Author Archives: David

Research: 1 of 5 New Hedge Funds in 2018 Is a Crypto Fund

New research shows that one out of five hedge funds launched thus far this year has been a cryptocurrency-focused hedge fund. This is a surprising statistic in light of the 2018 bear market, but it may indicate that managers and investors are still optimistic about the long-term outlook and want to capitalize on current low prices. Also Read: Report: Barclays Drops Plan for Cryptocurrency Trading Desk Rapid Expansion by Segment A total of 90 cryptocurrency hedge funds were launched in the first three quarters of 2018, according […]

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IMF, World Bank Set Framework Around Fintech Advances

The International Monetary Fund (IMF) and the World Bank have weighed in on sovereign considerations and global implications of blockchain and other financial services technologies. The Bali Fintech Agenda, released at the conclusion of their annual meeting, distills the issues and concerns around disruptive technologies like distributed ledgers and smart contracts. The 12-point agenda intends to provide guidance to countries in their assessments of policy options around specific circumstances and priorities. “Countries are demanding deeper access to financial markets,” World Bank Group President Jim Yong Kim said […]

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Fincen Claims Iran Is Using Crypto to Evade Sanctions

The Financial Crimes Enforcement Network has warned U.S financial institutions that the Iranian government might be dodging economic sanctions by using cryptocurrencies. The document highlights challenges arising from peer-to-peer virtual currency exchanges and encourages banks to monitor blockchain ledgers for transactions tied to the country. Also Read: Church Mining Cryptocurrency to Pay Higher Electricity Rates Iranian Bitcoin Transactions Estimated at $3.8M Since 2013 The U.S. organization, known as Fincen, issued the warning in an advisory to assist U.S. banks and other financial actors such as cryptocurrency exchanges in […]

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Binance Launches Its First Fiat-Crypto Exchange in Uganda

Binance will officially launch its fiat-to-crypto branch in Uganda this week, where the national currency will be traded with Bitcoin and Ethereum pairs. Major international crypto exchange Binance has announced that its fiat-to-crypto exchange will open in Uganda this week, the company reveals Monday, Oct. 15. CEO and founder of Binance, Changpeng Zhao (CZ), had told Cointelegraph in an exclusive interview in June of plans to open the Ugandan crypto-fiat exchange. As per Binance Uganda’s press release, the new branch will officially start accepting deposits and withdrawals […]

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Price of Tether USDT Plummets to 18-Month Low as OKEx Adds Four Stable Coins

The price of the Tether stable coin (USDT) pegged to the US dollar has tanked to an 18-month low on Monday, October 15, pushing the premium of Bitcoin and other cryptocurrencies on Bitfinex and a number of other exchanges. At its peak, the price of the flagship cryptocurrency achieved $7,788 on Bitfinex, while trading at […] Powered by WPeMatico

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SimpleFX Makes CFD Trading Fast and Easy Like Never Before with the Launch of the New SimpleFX WebTrader Tool

SimpleFX, one of the fastest growing CFD platforms, has just released a new version of SimpleFX WebTrader with the goal of becoming the fastest and easiest of all trading tools available at present. The company has also joined hands with the affiliate tracking platform Unilink.io to help its clients enjoy real-time revenue tracking benefit and up to 40% share rates. October 12, 2018 SimpleFX is pleased to announce the official release of the new version of SimpleFX WebTrader, a state-of-the-art tool that will make CFD trading effortless […]

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The Fall of Tether and What It Means for the Cryptocurrency Markets

The demise of Tether has been a car crash in slow motion. An unswervable event that has played out over the course of months, it has reached a crescendo in the past 24 hours, with tether slipping significantly from its dollar peg. It is possible, perhaps even probable, that it will regain parity with the U.S. dollar. But by then, the damage may have already been done. Also read: The Daily: Tether Sheds Its Peg The Beginning of the End or the Start of a New Dawn? […]

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Fincen Claims Iran Using Crypto to Evade Sanctions

The Financial Crimes Enforcement Network has warned U.S financial institutions that the Iranian government might be dodging economic sanctions by using cryptocurrencies. The document highlights challenges arising from peer-to-peer virtual currency exchanges and encourages banks to monitor blockchain ledgers for transactions tied to the country. Also Read: Church Mining Cryptocurrency to Pay Higher Electricity Rates Iranian Bitcoin Transactions Estimated at $3.8M Since 2013 The U.S. organization, known as Fincen, issued the warning in an advisory to assist U.S. banks and other financial actors such as cryptocurrency exchanges in […]

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Binance Uganda Officially Launched, Pairs the Ugandan Shilling with BTC and ETH

Back in late June, the team at Binance had announced their intentions of open operations in Uganda. The main goal of opening an exchange in the African country, was that Binance wished to expand its reach not only in the developed countries, but to those less developed and with the potential to grow into thriving markets. When the announcement was made back in June, registrations were open immediately with the first 20,000 users to register on www.binance.co.ug, being rewarded with 0.5 BNB. The team at Binance also […]

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From deposits suspension to today’s mess: All the speculations surrounding Tether and BitFinex

TL;DR • Conspiracy and a pump scheme for Bitcoin and stable coins. Crazy, even for the volatile crypto markets. • The current market situation seems to have brought Bitfinex exchange under the spotlight. • This seems to be far from being the end of odd happenings at Bitfinex.   Bitfinex, among the largest cryptocurrency exchanges, announced four days ago on its plans to pause fiat deposits (USD, GBP, EUR, JPY) on their platform. According to their Medium post, this will only affect certain accounts, and it is necessary […]

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