Bitcoin Picks: Ponzi Scheme Gets Punished & Developers Get New Treat
Saturday,20/09/2014|12:18GMTby
Adil Siddiqui
Another action packed week of activity in the Bitcoin sector, a mix of positive and negative stories engulf the developments in the crypto currency space, ponzi schemes, government bans and new APIs.
The world of Cryptocurrencies continues to face hurdles in its journey of acceptance as a viable instrument. South Asian nation, Bangladesh, has issued a harsh warning against users of Bitcoins with the possibility of prison. On the other hand, currency dealers offering the popular MT4 trading platform are to benefit from a new pricing source as Bitcoin exchange, Ibinex, readies itself to provide liquidity. The weekly wrap is courtesy of specialist industry news source for virtual currencies, DC Magnates.
The Good: App developers Get New Open-Source API
Technologists looking to savour their coding skills to create applications for the Bitcoin market will benefit from a new open-source framework. Coinbase reported that it has launched a new benchmark development, API, the iteration is developer-friendly, allowing them to build in functionality to query up-to-date Blockchain data.
A Texas federal court charged a local resident who was previously found guilty by the US financial watchdog for running a Bitcoin-related Ponzi scheme. The court enforced the guilty party, Bitcoin Savings & Trust’s founder, to pay disgorgement and penalties totaling more than $40 million. Details of the case showed that the scheme had promised significant returns of up to 7% weekly.
The South Asian nation, Bangladesh, has enforced an outright ban on the use of Bitcoins, becoming the fourth country to prohibit residents from using the digital currency. In a statement issued by the central bank its states that the use of the instrument is a punishable offence, with a prison sentence of up to 12 years.
Bitcoins Love of MT4 Continues with New Liquidity Stream
Ibinex, a dedicated Bitcoin exchange, readies the launch of round-the-clock Bitcoin liquidity on the popular MetaTrader 4 platform. The trading terminal, which holds the largest market share of users in the margin FX world, is expected to be rolled-out in Q1 of 2015. Bitcoins are a viable add-on for currency brokers as they gain traction globally among users.
Educating the Educated - Digital Currency Council Extends Reach
A new body supporting the development and sophistication of digital currencies established an office in New York’s lower Manhattan. The Digital Currency Council aims to bridge the gap between end-users and intermediaries, such as financial advisors. The body will educate and inform financial advisors on the dynamic nature of digital currencies as it attempts to create awareness among end-users. It will offer courses and seminars for advisors to ensure they fully understand the financial instrument.
The world of Cryptocurrencies continues to face hurdles in its journey of acceptance as a viable instrument. South Asian nation, Bangladesh, has issued a harsh warning against users of Bitcoins with the possibility of prison. On the other hand, currency dealers offering the popular MT4 trading platform are to benefit from a new pricing source as Bitcoin exchange, Ibinex, readies itself to provide liquidity. The weekly wrap is courtesy of specialist industry news source for virtual currencies, DC Magnates.
The Good: App developers Get New Open-Source API
Technologists looking to savour their coding skills to create applications for the Bitcoin market will benefit from a new open-source framework. Coinbase reported that it has launched a new benchmark development, API, the iteration is developer-friendly, allowing them to build in functionality to query up-to-date Blockchain data.
A Texas federal court charged a local resident who was previously found guilty by the US financial watchdog for running a Bitcoin-related Ponzi scheme. The court enforced the guilty party, Bitcoin Savings & Trust’s founder, to pay disgorgement and penalties totaling more than $40 million. Details of the case showed that the scheme had promised significant returns of up to 7% weekly.
The South Asian nation, Bangladesh, has enforced an outright ban on the use of Bitcoins, becoming the fourth country to prohibit residents from using the digital currency. In a statement issued by the central bank its states that the use of the instrument is a punishable offence, with a prison sentence of up to 12 years.
Bitcoins Love of MT4 Continues with New Liquidity Stream
Ibinex, a dedicated Bitcoin exchange, readies the launch of round-the-clock Bitcoin liquidity on the popular MetaTrader 4 platform. The trading terminal, which holds the largest market share of users in the margin FX world, is expected to be rolled-out in Q1 of 2015. Bitcoins are a viable add-on for currency brokers as they gain traction globally among users.
Educating the Educated - Digital Currency Council Extends Reach
A new body supporting the development and sophistication of digital currencies established an office in New York’s lower Manhattan. The Digital Currency Council aims to bridge the gap between end-users and intermediaries, such as financial advisors. The body will educate and inform financial advisors on the dynamic nature of digital currencies as it attempts to create awareness among end-users. It will offer courses and seminars for advisors to ensure they fully understand the financial instrument.
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
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#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
The FMLS:25 highlights video is now live - a look back at the conversations, the energy on the floor, and the moments that shaped this year’s summit.
While that’s still fresh, the next launches across the FM Events portfolio are already taking shape.
FM Singapore takes place on the 12-14 of May, connecting the APAC market with its own distinct audience and priorities. FMAS:26 heads to Cape Town on 26–27 May shortly after, bringing the focus to Africa’s trading and fintech ecosystem.
Different regions. Different audiences. Same commitment to building the right rooms for meaningful conversations.
More details coming very soon. The launches are imminent. - here you go
The FMLS:25 highlights video is now live - a look back at the conversations, the energy on the floor, and the moments that shaped this year’s summit.
While that’s still fresh, the next launches across the FM Events portfolio are already taking shape.
FM Singapore takes place on the 12-14 of May, connecting the APAC market with its own distinct audience and priorities. FMAS:26 heads to Cape Town on 26–27 May shortly after, bringing the focus to Africa’s trading and fintech ecosystem.
Different regions. Different audiences. Same commitment to building the right rooms for meaningful conversations.
More details coming very soon. The launches are imminent. - here you go
What sources does the Finance Magnates newsroom rely on before publishing a story? #FinanceNews
What sources does the Finance Magnates newsroom rely on before publishing a story? #FinanceNews
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the editorial process: direct industry sources, reports, regulators, social media signals, and thorough cross-checking before anything goes live.
📰 Industry sources
📊 Reports & regulators
🔎 Verification before publication
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the editorial process: direct industry sources, reports, regulators, social media signals, and thorough cross-checking before anything goes live.
📰 Industry sources
📊 Reports & regulators
🔎 Verification before publication
OnePrime’s Jerry Khargi on Infrastructure, Liquidity & Trust | Executive Interview
OnePrime’s Jerry Khargi on Infrastructure, Liquidity & Trust | Executive Interview
Recorded live at FMLS:25 London, this exclusive executive interview features Jerry Khargi, Executive Director at OnePrime, in conversation with Andrea Badiola Mateos from Finance Magnates.
In this in-depth discussion, Jerry shares:
- OnePrime’s journey from a retail-focused business to a global institutional liquidity provider
- What truly sets award-winning trading infrastructure apart
- Key trends shaping institutional trading, including technology and AI
- The importance of transparency, ethics, and reputation in long-term success
- OnePrime’s vision for growth over the next 12–24 months
Fresh from winning Finance Magnates’ Best Trading Infrastructure Broker, Jerry explains how experience, mentorship, and real-world problem solving form the “special sauce” behind OnePrime’s institutional offering.
🏆 Award Highlight: Best Trading Infrastructure Broker
👉 Subscribe to Finance Magnates for more executive interviews, market insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #OnePrime #InstitutionalTrading #Liquidity #TradingInfrastructure #ExecutiveInterview
Recorded live at FMLS:25 London, this exclusive executive interview features Jerry Khargi, Executive Director at OnePrime, in conversation with Andrea Badiola Mateos from Finance Magnates.
In this in-depth discussion, Jerry shares:
- OnePrime’s journey from a retail-focused business to a global institutional liquidity provider
- What truly sets award-winning trading infrastructure apart
- Key trends shaping institutional trading, including technology and AI
- The importance of transparency, ethics, and reputation in long-term success
- OnePrime’s vision for growth over the next 12–24 months
Fresh from winning Finance Magnates’ Best Trading Infrastructure Broker, Jerry explains how experience, mentorship, and real-world problem solving form the “special sauce” behind OnePrime’s institutional offering.
🏆 Award Highlight: Best Trading Infrastructure Broker
👉 Subscribe to Finance Magnates for more executive interviews, market insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #OnePrime #InstitutionalTrading #Liquidity #TradingInfrastructure #ExecutiveInterview
How does the Finance Magnates newsroom decide which updates are worth covering? #financenews
How does the Finance Magnates newsroom decide which updates are worth covering? #financenews
What makes an update worth covering in financial media?
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, editorial focus starts with relevance: stories that serve the industry, support brokers and technology providers, and help decision-makers navigate their businesses.
A reminder that strong financial journalism is built on value, not volume.
What makes an update worth covering in financial media?
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, editorial focus starts with relevance: stories that serve the industry, support brokers and technology providers, and help decision-makers navigate their businesses.
A reminder that strong financial journalism is built on value, not volume.
