Cryptocurrency

Social trading platforms are an excellent option for those new to the financial markets as they allow users to directly interact with professional and experienced traders.
These platforms allow users to follow the trades of others, allowing them to leverage the community’s collective wisdom to make informed investment decisions.

August 7, 2023, 2:16 PM

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The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against trading platform eToro over its contract for difference (CFD) product.
The regulator claimed the product’s target market was too broad, and that eToro used insufficient screening tests when offering the leveraged derivative contracts to retail users.

August 3, 2023, 10:29 AM

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SBF’s legal team argued that the former FTX CEO did not intend to tamper with the witnesses, and that the DoJ’s request was based on “thin” factual grounds.
The DoJ filed a motion last week requesting to dismiss SBF’s bail, alleging that he shared Caroline Ellison’s personal diary with the New York Times in order to intimidate her.

August 2, 2023, 8:10 AM

Former CEO of FTX Sam Bankman-Fried leaves the Federal Court in New York after pleading not guilty, 3 January, 2022.
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Being more prone to taking risks and investing money in new technologies, millennials definitely have a big impact on the global economy.
With most of the current workforce consisting of millennials, this generation has become the deciding factor behind the success and failure of many industries.

May 17, 2023, 4:51 PM

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Mar 27, 2023

The number of merchants and businesses accepting digital assets is increasing steadily, and here are some examples of where digital assets can be used.
Using crypto for payments can differ slightly from fiat systems, but getting started is not too difficult, therefore learning how to handle digital assets is essential in 2023.

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Jan 12, 2023

The probe into Nexo’s activities in Bulgaria was launched several months ago, after international services detected suspicious transactions aimed at circumventing Russian sanctions.
Reports suggest that Nexo is also being investigated for allegedly committing major financial crimes, and participating in money laundering activities.

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Jan 4, 2023

ISA is looking to squeeze digital assets into already existing securities laws, which would allow it to treat them as financial investments.
Another proposal will define crypto as “digital representations” of value that are used for financial investment that can be transferred using a distributed ledger.

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Nov 22, 2022

Bloomberg sources have said that Genesis warned investors it could possibly file for bankruptcy if it fails to cover a $1 billion shortfall caused by the collapse of FTX.
Crypto exchange Gemini, whose Earn program was affected by Genesis’ withdrawal suspension, noted it continues to work with the company to fulfil its obligation to Earn users.

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Nov 16, 2022

Crypto lender Genesis Global has temporarily suspended redemptions and new loan originations as abnormal levels of withdrawals had exceeded the firm’s current liquidity.
Crypto exchange Gemini revealed that Genesis Global was the lending partner of its Earn program, and that it will not be able to meet customer redemptions within its SLA of 5 days.

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Nov 4, 2022

Blockchain developer Elrond is switching its focus to the metaverse, and in order to reflect that has now rebranded itself as MultiversX.
The company has also introduced three new metaverse products, which include a metaverse portal, digital assets holder, and a deployable blockchain module.

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