In a week centered around the coronavirus, here are the top stories from the forex, fintech, and crypto spheres in our best of the week segment.
How Has Coronavirus Affected the Forex Markets?
Legendary trader and analyst Marshall Gittler breaks down exactly how coronavirus has affected the forex markets in a Finance Magnates exclusive.
Marshall pulls no punches in telling us where we should be looking in these volatile times. Read how coronavirus has affected the forex markets here.
Coronavirus vs. The Fed: How Effective Can QE & Rate Cuts Be?
Staying with the coronavirus, as central banks across the world introduced stimulus packages, Finance Magnates analyzed just how effective the actions of the Fed and others can really be in the face of the coronavirus. Read the analysis here.
HitBTC Scammers Get Two Years Jail Time
The US justice system passed a 24 months prison sentence on two Canadian nationals Karanjit Singh Khatkar and Jagroop Singh Khatkar, who were arrested last year and charged with six counts of wire fraud and for conspiring to commit money laundering. They duped one Oregon resident of more than 23.2 bitcoins by cloning the Twitter handle of HitBTC, a Hong Kong-based crypto exchange.
Read more on the HitBTC Scammers sentencing here.
Italian Bank Launches Bitcoin Trading to its 1.2 Million Customers
Banco Sella is offering the digital currency trading services on its Hype platform, and itself is acting as an intermediary to mitigate any risks associated with the crypto exchange. Hype already offers trading facilities with financial instruments, including derivatives and contract-for-difference (CFD).
Read more about the Banco Sella Bitcoin trading launch here.
Brokers Amend Trading Conditions Amid Corona-Rattled Markets
As the corona-fueled volatility made brokers hold their breath, the tightening of the trading conditions was a mandatory step to help protect clients and brokers.
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Finance Magnates looked at exactly what changes had been made and by what broker. Find out the updated and amended broker trading conditions here.