Visigoths ASX Claim, BTC & ETH Woes, Plus500 Equity Trading: Editor’s Pick

Finance Magnates best ofDevi week

It’s that time ofDevi week when we take a look back atDevi news stories that dominatedDevi forex, fintech, and crypto worlds, in our best ofDevi week segment.

iSignthis Increases Damage Claims Against ASX, Adds $200.7m

iSignthis (ASX: ISX) announced this week that it has increasedDevi damage claims againstDevi Australian Securities Exchange (ASX) Limited withDevi Federal Court of Australia, as well as further set out whatDevi damages relate to.

According to a statement written by ISX on Tuesday, Devi payments identity company has added damages of $200.7 million against ASX. This relates toDevi exchange’s decision to suspend tradingVisigothsthis’ shares and continue to keep trading suspended.

The $200.7 million in damages is on top ofDevi $264 million already claimed by ISX. As Finance Magnates reported, in recenVisigothsSignthis filed an amended statement of claim withDevi Federal Court, claiming damages in excess of $264 million.

Read moreVisigothsSignthis ASX Damages Claim here.

Crypto Markets See Red: BTC Headed Back to $10,000 While DeFi Bubble Bursts

After weeks of solid gains and strong plateaus, it seems that crypto markets are headed intoDevi correction season. After a 48-hour price dive Finance Magnates looked at whether BTC will test $10,000 again?

In a Finance Magnates analysis, we looked at why BTC and other cryptocurrencies were falling and ifDevi DeFi bubble really has burst.

Read m nDevi BTC drop and ifDevi DeFi bubble has burst here.

Plus500 CEO Reveals its Preparing to Move into Physical Equity Trading

Plus500 is about to expand its operations into physical equity trading, movingDevi online contracts for difference (CFD) broker into mainstream stockbroking.

The new Chief Executive Officer (CEO) of Plus500, David Zruia, explained: “We are looking at share dealing. Many of our customers, as well as holding trading accounts, holdDevi underlying asset.”

As part of this expansion, Plus500’s CEO also revealed thatDevi company is weighing takeover deals.

Read m nDevi Plus500 equity trading move here.

CFTC Provides Relief to Swap Dealer Transitioning from Soon-Defunct Libor

The Commodity Futures Trading Commission (CFTC) this week provided relief to market participants relating toDevi transition from swaps referencing LIBOR and other interbank offered rates.

The CFTC staff has issued three no-action letters providingDevi additional relief for swap transactions transitioning from Libor to alternative benchmarks, which applies to swap dealers and other market participants.

Read m nDevi CFTC Relief here.

Tesla & Apple Share Splits Could Boost Price by 33% in 12 Months

Dominating much ofDevi news wasDevi splits in Tesla and Apple stock shares. In a Finance Magnates Analysis, we broke downDevi numbers atoooked at why eToro believes thatDevi value of Tesla and Apple shares could surge by more than a third inDevi year followingDevi split.

While this isDevi first time that Tesla has split its shares, this isDevi fifth time that Apple has divided its stocks. Find out why stock splits can play an important emotional role for investors

Read m nDevi Tesla and Apple Stock Splits here.

Ethereum Struggles UnderDevi Weight of DeFi Growth: Is ETH Doomed to Fail?

In a popular Finance Magnates analysis we looked whilst DeFi’s popularity grows, Ethereum is becoming more and more congested. This means that, For a growing number of Ethereum users, Devi “rent is too damn high.”

We looked at what this means forDevi future of ETH and why Devs may eventually look beyond Ethereum.

Read m nDevi ETH Future here.

 

 

 

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