acquisition
October 19, 2018 BY Valentina Kirilova

MUFG Union Bank to acquire Intrepid Investment Bankers

MUFG Union Bank, N.A. has announced it has signed a definitive agreement to acquire Intrepid Investment Bankers, a Los Angeles-based regional middle market investment banking firm. Following the close of the transaction, which is subject to regulatory approval and other customary closing conditions, Intrepid Investment Bankers will operate under its current name as a subsidiary…

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Formosa Financial integrates with BitGo
October 19, 2018 BY Valentina Kirilova

Formosa Financial integrates with BitGo

More BitGo news today, as Formosa Financial, the one-stop financial services platform for managing digital assets, has announced a collaboration with BitGo to integrate BitGo's custodial services into the Formosa Financial suite of digital asset management tools. Having successfully reached their hard-cap via private round funding this May, Formosa Financial is aiming to solve many…

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Bitcoin scam
October 18, 2018 BY LeapRate Staff

Bitcoin Ponzi scheme results in $2.5M fine to Gelfman Blueprint and CEO Nicholas Gelfman

The CFTC has announced that a New York federal court has ordered New York corporation Gelfman Blueprint, Inc. (GBI) and its Chief Executive Officer Nicholas Gelfman of Brooklyn, New York, to pay in total over $2.5 million in civil monetary penalties and restitution in what was the first anti-fraud enforcement action involving Bitcoin filed by the CFTC. James McDonald,…

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SEC charges
October 18, 2018 BY Mariela Naydenova

The SEC with a new fintech office

After the SEC rejected a few Bitcoin ETFs and has been "wandering" around and chasing cryptocurrency companies, the regulatory body has decided to open a special office to deal with all crypto-related projects. The so-called Strategic Hub for Innovation and Financial Technology (FinHub) will be a connecting point between the SEC and the cryptocurrency industry, making…

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FlexTrade adds Paul Beatty to team
October 18, 2018 BY Valentina Kirilova

Stephen Hammond MP joins regulated crypto exchange IronX

Stephen Hammond, MP, and Member of the UK Treasury Select Committee joins regulated Crypto Exchange IronX to advise on Government Relations, the exchange just announced. The joint venture between IronFX, an online trading and EmurgoHK company, developers of Cardano (ADA), the ninth-largest crypto Coin by market cap, aims to bring crypto trading to the mass…

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STOXX Low Carbon products licensed to Italian bank IMI
October 18, 2018 BY Valentina Kirilova

STOXX Global Fintech Index licensed to Sumitomo Mitsui Asset Management

STOXX Ltd., the operator of Deutsche Boerse Group’s index business and a global provider of innovative and tradable index concepts, has licensed the STOXX Global Fintech Index to Sumitomo Mitsui Asset Management as an underlying for an investment fund. The index is comprised of companies associated with financial technology (fintech). These businesses use technology to…

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Microsoft announces expansion of blockchain offering on Azure Cloud
October 18, 2018 BY Valentina Kirilova

Appsbroker launches Google Cloud market data platform

Appsbroker, one of Google's European Premier Cloud Partners, has just announced the launch of Appsbroker Cloud Data, the first native Google Cloud market data platform. Appsbroker Cloud Data delivers buy-side and sell-side firms flexibility in accessing market data at a lower cost compared to existing offerings, removing the dependencies on legacy market data infrastructure and…

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sec charges
October 18, 2018 BY Valentina Kirilova

SEC charges investment adviser with fraud

The Securities and Exchange Commission (SEC) has announced charges against an investment adviser with a history of violating the securities laws for defrauding his close friends and community members. According to the SEC’s complaint filed Tuesday, from at least 2014 through at least 2017, Bruce J. Fixelle solicited investments from close friends he met through…

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