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London Stock Exchange’s LCH SA to Clear Bitcoin Futures and Options on GFO-X Through New Service

London Stock Exchange’s LCH SA to Clear Bitcoin Futures and Options on GFO-X Through New ServiceOn April 13, 2023, the London Stock Exchange’s LCH division, a clearing house group serving major international exchanges and a wide range of over-the-counter (OTC) markets, announced its plans to offer clearing of bitcoin index futures and options contracts traded on GFO-X. Frank Soussan, the business lead at LCH Digital Asset Clear, stated during the […]

Crypto Trader Says Under-the-Radar Altcoin on Cusp of New Leg Upwards, Updates Outlook on Bitcoin and Ethereum

Fintech Firm Galoy Raises $4 Million, Startup Introduces Bitcoin-Backed Synthetic Dollar Product

Fintech Firm Galoy Raises  Million, Startup Introduces Bitcoin-Backed Synthetic Dollar ProductOn Wednesday, Galoy, the firm behind El Salvador’s Bitcoin Beach Wallet, announced that the company raised $4 million in funding in an investment round led by Hivemind Ventures. On the same day, the startup launched a new product called Stablesats, a stablecoin concept that leverages derivatives contracts to create a bitcoin-backed synthetic dollar pegged to […]

Crypto Trader Says Under-the-Radar Altcoin on Cusp of New Leg Upwards, Updates Outlook on Bitcoin and Ethereum

Over $4 Billion in Bitcoin Options Set to Expire Friday, BTC Derivatives Markets Still Frothy

Over  Billion in Bitcoin Options Set to Expire Friday, BTC Derivatives Markets Still FrothyBitcoin options markets are set to see a large expiry on Friday as more than 77,000 BTC worth over $4 billion in derivatives contracts are set to expire. The lion’s share of bitcoin options stems from the derivatives trading platform Deribit, as the exchange has more than $11 billion in open interest today. Sizzling Hot […]

Crypto Trader Says Under-the-Radar Altcoin on Cusp of New Leg Upwards, Updates Outlook on Bitcoin and Ethereum