CryptoCurrency – Finance Magnates | Financial and business news
Binance has introduced spot copy trading to enable traders to replicate expert trading strategies. The new feature enables users to automatically replicate the trades of lead traders. Unlike futures trading, which involves leverage and heightened risk, spot trading offers a more straightforward, Binance said in a statement today (Wednesday).Up to...
Stablecoin issuer Circle plans to move its legal base from Ireland to the US, according to recent court filings, Bloomberg reported. This action is significant for the company behind the second-largest stablecoin, USDC, ahead of its anticipated initial public offering. The decision to shift its legal base has significant implications for Circle,...
Interactive Brokers (Nasdaq: IBKR) has expanded its offerings on its platform in the United Kingdom by launching cryptocurrency trading. Investors, both individuals and institutional, onboarded under the brokerage's UK entity can now trade four cryptocurrencies: Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.Expansion of Crypto TradingAnnounced today...
Although Robinhood may face enforcement actions in the United States for its cryptocurrency offerings, it is expanding its services in Europe further. Today (Wednesday), the brokerage has announced its first crypto staking services for Solana holders, which will be available only to its customers in Europe.Robinhood's First Crypto Staking ServiceApart...
The Oost-Brabant district court in the Netherlands has sentenced Alexey Pertsev, co-developer of the popular cryptocurrency mixing tool Tornado Cash, to 64 months in prison for his role in creating and maintaining the platform. The court alleges that Tornado Cash enables "criminal activity and terrorism" by concealing the origin, destination and...
A court in the United Kingdom has ordered the winding up of Amey Finance Academy, which offered cryptocurrency investment advice, after many of its customers lost their money. The company even had ties with a $1.7 billion crypto Ponzi scheme and told one of its customers that its advice was “100 certy” and “trust me bro.”A Shutdown Order by the CourtThe...
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