As February attracts to a detailed, and the small matter of a attainable WW3 is dominating the information, let’s have a look again on the information tales from the worlds of Forex, Fintech and Crypto in our greatest of the week section.
Ukraine Passes Bill Legalizing Cryptocurrency
With Russian tanks on the Ukrainian border, the Ukraine parliament introduced that it handed a invoice to legalise cryptocurrencies, thus making using digital property a lot simpler within the nation.
Mykhailo Fedorov, the Ukraine Deputy Prime Minister and the Minister for Digital Transformation, acknowledged: “This will legalize crypto exchanges and cryptocurrencies, and Ukrainians could protect their assets from possible abuse or fraud.”
Read extra on the Ukraine legalizing crypto invoice right here.
Related content material
Russia-Ukraine Conflict: Where Are Bitcoin and Crude Oil Heading?
As occasions unfurled in Ukraine, Finance Magnates regarded on the impression the battle was having on two extensively traded property: Crude Oil and Bitcoin.
For instance, Russia is at the moment the world’s third-largest bitcoin mining hub. Approximately 11% of bitcoin mining takes place in Russia.
Read extra on the impression of the Russia-Ukraine battle on Bitcoin and Oil right here.
UK Sanctions 5 Russian Banks and Three High-Net Worth Individuals
As Finance Magnates reported on Tuesday, as a response to Russia sending troops to Luhansk and Donetsk in Ukraine, the UK introduced sanctions in opposition to 5 Russian banks and three high-net-worth people.
The Russian banks are Rossiya, IS Bank, General Bank, promsvyazbank and the Black Sea Bank. The high-net value people are Gennady Timchenko, Boris Rotenberg and Igor Rotenberg.
Read extra on the UK Russian Sanctions right here.
Playtech CEO Wants to Join TTB Investor Group for Takeover Bid
Playtech (LON: PTEC) introduced on Monday that it launched TTB Partners from the restrictions of creating an acquisition provide. TTB approached the gaming expertise firm with its curiosity in making a contemporary bid after Playtech shareholders rejected Aristocrat Leisure’s acquisition provide.
TTB, which is the father or mother of Hong Kong-based Gopher Investments, approached Playtech on behalf of an investor group for making the brand new provide. However, the corporate was restricted from making contemporary bids as Gopher confirmed curiosity in buying Playtech earlier however later retracted.
Further, Playtech’s CEO, Mor Weizer, and former Director, Thomas Hall, additionally approached TTB expressing their curiosity in taking part within the investor group that’s planning to make the provide.
Read extra on the most recent Playtech acquisition information right here.
Bitcoin Is Changing the Script
“Bitcoin is the master storyteller, or the most compelling protagonist because it has the ability to shift and reshape even as it stays the same, altering its plotline to fit with the pressing concerns of the moment. Bitcoin fixes this and runs the cliché, but what’s remarkable is that whatever the state of the world and its current malady, Bitcoin is so often held up as the best, or only, salve.”
Read the most recent Sam White op-ed on why Bitcoin is altering the script right here.
Bitpanda Enters UK Acquiring FCA-Regulated Trustology
Austrian crypto unicorn, Bitpanda has entered the United Kingdom with the acquisition of London-based Trustology, a regulated institutional cryptocurrency custodian pockets supplier. The monetary phrases of the deal stay unknown.
Announced on Tuesday, the brand new proprietor will rebrand FCA-regulated Trustology to Bitpanda Custody. The Austrian firm will principally streamline its European and new UK operations underneath the identical branding. According to Bitpanda, the acquisition will make it one of many largest crypto custodians on a world scale.
Read extra on Bitpanda’s Trustology acquisition right here.
Trading 212 Sees 318% Rise in 2020 Revenue, Seeks German License
London-headquartered Trading 212 printed its annual financials for 2020, reporting virtually a 318 % leap in its income. The group firm generated £124.1 million in income in 2020, leaping from £29.7 million within the prior 12 months.
Additionally, the pre-tax earnings jumped 60 % to £15.2 million. The after-tax earnings got here in at £10.1 million, enhancing from the earlier 12 months’s £8.5 million.
Read extra on the Trading 212 Revenue Rise right here.
CFTC Busts Golden Signals for Binary Options Fraud, Seeks $2.6M
The Commodity Futures Trading Commission (CFTC) has busted one other fraudulent buying and selling scheme that was soliciting victims with binary choices. The regulator issued an enforcement order in opposition to Golden Signals LLC and its proprietor Richard D. Neal for fraud however has already settled for $2.6 million.
The scheme operated between October 2016 and November 2021, when Neal and his firm engaged in binary choices solicitation and buying and selling fraud.
Read extra on the most recent Binary Options CFTC bust right here.
What Will Be the Future of Crypto Lending?
Crypto lending platforms have change into very talked-about over the previous few years. Demand for his or her companies has soared amongst retail digital asset holders.
However, in contrast to the banking business that’s closely regulated, these crypto lending platforms are working in an unregulated market with none regulatory oversight.
In a Finance Magnates evaluation, we checked out what’s in retailer for crypto lending.
Read extra on the way forward for crypto lending right here.
Analysis: November Brought Second Highest FX Deposits in 2021
This week noticed the discharge of an evaluation of the FX business by the Finance Magnates Intelligence crew for the month of November.
After an unusually excessive variety of depositors in October, what have been November’s numbers like? Which GEO’s noticed the best depositors?
Read extra on the November 2021 FX information right here.
NFTs: Psychedelic Crypto
In the final 12 months or so, NFTs have damaged into the foreground of the crypto world, however how do NFTs match into broader market actions and the general crypto sentiment?
Sam White discusses the idea of NFTs as Psychedelic crypto.
Read extra on NFTs: Psychedelic Crypto right here.
To A-Book or B-Book: The Review of the Two Decades
The Finance Magnates Intelligence crew takes a take a look at the FX/CFD business over the past 20 years.
We delved into what dealing fashions labored the very best over time, and which mannequin ought to a dealer select when getting into the FX/CFD business in 2022.
Read extra on the 20 years of FX/CFD business assessment right here.
As February attracts to a detailed, and the small matter of a attainable WW3 is dominating the information, let’s have a look again on the information tales from the worlds of Forex, Fintech and Crypto in our greatest of the week section.
Ukraine Passes Bill Legalizing Cryptocurrency
With Russian tanks on the Ukrainian border, the Ukraine parliament introduced that it handed a invoice to legalise cryptocurrencies, thus making using digital property a lot simpler within the nation.
Mykhailo Fedorov, the Ukraine Deputy Prime Minister and the Minister for Digital Transformation, acknowledged: “This will legalize crypto exchanges and cryptocurrencies, and Ukrainians could protect their assets from possible abuse or fraud.”
Read extra on the Ukraine legalizing crypto invoice right here.
Related content material
Russia-Ukraine Conflict: Where Are Bitcoin and Crude Oil Heading?
As occasions unfurled in Ukraine, Finance Magnates regarded on the impression the battle was having on two extensively traded property: Crude Oil and Bitcoin.
For instance, Russia is at the moment the world’s third-largest bitcoin mining hub. Approximately 11% of bitcoin mining takes place in Russia.
Read extra on the impression of the Russia-Ukraine battle on Bitcoin and Oil right here.
UK Sanctions 5 Russian Banks and Three High-Net Worth Individuals
As Finance Magnates reported on Tuesday, as a response to Russia sending troops to Luhansk and Donetsk in Ukraine, the UK introduced sanctions in opposition to 5 Russian banks and three high-net-worth people.
The Russian banks are Rossiya, IS Bank, General Bank, promsvyazbank and the Black Sea Bank. The high-net value people are Gennady Timchenko, Boris Rotenberg and Igor Rotenberg.
Read extra on the UK Russian Sanctions right here.
Playtech CEO Wants to Join TTB Investor Group for Takeover Bid
Playtech (LON: PTEC) introduced on Monday that it launched TTB Partners from the restrictions of creating an acquisition provide. TTB approached the gaming expertise firm with its curiosity in making a contemporary bid after Playtech shareholders rejected Aristocrat Leisure’s acquisition provide.
TTB, which is the father or mother of Hong Kong-based Gopher Investments, approached Playtech on behalf of an investor group for making the brand new provide. However, the corporate was restricted from making contemporary bids as Gopher confirmed curiosity in buying Playtech earlier however later retracted.
Further, Playtech’s CEO, Mor Weizer, and former Director, Thomas Hall, additionally approached TTB expressing their curiosity in taking part within the investor group that’s planning to make the provide.
Read extra on the most recent Playtech acquisition information right here.
Bitcoin Is Changing the Script
“Bitcoin is the master storyteller, or the most compelling protagonist because it has the ability to shift and reshape even as it stays the same, altering its plotline to fit with the pressing concerns of the moment. Bitcoin fixes this and runs the cliché, but what’s remarkable is that whatever the state of the world and its current malady, Bitcoin is so often held up as the best, or only, salve.”
Read the most recent Sam White op-ed on why Bitcoin is altering the script right here.
Bitpanda Enters UK Acquiring FCA-Regulated Trustology
Austrian crypto unicorn, Bitpanda has entered the United Kingdom with the acquisition of London-based Trustology, a regulated institutional cryptocurrency custodian pockets supplier. The monetary phrases of the deal stay unknown.
Announced on Tuesday, the brand new proprietor will rebrand FCA-regulated Trustology to Bitpanda Custody. The Austrian firm will principally streamline its European and new UK operations underneath the identical branding. According to Bitpanda, the acquisition will make it one of many largest crypto custodians on a world scale.
Read extra on Bitpanda’s Trustology acquisition right here.
Trading 212 Sees 318% Rise in 2020 Revenue, Seeks German License
London-headquartered Trading 212 printed its annual financials for 2020, reporting virtually a 318 % leap in its income. The group firm generated £124.1 million in income in 2020, leaping from £29.7 million within the prior 12 months.
Additionally, the pre-tax earnings jumped 60 % to £15.2 million. The after-tax earnings got here in at £10.1 million, enhancing from the earlier 12 months’s £8.5 million.
Read extra on the Trading 212 Revenue Rise right here.
CFTC Busts Golden Signals for Binary Options Fraud, Seeks $2.6M
The Commodity Futures Trading Commission (CFTC) has busted one other fraudulent buying and selling scheme that was soliciting victims with binary choices. The regulator issued an enforcement order in opposition to Golden Signals LLC and its proprietor Richard D. Neal for fraud however has already settled for $2.6 million.
The scheme operated between October 2016 and November 2021, when Neal and his firm engaged in binary choices solicitation and buying and selling fraud.
Read extra on the most recent Binary Options CFTC bust right here.
What Will Be the Future of Crypto Lending?
Crypto lending platforms have change into very talked-about over the previous few years. Demand for his or her companies has soared amongst retail digital asset holders.
However, in contrast to the banking business that’s closely regulated, these crypto lending platforms are working in an unregulated market with none regulatory oversight.
In a Finance Magnates evaluation, we checked out what’s in retailer for crypto lending.
Read extra on the way forward for crypto lending right here.
Analysis: November Brought Second Highest FX Deposits in 2021
This week noticed the discharge of an evaluation of the FX business by the Finance Magnates Intelligence crew for the month of November.
After an unusually excessive variety of depositors in October, what have been November’s numbers like? Which GEO’s noticed the best depositors?
Read extra on the November 2021 FX information right here.
NFTs: Psychedelic Crypto
In the final 12 months or so, NFTs have damaged into the foreground of the crypto world, however how do NFTs match into broader market actions and the general crypto sentiment?
Sam White discusses the idea of NFTs as Psychedelic crypto.
Read extra on NFTs: Psychedelic Crypto right here.
To A-Book or B-Book: The Review of the Two Decades
The Finance Magnates Intelligence crew takes a take a look at the FX/CFD business over the past 20 years.
We delved into what dealing fashions labored the very best over time, and which mannequin ought to a dealer select when getting into the FX/CFD business in 2022.
Read extra on the 20 years of FX/CFD business assessment right here.
