Manchester City Forex Miners And The Global Market: Strategic Insights

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Manchester City Forex Miners And The Global Market: Strategic Insights – SYDNEY, March 29, 2023 /CNW/ — AXI, the leading global forex, commodities, indices, shares, precious metals and CFDs broker, has announced the extension of its flagship partnership with Manchester City Football Club.

Axie has been the official online trading partner of the leading English football club since 2020, during which the topflight men’s team has achieved great success on the field, winning back-to-back Premier League titles during 2020/21 and 2021/22. season, as well as the League and League Cup double in 2020/21.

Manchester City Forex Miners And The Global Market: Strategic Insights

Manchester City Forex Miners And The Global Market: Strategic Insights

Hannah Hill, head of brand and sponsorship at Axie, says: “Over our three-year partnership, we have developed a great relationship with City Football Group. We have established that our businesses share a highly ambitious vision and unwavering dedication to success. We do.” So we had no hesitation in taking our partnership forward and seeing where we can take the relationship next. One of the defining features of the partnership has been the alignment of our brands when it comes to ‘finding the edge’; The city is focused on gaining a competitive edge on the field as well as adopting innovation on and off the field; “Similarly, Axi remains committed to giving our traders a market edge while remaining committed to breaking new ground with innovative products and services, one of which is copy trading.”

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“From a commercial perspective this relationship has been extremely successful. Our global engagement with Manchester City’s brand and global fan base has elevated our position in the market,” says Lewis Cooper, Axie’s chief commercial officer.

As well as the continued sponsorship of the men’s football club, the renewed deal will be extended with Axie also sponsoring Manchester City Women’s Football Club.

“The global popularity of women’s football has skyrocketed in recent years, as has women’s participation in financial markets,” Cooper said.

“This new aspect of the partnership gives us the opportunity to help support the women’s side of the game and helps Axi connect even more with female traders and investors, who are a valuable segment of our growth ambition globally. Women continue to take greater control of their financial investments and it is important for Axi to be trustworthy as a brand to female investors around the world.

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Tom Boyle, Vice President of Global Partnership Marketing and Operations at City Football Group, said: “We are delighted to announce today the renewal of our partnership with Axie. The partnership to date builds on our shared values ​​of high performance, ambition and innovation. Together, we have worked successfully together to achieve great results and impact at a really exciting time for Axi.

“We are also delighted that Axie has extended our agreement to become the partner of Manchester City Women. The commercial appeal of our women’s team and the women’s game in general continues to grow and it is fantastic that Axie has Recognize this and will join us on this journey.”

Axi is a global online FX and CFD trading company trusted by thousands of ambitious clients in over 100 countries around the world. We help all types of traders, trading businesses, banks and financial organizations gain the edge they need to achieve their financial goals through informed transactions made in the world’s financial markets. Axi offers a wide range of assets including CFDs for multiple asset classes including shares, forex, gold, silver, coffee, indices and other commodities.

Manchester City Forex Miners And The Global Market: Strategic Insights

At Axi, we are proud of our reputation as an honest, fair and reliable broker. Our numerous awards and ‘great’ Trustpilot reviews prove that we have earned the trust of customers who value our excellent service, fast execution, secure payments, multiple funds and easy withdrawals. In addition, we also actively work with leading regulatory governing authorities globally to ensure that we exceed the highest standards in the industry.

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CFDs are complex instruments and there is a high risk of losing money rapidly due to leverage. 82.7% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford the high risk of losing your money. A representation of the cryptocurrency is seen in front of the FTX logo and declining stock graph displayed in this illustration taken on November 10, 2022. /Dado Ruvik/Illustration/File Get Photo Licensing Rights

New York, Nov 11 (Reuters) – At least $1 billion in customer funds has gone missing from collapsed crypto exchange FTX, according to two people familiar with the matter.

The people reported that exchange founder Sam Bankman-Fried secretly moved $10 billion in customer funds from FTX to Alameda Research, Bankman-Fried’s trading firm.

A large portion of that total has gone missing, he said. One source put the missing amount at approximately $1.7 billion. Others said the difference was between $1 billion and $2 billion.

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While it is known that FTX moved client funds to Alameda, the missing funds are reported here for the first time.

The financial impropriety was revealed in records that Bankman-Fried shared with other senior executives last Sunday, according to two sources. The records, he said, provide the latest details of the situation at that time. Both sources held senior FTX positions until this week and said they were briefed on the company’s finances by top employees.

Bahamas-based FTX filed for bankruptcy on Friday after massive client withdrawals earlier this week. A rescue deal with rival exchange Binance failed, leading to crypto’s highest-profile collapse in recent years.

Manchester City Forex Miners And The Global Market: Strategic Insights

“We didn’t transfer secretly,” he said. “We confused the internal labeling and misread it,” he said without elaborating.

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In a tweet on Friday, Bankman-Fried said he was “putting together” what happened at FTX. “I was shocked at the way things unfolded earlier this week,” he wrote. “I’ll be writing a more complete play by play post soon.”

At the core of FTX’s problems was the loss of Almeida which most FTX executives were not aware of, as previously reported.

Changpeng Zhao, CEO of giant crypto exchange Binance, said Binance will sell its entire stake in FTX’s digital token, worth at least $580 million, “due to recent revelations” that there was an increase in customer withdrawals last Sunday. Four days ago, news outlet CoinDesk reported that the majority of Almeida’s $14.6 billion wealth was held in the token.

That Sunday, Bankman-Fried held a meeting with several officials in Nassau, the capital of the Bahamas, to calculate how much external funding she would need to meet the FTX shortfall, having access to information on FTX’s finances. The two people said.

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Both people said Bankman-Fried showed the heads of the company’s regulatory and legal teams several spreadsheets that showed FTX had transferred about $10 billion in client funds from FTX to Alameda. The spreadsheet, he said, showed how much money FTX loaned Almeida and what it was used for.

The sources said the documents showed that between $1 billion and $2 billion of this money was not included in Alameda’s assets. The spreadsheet did not say where the money was taken, and the sources said they did not know what happened to it.

In a subsequent investigation, the FTX legal and finance teams also learned that Bankman-Fried had implemented the “backdoor” described by the two people into FTX’s ledger system, which was built using bespoke software.

Manchester City Forex Miners And The Global Market: Strategic Insights

They said the “backdoor” allowed Bankman-Fried to execute orders that could have changed the company’s financial records without alerting others, including external auditors. This set-up, he said, meant that the $10 billion movement of funds to Alameda did not raise internal compliance or accounting red flags at FTX.

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A source with knowledge of the investigation said on Wednesday that the US Securities and Exchange Commission is investigating FTX.com’s client funds management as well as its crypto-lending activities. The Justice Department and the Commodity Futures Trading Commission are also investigating, the source said.

The bankruptcy of FTX marked a surprising reversal for Bankman-Fried. The 30-year-old founded FTX in 2019 and built it into one of the largest crypto exchanges, amassing an estimated personal wealth of around $17 billion. FTX was valued at $32 billion in January, with investors including SoftBank and BlackRock.

The crisis has caused a stir in the crypto world, with major coins plummeting in price. And the collapse of FTX is being compared to major trading meltdowns of the past.

On Friday, FTX said it had transferred control of the company to John J. Ray III, the restructuring expert who handled the liquidation of Enron Corp. – one of the largest bankruptcies in history.

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Award-winning investigative reporter based in London, focusing on financial enterprise journalism. He was previously a correspondent in Spain and Venezuela, where he reported on the Maduro government’s efforts to maintain power. He was ‘Reporter of the Year’ in 2019 and has won two Overseas Press Club awards. 9, 2019. /Dado Ruvik/Illustration/File Photo Get Licensing Rights

HONG KONG, May 21 (Reuters) – China will ban bitcoin mining and trading activities as part of efforts to address financial risks, the Financial Stability and Development Committee of the State Council said on Friday.

Illegal activities will also be tightened in the country

Manchester City Forex Miners And The Global Market: Strategic Insights

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