Currency derivatives house of the year: Standard Chartered Bank - cyptoranking.com

2024-05-01

Popular crypto exchanges(2023 Update) 2024-05-01
Image: cyptoranking.com

FAQs International preferences Currency derivatives house of the year: Standard Chartered BankSpot Trading Alfred said:

Exchange Rankings Crypto
Image: cyptoranking.com

Image Source: YouTubeFormer FTX boss Sam Bankman-Fried had written a draft Twitter thread to announce the possible closure of his hedge fund Alameda Research. The thread, which was drafted in September 2022, reveals that Bankman-Fried considered announcing the closure of Alameda Research, the trading firm he co-founded, just two months before the collapse of FTX.During the trial, FTX co-founder Gary Wang testified that Bankman-Fried was anxious about an upcoming article that would expose the close ties between FTX and Alameda Research. Bankman-Fried Praises Alameda in Draft ThreadIn the thread, Bankman-Fried praised Alameda Research as a crucial player in the ecosystem, acting as "a buyer when no one else is ready to buy–when markets are wild and volatile and prices are crashing and capital is scarce." He also commended Alameda's achievements after his departure, emphasizing its role as a significant global source of liquidity and guidance for the industry.However, Bankman-Fried acknowledged Alameda's biggest failure in the draft thread, which was losing track of millions of dollars' worth of Ripple tokens due to accounting negligence in February 2018. "In February 2018, we got lazy–and our accounting was lazy–and we lost most of what we'd made," Bankman-Fried wrote."Employees were sad and angry and frustrated, and I had no idea what to do about that."Bankman-Fried used the thread as an opportunity to address the narrative propagated by competitors that Alameda and FTX had excessively close ties. He dismissed the claims as distractions from their competitors' own problems, emphasizing that they were not true. Interestingly, Bankman-Fried's plan to wind down Alameda Research was halted due to the firm's significant debt of $14 billion owed to FTX. Wang testified that when he informed Bankman-Fried about the inability to shut down Alameda, Bankman-Fried simply acknowledged the situation.The draft thread concludes with the hypothetical statement, "Alameda Research is dead. Long live FTX." However, Bankman-Fried never executed the closure of Alameda as planned.Wang Concludes Testimony on Day Six of TrialOn day six of the trial, Wang concluded his testimony and once again admitted to committing crimes with Bankman-Fried.Last week, Wang confessed that he and former FTX boss Sam Bankman-Fried committed wire fraud. He revealed to the jury that he and Bankman-Fried engaged in financial crimes and deceitful practices that ultimately led to the collapse of the cryptocurrency trading platform.As the chief technical officer at FTX and a co-owner of Alameda Research, a cryptocurrency hedge fund founded by Wang and Bankman-Fried in 2017, Wang admitted to committing wire, securities, and commodities fraud. He disclosed that the duo illegally withdrew a staggering $8 billion from FTX funds through Alameda Research. Wang further claimed that Bankman-Fried directed these illicit actions.Rise in Chinese Banks Issuing Digital Yuan Corporate Loans Wintermute’s transfer of 2 million OP tokens to Binance is a testament to the exchange’s credibility and capability as a trusted platform for crypto transactions. It also reflects the broader trend of crypto market participants seeking efficient and secure avenues to manage their assets and engage in trading activities. Why is crypto down 2023?This comes on the heels of a $24 million investment plan to bolster operations in the country’s tech hub, Gurgaon. The pair could accelerate lower below the $27,000 support in the near term.

Firstly, Consensys cited the complexity of the proposed regulations and the necessity for a thorough analysis of their potential impact on the software applications provided by the company. Consequently, they requested an extension of the deadline for submitting comments until at least December 31, 2023 to allow for more comprehensive feedback and assessment of the proposed rules. VanEck posted a video on its X page Thursday — in tandem with a press release — teasing the “upcoming launch” of the VanEck Ethereum Strategy ETF. The company declined to comment further. Australian banks warned against large scale 'debanking' of crypto operatorsHere’s a statistic that tends to be overlooked, according to dYdX founder Antonio Julio: Derivatives currently make up around 75% of all trading volume in the crypto market. Spot trading is the act of selling and purchasing tokens at concurrent prices to earn a profit.

Draft EU laws state that companies like OpenAI must disclose content they generate using AI, together with summaries of sources they use to combat disinformation. UK investor Matt Clifford is setting the agenda for an AI summit Prime Minister Rishi Sunak will host in November. The Kennedy name has been closely associated with the Democratic Party for generations, but RFK Jr.’s positions on a variety of issues, such as his opposition to vaccines, have alienated him from the party mainstream and his own family.Related: One less crypto-friendly candidate — Miami mayor ends US presidential runKennedy’s views on crypto were often comparable to those of Republican presidential contender and Florida Governor Ron DeSantis. DeSantis shared Kennedy’s antipathy for FedNow and a CBDC, as well as his support for Bitcoin. Polls show DeSantis running a distant second to Trump for the Republican primary nomination.With Biden and Trump leading the polls for the two main U.S. parties, it seems possible the next president will be a crypto opponent who supports a CBDC despite suggestions within the industry that crypto will be a decisive issue for voters in the 2024 presidential election.Magazine: Opinion: GOP crypto maxis almost as bad as Dems’ ‘anti-crypto army’ Best Bitcoin Brokers To Trade Bitcoin Anonymously-No ID!Source: Pixabay / Miloslav HamrikVanEck has announced that it will donate 10% of all profits from its upcoming Ethereum (ETH) futures exchange-traded fund (ETF) to the Ethereum core developers for a period of ten years. The beneficiary of this initiative will be The Protocol Guild, a group comprising more than 150 developers who are responsible for maintaining Ethereum's core technology, the asset manager said in a recent post on X (formerly Twitter).VanEck said that it is only fair for asset managers to give back to the community that builds and supports the crypto protocol. "Thank you, Ethereum contributors, for nearly a decade of relentless building & ongoing stewardship of this common infrastructure," the company wrote. The company expressed its hope that other asset managers and ETF issuers would also consider adopting a similar approach.This move by VanEck aligns with the growing trend of crypto-native communities supporting the Ethereum network. Notable contributors include Lido Finance, Uniswap, Arbitrum, Optimism, ENS Domains, MolochDAO, and Nouns DAO. According to a public dashboard tracking donations to the Guild's mainnet, over $12 million has been generated from 4,846 contributions. These funds are distributed among the Guild's members based on a weighted ratio determined by their contribution periods.VanEck unveiled its upcoming Ethereum Strategy ETF (EFUT) on September 28, which will invest in ether futures contracts. The fund will be actively managed by Greg Krenzer, the head of active trading at VanEck, and is set to be listed on the Chicago Board Options Exchange in the near future.Investment Firms Rush to Launch Ether FundsIn addition to VanEck, other traditional investment firms are also planning to offer exposure to Ether futures. Valkyrie, another company in the space, plans to offer exposure to Ether futures through its existing Bitcoin Strategy ETF, now rebranded as the Valkyrie Bitcoin and Ether Strategy ETF. Bitwise also submitted an updated prospectus for their equal-weight Bitcoin and Ether futures ETF on September 28, with expectations of going live next week. Additionally, Kelly ETFs has partnered with Hashdex to deliver futures Ether ETFs in the near future.Most recently, Invesco and Galaxy Digital filed for a spot Ether ETF, dubbed Invesco Galaxy Ethereum ETF. Notably, the United States Securities and Exchange Commission (SEC) recently delayed its decision on approving a spot Ether product until December.However, there are speculations that futures-based Ether ETFs are expected to become available as early as next week. In fact, reports have suggested that the SEC may commence approval of Ether futures ETFs in early October, which has generated significant interest among asset managers eager to participate."Hearing the SEC wants to accelerate the launch of Ether futures ETFs (bc they want it off their plate bf shutdown) so they've asked the filers to update their docs by Fri pm (no small task to jam into 48hrs, esp for indie issuers), so they can go eff Mon and trade Tue," ETF analyst Eric Balchunas wrote in a recent post on X.Invesco and Galaxy Pursue Spot Ether ETF Application “The fact that by far the larger portion of crypto investments in the UAE is for institutional and professional sized transactions, indicates an eagerness from organisations and high-net-worth individuals to add cryptocurrency to their investment portfolios,” Kim Grauer, Chainalyis’ director of research, said in a statement.

Have an opinion on this story? Share it!