Swarm, the blockchain for private equity, has announced that pre-funding of the Robinhood Equity Token (RHET) is now live on the Swarm platform. Starting today, accredited investors can reserve their stake in a fund created for the purpose of holding equity in Robinhood. The first security token of its kind, once the minimum funding goal…
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Following its recent US acquisition of iPayment Holdings, Inc., payments solutions provider Paysafe (LON:PAYS), parent company of Skrill and NETELLER, has announced it plans to sunset the iPayment brand and replace it with its own recently re-launched brand identity and ‘Plug into Paysafe’ proposition. The over-hauled Paysafe brand strategy, which was revealed in May, and is…
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The Securities and Exchange Commission (SEC) has announced that Ameriprise Financial Services Inc. will pay $4.5 million to settle charges that it failed to safeguard retail investor assets from theft by its representatives. According to the SEC’s order, five Ameriprise representatives committed numerous fraudulent acts, including forging client documents, and stole more than $1 million…
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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 Schroeder Law Firm. Schroeder Law Firm is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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The world's largest telecommunications companies in the world, AT&T, is getting a lawsuit for $224 million-suit form a Bitcoin investor, according to whom, he lost a considerable amount of money due to AT&T's negligence. Michael Terpin is now suing AT&T for $24 million, because, in his, opinion, the mobile provider has "allowed" a hacker to…
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Bitt Inc. is a fintech company based in the Caribbean Islands, in Barbados, that uses blockchain to aid P2P payments via mobile applications. The company has recently signed a Memorandum of Understanding with the Central Bank in the Caribbean Islands or CBCS (Central Bank of Curacao and Sint Maarten) for the development of a government-owned…
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The cryptocurrency market has crushed big time, Bitcoin is falling down to $6,300 and its market capitalization is currently not more than $105 billion. This seems like a huge drop and hit to the whole digital coin market, as other cryptocurrencies are falling fast along the "people's currency". However, two of the biggest banks in…
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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 E-Prospects Media JLT t/a Best Loans Direct. E-Prospects Media JLT is not authorised by the FCA but has been targeting people in the UK and is…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Capital Finance Group Limited. 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…
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Chicago-based R.J. O’Brien & Associates (RJO), the independent futures brokerage and clearing firm, has announced that Stephen A. Brodsky – long-time exchange, trading and capital markets executive – has just joined the firm as Chief Strategy Officer. Brodsky, also Senior Managing Director, reports to Chairman and CEO Gerald Corcoran in the newly created role. Brodsky…
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