Crypto Futures Trading

2023-06-27 17:11:02 Binance reverses decision to delist privacy coins in Europe

Binance has decided to reverse its plan to delist several privacy coins in Europe after revising operations to comply with local regulations. It also commented that since it operates as an exchange registered in various European Union jurisdictions, it is “obliged” to follow local regulations that require exchanges to “be able to monitor transactions for coins listed on our platform.“ Initially, Binance was to delist privacy tokens for users in France, Italy, Spain and Poland, rendering them unable to buy or sell 12 privacy tokens beginning on June 26.

The coins affected by the decision were to include: Decred (DCR), Dash,Zcash , Horizen (ZEN), PIVX (PIVX), Navcoin (NAV), Secret (SCRT), Verge (XVG), Firo (FIRO), Beam (BEAM), Monero and MobileCoin (MOB). However, since the decision has been retracted, various projects have taken to Twitter to reassure community members. These decisions from Binance come as the EU has been ironing out its standards for digital assets with its new Markets in Crypto-Assets (MiCA) regulations, which were signed into law on May 31. In July, the European Securities and Markets Authority plans to launch a MiCA consultation process, with the framework for the laws allowing an 18-month timeline to take full effect.

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2023-06-26 14:25:06 Binance Abu Dhabi’s Longman discusses UAE’s crypto boom

Dominic Longman, the senior executive officer of Binance Abu Dhabi, shared insights on the United Arab Emirates’ burgeoning digital assets landscape in an interview with Forkast’s Maha Shah. Amid a global backdrop of increased regulatory scrutiny, Longman clarifies the distinctions between various Binance entities. and the ongoing developments in the UAE’s crypto scene. Longman discussed the country’s unique regulatory approach, including innovation support provided by state entities, signifying a promising future for crypto in the region.

From a regulatory standpoint, you’ve got a huge amount of activity over the past number of years. There has always been a really strong focus on the crypto community way back from 2016 onwards, and it’s accelerating because you’ve got government support, and a huge amount of focus on this space just because it’s a growth area. Longman: It’s important to clarify that Binance.US is a separate business. Binance Abu Dhabi is a separate entity focused on providing custody services to institutional clients. We have always been committed to meeting regulatory requirements. We got the license back in November, and we’re now working with the regulator to get it live.

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2023-06-25 21:03:21 #BTC Support at $29700 - $30400 might act as a crucial level for future growth. However, if this level gets absorbed, the price may decline further towards $27k - $28k.

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2023-06-25 16:09:02 Coinbase Has Victory With Supreme Court Case On Customer Disputes Arbitration

Coinbase, according to Bloomberg, has won a case in the United States Supreme Court. The details of the case were not disclosed, but the verdict enhanced the company’s capacity to refer customer and employee issues to arbitration. The judges held, 5-4, that federal court litigation must be stayed while a defendant files an appeal that would send the matter to arbitration. Allowing district courts to proceed while the appeal is pending, said Justice Brett Kavanaugh for the court, would limit the advantages of arbitration.

The complaint also claimed that the business community has rallied behind Coinbase in the issue, claiming that continuing the action would be a needless expenditure. Consumer activists argue that judges should have the authority to select which claims are considered during appeals, just as they do in other areas of the law. Coinbase is fighting accusations made by Abraham Bielski, who believes the cryptocurrency business owes him $31,000 for giving a fraudster remote access to his account. Coinbase is accused in a second case before the Supreme Court of hosting a $1.2 million Dogecoin contest without fully disclosing that participants were not required to acquire or sell the cryptocurrency. Judge Ketanji Brown Jackson said in dissent that the majority conclusion “comes out of nowhere.”

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2023-06-24 18:01:02 Trader opens $4 million short on the TUSD stablecoin on Aave

A trader has opened an on-chain short position on the stablecoin TUSD after the issuer had to pause mints and redemptions through one of its banking partners, Prime Trust. An Ethereum user deposited 7.5 million USDC, another stablecoin, as collateral on Aave's V2 lending platform. They used this to borrow 4 million TUSD and immediately sold them for USDC, per on-chain data. Borrowing and immediately selling is a common tactic to take a short position on a specific asset.

The stablecoin's issuer TrueUSD announced earlier this month that it had halted the minting of new TUSD via its custodial partner, Prime Trust, Las Vegas-based trust company. More recently, the Nevada Department of Business and Industry’s Financial Institutions Division (FID) recently issued a cease-and-desist order against Prime Trust. TrueUSD said in a statement the Prime Trust situation does not impact its operations related to minting and redemption. “We have no exposure to Prime Trust and maintain multiple USD rails for minting and redemption," it tweeted. TUSD is the fifth largest stablecoin after Tether USD (USDT), USD Coin (USDC), DAI, and BUSD, with a market capitalization of just over $3.1 billion, according to CoinGecko.

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2023-06-23 20:51:33 #BTC The following 3 targets will close 1/3 of my whole position. The first target will yield a +35% profit. I will use this third for altcoins purchases, and to average down my position in Bitcoin.

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2023-06-22 20:33:22 Deribit Launching Bitcoin Futures And Options After Halving In 2024

According to CoinDesk, crypto options trading platform Deribit announced that it will launch BTC options and futures contracts expiring on June 2024, precisely at 08:00 UTC, Thursday, June 22, to meet the high demand of customers. According to Deribit, the world’s largest crypto options exchange by trading volume and open interest, preparations for the same have already begun, with investors looking to bitcoin futures and options that expire two months after the critical event is known to have a significant impact on the price of cryptocurrencies.

Crypto futures contracts are agreements between traders to buy or sell a particular asset at a possible price and on a specified date. Crypto options contracts provide the contract holder with the right but not the obligation to buy or sell an asset at a predefined price and date. Futures can be used to protect against potential market volatility. The basic purpose of options is to mitigate or lower the portfolio’s risk exposure. To make a leveraged optimistic or bearish wager on the underlying asset at a lesser cost, knowledgeable traders frequently purchase options or futures. According to Derbit, preparations for the halving have already begun, with investors looking for bitcoin futures and options expiring two months after the milestone.

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2023-06-21 16:28:51 Gemini expands Singapore hub as it looks beyond the US for crypto adoption

Gemini plans to increase its headcount in Singapore to more than 100 employees over the next year. The office will be the company's main hub for its ramped up plans to target the Asia market. Gemini is already in the middle of opening an engineering center in Gurgaon, India. It's also actively hiring there — with a focus on software engineers and technical product managers — hoping to make it the company's second biggest engineering hub after the U.S.

"Our Singapore office will serve as a hub for our larger APAC operations. We believe that APAC will be a great driver of the next wave of growth for crypto and Gemini," the company said in a blog post. The expansion plans are part of Gemini's wider push to access a non-U.S. audience. Gemini first detailed its plans for Gemini Foundation, a crypto derivatives exchange focused on customers outside of the U.S, in April. The foundation is destined to be based in Singapore, Fortune reported. The news comes as authorities in the U.S. crack down heavily on major U.S.-based crypto exchanges for listing cryptocurrencies it claims are unregistered securities.

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2023-06-21 11:25:02 #BTC Daily congratulations on the profits! Today's profit comes from spot trading. From the entry point, there is a profit of +16%. From the averaged entry point, there is a profit of +27%. Currently, the price is being pulled towards $29700 - $30400.

The direction we will take next will be determined at the resistance levels. After all, it was from these price levels that the price was brought down! If those levels are absorbed, it will be evident that the bulls have taken the initiative into their own hands.

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2023-06-20 19:57:31 #BTC Last night, the final target was reached! The remaining position closed with a +270% profit. Congratulations, my friends!

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