Liquid, a Japanese cryptocurrency exchange, is introducing Bitcoin perpetuals with 100:1 leverage ratio. The exchange is the latest one that is adding the Bitcoin product to its platform. The difference between futures and perpetual contracts is that unlike futures, perpetuals do not have an expiry date. As stated by Liquid, a perpetual contract also does…
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The cryptocurrency industry may be gaining worldwide recognition from top regulators and financial institutions. The global community, represented at WEF 2020, seems to be warming up to the crypto industry and steps are now taken to shape the sector and help it grow. The 2020 World Economic Forum that took place in Davos announced the…
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The financial regulator in Singapore, the Monetary Authority (MAS) has just announced the introduction of the Payment Services Act (PSA), which aims to serve as the new regulatory framework for cryptocurrency payments. The new framework will promote and boost the consumer confidence in transaction with digital assets, believes the regulator. The legislation was passed in…
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Although Facebook is going forward with their cryptocurrency project Libra (although it was delayed several times), some of the project's key members have continued to leave. After Mastercard and PayPal withdrew as members of the Libra Association, Vodafone is the latest member to leave Facebook's cryptocurrency project. The news comes directly from The Libra Association…
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Huobi Group announced that it's expanding into brokerage services that target institutional investors in the cryptocurrency sector. The platform called Huobi Brokerage was unveiled during WEF 2020 in Davos. The new business line will become part of the Group's Global Institutional Business (GIB) that Huobi launched last November to monitor its institution-related businesses. The institution…
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Visa has just announced on Monday, January 20, that is has agreed to acquire Plaid. Inc, a fintech privately held startup for $5.3 billion, as reported by local news outlets. Through the acquisition, Visa will have greater access to the ever-expanding fintech space, a fact that has increased competition and the M&A activity in the…
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Cryptocurrency exchange Zipmex, based in Singapore, has been awarded a license from the Thai SEC to start offering its services in Thailand. The information comes from The Block on January 20, 2020. Zipmex is now one of the very few crypto players in Thailand that has a license to offer its crypto trading services to…
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PayPal has completed the acquisition of the deal-finding browser add-on company Honey Science Corporation in a $4 billion deal. This is the largest acquisition for the company in its 20-year history. The e-commerce startup Honey has around 17 million active users per month for whom it provides deal-browser extension services to navigate them through the…
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SFOX (San Francisco Open Exchange) announced last week that it will launch separately managed account solutions for fund managers to create their own cryptocurrency portfolios. These new services will be made available to traders, service providers and cryptocurrency hedge fund managers. In addition, any traditional asset managers who are interested in investing in cryptocurrency assets…
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Some celebrities do not waste time when it comes to utilizing cryptocurrencies to the maximum. One example is Akon. The singer is reportedly building a city powered by a coin named after himself - Akoin. According to Business Insider, the singer tweeted that he had finalized an agreement to actually build what is called "Akon…
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