According to the CFTC, Binance and its founder Changpeng Zhao broke compliance regulations in order to gain users in the United States.

The Commodity Futures Trading Commission (CFTC) filed a complaint against Binance, its co-founder Changpeng Zhao, and its former chief compliance officer Samuel Lim in federal court in Illinois on Monday, alleging that Binance actively solicited U.S. users and subverted the exchange's own &qu...

CHINA'S FUTURES MARKET ROSE IN APRIL; TRUST ASSETS SHRANK IN Q1

Highlights –

• China's futures market rose in April; trust assets shrank in Q1.
• Net profits and operating revenue posted double-digit growth in April.
• China’s total trust assets reached 20.38 trillion yuan at the end of the fi...

SHANGHAI FUTURES EXCHANGE STEEL REBAR AND HOT ROLLED COIL FUTURES ROSE

Highlights –

• Shanghai Futures Exchange steel rebar and hot rolled coil futures rose.
• Shanghai Futures Exchange’s most traded construction rebar closed up 1.0% at 5,003 yuan.
• Hot rolled coil futures, jumped 1.5% to 5,467 yuan per...

BLACKROCK: SET TO TRADE-IN BITCOIN FUTURES

Highlights:

•      The global investment giant had already permitted two of its funds to trade in BTC

•      The firm’s bitcoin futures on CME appreciated

BlackRock, the investment giant has permitted ...

CFTC ALLEGES COINBASE ENGAGED IN SELF TRADING; THE EXCHANGE SETTLES ALLEGATIONS FOR $ 6.5M

Highlights:

• Coinbase allegedly indulged in self-trading to inflate its sales numbers on its app between 2015 -2018

• The exchange intends to go public

The US Commodity Futures Trading Committee has alleged that Coinbase had in...

BYBIT IS NOW THE 2ND LARGEST BTC FUTURE TRADING EXCHANGE GLOBALLY

Highlights:

•        The exchange is the  2nd largest BTC future trading platform by open interest

•        Bybit has offices across Asia

The Bitcoin frenzy is still alive and kickin...

BINANCE INVESTIGATED BY CFTC

Highlights:

•       The Commodity Futures Trading Commission (CFTC) monitors derivatives trading on crypto exchanges

•       There are no accusations against Binance 

Binance crypto exchange i...

BITCOIN RALLYING HIGHER THAN THE USD WITH 8% JUMP IN THE LAST 24HRS

Highlights:

•             BTC continues its rally

•             Structural changes in the way BTC operates is ensuring its sustainability in the fu...

CME LAUNCHES LIVE ETH FUTURES TRADING

Highlights:

•             The trading went live on Sunday

•             Since its launch the exchange has already traded 77 contracts

The...

TOKYO STOCKS OPEN LOW AGAINST U.S STOCK FUTURES ON FRIDAY MORNING

Highlights –

• Tokyo stocks open low against U.S stock futures on Friday morning.
• The 225-issue Nikkei Stock Average fell 51.79 points.
• Topix index of all First Section issues on the TSE was down 1.25 points.
• Stock issues saw...

TWO BLACKROCK FUNDS TO INVEST IN BITCOIN FUTURES

Highlights:

• The investment giant thinks Bitcoin futures has potential
• The organization never hinted at their interest in cryptocurrency in the past

BlackRock Global Allocation Inc. And BlackRock Funds V, funds under BlackRock, shall be investing in B...

JAPAN EXCHANGE GROUP INC. COMMODITIES FUTURES BOURSE OPENS IN OSAKA

Highlights –

• Japan Exchange Group Inc. commodities futures bourse opens in Osaka.
• Trading in commodities including gold at the Osaka Exchange unit.
• Gold futures reported an all-time high of $62 per gram.
• The exchange unit ...

ALL THE MARKET AVERAGES IN GREEN AS THE MARKET STARTS TRADING IN THE THIRD QUARTER

All the MARKET AVERAGES IN GREEN AS THE MARKET STARTS TRADING IN THE THIRD QUARTER

Highlights: 

• Tesla gains 6% 
• Uber gains after the news that it will but Postmates

Monday marked the full trading week of the third quarter. In spit...

MARKET SURGES ON HOPE AS DEXAMETHASONE SHOWS PROMISE AS A COVID CURE

Highlights:

• Dexamethasone is a cheap medicine used for various treatments like an allergic reaction, skin problems, inflammation etc.

• This medicine was proved to show results in a study conducted by an Oxford team

Not...

LEAN HOG FUTURES SLUMPS AMID US-CHINA TRADE TENSIONS

Highlights:

• The lean hog futures slump with the escalating trade tensions between the US and China. 
• China asked its state-owned firms to halt the purchases of soybean and pork from the United States. 
• The wholesale pork prices al...

CRUDE OIL STORAGE: A JACKPOT HITTING BUSINESS TODAY

Highlights:

• Crude oil is more than in abundance today
• With pandemic shutting down economies and travel, there is an urgent need for storage
• Oil tankers and crude oil storage firms are enjoying one of the best periods in their businesses  

FALL IN CRUDE OIL PRICES RESULTED IN RIL SHARES SLUMP TO 52-WEEK LOW

Highlights:

• RIL share fell to 9% which is marked as the 52-week low.
• The crude oil prices slumped after a price war between Russia and Saudi Arabia.
• Oil prices are down by around 50 percent from its high in January.

On Thu...

US STOCK FUTURES TUMBLE BY 4% AMID CORONAVIRUS FEARS

Highlights:

• US futures have tumbled by more than 4%.
• S&P 500 index fell by 4.2% and settled at 2839.
• PIMCO has warned clients that a mild and short recession could worsen the economic condition.

The US equity markets h...

GOLD CUT GAINS AS INVESTORS BOOKED PROFITS

HIGHLIGHTS

• Spot gold increased 0.4% at $1,645.59 per ounce.
• Gold will be targeted at $1,700 an ounce level over the next few weeks.
• U.S. gold futures prices changed a little at $1,642.50.

On Monday Spot gold increased by 0...

RUPEE SETTLED AT 71.56 AGAINST THE GREENBACK

Highlights:

• The rupee experienced a drop of 24 paise against the US dollar.
• The dollar index gained by 0.15 percent and settled at 99.15.
• 10-year government bond yields at 6.39 percent.

On Tuesday, the Indian currency at t...