President Donald Trump nominated Brian Brooks, who currently serves as the acting Comptroller of the Currency, to a full five-year term on Tuesday. The nomination was included in a raft of nominations released by the White House. Brooks took over the Comptroller’s office in May after the departure of Joseph Otting. Otting first took office […]
Quick Take Crypto market prediction markets tied to the 2020 presidential election have seen volumes surge. That could help bring in as much as $1 million in fees for crypto exchange FTX. This feature story is available to subscribers of The Block Daily. You can continue reading this Daily feature on The Block.
At the beginning of the year, the trading platform FTX Exchange launched a futures market so people can bet on the U.S. election and created a futures contract token called TRUMP. On Friday, FTX revealed that the exchange is lifting the initial margin requirements to $0.50 for its TRUMP token contracts. Individuals who don’t live […]