UK Financial Watchdog Warns Against Firm Claiming to be Authorized With FCA

U.K.’s Financial Conduct Authority has warned the public against illicit Bulgaria-based Next Coin, which claims to be FCA-authorized. The British financial regulator, the Financial Conduct Authority (FCA), has issued a warning against illegal crypto-related firm Next Coin Market, according to an official statement released on March 6. According to the FCA, Bulgaria-based Next Coin falsely […]

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From Stablecoins to Blockchain Trials: Japanese Players Are Going Crypto as the Local Government Is Overseeing the Market

Last month was particularly eventful for the Japanese crypto ecosystem. The beginning of the year was particularly eventful for the Japanese crypto ecosystem, which is generally considered to be a major part of the industry. First of all, Japan’s Central Bank (BoJ) issued a study on the role of central bank digital currencies (CBDCs) in […]

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Futures Exchange Promises Zero-Fees: Startup Hits One Million Sign-Ups for Waitlist

sponsored A cryptocurrency futures exchange wants to appeal to a wider net of traders by offering crypto futures contracts as well as traditional futures markets, all with zero fees. Blockchain startup Digitex Futures is ready to launch its commission-free futures exchange. The platform is planning to add traditional futures markets — including forex, metals, commodities […]

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Swiss Crypto Bank Warns Customers About Company Masquerading as Partner

Switzerland-based online crypto bank Dukascopy has warned clients about a “clone” company GCG Asia claiming to be affiliated with the bank. Switzerland-based cryptocurrency bank Dukascopy has warned customers that forex trading company GCG Asia is fraudulently claiming to be the bank’s authorized firm in an announcement published on Feb. 27. In the announcement, Dukascopy Bank […]

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Former Goldman Sachs Exec Joins Blockchain-Focused Hedge Fund

MaiCapital, a blockchain-oriented hedge fund, has appointed former Goldman Sachs executive Marco Lim as a managing partner at the company. Former Goldman Sachs executive Marco Lim has reportedly been appointed as a managing partner at Hong Kong-based blockchain and cryptocurrency-focused hedge fund MaiCapital, Finance Magnates reported on Feb. 25. Prior to joining MaiCapital, Lim also […]

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HSBC Reports 25% Savings in Forex Trade Settlement Using Blockchain

London-based banking giant HSBC has revealed its blockchain-powered platform cut costs for forex trade settlement by a quarter. London-based banking giant HSBC has revealed its blockchain-powered platform cut costs for foreign exchange (forex) trade settlement by a quarter, Reuters reported on Feb. 14. According to Mark Williamson — chief operating officer of forex cash trading […]

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