Probably the largest Ponzi scheme in the modern world was "designed" by Bernie Madoff who scammed corporate America with around $70 billion back in 2008. Now, as cryptocurrencies garnish share in the world's economy, it is not surprising to learn that there are also cryptocurrency Ponzi schemes. One such is called OneCoin. OneCoin is a…
Read moreWhile China may be doomed by many as the "not-to-go" place when it comes to cryptocurrencies, because of heavy regulations, the country may be the real king of cryptocurrencies after all. The well-known "heavens" of altcoins are countries such as Singapore, Japan, Estonia and others. All of these countries have embraced a rather friendly and…
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From 7th of January to 6th of February, over $550 billion have been lost in value, as major altcoins and Bitcoin took huge hits to their prices and ultimately, to their market capitalizations. On January 7th, the total market cap of the cryptocurrency market was around $836 billion, close to the market cap of Apple.…
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After banning domestic exchanges from trading bitcoin and cryptocurrencies, the People's Bank of China may be thinking of developing a domestic currency after all. China seems to be eager to join the "cryptocurrency hype", especially after the total market capitalization of digital currencies hit $200 billion, with the major driver being Bitcoin, which surpassed the…
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On Thursday, 21st September, Bitcoin is again falling down, experiencing a 6% loss and trading at $3,656, as fear is amassing as China announced the crackdown of the digital currency. Last week, as China announced that its domestic exchanges will shut down bitcoin trading, the price went down to $3,000. That was the biggest drop…
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When China announced that all its domestic exchanges will stop trading Bitcoin from September 30th this year, the digital cryptocurrency markets have seen a huge dip in prices: Bitcoin alone was down with 40%, Ethereum with 10% and overall, last week was a "bearish" one for the "people's currencies". Just before the ban, the Initial…
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As China's BitKan announced it would officially ban both over-the-counter bitcoin and bitcoin cash transactions, bitcoin fell to around $3,800, denoting more than 20% drop in value, after reaching almost $5000. According to TheStreet, BitKan informed that as the trading of initial coin offerings or ICOs is also suspended, the ban on bitcoin was the…
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The launch of Bloomberg's RMB Bond Suite is an extension of the company's broader strategic focus on China's fixed income market, following the recent inclusion of Chinese bonds into its global fixed income indices Bloomberg today announced the launch of its new RMB Bond Suite, a set of advanced fixed income investment tools for China's…
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Beeks Financial Cloud, a global leader in financial cloud infrastructure for the trading industry, has today announced its newest Beeks Marketplace product offering, “China Liquidity Select." The turnkey package, is priced at £1,500 GBP per month, and is aimed primarily at brokerage partners and liquidity providers looking to serve traders in mainland China. It also ensures…
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CySEC regulated forex broker FXCC has announced the introduction of an extra payment facility - Netbanx Asia from Paysafe Group Plc (LON: PAYS). In forging this new relationship the broker is opening up a gateway to allow easy use of service for FX traders from leading Asian countries such as China. Netbanx Asia is a…
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