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.
TMX Moves to Acquire Cboe’s Canada and Australia Exchanges in $300 Million Deal
FM Daily Brief - 24 April 2026
FM Daily Brief - 24 April 2026
It's Friday, the twenty-fourth of April 2026. You're listening to the Finance Magnates Daily Brief. Today's lead: Finance Magnates can exclusively report on ACCM's all-time Q1 volume record. Also ahead: the FCA's first coordinated crypto raids in the UK, and a major US day trading rule change. Listen to the full episode...
It's Friday, the twenty-fourth of April 2026. You're listening to the Finance Magnates Daily Brief. Today's lead: Finance Magnates can exclusively report on ACCM's all-time Q1 volume record. Also ahead: the FCA's first coordinated crypto raids in the UK, and a major US day trading rule change. Listen to the full episode...
It's Wednesday, the twenty-third of April 2026. You're listening to the Finance Magnates Daily Brief. Broker results first today: NAGA posts its first profitable quarter, and Hantec's Q1 volume hits one-point-two trillion. Also ahead: prop firm payout data and a three-hundred-million-dollar exchange deal.
Sponsored by FM Academy
It's Wednesday, the twenty-third of April 2026. You're listening to the Finance Magnates Daily Brief. Broker results first today: NAGA posts its first profitable quarter, and Hantec's Q1 volume hits one-point-two trillion. Also ahead: prop firm payout data and a three-hundred-million-dollar exchange deal.
Sponsored by FM Academy
FM Daily Brief: 21 April 2026
FM Daily Brief: 21 April 2026
It's Tuesday, the twenty-first of April, twenty twenty-six. You're listening to the Finance Magnates Daily Brief. Today's lead: the Bank for International Settlements has put dollar stablecoins on the regulatory hot seat. Also ahead: first quarter earnings from Capital.com and Plus500, Revolut pushes its IPO to twenty twenty-eight, and a look at where Singapore hedge funds are really moving.
It's Tuesday, the twenty-first of April, twenty twenty-six. You're listening to the Finance Magnates Daily Brief. Today's lead: the Bank for International Settlements has put dollar stablecoins on the regulatory hot seat. Also ahead: first quarter earnings from Capital.com and Plus500, Revolut pushes its IPO to twenty twenty-eight, and a look at where Singapore hedge funds are really moving.
In this video, we review @FundedNext a proprietary trading firm offering evaluation challenges for CFD and futures traders using simulated accounts.
We cover how the model works, including challenge types, profit targets, loss limits, and performance-based rewards. You’ll also learn about payout structures, supported platforms, and key features such as the firm’s 24-hour payout policy and flexible challenge formats.
Watch the full video to see if FundedNext fits your trading approach.
#FundedNext #PropFirm #PropTrading #FinanceMagnates #Trading #CFDTrading #FuturesTrading #TradingReview
In this video, we review @FundedNext a proprietary trading firm offering evaluation challenges for CFD and futures traders using simulated accounts.
We cover how the model works, including challenge types, profit targets, loss limits, and performance-based rewards. You’ll also learn about payout structures, supported platforms, and key features such as the firm’s 24-hour payout policy and flexible challenge formats.
Watch the full video to see if FundedNext fits your trading approach.
#FundedNext #PropFirm #PropTrading #FinanceMagnates #Trading #CFDTrading #FuturesTrading #TradingReview
TradingPro Winner Spotlight 🏆 | Global Best Overall Broker 2025
TradingPro Winner Spotlight 🏆 | Global Best Overall Broker 2025
TradingPro takes the spotlight as Global Best Overall Broker 2025 at the Finance Magnates Awards.
Yusna Yusman, Head of Global Marketing, describes the night as inspiring, elegant, and full of energy.
She also shares a message of appreciation to the clients and community whose support made this achievement possible.
👉 Be part of FM Awards 2026.
#FinanceMagnatesAwards #TradingPro #Trading #Fintech #Broker #WinnerSpotlight #Shorts
TradingPro takes the spotlight as Global Best Overall Broker 2025 at the Finance Magnates Awards.
Yusna Yusman, Head of Global Marketing, describes the night as inspiring, elegant, and full of energy.
She also shares a message of appreciation to the clients and community whose support made this achievement possible.
👉 Be part of FM Awards 2026.
#FinanceMagnatesAwards #TradingPro #Trading #Fintech #Broker #WinnerSpotlight #Shorts
