JPM Sees Crypto Retail Demand Improving, End of 'Intense' Deleveraging Phase
Demand for crypto is improving and the intense deleveraging phase appears to be behind us, according to JPMorgan (JPM). Source
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Retail
Crypto Lender Celsius’s Retail Customers May Bear Brunt of Bankruptcy
“In particular, Celsius has pointed out in its pleadings that customers transferred ownership of crypto assets to Celsius, making those customers unsecured creditors. This detail may undercut customer expectations, who thought they were depositing their assets into a construct similar to a traditional bank,” Gwen added. Source
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Singapore's Central Bank Weighs Further Safeguards on Retail Crypto Trading
The Monetary Authority of Singapore (MAS) is considering introducing further safeguards on access to crypto among the general public, a senior government minister said. Source
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Coinbase Launches First Crypto Derivatives Product Tailored Towards Retail Traders.
In the midst of a collapse in the market for digital assets, cryptocurrency exchange Coinbase is launching a derivatives product next week. On June 27, Nano bitcoin futures, the exchange's first listed product, will go live. Investors will be able to purchase contracts linked to the potential value of a
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Coinbase Launches First Crypto Derivatives Product Aimed at Retail Traders
The CFTC regulated futures exchange will launch its derivatives product, Nano Bitcoin futures (BIT), on June 27, according to a statement sent to CoinDesk. “The crypto derivatives market represents $3T in volume worldwide and we believe that additional product development and accessibility will unlock significant growth,” the statement said. Original Source
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Market Wrap: Crypto Bounce Loses Steam Amid Retail Sell-Off
The price of bitcoin and other major cryptocurrencies fell amid testimony by U.S. central bank Chair Jerome Powell, who said a recession might not be avoidable. Original Source
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Binance resumes withdrawals as many retail crypto investors monitor exchanges
Major crypto exchange Binance has announced that it had resumed Bitcoin withdrawals after more than three hours amid extreme market volatility. In an update during what many are calling cryptocurrency’s "Black Monday," Binance said on its website the exchange would be processing Bitcoin (BTC) network withdrawals within “the next couple of
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Dubai’s Retail Giant Majid Al Futtaim Accepts Crypto at 29 Shopping Malls and 13 Hotels in Partnership With Binance – Featured Bitcoin News
Leading shopping mall operator Majid Al Futtaim has partnered with Binance to accept cryptocurrencies at its malls and other properties. “Majid Al Futtaim is one of the most prestigious businesses in the Middle East and has millions of customers every year,” said the CEO of Binance. Majid Al Futtaim Dives Into
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Singapore’s Deputy Prime Minister Advises Retail Investors to Steer Clear of Cryptocurrencies – Regulation Bitcoin News
Singapore’s deputy prime minister has advised retail investors to steer clear of cryptocurrencies, citing that they are “highly risky.” He stressed, “We cannot express this enough.” Singapore’s Deputy Prime Minister Warns About Crypto Singapore’s Deputy Prime Minister Heng Swee Keat reportedly warned retail investors against investing in cryptocurrency Tuesday while speaking at
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Aussie banks ANZ and NAB won’t ‘endorse’ retail speculation on crypto
Executives at two of Australia’s “big four” banks have ruled out allowing retail customers to trade cryptocurrency on their platforms, with one reasoning that customers don’t understand “basic financial well-being.”Speaking at the Australian Financial Review Banking Summit on Tuesday Maile Carnegie, executive for retail banking at Australia and New Zealand
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