Despite the overall performance and early returns of Apple Pay, there have been mounting episodes of fraud weighing down the Payments utility – meanwhile, Barry Silbert’s BIT has been approved to be publicly traded.
QuadrigaCX to Become First Publicly Traded Bitcoin Exchange
Canadian Bitcoin exchange, QuadrigaCX, has become the next Bitcoin company to announce its going public.
Starting in April, it will be listed on the Canadian Securities Exchange (CSE), the rough Canadian equivalent of the OTC markets south of the border. The CSE offers simplified reporting requirements and reduced barriers to listing. It is favored by micro cap and emerging companies.
It will be listed as Quadriga Fintech Solutions under the ticker symbol XBT, which is also commonly used to abbreviate bitcoin as a currency.
It has been a busy few days for Bitcoin companies announcing their plans to go public. Last week, Bitcoin derivatives platform Tera Exchange entered into a reverse merger with MGT Capital Investments Inc. Earlier this week, Barry Silbert’s Bitcoin Investment Trust got the nod for public listing on the OTC markets.
Despite an impressive performance since launch, Apple Pay is now reportedly failing to escape fraud–its raison d’être.
In fact, the rate of fraud with Apple Pay may be several times higher for some banks according to Cherian Abraham, a payment expert who works with banks and retailers on mobile payment strategies. It is not an anomaly to see fraud rates as high as 6% with Apple Pay for some banks, as opposed to 0.1% when credit cards are used in their traditional plastic form. The figures varied from bank to bank.
Apple Pay employs a number of features in an effort to increase security and reduce fraud. Fingerprint recognition ensures it can only be used by the phone’s owner. Payment data is encrypted and stored on an “element” separately from the rest of the phone. And a one-time code is used for every transaction to ensure merchants can’t view customer data.
The Greatest Thing for Bitcoin Since Sliced Bread? Barry Silbert’s BIT Going Public
The Bitcoin industry achieved a major milestone. Barry Silbert’s Bitcoin Investment Trust (BIT) has been approved to be publicly traded on the over-the-counter (OTC) markets.
BIT has been temporarily assigned the ticker symbol BTCV on the OTC Markets “pink sheet” site but has been approved to use GBTC as their permanent ticker.
Each share in the trust represents one tenth of a bitcoin. Thus, it is the first publicly traded bitcoin investment vehicle, beating the Winklevoss twins’ proposed Bitcoin exchange traded fund (ETF) to the finish line. Their Winklevoss Bitcoin Trust was first registered with the Securities and Exchange Commission (SEC) last year, but has yet to be approved.
BTC Media Acquires Bitcoin Magazine from Coin Publishing
MGT Capital Investments Inc. has formally entered into a letter of intent (LOI) with Tera Group Inc., the owner of regulated swap execution facility (SEF) TeraExchange LLC.
Back in October, TeraExchange, under the authorization of US derivatives watchdog CFTC, completed their inaugural bitcoin transaction. The initial trade was completed between digitalBTC, the world’s first Bitcoin-focused company to commence trading on a major stock exchange, and a hedging counterparty.
The nature of the LOI will be the issuing of MGT’s shares of common stock to the current owners of Tera, which represent 70% of the pro-forma equity of the combined companies at closing, pending regulatory approval.
Despite the overall performance and early returns of Apple Pay, there have been mounting episodes of fraud weighing down the Payments utility – meanwhile, Barry Silbert’s BIT has been approved to be publicly traded.
QuadrigaCX to Become First Publicly Traded Bitcoin Exchange
Canadian Bitcoin exchange, QuadrigaCX, has become the next Bitcoin company to announce its going public.
Starting in April, it will be listed on the Canadian Securities Exchange (CSE), the rough Canadian equivalent of the OTC markets south of the border. The CSE offers simplified reporting requirements and reduced barriers to listing. It is favored by micro cap and emerging companies.
It will be listed as Quadriga Fintech Solutions under the ticker symbol XBT, which is also commonly used to abbreviate bitcoin as a currency.
It has been a busy few days for Bitcoin companies announcing their plans to go public. Last week, Bitcoin derivatives platform Tera Exchange entered into a reverse merger with MGT Capital Investments Inc. Earlier this week, Barry Silbert’s Bitcoin Investment Trust got the nod for public listing on the OTC markets.
Despite an impressive performance since launch, Apple Pay is now reportedly failing to escape fraud–its raison d’être.
In fact, the rate of fraud with Apple Pay may be several times higher for some banks according to Cherian Abraham, a payment expert who works with banks and retailers on mobile payment strategies. It is not an anomaly to see fraud rates as high as 6% with Apple Pay for some banks, as opposed to 0.1% when credit cards are used in their traditional plastic form. The figures varied from bank to bank.
Apple Pay employs a number of features in an effort to increase security and reduce fraud. Fingerprint recognition ensures it can only be used by the phone’s owner. Payment data is encrypted and stored on an “element” separately from the rest of the phone. And a one-time code is used for every transaction to ensure merchants can’t view customer data.
The Greatest Thing for Bitcoin Since Sliced Bread? Barry Silbert’s BIT Going Public
The Bitcoin industry achieved a major milestone. Barry Silbert’s Bitcoin Investment Trust (BIT) has been approved to be publicly traded on the over-the-counter (OTC) markets.
BIT has been temporarily assigned the ticker symbol BTCV on the OTC Markets “pink sheet” site but has been approved to use GBTC as their permanent ticker.
Each share in the trust represents one tenth of a bitcoin. Thus, it is the first publicly traded bitcoin investment vehicle, beating the Winklevoss twins’ proposed Bitcoin exchange traded fund (ETF) to the finish line. Their Winklevoss Bitcoin Trust was first registered with the Securities and Exchange Commission (SEC) last year, but has yet to be approved.
BTC Media Acquires Bitcoin Magazine from Coin Publishing
MGT Capital Investments Inc. has formally entered into a letter of intent (LOI) with Tera Group Inc., the owner of regulated swap execution facility (SEF) TeraExchange LLC.
Back in October, TeraExchange, under the authorization of US derivatives watchdog CFTC, completed their inaugural bitcoin transaction. The initial trade was completed between digitalBTC, the world’s first Bitcoin-focused company to commence trading on a major stock exchange, and a hedging counterparty.
The nature of the LOI will be the issuing of MGT’s shares of common stock to the current owners of Tera, which represent 70% of the pro-forma equity of the combined companies at closing, pending regulatory approval.
Interactive Brokers Expands Offerings with Daily Options on French Stocks
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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