After weeks of reduced volatility, cryptocurrencies like Bitcoin (BTC) are likely to see sharp price changes in the short to medium term, according to one analyst. The current situation in cryptocurrency markets could potentially generate “explosive volatility” due to massive leverage and recent low volatility, Arcane Research analyst Vetle Lunde suggested. Lunde pointed to “leverage bonanza,” or leverage going parabolic in the crypto derivatives market, while Bitcoin has continued to hover around $19,000 over the past few weeks. In crypto trading, leverage refers to using borrowed funds to make trades in order to profit bigger through contracts like perpetual swaps. …

Crypto exchange Blockchain.com has become the latest crypto company to secure preliminary approval from Singapore’s central bank to provide Digital Payment Token services in the city-state. Blockchain.com’s regulatory approval follows hot on the heels of Coinbase, which revealed it had received the same “in-principle” approval from the Monetary Authority of Singapore (MAS) on Oct. 11. If officially approved, Blockchain.com would join the likes of already licensed companies forDigital Payment Token services including crypto exchanges DBS Vickers and Independent Reserve, digital payment solution provider FOMO Pay, and crypto-friendly payments app Revolut, among others. Blockchain.com CEO and co-founder Peter Smith commended the …

Coinsquare, Canada's longest-operating crypto asset trading platform, announced Wednesday that the Investment Industry Regulatory Organization of Canada (IIROC) had approved its dealer registration and IIROC membership. This regulatory status will now position Coinsquare as the first crypto-only IIROC-registered investment dealer and marketplace member in Canada. The Coinsquare team wrote: "In dealing with an IIROC registrant, Coinsquare clients now have the added comfort and security of knowing that Coinsquare is operating at the highest level of dealer compliance and oversight under the existing regulatory system." With the regulation, Coinsquare's client funds will be fully segregated and kept by licensed and insured …

The United States Federal Reserve has been aggressively hiking rates in an attempt to cool down inflation and that has kept the U.S. equities markets under pressure. Investors have been closely watching the inflation figures for early signs of topping out but to no avail. Wholesale prices rose 0.4% in September, exceeding the Dow Jones' estimate for a 0.2% gain. This suggests that inflation is yet to respond to the Fed’s monetary tightening. All eyes will now be fixed on the consumer price index data to be released on Oct. 13. Equity traders can expect volatility to pick up following …

Digital asset exchange Crypto.com has chosen Paris, France as the center for its European headquarters and has invested $145.7 million in the country to establish the new operations. The Singapore-based crypto exchange announced Wednesday that its new regional headquarters reflects its “long-term commitment to France” and that it plans to hire local talent to support its European operations. Additional resources will be allocated to advancing Crypto.com’s brand presence through customer engagement and education initiatives. Bonjour Paris We’re excited to deepen our commitment and presence in France, by making Paris our new European regional HQ Full details:https://t.co/nBoixpyMHi pic.twitter.com/EhkbKYUOZQ — Crypto.com (@cryptocom) …

The Singapore-based arm of the United States cryptocurrency exchange Coinbase has received “in-principle approval” to provide crypto services in Singapore from its central bank, the Monetary Authority of Singapore (MAS). Speaking to Cointelegraph, Hassan Ahmed, CEO of Coinbase Singapore and the exchanges’ regional director for Southeast Asia, said Singapore is a key institutional market for the exchange in Asia due to businesses there continuing to show interest in and gain exposure to crypto. The city-state also serves as Coinbase’s Asia-Pacific tech hub, with an on-the-ground team of engineers responsible for its international expansion efforts and platform localization, said Ahmed. Coinbase …

FTX CEO Sam Bankman-Fried announced in a series of tweets that, over the next month, the exchange is expected to roll out various improvements to its matching engine. 3) We'll be rolling out a whole new order matcher, lower latency API pathways, and a whole slew of other features. These have been in the works for most of the year. They're almost ready to release. — SBF (@SBF_FTX) October 10, 2022 According to the CEO, the exchange will roll out “a new order matcher, lower latency API, and a whole slew of other features” that have been in the works …

The United States equities markets have started the week on a weak note as investors remain unconvinced that the Federal Reserve will pull back its aggressive monetary policy. The Nasdaq Composite index fell to its lowest level since September 2020. All eyes will be fixated on the U.S. Consumer Price Index data for September to be released on Oct. 13 as that could influence the Fed’s decision on the size of the rate hike in the next meeting in November. Depending on how the market perceives the reading, legacy markets and the cryptocurrency markets may witness a pick up in …

Hedging against downside has always been a challenge for Bitcoin BTC miners, and the current bear market is a perfect example of how energy prices and crypto market volatility can negatively impact miners’ profit margins and their ability to stay solvent. Oftentimes, institutional and retail traders use BTC-, stablecoin- and U.S. dollar-settled derivatives (options and futures contracts) to create hedging strategies that mitigate downside in Bitcoin price, and now an instrument specific to Bitcoin mining is available to miners. The Oct. 10 launch of Luxor Hashprice NDF, a non-deliverable forward contract, will allow miners to hedge their exposure to Bitcoin …

Analysts who closely monitor traditional markets have started calling for a volatility spike in cryptocurrencies due to dire macroeconomic conditions. Signs of stress coming from credit markets took investors by surprise after the British pound hit a record low against the U.S. dollar on Sept. 26 and liquidity concerns surrounding major global banks like Credit Suisse and Deutsche Bank are boosting traders’ bearish sentiments. According to the Labor Department, unemployment in the United States reached 3.5% in September, the lowest in 43 years. Although that might sound positive at first mention, it indicates that the economy continued to overheat despite …

Institutional interest in cryptocurrencies is rising as the industry continues to mature. And now, a long-established exchange has announced that it's launching a dedicated service to cater to this growing market — as well as high net worth individuals. Coinhako says trading volumes among institutional investors have surged on its platform — and in the first six months of 2022, they were 300% higher than the same period last year. Despite the volatility that has engulfed cryptocurrencies and equities alike over the summer, the company has also seen a 50% increase in average trade amounts. Coinhako Treasures will aim to …

The United States nonfarm payrolls increased by 263,000 in September, marginally below the Dow Jones estimate of 275,000, but the unemployment rate dropped to 3.5% compared to the forecast of 3.7%. Some analysts believe the report shows that the jobs market remains strong in spite of the Federal Reserve’s efforts to slow down the economy and that could encourage the Fed to go ahead with another aggressive rate hike in its next meeting in November. This led to a sharp fall in the U.S. equities markets on Oct. 7. Although Bitcoin (BTC) has traded in close correlation with the U.S. …