What Are Perpetual Futures And Why Do They Matter?

Perpetual futures allow traders to speculate on crypto prices without an expiry date, offering flexibility and leverage for more advanced strategies.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Coinbase previously introduced 24/7 Bitcoin and Ethereum futures trading. Now, it plans to expand access to XRP and other altcoins, marking a broader push into the derivatives sector.

Rivals Respond: Binance Steps In

Coinbase isn’t alone in this race. Binance founder Changpeng Zhao recently proposed a dark pool DEX for perpetual futures, aiming to reduce market manipulation by increasing privacy.

At the same time, COTI announced plans for a similar DEX with a privacy-focused infrastructure. These moves indicate growing momentum for decentralized perpetual futures solutions.

With this launch, Coinbase could be taking the first significant step toward regulated crypto derivatives in the U.S. market.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Coinbase Gears Up For Perpetual Futures in the US appeared first on Coin Engineer.

The IT companies underlined to the EU in an open letter also supported by Italian luxury fashion company Prada that the area might not fully benefit from AI technology. Citing a difficult regulatory climate in the European Union (EU), Meta stated in July it was holding back its most powerful artificial intelligence model, Llama, from the European markets.

Now, experts and many industry associations joined executives of these tech companies in signing the letter to the EU explaining to the bloc that it is already fast becoming uncompetitive, partly because of its “fragmented and inconsistent” decision-making on subjects like data protection and AI.

The signatories so argued that the EU ran the risk of lagging behind the AI age and demanded “harmonized, consistent, quick, and clear decisions” from authorities to let European data be “used to train AI models to benefit Europeans,” among others.

The open letter pointed out the recent choices made under the global data protection rule (GDPR).

“While interventions by the European Data Protection Authorities have generated great uncertainty about what kinds of data can be used to train AI models, regulatory decision-making has become fractured and erratic in recent times.” The open letter stated.

Following great pressure from privacy authorities in the region, the parent company for Facebook, WhatsApp, and Instagram has been caught on the wrong side of the GDPR, forcing it to stop plans to utilize data from users in Europe to train its AI models.

Meta recently disclosed, nevertheless, that it would start training its artificial intelligence models using UK user data.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Meta and Spotify Warn EU on AI Regulation Impact appeared first on Coin Engineer.