Billy Markus, the co-founder and engineer of Dogecoin (DOGE), who also sold off his DOGE stash for the equivalent of a used Honda Civic in 2015, has entered the nonfungible token (NFT) market. On June 9, Markus unveiled the drop of Doge-based NFTs dubbed “Capped Dogecoin” which he described as […]
Crypto hardware wallet maker, Ledger has secured $380 million in its Series C funding round closed recently, making it one of the highest venture capital funding rounds of the cryptocurrency industry. Announced on Thursday, the crypto startup now has an implied valuation of more than $1.5 billion after the funding. […]
The Securities and Exchange Commission (SEC) staff has received a new order from Chairperson Gary Gensler to draft new capital market rules that will ensure fair competition between exchanges and brokers, Reuters reported. Speaking at a virtual conference on Wednesday organized by Piper Sandler, Gensler revealed the regulator’s aim to […]
New submissions by a South African regulator, the Financial Sector Conduct Authority (FSCA) and liquidators have exposed the web of lies and deceptive tactics that were used by Mirror Trading International (MTI) CEO Johann Steynberg and others to perpetuate the Ponzi scheme. Undeclared Losses In its report filed with the […]
Berkshire Hathaway, the company led by CEO Warren Buffett, has invested $500 million in a pro-bitcoin digital bank. Nubank says it will offer bitcoin investment following its acquisition of brokerage firm Easynvest which offers the trading of Brazil’s first bitcoin exchange-traded fund (ETF). Berkshire Hathaway Invests in Pro-Bitcoin Digital Bank […]
Nayib Bukele, the President of El Salvador, has announced on Wednesday that LaGeo SV, the country’s geothermal electrical company, will be building a plan to establish geothermal facilities for Bitcoin (BTC) mining in the wake of making the crypto officially a legal tender. “I’ve just instructed the president of LaGeoSV […]
Finance Magnates spoke with VT Markets’ Managing Director Chris Nelson-Smith for his perspective on the company’s transition to MT5, branding, and trajectory in 2021. Mr. Nelson-Smith is no stranger to the industry, having held senior level roles at GAIN Capital, VantageFX, and VT Markets, part of a career spanning 15 years, focusing […]
Coinbase, Kraken, Hong Kong-based Bitfinex, and KuCoin are among exchanges eying the Indian crypto market despite unclear regulation hindering regulated banks and financial institutions from offering services to crypto exchanges and businesses. A source familiar with the matter said that the companies “have already begun talks to understand the Indian […]
Blockchain technology is offering the healthcare sector the means to drastically improve data handling to ensure healthier and more efficient outcomes for both providers and consumers alike. The first day of the CoinGeek Conference in Zurich brought hopes of improving the notoriously problematic management of healthcare data. On hand to […]
FX and CFDs broker, FBS has strengthened its team in the Middle East by on-boarded Ahmed Negm as the Head of Research Department in its office in Egypt. Negm already joined the brokerage earlier this month, according to his Linkedin profile. He is a trading industry insider, having spent all […]
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