Derivatives-focused exchange BitMEX plans to offer futures contracts for a potential Ethereum hard fork.
| August 08, 2022 | August 8th |
| | | 📈 30 Second Cryptocurrency Price Summary |
| Bitcoin price has made another advance over the last 24 hours, currently hovering around the $24,000 level to begin the week. |
| Top-20 altcoins have also done well, as Ethereum gains 4%, XRP rises 2% and Polkadot sees a 5% advance. |
Top Stories for August 8, 2022 🔥 |
| Derivatives-focused exchange BitMEX plans to offer futures contracts for a potential Ethereum hard fork – collateralized with Tether (USDT) and trading under the ticker "ETHPOW". |
| Major proof-of-work (PoW) proponent Chandler Guo has launched a campaign in opposition to the upcoming Ethereum Merge, planning to launch and support a PoW fork of the network. |
| BitMEX launches ETHPOWZ22 futures tomorrow, with maximum leverage of 2x and expiry at December 30 2022. |
| Retail trading app Robinhood has listed Avalanche and Stellar Lumens to its platform, bringing the total number of cryptocurrencies listed on the app to 15. |
| Both tokens jumped by more than 6% each within 24 hours of being listed, outperforming other tokens on the news. Aside from the listings, Robinhood has had a rough week of news – being hit with a $30 million fine from the NYDFS and laying off 23% of its employees. |
| Cryptocurrency giant Crypto.com has obtained registration licenses to operate in South Korea, via an acquisition of payments company PnLink Co. and exchange OK-BIT Co. |
| The licenses obtained were an Electronic Financial Transaction Act license and a Virtual Asset Service Provider license, which will enable Crypto.com to legally bring its products and services to the South Korean market. |
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