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…
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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…
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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…
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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…
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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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Binance Holdings Ltd., Maltese crypto trading platform, made its debut in business services by announcing its cloud operation which would allow business clients to set up their own crypto exchange. Binance’s clients will be able to use its technological infrastructure, including matching engines to risk controls and data security systems to start their own exchange.…
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St. Vincent-based brokerage Fullerton Markets announced its new addition for alternative funds transfer via digital wallet. The company added a new cryptocurrency channel to its existing options of deposits and withdrawal methods. The cryptocurrency channel works with Bitcoin, Bitcoin Cash, Binance Coin, Bitcoin SV, Dash, Dogecoin, Ethereum, Ethereum Classic, Litecoin, NEO, OmiseGO and Tron. All clients…
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The Securities and Exchange Commission (SEC) filed charges against an Ohio-based businessman who set up a digital asset scam defrauding around 150 investors, among which many physicians. Michael W. Ackerman allegedly, along with two other businessmen, raised at least $33 million from investors, claiming he developed a proprietary algorithm that traded in cryptocurrencies and generated…
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Cryptocurrency exchange Zipmex, based in Singapore, has been awarded a license from the Thai SEC to start offering its services in Thailand. The information comes from The Block on January 20, 2020. Zipmex is now one of the very few crypto players in Thailand that has a license to offer its crypto trading services to…
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Stephen Moore was nominated by US President Donald Trump to join the Federal Reserve of the country. The bid for the role, however, failed by several votes and Mr. Moore couldn't take the position. Stephen Moore is an economist and former campaign adviser. After his bid didn't come through, Mr. Moore has turned to manage…
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