Author: Stephen Nellis
Binance has unveiled a novel feature on its platform, designed to engage users in a predictive challenge regarding which tokens will next be listed on its USD-denominated futures market. As detailed in a press release, the initiative allows participants to purchase “Picks” for 1 USDT each from the NEXT Pool, employing these to forecast which tokens will be added to the market. Participants are permitted to use up to 100 “Picks” for each potential listing. Success in these predictions qualifies them for rewards in the form of USDT futures bonus vouchers or USDT trading fee rebate vouchers, contingent on the…
Blue Guardian, a proprietary trading firm, has announced the upcoming launch of its DXtrade app through its X (formerly Twitter) social media account. The company stated that the app is set to be introduced this week, aiming to provide users with a superior trading experience. Furthermore, the firm disclosed that the eagerly awaited CTrader platform will be made available by March 11. The unveiling of the DXtrade app and the forthcoming launch of Guardian Markets signify a step forward in offering traders better opportunities and efficiencies in their trading ventures. Blue Guardian’s introduction of the DXtrade app, along with the…
My Forex Funds’ assets were recently hit with a freeze in the United States by the CFTC. In the expansive and ever-evolving world of foreign exchange trading, My Forex Funds has emerged as a pivotal platform, offering a unique proposition for both novice and experienced traders. My Forex Funds Freeze My Forex Funds was hit with a freeze by the CFTC, raising concerns with traders on the platform. The company has hit back at the freeze, accusing the CFTC of wrongly sanctioning them due to a tax payments dispute. The Concept Behind My Forex Funds My Forex Funds operates on…
Some professional sports gamblers have compared betting clubs, such as Andy’s Bet Club, to forex trading. In the world of sports betting, finding a reliable and insightful source can significantly enhance your betting strategy and overall experience. Andy’s Bet Club, a platform that has been gaining attention for its expert tips and community-driven approach, is one such resource. This review aims to provide an in-depth look at what Andy’s Bet Club offers, its key features, and how it stands out in the crowded betting advice market. Introduction to Andy’s Bet Club Andy’s Bet Club is a sports betting advice service…
Nexo Services FZE, based in Dubai, has received preliminary approval from Dubai’s Virtual Assets Regulatory Authority (VARA) to provide lending, borrowing, investment, and broker-dealer services for virtual assets. This signifies Nexo’s entry into Dubai’s digital asset arena. Kalin Metodiev, Co-Founder and Managing Partner at Nexo, expressed enthusiasm, stating, “Nexo is enthusiastic about the pursuit of new market strategies aligned with the transformative guidance of Dubai’s Virtual Asset Regulatory Authority.” Dubai’s establishment of VARA in 2022 underscores the region’s commitment to becoming a global center for digital asset innovation. With a user base of 7 million, Dubai presents a significant opportunity…
The global crypto industry has been evolving rapidly, with significant advancements in various regions. Notably, the United States has seen the approval of spot Bitcoin ETFs by the SEC, which have been met with strong demand and high trading volumes. Similarly, there is excitement about the potential introduction of similar ETFs in Hong Kong. The European Union has also been proactive, establishing a comprehensive crypto regulatory framework known as MiCA. In contrast, the UK’s stance on cryptocurrency has been less clear. Despite some political figures advocating for an innovative approach to crypto, regulatory clarity has been lacking, raising concerns that…
Coinbase Global announced on Wednesday that it had fully restored all services on its website after experiencing an issue earlier in the day that led to some users seeing a zero balance in their accounts. The cryptocurrency exchange addressed the matter promptly, reassuring affected users through a statement: “Very few customers may still see an inaccurate balance on their account. Our team is working on resolving this display issue for these users.” This message was shared on the social media platform X, highlighting the company’s commitment to resolving the issue swiftly. The incident occurred on a notable day for the…
Grayscale Investments, a prominent crypto asset manager, is pushing for approval from the U.S. securities regulator to introduce options on its spot bitcoin exchange-traded fund (ETF). This strategic move aims to broaden the accessibility of the product to a broader spectrum of investors. CEO Michael Sonnenshein emphasized the importance of this initiative in a letter addressed to the Securities and Exchange Commission (SEC) on Wednesday. Sonnenshein expressed concern that a rejection of options on its Grayscale Bitcoin Trust (GBTC.P) would unfairly disadvantage its shareholders. He pointed out that the SEC has previously sanctioned options on ETFs linked to bitcoin futures,…
Consob, Italy’s financial regulatory authority, recently cracked down on unauthorized financial services by limiting access to six websites operating without approval in Italy. This action reflects Consob’s ongoing commitment to protecting investors and combating financial fraud. Among the websites targeted were Ether Limited (ethertrader.cc), Aegion Group Ltd (safecap.io), Investment Analysts (investment-analysts.co), Fidelitycfd (fidelitycfd.com), Mex-Fx (mex-fx.com), and Ultraford (ultraford.cc). These platforms were found to be offering financial services without proper authorization, posing significant risks to investors. Consob’s actions stem from regulations empowering the regulator to block access to websites illegally offering financial services. Such measures are vital in safeguarding investors from…
INFINOX, the globally recognised online trading brand, has declared its collaboration with BWT Alpine F1 Team and Alpine Endurance Team as the Official CFD Global Trading Partner. This partnership celebrates a remarkable 15-year tenure of the INFINOX brand in the industry. A mutual ardour for state-of-the-art performance and an unwavering commitment to excellence render this partnership between INFINOX and Alpine Motorsports’ racing teams impeccable. Jay Mawji, CEO of INFINOX, remarked, “Within the hard numbers of ultimate performance, the approach to relationships and teamwork has been an influential factor behind the motivation of this partnership. INFINOX values partnerships and relationships above…