Information received since the Federal Open Market Committee met in May indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate. Job gains have been strong, on average, in recent months, and the unemployment rate has declined. Recent data suggest that growth of household spending…
Read moreForex and CFD technology solutions provider Spotware Systems has announced it has released cTrader Mobile Beta version 2.8. The new mobile version of the company's popular trading platform has some additional features providing traders with more visibility of their trading sessions and improving overall performance and usability. The cTrader Mobile 2.8 version upgrade includes: Positions,…
Read moreUK 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 Clingstone Bank Plc. Clingstone Bank Plc is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
Read moreCologne, Germany based fintech start-up nextmarkets GmbH has announced the closing of its Series A financing round, in which British hedge fund manager Alan Howard, Axel Springer Media for Equity GmbH, and Crypto Asset specialist Cryptology Asset Group PLC are investing €6 million euros into the company. The new investors listed above are investing alongside existing shareholders FinLab,…
Read moreASX has just announced that its Chief Financial Officer, Mr Ramy Aziz, will retire in September 2018, after 18 years of service with the Group, including eight years as CFO. ASX Managing Director and CEO, Dominic Stevens, commented: Ramy has made a very significant contribution to ASX over many years and has been an important…
Read moreFormer financial adviser, Gabriel Nakhl, was convicted in the District Court of New South Wales on 8 June 2018 on 8 charges brought by ASIC of engaging in dishonest conduct with investor funds, the Australian regulator announced earlier today. Mr Nakhl, of Illawong, NSW pleaded guilty to being knowingly engaged in dishonest conduct in relation…
Read moreProbably the largest Ponzi scheme in the modern world was "designed" by Bernie Madoff who scammed corporate America with around $70 billion back in 2008. Now, as cryptocurrencies garnish share in the world's economy, it is not surprising to learn that there are also cryptocurrency Ponzi schemes. One such is called OneCoin. OneCoin is a…
Read moreBitcoin is often hailed as the "people's currency", because of its decentralization and blockchain technology. Bitcoin is now entering people's everyday lives, it seems, as the first bitcoin-powered coffee machine is now available. The creator of the innovative technology is Ricardo Reis, an entrepreneur from Brazil. The idea behind the Bitcoin-coffee machine is to show…
Read moreForex Industry News was highlighted this week by a number of senior FX executive moves, all of which were reported exclusively or first at LeapRate. Who is the new CEO at GKFX? Where did former NetDania CEO Jonas Nielsen move to? Which institutional FX B2B firm did AMB Prime executive Paul Orford join? Who is…
Read moreThere is now a blockchain-based religion called 0xO, which stands for Zero Ex Omega. The idea is a new one and is being developed by the former CEO of Augur, the decentralized oracle and prediction platform based on the Ethereum network. Blockchain is everywhere. The number of industries that now use blockchain for business and…
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