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At the request of the Ontario Securities Commission (OSC), the Crypto.com cryptocurrency exchange will remove the Tether (USDT) stablecoin from the listing of assets available to users in the region. Crypto.com reported that Tether support for residents of the region will end on January 31st. The exchange invited USDT holders to complete all transactions before the deadline, as well as convert or withdraw stablecoin deposits from exchange accounts. “Crypto.com will delist USDT for Canadian users
Trading Terminology – Understanding the Basics A look at common CFD trading terms and what they mean… When it comes to online trading, there is no better platform than MetaTrader4. The award-winning trading software is a favorite amongst newbies and pro-traders alike. This is due to many favorable features however, in order to take full advantage of these features, you need to know and understand the basic language in the industry: Top
News1 reports, citing unnamed Huobi Korea sources, that on January 9, 2023, the Korean division of the Huobi Global cryptocurrency exchange began preparing a buyback procedure for its shares owned by the parent company. The Korean branch plans to change the commercial name: “Huobi Korea is constantly suffering from the image of the Chinese exchange. The name change and share buyback can be interpreted as an attempt to show that it is a safe, national
It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get
Cryptocurrency exchange Coinbase has agreed to pay $100 million to settle claims by the NYDFS accusing the exchange of non-compliance with AML rules from 2020 to 2021. This came to light in a consent-based injunction signed Jan. 4 by New York State Department of Financial Services (NYDFS) superintendent Adrienne Harris. Earlier, the regulator accused the marketplace Coinbase of failing to take proper anti-money laundering measures in 2020 and 2021. The document states that Coinbase’s non-compliance
Building a Diverse Trading Portfolio A look at the importance of risk mitigation through diversifying your portfolio. When it comes to online trading, portfolio diversification is a powerful tool used by investors to mitigate risk. This strategy involves investors holding multiple assets across varying markets, industries and geographical jurisdictions in order to spread their exposure and decrease the risk of loss due to one industry collapsing. The Benefits of a Diversified
The CEO of the ShapeShift cryptocurrency exchange believes that the bitcoin rate will soon begin to grow and by the summer of this year the first cryptocurrency will cost $40,000. Erik Voorhes made the announcement in an interview with Bankless. The businessman believes that Bitcoin is ready for a “large-scale return.” The ShapeShift CEO expects a new bull cycle in the cryptocurrency market, thanks to which BTC will reach new records. However, in this case,
El Salvador lost its position as the fourth largest country in terms of the number of crypto ATMs, giving way to Australia and Poland, according to Coin ATM Radar, an observer of the crypto ATM network. As part of the campaign to bitcoinize the economy of El Salvador, the government of the country has installed 212 cryptomats. At the initial stage, this allowed El Salvador to enter the top three, after the USA and Canada.
Ethereum co-founder Vitalik Buterin expressed support for the Solana blockchain, which is going through difficult times after the collapse of the FTX cryptocurrency exchange. The situation with the FTX exchange provoked a serious drop in the price of SOL, which fell below $10 for the first time in two years, as a result of which the coin dropped to 17th place in terms of market capitalization. Several platforms are planning to move from Solana to
It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get