CryptoCurrency – Finance Magnates | Financial and business news
The virtual asset management provider HashKey Capital Limited has secured both Type 4 and upgraded Type 9 licenses from the Securities and Futures Commission (SFC), becoming the first licensed corporation to offer a complete suite of securities and virtual asset management and advisory services to retail investors in Hong Kong.Representatives of...
Chicago Mercantile Exchange (CME), known for operating one of the largest US-based futures exchanges, is planning to offer spot Bitcoin trading to its clients, according to a report by the Financial Times.CME Expansion in Crypto MarketsAlthough not officially confirmed or commented on by the exchange, the plans to offer Bitcoin trading came when demand...
The cryptocurrency exchange Bybit has experienced significant growth over the past year and, after five years of operation, has surpassed 20 million users. However, its expansion is not as dynamic in some regions due to local regulatory challenges.One such example is France, where the local financial commission, AMF, blacklisted Bybit two years...
BVNK, a payments infrastructure provider, has declared the integration of PayPal USD (PYUSD), a stablecoin, into its platform. The issuance of PYUSD is solely handled by Paxos Trust Company, under the regulatory oversight of the New York Department of Financial Services (NYDFS).Enhancing Payment Options This integration allows businesses to access...
The authorities in Canada have arrested Aiden Pleterski, who called himself the “Crypto King,” and charged him with fraud and money laundering. He allegedly swindled investors out of CAD 40 million (about USD 30 million) with his crypto and foreign exchange Ponzi investment scheme.The Fall of “Crypto King”The announcement yesterday (Wednesday) by the...
Binance has introduced spot copy trading to enable traders to replicate expert trading strategies. The new feature enables users to automatically replicate the trades of lead traders. Unlike futures trading, which involves leverage and heightened risk, spot trading offers a more straightforward, Binance said in a statement today (Wednesday).Up to...
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