Crypto exchange Bitfinex has today announced a market-debut service to bridge its centralized platform with the layer-2 decentralized trading platform and subsidiary DeversiFi.  The bridge will provide users access to the permissionless and privacy-centric experiences of DeFi, in combination with the highly-liquid, accessible features of CeFi. A release from the company noted that transactions will be initially exclusive to Tether […]

As financial authorities around the globe become increasingly concerned about stablecoin regulation, a jurisdiction in China is preparing to pilot a new yuan-pegged stablecoin for international trade. Chris Banbury, head of global operations at permissionless blockchain project Conflux, told Cointelegraph on Sept. 21 that the firm will provide its technology to launch an offshore renminbi (RMB) stablecoin pegged to China’s […]

Elon Musk on Wednesday, diagnosed the problem with Dogecoin’s low commercial acceptance rate, as stemming from its unattractive fees, but it is unlikely any change can come sooner.  The Tesla technoking and one-time Dogecoin sole influencer took to Twitter stating: It is “super important for Doge fees to drop to make things like buying movie tix available “ This was […]

If you’re a regular CoinGeek reader, you’ll have spotted a trend by now; the world is rapidly moving towards legalizing and regulating every facet of what could be called the virtual asset industry. All across the globe, we’re seeing crackdowns by governments who have had enough of the schemes and scams in the space. We’re also seeing forward-thinking governments embrace […]

The Australian Securities and Exchange Commission (ASIC) has published on Thursday an updated regulatory guidance on the prohibition of hawking financial products that will ban the retail sale of unsolicited financial products. According to the new rules, financial instrument providers must receive clear consent from the customer with the signing of a contract. It further added that consent must be […]

The retail brokerage landscape continues to see sizable changes in 2021 with companies looking to adjust to a new status quo. Finance Magnates spoke with Amarnath Rath, CEO of CMS Prime for his perspective on the company’s outlook and expansion.   How has Covid impacted the industry and how has CMS Prime managed to get through this period? Nobody saw […]

Swissquote has hired former professional ice hockey player Daniel Vukovic as the broker’s Junior Client Relationship Manager. Announced on Wednesday, he has already joined the Swiss broker. “We are very proud that Daniel Vukovic has decided to join Swissquote for the 2nd chapter of his career,” said Muamar Behnam, Director and Head of Sales HQ at Swissquote Bank. “We hope […]

Come on, Gary Gensler didn’t threaten the industry. Of course he didn’t, but… maybe he did? If a mafia boss repeated the exact same words, there would be no doubt. And we’re quoting him verbatim. This is exactly what the Securities Exchange Commission’s  Chairman told The Washington Post. They had Gary Gensler as a guest in their “The Path Forward” […]

Ripple, one of the world’s leading blockchain firms, recently announced a collaboration with the Royal Monetary Authority (RMA), the central bank of Bhutan. According to the partnership, the central bank will use Ripple’s CBDC solution to enhance financial inclusion and sustainability. Following the recent announcement, the price of XRP jumped significantly. Bhutan is planning to expand its digital and cross-border […]