Bhavye Khetan’s Post

A big ad today in NYTIMES and I assume everywhere, paid for by a16z the defi/crypto arm of AndreesenHorowitz. You know, the company that brought you DFinity and its leader Dominic Williams. And let’s not forget the raft of (“pretend”) products such as a defi Facebook, a defi Twitter, a defi Spotify…. All of which are NOWHERE anymore to be seen. So, they’re going at it again. Figuring they have a pre-made cult to advance their main objective: making a lot of money and controlling…well, everything. Yes, this is just another way more sophisticated effort to take power away from democratic oversight and regulation and pursue their adolescent “age of techno-optimism”. Remember that thing? Another seriously sweaty, panting teenage male fantasy.

Following a turbulent week during which they were unable to access popular trading platforms offered by MetaQuotes, Funding Pips announced that customer accounts and transaction data had been successfully transferred to Match-Trade Technologies' rival platform. The CEO of Funding Pips confirmed a full migration from the current servers and a switch to Match-Trade Technologies, the company that develops the Match-Trader platform, just days after the company revealed that it had terminated its partnership with MetaQuotes for servicing US clients without the required regulatory approvals. On the official Discord channel, Khaled Ayesh declared that the platform is going through extra stress tests for trading conditions and connections with liquidity providers. He also stated that the migration to "Match-Trader is 100% complete." Along with other trading conditions, Ayesh also gave reassurance that the commissions and spreads that were previously provided through the Meta Trader 4 and 5 platforms have been maintained inside Match-Trader. Meanwhile, the Funding Pips technical team is integrating Dxtrade and Ctrader, among other alternative platforms, with the eventual goal of integrating them with TradeLocker. The president of Funding Pips stated, "Any completed work will be released immediately, followed by TradeLocker, while we await MetaQuotes' decision on whether we will receive our own licence." He emphasised that in order to avoid future problems with service offerings for US clients, the company is now obtaining licences for futures and cryptocurrencies. Funding Pips immediately stopped offering services to traders and terminated trading on February 14. "Unexpected urgent maintenance" was the reason given to clients for the outage. The single brokerage partner of Funding Pips, Blackbull Markets, terminated their partnership, resulting in a disruption of services. A Blackbull representative attested to the fact that MetaQuotes forced the broker to stop providing services to Funding Pips. "We were unfortunately forced to shut down Funding Pips as a client and their server on our demo environment immediately due to a violation of our grey label licence ability to offer this for prop firms," a Blackbull Markets spokesperson said. Keep in mind that they were exclusively MT5 users on our demo server." This incident highlights MetaQuotes' crackdown on prop trading companies that make use of their platforms. In order to establish MetaQuotes' licencing authority in the industry, Blackbull Markets, which was using its MT5 licence to prop trading enterprises, was forced to cut its connections with Funding Pips. https://lnkd.in/eVi9fbNW . #propfirms #trading #propconnect #forex #FundingPips #tradingnews

MetaQuotes Ltd. is cracking down on #proptrading. The trading technology provider is forcing brokers to stop grey-labeling its MT4/MT5 platforms to prop trading platforms. BlackBull Markets and Purple Trading recently stopped their services to prop trading firms. However, the concerns are about offering MT4/MT5 access to US clients. Prop trading is not regulated like financial services products. Thus, the prop trading platforms can offer US citizens and residents services. Although this is legal, the shady nature of several prop trading firms might put #MetaTrader in a weird position again (remember that Apple's App Store already banned two MT apps earlier). Anyway, it will be interesting to see how the crackdown by MetaQuotes would shape the controversial prop trading industry. #cfds #finance #financialservices #trading #fx #forex https://lnkd.in/g8aPtmQV

🌳 Robinhood steps into the forest of financial news - the birth of Sherwood News. An unexpected player enters the media circus. It's the one who's been shaking up Wall Street. Yes, Robinhood! The stock trading platform that positioned itself as the champion of the small investor now presents Sherwood News. Who's leading the charge🔝? None other than Joshua Topolsky, a veteran journalist🎙️, headhunting a team of nearly two dozen from the likes of Bloomberg and The New York Times. The website will cover all things business - markets, tech, crypto, and personal finance. And what's the catch? Well, Sherwood News isn't just an information hub🌐, it's a money-making venture for Robinhood. Starting off with an advertising-based model, it may branch out into events and other revenue streams⚖️. Now the questions we should be asking: Can Robinhood beat the odds and turn its media venture into a profit machine 💹? Will Sherwood News be able to engage users, increase advertising revenue, and potentially generate subscription revenue if integrated as an investor tool? Or will it become another costly distraction and flop📉? Let's keep a close watch! For more ⚡️ explosive news, insights, and the best in FinTech, follow us 👇 Find this roundup useful? Feel free to share 🔄 Have a burning comment? We'd love to hear from you 💬 Enjoyed the story? Show some love with a thumbs up 👍 #AleronIT #SoftwareDevelopment #Fintech

This month is a testament to the adoption of web3 by finance leaders worldwide. The Web3 Finance Club reached 900 members 📈 👏 All members are innovative finance leaders, the same way innovative marketing people adopted the internet decades ago. At the time, adopting the internet felt like a risk-friendly idea. Today, web3 is the new internet. It is the internet of value. That's why finance people play such a key role. CFOs, CPAs, COOs, and founders are making web3 mainstream adoption happen, whether that's through NFTs, cost-effective cross-border transactions, or other use cases. I was previously a CFO myself; I'm honored to interact daily with experts in an online Slack community of finance people who are changing the world. The new joiners in June are from 22 different countries, and here are some of the most interesting profiles: - Milos Prastalo, CPA, Certified Accountant at MNP Advisory with expertise in R&D Tax Reliefs & Crypto Tax in Serbia - Oleg Giberstein, Co-Founder at Coinrule (YC S21), helping traders with automated trading strategies, from London, UK - Saloni Tolia, specialized in Crypto Financial Operations, OTC Trading & Accounting, from Canada - Ariel Diaz, CFO and Wealth Manager for International Wealthy Individuals and their Family Offices from the US & Argentina - Steven Craven, Chartered Accountant in Web3 for family offices from the Isle of Man (UK)

Navigating the tumultuous waters of the stock market can often feel like being an ancient mariner without a map or compass — daunting, to say the least. However, with the advent of technology, a beacon of light in the form of stock exchange apps has emerged, guiding both neophyte traders and seasoned investors to the shores of financial success. #BestStockExchangeApp #BestStockTradingApps #StockExchangeApps #StockMarket #StrategiesforProfitingintheStock #TopStockTradingApps

HashKey Exchange and imToken Form Strategic Partnership to Bridge quot Trusted ... - Yahoo Finance Web3 operates on a trustless principle, relying on code, incentives, and economic mechanisms, giving users the option to not rely on third party ... More Info. HashKey Exchange and imToken Form Strategic Partnership to Bridge "Trusted and Trustless" Services in the Web3 Ecosystem https://lnkd.in/dt6xegtE #trending

We’re bullish on Compliant Asset Tokenisation, and here’s why we believe you should be too. C.A.T can be the bridge between today’s regulated economy and tomorrow’s Web3 economy. The world is starting to wake up to the multi-trillion dollar trend that is Real World Assets tokenised on-chain (RWA). The size of the category has seen 10X growth this year alone. But until now, there hasn't been a compliant way to tokenise the most valuable and in-demand regulated assets in financial markets. Good thing is, we’re living in the ‘now’. Redbelly’s Compliant Asset Tokenisation solution enables businesses to tokenise and trade these high value regulated assets in a compliant way, protecting new and existing investors, their businesses' reputation and risk profiles, and allowing them to work with market regulators not against them. Redbelly’s solution allows both sides of the ecosystem to work together sustainably. That's good for investors, good for businesses, good for Web3 and good for the world. And, that's why we're bullish on CAT. Are you curious to learn more or ready to plug in with our community? Join our Discord and be part of the change. https://hubs.la/Q022F9lv0 #RedbellyNetwork

Curious about the key differences between social and copy trading? Take a look at our latest Medium article where we break it down. Plus, get a sneak peek at #Phemex Pulse, our new social trading platform! Check it out here: https://lnkd.in/dVXT9nED