In China, one can use a vending machine to buy a car with the same amount of effort it takes to purchase a coke and now caffeine deprived workers in need of a hot drink can order a coffee using cryptocurrency. This convince is made possible by a new partnership between iVend and GoByte and…
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Commodities and Forex broker INTL FCStone Inc. (NASDAQ:INTL) has announced that its Chicago-based subsidiary, INTL FCStone Markets, LLC (the Company), has expanded its OTC interest rates swap dealing capabilities to include cap and floor options on the London Interbank Offered Rate (LIBOR) with tenors out to 10 years. The launch of these new products expands and…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm LDC Crypto. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics to…
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LXDX, a firm providing high-performance exchange technology and services, has announced that it is launching a public digital currency exchange that brings the institutional tools of high finance to all investors. The company is led by CEO Joshua Greenwald, former SpaceX automation and propulsion engineer and founder of high-frequency trading firm Greenlight Trading. Lack of…
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Retail FX brokerage company TigerWit Group has announced that it has launched its blockchain-based trading app and announced a partnership with Liverpool FC. As the ‘Official Foreign Exchange Trading Partner of Liverpool FC’ the sponsorship agreement provides TigerWit with a high-profile opportunity to increase its brand recognition. This visibility should drive downloads of its new trading…
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Australian regulator ASIC has announced that the unlicensed financial adviser, Mr Senen Pousa, has been permanently banned from providing financial services or engaging in credit activity. Mr Pousa, the former director of Investment Intelligence Corporation Pty Ltd (IIC) was banned after engaging in unlicensed financial advice. Through IIC, Mr Pousa had advised clients to invest…
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Forex industry news at LeapRate this week centered on a number of changes in ownership (and board seats) at some of the best-known names in the Retail FX sector. Who took over control of Saxo Bank? (And at what valuation?) Who sold control of Pepperstone? (And to whom?) Who is replacing Playtech and the company's…
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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 InstaFX24. InstaFX24 is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which require authorisation:…
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The payment provider Klarna Bank AB (Klarna) has just announced that it is acquiring Close Brothers Retail Finance (CBRF) from UK merchant banking group Close Brothers Group plc (Close Brothers). Michael Rouse, Chief Commercial Officer of Klarna: We are delighted to welcome CBRF to Klarna, the complementary talents and propositions will help accelerate Klarna’s leadership…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm UK Insurance. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics to…
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