Belize news

Belizean government seeks to promote and enhance Belize as an international financial services center. 247exchange.com, a Belizean exchange, enables instant payments from 400 banks Europe wide. Last updated: October 3, 2014.

World latest news

Belize Broker MTrading Halts Crypto CFD Offering Until Further Notice Due To Weaker Demand

MTrading Suspends Cryptocurrency Offering Until Further Notice Due To Weaker Demand The cryptocurrency bear market seems to be affecting the whole blockchain industry. This time, the Belize-regulated broker called MTrading has decided to suspend its cryptocurrency CFD offering due to weaker demand from clients. Now, the offering will be suspended until further notice. The information was released by Finance Magnates a few days ago. Traders that have open positions in the affected assets were left with a close-only feature. On February 28, the open CFDs will be closed at the market close price. Orders that were not filled will also be deleted. Thus, traders will not have the possibility to open new trades with cryptocurrency. The company commented on the matter: “While we believe our trading conditions were very good for crypto trading, the demand for these instruments was not what we had anticipated. We still believe blockchain and cryptocurrency has a place in the future, but for now, better opportunities lie in more traditional instruments.” It seems that the bear market is not attracting as many investors as it did in the past. At the end of 2017 and the beginning of 2018, the market was skyrocketing. Companies were launching Initial Coin Offerings (ICOs) and projects were gathering several million dollars in funds. The company, as well as other firms, launched their cryptocurrency products when Bitcoin and other digital assets were growing in price. Back in December 2018, each Bitcoin was traded close to $20,000. Nevertheless, as soon as it reached that value, the popular digital asset fell to new lows in December 2018. Due to the strong bullish trend in virtual currencies, created risk management issues that hindered the ability of several companies to sustain the digital asset. Because of this, some brokerages stopped offering Bitcoin CFDs. As Finance Magnates reports, a large number of brokers were reducing their exposure to cryptocurrencies after this bear market that affected the whole industry
Bitcoin Exchange Guide

Knowable Cryptocurrency Supporter John McAfee’s Troubled Past Of Belize Neighbor May Not Be Over

The cryptocurrency enthusiasts and Bitcoin bullish has been found liable for the death of his neighbor in Belize Gregory Faull. According to news outlet The Register, his neighbor was found dead with a gunshot back in 2012. This verdict was reached in a United States’ district court in Florida. Although the case was closed by the judge, it was recently opened again after a ruling by the US Appeals Court. The legal battle was started five years ago by Gregory Faull’s estate. According to the San Pedro Sun, John McAfee’s neighbor was found death by a housekeeper in his living room. Faull had a gunshot wound to he back of his head. Local authorities went to McAfee's house in order for him to be declared as a witness, but McAfee had already traveled abroad. The US District Judge Gregory Presnell ruled: “The Court will enter default judgement as to liability in favour of Plaintiff and against Defendant for the wrongful death of Gregory V. Faull.” So as to determine what damages McAfee will have to pay, a bench trial has been scheduled for January 2019. McAfee did not engage of the legal process and he did not even hire a lawyer to follow the case. During his time living in Belize he has been accused of running a drug manufacturing operation and having unlicensed firearms. However, after the raid, local authorities dropped all he charges against McAfee. In a recent tweet linking to The Register, McAfee said, This was my 203rd lawsuit. I never answer them. I always default to whatever their lawyers claim. My first wrongful death was due to an airplane that crashed, piloted by my student pilot. I was found liable. I own nothing, and no one has ever collected.https://t.co/oI2wLxxL3X — John McAfee (@officialmcafee) November 16, 2018 As usual, the comments under the tweet seem to be very friendly for McAfee. He has a very respected voice in the crypto community and has always been promoting different blockchain and crypto-related projects to all its audience.
Bitcoin Exchange Guide

Why Russia Dominates OTC While Malta, Belize Lead Exchange Sector

Malta and Belize are currently reported to be leading the cryptocurrency exchange industry in terms of trade-volume. On the other hand, Russia leads the way in over-the-counter (OTC) crypto transactions with over 2,000 bitcoin being traded weekly in Moscow. Local reports estimate that daily crypto trading figures in the country’s capital reach $50 million with volumes generally ranging between $10 and $20 million. However, actual figures are hard to come by because of the decentralized nature of the sector. The Unique OTC Market in Russia Cryptocurrency trading in Russia has grown significantly since last year in correlation with the industry boom that saw digital currencies reach unprecedented levels in value. Presently, government regulation in regards to OTC trading in the country is largely murky, causing a significant portion of the trades to be undertaken in fiat currencies like US dollars and Rubles. Individual traders and shops offer a variety of enticing deals to clients including fast, anonymous transactions and trades in numerous fiat currencies. According to local reports, the current Russian OTC marketplace is said to resemble its 90s forex market in which deals were undertaken right on the streets. No background checks are done, and one does not need to declare the origin of the funds. Most traders reportedly use peer-to-peer trading platforms such as LocalBitcoins. The allure of the Russian OTC market is said to reside in its innominate nature where anyone with cash or crypto, regardless of their background, can trade. This is in sharp contrast to the U.S. OTC market where trading firms implement stringent know-your-customer (KYC) policies and follow strict anti-money laundering (AML) laws. The Growth of the Malta, Belize Exchange Markets While Russia, China, and the United States dominate the OTC market, the Malta and Belize cryptocurrency exchange sectors are unrivaled. In Malta, daily trade volumes average over a billion dollars, while Belize’s exchange industry trades approximately $700 million within the same duration. According to data compiled by Morgan Stanley, daily cryptocurrency trades in Malta, Seychelles, and Belize exceed $2.6 billion. So what led to the exponential rise of these markets in such relatively small countries? Ecosystems friendly to crypto investors and start-ups has something to do with it. In Belize’s case, there is still not much in the way of government regulations restricting ICOs, which are crucial fundraising instruments for nascent companies. However, crypto trading enterprises in the country are regulated by the International Financial Services Commission of Belize. That said, the rules are not as stringent as say, in the United States, where minor infractions can attract major penalties and prosecution. The government of Malta has taken major steps to turn the country into a major crypto hub. In Malta’s case, the government has gone to extreme lengths to encourage cryptocurrency businesses to set up base in the country. The result is that it is now home to a significant number of them, including Binance, the world’s biggest trading platform in volume. Overwhelming government support has led to major industry developments, including a recently signed partnership between the cryptocurrency trading behemoth, Binance, and the Malta Stock Exchange (MSX). The deal will enable Binance to carry out security token trading. The post Why Russia Dominates OTC While Malta, Belize Lead Exchange Sector appeared first on CoinCentral.
Coin Central
More news sources

Trending

Hot news

Hot world news

Maximine Coin Surge, eToro Adds TRON, Rakuten and Yahoo, Boss Crypto - Cryptocurrency News

Maximine coin is up more than 700% within the past 30 days. eToro also announced yesterday that they will add Tron TRX to its platform with more than 10 million registered users. Mattie will also talk about Rakuten and Yahoo continuing Mainstream Progression Towards Cryptocurrency as well as Boss Crypto, a crypto investment and education platform. ----------------------------------------------------------------------------------- Connect with us on Social Media: Twitter: https://twitter.com/Altcoinbuzzio Facebook: https://www.facebook.com/altcoinbuzzio/ Telegram: https://t.me/joinchat/DLi8Ug8negQrbwYO-oqNRA ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: https://bit.ly/2rWQnHa CoolWallet S: https://bit.ly/2Liy5bv Trezor: https://bit.ly/2IXrZic Ledger Nano S: https://bit.ly/2IyE3al KeepKey: https://bit.ly/2x5TlhM Read about them here: https://bit.ly/2rTdthZ --------------------------------------------------------------------------------- References: BossCrypto – Crypto Investment and Education Platform https://www.altcoinbuzz.io/crypto-news/spotlight/bosscrypto-crypto-investment-and-education-platform/ Boss Crypto https://bosscrypto.co/buzz Yahoo and Rakuten Continue Mainstream Progression Towards Cryptocurrency https://coingape.com/yahoo-rakuten-progress-cryptocurrency/ Rakuten Wallet Launch Announced for March 30, 2019 https://www.ccn.com/rakuten-wallet-launch-announced-for-march-30-2019 Here’s Why Crypto Maximine Coin (MXM) Jumped 754.5% in March https://cryptoupdate.ca/heres-why-crypto-maximine-coin-mxm-jumped-754-5-in-march/ https://www.coingecko.com/en/coins/maximine https://maximine.io/ eToro adds Tron TRX to its Platform with More than 10 Million Users https://www.altcoinbuzz.io/crypto-news/product-release/etoro-adds-tron-trx-to-its-platform-with-more-than-10-million-users/ https://twitter.com/Altcoinbuzzio/status/1110447607250210817 -------------------------------------------------------------------------------- DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
Altcoin Buzz

Maximine Coin [MXM] Jumps 30% Higher While Top Currencies Continued Bleeding

In a continuous declining market, there’s one coin that stood out higher. Maximine Coin or MXM Coin broke a new record of entering into the graph of Top 40 cryptocurrencies with a spike of 30 percent over the past 24 hours. Why MXM Coin Pumped Higher? The value surge is quite surprising because the top crypto assets including Bitcoin, Ethereum, XRP, Litecoin, EOS, Bitcoin Cash, Binance Coin, and many other cryptos are on the way out. Nevertheless, the major concern comes after the spike of MXM Coin trading volume on CoinBene exchange which suspects to have wash trading activities. Despite this decline drive, Maximine Coin’s MXM token is ruling with rising volume among the top 40 cryptocurrencies. At the moment, the MXM’s average trading value counts $159,653,386 which has gained 30.11 Percent over the last 24 hours. Moreover, the coin is trading at $0.096818. Maximin Coin or MXM is presently available at a handful of crypto trading platforms including CoinBene, HitBTC, Coinbit, and Livecoin. Among these exchanges, the highest trading volume is split among CoinBene and HitBTC with pair of USDT, ETH, and BTC respectively. Is there anything Related to CoinBene’s Suspected Wash Trading? Looking closer at the coinmarketcap, the highest trading volume of MXM coin can be seen on CoinBene, the exchange which was once noticed of involving with wash trading activities as reported by Bitwise Asset Management. Reports further revealed that the volume is faked by the exchange itself that results to inflate actual numbers to catch user’s attention. Moreover, the exchange registered in Singapore and doesn’t need KYC for a user to have an account with. To note, the Bitforex exchange where MXM Coin will soon be listed is also based out in Singapore – moreover, Maximine Coin is reportedly registered in the same country. Additionally, recent reports reveal that the coin had gained mainstream concern from Bitforex, a Singapore based trading platform. The firm announced to list MXM coin on its exchange which many speculate and relate the coin’s significant performance with. Heard the news? 👂🏼 Seen the papers? 👀 If you haven't, keep your eyes glued to the screen and your ears wide open because @maximinecoin is coming to @bitforexcom ! 🍻🙌🏼 Details in link below! 👇🏼https://t.co/A8E21UuBz2 — MaxiMine (@maximinecoin) March 26, 2019 What do you think about CoinBene and its trading contribution to Maximine Coin? share your opinion with us  The post Maximine Coin [MXM] Jumps 30% Higher While Top Currencies Continued Bleeding appeared first on Coingape.
CoinGape
By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.