BitMEX ordered to pay $100 million for illegal operation of a cryptocurrency trading platform LeapRate

August 11, 2021 BY Steffy Bogdanova

BitMEX ordered to pay $100 million for illegal operation of a cryptocurrency trading platform

The US watchdog found that from November 2014 to October 2020 BitMEX offered leveraged trading of cryptocurrency derivatives to retail and institutional customers in the US, while operating as a common enterprise. BitMEX was aware that US customers could access the BitMEX platform. CFTC also found that US customers placed orders directly through BitMEX’s user…

May 27, 2021 BY Steffy Bogdanova

PayPal set to allow customers to withdraw cryptocurrency

During the conference, da Ponte was also probed on the subject of central bank digital currencies (CBDCs), following news that the PayPal vice president had met up with central bankers across the globe. Though da Ponte accepted the logic of central banks issuing their own tokens, he refused the common opinion that just one of…

November 23, 2020 BY Steffy Bogdanova

GoDaddy employees targeted in cyberattacks on cryptocurrency platforms

Mike Kayamori said: On the 13th of November 2020, a domain hosting provider "GoDaddy" that manages one of our core domain names incorrectly transferred control of the account and domain to a malicious actor. This gave the actor the ability to change DNS records and in turn, take control of a number of internal email…

September 07, 2020 BY Steffy Bogdanova

Cryptocurrency platform Ziglu launches P2P payments for crypto and fiat currencies

Customer’s digital assets are insured against cyber-attacks, up to the value of £50,000 and fiat currencies are safeguarded in a segregated account with the Ziglu platform. With P2P payments, personal information is kept private, providing greater security and peace of mind. Mark Hipperson, Ziglu Founder and Chief Executive Officer said: Paying people should be instant,…

June 23, 2020 BY Valentina Kirilova

HYCM adds 50 cryptocurrency CFDs and reduces spreads

Giles Coghlan, HYCM’s Chief Currency Analyst, commented on the market situation in the crypto space: In the midst of our global COVID-19 crisis, central banks around the world are both cutting interest rates and increasing bond-buying programmes. Furthermore, governments around the world have pledged more than $8 trillion in stimulus measures in order to cushion…

June 16, 2020 BY Steffy Bogdanova

Cryptocurrency platform Ziglu offers easy access to crypto

Ziglu has designed and built a financial platform in the cloud with flexible and scalable technology, offering fair and transparent pricing with user funds held in a segregated account. Mark Hipperson said: This launch marks the beginning of an exciting journey for Ziglu to deliver transformational financial services for our customers. By offering immediate and…

June 01, 2020 BY Steffy Bogdanova

Swissquote defends cryptocurrency against Goldman Sachs

Swissquote agrees with Goldman Sachs that crypto has been used in Ponzi schemes, money laundering and other dark market functions but fiat currencies can also be used for illicit activities. Chris Thomas commented: Banks and enterprises like Swissquote Bank operate to strict AML regulatory levels in both fiat and crypto worlds to prevent such illicit…

May 20, 2020 BY Steffy Bogdanova

Small cryptocurrency Tezos gains traction, is Bitcoin in trouble?

Tezos was designed as a “self-amending cryptographic ledger”, it does not rely on mining (Proof-of-Work), but instead utilizes a Proof-of-Stake based consensus model. Recently it has emerged as a favorite for tokenized real-estate and security tokens. Since the recent Bitcoin halving, mining for BTC has become more difficult. Many have suggested that bitcoin minors may…

Crypto markets between a rock and a hard place

May 07, 2020 BY Valentina Kirilova

Why you should consider different cryptocurrency exchanges before making a decision

Robustness Of The Cryptocurrency Exchange Platform Exchange platforms that don’t innovate often are those that allow you to register even without anti-money laundering measures like KYC or know-your-customer guidelines. That means you can usually register using only an email and password. When it comes to structural robustness, one can easily find out how well a…

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