Shares of leading publicly traded Retail FX and CFD brokers traded down on Wednesday and early Thursday, in concert with the global stock market selloff taking place over the last 24 hours. Led by a dive in US shares on Wednesday which saw the Dow Jones and S&P indices off by more than 3%, and…
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Earthport (LON:EPO), the global payments specialist, has informed that it has been appointed by BNP Paribas to provide Automated Clearing House (ACH) cross-border payment services. BNP Paribas Fortis, a subsidiary of BNP Paribas, and Belgium's largest bank with annual revenues of €43bn will be the first to deploy these services. By partnering with Earthport, BNP Paribas…
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The ASEAN Capital Markets Forum (ACMF) met in Singapore and launched two key initiatives to drive a more connected and sustainable ASEAN capital market. These initiatives complement the measures introduced by the ACMF on collective investment schemes, corporate governance, disclosure standards and capacity building. The ACMF launched a framework to facilitate cross-border movement of investment…
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ASIC regulated Retail FX and CFDs broker FP Markets has announced that it has just added the multi-asset platform MetaTrader 5 to its offering of existing trading solutions. FP Markets is a forex broker with over 13 years of experience in the industry. The new platform enables the company to offer more tools for comprehensive…
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CoolBitX, maker of the first mobile hardware wallet, has just announced its partnership with Changelly, the popular cryptocurrency exchange providing crypto users the ability to instantly and seamlessly exchange all CoolWallet S supported currencies at the best market rate. CoolBitX and Changelly teams up to relieve key industry pain points on the road to mass…
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UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company DTX Markets. DTX Markets is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
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According to CipherTrace, hackers have already stolen $927 million in cryptocurrencies for the first three quarters of 2018. The other staggering statistic is that of all payments made between criminal groups, 97% used unregulated crypto exchanges. There are two major mishaps that contributed to the large amount of stolen cryptocurrencies. The first one was the…
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Initial coin offerings are no longer the "hot" topic in the cryptocurrency world. It seems there is a new winner - cryptocurrency hedge funds. According to PRWeb, around 90 cryptocurrency hedge funds were started in the first three quarters of 2018. The total number is expected to go to 120. It is interesting to notice…
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Moscow Exchange (MOEX) and Kazakhstan Stock Exchange (KASE) have just announced that they have signed a strategic partnership agreement. The two exchanges have signed a letter of intent (LoI) on strategic cooperation earlier this year. Chairman of National Bank of Kazakhstan Daniyar Akishev, Moscow Exchange CEO Alexander Afanasiev and Kazakhstan Stock Exchange CEO Alina Aldambergen took…
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The Financial Stability Board (FSB) has just published Crypto-asset markets: Potential channels for future financial stability implications report. This report sets out the analysis behind the FSB’s proactive assessment of the potential implications of crypto-assets for financial stability. The reports follows up on the initial assessment set out in the FSB Chair’s March 2018 letter to…
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