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Search resuls for: "NFA"


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But in a triumph of modern engineering, the soaring Taipei 101, once the world’s tallest skyscraper, emerged from the island’s latest seismic event undamaged. A 660-ton spherical device called a tuned mass damper swings like a giant pendulum in the skyscraper's upper floors. “It’s essentially a very large counterweight,” explained Stefan Al, author of “Supertall: How the World’s Tallest Buildings Are Reshaping Our Cities and Our Lives,” in a phone interview. “In the case of Taipei 101, it’s 660 tons. Lee & Partners, Taipei 101 was the world’s tallest building from 2004 until 2007, when it was surpassed by the Burj Khalifa in Dubai.
Persons: Richard Chung TW, “ It’s, , Stefan Al, , it’s, ” Al, Al, Lee Organizations: CNN, National Fire Agency, Lee & Partners Locations: Taiwan, Hualien County, Taipei, New York, Burj Khalifa, Dubai, , Indonesia, Chile
Coinbase wins approval to offer crypto futures trading in US
  + stars: | 2023-08-16 | by ( ) www.reuters.com   time to read: +2 min
A representation of the cryptocurrency is seen in front of Coinbase logo in this illustration taken, March 4, 2022. The approval was granted by the National Futures Association (NFA), a self-regulatory organization designated by the Commodity Futures Trading Commission (CFTC). The NFA approval, which came nearly two years after Coinbase filed its application, could allow the company to expand into a largely untapped market. In July, crypto derivatives trading volumes globally totaled about $1.85 trillion, according to research firm CCData. The latest offerings will be from Coinbase Financial Markets, a unit of Coinbase.
Persons: Dado Ruvic, Coinbase, Brian Armstrong, Gary Gensler's, Niket, Saumyadeb Organizations: REUTERS, Securities and Exchange Commission, SEC, National Futures Association, Commodity Futures Trading Commission, Coinbase Financial, Thomson Locations: Bengaluru
New York CNN —Coinbase has won a crucial regulatory approval that will allow the platform to provide US-based investors access to the crypto derivatives market. The approval comes from the National Futures Association, a self-regulatory body designated by the Commodity Futures Trading Commission, nearly two years after Coinbase applied to register as a futures merchant. Crypto derivatives make up more than 75% of all global crypto trades, but such products had been off-limits for investors in the United States, in part because of their complexity and high levels of risk. “This is a significant milestone for bringing federal regulatory oversight over the crypto markets,” said Faryar Shirzad, Coinbase’s chief policy officer. “Offering US investors access to secure and regulated crypto futures is key to unlocking growth and enabling broader participation in the cryptoeconomy,” said Andrew Sears, the CEO of Coinbase Financial Markets.
Persons: New York CNN — Coinbase, Coinbase, , Faryar Shirzad, Andrew Sears Organizations: New, New York CNN, National Futures Association, Commodity Futures Trading Commission, NFA, Securities and Exchange Commission, Binance, Coinbase Locations: New York, United States
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