Bitcoin Picks: Ponzi Scheme Gets Punished & Developers Get New Treat
by
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.
Institutional FX Demand Continues to Climb in April
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.
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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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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.
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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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
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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
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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.
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#fmas #fmas24 #fmevents #networking #finance #africa
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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.
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