Finance Magnates

Finance Magnates, previously known as Forex Magnates, stands as the unique global center for online and electronic trading information across multiple asset classes. By combining news, research, and events, it effectively serves the diverse requirements of the worldwide trading community. Established in 2009 by Michael Greenberg, Finance Magnates began with a focus on the Forex B2B sector. Today, it provides an exceptional resource for both industry experts and trading enthusiasts seeking valuable insights.

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Why Is Bitcoin Going Up? BTC Price Hits New Record High Above $111,000 as Institutional Demand Surges

2 weeks ago | financemagnates.com

Bitcoin News: Bitcoin surges past $111,000 to new all-time high as institutional demand drives prices. Learn why Bitcoin is going up today and expert price predictions for 2025 and beyond.
Bhutan Taps Hydropower for Green Crypto Mining to Achieve ESG Goals

1 month ago | financemagnates.com | Tareq Sikder

Bhutan is exploring the use of hydropower to mine greencryptocurrencies. The aim is to support the economy and reduce youth migration,according to the head of the country's sovereign wealth fund. Green cryptocurrencies are digital currencies mined usingrenewable energy, such as hydropower. Unlike fossil fuels, these energy sourceshave a lower environmental impact. Bhutan is located between India and China. It has investedin popular cryptocurrencies in recent years.
XRP Trades in Range as Ripple-SEC Case Paused for 60 Days Following Joint Request

1 month ago | financemagnates.com | Tareq Sikder

The legal dispute between Ripple and the US Securities andExchange Commission (SEC) has taken another turn. The US Court of Appeals hasagreed to pause the case for 60 days following a joint request from bothparties. This development has sparked speculation about possiblebehind-the-scenes discussions that could lead to a shift in legal strategy.
Cryptopay Targets CFD Brokers: Hires Stavros Psyllos as Chief Commercial Officer

1 month ago | financemagnates.com | Arnab Shome

Stavros Psyllos has joined Cryptopay, a provider of cryptocurrency payment solutions, as Chief Commercial Officer. His responsibilities include “driving strategies for expansion.”From Gaming to CFDsCryptopay’s offerings include crypto deposits for fiat withdrawals, crypto payouts (including mass payouts), and same-day or next-day withdrawals. The company is also preparing to launch business cards soon. Currently, Cryptopay serves a significant number of gaming clients.
Alpha Group Sets Sights on US and Singapore in Client-Led Expansion Strategy

1 month ago | financemagnates.com | Damian Chmiel

Alpha GroupInternational (LSE: ALPH),the London-based financial services provider, is exploring expansion intoSingapore and the United States as part of its long-term growth strategy,according to the company's annual report published today (Thursday)The FTSE250 firm, which reporteda 23% increase in revenue to £135.6 million for fiscal year 2024, indicatedthat the potential expansion would primarily focus on serving existing Europeanclients who already operate in these jurisdictions.
Latest WhatsApp Investment Scam Unveils Bots, Bogus Leaderboards, and Broken Promises

1 month ago | financemagnates.com | Damian Chmiel

New Zealand'sFinancial Markets Authority (FMA) has issued an alert about an elaborateinvestment scam operating through WhatsApp that promises unrealistic returnswhile employing sophisticated social engineering tactics to defraud investors. Recentsurvey data from FinanceMagnates.com and FXStreet found thatapproximately 60% of traders targeted by scammers on platforms like WhatsAppand Telegram end up losing money.
Exclusive: FundedNext Re-Enters US with New Futures Prop Platform

1 month ago | financemagnates.com | Arnab Shome

FundedNext, a prop trading firm launched in 2022, is now launching a new futures prop trading brand, FundedNext Futures, which will also be available to users in the United States, Financemagnates.com has learned exclusively. However, the company clarified that its legacy CFDs-based prop products will remain unavailable to US clients.
SEC Targets “Pig Butchering” and Romance Scams Leading to “Goodbye to Your Money”

1 month ago | financemagnates.com | Tareq Sikder

The US Securities and Exchange Commission’s Office ofInvestor Education and Advocacy (OIEA) has launched a new public servicecampaign to raise awareness about relationship investment scams. These scams often begin with an unsolicited message throughsocial media or text, where a scammer tries to build a personal connection overtime. Once trust is established, the scammer convinces the victim to invest infraudulent opportunities.
Nvidia $5.5B Tariff Hit: No Chinese Market for H20 Chip

1 month ago | financemagnates.com

Chip giant Nvidia warns of a massive Q1 blow from U.S. tariffs, as Chinese demand for their H20 AI chip dies—and the wider tech sector might be next.
WazirX Investors Told to Approach Government After Court Dismissal in ₹2,000 Crore Crypto Hack

1 month ago | financemagnates.com | Tareq Sikder

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