Someone familiar with the situation stated that the cost was below the $250 million that was spent on acquiring the custody firm Metaco back in May.
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Thodex, once among Turkey's leading cryptocurrency exchanges, abruptly ceased operations in April 2021, coinciding with the disappearance of its founder, Özer.
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Sen. Bill Hagerty, a member of the Senate Banking Committee from the Republican party, advocates for a more comprehensive examination of the relationship between the securities regulator and the digital assets sector.
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FAQs for Crypto Futures Exchange
What are crypto futures?
Crypto futures give investors the opportunity to bet on the future price of bitcoin without having to actually own or handle it. Futures are a type of derivative trading product. These are regulated trading contracts between two parties and involve an agreement to purchase or sell an underlying asset at a fixed price on a certain date.
Is cryptocurrency the future?
The future of cryptocurrency is the future of humankind, as long as things are done properly.
How will cryptocurrency be regulated in the future?
The Financial Services and Markets bill, which would bring digital assets under the scope of financial regulators, and the Economic Crime and Corporate Transparency bill, which would help authorities recover crypto linked to criminal activity, are still making progress despite the high-profile entrance and exit of former Prime Minister Liz Truss.
What are the expert predictions on the future of cryptocurrency?
Crypto prediction: According to The Ascent, Ric Edelman, founder of the Digital Assets Council of Financial Professionals, predicts that more than 500 million people worldwide will own Bitcoin by the end of 2022.
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