Do you think IG in matched orders with other institutions to pump price against the losing short sellers and deflate against losing long sellers?
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Cryptocurrency is heralded for its transparency; sadly though, it is also prone to cybercriminals’ attack. Although crypto exchanges channel some resources to protect users’ assets, sophisticated attackers go extra mile to breach their security walls. On June 10th 2024, the leading CEX, OKX, confirmed that hackers gained access to the exchange by forging documents to obtain the personal information of some OKX users, draining a few accounts ultimately. A possible “Deepfakes” incident that has assentuated the need for exchanges to beef up security. Deepfakes have proven to enable sophisticated identity frauds that can escape stringent security measures. Acting proactively, exchanges like Bitget has now adopted Sumsub, an AI-powered deepfake detection that effectively detects forgery and fraud, shielding users' assets from hacks and thefts. Digital landscape is steadily evolving, necessitating the urgent need to adopt new industry safety standard. Has Bitget gone a step ahead in curbing the growing menace called Deepfakes? https://cointelegraph.com/news/bitget-sumsub-deepfake-detection-security -
By akshansh090 · Posted
The foreign exchange market, also known as the FX market, is the largest and most liquid market in the world, with a daily trading volume of over $6 trillion. It is a global decentralized market where individuals, businesses, and institutions trade currencies. In the FX market, participants buy and sell currencies at agreed-upon exchange rates. The exchange rate represents the value of one currency in terms of another. For example, the EUR/USD exchange rate represents the number of US dollars needed to buy one euro. There are several key players in the FX market, including: - Banks and brokerages - Hedge funds and investment firms - Multinational corporations - Central banks - Individual traders The FX market operates 24/5, with trading sessions in Tokyo, London, and New York. Currency prices fluctuate based on supply and demand, economic indicators, political events, and market sentiment. There are several types of FX transactions, including: - Spot transactions (immediate settlement) - Forward transactions (future settlement) - Swaps (exchange of principal and interest) - Options (right to buy or sell) FX trading offers various benefits, including: - Facilitating international trade and investment - Enabling currency diversification - Providing hedging opportunities - Offering speculative trading opportunities However, FX trading also involves risks, including: - Market volatility - Leverage risks - Counterparty risks - Regulatory risks In conclusion, the FX market plays a vital role in facilitating global trade and investment. Understanding the complexities of the FX market is essential for businesses, investors, and individuals navigating the global economy." Let me know if you want me to make any changes! -
Thanks, @KoketsoIG. I'm only confused because when I wrote to the helpdesk on 6th June, they sent me a document called FX_TIERED_MARGIN_RETAIL which they said was a list of the new margin requirements that would come into effect on 11th June. It shows (Tier 1) EUR/TRY 5% and TRY/JPY 5% I think they must have sent the wrong document. Could you give me a link to the place on the website that has an up to date table of margin requirements? Best wishes, Cate
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