It’s been a busy past couple of weeks in the foreign exchange (forex) 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?
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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 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?