Regulation
September 20, 2018 BY Valentina Kirilova

Financial firms must join AFCA now

Australian regulator ASIC has warned all Australian financial services licensees, Australian credit licensees, authorised credit representatives and superannuation trustees that they must join the Australian Financial Complaints Authority (AFCA) now if they have not already done so. The Minister for Financial Services set a membership deadline for joining AFCA of 21 September 2018. This can…

Read more
Distilled Analytics and Shyft Network partner to combat global identity theft
September 20, 2018 BY Valentina Kirilova

Distilled Analytics and Shyft Network partner to combat global identity theft

David Shrier of Distilled Analytics and Joseph Weinberg of Shyft Network have announced a multi-year partnership to deliver next generation biometric identity solutions leveraging blockchain technology, artificial intelligence, and advanced analytics to combat the expanding global issue of identity verification, theft, and fraud. A predictive identity solution from Distilled Analytics, in partnership with Shyft Network’s…

Read more
Woodbridge Group of Companies LLC and former owner Robert H. Shapiro fined $1 billion
September 20, 2018 BY Valentina Kirilova

SEC shuts down $345 million ponzi scheme

The Securities and Exchange Commission (SEC) has announced it has obtained a court order halting an ongoing Ponzi-like scheme that raised more than $345 million from over 230 investors across the U.S. The SEC also obtained an emergency asset freeze and the appointment of a receiver. A SEC complaint unsealed yesterday alleges that Kevin B.…

Read more
latin america fx
September 20, 2018 BY LeapRate Staff

FX affiliate Investoo expands to Latin America acquiring EFXTO.com

After recently setting foot in the US trading market after acquiring VantagePointTrading.com, fast-growing FX and cryptocurrency affiliate company Investoo Group has continued its acquisition spree across the ocean from its European home base by buying EFXTO.com. EFXTO.com is the first Spanish-speaking forex product for the company. The company said that the acquisition will grow its already extensive…

Read more
fma warning
September 20, 2018 BY Valentina Kirilova

ASIC stops misleading ICOs and crypto-asset funds targeted at retail investors

Australian regulator ASIC has announced that it has taken action to stop several proposed initial coin offerings or token-generation events (together, ICOs), targeting retail investors. ASIC has recently stopped the issue of a Product Disclosure Statement for a crypto-asset managed investment scheme. Consistent problems identified by ASIC are: the use of misleading or deceptive statements…

Read more
September 19, 2018 BY Mariela Naydenova

Cryptocurrency risks in Dubai

Dubai is one of the most advanced countries in the world. The cryptocurrency sector is no exception. Dubai is one the countries that is cryptocurrency "friendly" and is embracing the technology of blockchain. However, the risks associated with altcoins are rising. The police in Dubai warned the community that users and investors can expect fraud,…

Read more
September 19, 2018 BY Mariela Naydenova

55% of all Bitcoins are stored in million-dollar wallets

Bitcoin “whales” are not a joke, as it seems. The price of Bitcoin is fluctuating constantly with huge ups and downs along the way. Just like year, in December 2017, Bitcoin was trading for anywhere from $13,000 to almost $20,000 per coin. Analysts and reports show that there are solid reasons behind the rise and…

Read more