Home Bitcoin News BitCoin Forex ‘Bitcoin King’ Arrested, ETH, Finalto Battle, BTC Whales: Editor’s Pick – Finance Magnates

‘Bitcoin King’ Arrested, ETH, Finalto Battle, BTC Whales: Editor’s Pick – Finance Magnates

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In a busy week of stories, let’s have a look again on the greatest information tales from the worlds of Foreign exchange, Fintech and Crypto, in our greatest of the week phase.

Bitcoin Wallets Transfer 7,062 BTC from Coinbase

The buying and selling week kicked off with information of extra Bitcoin whale actions. As Bitcoin fell to below $35,000 over the weekend, Bitcoin whale addresses moved greater than 7,000 BTC just lately in two separate transactions from Coinbase to crypto wallets.

Learn extra on the Bitcoin whale movements here.

Interactive Brokers Eliminates Month-to-month Account Inactivity Charges

Interactive Brokers LLC (NASDAQ: IBKR) introduced on Thursday that it has eliminated its month-to-month account inactivity charges.

The measure has been taking impact since July 1, 2021, and customers will not be charged for the $10 price to take care of a minimal stability of their buying and selling accounts, the dealer mentioned in an e mail despatched to the purchasers.

Learn extra on the Interactive Brokers fees withdrawal here.

Ethereum Has the Potential to Overtake Bitcoin, Says Goldman Sachs

Ethereum, the world’s second-largest cryptocurrency, just lately acquired help from Goldman Sachs, one of many main American funding banks.

Simply days after ETH hit a 2-week high, the New York-based funding financial institution mentioned in a observe that the rising reputation of Ethereum makes it the highest contender to overhaul Bitcoin as essentially the most beneficial digital foreign money.

Learn extra on the Goldman Sachs Ethereum support note here.

Institutional Traders Might Quickly Enter DeFi by way of “Aave Professional”

As Finance Magnates reported this week, decentralized lending protocol Aave is planning to launch “Aave Professional,” a permissioned platform for institutional buyers later this month

The platform, which is able to present the identical sorts of companies as Aave’s present platform, will likely be launched in partnership with the digital asset custody and settlement platform Fireblocks.

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Learn extra on the “Aave Pro” launch here.

Playtech Postpones Shareholders’ Voting on Finalto Deal

What every week within the battle for Finalto.

Finalto (previously often called TradeTech), the monetary division of Playtech, acquired a probably profitable $250 million acquisition offer from Gopher Investments the earlier Friday, simply weeks earlier than the Playtech Basic Assembly on July fifteenth the place shareholders had been anticipated to comply with the sale of Finalto to a consortium led by Barinboim Group and backed by Leumi Companions Restricted and Menora Mivtachim Insurance coverage Restricted, along with key members of the Finalto Enterprise’ administration staff.

Very a lot the unknown amount, questions were being asked of Gopher Investments.  Then, on Friday, Playtech introduced that it has adjourned its Basic Assembly for 2 weeks to permit each the Board and the shareholders to ‘additional think about latest developments’ regarding the Finalto acquisition deal.

Learn extra on the Finalto acquisition drama here.

Brazil Police Arrest ‘Bitcoin King’ for $300 Million Fraud

As Finance Magnates reported on Tuesday, the Brazilian Federal Police have arrested a number of members and the chief of Bitcoin Banco Group, an organization that embezzled buyers’ funds within the title of cryptocurrency funding.

Following a three 12 months investigation, the arrests included Cláudio Oliveira, higher often called ‘The Bitcoin King’, who was the President of Bitcoin Banco Group.

Learn extra on the arrest of the ‘Bitcoin King’ here.

Prime 5 Cryptocurrencies of 2021

Whereas a few of the cryptocurrencies spiked by over 10,000% in 2021, others haven’t fared so effectively. Finance Magnates has compiled an inventory of the highest cryptocurrency property which isn’t solely targeted on worth features but additionally ranked on the premise of retail and institutional adoption, reputation and market cap.

Learn extra on the Top 5 Cryptocurrencies of 2021 here.

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