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NEXO Token Holders Receive US$2,409,574.87 in Dividends

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Nexo, the crypto lending platform and provider of interest bearing wallets and the recent Nexo Card, which enables you to take out instant loans using your crypto collateral and a virtual and real debit card (all of which are available in Ireland) have announced that their next dividend to Nexo token holders is due shortly. As a number of Irish people also hold tokens (I know a handful from my group of friends), you’ll be seeing a dividend paid into your wallet if you complete advanced verification. Full press release is below. Nexo is delighted to announce that the Dividend Source: https://bitcoinsinireland.com/nexo-token-holders-receive-us2409574-87-in-dividends/

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BitMEX Parent Company 100x Group Appoints Börse Stuttgart Executive As The New CEO

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  • 100x Group is the holding organization for HDR Global Trading Limited – the owner and operator of the popular Bitcoin derivatives exchange, BitMEX. The company announced earlier today that it had appointed a new CEO – Alexander Höptner.
  • The statement reads that Höptner will replace the interim Chief Executive Officer Vivien Khoo in January 2021.
  • Khoo took the position in October. She replaced Arthur Hayes, who stepped down following charges brought by the US Commodity and Futures Trading Commission against the owner-operators of BitMEX for illegally running a crypto derivatives exchange.
  • Höptner will report directly to the Chairman of the 100x Group, Dr. David Wong, and will also join the board of directors. 
Alexander Höptner. Source: GoingPublic
Alexander Höptner. Source: GoingPublic
  • He has served as the CEO of the Börse Stuttgart GmbH and Euwax AG since 2018. The second-largest stock exchange in Germany has been proactive in terms of digital asset adoption during Höptner’s supervision. It launched a regulated BTC trading platform last year and added a tracker following the inverse performance of Bitcoin in 2020.
  • “The BitMEX platform forever changed the way we trade cryptocurrency, and 100x Group will forever change the way we use modern financial services. The future of this industry will increasingly belong to those who provide a regulated trading environment that is innovative, liquid, and fair for institutional and retail investors alike.” – commented Höptner. 

    Featured Image Courtesy of NSBanking

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Source: https://cryptopotato.com/bitmex-parent-company-100x-group-appoints-borse-stuttgart-executive-as-the-new-ceo/

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Bitcoin Derivatives Firm ErisX Adds Cash-Settled Contracts After Physically-Settled Futures Fall Flat

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Cryptocurrency derivatives platform ErisX launched cash-settled bounded futures on Tuesday, after seeing little interest from the market for its physically-settled futures

ErisX CEO Thomas Chippas said the company had released physically-settled futures thinking that traders would be interested in trading spot bitcoin with the protection of a futures exchange and a futures clearinghouse. Cash-settled contracts don’t require the delivery of bitcoin like physically-settled contracts, allowing investors who can’t touch bitcoin to still profit off of it.

Physically-settled futures won’t become more popular until the exchange can offer physically-traded futures on margin, Chippas said. ErisX is working with the U.S. Commodity Futures Trading Commission (CFTC) to allow the exchange to offer margin in the future.

In the meantime, the exchange is launching cash-settled bounded futures, which provide upper and lower bounds on gains and losses, protecting investors from large price movements 

Last month, ErisX got CFTC approval to offer additional trading services.

Source: https://www.coindesk.com/bitcoin-derivatives-firm-erisx-adds-cash-settled-futures

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Bitcoin Tuesday aims to raise $1M for good causes today

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Bitcoin Tuesday, a crypto-based charity event hosted by The Giving Block, is looking to raise at least $1 million in donations today and over the rest of the month of December. The fundraising target makes Bitcoin Tuesday one of the largest crypto-based charity events ever. 

The Giving Block has secured partnerships with over 120 nonprofits and 30 blockchain companies to spearhead the charity drive.

Some of the biggest names in crypto will participate, including:

  • Gemini
  • Ledger
  • Blockfolio
  • Maker
  • Celsius Network
  • Flexa
  • 0x

Along with many other blockchain companies, they are stepping up to help charities collect Bitcoin (BTC) and other cryptocurrency donations before the holidays.

The charities accepting donations on Bitcoin Tuesday include:

  • Save The Children
  • American Cancer Society
  • WaterAid America
  • Foundation for Economic Education
  • Stack Up
  • Center for Policing Equity
  • No Kid Hungry

Bitcoiners are committed to social good, and this is one opportunity to make a practical difference beyond the choice to disrupt the financial system. It’s a chance to help Save The Children, or to promote justice before the law through the Center for Policing Equity.

Your donation could go toward Trees for the Future; fresh water in Uganda; providing meals for senior citizens, or finding homes for pets in rural America. There are over 100 charities participating, any of which will be grateful for your support.

The Giving Block tells Cointelegraph that Bitcoin Tuesday 2020 will see “1,000% growth in nonprofits accepting cryptocurrency donations.”

According to The Giving Block:

“All our charities accept more than just Bitcoin. Bitcoin is front and center, but you can donate every crypto currently supported on Gemini.”

They also believe that nonprofits themselves can aid crypto adoption by offering users the opportunity to donate via digital assets:

“Nonprofits adding crypto as an option across their website and platforms, calling for crypto gifts in their communications, posting about crypto on social media. This drives their mainstream audiences into the crypto scene which is invaluable.”

Cointelegraph is also participating in the event, and is working with The Giving Block to produce a charity Crypto Trivia quiz featuring top personalities in the blockchain space, to be held on Thursday Dec 10.

You can donate crypto to your favorite charity by visiting The Giving Block website. Select the organization you would like to support and pledge your crypto now for a good cause.

Source: https://cointelegraph.com/news/bitcoin-tuesday-aims-to-raise-1m-for-good-causes-today

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