March Madness has proven a compelling watch thus far, with some of the nation’s finest talents etching their names into the hallowed walls of posterity with standout showings. There isn’t too much time left in the tournament. Just four teams remain after the dust settled: No. 1 UConn, No. 1 Purdue, No. 4 Alabama and […]
Federal Reserve Chairman Powell Says No Intention to Ban or Limit Use of Cryptocurrencies
Federal Reserve Chairman Jerome Powell confirmed during a hearing before the House Financial Services Committee that he has no intention to ban or limit the use of cryptocurrencies. He also commented on the regulation of stablecoins. Powell Says ‘No Intention to Ban’ Crypto The chairman of the Board of Governors of the Federal Reserve System, […]
FTX Slashes Leverage Limit from 100x to 20x — Community Suspects Competitors Will Follow Example
FTX CEO Sam Bankman-Fried told his Twitter followers on Sunday that his crypto exchange has lowered its margin trading limit from 101x to 20x. Prior to the change, FTX supported 50x, 100x, and 101x leverage but Bankman-Fried said these high leverage positions represent “a tiny fraction of volume.” FTX CEO Announces Cutting Leverage Limits, 2x […]