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According to the filing, the group’s cryptocurrency is deposited in custodial accounts rather than the yield-generating “Earn” product. This means Celsius should have held the funds in segregated storage on behalf of the group’s members, who retain title to the funds, according to the filing. Because of this, the filing
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Derivatives marketplace Chicago Mercantile Exchange Group has launched trading for Bitcoin euro and Ether euro futures contracts.In a Monday announcement, CME Group said that it launched contracts for euro-denominated Bitcoin (BTC) and Ether (ETH) futures sized at 5 BTC and 50 ETH per contract. Both contracts will be listed on
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The Singapore-headquartered Lightnet said it will use the funds to boost Web3 and cross-border payments through the Velo protocol, and expand the protocol's technology. The firm has the option increase the total commitment to up to $100 million over the next three years. Original Source
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Chinese technology company Ant Group, the developer of Alipay, one of China's largest digital-payment platforms, is working with Kenanga Investment Bank on Malaysia's first "SuperApp," which will include crypto trading, e-wallets and portfolio management. Source
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Malaysia continues accelerating its pace of cryptocurrency adoption as one of the major local banks is moving into cryptocurrency trading as part of its default banking offerings.Kenanga Investment Bank Berhad, one of the largest private investment banks with more than 500,000 customers, has partnered with China’s tech giant Ant Group
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Celsius customers in nine U.S. states received a message from the firm back on April 15 stating that because they were not accredited investors, they would not be eligible for custody accounts. These customers were told that if they wanted to remain in the Earn program they could be grandfathered
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Three days before Ethereum’s transition from proof-of-work (PoW) to proof-of-stake (PoS), the world’s largest derivatives marketplace in terms of volume, CME Group, announced plans to list ethereum options. While CME’s ether options product prepares for regulatory review, the company detailed that the options contract will be measured at 50 ether
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Major derivatives marketplace Chicago Mercantile Exchange Group intends to launch options trading for its Ether futures products.In a Thursday announcement, the CME Group said that subject to regulatory review, it plans to launch options contracts for its Ether (ETH) futures, sized at 50 ETH per contract. The futures options, expected
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"As we approach the highly anticipated Ethereum Merge next month, we continue to see market participants turn to CME Group to manage ether price risk," Tim McCourt, global head of equity and FX Products at CME Group said in the statement. "Our new Ether options will offer a wide array
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The capital will help build projects on Odsy Network, a new layer 1 blockchain focused on decentralized wallet access. Source
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