In a week dominated by historic Bitcoin movements, here are the top stories from the forex, fintech and crypto worlds in the best of the week segment.
What Pushed Bitcoin Over $20K, and What’s Next?
Where else to start than with Bitcoin?. Having passed the key milestone of $20,000, Finance Magnates set about analyzing what finally pushed Bitcoin over the $20k mark and what’s next for the granddaddy of crypto?.
With expert insights from Matteo Dante Perruccio, President International of Wave Financial Group, Dan Simerman, Head of Financial Relations at the IOTA Foundation, Matt Luongo, Chief Executive of Thesis, Steve Ehrlich, Chief Executive Officer and Co-founder of the crypto trading platform, Voyager, and more, Finance Magnates looked at the possible comparisons to 2017 and what, if anything, could impede Bitcoin’s ascendancy.
Read more on Bitcoin and beyond here.
FXCM Gains CySEC License to Continue European Operations
Retail FX and CFD broker, FXCM Group, has received a fresh regulatory license from the Cyprus Securities and Exchange Commission (CySEC) ahead of the Brexit transition period expiry.
Finance Magnates reported FXCM’s application for a CySec license earlier in the year. The Cyprus Investment Firm (CIF) license was awarded to the locally formed entity FXCM EU Ltd.
Currently, the broker passports its UK license to offer services to the European Union. However, the validity of that license inside Europe will be under question in case of a probable no-deal divorce between the UK and EU.
Read more on the FXCM CySec License here.
American Express Enters Cryptocurrency Market