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South African Bitcoin Investment Company Faces Fresh Scam Allegations


FX Choice, a forex and crypto trading company, is making new allegations that South African bitcoin investment company, Mirror Trading International (MTI) is a multi-level marketing scam. The company says it uncovered this after researching into MTI, a firm that claims to have “118,027...

CoinDesk Monthly Review, July 2020


In the opening weeks of July, it looked like gold would surpass bitcoin for monthly returns, as it reached an all-time high, a frustrating state of affairs for those who believe the current macro situation should be a “perfect storm” for bitcoin’s “gold 2.0” narrative. That was before bitcoin shot...

Government-Owned Swiss Bank Launching Crypto Trading and Custody Services


Basler Kantonalbank (BKB), Switzerland’s eighth-largest bank, is getting into crypto through its subsidiary, Bank Cler. Owned by the Swiss Canton of Basel-City, BKB has total assets of approximately $49 billion. Swiss Canton Bank Launching Crypto Services Local Swiss government-owned...

Major Chinese Banks Bar Customers From Buying Gold, Precious Metals


Major Chinese banks have taken measures to prevent customers from buying gold, platinum, palladium, and other precious metal-related products through them. The Shanghai Gold Exchange also says it may take necessary measures to curb gold trading to “protect investors.” Chinese Banks...

Upbots—A One-Stop Shop Solution for Trading and DeFi Investments


With the massive rise of DeFi platforms in the last month, there has been a new focus in the blockchain industry with its emphasis on automation. For example, you can add liquidity to a lending economy, a decentralized exchange, or a market maker. Your investment automatically begins to accrue...

Bitcoin Exchange Reserves Drop to a 12-Month Low Fueling Bullish Optimism


The number of bitcoin held on exchanges has touched a 12-month low, as bitcoin exchange balances have reached levels not seen since June 2019. According to onchain statistics, there’s more than 2.6 million BTC held on global trading platforms worldwide. Data from a number of sources show that...

‘Huge Demand in India’ Spurs Zebpay to Launch OTC Bitcoin Trading Desk


Indian cryptocurrency exchange Zebpay is launching an OTC bitcoin trading desk. The exchange has shared the details with news.Bitcoin.com, stating that “There is huge demand” among bitcoin traders and arbitrageurs in India for OTC desk services. Zebpay Sees Huge Demand for OTC Crypto...

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