According to the announcement, the settlement of Ether/Bitcoin Ratio futures will be in cash, based on the final settlement price of CME Group’s Ether (ETH) futures divided by the final settlement price of CME Group’s (NASDAQ:CME) Bitcoin (BTC) futures. Moreover, this new contract will adhere to the identical listing cycle observed in CME Group’s Bitcoin futures and Ether futures contracts.Continue Reading on Coin Telegraph More
Approved by the upper chamber of the U.K. parliament on June 19, the Financial Services and Markets Bill has been discussed in the British Parliament since July 2022 and is expected to increase legal clarity and support the adoption of cryptocurrencies in the country.Continue Reading on Coin Telegraph More
Fidelity is one of several big asset managers that have applied to list bitcoin ETFs recent weeks. BlackRock (NYSE:BLK), WisdomTree, Invesco and VanEck also submitted paperwork for spot bitcoin ETFs on Cboe BZX, Nasdaq and NYSE Arca, which is owned by Intercontinental Exchange (NYSE:ICE) Inc.The spate of filings from the so-called “traditional finance” heavyweights has breathed some life into an ailing crypto industry, with bitcoin hitting a one-year high over $31,000 on June 23.Bitcoin had struggled to gain traction after a series of crypto company meltdowns, including the sudden collapse of exchange FTX late last year, which authorities say was running a multi-billion dollar fraud.A regulatory crackdown has also weighed on the crypto sector. Binance and Coinbase (NASDAQ:COIN) Global, two of the biggest crypto exchanges, were sued this month by the SEC for allegedly violating its rules, which the pair deny.The SEC has rejected dozens of spot bitcoin ETF applications in the past few years, including one from Fidelity in January 2022. In all cases, the regulator said the filings did not meet standards designed to prevent fraudulent and manipulative practices and protect investors and the public interest.The first bitcoin futures ETF was approved in October 2021, helping send the volatile bitcoin to an all-time high of $69,000 in November 2021, and raising hopes that a spot bitcoin ETF would soon be approved. Spot ETFs directly track the price of the cryptocurrency, while futures-based ETFs follow the price of bitcoin futures contracts. More
The news was first reported by Forward Finance, citing people familiar with the matter. Cointelegraph reached out to Binance to confirm the news, and a spokesperson from the firm said that it is “unable to share details of conversations with regulators,” adding:Continue Reading on Coin Telegraph More
LayerZero has seen surging use of its protocol, from 10,000 messages a day six months ago to 650,000 a day now, Pellegrino told Cointelegraph U.S. news editor Sam Bourgi. Its market is rapidly evolving. Pellegrino said:Continue Reading on Coin Telegraph More
Inflection AI is also developing its own personal adjutant AI system dubbed “Pi.” The firm explained that Pi is “a teacher, coach, confidante, creative partner, and sounding board” that can be accessed directly via social media or WhatsApp. The company’s total funding amount has reached $1.525 billion since its inception in early 2022.Continue Reading on Coin Telegraph More
The report, which consists of 16 separate proposals, highlights the advantages and potential of blockchain technology in various sectors. As a result of the INDU’s deliberations, the committee made recommendations that they included in the report for the consideration of the House of Commons and the government.Continue Reading on Coin Telegraph More
Binance has come under pressure from regulators around the world. The U.S. Securities and Exchange Commission this month sued Binance and its CEO Changpeng Zhao over what the regulator called a “web of deception” to evade U.S. laws. Binance denies the charges.The German regulator, BaFin, issued a statement declining to comment on individual companies due to confidentiality.Binance said it would not share details of conversations with regulators, but added: “We continue to work to comply with BaFin’s requirements”.It called it a “detailed and ongoing process” and said it was confident of having “the right team and measures in place to continue our discussions with regulators in Germany”.Finance Forward first reported the news of the German licence.Problems have been mounting for Binance in recent weeks.Last week, Belgium’s FSMA regulator ordered Binance to stop offering any virtual currency services in the country.France is also probing Binance, which has decided to quit the Dutch market because it was unable to meet registration requirements to operate as a virtual asset service provider.BaFin in 2021 warned Binance it risked being fined for offering certain digital tokens to clients in Germany without necessary information. More
