City Chicago Financial News

Cboe Global Markets on Monday said it received regulatory approval to offer leveraged derivatives products on its digital trading platform, including physically and financially settled bitcoin and ether margined futures contracts. The U.S. Commodity Futures Trading Commission approved Cboe Digital to be the first U.S.-regulated crypto exchange and clearinghouse platform to offer leveraged derivatives when the contracts launch in the second half. The margined contracts will let users trade crypto futures while putting less collateralized capital up front, with trades executed and cleared through an approved set of member futures commission merchants, Chicago-based Cboe said. Cboe Digital's clearinghouse will act as the central counterparty to reduce default risks. Cboe Digital currently allows trading and clearing of bitcoin and ether futures on a fully collateralized basis, meaning users must provide the full amount of futures contracts upfront.

Evertas, an insurance company focused on digital assets, recently announced an increase in coverage limits and the addition of mining operations to its coverage portfolio.

Strike, a Chicago-based Bitcoin (BTC) payment provider, expanded its services to 65 countries in parallel to relocating its global headquarters to El Salvador. Before its expansion, the mobile app was operational only in the United States, El Salvador and Argentina.

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Citadel Securities is suing two former employees after they left to form a cryptocurrency market-making firm. 

In its latest futures-based exchange-traded funds (ETF) filing, Valkyrie is utilizing one of the popular memes from the financial Twitter community, known as "fintwit," to capture attention and interest.

A US regulator’s court filings confirm that Jump Trading secretly supported Terraform Labs — the company behind the failed algorithmic stablecoin — about a year before the company collapsed.

The 2022 crypto bank runs — caused by the failure of multiple ecosystem giants — have had a lasting impact on the crypto industry. A new research report from the Federal Reserve Bank of Chicago (FRBC) has identified several key factors and catalysts that accelerated last year’s crypto crisis.

Jump Trading has been sued for conspiring to manipulate the price of TerraUSD (UST) following the stablecoin’s unprecedented collapse.

When it comes to cryptocurrency like bitcoin, new investors are often motivated by friends to take the plunge, according to a new study.

Sales of electric cars are poised for a boom, spurred by factors such as federal policy, technological advances and environmental concerns.

As Bitcoin's price dips below the $29,000 support level, market observers and investors are keen to forecast the cryptocurrency's next target. In this Bitcoin price prediction article, we will examine the factors contributing to the recent decline and analyze potential scenarios for BTC's future trajectory.

On Apr. 17, derivatives marketplace Chicago Mercantile Exchange (CME) Group, announced it will broaden its range of cryptocurrency options by adding new options to its standard and micro-sized Bitcoin (BTC) and Ether (ETH) contracts. Pending regulatory review, these new contracts will be available from May 22, and expiries will be available every day of the business week from Monday to Friday. 

The latest batch of economic data shows positive developments on the inflation front, but the Federal Reserve's job is not over yet, Chicago Federal Reserve President Austan Goolsbee said.

Potential fault lines surfaced on Tuesday over whether the Federal Reserve should proceed with interest rate increases next month as it studies the fallout from banking-sector stresses triggered by the collapse of two midsize banks last month.

A Federal Reserve official said the central bank should be cautious about raising interest rates so that it can assess the fallout from banking-sector stresses triggered by the collapse of two midsize banks last month.

The Swiss government slashed bonuses for top managers at Credit Suisse by tens of millions of dollars after the lender’s $3.2bn fire sale to rival UBS. The Swiss Federal Council said it would wipe out all outstanding variable remuneration for Credit Suisse’s executive board.

The Bank for International Settlements (BIS) has released a working paper examining “crypto carry” — the differences between Bitcoin (BTC) and Ether (ETH) spot and futures prices — and its effect on crypto investment markets. The complex paper sheds light on the behavior of crypto investors, particularly smaller investors, in relation to boom and bust cycles.

The Swiss government slashed bonuses for top managers at Credit Suisse by tens of millions of dollars after the lender’s $3.2bn fire sale to rival UBS. The Swiss Federal Council said it would wipe out all outstanding variable remuneration for Credit Suisse’s executive board.

Average equity partner pay at Kirkland & Ellis climbed by nearly 2% last year to $7.5m despite a slowing market for top law firms.

An overwhelming share of Americans aren’t confident their children’s lives will be better than their own, according to a new Wall Street Journal-NORC Poll that shows growing skepticism about the value of a college degree and record-low levels of overall happiness.