product

Brian Armstrong responds to SEC threats to shut down Coinbase yield product

Brian Armstrong responds to SEC threats to shut down Coinbase yield product

Crypto exchange Coinbase CEO Brian Armstrong responded Tuesday evening to planned enforcement by the U.S. Securities and Exchange Commission pertaining to the firm’s recently announced yield-generating product. The firm, which went public on the Nasdaq stock exchange in April, received a subpoena by the SEC less than three months after it announced to the market …

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Nvidia estimates $150 million in revenue from new crypto mining product in Q1 of 2022 fiscal year

Nvidia estimates $150 million in revenue from new crypto mining product in Q1 of 2022 fiscal year

Computing hardware maker Nvidia is projecting as much as $150 million in revenue for its crypto mining-specific product line during the first quarter of the firm’s 2022 fiscal year. The $150 million revenue estimate was included in an April 12 release, which came months after the firm confirmed that it would produce and sell so-called …

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Deutsche Borse Exchange to List New Bitcoin Exchange-Traded Product

Deutsche Borse Exchange to List New Bitcoin Exchange-Traded Product

London-based investment firm ETC Group plans to list a bitcoin-backed security on the German electronic trading market later this month.  The firm announced Tuesday the exchange-traded product (ETP), called the Bitcoin Exchange Traded Crypto (BTCE), is the world’s first centrally cleared derivative crypto asset, and would be listed on Deutsche Borse’s Xetra market based in …

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Bitcoin’s halving breathes life into CME’s options product with new accounts rapidly growing

Bitcoin’s halving breathes life into CME’s options product with new accounts rapidly growing

Bitcoin’s halving appeared to have fueled a surge in a trading product at one of Wall Street’s most important financial institutions. Trading volumes and open interest in CME Group’s bitcoin options product has surged since the event last Monday, which saw the number of bitcoins produced with each transaction block falling from 12.5 BTC to …

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