LMAX Digital, a regulated institutional crypto currency exchange and part of the LMAX Exchange Group, has announced it reached record trading volumes during the month of May. A record $5 billion was traded on LMAX Digital in the month, with a record high of over $400 million in daily spot volumes achieved on 12 May…
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On June 3rd, a consortium of major companies launched b.yond, a financial innovation platform that will enable banks and businesses to quickly utilize several innovative fintech payment services. The customers of digital services demand the best and most innovative solutions and constantly want more sophisticated services.. b.yond allows consumer-facing businesses to be in the driving…
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MultiBank Group, a global provider of online financial products, announced today that it has acquired the customers of AETOS Capital Group Pty Ltd in mainland China. The financial terms of the agreement were not disclosed. This acquisition involves a transfer of substantial number of clients running into tens of thousands of customers. The AETOS customers…
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Stater Global Markets (“SGM”) is to cease its Prime of Prime offering after its investor, SBL Holdings, decided not to add further funding in SGM as it pursues alternative business opportunities. Ramy Soliman, CEO, Stater Global Markets said, “We have chosen to cease the Prime of Prime business as, without SBL Holdings’ continued support, we…
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One of the most oft repeated fundamental drivers for the recent meteoric rise of Bitcoin has been that “Whales are on the move”. A subset of analysts are glued to the goings on in these highly valued crypto addresses, euphemistically referred to as “Whale” accounts, as if their splashing around could singularly drive the ebbs…
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Two new crypto research studies were released last week, which reveal that the United States still leads the crypto world with respect to sourced exchange volumes and that 64% of the payments taken from victims of ransomware attacks rely on crypto addresses as their means of settlement. Top Sources of Traffic to Crypto Exchanges Globally…
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The early visions of cryptocurrencies and blockchain technology attracted a supportive throng of libertarians and religious zealots, who envisioned a perfect world of peer-to-peer exchanges of value over totally private and decentralized crypto exchanges, or “DEX’s”, the term preferred in the digital world. Such exchanges would allow for an infrastructure free from government control and…
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An old axiom that often proves to be true when trading financial markets is that “Gaps will be filled”. Gaps occur when prices suddenly gyrate to a higher or lower level, without setting any particular levels of support or resistance. Depending on the type of gap, there is a high probability that market prices will…
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Someone with the name "09E282" just bought a virtual Formula 1 race car for over $100,000 in Ethereum. The name of the buyer is not known at this point. As data from Etherscan shows, the bid for the car won after a four-day auction ended on May 27th. The crypto collectible attracted over 15 different…
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Bitcoin is back. The cryptocurrency has recovered some of its "glory" in late 2017, and now the coin is trading at around $8,200 at the time of this writing. Bitcoin has captured to eyes and hearts of many wealthy and not-so wealthy people. Some are buying Bitcoin to fight inflation and their financial systems, while…
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