In recent years, futures have started to play a pivotal role in the crypto markets. Yet if many of us were asked to explain what perpetual futures are, we'd break out into a cold sweat. Andrew Weiner, VP of MEXC, is on hand to explain how crypto futures work, what they're used for, and provide some fascinating statistics about how large this market actually is. 1. Hello! First off… can you give us a basic definition of what crypto futures are? So basically, a futures contract is an agreement to buy or sell a commodity, currency or another instrument at …

United States prosecutors have opposed a motion by a former employee of nonfungible token (NFT) marketplace OpenSea to remove “insider trading” references from his charges. Prosecutors said the phrase accurately describes the crimes the former OpenSea product manager Nathaniel Chastain is accused of in a memo filed on Oct. 14. It was responding to a motion by Chastain to stop referring to the phrase on Oct. 3, according to Law360. Chastain was charged in June for allegedly buying 45 NFTs from June to September 2021 through anonymous wallets and selling them for a profit. He allegedly used his position at …

Bitcoin’s (BTC) lack of volatility has been the dominant discussion point among traders for the past two weeks and the current sideways trading within the $18,000 to $25,000 range has been in effect for 126 days. A majority of traders agree that a significant price move is imminent, but exactly what are they basing this thesis on? Let’s take a look at three data points that predict a spike in Bitcoin volatility. Muted volatility and seller exhaustion According to Glassnode research, the “Bitcoin market is primed for volatility,” with on- and off-chain data flashing multiple signals. The researchers note that …

Decentralized exchanges (DEXs) first appeared in the cryptocurrency industry in 2014, allowing users to trade a wide number of assets peer-to-peer. However, the first iterations of these platforms could be difficult to use. But, since their inception, developers have worked to make them easier and more accessible for users. Decentralized exchanges work by using smart contracts to fulfill orders placed by traders, allowing users to trade directly with each other instead of relying on a centralized platform. Unlike a centralized exchange (CEX), when traders engage with a DEX, their funds are not stored on the exchange. Instead, users initiate trades …

Mastercard officially announced on Oct. 17 a new program to enable financial institutions to bring crypto trading capabilities and services to their customers. Called “Crypto Source,” the program is designed to allow users to buy, hold and sell cryptocurrencies, complemented by Mastercard’s proprietary Crypto Secure solution for additional security and compliance. The tool is launched in cooperation with Mastercard’s existing partner Paxos Trust Company and is reportedly expected to launch in Q4 2022. Paxos is known for providing similar services to global payment giant PayPal, which launched its first crypto services in late 2020. Within the new partnership, Paxos will …

Mexico is the second-largest recipient of remittances in the world, according to 2021 World Bank statistics. Remittances to the nation jumped to a record $5.3 billion in July, which is a 16.5% increase year-over-year compared to the same period last year. The steady growth presents myriad opportunities for fintech companies. Not surprisingly, droves of crypto companies are setting up shop in Mexico to claim a share of the burgeoning remittance market. Over the past year alone, about half a dozen crypto giants, including Coinbase, have set up operations in the country. In February, Coinbase unveiled a crypto transfer service tailored …

Time waits for no one and financial markets are no exception. Especially in the uncharted territory of cryptocurrency trading, keeping up with the fast-paced changes in prices is key to success. A plethora of cryptocurrencies, a few viable trading strategies and numerous tools accessible to new traders may all cause confusion. Fortunately, technology has made it possible to automate several trading processes, including market analysis, predicting trends and order execution. This frees up more time for strategic planning and establishing a solid foundation for long-term cryptocurrency trading success. What is automated crypto trading? Automated crypto trading, sometimes called automated cryptocurrency …

Achieving mass adoption of cryptocurrencies remains a burning issue — and we'll be discussing this in depth during Cointelegraph's latest live ask-me-anything session. Joining us on YouTube is XGo's head of product Josh Cowell. He’s from a digital asset management portal that wants everyone to realize the full potential of cryptocurrency. XGo is founded by crypto enthusiasts and experienced fintech leaders, and he describes it as a Web2.5 bridge with an ambition to onboard the next 100 million users to Web3. Josh's background is fascinating, and he began championing blockchain technology and cryptocurrencies back in 2010… not long after Bitcoin …

Digital asset manager CoinShares has launched an experimental Twitter bot that will, in theory, enable users to check the estimated fair market value of specific nonfungible tokens (NFTs), though a few have been less than enthused about the estimates given. The firm announced the bot dubbed “CoinSharesNFTAI” via Twitter on Oct. 13 and outlined that its algorithm is focused on aggregating different data sets from OpenSea to determine the supposed “fair price” of an NFT. [1/4] We are very excited and proud to announce the official launch of @CoinSharesNFTAI. A simple tweet can let you know how much an NFT …

Members of the United Kingdom’s House of Lords have introduced legislation aimed at eliminating the need for paper trade documents, increasing the likelihood of using blockchain technology to trace records. In an Oct. 12 announcement, MP Michelle Donelan and the U.K. Department for Digital, Culture, Media and Sport said the Electronic Trade Documents Bill had been introduced in the country’s parliament. The legislation proposed removing “needless paperwork and bureaucracy” by making digital documentation legally recognized for trade. “Electronic trade documents also increase security and compliance by making it easier to trace records — for instance, through the use of blockchain …

FTX CEO Sam Bankman-Fried announced in a series of tweets that, over the next month, the exchange is expected to roll out various improvements to its matching engine. 3) We'll be rolling out a whole new order matcher, lower latency API pathways, and a whole slew of other features. These have been in the works for most of the year. They're almost ready to release. — SBF (@SBF_FTX) October 10, 2022 According to the CEO, the exchange will roll out “a new order matcher, lower latency API, and a whole slew of other features” that have been in the works …

As the all-time highs from the last two-year bull market dissipate and it seems like a new bear market is settling in, only those talented individuals with strong convictions can find the motivation to devote themselves full-time to Web3, blockchain and crypto. During the good years of a crypto market on the rise, many curious professionals with an interest in disruptive tech have flirted with the idea of working for startups in the space. Demand for talent usually outpaces the supply, as there is a limited amount of people with the experience required to navigate this fast-paced industry and willing …