Record FX Volumes, Ripple Interview and Binary Fraud: Editor's Pick

In another busy week for news, dominated by the impact of the coronavirus, let's take a look at the top stories from the Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term, fintech, and crypto spheres in my editor's pick.

Four Detained in Bulgaria in €80M Binary Options Fraud

We started the week with news of yet another binary options fraud. Three Bulgarian and one German national were detained in Bulgaria following a joint operation between authorities in Germany, Austria, Serbia, and Bulgaria.

A further five people connected to the fraud have been detained in Serbia, cash seized, and more than 30 bank accounts are under examination, including one bank account with over €2.5 million, which has also been blocked.

Read more on the Bulgarian Binary Options fraud here.

FX Platforms Post Record Volumes for March Across the Board

The sun is shining, and FX brokers are making hay. The primary FX venues have all reported strong gains in average daily volume (ADV) in March this year. CME Group and Refinitiv hit their highest levels since September 2014, while EBS reached the highest level since January 2013.

Read how Refinitiv hit the highest turnover across FX products since it started reporting data in April 2009 and more, in the Finance Magnates FX Record Volumes report.

Ripple MD Sees' Shift to Digital' After Coronavirus: Interview

In an exclusive Finance Magnates Interview, Navin Gupta, Managing Director of South Asia & MENA at Ripple, shared what he's observed during the coronavirus and what the cryptocurrency is doing to grow in S. Asia & MENA.

The industry leader opened up on Ripple's growth strategy as well, giving his take of the post-coronavirus digital landscape.

Catch the full Navin Gupta interview here.

BUX Launches Zero-Fee Crypto Trading Across Europe

BUX, the Dutch retail brokerage platform active in 25 European countries, announced this week the launch of its crypto platform offering commission-free trading services. Dubbed BUX Crypto, the public launch of the crypto-specific platform across Europe, followed its soft launch in early March.

Read more on the BUX Crypto Launch here.

Will the Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term Halving Still Boost the Price Post-Coronavirus?

In a widely read Finance Magnates analysis, we discussed whether the halving would have the same effect, post coronavirus, that analysts were saying it would in early 2020?

With exclusive input from experts such as Danny Scott, chief executive and founder of Bitcoin-to-fiat platform CoinCorner and Danny Donahue, editor-in-chief at CryptoDetail.com, we broke down exactly what could happen and what will happen with the bitcoin halving.

Read the Bitcoin halving analysis here.

Chairman of Santander's Portuguese Unit Dies from Coronavirus

As Finance Magnates covered, Antonio Vieira Montero, Chairman of Santander Portugal, became the second victim of the disease in Portugal, passing away from coronavirus aged 73.

Vieira Montero was placed in quarantine after traveling to hit Italy earlier this month. He had been with the company for more than 20 years.

Read more on Antonio Vieira Montero's passing and Santander's statement here.

Funding in the Time of Corona: How Fintech Startups are Surviving

The coronavirus is changing the way that fintech startups are funded. Which companies will survive--and thrive?

In a very popular Finance Magnates analysis, we discussed why the coronavirus is particularly bad for young companies? And what actions they need to take to succeed.

Industry leaders including Ksenia Yudina, chief executive and founder of UNest, Carlos Domingo, co-founder and chief executive of Securitize, and Peter Colis, chief executive of venture-backed life insurtech startup Ethos, all provided valuable insight and interesting answers.

Read the Fintech Funding in Corona Times analysis here.