Regulators must step up protections for consumers who invest in crypto tokens but also keep in mind that overreach could backfire, the chair of the United Kingdom’s Financial Conduct Authority (FCA) has cautioned. In a new speech written for the Cambridge International Symposium on Economic Crime, Charles Randell, chair of the FCA and Payments Systems Regulator, said that there is […]

Bitcoin often is associated with being a hedge against inflation. We have heard a lot about money printing, devaluation of fiat currencies, hyperinflationary scenarios and the like concerning “HODLing” Bitcoin. But what about deflation?  I once wrote about BTC and BSV in a recession, but have not dived deep enough into the topic of deflation. That is why I caught […]

For years, Binance went about its business unbothered to comply with financial regulations, and very few regulators looked its way. Then, the exchange’s house of cards started crumbling under regulatory scrutiny in an increasingly growing number of countries. Singapore recently joined the long list of regulators going after Binance, banning it from providing payment services and placing it on the Investor Alert […]

Amana Capital, one of the leading online financial trading platforms, announced today that the company has selected Muhammad Rasoul, an industry veteran with a strong entrepreneurial, commercial and operational track record in the global financial sector, as the company’s new CEO. In an official announcement shared with Finance Magnates, Amana Capital mentioned that Ahmad Khatib will be stepping down from […]

Crypto hacks and scams are nothing new in the crypto space, but every time they happen, they still come as a shock to investors. Most especially the victims of these attacks.  Bull markets always seem to come with an increased number of attacks. So with a bull market that has raged on for the better part of a year, 2021 […]

The founder and top executive of Bit Connect – a now extinct cryptocurrency exchange – is being sued by the Securities and Exchange Commission (SEC) over his potential role in fraudulently collecting approximately $2 billion from investors several years ago. Bit Connect Is at the Center of a Legal Battle A civil case against the founder of the company was […]

Whilst blockchains continue to be developed in the financial domain, seeing the bigger picture is  obscured. One blockchain tech group that has come primarily from working on Government applications  of blockchain tech, the NuGenesis group, provides a sharp contrast. For as long as they are not tainted  by the marketing hype of promoting their coins, they are useful for some […]

Slovenia, though small, is one of the fastest-growing nations in Europe, especially in the business and economic contexts. After its successful economic succession from Yugoslavia, it was the first to join the European Union in 2004 and is the wealthiest Slavic nation, as measured by per capita GDP. Crypto adoption in Slovenia has rapidly grown over the years. The awareness […]

Global cryptocurrency exchange Binance announced Sunday that it will roll back product offerings in Singapore amid warnings from financial regulators that the company may have violated payments laws.  Beginning Sept. 9, Singaporeans will no longer be able to trade cryptocurrencies or receive payments denominated in the Singapore dollar, better known as SGD, according to a Sunday blog post. The Binance […]