Entire accounts were wiped out as XRP/USD on the Bitmex exchange tanked. Bitmex is not compensating traders whose stops were not executed. The Crypto Twitter community chimes in on the shocking development. Bitmex is once again grabbing headlines for all the wrong reasons. One of its newest products, the XRP/USD Perpetual Quanto Swap Contract, lost more than half of its value in a blink of an eye. The asset nosedived from $0.32 to $0.14 in one five-minute candle. The...
Read More »Binance Is Heading Toward Global Fiat Market Seizure, 15 Fiat Currencies Added
Binance is extending partnership with Simplex to provide more fiat payment gateways and eliminate traction. The exchange seems to be aiming at global fiat to crypto payments dominance.Binance is adding more and more fiat currencies on its way to global dominance. It’s one of the major exchanges for cryptocurrency novices and pros,Israeli cryptocurrency payments startup Simpex will help the Binance exchange with the handling of fiat payments. Binance announced on Friday that users now can buy...
Read More »Crypto-Broker Instacoins Receives Operating License in Estonia
Place/Date: Estonia - February 14th, 2020 at 1:21 pm UTC · 2 min read Contact: Instacoins, Source: Instacoins Estonia OÜ Instacoins Estonia OÜ, a cryptocurrency brokerage, is pleased to announce it has received an operating license from the Estonian Financial Intelligence Unit (FIU). The company is now fully regulated under Estonian law to provide services of exchanging virtual currency against fiat.Last year, Estonia tightened its regulations on preventing money laundering and criminal...
Read More »Xiaomi Launches Mi 10 and and Mi 10 Pro Flagship 5G Phones in China
Xiaomi Mi 10 and Mi 10 Pro 5G phones have been in China. They were expected to make their European debut on February 23 ahead of the big MWC phone show in Barcelona but it was canceled over concerns with the spread of the coronavirus.The fourth-biggest mobile phone producer Chinese Xiaomi launched its new 5G-capable Mi 10 and Mi 10 Pro flagship smartphones. This is a try to recuperate its sales that were declining in the home market for a while. However, the company is going pretty well in...
Read More »Digital Dollar Could Become a Reality as U.S. Fed Seems to Be Rather Bullish on It
The U.S. policymakers believe that a digital dollar could have to preserve the primacy of their currency worldwide.The U.S. policymakers have recently been pushing the country to adopt a digital currency that is backed by the dollar. Led by the treasury secretary, Steven Mnuchin and Arkansas Republic Senator, Tom Cotton, they have been very vocal at the U.S. senate-house regarding the digital currency matter.Another important figure pushing for the same is the nominee for the Federal Reserve...
Read More »Crypto-Broker Instacoins Receives Operating License in Estonia
Instacoins Estonia OÜ, a cryptocurrency brokerage, is pleased to announce it has received an operating license from the Estonian Financial Intelligence Unit (FIU). The company is now fully regulated under Estonian law to provide services of exchanging virtual currency against fiat.Last year, Estonia tightened its regulations on preventing money laundering and criminal activities in connection with crypto-currencies and licensing virtual currency service providers. Following these measures,...
Read More »TRON Price Analysis: TRX Crossing 5-Month Highs Eyeing $0.03 As Next Target
Tron surged above 3-month high, but the break is yet to confirm against BitcoinTRX is poised for massive gains, but the price is still trading at a crucial resistance levelAgainst USD, Tron is showing a lot of strength but trapped in a rising channel.TRX/USD: TRX Crossed Five-Month High Following A Weekly Surge, Is $0.030 Next Bullish Target?Key Resistance Levels: $0.030, $0.035Key Support Levels: $0.022, $0.020TRX/USD. Source: TradingViewSince our previous analysis, Tron witnessed an...
Read More »Nissan Stock Reaches 10-Year Low as Nissan Reports Its Earnings
Nissan stock has fallen to the lowest level in 10 years as the company has reported its earnings and is still under the pressure of the scandal surrounding former chairman Carlos Ghosn.Japanese automaker Nissan Motor Co. reported its operating income for the three months ending on December 31, 2019, amounted to ¥22.735 billion (around $207 million), significantly lower than market estimates and falling 78% on an annual basis.Net sales for the third fiscal quarter declined 17% to ¥2.5 trillion...
Read More »Brazil’s Largest Crypto-Friendly Bank Posts 42% Rise In Q4 2019
The largest standalone investment bank in Latin America, Banco BTG Pactual SA, recorded an impressive 42% net income growth during last year’s fourth quarter.The bank is regarded as one of the cryptocurrency-friendly traditional banking establishments. Last year, BTG started utilizing the Ethereum and Tezos blockchain networks for security token offerings.BTG’s Net Income On The RiseAs reported earlier today by Reuters, BTG’s Q4 numbers have exceeded analysts’ expectations.The recurring net...
Read More »RBS Stock Is Unstable as RBS Plans to Rebrand as Natwest and Posts £4.2B Profit
RBS impressed investors by beating analysts’ profit expectations by around £400m despite subdued growth in the UK economy. RBS stock is quite unstable these days as the company is planning to change its name to Natwest.New Chief Executive of Royal Bank of Scotland Alison Rose disclosed new plans of action for the taxpayer-backed bank on Friday. What is interesting that she added severe cuts on the size of its loss-making investment bank. She also decided to rebrand the company to NatWest.Back...
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