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Coinbase Filled An Application with National Futures Association (NFA) To Start Offering Crypto Futures Trading

Jakkk
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Coinbase Filled An Application with National Futures Association (NFA) To Start Offering Crypto Futures Trading

The cryptocurrency exchange Coinbase is now venturing into cryptocurrency derivatives.



The largest crypto trading platform in the United States filed an application with the National Futures Association (NFA) on Wednesday to register as a futures commission merchant.

According to the records, the company is registering as Coinbase Financial Markets Inc.

 

Currently, Coinbase only offers spot buying and selling, but the derivatives market is much larger in size. For example, in the past 24 hours, Binance saw more than $17 billion in Bitcoin futures trading, dwarfing the volume of its spot exchange by a factor of three.

Most exchanges, Binance, OKEx, FTX and others, offer derivative products, but not for US-based clients due to regulatory uncertainty.

 

CME is the largest regulated crypto derivatives platform in the US, listing Bitcoin futures in December 2017; Shortly thereafter, Cboe was the first to launch crypto futures and began offering Ethereum futures earlier this year.

FTX.US has also acquired the CFTC-regulated LedgerX to offer trading in futures, options and swaps on Bitcoin and Ether to take advantage of the huge untapped opportunity.

In order to be able to offer derivative products in the US market, the company must register with the Commodity Futures Trading Commission (CFTC), the federal regulator for all derivative products. Before doing this, they must first be members of the NFA, the organization that handles the registration process on behalf of the regulator.

With this step, Coinbase wants to open up the much more lucrative and larger derivatives market. Coinbase has been expanding its business since being listed directly on the Nasdaq in April. The exchange has aggressively expanded the tradable assets on its platforms by listing Dogecoin (DOGE) and Axie Infinity (AXS) alongside many other altcoins and DeFi coins.

Time Magazine Named Ethereum Co-Founder, Vitalik Buterin As One Of The Most Influential People Of 2021

Mark Brennan
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Time Magazine Named Ethereum Co-Founder, Vitalik Buterin As One Of The Most Influential People Of 2021

Time magazine named Ethereum co-founder, Vitalik Buterin as one of the most influential people this year, along with musicians, world leaders, activists and others.



Appearing on Time’s 2021 Innovator List, Buterin is named alongside Nvidia CEO Jensen Huang, Tesla CEO Elon Musk, and others. In his profile of Ethereum co-founder, Buterin’s role is cited in building the Ethereum network to a market cap of over $ 400 billion and encouraging the development of decentralized applications and non-fungible tokens, or NFTs.

Praising Vitalik, Reddit co-founder Alexis Ohanian said:

“No one person could’ve possibly come up with all of the uses for Ethereum, but it did take one person’s idea to get it started. From there, a new world has opened up, and given rise to new ways of leveraging blockchain technology.”

 

In 2021, Ethereum has become a dominant force in the cryptocurrency market benefiting from NFTs hype.

Britney Spears, Simone Biles, Tom Brady, Donald Trump and Tucker Carlson are also among the list of most influential people of 2021. It is noteworthy that the President of El Salvador Nayib Bukele was also included in the list.

AMC, The Biggest Cinema Chain Worldwide With 1004 Theaters, 11,041 Screens To Start Accepting Ethereum, Bitcoin Cash And Litecoin

Mark Brennan
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AMC CEO, Adam Aron has taken to Twitter to announce that the largest US theater chain will begin accepting Ethereum, Litecoin, and Bitcoin Cash in addition to Bitcoin.


 

 

As reported by TheCryptoBasic, AMC Entertainment announced on August 10, that it will accept bitcoin for payment for movie tickets and concessions at all AMC U.S. theatres. Back then, Adam Aron also said that AMC would consider other crypto payment options other than BTC. Today AMC announced support for ETH, LTC, and BCH.

It is not clear how AMC will enable Bitcoin payments along with ETH, BCH and LTC. Reddit meme stock mania may have influenced the company’s decision to move to crypto. Earlier this year Reddit fueled meme stock mania led to an increase in AMC stock after it became the target of short-sellers.

During the August earnings call, Aron said that AMC will also accept payments through Apple Pay and Google Pay by the end of the year.

 

AMC is the biggest cinema chain worldwide with 1,004 cinemas, and 11,041 screens. In March, the company was able to reopen its theaters in New York and California, which are its most lucrative markets.

A growing number of companies are accepting bitcoin and other cryptocurrencies as payment, including PayPal Holdings, and Square Inc. Earlier this year, Tesla Inc caused a sensation after announcing that it would accept bitcoin for payments, then halted those plans in May after CEO Elon Musk raised concerns about the effects of BTC mining on the global energy use.

Cardano Alonzo Mainnet Goes Live As Cardano Now Has Smart Contracts Capabilities

Mark Brennan
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Cardano Alonzo Mainnet Goes Live As Cardano Now Has Smart Contracts Capabilities

Cardano Alonzo upgrade is now live on the mainnet.

Read: In Last 3 Months Cardano Adds Over 200,000 New Staking Addresses


The wait is finally over. After years of researching and producing a multitude of peer-reviewed papers on the network’s structure, potential, ideas, and goals, Cardano now has smart contracts capabilities to further boost its ecosystem.

 

 

As of now, Cardano saw an important hard fork go through, and Alonzo is now live on the mainnet. What this means is that the network supports smart contracts, enabling various teams and projects to start building and deploying their protocols directly on Cardano.

 

Cardano said in a blog post:

“This is where the mission truly begins as we – the whole community – start delivering on the vision we have all been working towards for so long. Building a decentralized system that extends economic identity and opportunity to everyone, everywhere.”

The Alonzo fork enables smart contracts to be written on Cardano using Plutus scripts, which the team describes as “a purpose-built smart contract development language and execution platform using the functional programming language Haskell.”

 

The team has encouraged its community to maintain sensible expectations for Alonzo, stating:

“There are high expectations resting on this upgrade. Some unreasonably so. Cardano watchers may be expecting a sophisticated ecosystem of consumer-ready DApps available immediately after the upgrade. Expectations need to be managed here.”

Cardano is a public blockchain that was founded by Ethereum co-founder Charles Hoskinson and developed by his research firm IOHK.

Since The Beginning Of The Year Ethereum Added More Than 6.2 Million Addresses

Albert Brown
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Since The Beginning Of The Year Ethereum Added More Than 6.2 Million Addresses

Analyst and research firm CoinMetrics tweeted that Ethereum user adoption continues to expand rapidly, and its scale has not been affected by the drop in ETH prices.

Read: Standard Chartered, A British Banking Giant, Released Its First Report On Crypto Predicting Ethereum To Reach $35,000 In Long Term


According to a recent CoinMetrics tweet, a staggering number of over 6.2 million ETH wallets have been added since the beginning of the year with 0.01-1 ETH in them.

 

The team notes that despite the negative impact of the recent Ethereum liquidations, the fundamentals of the coin remain strong.

 

Meanwhile, validators continue to deposit ETH to the Ethereum 2.0 contract. According to data provided by Glassnode, The total value locked in ETH 2.0 has reached a historic peak of 7,534,146 ETH.

 

Earlier this week, SkyBridge Capital founder and CEO Anthony Scaramucci shared his views on the future development of Ethereum. He believes both ETH and Cardano will continue to grow as there are many use cases for them now and will be in the future.

In Last 3 Months Cardano Adds Over 200,000 New Staking Addresses

Mark Brennan
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In Last 3 Months Cardano Adds Over 200,000 New Staking Addresses

The Cardano ecosystem (ADA) continues to reach new heights, with the platform’s native ADA token also achieved a milestone of becoming a third most valuable cryptocurrency by market capitalization.


Statistics from Pooltool, a Cardano data aggregation tool, show that ADA staking wallets were at 821,024 as of September 10, 2021, whereas Staking addresses on June 3, 2021 were 608,391, Cardano gained 212,633 wallets in three months which is an increase of 34.95%.

 

The total ADA at stake is valued at $57.57 billion, which is 71.4% of the total coin supply.

The increase in the total number of Cardano staking wallets comes ahead of Alonzo highly anticipated update, which is set to take place on September 12. As Cardano network expands and real-world usage increases in 2021, the latest staking milestone adds to Cardano’s strong growth.

Due to the Cardano price spike in August, interest in the “Buy Cardano” keyword search on Google peaked in three months. At the same time, Tokyo-based Bitpoint became the first Japanese exchange to allow Cardano trading on August 25.

 

It’s also worth mentioning that Cardano staking has become more popular due to more exposure from multiple platforms. For example, iMining, a publicly traded Canadian company, added Cardano to its list of supported assets for its staking services. In particular, iMining hopes to expose Cardano to institutional investors by adding it to its product line with this inclusion.

While the US-based cryptocurrency exchange, Kraken, authorized ADA staking in May, which allowed more users to be exposed to ADA through the Kraken Staking wallet.

Nonetheless, despite surpassing the native Binance (BNB) token as the third largest digital asset, ADA recently suffered a major collapse after reaching all-time highs in value.

Boxing Legend, Mike Tyson Want An Answer: “Solana Or Ethereum?”

Mark Brennan
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Boxing Legend, Mike Tyson Want An Answer: “Solana Or Ethereum?”

With Solana emerging as a new contender for the smart contract crown, former professional boxer Mike Tyson recently asked the cryptocurrency community on Twitter if the upstart is better than rival Ethereum.


 

The proponents of the two competing cryptocurrencies started trading punches in Tyson’s replies.

Some, however, agreed that both of them have their own value propositions that make them unique.

Dmitry Buterin, the father of Ethereum co-founder Vitalik Buterin, entered the ring to bring some positivity to the discussion.

 

Meanwhile, Bitcoiners urged Mike to ignore both projects and focus on the crypto king, Bitcoin.

Tyson is not a newcomer in crypto. All the way back in 2015, he launched a branded Bitcoin ATM in Las Vegas. The 55-year-old boxing legend also introduced a series of his non-fungible tokens on OpenSea in late August.

Sports and cryptocurrency have been starting to cross paths more often in recent times. Boxing, specifically, has been seen to integrate crypto often. In the fight against Logan Paul, undefeated boxer Floyd Mayweather advertised EthereumMax.

 

Mayweather also launched his NFT collection Floyd’s World in OpenSea, with the highest prized going from 700 – 100 ETH. Aside from the obvious aim of making money, the collection wants to honor the boxer’s undisputed and undefeated boxing record.

Back in March, an NFT of boxer Muhammad Ali also been launched by Ethernity Chain. This was done in celebration of the 50th anniversary of the iconic “Fight of the Century.” The Non-Fungible Token has been dubbed by Ethernity Chain as the first-ever licensed “NFT of Historical Significance.”

Standard Chartered, A British Banking Giant, Released Its First Report On Crypto Predicting Ethereum To Reach $35,000 In Long Term

Jakkk
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0
Standard Chartered, A British Banking Giant, Released Its First Report On Crypto Predicting Ethereum To Reach $35,000 In Long Term

Standard Chartered, a British banking giant, released its first report on crypto. It highlighted a more optimistic stance towards Ethereum (ETH), and a less optimistic stance toward the Bitcoin (BTC).


According to Standard Chartered global research team, Ethereum is more like a “financial marketplace” in which transactions like insurance, loans, and exchanges can take place. On the other hand, according to the team, Bitcoin is more like a “currency”. Standard Chartered believes that ETH will eventually surpass BTC due to the wider use cases.

The team forecasts BTC long-term price from $50k to $175,000 which is a 300% increase from current Bitcoin price. The report forecast a more optimistic price for Ethereum. Standard Chartered predicts that ETH will be priced between $26,000 and $35,000 in the long-term. This is a 1000% increase from the current ETH price.

Standard Chartered also recognizes the importance of BTC growth. The bank acknowledges that for ETH to reach $26,000 and $35,000, BTC must first reach $175,000.

It seems that institutions are embracing the idea of Ethereum eventually surpassing Bitcoin. There is a lot of market sentiment about Ethereum overcoming BTC. Data from the last five years already show that ETH is outperforming BTC in the market.

NFL Star Tom Brady and Super Model Gisele Bundchen Tease NFL Rivalries in Cryptocurrency Ad

Albert Brown
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NFL Star Tom Brady and Super Model Gisele Bundchen Tease NFL Rivalries in Cryptocurrency Ad

NFL quarterback Tom Brady and supermodel Gisele Bundchen have starred in a $20m campaign to endorse cryptocurrency exchange platform FTX and have one question for everyone: you in?


The humorous ad is being rolled out today during the highly-anticipated opening game of the football season between opponents Tampa Bay Buccaneers and the Dallas Cowboys.

 

The newly-released spot is the first in what will be a series of long-form videos tapping into sports culture, with the aim of bringing cryptocurrency to the masses. To score with American audiences, DentsuMB played on some of the most intense rivalries in the NFL, from a cameo by famous New York Jets superfan FiremanEd to the love/hate relationship New England fans have with the seven-time Super Bowl champion.

In the video we see Brady and Bundchen calling friends and rivals to join FTX. Not one to shy away from poking fun at himself, Brady then proceeds to call someone named ‘Bill’ – a reference to Bill Belichick (head coach of the New England Patriots). ‘Bill’ turns out to be an unknown person in Boston who has Brady labeled as a ‘traitor’ on his phone, presumably for leaving the Patriots last year.

 

Founded in April 2019 by 29-year-old crypto billionaire Sam Bankman-Fried, CEO of FTX has been making power moves recently to establish itself as a major player in the US market.

 

Smart Algo Trading Robots: The Future of Trading

Albert Brown
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0
Smart Algo Trading Robots: The Future of Trading

Smart Algo is a hi-tech company with seven years of experience in developing trading robots based on the latest AI technology. 

Offering automated crypto trading services, Smart Algo provides safe and reliable trading options that are aimed to help minimize losses and maximize profits. Using these robots, traders can buy and sell any cryptocurrencies, be it Bitcoin or altcoins, and earn a passive stable income.

Underlying Smart Algo’s Mechanism

Users who choose to trade with Smart Algo robots don’t necessarily need profound investment knowledge. Instead, the robots combine complex skills and algorithms that help them trade automatically and constantly improve their proficiency.

The technology is also reinforced with self-learning neural networks. As soon as the robots understand the basic, Fibonacci or fractal trading, they continue to analyze new data for further improvement.

In addition, the algorithms are specifically developed with the stop-loss system aimed at minimizing losses. 

Smart Algo’s Features and Benefits Explained

Here are the possibilities traders can expect to get when using Smart Algo crypto trading robots:

  • Stable Passive Income

After choosing the investment package, the clients only need to wait for a successful day to collect their profits at the end of the day. 

  • No Experience Needed

The users don’t need any knowledge in the fintech world, as the robots have all the required information. What’s more, the Smart Algo team can provide constant valuable recommendations for the trading newbies.

  • Full Automation

The Smart Algo robots trade non-stop 24/7, constantly providing clients with updates and making winning choices. This eliminates the constant need to sit in front of a monitor to follow the market.

  • Security

With the risk control system and the stop-loss algorithms, Smart Algo offers a convenient and reliable risk-to-profit ratio. The company also provides the highest protocols to prevent users from cryptocurrency hackers.

  • 24/7 Customer Support

For any questions, queries, or problems, users can refer to the company’s Customer Support that works 24/7/365 in order to provide clients with advice, recommendation, or helpful tips.

  • Affiliate Program

Smart Algo offers customers the opportunity to get additional profits via a multi-level Affiliate Program. By inviting friends, family, or colleagues to join Smart Algo, users benefit from a percentage of the commission, starting at a minimum of 8%. 

Clients are guaranteed higher payouts if the newly invited partners start their own affiliate network at a later stage.

How to Trade with the Smart Algo Robots

Smart Algo Solutions provides a straightforward and UX-friendly cryptocurrency trading process:

  1. Create an account with Smart Algo. 
  2. Verify your email address.Additionally, you can install a two-factor authentication for the full safety of your trading accounts. 
  3. Then, verify your identity by filling in your first and last name, address, valid phone number, and photo ID.
  4. Once this information is verified, you can invest using credit or debit cards, BTC, or altcoins.
  5. Start trading securely and monitor your results in your dashboard. 

Smart Algo’s Investment Packages 

Registration at Smart Algo is free of charge. After passing a short sign-up process, users can choose the most convenient investment package for their wallets. Depending on the level chosen, clients receive 40%, 60%, 65%, 75%, 90%, and 100% profit accordingly.

Conclusion

Smart Algo is considered to be a leading trading platform, providing advanced AI-based robots. The platform is incredibly user-friendly, so clients can easily create a free account and choose the desired investment package for further passive income generation. 

The Smart Algo services are safely developed to help clients maximize their profits while minimizing risks. Catch the moment and try the Smart Algo trading robots for experiencing stable, easy, and safe gains.

Smart Algo’s Useful Resources

 

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