05/11 Market report
【Dow Jones】 【EUR】 【Gold】 【Crude Oil】
WikiFX report: Luno Announces That Its Nigerian Users Will Soon Be Able To Withdraw and Deposit Fund
Nigerian merchants will be able to withdraw and deposit funds on cryptocurrency trading platform Luno after more than seven months. Following the country's cryptocurrency ban in February, the platform halted naira transactions.
The three major U.S. stock indexes rose collectively, and spot gold continued to decline
The three major U.S. stock indexes rose collectively, and spot gold continued to decline
Finland officially announced to join NATO, will the chaos in Europe resume?
Finland officially announced to join NATO, will the chaos in Europe resume?
WikiFX report: Nigerians deposit $10 for first crypto trade as Luno hits 10m wallets globally
According to a new analysis, Nigerians' average first deposit to trade on the cryptocurrency platform Luno was $10 during a 12-month period, but it is still behind the $76 deposit made by Singaporean users, the highest on the platform.
WikiFX report: African crypto usage spurs Luno as customers reach 7M
Between January 2020 and January 2021, Luno, a U.K.-based crypto firm formed by Marcus Swanepoel and Timothy Stranex in 2013, rose to 6 million customers. However, since then, the figure has risen to 7 million. With customers in 40 countries, the company now employs approximately 400 people in London, South Africa, Malaysia, Indonesia, Nigeria, and Singapore.
WikiFX report: Bitcoin Is Trading at a 46% Premium on Luno Nigeria After Central Bank Ban
The premium rose after the Central Bank of Nigeria reminded banks they could not provide crypto exchanges with financial services.
WikiFX report: INTERVIEW: Luno wants to work with CBN on crypto regulation, says Owen Odia
The Central Bank of Nigeria issued a groundbreaking ban on cryptocurrency transactions in the banking sector a year ago. The prohibition was imposed by the apex bank to prevent it from being used for illegal purposes. The restriction required crypto exchanges to make significant changes to their operations, as several were unable to accept deposits or process withdrawals at the time. However, the Nigerian cryptocurrency sector has continued to grow, fueled by peer-to-peer trading and exchanges.
WikiFX report: Cryptocurrency: Luno resumes naira deposit, withdrawal for Nigerians
Luno traders in Nigeria will be able to deposit and withdraw in local currency starting in November, the trading platform announced on Monday.
WikiFX report: CySEC Withdraws ICF Membership of Coverdeal Holdings
The company terminated its services last year, and its CIF license was also withdrawn.
WikiFX report: Coverdeal FX operator no longer member of Cyprus Investors Compensation Fund
The Investors Compensation Fund (ICF) has withdrawn Coverdeal Holdings Ltd's membership in the ICF, which includes brands like Coverdeal FX, according to the Cyprus Securities and Exchange Commission (CySEC).
WikiFX report: CySEC-regulated brokerage Coverdeal Holdings renounces license
In principle, the exit of CySEC-regulated investment firms (CIF) is good news for European investors. Many of them help scam brokers or run frauds through offshore firms, all while pretending to be legitimate by using the CySEC CIF license. Although not all CySEC CIFs are scammers, a significant number of them are. In this regard, the withdrawal of CySEC companies is good news for investor protection. Coverdeal Holdings Limited has done so, surrendering its CIF license 231/14 and ceasing operations.
WikiFX report: Forex Broker BTCUSDT Investment Limited Conducts A Withdrawal Scam
Recently, Brokersview learned that a Japanese customer has been involved in a forex withdrawal scam operated by BTCUSDT Investment Limited.
WikiFX report:Scotia iTRADE Announces Canada’s First Sustainable Investing Tools for Direct Investor
Scotia iTRADE announced Canada’s first sustainable investing tools for direct investors. The new tools provide detailed environmental, social and governance (ESG) data, which looks at individual companies’ corporate practices.
Top 10 Habits of Successful Forex Traders
The habits of successful forex traders are what make them successful. The daily attitude and trading decisions are actually what drive the success of an investment. It’s not all about what you know, it’s about how you execute. The way your knowledge is being reflected in your trading attitude is what makes you a successful trader. Remember that you have the ability to control your own behavior, even if you can not control the market.
What is the Right Amount Required to Start Forex Trading?
How much money do I need to start forex trading? It is a frequently asked question by forex beginners. The forex market is the most accessible market in the world, and it fits different trading abilities. With an initial capital as low as $50, or less, anyone can easily start forex trading. But first, let's have a quick on how forex trading works.
How to Start a Forex Affiliate Marketing Business: Step-by-step Guide
In today’s hyper-digitalized world, if you’re wondering how to supplement your paycheck by creating passive income streams online, or perhaps you’re curious about how to make money online without creating your own product, Forex affiliate marketing could be a great option for you. The affiliate marketing industry is gaining traction across a wide range of industries. In fact, affiliate marketing now surpasses 16 billion dollars and is a $6.8 billion dollar industry in the U.S. alone.
The U.S. CPI in April recorded a year-on-year increase of 8.3%, and the market is betting that the Fed will raise interest rates by 70bps rate in June
The U.S. CPI in April recorded a year-on-year increase of 8.3%, and the market is betting that the Fed will raise interest rates by 70bps rate in June
U.S. CPI exceeds expectations, three major U.S. stock index futures dive
U.S. CPI exceeds expectations, three major U.S. stock index futures dive
WikiFX report: Gold & Monetary Revaluation
Central banks would implement gold revaluation (not monetization, where gold is redeemable in exchange for paper script as a monetary medium) — perhaps first the US Federal Reserve, then others...