Category: Cryptocurrency

CFTC
January 27, 2021 BY Steffy Bogdanova

CFTC files charges New York man in a multi-million dollar Bitcoin and Ether Ponzi Scheme

He allegedly engaged in various efforts to conceal his misconduct – he misrepresenting his trading profitability and the amount of assets he had under management, misappropriated customer funds, and issuing false performance statements. The complaint stated that Spence eventually admitted to his customers that he had engaged in “lies and deceit.” Acting Director of Enforcement…

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ASIC warns against entities
January 22, 2021 BY Steffy Bogdanova

ASIC raises crypto scam alert against Alliance Limited

Consumers have alerted the Australian watchdog that they have been unable to get their money back after investing through this entity. ASIC stated that it is “particularly concerned” about the risk this poses to consumers and investors to lose money when buying into fake crypto-assets. The regulator warned that cryptocurrency investment scams are on the…

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SIX welcomes CoinShares as ETP issuer
January 19, 2021 BY Steffy Bogdanova

CoinShares joins the Swiss Stock Exchange as ETP issuer

The new CoinShares physical bitcoin ETP is available in four trading currencies. With it investors on the Swiss Stock Exchange now have a selection of 22 Bitcoin ETPs and structured products, while the number of ETP issuers rises to seven, following the recent arrival of ETC Group on 13 January 2021. Trading turnover in crypto…

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January 18, 2021 BY Steffy Bogdanova

ThinkMarkets offers 24/7 crypto CFD trading

CEO and Co-Founder of ThinkMarkets, Nauman Anees commented: The cryptocurrency market is revolutionary and is naturally growing to become an established asset class. This is the best time to bring our offering in-line with the 24/7 nature of the market and empower our clients to trade cryptocurrencies on our innovative mobile app, ThinkTrader. Bitcoin’s recent…

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Gate.io launches start-up incubator Gate.io Labs
January 18, 2021 BY Steffy Bogdanova

Gate.io launches start-up accelerator Gate.io Labs

The crypto market cap has reached $ 1 Trillion, with the leading digital currencies, BTC and ETH, accomplishing all-time-highs. The global blockchain market size is expected to grow from USD 3.0 billion in 2020 to USD 39.7 billion by 2025, at 67.3% CAGR. Marie Tatibouet, CMO at Gate.io, commented: Understandably, there are a multitude of…

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Jacobi Asset Management lists Europe’s first spot Bitcoin ETF
January 06, 2021 BY Steffy Bogdanova

MAS strengthens regulation of crypto exchanges

The new amendments also allow MAS to impose measures on DPT service providers to ensure better consumer protection and to maintain financial stability and safeguard the efficacy of monetary policy. MAS stated: We have seen recent development of new forms of DPTs which values are pegged to stable assets to gain users’ confidence. It is…

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OKEx to launch real-time settlement
December 29, 2020 BY Steffy Bogdanova

Crypto exchange OKEx to launch real-time settlement

Lennix Lai, the head of financial markets at OKEx commented: This is hugely beneficial to traders carrying out cross-exchange arbitrage, as they need to settle their profit in real-time across exchanges. It will also enhance capital management across the OKEx platform. We will start with the ADAUSD market as a trial and gradually launch other…

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Online marketplace Trustify Inc. and its founder charged in $18.5 million fraud
December 29, 2020 BY Steffy Bogdanova

Stefan Qin and Virgil Capital face SEC fraud charges over crypto fund

Since July 2020, Qin and Virgil Capital have told investors who requested redemptions from the Sigma Fund, that their interests would be transferred to VQR Multistrategy Fund LP, another fund under the control of Qin but with separate management and operations. The regulator’s complaint alleges that no funds were transferred and the redemption requests remain…

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December 23, 2020 BY Steffy Bogdanova

Diginex adds crypto borrowing and lending capabilities to its offering

Richard Byworth, CEO of Diginex commented: Borrowing and Lending provides yield to this asset class and a necessary hedge for derivative and volatility traders as we continue to expedite the growth of crypto derivatives. We look forward to completing the integration of this institutional grade technology. Thе announcement for new borrowing and lending capabilities follows…

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