Exchange Australia-based crypto exchange Independent Reserve is looking at opportunities to set up shop in Hong Kong, as the city continues efforts to become a cryptocurrency hub. Set to take effect in June, the Hong Kong Securities and Futures Commission (SFC) released a proposed licensing regime for cryptocurrency exchanges on Feb. 20 in line with…
Bitcoin Notional open interest on the largest centralized crypto derivatives exchange hit a record high Wednesday, with demand for bitcoin options leading the way amid a turbulent time for the traditional finance industry. Deribit’s notional open interest on the platform exceeded $20 billion Wednesday, according to the company. Most of that was attributed to $11.7…
Analytics Fed Chair Jerome Powell admits the central bank considered a pause in the past few days, but ultimately it chose to increase the Fed Funds target rate by 25 basis points. Inflation projections are still too high, and the Fed isn’t ready to waver yet, according to Powell. There’s a long way to go,…