Bitcoin Picks: Record-Breaking Investments and the Re-Emergence of Bitcoin Binaries
Saturday,01/11/2014|17:13GMTby
Adil Siddiqui
The world of virtual currency trading benefited from a number of strategic events that put a positive light on the sector. IG bought back Bitcoin binary trading and investors poured millions in crypto-firms.
A week of positivity for participants in the growing virtual currency segment. The week started with news that one of the world's largest financial brokers, IG, had re-launched its Bitcoin binary offering. The news followed at the end of the week with figures showing record investments in the Bitcoin sector. As usual, there was cause for concern as one crypto-currency firm had called it quits.
Bitcoin Picks provides a summary of the best trending stories reported by specialist news DC Magnates.
An October to Remember as Investment Activity in Crypto-Firms Nears $80 million
October has been a record-breaking month for Bitcoin-related investment activity, with $78.9 million pouring into the industry. This is nearly double the combined $41 million from August and September.There were 12 deals reported in October, while September had 6 and August had 8, according to the DC Magnates Crypto Deal Table.
Leading International CFD Provider, IG, Re-Launches Bitcoin Binary Options 2.0
The UK origin broker is offering bitcoin trading in both Sprint and Ladder binary options. Sprint is IG’s terminology for classic binary options in which customers wager whether prices of an instrument will close higher or lower than the current market prices, with a fixed payout if they are correct.
Merchants to Benefit from Availability of Litecoin and Dogecoin as Shopify Partners with GoCoin
Shopify has bought in on GoCoin, giving its 120,000 supported merchants the option of accepting litecoin and dogecoin Payments. Like with bitcoin, holders of these currencies pay their dollar equivalent value and the merchant can receive the entire amount in fiat.
Shopify aims to help anyone looking to sell a product set up a turnkey e-commerce solution. Merchants use Shopify’s tools for full control over their site’s design and to securely accept credit card payments.
New Bitcoin against Japanese Yen Trading to Be Launched by Kraken
The bitcoin exchange, Kraken, is poised to launch trading between the cryptocurrency and the Japanese yen in a matter of hours, slated for 7:00 PM EST/8:00 AM JST launch amid rising demand for domestic JPY deposits.
The report comes on the heels of an earlier announcement last week, which portended JPY trading and a Kraken launch in Japan by month's end. The move to extend JPY trading on Kraken has been an arduous process given staunch regulatory barriers from the Japanese government. In addition, Kraken is resuming USD deposits again thanks to its partnership with Luxembourg-based payment processor PayCash. With the partnership, the exchange will also accept GBP deposits and add a BTC/GBP (referred to XBT/GBP on Kraken) trading pair.
Justcoin Calls It a Day as Norwegian Banks Deny Banking Facilities
Norway-based cryptocurrency exchange, Justcoin, has announced that it will be shutting down, effective today. They cite their bank’s closure of their account and the refusal of Norwegian banks to host accounts for businesses dealing with digital currencies.
In addition to an e-mail notification, Justcoin tweeted and wrote on its blog: “Justcoin is shutting down. Affected users, check your email.” Users are urged to withdraw their funds by November 11.
A week of positivity for participants in the growing virtual currency segment. The week started with news that one of the world's largest financial brokers, IG, had re-launched its Bitcoin binary offering. The news followed at the end of the week with figures showing record investments in the Bitcoin sector. As usual, there was cause for concern as one crypto-currency firm had called it quits.
Bitcoin Picks provides a summary of the best trending stories reported by specialist news DC Magnates.
An October to Remember as Investment Activity in Crypto-Firms Nears $80 million
October has been a record-breaking month for Bitcoin-related investment activity, with $78.9 million pouring into the industry. This is nearly double the combined $41 million from August and September.There were 12 deals reported in October, while September had 6 and August had 8, according to the DC Magnates Crypto Deal Table.
Leading International CFD Provider, IG, Re-Launches Bitcoin Binary Options 2.0
The UK origin broker is offering bitcoin trading in both Sprint and Ladder binary options. Sprint is IG’s terminology for classic binary options in which customers wager whether prices of an instrument will close higher or lower than the current market prices, with a fixed payout if they are correct.
Merchants to Benefit from Availability of Litecoin and Dogecoin as Shopify Partners with GoCoin
Shopify has bought in on GoCoin, giving its 120,000 supported merchants the option of accepting litecoin and dogecoin Payments. Like with bitcoin, holders of these currencies pay their dollar equivalent value and the merchant can receive the entire amount in fiat.
Shopify aims to help anyone looking to sell a product set up a turnkey e-commerce solution. Merchants use Shopify’s tools for full control over their site’s design and to securely accept credit card payments.
New Bitcoin against Japanese Yen Trading to Be Launched by Kraken
The bitcoin exchange, Kraken, is poised to launch trading between the cryptocurrency and the Japanese yen in a matter of hours, slated for 7:00 PM EST/8:00 AM JST launch amid rising demand for domestic JPY deposits.
The report comes on the heels of an earlier announcement last week, which portended JPY trading and a Kraken launch in Japan by month's end. The move to extend JPY trading on Kraken has been an arduous process given staunch regulatory barriers from the Japanese government. In addition, Kraken is resuming USD deposits again thanks to its partnership with Luxembourg-based payment processor PayCash. With the partnership, the exchange will also accept GBP deposits and add a BTC/GBP (referred to XBT/GBP on Kraken) trading pair.
Justcoin Calls It a Day as Norwegian Banks Deny Banking Facilities
Norway-based cryptocurrency exchange, Justcoin, has announced that it will be shutting down, effective today. They cite their bank’s closure of their account and the refusal of Norwegian banks to host accounts for businesses dealing with digital currencies.
In addition to an e-mail notification, Justcoin tweeted and wrote on its blog: “Justcoin is shutting down. Affected users, check your email.” Users are urged to withdraw their funds by November 11.
Executive Interview with Andrian Coxon | Exante | FMLS:24
Executive Interview with Andrian Coxon | Exante | FMLS:24
Executive Interview with Andrian Coxon, CMO at Exante during FMLS:24
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Executive Interview with Andrian Coxon, CMO at Exante during FMLS:24
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Executive Interview with Siju Daniel & Wei Qiang Zhang | ATFX | FMLS:24
Executive Interview with Siju Daniel & Wei Qiang Zhang | ATFX | FMLS:24
Executive Interview with Siju Daniel, from ATFX and Wei Qiang Zhang from ATFX Connect | FMLS:24
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Executive Interview with Siju Daniel, from ATFX and Wei Qiang Zhang from ATFX Connect | FMLS:24
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Executive Interview with Adam Saward | EC Markets | FMLS:24
Executive Interview with Adam Saward | EC Markets | FMLS:24
Executive Interview with Adam Saward | EC Markets | FMLS:24
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Executive Interview with Adam Saward | EC Markets | FMLS:24
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Executive Interview with Johnny Khalil | Tickmill | FMLS:24
Executive Interview with Johnny Khalil | Tickmill | FMLS:24
Executive Interview with Johnny Khalil, Executive Director at Tickmill during FMLS:24
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Executive Interview with Johnny Khalil, Executive Director at Tickmill during FMLS:24
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How Modern Consumer Habits Are Transforming Global Payments
How Modern Consumer Habits Are Transforming Global Payments
The evolution of consumer expectations is reshaping the payments sphere worldwide. From seamless in-store purchases to instant cross-border transfers, the demand for secure and frictionless payment solutions is transforming how businesses and financial institutions approach transactions. But what does this mean for the future of payments, and how can organizations keep up?
On December 4, 2024, Finance Magnates, in partnership with @Visa Direct, hosted a live webinar dedicated to exploring these pressing questions. Industry experts will provided actionable insights into the trends, challenges, and opportunities in global payments, equipping attendees with the tools they need heading into 2025.
DISCLAIMER:
The views and opinions expressed in this webinar are those of the speakers and do not necessarily reflect the views or positions of any entities they represent (including, but not limited to their respective parent companies or affiliates). The views and opinions expressed are based upon information the speakers consider reliable and are intended for informational purposes only and should not be relied upon for operational, marketing, legal, technical, tax, financial or other advice. No party (speaker or the entities they represent) makes any warranty or representation as to the completeness or accuracy of the information within this webinar, nor assumes any liability or responsibility that may result from reliance on such information. The information contained herein is not intended as investment or legal advice, and readers are encouraged to seek the advice of a competent professional where such advice is required.
#FinanceMagnates #VisaDirect #GlobalPayments #FutureOfPayments #PaymentsInnovation #CrossBorderPayments #SecurePayments #SeamlessTransactions #FinancialInsights #PaymentsTrends #WebinarRecap #BusinessFinance #DigitalPayments #FintechInsights #Payments2025
The evolution of consumer expectations is reshaping the payments sphere worldwide. From seamless in-store purchases to instant cross-border transfers, the demand for secure and frictionless payment solutions is transforming how businesses and financial institutions approach transactions. But what does this mean for the future of payments, and how can organizations keep up?
On December 4, 2024, Finance Magnates, in partnership with @Visa Direct, hosted a live webinar dedicated to exploring these pressing questions. Industry experts will provided actionable insights into the trends, challenges, and opportunities in global payments, equipping attendees with the tools they need heading into 2025.
DISCLAIMER:
The views and opinions expressed in this webinar are those of the speakers and do not necessarily reflect the views or positions of any entities they represent (including, but not limited to their respective parent companies or affiliates). The views and opinions expressed are based upon information the speakers consider reliable and are intended for informational purposes only and should not be relied upon for operational, marketing, legal, technical, tax, financial or other advice. No party (speaker or the entities they represent) makes any warranty or representation as to the completeness or accuracy of the information within this webinar, nor assumes any liability or responsibility that may result from reliance on such information. The information contained herein is not intended as investment or legal advice, and readers are encouraged to seek the advice of a competent professional where such advice is required.
#FinanceMagnates #VisaDirect #GlobalPayments #FutureOfPayments #PaymentsInnovation #CrossBorderPayments #SecurePayments #SeamlessTransactions #FinancialInsights #PaymentsTrends #WebinarRecap #BusinessFinance #DigitalPayments #FintechInsights #Payments2025