MIAX, a subsidiary of Miami International Holdings, completed its acquisition of LedgerX, a regulated exchange and clearinghouse. This move supports MIAX’s growth strategy, allowing for the expansion of its capacity to introduce innovative products into the swaps and futures industry.
Search Results for: ledgerx
LedgerX Sale Amid FTX Bankruptcy: Impact on Crypto Exchange Trust and User Vulnerability
The bankruptcy court approved the sale of LedgerX to M7 Holdings in FTX’s Chapter 11 proceedings, signaling hope for investors seeking to recover investments. This highlights the need for vigilance and consideration of risks surrounding crypto exchanges, given potential credibility and safety issues.
FTX Considers Offloading $500M Anthropic Stake: AI’s Pros, Cons, and the Future of Investments
FTX is reportedly considering offloading its $500 million stake in generative AI start-up Anthropic amid financial troubles. The rapidly growing technology faces challenges like AI “hallucinations” generating false information, raising concerns and causing uncertainty in investments.
CFTC Advisory on Digital Assets: Balancing Innovation and Compliance in Blockchain Future
The CFTC issued a staff advisory to derivatives clearing organizations, emphasizing compliance in areas related to digital assets: system safeguards, conflicts of interest, and physical deliveries. These concerns highlight the balance between fostering innovation in the digital asset space, and protecting investors and businesses. Regulators’ efforts contribute to a more secure and sustainable ecosystem for digital assets.
CFTC’s Advisory on Digital Asset Clearing: Balancing Innovation and Regulation
The CFTC issued an advisory warning firms about risks in clearing digital assets amid heightened interest by DCOs in expanding products and services related to digital assets. The advisory highlights potential cyber risks and emphasizes reviews of physical settlement arrangements, underscoring the importance of regulatory compliance as digital assets become mainstream.
CFTC’s Crypto Advisory: Balancing Opportunities with Growing Risks in Digital Asset Transactions
The CFTC urges firms to exercise caution and mitigate potential risks in clearing digital asset transactions, addressing novel risks in the expanding crypto market. The advisory highlights concerns such as conflicts of interest, cyber threats, and managing the physical delivery of digital assets.
Coinbase’s Global Derivatives Platform: Impact on Crypto Regulations and Bermuda’s Crypto Hub Ambitions
The crypto exchange Coinbase unveiled the Coinbase International Exchange (CIE), an institutional platform for crypto derivatives trading. Launching in Bermuda, CIE will initially list Bitcoin and Ether perpetual futures, with all trading settled in USD Coin. This development could impact future cryptocurrency regulations and influence jurisdictions like Bermuda seeking to attract crypto businesses.