A brief digest of the brightest and most interesting news👇
📍Binance Exchange Launches Stablecoins Market
The main cryptocurrency exchange Binance renamed the market Tether (USDT) into the market of stablecoins (USDⓈ).
On November 15, the exchange announced the listing of the Circle payment company tied to the US dollar. Prior to this, Binance added support for Paxos tokens called PAX and TrueUSD (TUSD).
The coin, presumably, is 100 percent secured by US dollars, which are stored in accounts that are subject to public reporting of reserves. Coinbase president and chief operating officer, Asiff Hirji, said the company has issued “stablecoins” equivalent to the US dollar.
📍SEC is optimistic about Bitcoin-ETF
A representative of the US Securities and Exchange Commission (SEC), Hester Pierce, said that the cryptocurrency ETF "will definitely be approved."
Her statement may mean that the SEC is changing its position regarding Bitcoin-ETF, all applications for the launch of which was rejected by the regulator. However, Pierce noted that this is her opinion, and not the opinion of the entire Commission. The representative further noted that institutional investors and exchanges are making great efforts in the development of applications for Bitcoin-ETF, which sooner or later will bear fruit.
📍Bitcoin futures will be traded on Nasdaq
Nasdaq plans to launch Bitcoin futures next year, despite the ongoing bear market.
According to a representative of an investment management firm, the second largest stock exchange in the world is VanEck's partner for launching cryptocurrency products, including derivatives.
Nasdaq will not be the only bitcoin futures arena. The New York Stock Exchange Intercontinental Exchange also launches its own contracts.
The Commodity Futures Trading Commission, which regulates Bitcoin, approved only two cryptocurrency products: trading on the Chicago Stock Exchange and the Chicago Mercantile Exchange. This week, these derivative contracts reached their lowest level since their introduction in December.
The full format of news you can read on our website👉 https://goo.gl/mZvUaj
good news!