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Japanese Broker Monex Launches Crypto-Based CFDs With 2x Leverage
by Jamie Redman on July 10, 2020 at 9:30 pm
The Japanese online securities company Monex has revealed the launch of cryptocurrency-based contract-for-difference (CFD) services that went live on Wednesday. The new derivatives products offered by Monex will include bitcoin, XRP, ether, and bitcoin cash pairs with 2x leverage. Japanese digital currency exchanges are getting into leverage products as the firm Monex has revealed a The post Japanese Broker Monex Launches Crypto-Based CFDs With 2x Leverage appeared first on Bitcoin News.
Bitfinex Must Face New York’s Accusations Over the Loss of $850M in Co-Mingled Funds
by Jamie Redman on July 10, 2020 at 6:05 pm
The popular digital currency trading platform, Bitfinex must deal with the New York Office of the Attorney General (NYAG) over the alleged hiding of over $800 million in client and corporate funds. The NY state Supreme Court’s Appellate Division overruled an appeal on Thursday, after the company put forth the argument that tether (USDT) was The post Bitfinex Must Face New York’s Accusations Over the Loss of $850M in Co-Mingled Funds appeared first on Bitcoin News.
Bitcoin Bull Mike Novogratz Says to Hold More Gold Than Bitcoin
by Jamie Redman on July 10, 2020 at 3:30 pm
The billionaire investor Michael Novogratz recently detailed in an interview that he thinks global investors should hold more gold in their portfolios and own less bitcoin. Novogratz’s statements follow his recent advice last month when he said investors should “watch gold and bitcoin.” Michael Novogratz is a well known investor and was a hedge fund The post Bitcoin Bull Mike Novogratz Says to Hold More Gold Than Bitcoin appeared first on Bitcoin News.
Romanian Programmer Admits Conspiring to Create $722M Bitclub Ponzi Scheme
by Terence Zimwara on July 10, 2020 at 1:15 pm
A Romanian man admitted Thursday to conspiring to engage in wire fraud and selling unregistered securities linked to Bitclub Network, a cryptocurrency mining Ponzi scheme worth at least $722 million. Silviu Catalin Balaci, 35, a Romanian citizen appeared before U.S. District Judge Claire C. Cecchi. Balaci pleaded guilty to a superseding information charging him with The post Romanian Programmer Admits Conspiring to Create $722M Bitclub Ponzi Scheme appeared first on Bitcoin News.
Shariah Council Permits Cryptocurrency Investing and Trading
by Kevin Helms on July 10, 2020 at 5:10 am
The Shariah Advisory Council of Malaysia’s securities commission has advised that it is permissible to invest and trade cryptocurrencies on registered crypto exchanges. About 60% of the country’s population are Muslims, many of whom have been reluctant to trade crypto in fear that it might not be Sharia-compliant. Shariah-Compliant Crypto Trading The Shariah Advisory Council The post Shariah Council Permits Cryptocurrency Investing and Trading appeared first on Bitcoin News.