ESMA Applies Pressure, SegWit2x Resurrected: Best of the Week

Catch up on last week's top stories

Extra rules for brokers from ESMA 

On Saturday we reported that the European Securities Markets Authority is preparing a new set of regulations, and will possible ban the binary options industry altogether.

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It is also planning to severely limit the marketing of FX and CFDs to the public. All European authorities will need to adhere to whatever decision is finally made.

One-sided market

Brokers have started to cut back on their cryptocurrency trading options because their clients have been making too much profit. Many brokers jumped at the chance to get on the bandwagon and attract new customers, but as digital money is only rising in value, it no longer seems a feasible business model for them.

Some brokers have suspended the option for customers, some are now preventing new positions from being opened, and others have lowered the price that they pay for leads.

Segwit2x 2.0

On Tuesday we reported that the SegWit2x fork, which was cancelled in November, is now to go ahead after all at block number 501451, estimated to be mined on the 28th of December.

Project founder Jaap Terlouw said: “I promise that all BTC holders will receive not only B2X in the ratio of 1 to 1, but also a proportional number of Satoshi Nakamoto`s Bitcoins as a reward for their commitment to progress.”

Coinbase investigates insider trading

Bitcoin Cash was added to the wallets of Coinbase customers and made available for trading on Tuesday last, but suspended only a few hours later following a suspiciously punctual and drastic spike in price.

CEO Brian Armstrong assured the world that all individuals affiliated with Coinbase were forbidden from sharing or utilising insider information, and that an investigation will be carried out.

Password please

On Wednesday, cryptocurrency trading platform Bitfinex became a members-only platform without warning – a password is now required to join. The code appears to be unattainable.

Big new merger

Three massive finance companies are joining up to form a new holding company called 180 Capital.

Brokerage Amana Capital, software company Centroid Solutions, and management firm 514 Capital Partners are waiting for regulatory approval before the move can be made.

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