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FTX US will not charge commissions or trading fees in keeping with the low-cost brokerage model that Robinhood (HOOD) rode to fame. it will not monetize traders’ orders by selling the flow to high-frequency traders, a controversial practice called payment for order flow for which Robinhood has been criticized. Original Source
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Shares of crypto broker Voyager Digital were downgraded to neutral from buy by boutique investment firm Compass Point, which cited headwinds across the crypto industry and which questioned how the trading platform's retail investors will fare during the market rout. Original Source
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“I maintain that the trade in crypto derivatives should be restricted to wholesale trade,” said Paul-Willem van Gerwen, head of Capital Markets and Transparency Supervision at the Dutch Authority for Financial Markets (AFM). He cited the risks of markets that are opaque, and prone to manipulation and other criminal activity. Original
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Binance’s Changpeng Zhao (CZ) has said the exchange supports the proposal to compensate retail LUNA users ahead of larger investors. He also said the LUNA tokens received by Binance in exchange for a $3 million investment in Terra have not been sold or moved. Binance’s LUNA Tokens Not Sold After his
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Even though the cryptocurrency market seems to be going through a bit of a lull at the moment, there’s no denying the fact that the industry has grown from strength to strength over the last few years, especially from an adoption perspective. To this point, a recent study revealed that the
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The Italian luxury brand plans to expand the payment mechanism nationwide. Source
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"There’s a fascinating discussion to be had about whether what Hwang did was full-blown fraud, but I won’t bother trying to outdo Matt Levine on that front. Instead, I want to focus on the financial mechanics of what Archegos was up to, and why it’s extremely important for cryptocurrency holders
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Crypto isn’t alone in having structural problems: Fraudulent credit card transactions and ID theft increased by 35% during the coronavirus pandemic and small, independent businesses remain some of the greatest affected. Mobile device crypto payments could be a step towards security there: because they are customer-led transactions, rather than routing
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The CEO of Singapore's DBS Bank said in a recent earnings call that his bank’s focus is on expanding its crypto offerings to accredited and institutional investors and will consider opening up a retail line when regulators and the technology is ready. Original Source
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“Bitcoin has risen in price several times, with its investment threshold becoming higher for new users," explained Johnny Lyu, CEO of KuCoin, in a Telegram message. "But many new cryptocurrencies known as altcoins have appeared since, which, according to users, can be more attractive as investments." Original Source
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