BitMEX Plans To Offer Futures For Ethereum Fork – August 8

๐Ÿ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:ย $23,950

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 ๐Ÿ”ฅ

๐Ÿ‘‰ BitMEX Plans To Offer Futures For Ethereum Fork

Derivatives-focused exchange BitMEX plans to offer futures contracts for a potential Ethereum hard fork โ€“ 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.

๐Ÿ‘‰ Robinhood Lists Avalanche & Stellar Lumensย 

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 โ€“ being hit with a $30 million fine from the NYDFS and laying off 23% of its employees.

๐Ÿ‘‰ Obtains Licensing In South Korea Following Local Acquisitions

Cryptocurrency giant 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 to legally bring its products and services to the South Korean market.