New FCA Rules Could Reduce UK Bitcoin Spread Betting Appeal
The UK Financial Conduct Authority (FCA) has proposed stricter rules for Contract for Difference (CFD) products which include financial spread betting. While illegal in the US, spread betting is legal in the UK. Bitcoin spread betting is available through some of the country’s largest CFD operators, such as IG Group. What is Spread Betting? Spread....
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When it comes to investing in companies, the first port of call is often the stock market. A stock market is where different investors can buy and trade shares in listed companies with the hope of making a profit from dividends and rising prices. Investing in companies through shares is just one of many ways to get involved with the market. You can also gain access through funds, investment trusts, enterprise investment schemes and venture capital trusts. Buying shares is a relatively simple concept, you own a portion of a company and benefit if its share price rises and lose out if it....
Just days after SatoshiDice sold for almost $12 million, another bitcoin-based online betting site has started up, but with a key difference. Bitbetex is a peer-to-peer betting system, that allows anyone to bet on anything with someone else. Currently in beta, the site works by allowing someone to offer a bet on pretty much anything (in the explainer video, someone bets on the outcome of a football match with Spain). When offering a bet, a person also chooses the odds. They can either back a bet (betting that something will happen), or they can lay a bet (betting that something won't....
In the long run, this news will be positive for the bitcoin ecosystem as a whole. The bitcoin world was rather shocked to find out the PBOC had another meeting with exchange operators. Although that had been announced weeks in advance, the market responded in a rather negative manner. As it turns out, this meeting took place to inform domestic exchanges about the AML and forex rules affecting all Chinese companies. Not adhering to these rules can result in the exchanges being shut down, albeit no one is violating the rules right now. It is not surprising to learn AML and foreign exchange....
Sports betting, one of America's favorite pastimes, might do more to popularize bitcoin among the general public in the short term than the improvements the cryptocurrency is bringing to the financial sector. According to one sports betting site review, a sports betting website that takes bets in bitcoin - Nitrogen Sports - is getting positive customer feedback. The Premier Bitcoin Betting Site. Sportsbook Review.com (SBR), an online review of sports betting sites, has posted a video tutorial about Nitrogen Sports, which it describes as the premier bitcoin betting website. The tutorial,....
In the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), the recent order granting in part and denying in part the motion for Summary Judgment by Judge Torres has left many XRP investors eagerly awaiting the next steps. To shed some light on the situation, prominent attorney Jeremy Hogan has shared his thoughts on the matter, offering valuable insights into the potential appeal process with deadlines and its implications for both parties involved. Ripple Vs. SEC: The Next Possible Deadline Hogan, a seasoned attorney with experience in appeals, cautions....