained by MAS:Continue Reading on Cointelegraph More

In recent market activity, Solana has exhibited stability with a minor gain of 0.5% as of yesterday. The token is expected to benefit from a reallocation of capital moving away from other Layer-1 solutions such as Avalanche and Fantom. This trend suggests investors are exploring alternative platforms that could offer more attractive returns.Thorchain’s decentralized exchange, THOR DEX, is also on an upward trajectory, capturing investor interest with its performance. Similarly, Polygon is gaining attention due to its strength and the anticipation of a burgeoning ZK narrative, which refers to an emerging technology that enables private transactions on public blockchains. Other tokens within this narrative include Dusk Network, Loopring, and Mina Protocol.Additionally, Soteria has broken into Upbit’s top 10 traded volume, indicating a growing interest from traders. Tidal Finance is another token that has caught the attention of the market with a significant $700 million market cap. Its current trajectory mirrors the early days of Aptos, suggesting it may be poised for future growth.The decentralized exchange tokens GMX, DYDX, and Gnosis are positioned to potentially benefit from ongoing market volatility. These tokens could offer profitable medium-term investments as traders look to capitalize on fluctuating prices.Gaming tokens Yield Guild Games (YGG) and Gamestarter are also anticipated to outperform in the broader market. The upcoming Yield Guild Games conference scheduled for Friday is expected to further fuel their growth as it may introduce new developments or partnerships that could impact their valuation positively.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

A whale, known to have narrowly avoided the FTX/Alameda crash by timely withdrawing ETH from the exchange, executed a sale of 6,099 ETH for 12 million USDC at a price of $1,964 per ETH, pocketing approximately $14.3 million. This transaction, occurring just fourhours ago, has raised questions among the trading community: is this whale’s trading pattern worth emulating?Reviewing the whale’s historical activity since December 2022 reveals a series of 22 buy and sell actions, suggesting a strategic approach to trading. However, it is crucial to note that the whale does not consistently buy at the lowest and sell at the peak prices. Instead, they exhibit a pattern that sometimes involves buying and selling in quick succession, regardless of significant price fluctuations, indicating a complex that may factor in more than just immediate market prices.This behavior indicates a level of risk-taking and a nontraditional strategy that may leverage market sentiment, news or other indicators not immediately apparent to the average trader. The whale’s approach, while lucrative in some instances, also comes with its own set of risks, as rapid trading amid volatile price movements can lead to unpredictable outcomes.The community is often tempted to mirror the trades of these whales under the assumption that they have access to privileged information or superior market insights. However, the unpredictable nature of these “weird moves” suggests that copying such trading patterns without a deep understanding of the whale’s strategy could be precarious.The Ethereum market remains vibrant and fluid, with significant trades by whales adding to the complexity of market dynamics.This article was originally published on U.Today More

The community response to Drew’s comments has been mixed. While some see parallels between XRP’s wealth generation capabilities and traditional fiat currencies, others are skeptical about XRP’s ability to counter what they perceive as the WEF’s agenda. Critics cite XRP’s centralized nature and its competition with established financial messaging services like SWIFT as limitations to its disruptive potential. Furthermore, Ripple’s connections with a corporation associated with the WEF have raised questions about its independence and alignment with the goals of resisting such agendas.Despite these debates, XRP continues to be favored for its transactional benefits. Known for its speed and cost-effectiveness, XRP is viewed as a potential game-changer in the payments industry, particularly when it comes to cross-border money transfers where it can offer significant advantages over traditional methods. The digital currency’s role in this sector is being closely monitored by both supporters and critics as it gains prominence in discussions about the future of financial systems.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

In a Nov. 14 blog post, Blockchain.com said the closing of its Series E round was led by the United Kingdom-based venture capital firm Kingsway Capital. It also saw participation from Baillie Gifford, Lakestar and Coinbase (NASDAQ:COIN) Ventures, among others. Continue Reading on Cointelegraph More

In a Nov. 14 statement, a spokesperson for the Delaware Department of State told Cointelegraph that the false filing claiming that asset manager BlackRock (NYSE:BLK) registered an “iShares XRP Trust” would be referred to state authorities. The registration, which appeared as a listing on the state’s Division of Corporations on Nov. 13, momentarily caused the price of XRP to surge roughly 12% before losing its gains when the falsehood was revealed.Continue Reading on Cointelegraph More