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DeFinity Markets has announced the integration ofChainalysis, a blockchain data platform, into its institutional digital assetplatform. The move aims to support risk management and compliance measures.Chainalysis Expands Global Compliance ReachChainalysis provides blockchain analytics and compliancetools to a global clientele, including government agencies, cryptocurrencyexchanges, and financial institutions in over 70 countries. Its technologysupports real-time transaction monitoring and has been used to address criminalactivities in the digital asset space."We arethrilled to bring cutting-edge compliance solutions to our users operatingwithin the dynamic digital asset market,” Chris Park, Chief Risk Officer at DeFinity Markets,remarked.“Thisintegration seamlessly aligns with our mission to provide transparency andsecurity to our esteemed institutional clients. With the wealth of expertisethat Chainalysis brings to the table, we are poised to strengthen our positionas the preeminent venue for institutional Digital Asset traders."Chainalysis KYT Enhances SecurityDeFinity Markets has integrated Chainalysis’ KYT (Know YourTransaction) solution to improve transaction monitoring. The platform aims toensure adherence to regulatory protocols while enhancing transparency andsecurity for its clients.According to DeFinity Markets, this development is part of itsstrategy to build trust within the digital asset sector, focusing on secure andtransparent trading environments for institutional investors.Alex Cable, VPNorth EMEA, Chainalysis:"In today’s dynamic cryptocurrency landscape, trust and security areparamount. DeFinity Markets is on a mission to uphold high standards ofcompliance and risk management. By leveraging blockchain’s inherenttransparency, they are able to provide a secure and reliable platform for theirclients.” DeFinity Markets Partners with FireblocksMeanwhile, DeFinityMarkets has added Fireblocks to its system. Fireblocks, which providessecure infrastructure for blockchain applications, will support storage andtransactions for specific API clients, as reported by Finance Magnates.The integration brings together Fireblocks' securityfeatures with DeFinity's trading and settlement functions, aiming to simplifytrading processes. The collaboration seeks to enhance security, transparency,and efficiency for institutional clients.This article was written by Tareq Sikder at www.financemagnates.com.
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The Finance Magnates London Summit (FMLS:24) has officially started with the much-anticipated Networking Blitz Opening Party. The event offers industryprofessionals the opportunity to connect before the main event starts.Held at The Folly, this kickoff combinesnetworking, conversation, and casual fun. The Networking Blitz has become a key tradition of theLondon Summit, drawing finance professionals from diverse sectors, includingonline trading, payments, crypto, and fintech, for a night full of drinks, snacks, and crucial networking opportunities.This opening night party sets the stage for the two daysahead, giving participants the chance to mingle and exchange ideas. Attendees are now gatheredat The Folly, a serene downtown London venue. Now in its Thirteenth year, the FMLS will feature some of the big brands in the industry and C-level executives. Registration will continue on-site tomorrow at Old Billingsgate.Indeed, the Blitz is back at The Folly. The venue is exclusive and has the right atmosphere for business conversations and connections. Strategically located in downtown London, the networking event allows participants to connect in an engaging yet informal environment.The Finance Magnates London Summit is a major industry gathering targeting the financial services community. Companies in retail and institutional brokerage businesses, banking, fintech, crypto, and even regulators will showcase their services and share fresh ideas and the latest innovations. The highlight of the 2.5-day summit is the FMLSAwards, an important opportunity to recognize outstanding performance acrossvarious business categories in the industry. To keep up to date with the event,you can download the FMLs Event App.The app allows attendees to chat with peers, access event details, view the agenda, explore speaker profiles, and organize their schedules accordingly. It is exclusively available to FMLS attendees.On Tuesday and Wednesday, FMLS:24 will host two daysof exhibitions at Old Billingsgate, along with content rooms and dedicatednetworking areas. Wednesday will offer additional networking opportunities,with the summit concluding at the Awards ceremony.This article was written by Jared Kirui at www.financemagnates.com.
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Changelly, a global instant crypto exchange platform, announces its Black Friday campaign from November 15 through December 6, 2024. Aiming to boost mass adoption and make crypto more accessible to users during the Black Friday season, Changelly has launched a selection of deals, promo codes, and discounts for its new and loyal users. Changelly's Black Friday campaign aims to introduce the spirit of the traditional shopping season to the Web3 space and its users.With Topper by Uphold as the general partner and Cointelegraph as the media partner, Changelly’s Black Friday aims to boost the crypto experience of all its participants and features an array of offers:Reduced Fees for Crypto ExchangesChangelly gives users the option to exchange crypto assets at competitive floating rates. For transactions of $500 and above, users can get special discounted rates by applying the promo code BF2024. This offer provides users with a discount of up to $1,000 on fees and aims to position Changelly as a cost-effective instant exchange platform in the market during this holiday season.$5,000 Giveaway to 5 Winners To drive user engagement, Changelly has announced a Black Friday giveaway. All registered users who complete any purchase or exchange at floating rates through December 6 will be automatically entered into the draw. Five winners will get to share a $5,000 prize pool.Discounts on Service Fees while Purchasing CryptoThrough an alliance with Topper by Uphold, Changelly's fiat provider and the general partner of this campaign, the platform is offering a 50% reduction on processing fees for cryptocurrency purchases. This discount is accessible to users by applying the promo code BUY2024, designed to lower the barrier to entry for those looking to invest in digital assets.Zifa Mae, Head of Product at Changelly, shared a distinctive perspective on the campaign: "This Black Friday, we're not just slashing prices—we're redefining the crypto landscape with tailored offers for this holiday season. Our platform is becoming a crucible where market volatility meets opportunity, allowing both seasoned traders and crypto-curious individuals to forge their financial futures. We're not merely facilitating transactions; we're catalyzing a shift in how people perceive and interact with digital assets during this high-stakes period."“Changelly has a knack for identifying amazing milestones in the industry and celebrating them. Topper is thrilled to partner with Changelly again on an exciting promotion for their existing community and newcomers, especially at a time when there’s a lot of enthusiasm for the crypto market.”—Robin O’Connell, CEO at Uphold Enterprise, commented.About ChangellyChangelly (https://changelly.com/) is a global crypto exchange platform serving over 7 million users worldwide. Founded in 2015, Changelly offers crypto-to-crypto and fiat-to-crypto exchanges of over 330,000 trading pairs with 24/7 live customer support. As a CeDeFi ecosystem, Changelly provides its B2B partners with instant exchange APIs, a platform for listing, and a DEX aggregator for decentralized swaps.About TopperTopper, the easy fiat on-ramp, is a quick-to-implement web3 payment tool that lets crypto projects process more of their customers’ payments. The Topper payment widget is built to simplify the payment process, accept more currencies, and deliver higher approval rates. Developed by Uphold, the web3 financial platform.This article was written by FM Contributors at www.financemagnates.com.
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Revolut Ltd. will start offering trading of UK and EU-listedstocks in 2025. The company recently received approval from the FinancialConduct Authority (FCA) to operate as an investment firm. This approval allowsRevolut to expand its services.Revolut Targets UK Stock MarketRevolut had been developing the necessary technology beforeobtaining the license, according to Yana Shkrebenkova, the company's head ofwealth and trading in the UK. The trading license will enable Revolut to workwith more brokers and expand its UK customer base.Revolut will enter a competitive UK stock trading market. Itwill compete with firms like Trading 212 Group Ltd. and Freetrade Ltd.,alongside established companies such as Hargreaves Lansdown Plc and AJ BellPlc. The UK government is pushing for more investment in local equities,prompting changes to the FCA's listing rules in July to make the market moreattractive.Revolut will offer trading of UK and EU-listed stocks from next year, as competition among retail brokers serving British investors intensifies https://t.co/pkwSz1t18p— Bloomberg UK (@BloombergUK) November 18, 2024Meanwhile, Revolutis expanding its mergers and acquisitions (M&A) division, indicatingpotential interest in acquiring other businesses, as reported by Finance Magnates. The firm is alsoextending its crypto platform, Revolut X, to 30 additional EEA markets,offering access to over 200 tokens with competitive fees.A recent job posting suggests the company is strengtheningits M&A team. Despite the current economic uncertainty, which has promptedsome tech companies to cut spending, Revolut appears to be focused on growth.European Investment App Targets GrowthCurrently, Revolut offers US stock trading through athird-party partnership. About 650,000 UK users use its trading service, out ofmore than 10 million banking app users.In September, Revolut launched a standalone investment appin several European countries, aiming to compete with platforms like Robinhoodand eToro. If the European launch is successful, it will also expand the app tothe UK.Revolut is also exploring support for tax-advantagedaccounts like stocks and shares ISAs, as well as bonds. It is consideringadding margin investing, similar to Robinhood’s offering.Founded in 2015, Revolut was valued at $45 billion duringits latest investment round. The company also plans an initial public offeringin the future, according to Francesca Carlesi, Revolut’s UK chief.This article was written by Tareq Sikder at www.financemagnates.com.
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Bitcoin(BTC) has grown to become one of the most traded digital assets in the world.Its trading volume reflects the immense interest in this cryptocurrency, frominstitutional investors to retail traders. In this article, we’ll explore thereasons behind Bitcoin’s high trading activity and how the dynamics of thecrypto market drive its popularity in 2024.In October2024, trading volumes reached some of the highest levels this year. Compared to2023, there was an increase of over 80%, with some exchanges experiencinggrowth up to 250%.What Is Bitcoin TradingVolume?Bitcointrading volume refers to the total amount of Bitcoin bought and sold onexchanges within a specific time period. It’s a key metric in thecryptocurrency market, offering insights into liquidity, demand, and overallmarket health.Highervolume oftenindicates strong market activity and liquidity.Lowervolume can suggestreduced interest or a more volatile market environment.Bitcointrading volumes can reach all-time highs during periods of market surges orsignificant news events. For example, during the 2021 bull run, Bitcoin volumesskyrocketed alongside its price surge. We observed the same dynamic in March2024 and currently in October 2024.Factors Driving HighBitcoin Trading VolumeInstitutional AdoptionInstitutionalinvestors have embraced Bitcoin as a legitimate asset class.Companieslike MicroStrategy and Tesla have added Bitcoin to their balance sheets.Theapproval of Bitcoin Exchange-Traded Funds (ETFs), including BlackRock’s, hasmade it easier for financial institutions to invest.In 2024,financial institutions processed record Bitcoin trades, boosting marketliquidity.2. Retail Investor ActivityRetailinvestors remain a vital part of the crypto market.Platformslike Coinbase and Binance allow retail traders to engage in Bitcoin tradingwith ease.Duringprice surges, retail activity often spikes. For example, in October 2024,Coinbase saw $62.5 billion in trading volume, marking a significant rise fromearlier months.3. Global Adoption of CryptocurrenciesBitcoin’sappeal as a currency and store of value has spread worldwide.Countrieslike El Salvador and the Central African Republic have adopted Bitcoin as legaltender.Digitalcurrencies like Bitcoin are gaining popularity as alternatives to fiat inregions facing economic instability.4. Volatility and Speculative TradingBitcoin’svolatility is a double-edged sword, attracting both short-term speculators andlong-term investors.In 2024,Bitcoin’s price crossed $92,000 after a market surge triggered by favorableregulatory developments and geopolitical changes.Speculatorsoften use leverage on crypto exchanges like ByBit and OKX, amplifying tradingactivity.CryptoQuant founder: Bitcoin trading volume below $100,000 hits 3-year highKi Young Ju, founder and CEO of CryptoQuant, released data on the X platform saying that the trading volume of Bitcoin below $100,000 hit a three-year high, which indicates the entry of retail investor…— Bpay News (@bpaynews) November 18, 20245. Whale and Bot ActivityWhales, orentities holding large amounts of Bitcoin, often contribute to trading spikes.Largetrades can trigger significant trading activity, influencing market sentiment.Tradingbots also account for a portion of trading volume, especially on platformsoffering algorithmic trading options.Data: Bitcoin TradingVolume by Exchange (October 2024)After a relatively weak September, with trading volumes dropping to the year's lowest level of $715 billion, October saw a clear rebound, reaching $820 billion. Although this figure is still far from the over $2 trillion reported in March when Bitcoin tested its all-time highs, the ongoing month of November is set to bring new records. This is particularly notable as Bitcoin surpassed its previous historical peaks during November, climbing to $93,000. Significantly, trading volume grew sharply year-over-year, increasing by 83% compared to the $401 billion reported in October 2023. The strongest annual growth was oBinancedominates the cryptocurrency exchange landscape…
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After months of buildup and hype the Finance Magnates London Summit (FMLS:24) kicks off tonight with the Networking Blitz Opening party. Held at The Folly in downtown London, summit attendees can take advantage of this exclusive networking party with a twist, relaxing over drinks and snacks. Join fellow participants for a night of revelry and entertainment that will help set the pace for the following two days of exhibition and content at London Summit.FMLS returns for its incredible thirteenth year, drawing some of the biggest names, brands, and C-suite executives from around the industry. Covering the online trading, payments, crypto, and fintech space, the summit has something for everyone. Registration is still available on-site tomorrow at Old Billingsgate.Get Your London Summit Started Right with the Networking BlitzWhether this is your first time or are a returning guest, the Networking Blitz Opening party is a tradition at every London Summit, bringing together join hundreds of finance professionals. The night will provide plenty of opportunities for discussions, potential business, snacks & drinks, fresh ideas, and of course networking. There is simply no better forum for meeting new contacts, exchanging insights, and exploring new business opportunities with the people who drive the industry.Each year, this party also serves a crucial role in helping breaking the ice and driving conversations that extend into the following two days of the summit. The Blitz also enables attendees to form personal and professional bonds in a less formal environment, priming them for the sessions, panels, and discussions that follow. These things make this networking event the perfect prelude for the rest of FMLS:24.The Blitz returns this year to The Folly, an exclusive venue designed to create the right ambiance for conversations and connections. Strategically located in downtown London, this party allows participants to seamlessly blend business and social interaction with an environment that is both informal and engaging. There is no better time for attendees to introduce themselves to others without the formalities of a structured conference session. Whether at the bar or over small bites, these informal chats often pave the way for more serious discussions later on.The Networking Opening Blitz is one event you cannot afford to miss tonight so be sure to stop by The Folly. This article was written by Jeff Patterson at www.financemagnates.com.
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WhiteBIT, one of the largest cryptocurrency exchanges in Europe, has announced the launch of its Affiliate Program. Aimed at expanding the platform's reach and rewarding participants, the program offers partners to earn commissions by referring new customers to the exchange. This is another step in the company's strategy to build a global community of partners and accelerate the mass adoption of blockchain.Key Advantages of the WhiteBIT Affiliate Program:Up to 60% of Affiliate Bonuses: Affiliates can earn bonuses from the trading fees paid by their invited users. The more their audience trades, the higher the affiliate’s potential earnings. With a maximum rate of 60%, this bonus structure aims to be among the most competitive in the market.Custom Campaigns: Affiliates have the flexibility to share bonuses with their referred users, taking full control of their earnings. They can also create personalized campaigns with unique offers for their audience, maximizing the effectiveness of their promotional efforts and attracting more tradersDaily Payouts: WhiteBIT provides daily bonus payouts to its affiliates, offering regular compensation aligned with trading activityConvenient Analytics Dashboard: Affiliates can monitor their performance and earnings through a user-friendly dashboard that provides detailed analytics aimed to help optimize profits. Affiliate Community: In an exclusive and closed community, affiliates are the first to receive updates about new and upcoming promotional campaigns and offers on WhiteBIT, which they can share with their audiences.Special Offer for New AffiliatesThrough the end of 2024, WhiteBIT is rolling out an exclusive promotion for new affiliates, offering up to 35 USDT in extra rewards for each referral publication and an additional 31 USDT for every new user they bring onboard. This presents a valuable opportunity for affiliates to potentially maximize their earnings while promoting one of Europe's leading cryptocurrency exchanges.With the launch of the affiliate program, WhiteBIT reinforces its commitment to building a global network of crypto enthusiasts and partners. Whether they're a content creator, influencer, or publisher, this program offers an opportunity to grow with the platform and potentially earn rewards while helping others discover the benefits of digital assets.About WhiteBITWhiteBIT (https://whitebit.com) is one of the largest European centralized crypto exchanges with over 5 million users, founded in 2018. The exchange offers 600+ trading pairs, 300+ digital assets, and 9 fiat currencies. The company is an official partner of the Ukrainian national football team, FC Barcelona, FC Trabzonspor, FACEIT. The goal of WhiteBIT is the mass implementation of blockchain technology worldwide.This article was written by FM Contributors at www.financemagnates.com.
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Italy's securities regulator, Consob, issued an urgent warning about a surge in financial fraud schemes operating through WhatsApp. According to the market watchdog, scammersimpersonate prestigious firms like Morgan Stanley and BlackRock to bait and targetunsuspecting investors.WhatsApp Emerges as NewChannel for Investment ScamsThefraudulent operations follow a familiar pattern where unauthorized operatorspromote seemingly lucrative investment opportunities through mobile messagingplatforms, specifically targeting retail investors through their smartphones.“Thepattern is always the same: unauthorized operators promote illicit offers onthe web that are apparently very advantageous, but behind which, however, ascam may be hidden,” Consob commented inthe newest warning. “In this specific case, the brands of Morgan Stanleyand Blackrock are used as a decoy, two large institutional investors whoseinvestment strategies they propose to replicate.”Theregulatory warning comes amid growing concerns about the evolution of financialfraud beyond traditional channels. The schemes typically promise to replicatethe investment strategies of well-known investors, using their reputation asbait to lure potential victims.This datais supported by a survey conducted earlier this year by Finance Magnatesand FXStreet. The poll indicates that scams on WhatsApp and Telegram,another popular chat app, are the most likely to result in financial losses forvictims, occurring in approximately 60% of cases.Traders on WhatsApp AreVulnerableA survey of631 traders has highlighted Telegram as the riskiest platform for tradingscams, with 60% of targeted traders reporting financial losses. Similar figureswere recorded for WhatsApp, while Facebook, Instagram, and SMS followed with56%, 51.8%, and 50% respectively. Traders on X (formerly Twitter) and LinkedInexperienced slightly lower rates of loss, at 43.7% and 45.4%.WhileFacebook was previously identified as a major hub for scams targeting traders,the latest data suggests that Telegram users face an even higher risk. Anothersurvey by Finance Magnates and FXStreet found that rookie traders, comprising21.8% of respondents, were far less confident in avoiding scams compared totheir more experienced counterparts. According to an industry expert, educatingnew traders on scam avoidance could be an essential starting point for safertrading practices.Discord Joins The ChatDiscord,originally designed for gamers, has also become a popular platform among retailtraders, offering a virtual trading floor where users can engage in real-timediscussions on market movements via desktop or mobile. This digital shift istransforming retail trading into a social experience, attracting moreparticipants every day. However, the platform's growing influence has alsobrought challenges, particularly in regulating its use for trading activities.Yohay Elam,Product Manager at FxStreet, identifies four reasons behind Discord'spopularity among retail traders:“First,many of them have been used to seeking advice – and commiseration – in onlineforums, and Discord provides an upgraded experience thanks to its ease of use,”Elam commented. “Secondly, there is a significant overlap between the gamingworld, where Discord originated, and the trader world. The users share many ofthe characteristics. Retail traders became familiar with Discord via gaming,and using the platform in their community was a smooth transition.”However,Discord's anonymity and private channels have made it a breeding ground fordubious activities, including pump-and-dump schemes and scams targetinginexperienced traders. The lack of oversight enables influencers to manipulatemarkets and spread misinformation, raising concerns about the risks involved inunregulated online trading communities.This article was written by Damian Chmiel at www.financemagnates.com.
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XRP, the cryptocurrency of the blockchain company Ripple, has become the latest cryptocurrency to break out in the wild crypto market. On Sunday, its market value touched $1.2 apiece, a record for the token in the past three years. Although the token's value is still far behind its all-time high of $3.84, achieved in 2018, analysts are predicting a massive upside to this token.XRP Price Surge: Key HighlightsXRP is trading at its 3-year-highThe token doubled its value over the last 7 daysIts market cap reached almost $66 billionIt is now the sixth-largest token in terms of market capitalisationThe demand for Bitcoin and meme tokens surged dramatically after Donald Trump's victory as the 47th President of the United States. However, the upward momentum of XRP remained timid. The latest XRP rally started late last week as the token peaked at $1.2 only to correct. However, the bulls maintained their value above $1, and the token is now rallying again, reaching $1.17 at the time of writing.What is the Driving the XRP Rally?Out of many drivers of the overall cryptocurrency, XRP received a boost last Thursday when 18 US states filed to sue the Securities and Exchange Commission (SEC) and its commissioners, including Gary Gensler, accusing them of unconstitutional overreach in the crypto industry.Notably, Gensler is already facing a lot of heat as Trump has been elected as the incoming US President and has hinted at his resignation. Several crypto-friendly names are also making rounds across media as the expected replacement of Gensler at the top regulatory role.Joined @Official_Cantor’s annual Crypto Conference today - safe to say that the US is ready to be the crypto capital of the world with the next Trump Administration. Also an apt shirt to wear..on perhaps what are Gary Gensler’s last days in office?! pic.twitter.com/VuusYnXrHr— Brad Garlinghouse (@bgarlinghouse) November 14, 2024Although XRP has not been directly mentioned in the lawsuits, a crypto-friendly SEC might boost Ripple. Earlier, the SEC sued Ripple, labelling XRP as unregistered securities. The court ruled partially in favour of both, only finding that the XRP sales to the institutions violated American securities laws. The court also fined Ripple $125 million, against which the blockchain company had already appealed. Furthermore, Trump’s vision to push the local crypto industry might also benefit Ripple-linked XRP, which is one of the few tokens directly linked to an established American crypto company.Key Drivers of XRP Price:18 US states suing SEC and its Commissionaires, including Chair GenslerCrypto-friendly outlook of President-elect Donald TrumpBeing the token of Ripple, an American blockchain companyBig Bets of XRP Futures TradersThe volatility of XRP in recent days has also pushed future traders to act. On Sunday, the open interests of the XRP and USD-denominated futures contracts surpassed a record 2 billion tokens, worth nearly $2 billion at the current market price. However, traders are slightly biased towards short positions, with 51 per cent of traders betting against a further price increase of XRP.Open interest refers to the total number of outstanding unsettled derivatives contracts. Despite derivatives trading being a zero-sum game, a rise in open interest and a price rise in the underlying asset typically indicate the flow of new money into the market and a bullish trend. Conversely, open interest falls with a rise in the underlying asset's value, which indicates a rally driven by short covering rather than new buying, which signals a weaker trend.XRP Is Not a MemetokenThe recent cryptocurrency rally also significantly inflated the prices of DOGE and other meme tokens, which have no practical use. XRP, on the other hand, has many real-world applications. Being the native cryptocurrency of the Ripple blockchain, XRP facilitates cross-border transactions between businesses using the Ripple network. It is also used to pay transaction fees on the XRP ledger.Now, Ripple’s expanding partnerships across…
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Bitcoin’s price predictions are back with a vengeance, and the $100Kmilestone is the glittering prize that has everyone’s attention. Among the experts, Michael Saylor, the ever-optimistic face ofMicroStrategy, believes Bitcoin could break this barrier by the end of 2024.His company continues to hoard BTC like it's going out of style, with investorsclamoring for more exposure to the digital asset.Meanwhile, Cathie Wood of Ark Invest is going acapella in the bullishchoir. Wood predicts that Bitcoin “hasa long way to go”, citing institutional adoption. In her view, Bitcoin ismore than a speculative asset—it’s a hedge against economic turbulence and fiatcurrency instability.But is $100K realistic, or are we drinking too much of the cryptoKool-Aid?$100,000 - Can Bitcoin See It By Year End?Cathie Wood’s Ark Invest remains at the forefront of Bitcoinevangelism, doubling down on its BTC holdings and projecting a seismic shift ininstitutional adoption. Wood argues that as traditional assets falter undereconomic uncertainty, Bitcoin’s decentralized nature will attract hedge funds,pension funds, and sovereign wealth funds.Based on @dpuellARK’s on-chain analytics and analysis, the bull market in bitcoin is in good shape. After its halving in April, growth in the supply of bitcoin dropped to 0.9%, below the long term growth in the supply of gold for the first time! https://t.co/RHi21HKukV— Cathie Wood (@CathieDWood) November 15, 2024Her optimism isn’t baseless. Several high-profile institutions havedipped their toes into the Bitcoin waters, signaling that the stigmasurrounding crypto is fading. Ark’s research suggests that if just a fractionof institutional money flows into Bitcoin, $100K could become a conservativeestimate.Will #Bitcoin Break $100K by New Year's Eve?— Michael Saylor⚡️ (@saylor) November 17, 2024Speaking on CNBC on Friday, Saylor said, “I think it’s going to go up from here. I’m planning the$100,000 party and think it will probably be New Year’s Eve at my house. So Iwould be surprised if we don’t go through $100,000 in November or December.”Bitcoin is Manifest Destiny for the United States. My discussion of The Red Wave, MicroStrategy's $42 Billion Plan, the compelling logic of the Strategic #Bitcoin Reserve, and getting ready for the 100K party, with @MorganLBrennan. pic.twitter.com/fvkwRnCzlU— Michael Saylor⚡️ (@saylor) November 14, 2024While the $100K dream has compelling arguments behind it, skepticsremain. Bitcoin’s infamous volatility, regulatory scrutiny, and potentialcompetition from central bank digital currencies (CBDCs) pose significantrisks.All-in-AllBut, let’s get down to brass tacks. The re-election of Donald Trump hasbeen a catalyst for Bitcoin's recent rally. Trump's administration is perceivedas more crypto-friendly, with promises to establish a national Bitcoin reserveand appoint a pro-crypto chair to the Securities and Exchange Commission (SEC).These anticipated policy shifts have bolstered investor confidence,contributing to Bitcoin's ascent to record levels. Institutional interest in Bitcoin has also intensified, withsubstantial inflows into Bitcoin exchange-traded funds (ETFs). For instance,BlackRock's iShares Bitcoin Trust has attracted significant investments,indicating a growing acceptance of Bitcoin among mainstream financial entities.This institutional backing provides a strong foundation for Bitcoin's priceappreciation. From a technical analysis perspective, Bitcoin's breach of previousresistance levels has set the stage for further gains. Analysts suggest thatsurpassing the $75,000 mark opened the path toward the $100,000 target. Bitcoin at $100,000 - A Pipedream, or On the Cards?In summary, positive market sentiment, supportive politicaldevelopments, increased institutional adoption, and favorable technicalindicators positions Bitcoin well to potentially surpass the $100,000 thresholdin the near future.Bitcoin’s journey to $100K isn’t guaranteed, but the stars seem to bealigning. Yet, as any seasoned crypto investor knows, the market has…
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Financialservices broker Monaxa, announced today (Monday) a comprehensive expansion ofits product lineup, including the launch of a PAMM (Percentage AllocationManagement Module) system, proprietary credit card, and new crypto tradingsolutions.Monaxa Expands ProductSuite With PAMM, Crypto Solutions and MoreThe companyhas introduced several key products before year-end, marking a significantevolution in its service offerings. The PAMM system, launching this week,enables professional traders to manage multiple client accounts simultaneously,expanding Monaxa's appeal to institutional investors."Newproducts, new services, new platforms ," said Chris Trikomitis, CEO ofMonaxa. "All happening before the end of the year ."The brokeris also strengthening its market position through new partnerships with threeadditional liquidity providers, enhancing trading execution and expanding itsinstrument range. Thecompany's crypto solution, currently in development, aims to capitalize on thegrowing digital asset market, though specific details remain under wraps. Inthe education sector, Monaxa is rolling out Acadamis, a subscription-basedtrading course featuring the company's proprietary indicator, weekly livestreams, and automated trading capabilities.Thisdevelopments come alongside the announcement of MonaxaProp, a proprietarytrading program scheduled for official launch in January 2024.Monaxa to Introduce PropTrading ServicesMonaxa hasannounced its entry into the prop space, joining a growing number of FX/CFDbrokers embracing the model. CEOTrikomitis revealed the launch of Monaxa Prop, stating, "And we arefinally ready. Our very own Monaxa Prop will be launching very soon." Theplatform promises an 85% profit share for successful traders, with challengesstarting at $50, as noted in a recent announcement.Monaxaoperates as a collective of entities under a single brand, one of which islicensed by the Financial Services Commission of Mauritius as an investmentdealer. The company’s move is led by Trikomitis, who became CEO earlier thisyear after a stint as Markets Director at Exness. With nearly two decades ofindustry experience, Trikomitis has played a pivotal role in steering Monaxa'sstrategic direction.Thisexpansion into proprietary trading reflects a broader trend in the industry, asbrokers capitalize on the model's rising popularity. Recently, Taurexalso launched its proprietary trading platform, Atmos, which is now in itstesting phase. These developments underline the sector's momentum, driven bydemand for innovative trading opportunities.This article was written by Damian Chmiel at www.financemagnates.com.
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Will Bitcoin Reach 100K? This week, Bitcoin broke the $90k barrier, trading as high as $93k. Now, the cryptocurrency market is watching with strong positive sentiment as the top cryptocurrency inches closer to the coveted $100,000 mark. Since its inception in 2009, Bitcoin has seen dramatic price movements, but the current bull market suggests a six-figure price target is within reach. What is more, it can happen in the next few weeks.The crypto industry has witnessed unprecedented growth, with Bitcoin reaching a new all-time high of $93,495 on Wednesday, according to Coinbase data. Multiple factors, including Trump's presidential victory and BlackRock's institutional involvement, contributed to Bitcoin's surge.Elon Musk’s Tweet Reignites DogecoinElon Musk, the world’s richest man and self-proclaimed Doge father, is back to promoting the meme token following its skyrocketing prices. Musk retweeted a post on X this week praising the achievement of the digital asset that once started as an internet parody but is now worth billions of dollars. The Tweet came from Melissa Chen, the co-founder of Ideas Beyond Borders. In the post, which impressed the Tesla boss, Chen expressed her enthusiasm about how DOGE has gained popularity since starting as just a meme token.DOGE 2024–2025 PredictionsDogecoin captured headlines when it experienced a remarkable price surge, reaching $0.3292 in November 2024. This impressive rally has sparked renewed interest in whether DOGE can finally break the elusive $1 barrier. With a staggering 152% gain over the past month and an 86% increase in just seven days, Dogecoin's momentum has crypto enthusiasts watching closely.The journey to $1 for Dogecoin depends on sustained market momentum and the continued development of its ecosystem. With the cryptocurrency market showing signs of recovery and Bitcoin reaching new heights, Dogecoin's position as a leading meme coin could benefit from overall market growth. Market analysts suggest that while reaching $1 is technically possible, it would require significant buying pressure and favorable market conditions.Elon Musk, the richest man in the world, is making me want to sell all my crypto and go all in #dogecoin 🚀🚀Retweet if I should go all in $DOGE 🤝 $10 🔄PS. Elon is soon to be part of the US Govt after funding over $100 million into Trump campaign! pic.twitter.com/7ebeOn07PA— WSB Trader Rocko 🚀🚀🚀 (@traderrocko) November 11, 2024Why Dogecoin Price Is Surging?The cryptocurrency market experienced a remarkable phenomenon DOGE price continues its extraordinary ascent, reaching $0.3292 and becoming the sixth-largest crypto by market value. This price action has created unprecedented excitement in the crypto space.Dogecoin's success is driven by its vibrant community and social media presence. The combination of celebrity endorsements, community engagement, and viral marketing has created a powerful network effect that supports the cryptocurrency's value proposition.Wall Street Isn't All InThe Department of Government Efficiency, aka “DOGE,” had crypto markets howling as Trump, Musk, and Ramaswamy aim to “streamline” D.C. In what could only be described as peak 2024 political theater, former (and soon-to-be) President Donald Trump has announced a new federal initiative titled the “Department of Government Efficiency”—abbreviated to “DOGE.”Crypto traders around the globe took this as a cosmic sign, driving up Dogecoin’s value by a jaw-dropping 20% within hours of the announcement. The message? Washington may not change, but crypto’s meme culture is more alive than ever. Trump’s Department of Government Efficiency is no ordinary proposal. This isn’t just about saving taxpayer dollars; it’s about bringing the corporate world’s most outlandish efficiency experts into Washington.SEC’s Chair Gensler Hints at ExitOn his campaign trail, US President-elect Donald Trump vowed to fire Securities and Exchange Commission (SEC) Chair Gary Gensler if elected. But even before Trump gets to the Oval Office, Gensler hinted at a…
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Shiba Inu, a meme-inspired cryptocurrency, recentlyexperienced a bullish surge but faced resistance at a critical level, leadingto a bearish correction. With a market capitalization of about $13.75 billion,it ranks as the eleventh-largest cryptocurrency, according to CoinMarketCap.Its daily trading volume has risen sharply to approximately $1.47 billion.SHIB/USD Faces Resistance, Key SupportSHIB/USD encountered resistance at $0.00002935, triggering adecline to its current level of $0.00002350. The daily chart indicatespotential support around $0.00002150, a price level where it previously showedreaction. Notably, the token faced rejection at the same resistance zone in May2024.The H4 chart shows that the price has been trading around0.00002340 for a while. It has had several bounces at this level, which couldresult in a Double Bottom pattern. If that happens, buyers are likely to golong and push the price towards the North again. On the other hand, a bearish breakout at the support mayattract the sellers and the bear may dominate for a while.Shiba Inu Targets $0.00006Referred to as the "Dogecoin killer," Shiba Inuhas developed into a notable meme token, driven by its Layer-2 solution,Shibarium, which addresses scalability challenges while expanding itsecosystem. Lucie, the project’s marketing lead, recently expressed optimismabout SHIB’s potential to reach $0.00006, though the timeline remains speculative.Lead developer Shytoshi Kusama responded to criticism fromCorleone Alpha News, which questioned Shiba Inu’s innovation compared to othermeme tokens. Kusama highlighted the ecosystem’s focus on technology andutility as distinguishing factors, citing projects like Shibarium and itsdecentralized exchange. He also announced an upcoming educational podcast toemphasize the ecosystem's technical advancements.$SHIB ❤️❤️💥❤️❤️ pic.twitter.com/k2TmXwhPil— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) November 13, 2024Dogecoin Eyes $1 Mark After Price SurgeMeanwhile, Dogecoin,a meme-inspired cryptocurrency, has gained attention following asignificant price surge, reaching $0.3292, as reported by Finance Magnates. This rally has reignited speculation about whether DOGE can breakthe $1 mark. With a 152% gain over the past month and an 86% increase in thelast seven days, Dogecoin’s momentum is drawing interest from cryptoenthusiasts.People kept saying $DOGE was done — I laughed every single time. Same goes for $SHIB.People really underestimate the power of the communities behind these two giants.— David Gokhshtein (@davidgokhshtein) November 10, 2024Should You Consider Dogecoin, Toncoin, and Shiba Inu?Cryptocurrency investors are always seeking newopportunities. While Bitcoin and Ethereum often dominate the headlines, otherdigital assets like Dogecoin,Toncoin, and Shiba Inu have also attracted significant attention andsupport. Each of these cryptocurrencies offers unique features and backing,making them worth considering for investment. Please note, this is notfinancial advice.Dogecoin benefits from a strong community, charitableefforts, and high-profile endorsements, particularly from Elon Musk.Toncoin's integration with Telegram, which has over 700million monthly active users, could drive widespread adoption.Shiba Inu's "Shib Army" community has been crucialin promoting the coin and achieving major exchange listings.This article was written by Tareq Sikder at www.financemagnates.com.
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The recent activity of a new Ethereum whale has caughtthe attention of investors, raising hopes of a continued rally. After a strongprice move last week that saw Ethereum surpass $3,000 for the first time sinceAugust, this new wave of accumulation could be a positive signal for the cryptomarket. The third quarter saw significant selling fromEthereum whales as multiple large holders offloaded their assets, dampeningprice momentum. Whale ActivityHowever, things seem to have taken a turn in thefourth quarter. Onchain data from Lookonchain reveals that a new Ethereum whaleaddress became active on November 9, accumulating over 18,000 ETH at an averageprice of $3,201, Cointelegraph reported. The wallet now holds Ethereum worth $57.8 million,alongside $19.3 million in Tether (USDT). This substantial purchase is valuedat $23.44 million in the last 24 hours alone. The whale's decision to hold only Ethereum and USDTsuggests a strategy of accumulating more ETH during potential price dips,signaling confidence in the asset's future value.Earlier, a prominent whale from Ethereum's 2016initial coin offering (ICO) sold off a significant holding, netting animpressive 80,000% return. More recently, another major Ethereum holdertransferred 6,250 ETH (worth $20 million) to the Kraken exchange, mirroringpast trends where ICO whales offloaded their assets at key price points.Bitcoin ETF OutflowsWhile Ethereum whales make waves, Bitcoinexchange-traded funds (ETFs) have experienced their third-largest outflow sincelaunch, with $400.7 million drained on Thursday, Coindesk reported. Bitcoin's price corrected by 6% from its all-time highof $93,000 earlier this week. Despite this, inflows into some ETFs likeBlackRock's IBIT continue, showing mixed investor sentiment.Glassnode data shows that in the past three daysalone, investors cashed in a staggering $15 billion. Such profit-taking istypical after a new all-time high, but if history repeats itself, Bitcoin couldsoon find support and rebound.The return of whale activity hints at renewedconfidence in Ethereum's long-term potential. This could be an opportunity forinvestors, especially if ETH sees further consolidation before a breakout.This article was written by Jared Kirui at www.financemagnates.com.
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Finalto Group is pleased to announce the promotion of Andrew Biggs to the role of Chief Executive Officer of Finalto Trading. The company sits within Finalto Group and will complement the services provided by industry-leading financial institution Finalto Financial Services.Effective immediately, Biggs will take on the role of CEO at Finalto Trading, and will lead the company’s strategic vision, focusing on driving innovation and expanding the group’s influence in the global trading ecosystem.Andrew Biggs brings to the role over 15 years of experience in the financial and trading industry. With a history of impactful leadership in trading and strategic planning, Biggs is recognised for his success in driving growth and advancing technological capabilities at Finalto. His appointment comes as part of Finalto's commitment to scaling its trading solutions and enhancing services to clients globally.Before his promotion, Biggs served as Finalto Group Head of Risk and Trading where he played a pivotal role in shaping the firms products and offering. As CEO, Biggs will focus on enhancing customer-centric strategies, improving product offerings for the group, and strengthening the company's global footprint.Commenting on his new role, Biggs said: "I am honoured to lead Finalto Trading at such an exciting time in our industry. Together with our talented team, we will continue to deliver innovative trading and risk solutions and exceptional service to our clients, shaping the future of trading technology for the group."Matthew Maloney, Group CEO commented: "Andrew’s deep industry knowledge and proven leadership make him the perfect fit for this role. We are confident he will guide Finalto Trading into a new era of growth and success."Paul Groves, UK B2B CEO Finalto Financial Services commented: “Having Andy at the helm of Finalto Trading shows the ambition of the group to expand and build on the many years of success we have had. We have very exciting times ahead as we look to grow both companies under the Finalto Group.”Finalto Trading specialises in providing liquidity solutions and risk management within the group. Under Biggs's leadership, the company aims to accelerate its advancements in technology and help the group to broaden its client base across key new markets.This article was written by FM Contributors at www.financemagnates.com.
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The European Securities and Markets Authority (ESMA)aims to cut the time between trade execution and settlement by half by 2027.ESMA has now put in place a plan to shift to the T+1 securities settlement fromthe current T+2 settlement cycle. This move seeks to enhance market efficiency, reducerisks, and align the EU with global standards. The regulator believes thisshift will make the EU's post-trade processes more efficient. Faster Securities SettlementESMA's latest report outlines the benefits oftransitioning to a T+1 settlement cycle, which would shorten the period betweentrade execution and settlement from two days (T+2) to just one day (T+1).The change aligns with broader goals to integrate EUcapital markets and support the Savings and Investment Union objectives. ESMArecommends implementing the T+1 cycle on October 11, 2027. This date reportedly avoids the logistical challengesassociated with transitioning during the busy November-December period andsteers clear of the first Monday of October, which often coincides withend-of-quarter activities. ESMA highlighted the importance of a coordinated,simultaneous shift across all relevant financial instruments to ensure a smoothtransition.🔴 ESMA proposes to move to T+1 by October 2027 → https://t.co/pZhEY2lYsQ.#ESMA recommends the simultaneous migration to T+1 across all relevant instruments and suggests 11 October 2027 as the optimal date for the transition to T+1 in the EU. pic.twitter.com/Oq62HJGFLG— ESMA - EU Securities Markets Regulator 🇪🇺 (@ESMAComms) November 18, 2024The regulator also plans to align the EU's move to T+1with similar timelines in other European jurisdictions, minimizing cross-borderdiscrepancies and reducing operational risks. ESMA's report highlights the potential advantages ofmoving to T+1, including reduced counterparty risks, lower margin requirements,and cost savings from better alignment with global markets.Costs and BenefitsFaster settlement reduces the time frame in whichtrades can fail, thus minimizing risks and enhancing investor confidence.However, the transition won't come without its challenges. It reportedlyrequires significant updates to the Central Securities Depositories Regulation and the settlement discipline framework. Harmonization and standardization of processes will bekey to enhancing settlement efficiency. According to ESMA, this will likelyrequire investments in technology and infrastructure, pushing the financialindustry toward modernization.Following the release of its final report, ESMA plansto work closely with the European Commission and the European Central Bank to revise the existing rules on settlement efficiency.This year, the US stock market transitioned to a T+1 securities settlement. The change applied to stocks, corporate and municipal bonds, ETFs, certain mutual funds, and other exchange-traded securities. The settlement mandates that a security bought or sold, for instance, on Monday, must be fully settled by the end of the day on Wednesday.This article was written by Jared Kirui at www.financemagnates.com.
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Bitcoin recently surged to a new all-time high of $93k,leaving investors anticipating the next rally, possibly past $100k. However, as BTC continuesto soar, a new trend involving Bitcoin-based meme coins is emerging. These niche tokenshave attracted heightened speculation, driven by the excitementaround Bitcoin's rise.Bitcoin MemecoinsBitcoin's rally to $93,000 ignited fresh excitement acrossthe crypto market. Memecoins tied to Bitcoin, including PUPS, DOG•GO•TO•THE•MOON,and BILLION•DOLLAR•CAT, are capturing the attention of traders as a high-risk,high-reward alternative, Coindesk reported.According to CoinGecko data, some of these tokens have posted impressive gains over the past 24 hours, with smaller tokens like CYPHER•GENESIS (CYPHER) rising by 50%. The surge in interest for Bitcoin-based meme coins coincideswith a significant shift in the underlying infrastructure.The Runes protocol,a platform for creating fungible tokens directly on Bitcoin, has reportedlyovertaken BRC-20 in market capitalization. Launched in early 2024, Runes utilizes Bitcoin's UnspentTransaction Outputs (UTXOs) model, enabling the creation of fungible tokenswithout congesting the network. Unlike BRC-20, Runes aligns more closely with Bitcoin'snative transaction structure, potentially reducing the buildup of UTXOs.Despite the recent excitement, on-chain data shows no immediateincrease in usage metrics for Runes. A New Bet on BitcoinMemecoins have become a speculative asset class duringperiods of low volatility in more established crypto sectors. With Bitcoinreaching new peaks, traders are shifting to meme coins to gain exposure to thebroader Bitcoin ecosystem without directly investing in BTC.The trend reflects previous surges in meme tokens on othernetworks like Ethereum and Solana, where tokens experienced significant ralliesfollowing gains in their respective parent networks.The crypto market recently experienced an unprecedentedsurge, with Bitcoin hitting an all-time high of $93,495. One factorcontributing to this growth is Donald Trump’s victory in the just-concluded USelections. The market also benefited from retail and institutionalinvestors' growing adoption of spot Bitcoin ETFs. Following the rally, industryexperts are now predicting prices between $80,000 and $100,000 or more. Theanalysts base their forecasts on Bitcoin ETFs, institutional inflows, andmarket dynamics.This article was written by Jared Kirui at www.financemagnates.com.
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PrimeXBT, a leading multi-asset trading platform, is pleased to announce that it has secured a regulatory license from the Financial Sector Conduct Authority (FSCA) in South Africa. This strategic expansion into the South African market is a testament to PrimeXBT's commitment to providing secure, transparent, and innovative trading solutions to traders in the region.With the FSCA license, PrimeXBT is fully authorized to offer its comprehensive suite of trading services to partners and traders in South Africa. This includes access to a wide range of financial instruments, cutting-edge trading tools, and robust market analysis. By operating under the FSCA's regulatory framework, PrimeXBT ensures that its clients in South Africa have an opportunity to benefit from enhanced market integrity and protection.PrimeXBT's entry into the South African market is part of its broader mission to democratize access to financial markets. PrimeXBT aims to empower traders of all levels with the tools and resources they need to succeed. This commitment to inclusivity and innovation has been a hallmark of PrimeXBT's global operations.Commenting on the new license, Matthew Hayward, Senior Market Analyst at PrimeXBT said: “The South African trading market is experiencing a surge in interest for trading. We are excited to provide access to diverse markets, helping traders enter trading on their own terms. Our platform is designed to meet the unique needs of local traders, offering them a secure, user-friendly, and feature-rich trading environment.”PrimeXBT plans to contribute to educational initiatives and community support programs in South Africa, further solidifying its commitment to the region. This marks another significant milestone in PrimeXBT's ongoing efforts to deliver more value to traders worldwide.The acquisition of the FSCA license and the upcoming launch in South Africa are another step in PrimeXBT's journey of expanding its global footprint while ensuring regulatory compliance and transparency. As the broker continues to innovate and grow, it remains focused on providing the best possible trading experience for its clients in South Africa and beyond.AboutPrimeXBT (https://primexbt.co.za) (PTY) LTD (previously named Stack Advisory (PTY) LTD) is an authorized financial services provider in South Africa with license number 45697. PrimeXBT (PTY) LTD acts as an intermediary between the investor and the market maker which is the counterparty to the products purchased through PrimeXBT.PrimeXBT is a leading CFD broker, licensed and regulated by the FSCA, that offers an all-in-one trading platform to trade over 100 popular markets, including CFDs on Crypto, Forex, Indices, Commodities, and Crypto Futures. Since its founding in 2018, the PrimeXBT brand has grown exponentially, serving 1,000,000+ traders in 150+ countries worldwide. To make investing available to all, PrimeXBT lowers the barriers of entry providing easy and secure access to the financial markets with the industry-best trading conditions and innovative tools. Clients enjoy the confidence of trading with a trusted and reliable financial service provider, committed to empowering traders.Disclaimer: The content provided here is for informational purposes only and is not intended as personal investment advice. Past performance is not a reliable indicator of future results. The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, users should consider whether they understand how these leveraged products work and whether they can afford the high risk of losing their money. PrimeXBT does not accept clients from Restricted Jurisdictions as indicated on the PrimeXBT website.This article was written by FM Contributors at www.financemagnates.com.
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Cyprus Securities and Exchange Commission withdrew the licenseof Reliantco Investment Limited, an entity operating UFX.com. The license was suspended reportedly because the entity has not provided any investmentservice in the past six months.Suspension of ServicesUFX was a retail broker providing forex and contract fordifference (CFD) services but now appears to have been closed down. Last year,the message on the company’s website mentioned that it no longer offeredinvestment services for users in several locations.“CySEC, on its meeting of 30th October 2024, has decided to withdraw the Cyprus Investment Firm authorization with Number 127/10 of Reliantco Investments Ltd as the Company has not provided investment services or performed investment activity for the preceding six months,” the regulator wrote.Early last year, the broker also blocked users from openingnew accounts and renounced its Cyprus Investment Firm (CIF) license. CySEC’s registryreportedly showed that the watchdog was examining the company’s “voluntary renunciation of the authorization.” According to CySEC’s website, Reliantco also operates three other domains: www.ufxaffiliates.com, www.ufxpartners.com,and ufx.company.Global OperationsCySEC awarded Reliantco a license to offer FX and CFDbrokerage services in 2010. The company reportedly provided its services acrossthe European Economic Area by passporting its Cypriot license. A spokesperson from the company early told Finance Magnates: "UFX ceased accepting new clients several years ago and has not been actively marketing or acquiring new customers since 2018. As such, there was no need to be holding a license any longer."Additionally, the firm provided its services outsideEurope. Some of the regions included Asia and Latin America, with a licensefrom the Vanuatu Financial Services Commission (VFSC). However, the brokeragefirm seems to have terminated services under these licenses.Back in 2013, CySEC announced that it settled with Reliantcofor undisclosed violations at the amount of 100,000 EUR and then immediatelyrecalled this announcement.“CySEC highlighted the Company’s disproportionate highgrowth rate compared to its increase in personnel. In an effort to satisfyCySEC’s requirement, the Company shall continue to expand its team of globalfinancial experts at an increasing rate, specifically at its Cyprus headoffice,” the regulator wrote.This article was written by Jared Kirui at www.financemagnates.com.
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FBS, a leading global broker, explores the rise of tokenized real-world assets (RWAs) and their transformative impact on international finance. Representing tangible and intangible assets like real estate and private credit digitally on blockchains, RWAs are redefining asset ownership by enabling fractional ownership and boosting liquidity. This innovation is reshaping global finance, offering retail and institutional investors more accessible and diversified portfolios.FBS analysts emphasize the significant advantages of RWAs, including reduced barriers to entry, streamlined operations, and democratized access to high-value assets. The surge in adoption is evident, particularly in the Asia-Pacific region, where institutions like BlackRock and UBS are integrating tokenized assets into their offerings. These advancements highlight the role of RWAs in bridging the gap between traditional finance and blockchain technology, addressing inefficiencies and expanding global market participation.However, FBS also notes the challenges that come with this innovation. Scalability, regulation, and the need for robust blockchain infrastructure are key hurdles. FBS analysts suggest that as technology advances, solutions to these challenges will further solidify RWAs as a cornerstone of future financial ecosystems. For traders, understanding the dynamics of this rapidly evolving market is critical, offering new opportunities to align with emerging trends.Tokenization offers the potential to unlock trillions of dollars in otherwise inaccessible assets, broadening their availability to a wider audience. This innovation is reshaping industries like real estate, commodities, fine art, and intellectual property. By integrating RWAs into the global economy, tokenization is driving changes in asset management, trading practices, and portfolio diversification strategies.FBS analysts highlight the importance of keeping a close eye on the tokenized asset space. By staying informed about regulatory changes, technological advancements, and market trends, traders and investors can strategically position themselves to capitalize on this transformative wave. RWAs represent a significant evolution in financial systems, marking a shift toward a more inclusive and efficient global financial ecosystem.FBS remains committed to equipping traders with actionable insights and cutting-edge tools to navigate such dynamic shifts in the financial landscape. Disclaimer: This material does not constitute a call to trade, trading advice, or recommendation and is intended for informational purposes only.About FBSFBS (https://fbs.com) is a global brand that unites several independent brokerage companies under the licenses of FSC (Belize), CySEC (Cyprus), and ASIC (Australia). With 15 years of experience and over 90 international awards, FBS is steadily developing as one of the market’s most trusted brokers. Today, FBS serves over 27,000,000 traders and more than 700,000 partners around the globe. This article was written by FM Contributors at www.financemagnates.com.
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Coinbase CEO Brian Armstrong has commented on theestablishment of the Department of Government Efficiency (DOGE), led by ElonMusk and Vivek Ramaswamy. Although the agency’s acronym coincides with Dogecoin, thereis no connection to the memecoin. However, Dogecoin’s value briefly surged to ayearly high following the announcement, reflecting its association with ElonMusk.Announcing DOGE Agency LeadershipOn August 20, US President-elect Donald Trump mentioned thepossibility of Musk joining his cabinet or taking on an advisory role inJanuary 2025, without specifying a particular position. The agency wasofficially announced on November 13 by Trump.It is tasked with reducing federal spending, cuttingregulations, and restructuring government operations. Tesla CEO Elon Musk andentrepreneur Vivek Ramaswamy will lead the department.Armstrong views DOGE as an opportunity to promote economicfreedom and improve government efficiency. In a November 17 post on X, hedescribed it as "a once-in-a-lifetime opportunity to increase economicfreedom in the US and cut the size of government back to health." . @DOGE is a once in a lifetime opportunity to increase economic freedom in the U.S. and cut the size of government back to health.The founding fathers were geniuses but (with humility) may have missed the adverse incentives which grow the size of democratic government over…— Brian Armstrong (@brian_armstrong) November 17, 2024Proposed Spending Cap and Sovereign FundArmstrong proposed a constitutional amendment to capgovernment spending at 10% of gross domestic product, arguing it wouldprevent excessive expenditure and ensure fiscal discipline over the long term.The Coinbase executive also suggested creating a sovereignwealth fund, where US citizens could hold stakes and receive dividends frombudget surpluses. Armstrong believes this system would give citizens a vestedinterest in government efficiency.Political Factors Fuel Dogecoin RallyDogecoin (DOGE), originally launched in 2013 as a meme-basedcryptocurrency by Billy Markus and Jackson Palmer, has changed into one of themost influential digital assets. Initially a parody of Bitcoin, Dogecoin’s value skyrocketedin 2021, reaching an all-time high of $0.73, driven by social media hype andElon Musk’s tweets. In2024, the coin surged again by 350% following Donald Trump’s presidential winand Musk’s leadership role in a government agency called DOGE, as reported byFinance Magnates.Recently, Dogecoin’sprice reached $0.3292, becoming the sixth-largest cryptocurrency by marketvalue, with a remarkable 152% gain in the last month. Political catalysts,such as Trump’s pro-crypto stance, have energized the crypto market, boostingDogecoin’s value. The broader market is also experiencing growth, with Bitcoinreaching new highs. Economic instability and increasing institutional cryptoacceptance are contributing to the surge, as investors seek alternative assetsamidst global uncertainty.This article was written by Tareq Sikder at www.financemagnates.com.
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Revolut, which has confirmed its ambitions to enter India, will offer the largest South Asian market wallets that facilitate both forex and domestic payments through prepaid cards and the Unified Payments Interface (UPI).Although Revolut India earlier revealed its intentions to target high-end customers in the country, its local CEO, Paroma Chatterjee, confirmed the platform's upcoming services to Financial Express. Revolut India aims to launch its services in the second half of 2025.“Our vision is to gradually introduce the full suite of Revolut products to the Indian market, adapting them to meet the unique needs and context of India,” Chatterjee told the local media, adding, “the first significant opportunity we’ve identified lies in the forex space.”Strengthening Presence in IndiaAs Finance Magnates reported earlier, Revolut India received in-principle authorisation from the country’s central bank to issue prepaid cards and wallets. The company has already been testing its local products with its more than 4,000 local employees.“Customers will be able to open the wallet, make forex transactions through a card or remittances directly, and make domestic transactions through a prepaid card and UPI using the same wallet,” Chatterjee added. “The entire process of setting up a Revolut account is going to be digitised in just 12 steps.”In India, Revolut seems to be following its original blueprint of disrupting the traditional financial services industry, which made it a fintech leader in the United Kingdom. It is targeting the FX transactions market, which is dominated by banks that often charge 3 to 5 per cent on every transaction.“This is something that we are going to change,” said Chatterjee. “We are going to be the most affordable forex player in the country, which has been our USP in the UK and Europe.”A Lucrative Yet Challenging MarketRevolut has more than 45 million customers globally. Now, with its launch in India, a country with a population of 1.4 billion, the platform is expected to boost those numbers. However, its revenue per client from India might not match the figures from the high-income UK or Europe.The British fintech's aim to tap UPI might be a brilliant move to tap into the popularity of the payment infrastructure. Launched in 2016, UPI payments is now accepted by the largest hotels to the smallest street vendors in the country.Meanwhile the TTM value data as expressed in USD continues its march towards topping $3 trillion, possibly by end of year or the first couple of months of 2025. An interesting exercise would be UPI volume vs M0 stats from quarterly RBI data - it is already at 75% of GDP. 4/ pic.twitter.com/Kq1ZD5Al1X— Suraj (@surajbrf) November 14, 2024Meanwhile, Indian central bank data shows that the transaction volume of pre-paid payments using wallets and cards in the country declined by 5 per cent in fiscal 2024. Further, the total share of prepaid instruments for international payments was only 12 per cent of the total volume in September, while the transaction value stood at 0.12 per cent.Moreover, Indian financial services providers issued about 395 million pre-paid cards as of September, compared to 990 million debit cards. Pre-paid cards also captured only about 20 per cent of the country's payment volume in the last fiscal year.These circumstances make India a tough market for payment companies like Revolut. Interestingly, Revolut also attempted to enter India earlier but had to abandon its plans due to regulatory obstacles.Meanwhile, Revolut is one of many foreign fintech companies that have eyed India. Its American rival, Stripe, established a presence in the country in 2016 but received its licence only in January this year. However, strict KYC norms forced Stripe to limit new account openings to “invite only” with plans to enhance its infrastructure next year.This article was written by Arnab Shome at www.financemagnates.com.
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Polishpayment and currency exchange services provider Cinkciarz.pl (Conotoxia) hasfiled a legal challenge against the country's market watchdog KNF over therevocation of its operating license. The fintech argues that the regulator'sdecision could harm customer interests rather than protect them.Cinkciarz.pl ChallengesLicense Revocation, Citing Customer RiskTheWarsaw-based fintech company is contesting KNF's October 2 decision towithdraw its domestic payment institution license, taking the matter to theVoivodeship Administrative Court. The dispute centers on the regulator'sinterpretation of how customer funds should be held and protected."Theauthority's decision could lead to significant hindrances and delays in serviceprovision to our customers," saida Conotoxia representative in court documents. "This outcome would beprecisely opposite to the intended effect of ensuring market stability and usersafety."At theheart of the dispute reportedly lies KNF's changed stance on Conotoxia'slong-standing practice of using bank accounts belonging to its agent,Cinkciarz.pl, to hold customer funds. The company argues this arrangement hadbeen accepted by the regulator since 2017 without objection.“The onlyway to minimise this risk and to rectify the mistakes made in the Authority'sactions is to suspend the enforceability of the decision and to revoke it,” thestatement added.The paymentprovider maintains that KNF's interpretation of the Payment Services Actextends beyond both the act's content and underlying EU regulations.Particularly contentious is the regulator's position on segregated bankaccounts and the calculation methodology for protected funds.Thestandoff between Poland’s financial regulator and Conotoxia has been going on for over a month. On one side, the company accuses the KNF of “violating thelaw” and “destroying” businesses. On the other, the Polish regulator has issueda negative recommendation against the fintech as it seeks a European bankinglicense to continue its operations.Banking Sector ChallengesThe casehighlights broader challenges facing Poland's fintech sector. Conotoxia reportsthat attempts to comply with KNF's new requirements have been met withresistance from banks, with all but one refusing to modify account agreementsor provide requested bank guarantees.Cinkciarz.plhas initiated actions not only against Poland’s KNF but also against thebanking sector, alleging a 14-year-long blockade of its transfers totaling $300million.The moneyexchange company plans to sue nearly all major banks operating in Poland,accusing them of "conspiracy." The lawsuit already targets 11entities, with Cinkciarz.pl seeking a total of 6.75 billion zlotys ($1.65 billion)in damages.Operational ImpactDespite theregulatory concerns, Conotoxia emphasizes its operational stability, notingthat only four out of 224 customer complaints in the first half of 2024 relatedto transaction delays. The company argues this track record contradicts KNF'sassessment of its financial situation.Cinkciarz.plis actively seeking ways to navigate its challenging regulatory situation.Beyond pursuing a European banking license, the company previously announcedits intention to secure a foreign investor. Nearly a month ago, Cinkciarz.plrevealed it was in "advanced talks" with an investment fund whosesupport could help stabilize its operations.The issueprimarily concerns Conotoxia Sp. z o.o., a subsidiary of Cinkciarz.plregistered in Poland. It's worth noting that this entity is distinct fromConotoxia Ltd., a Cyprus-registered company responsible for the fintech'sretail FX/CFD trading business.This article was written by Damian Chmiel at www.financemagnates.com.
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Financialservices provider OneRoyal has partnered with Acuity Trading to integrate marketanalysis tools and AI-driven insights into its trading platform, upgrading its currentretail trading capabilities.OneRoyal Enhances TradingPlatform with Acuity Trading's AI-Powered AnalyticsThe new collaborationwill provide OneRoyal's clients with access to Acuity's suite of trading tools,including AnalysisIQ and NewsIQ, designed to help traders navigate marketconditions with real-time data and sentiment analysis."Ourgoal is to provide traders with an evolving platform that meets their needs ina dynamic market," said Dominic Poynter, Chief Marketing Officer atOneRoyal. "This partnership allows us to offer enhanced trading insightswhile improving the overall user experience."Theintegration also includes Acuity's Web Sentiment tool, which aggregates onlinedata to gauge market sentiment, and an economic calendar providing real-timeupdates on global market events. Traders will also receive customized alertsthrough Dynamic Emails, tailored to their specific trading preferences."Byintegrating our market analysis solutions into OneRoyal's platform, we areenabling traders to make data-driven decisions in an increasingly complexmarket landscape,” added Andrew Lane, CEO of Acuity Trading. OneRoyal,established in 2006, operates under multiple regulatory jurisdictions includingASIC and CySEC, offering trading services across FX, indices, commodities, andcryptocurrencies.AcuityTrading has recently established other partnerships to enhance its AI-drivenmarket analytics offerings. In early November, Zarvista Capital Markets(formerly ZaraFX) integrated Acuity's AnalysisIQ solution into its globaltrading platform. Additionally,in early October, Interactive Brokers (NASDAQ: IBKR) incorporated the AcuityResearch Terminal into its platform. This integration seeks to improve theresearch and decision-making tools available to investors utilizing InteractiveBrokers' services“Many People Probably DoNot Understand What AI Is”In a recentdiscussion with Finance Magnates, Acuity Trading’s CEO Lane addressedthe growing misuse of the term artificial intelligence (AI), labeling thephenomenon as “AIwashing.” He likened this trend to "greenwashing,"where companies exaggerated their sustainability claims to gain investor favor,often prompting regulatory scrutiny. Lane noted that many businesses claim tobe “AI-friendly” without fully grasping or utilizing AI technology effectively.“There is alot to the word AI,” Lane explained, emphasizing that most claims are closer tomachine learning than true AI innovation. He expressed skepticism towardcompanies promoting AI-centric products without a deep understanding of thetechnology.Lanefounded Acuity in 2013 to deliver advanced trading insights through machinelearning and natural language processing (NLP). His background includesearly-stage NLP development and natural language generation work at Dow Jones,providing him with a robust foundation in the technologies underpinningAI-driven solutions.This article was written by Damian Chmiel at www.financemagnates.com.
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Pepperstone, the Australia-headquartered forex and contracts for differences (CFDs) broker, today (Monday) announced the expansion of its brand presence in sports with its latest partnership with Ultimate Fighting Championship (UFC) in Asia. With this deal, the broker became UFC’s Official Partner in Asia.Similar Demographics“We choose to partner with like-minded organisations focused on a shared passion, drive, and commitment to raising the game, and we look forward to building a winning partnership together,” said Tamas Szabo, Group CEO of Pepperstone.Like-minded indeed. The viewership demographics of UFC, which are mostly males in the age bracket of 18-34, overlap significantly with the demographics of day traders, also dominated by males aged 18 to 34, though the number of women participating is increasing, according to Quantified Strategies.Don't be fine with it. Switch to Pepperstone. Trusted by Traders in over 160 countries.*The Pepperstone group of companies have clients in over 160 countries. pic.twitter.com/l6zVXsxnCa— Pepperstone (@PepperstoneFX) April 1, 2024The sponsorship deal appears to be strategic in boosting the Pepperstone brand in Asian countries. While the broker is expanding its services in Asia, the popularity of UFC is also increasing in the region, with its fan base exceeding 400 million.Scope of the Sponsorship Remains UnknownFurther, UFC has a massive presence on social media. Its X (formerly Twitter) handle is followed by 12.8 million people, while its Instagram page has a reach of 44.7 million followers. It has another 36 million followers on Facebook and 19.2 million subscribers on YouTube. Meanwhile, UFC is also slowly building its Asia brand, as the separate UFC Asia X account has 46.6K followers.However, it remains unclear whether, with the Asia-specific partnership, Pepperstone will be able to tap into UFC's global social media outreach or be limited to the regional accounts. Additionally, the scope of the sponsorship remains unclear, as the announcement did not reveal how the broker would position its brand with UFC or the available media rights.“We're looking forward to working with the great team from Pepperstone to leverage our platforms to drive awareness for their brand among our massive fan base, one of the most loyal and passionate in all of sports,” said Nicholas Smith, Vice President of Global Partnerships for TKO.Interestingly, sports have been one of the top marketing channels for brokers. Recently, NAGA Group onboarded boxing legend Mike Tyson as a brand ambassador. Previously, MMA fighter Conor McGregor also became the face of XTB, which footballer Zlatan Ibrahimović is now promoting. Meanwhile, there are dozens of active football and other sports deals through which brokers are promoting their brands.This article was written by Arnab Shome at www.financemagnates.com.
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The number of executive appointments, promotions, and departures jumped this week. Featuring in our executive segment: CFI onboarded two of Amana's former executives; Kypros Zoumidou resigned as Capital.com’s Group CEO; Nomura appointed a new CEO for its European division.Also, Finalto enlisted Luis dos Santos as Sales Director for Latin America; Capital.com added a new Head of M&A and Corporate Development based in London; Britannia onboarded Neil Welsh as Head of Metals; Saxo Bank split Adam Reynolds’ Role after his exit; Hidden Road promoted Michael Higgins to International CEO.Elsewhere, STARTRADER brought an ex-MultiBank executive to lead European Business Development, VT Markets named Marex's Former Exec to lead Strategy, while Andrew Biggs was appointed CEO of Finalto Trading. Executive Moves of the WeekCFI Onboards Two Top Former Amana ExecutivesCFI Financial Group appointed two industry veterans to its top management team: Ahmad Khatib as Chief Business Development Officer and Ziad Melhem as Chief Marketing Officer. Both executives joined the firm after dedicating nearly two years to Amana as advisors.Khatib was Amana’s founding CEO, a role he held for 12 years, while Melhem spent eight years with the Gulf-based broker, initially as Chief Marketing Officer and later as Chief Business Development Officer.In his new role at CFI, Khatib will reportedly focus on implementing the company’s objectives and strategies across markets. His goal is to make the broker “agile and responsive” against its competitors. Melhem, on the other hand, will lead the broker’s marketing efforts, aiming to enhance its brand reach in the MENA region and beyond.Learn more about CFI's onboarding of Amana's Former executives.Kypros Zoumidou Resigns as Capital.com’s Group CEOCapital.com announced Kypros Zoumidou's exit from the role of Global Group CEO after about a year in the position. However, the broker is not replacing Zoumidou with another individual but has decided to follow a regional leadership model, promoting Soutzis as the CEO of the Cyprus entity.The company clarified that Zoumidou will remain a part of the business and assist with strategic projects. Additionally, he will support the new management in settling into their roles, ensuring continued success in future initiatives.Discover more about the resignation of Kypros Zoumidou as Capital.com's Group CEO.Nomura Appoints New CEO for European DivisionNomura announced a significant leadership transition. John Tierney will take over as CEO of Nomura Europe Holdings and Nomura International. The move marks the end of Jonathan Lewis's 10-year tenure as CEO.Jonathan Lewis, who has held the CEO position since December 2014, reportedly played a pivotal role in steering Nomura through a turbulent financial landscape. His tenure spanned critical events such as Brexit, the COVID-19 pandemic, and a wave of regulatory changes.Read more about Nomura's new pick for the CEO role in Europe.Finalto Appoints Luis dos Santos as Sales Director for Latin AmericaFinalto, the liquidity and fintech provider, named Luis dos Santos as its Sales Director for Latin America. Dos Santos previously worked as Global Head of Business Development at Markets.com.He has also held senior client services and business development roles at IG, LCG, and Trading 212. In his role at Finalto, Dos Santos will reportedly focus on identifying new market opportunities and partnerships.Find out more about the selection of Luis dos Santos as Finalto's Sales Director for Latin America.Capital.com Names New Head of M&A and Corporate Development in LondonCapital.com appointed Salim Sebbata as Head of M&A and Corporate Development. Based in Capital.com’s London office, Sebbata will oversee the company’s M&A strategy and support its global expansion initiatives.Sebbata joins Capital.com after holding several senior roles in financial services. Most recently, he was CEO and Director at APM Capital Markets Limited, where he served for six months. Before that, he spent two years as Managing…
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After a two-year legal battle involving claims offraud, a lawsuit accusing Elon Musk and Tesla of manipulating memecryptocurrency dogecoin (DOGE) is ending. Investors who brought the case, alleging that Musk wascausing the cryptocurrency's price swings through tweets and public stunts, havenow withdrawn their appeal, Reuters reported. This follows a court dismissal inAugust. This decision left both parties without sanctions, or the huge payout investors initially sought.Investors Withdraw Legal AppealThe lawsuit, initiated by Dogecoin investors, accused Musk and his electric car company, Tesla, of fraud and insider trading and sought a whopping $258 billion in damages. Investors argued that Musk manipulated dogecoin’smarket value through social media posts, including his frequent tweets and hisappearance on NBC's Saturday Night Live. They claimed that Musk timed his trades to benefitfrom his own public statements, causing significant losses for other investors.However, after U.S. District Judge Alvin Hellerstein dismissed the case onAugust 29, investors decided to withdraw their appeal. The judge had reportedly ruled that reasonableinvestors could not base a securities fraud claim on Musk’s tweets, includinghis infamous declaration that Dogecoin could become the future currency ofEarth. Following this, both sides agreed to drop theirrespective motions for sanctions against the opposing legal teams.I will keep supporting Dogecoin— Elon Musk (@elonmusk) June 19, 2022In an unusual twist, the case ended with neither sidesecuring sanctions. Investors had accused Musk’s legal team of obstructing theappeal process and demanding excessive legal fees.No SanctionsMeanwhile, Musk and Tesla sought sanctions against theinvestors’ lawyer, arguing that the lawsuit was based on ever-changing legaltheories meant to extract a quick settlement. Both motions were withdrawn in a stipulation filed inManhattan federal court, which still requires Judge Hellerstein's approval.The lawsuit had undergone multiple revisions since itwas first filed, with investors amending their complaint four times in twoyears. Ultimately, the court found that the claims did not hold enough legalweight to move forward, leading to the dismissal.In June, a group of investors brought a class actionaccusing the Tesla boss of influencing the price of Dogecoin for his ownbenefit. Specifically, they accused the billionaire of pumping the price of thememe coin by over 36,000% over two years and letting it crash. However, the billionaire refuted the claims, vowing tocontinue supporting the token. In a specific instance, the world’s richest manbriefly replaced Twitter’s previous blue bird logo with Dogecoin’s Shiba Inulogo for a few days.This article was written by Jared Kirui at www.financemagnates.com.
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Dogecoin, oftencalled DOGE, started as a joke cryptocurrency in 2013. Fast forwardto today, it is one of the most popular digital assets, with a massivecommunity of supporters and strong market influence. With the 2024 U.S.presidential election stirring excitement and Elon Musk’s growing involvement,many wonder, "Will Dogecoin go up?"In this article, we divedeep into Dogecoin price predictions for 2024, 2025, 2026, and beyond,analyze its historical price trends, and discuss whether DOGE couldreach new all-time highs by 2030. This comprehensive guideincludes technical analysis, predictions, and potential scenarios forDogecoin’s future value.Dogecoin Overview: ABrief HistoryDogecoin is a cryptocurrencycreated by Billy Markus and Jackson Palmer as a parody of Bitcoin.What started as a lighthearted project has grown into a serious investmentoption with a loyal community.Key Milestonesin Dogecoin’s History2013: Dogecoin launched as a meme-based cryptocurrency.2021: Dogecoin’s price skyrocketed to its all-time high of $0.73 due to social media buzz and Elon Musk's tweets.2024: Dogecoin’s value surged by over 350% following Donald Trump’s 2024 election win and Elon Musk’s appointment to lead a government agency called DOGE.Dogecoin Price History:From Creation to TodayThis week, Dogecoin's price reached multi-month highs, testing $0.4386 on Binance on November 12, 2024—the highest in over three years. Since the beginning of the year, DOGE's price has increased by nearly 300%.If you want to learn more about: "Why Dogecoin price is surging" in the last weeks, you can check this article.DogecoinHistorical Price AnalysisEarly Years: Dogecoin remained below $0.01 for much of its history.2021 Surge: DOGE reached its all-time high of $0.73, driven by celebrity endorsements and meme culture.2024 Recovery: After a bearish period, Dogecoin’s current price in November 2024 is $0.35, reflecting renewed interest.After a very calm 2023 and a bearish 2022, during which DOGE lost nearly 60% of its value, 2024 is bringing highly dynamic growth. While these gains are nowhere near the speculative frenzy of 2021, which saw a 3,500% surge, they still outperform most of the major cryptocurrencies.Currently, Dogecoin is one of the biggest cryptocurrencies by market cap (6th) and by daily volumes (5th):Dogecoin Price Prediction2024Factors Driving Dogecoin’s Price in 2024Donald Trump’s 2024 Election Win: His administration’s pro-crypto stance could boost Dogecoin.Elon Musk’s Role: Musk’s appointment as co-chair of the government’s DOGE agency has already driven investor optimism.Market Trends: Renewed interest in meme coins and altcoins is likely to sustain DOGE’s momentum.„DOGE hasbeen an outstanding charting market following classical charting principles,”claims Peter Brand, the veteran trader from Wall Street. “I am going to followup in a few hours with a comparison chart that will blow your mind (as long asI remember to do so at age 78).”DOGE $DOGE has been an outstanding charting market following classical charting principles I am going to follow up in a few hours with a comparison chart that will blow your mind (as long as I remember to do so at age 78) pic.twitter.com/xKuLflPgea— Peter Brandt (@PeterLBrandt) November 13, 2024Doge Price Prediction Table for 2024By the end of2024, Dogecoin’s price is expected to reach around $0.60,barring major market disruptions. However, they are people, with much more positive projections:$doge will hit $4.20 easily this cycleAnd I’m not even jokingResearch “Golden Bull”#dogecoin pic.twitter.com/l0CGK5GK4i— Coochie Fiend (@Coochie_Fiend_) November 6, 2024Dogecoin PricePredictions for 2025 – 20302025 Price PredictionPrice of DOGE mayexperience steady growth in 2025. Adoption by merchants and partnershipswith payment processors like PayPal could drive the price higher.Analysts predict that the DOGE price could reach a maximum price of$0.85 by the end of 2025.2026 Price PredictionBy 2026, Dogecoin’s pricemay increase with technological advancements. Its minimumprice…
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Thomas Peterffy, Founder and Chairman of InteractiveBrokers, appeared on CNBC to discuss the market rally following Donald Trump'srecent election victory. Broker stocks, including Interactive Brokers, sawnotable gains as part of the rally.Regulatory Changes Driving ActivityPeterffy acknowledged that while the surge may not be fullyjustified, he sees a more favourable regulatory environment as a key factor indriving future market activity. "We certainly are looking at a betterenvironment from a regulatory standpoint, and that is going to be a great dealof help," he said.He also addressed the growing trend of overnight trading.According to Peterffy, liquidity in these markets will soon match that ofdaytime trading. "In a few years, there will practically be no differencebetween trading during the day and trading at night. Liquidity will be equallygood 24 hours a day," he stated.Peterffy further discussed the potential of predictionmarkets, a product launched by Interactive Brokers. He predicted that thesemarkets could surpass equities markets in size, with liquidity being the mainchallenge to overcome. "This is going to be a huge market... It is goingto be a larger market, in my view, than the equities market, maybe in 16 yearsor so, because it will grow very, very quickly," he remarked.Interactive Brokers Expands to DubaiMeanwhile, InteractiveBrokers has opened a new office at the Dubai International Financial Center,aiming to provide UAE and Gulf Cooperation Council traders and investors withaccess to global markets, as reported by Finance Magnates. This expansion is in response to growing demand forfinancial services in the region. The DIFC office will cater to a variety ofclients, including active traders, high-net-worth individuals, hedge funds, andfamily offices. Clients can access over 150 global markets via a singleplatform, offering a range of asset classes. Interactive Brokers also holds aCategory 4 license from the Dubai Financial Services Authority.This article was written by Tareq Sikder at www.financemagnates.com.
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ACY Securities, a global multi-asset CFD broker, announcedits acquisition of Ingot Brokers South Africa. This move grants the company alicense to operate under the Financial Sector Conduct Authority (FSCA) in SouthAfrica. ACY Securities Expands to AfricaThe company has been pursuing acquisitions in Africa, SouthEast Asia, and Europe as part of its global expansion plan. The addition ofIngot Brokers South Africa allows ACY Securities to extend its services andtechnology to South African clients. These clients will gain access to over2,200 financial instruments within a regulated environment.The acquisition enables the introduction of LogixTrader tothe South African market. LogixTrader, launched earlier this year, is aweb-based trading platform offering tools aimed at improving tradingperformance. ACY Securities has emphasized the platform as a key element of itstechnology-driven approach.LogixTrader Enters South AfricaThis development follows other initiatives by ACYSecurities, including updates to its Swap-Free Account and the removal ofcryptocurrency deposit fees. The FSCA license allows ACY Securities to providefinancial services under South Africa's Financial Advisory and IntermediaryServices Act. "Securing the deal in South Africa is a pivotal step inour global expansion journey,” Jimmy Ye, CEO of ACY Securities commented.“This acquisition allows us to bring LogixTrader, ourinnovative trading platform, to a broader audience, enhancing the tradingexperience for clients in this dynamic market. Our focus on robust regulatorycompliance ensures traders can operate with confidence, knowing they areprotected by one of the world's respected financial regulators."Meanwhile, ACYSecurities reported progress in the adoption of its live copy trading featureon the Tradingcup platform, FinanceMagnates reported in May. Since its launch, the feature has generated over3,248 signals and facilitated more than $54 million in invested funds. The live copy trading feature allows users to replicatetrades from top-performing traders, offering access to trading strategies andperformance data. Built on a custom in-house platform, this tool is designed toenhance engagement with financial markets for traders at various experiencelevels.This article was written by Tareq Sikder at www.financemagnates.com.
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