Facebook in Talks with the CFTC, QuadrigaCX Update: The Weekly Show

It’s been a busy past couple of weeks in the foreign exchange (Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term) and cryptocurrency sectors. After a short hiatus, we have caught up with BloxLive TV again to discuss the top stories and provide a more in-depth look in the latest edition of The Weekly Show.

FBI Starts Investigating into QuadrigaCX

Multiple agencies in the United States have started to investigate the exchange, including the Federal Bureau of Investigation (FBI), in hopes to find a solution to the exchange’s financial crisis, as Finance Magnates reported.

Although the FBI has only recently admitted its official involvement with the Canadian crypto exchange, according to Fortune, it initiated an investigation on the doomed exchange in March.

Does this mean we will finally have a resolution to the QuadrigaCX saga?

Facebook in Talks with CFTC

Facebook Inc. is in talks with the US Commodity Futures Trading Commission (CFTC) about the future of its cryptocurrency project - reportedly known internally as “GlobalCoin”, according to a report from the Financial Times on Sunday.

The social media network is not only in talks with CFTC, however, as it has also been in talks with the US Treasury, although neither party has spoken publicly about the interactions just yet.

Because of the large scale of Facebook’s project, could this lead to more clear cryptocurrency regulation?

LMAX Digital Reports Record Trading Volume in May

After a sluggish April, LMAX Digital managed to report a record trading volume in May of $5 billion, as Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term and crypto demand return to the market - particular from Asia.

On the 12th of May, the regulated institutional exchange achieved a record high of more than $400 million in daily spot volumes. This is more than double what was recorded in April, which stood at $2.2 billion.

In this edition of The Weekly Show, we answered the question - does this mean the crypto winter is over?