Gate.io launches in Hong Kong
Gate Group, the crypto exchange operator Gate.io, has entered Hong Kong with its new local crypto trading platform, Gate.HK. The launch came as the crypto exchange prepares to apply for a digital asset license in Hong Kong.
The platform, which already started its services on May 23, offers spot transactions with cryptocurrencies such as Bitcoin, Ethereum and Litecoin. It also plans to expand its offering by adding services to retail and professional investors.
“Going forward, the new platform will deploy various other services to provide a wider range of shopping choices, tailoring each new product and service to meet user needs and regulatory requirements in Hong Kong,” added the lender. ‘announcement.
IG warns of volatility in Turkish elections
London-headquartered IG issued another warning of potential market volatility with the second round of Turkey’s presidential elections to be held next Sunday. Turkey’s presidential and parliamentary elections were held last Sunday, but neither party managed to secure 50% of the vote, leading to the second round of elections.
“During May 14 (Sunday) trading before and after Election Day, liquidity in the Turkish Lira market dropped significantly, resulting in a period when online trading could not be provided. “, reads the notice. “It is also possible that the Turkish lira market will suddenly fluctuate according to the trend of the elections.”
“From the second half of this week to the first half of next week, especially in the morning of Japan time and Monday, May 29, we expect a sharp increase in volatility in the forex market due to election results, etc., so we will start trading as usual. Please note that there is a good chance that you will not be able to do this.
Bitget leverages Copper’s ClearLoop
Lionel Messi-endorsed crypto exchange Bitget has become the sixth platform to integrate Copper’s Clearloop. This will allow institutional clients of the exchange to trade with cryptocurrencies without taking them out of cold storage.
Gracy Chen, MD at Bitget
“Institutional crypto investors are primarily looking for ways to protect their assets and optimize exchanges,” said Gracy Chen, CEO of Bitget. “Bitget’s partnership with Copper illustrates our ongoing efforts to build trust among institutional crypto users.”
CFI opens an office in Egypt
Credit Financial Invest (CFI), a leading FX/CFD broker in the Middle East, has expanded its physical presence in the region with the opening of a new office in Egypt.
“Opening up new possibilities in Egypt!” We are celebrating the grand opening of our extended offices today, as we proudly bring our services to the dynamic land of Egypt,” the broker’s social media handle said.
CFTC attacks Icomtech
The US Commodity Futures Trading Commission (CFTC) has joined the country’s securities market regulator in taking enforcement action against the five promoters of Icomtech, a fraudulent crypto investment scheme.
The regulator pointed out that the five defendants fraudulently embezzled hundreds of thousands of dollars from more than 170 people for the alleged trading in Bitcoin and other digital assets. The program primarily targeted Spanish-speaking communities, offering “daily returns” of between 0.9% and 2.8% and promising to double the investment in around four to eight months.
The CFTC is now trying to recover the victims’ investments and is also seeking to impose civil penalties on the five defendants, as well as permanent trade and registration bans and an injunction.
Gate.io launches in Hong Kong
Gate Group, the crypto exchange operator Gate.io, has entered Hong Kong with its new local crypto trading platform, Gate.HK. The launch came as the crypto exchange prepares to apply for a digital asset license in Hong Kong.
The platform, which already started its services on May 23, offers spot transactions with cryptocurrencies such as Bitcoin, Ethereum and Litecoin. It also plans to expand its offering by adding services to retail and professional investors.
“Going forward, the new platform will deploy various other services to provide a wider range of shopping choices, tailoring each new product and service to meet user needs and regulatory requirements in Hong Kong,” added the lender. ‘announcement.
IG warns of volatility in Turkish elections
London-headquartered IG issued another warning of potential market volatility with the second round of Turkey’s presidential elections to be held next Sunday. Turkey’s presidential and parliamentary elections were held last Sunday, but neither party managed to secure 50% of the vote, leading to the second round of elections.
“During May 14 (Sunday) trading before and after Election Day, liquidity in the Turkish Lira market dropped significantly, resulting in a period when online trading could not be provided. “, reads the notice. “It is also possible that the Turkish lira market will suddenly fluctuate according to the trend of the elections.”
“From the second half of this week to the first half of next week, especially in the morning of Japan time and Monday, May 29, we expect a sharp increase in volatility in the forex market due to election results, etc., so we will start trading as usual. Please note that there is a good chance that you will not be able to do this.
Bitget leverages Copper’s ClearLoop
Lionel Messi-endorsed crypto exchange Bitget has become the sixth platform to integrate Copper’s Clearloop. This will allow institutional clients of the exchange to trade with cryptocurrencies without taking them out of cold storage.
Gracy Chen, MD at Bitget
“Institutional crypto investors are primarily looking for ways to protect their assets and optimize exchanges,” said Gracy Chen, CEO of Bitget. “Bitget’s partnership with Copper illustrates our ongoing efforts to build trust among institutional crypto users.”
CFI opens an office in Egypt
Credit Financial Invest (CFI), a leading FX/CFD broker in the Middle East, has expanded its physical presence in the region with the opening of a new office in Egypt.
“Opening new possibilities in Egypt!” We are celebrating the grand opening of our extended offices today, as we proudly bring our services to the dynamic land of Egypt,” the broker’s social media handle said.
CFTC attacks Icomtech
The US Commodity Futures Trading Commission (CFTC) has joined the country’s securities market regulator in taking enforcement action against the five promoters of Icomtech, a fraudulent crypto investment scheme.
The regulator pointed out that the five defendants fraudulently embezzled hundreds of thousands of dollars from more than 170 people for the alleged trading in Bitcoin and other digital assets. The program primarily targeted Spanish-speaking communities, offering “daily returns” of between 0.9% and 2.8% and promising to double the investment in around four to eight months.
The CFTC is now trying to recover the victims’ investments and is also seeking to impose civil penalties on the five defendants, as well as permanent trade and registration bans and an injunction.
