US Elections, Trading 212 Attack, Crypto Billionaire, BitMEX: Editor’s Pick

ICYMI: The biggest news stories of the week

In a week dominated by the US elections, here are the top news stories from the worlds of forex, fintech and crypto, in our best of the week segment.

US Election Results Roll in: Got Your ‘Doomsday Insurance Policy’ Yet?

Written whilst votes were being counted, this popular Finance Magnates analysis looked at the impact of the US election results.

Ultimately, some analysts argue that no matter who was chosen to be the next US president, deep deficits and continuous government spending could declare the real winner of this election as…. Bitcoin. And here is why.

With expert insights from Alex Mashinsky, Chief Executive and Founder of crypto lending and earning firm, Celsius, Monica Eaton-Cardone, Co-founder and Chief Operating Officer of cybersecurity firm Chargebacks911, Graeme Moore, Head of Tokenization at Polymath and Bill Noble, Chief Technical Analyst at Token Metrics, Finance Magnates discussed the US election, the winners, the losers and what’s next.

Read more on the US election results impact here.

Is the Controversy over the US Presidential Election Good or Bad for BTC?

Breaking down the impact and controversy over the US election, Finance Magnates delved into why Bitcoin was soaring and what impact a potential gridlock would have upon BTC.

With expert insights from Daniel Dabek, Founder of SafeX, Meltem Demirors, Chief Strategy Officer of CoinShares, Jeff Dorman, Chief Investment Officer at Arca and Kadan Stadelmann, Chief Technology Officer of Komodo, this is a must-read analysis.

Read more on BTC and the US election here.

UK Broker Trading 212 Restores Service after DDoS Attack

Trading 212, a fintech company and FCA-regulated broker said on Tuesday that its platform was under distributed denial-of-service attacks, or DDoS, that attempted to paralyze its system with a flood of information.

The problem was resolved within an hour, and the retail broker said that despite the third-party protection service did not work properly, the users were then able to use the platform normally.

Read more about the Trading 212 DDOS attack here.

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Anonymous Crypto User Moves $1 Billion of Bitcoin from Silk Road Wallet

Blockchain analytics and intelligence company, Ciphertrace published a report on Wednesday which identified a massive transaction on the Bitcoin network that involves the movement of $1 billion of Bitcoin from the Silk Road darknet market for the first time since April 2015.

According to the report, an anonymous user moved 69,370 Bitcoin from an address associated with Silk Road, one of the first and most popular darknet markets.

Read more on the $1Billion Bitcoin transaction here.

BitMEX Co-Founders ‘Looted’ $440 Million from the Exchange: Lawsuit

The civil lawsuit against crypto derivatives exchange, BitMEX, filed in the United States, has taken another turn as the plaintiffs recently alleged the top officials were systematically looting $440,308,400 from the parent HDR’s accounts.

The motion was filed on behalf of plaintiffs BMA LLC, Yaroslav Kolchin and Vitaly Dubinin, and is asking for a court order to attach the assets of the crypto exchange.

The latest allegations detailed that the three co-founders: Arthur Hayes, Samuel Reed, and Ben Delo, siphoned the funds from HDR’s accounts after they became aware of the investigations by the US Commodity Futures Trading Commission (CFTC) and Department of Justice (DOJ).

Read more on the BitMex Lawsuit here.

FMVS – Finance Magnates Virtual Summit – Registration Open

Registration is now open for the flagship online conference of the year – FMVS.

Bringing together leading brands and thought leaders in the online trading, fintech, digital assets and payments sphere, the Virtual Summit is the essential B2B networking event to attend as the year draws to an end.

See the amazing line up of speakers, content and workshops and register here.

 

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