The Best of The Week on Cryptocurrencies
Following allegations of misappropriation, South Korea has taken over three different cryptocurrency accusations. The authorities, however, did not release any details of the supposed offenders, but this move is being seen as a being part of a more comprehensive abolition.
There were suspicions for some time which were later confirmed as Google is joining Facebook in banning all cryptocurrency advertisements. Google was a significant platform for cryptocurrency but now will have to find other channels to promote themselves.
Google has asked the forex entities to gain approval mandatorily before advertising on the platform and has completely banned affiliate advertising for brokers. Nicc Lewis has analyzed the effect that this is likely to have on the brokerage industry.
Ayondo, a Germany-based social trading brokerage filed for a listing on the Singapore Stock Exchange. 26th of March is the expected date for beginning trade. The target of the company is to make $16 million through the IPO bringing the capitalism to $130.7 million.
An analysis piece published by Finance Magnates Intelligence revealed that US-broker FXCM would remain in the top 5 non-Japanese brokers having an average volume of $194 billion in 2017. The words ‘a Leucadia company‘ was added to its brand which would reflect the loan that helped it survive the 2015 crisis.
The exchange said in a statement:
“After extensively researching decentralized exchange frameworks and analyzing existing implementations, we believe significant improvements can be made in providing Binance users with a level of trading experience to which they are already accustomed.”