GECKO Governance, which recently launched its new ICO compliance solution, GECKO Crypto1, has just announced that Trevor Koverko, Founder and CEO of Polymath, the security token launch pad, has joined its advisory board. I’m very excited to be coming on board as an advisor to GECKO Governance, which has launched the Crypto1 solution for the…
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UK financial regulator The FCA has issued a statement targeted to brokers, regarding the selling of high-risk speculative investments to retail clients following ESMA’s action on CFD products. In June 2018, the European Securities and Markets Authority (ESMA) finalised temporary measures to restrict the sale, marketing and distribution of contracts for difference (CFDs) to retail…
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Al Hilal Bank has just announced a new partnership with the Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, aimed at promoting Islamic Finance in Abu Dhabi and across the UAE. The Memorandum of Understanding (MoU) was signed by Alex Coelho, Chief Executive Officer at Al Hilal Bank, and Richard Teng,…
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Credit Financier Invest (DIFC) Limited, or CFI Dubai, part of the CFI Financial Group has announced the launching of its new enhanced liquidity dedicated for Institutional Clients, dubbed as CFI’s ULTIMATE LIQUIDITY STREAM. The company stated that CFI’s ULTIMATE LIQUIDITY STREAM is the ultimate top of book pricing layer designed to cater for institutional clients’ needs. Among…
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Continuing a string of somewhat slow set of trading volumes being reported for the month of July by leading institutional FX platforms, Forex ECN FastMatch has reported that July 2018 FX trading volumes were down 10% from June, with average daily trading volumes coming in at $20.0 billion. However, despite the seasonal slowdown, that is not…
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The hot summer months seem to have brought a seasonal cooling in FX trading volumes. Leading off our monthly coverage of activity at leading Retail and Institutional FX platforms, data from institutional Forex ECN Cboe FX Markets – formerly known as Hotspot FX – indicates that the company saw a 12% decline in average daily volumes from…
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The central question nowadays, except for the regulation issues, is whether cryptocurrencies are the answer to the economic problems so many countries are facing. In the summer of 2017, for example, when Bitcoin was trading for around $9,000 on major international exchanges, certain developing countries saw its price rising to almost $14,000. Now, the latest…
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Binance is one of the largest cryptocurrency exchanges in the world. It just completed its first ever acquisition. Binance bought out the mobile wallet firm Trust Wallet. The company is a mobile app that is essentially an Ethereum wallet that supports Ethereum, ERC20, ERC223 and ERC721. As of now, Binance has not disclosed the amount…
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Divisa UK Limited, trading as Divisa Capital and which also operates the Equiti.com retail FX brand in the UK and EU, has announced that it has been issued a full-scope IFPRU €730k license by the UK’s Financial Conduct Authority (FCA). Divisa's original license from the FCA was for a Limited License - matched principal broker. Commenting…
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The U.S. Commodity Futures Trading Commission (CFTC) has announced that it has filed a civil enforcement action in the U.S. District Court for the District of Utah against JAFX Ltd. of Sofia, Bulgaria and Kingstown, St. Vincent and the Grenadines. The CFTC Complaint alleges that, from at least September 2016 and continuing to the present, JAFX operates as a…
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