Author: News Desk

A recent survey conducted by Bitget has shed light on the optimistic outlook of investors regarding Bitcoin’s upcoming “halving” event scheduled for April 2024. The survey, which engaged nearly 10,000 crypto investors worldwide, has unveiled some intriguing insights into market sentiment and potential impacts. According to the findings, a staggering 84% of respondents anticipate Bitcoin surpassing its previous all-time high of $69,000 in the next bull market. This strong bullish sentiment demonstrates the confidence that investors have in Bitcoin’s potential for substantial growth. Furthermore, a significant 70% of participants disclosed their plans to increase their cryptocurrency investments in 2024, indicating…

After accumulating 15 years of experience in the FX/CFD industry, Sam Eder, the former Head of Emerging Markets at OANDA, has embarked on a new entrepreneurial journey. He unveiled his latest endeavor, the “Market Mates” project, on Thursday, marking his departure from OANDA. Notably, this isn’t Eder’s first foray into the world of business. Eder’s career in financial markets commenced in 2008 when he joined the Australian branch of GFT Markets. In 2013, he made a move to Invast Securities, where he assumed the role of Director in the Sales and Customer Experience Department. In 2014, Eder initially ventured into…

FTX, the collapsed cryptocurrency exchange, is making significant strides towards repaying its creditors in full, according to revelations made by the exchange’s bankruptcy lawyers in a recent court session. However, the manner in which customers’ assets will be assessed for repayment is tied to the fiat value of their crypto holdings during the tumultuous period when the exchange declared bankruptcy. During the court hearing, FTX’s attorney, Andy Dietderich, representing the law firm Sullivan and Cromwell, cautiously expressed optimism regarding the possibility of complete repayment to both customers and creditors. Nonetheless, he emphasized that this was an objective projection rather than…

The demand for cryptocurrencies among active traders is on the rise, with crypto Contracts for Differences (CFDs) witnessing significant growth at the retail brokerage Axi. According to data obtained by Finance Magnates, Axi’s crypto CFD volumes nearly doubled in January, reaching an impressive $12 billion. This surge in popularity is further highlighted by the fact that the brokerage was processing approximately 70,000 crypto trades each week. Throughout most of 2023, Axi typically handled crypto volumes ranging from $1 billion to $2 billion. However, in December, there was a substantial and sudden surge, with volumes skyrocketing to $6 billion. One possible…

MarketAxess Holdings Inc. disclosed its financial performance for the fourth quarter (Q4) and full year 2023, reporting robust growth in both revenue and trading volumes across various sectors and regions. The company recorded a remarkable 10.9% year-over-year (YoY) increase in total Q4 revenues, reaching $197.2 million, which included contributions from the acquisition of Pragma and favorable foreign currency fluctuations. Net income surged by 18% to $69.6 million, resulting in a 16.5% rise in diluted earnings per share (EPS) to $1.84. For the entire year of 2023, MarketAxess achieved a 5% YoY growth in total revenues, amounting to $753 million. Net…

Former UK Chancellor of the Exchequer, George Osborne, has made a significant foray into the cryptocurrency world by joining Coinbase’s advisory council. This move comes at a time when digital assets are gaining mainstream acceptance, and Coinbase is facing regulatory challenges in the US while pursuing European market expansion. Osborne, who served as Chancellor from 2010 to 2016 during Prime Minister David Cameron’s tenure, was responsible for the nation’s fiscal and economic policies. After leaving government, he ventured into investment banking and media. Coinbase’s Chief Policy Officer, Faryar Shirzad, described Osborne’s appointment as timely, given the company’s global expansion ambitions.…

Nasdaq, Inc. has unveiled its stellar financial performance for the entirety of 2023, showcasing impressive growth and resilience amid challenging market conditions. In a year marked by economic fluctuations and market uncertainties, Nasdaq has emerged as a beacon of success. In 2023, Nasdaq achieved remarkable net revenues of $3.9 billion, an impressive 9% surge compared to the previous year. Notably, the final quarter of 2023 witnessed an astonishing 23% spike in net revenues when contrasted with the same period in 2022, totaling an impressive $1.1 billion. The standout performer in Nasdaq’s growth story has been its Solutions segment, which recorded…

eToro has made the decision to limit its support for non-leveraged CFD crypto trading in France and Australia. Clients have been informed that they must close their non-leveraged long positions with these instruments before the specified deadlines: February 19th for Australia and February 21st for France. Starting from these dates, any remaining open long non-leveraged CFD crypto asset positions will be automatically closed at market value, as stated in a notice from the Israeli broker targeted towards traders in these two countries. However, it’s important to note that eToro will continue to offer physical non-leveraged crypto trading in both France…

CFI Financial Group has unveiled a strategic partnership with the prestigious football club, Paris Saint-Germain (PSG), extending until June 2026. This announcement represents a significant milestone in CFI’s strategic growth journey, with implications reaching far beyond a typical collaboration. The partnership between CFI and PSG symbolizes the fusion of finance and elite sports, mirroring the progressive ethos of Paris, a city synonymous with passion, excellence, and innovation. Hisham Mansour, Founder and Managing Director of CFI Financial Group, expressed his enthusiasm about this partnership, emphasizing, “We are incredibly thrilled to kick off our collaboration with Paris Saint-Germain, a football club renowned…

OKX, a prominent cryptocurrency exchange, has made the decision to discontinue its crypto mining pool and all related services. Effective January 26, 2024, the platform will no longer accept new user registrations. Existing users, however, will be granted access to these services until February 25, 2024, giving them a brief window to make the necessary adjustments to their mining operations. The final curtain will fall on OKX’s mining pool operations on February 26, 2024, marking the end of an era for users who have long relied on the exchange for their crypto-mining endeavors. While this move may cause some inconvenience,…