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Join Our Telegram channel to stay up to date on breaking news coverage Coinbase Derivatives Exchange, previously known as FairX, is launching a Nano Ether futures contract this month, hoping to improve the accessibility of the futures market to retail traders. On June 27, the futures exchange, which is regulated by the Commodity Futures Trading Commission (CFTC), launched Nano Bitcoin futures (BIT). Regulatory approval was then needed for Coinbase to offer these contracts to their clients. This move was expected to unlock significant growth by increasing the accessibility to the crypto market which represented $3T in value at that time. This launch came in at a time when the crypto market was in a very volatile condition, with the Terra LUNA crash supplementing a market-wide crash. Earlier that year, Coinbase bought FairX to launch their crypto derivatives after receiving the necessary regulatory approval a year prior. In the last thirty days itself, the Nano Bitcoin futur...

Join Our Telegram channel to stay up to date on breaking news coverage In a move that will likely make cryptocurrencies more staple to the economy, Binance has teamed up with a Ukrainian Supermarket chain to accept crypto payments. The partnership was announced on Friday as Binance took to Twitter to declare that it has partnered with VARUS, a Ukrainian Supermarket Chain. This partnership will allow the customers to buy groceries through crypto using the Binance Pay wallet. #Binance partners with one of Ukraine’s top food chain retailers, VARUS, to let the community enjoy seamless crypto payments with fast delivery across the country. VARUS is the first supermarket in Europe to accept #Binance Pay 🤝 pic.twitter.com/75Q7YbnKTj — Binance (@binance) September 16, 2022 Varus is one of the Biggest Companies in Ukraine Ukraine citizens are likely excited about this new development since Varus is a household name in the region. It is one of the biggest store...

Also Read: Alex Mashinsky Arrested As US SEC, DOJ, CFTC And FTC Filed Lawsuits Against Celsius Network advertisement Amid speculation of turmoil, Christie penned down his remarks explaining the personal reasons that drove him to take a break from his job. More importantly, the former SVP had good words to say about the company’s compliance program. The world’s top Crypto exchange is fighting several legal battles including from the United States Commodities Futures Trading Commission (CFTC) as well as the US Securities and Exchange Commission (SEC). Eleanor Hughes, The New Binance General Counsel Hughes, who has over 15 years of legal experience, has been part of Binance ’s legal team since November 2021. In her new role, Hughes is set to lead a team of 85 lawyers and work closely with the company’s Compliance team, the exchange said in a statement. Binance CEO CZ stated on the ocassion that Hughes “has grown to be a trust...

Also Read: US Congressman Files Bill To Fire SEC Chair Gary Gensler Meanwhile, former Fed Vice Chair Roger Ferguson believes the ongoing market optimism resulted in the pricing in of the Fed rate hike pause already. Hence, it may be argued that there may not be much room for bullish environment in the financial markets. However, the same may not necessarily be said about Bitcoin price and Crypto Market s. Former Fed Vice Chair: Rate Hike Pause Already Priced In Speaking to CNBC on Monday, former Fed official Roger Ferguson agreed that the market is right about the Fed pause expectation. However, he said not all is fine about the quantitative easing of the Fed’s monetary policy. Citing tight labor market and rising wages, Ferguson said there was likelihood of further rate hikes in the remaining of 2023, as against the market expectation of a downward path in terms of easing the policy. Hence, this could potentially translate to increased volatility in the Crypto Market , as ri...

Also Read: Binance Cuts ETH Staking Withdrawal Time, Will Prices Go Down? advertisement This complaint comes at a time when the regulatory agency faces criticism from not just crypto trader communities but also top lawmakers in the United States . Recently, Patrick McHenry, Chairman of the House Financial Services Committee, said to SEC Chair Gary Gensler that there was clearly no clarity on regulation for crypto related activities in the US. All Internal Commications Regarding Cryptocurrencies The complaint pertains to an August 2021 request from Empower Oversight that sought “all communications between senior SEC officials and their former and future employers and related entities regarding cryptocurrencies.” A statement from the organization said former senior SEC official William Hinman received money in compensation from his former employer Simpson Thacher, was part of a group that promoted Ethereum. Hinman had publicly declared Ether...