Month: July 2021

FTX reduces max leverage from 101x to 20x to encourage ‘responsible trading’

FTX reduces max leverage from 101x to 20x to encourage ‘responsible trading’

Sam Bankman-Fried, the CEO of surging crypto derivatives exchange, FTX, has slashed its maximum leverage in a move to promote responsible trading practices. 2576 Total views 5 Total shares Crypto derivatives exchange FTX has decided to curb risky trading by limiting the leverage available to its users. The exchange, founded by crypto billionaire Sam Bankman-Fried […]

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43% of Singaporeans own crypto, according to Independent Reserve survey

43% of Singaporeans own crypto, according to Independent Reserve survey

The inaugural 2021 Independent Reserve Cryptocurrency Index, or IRCI, is based on a poll of 1,000 Singaporeans from a representative background of gender, age and location. 4781 Total views 23 Total shares Cryptocurrency adoption is growing in Singapore, especially among younger generations looking to capitalize on the generational wealth potential of Bitcoin (BTC) and other […]

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Finding the sweet spot: Traditional financial institutions ready for DeFi

Finding the sweet spot: Traditional financial institutions ready for DeFi

Cryptocurrencies have been vying for the attention of large institutional investors for years and they’re finally getting the attention they wanted. Blockchain networks and their consensus mechanisms never made sense to the traditional investor, but decentralized finance, or DeFi? That’s something everyone’s looking to get behind. Traditional investors are more used to concepts like stocks […]

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