April 13, 2018 BY Valentina Kirilova

Kane Capital Investment Group charged with operating a ponzi scheme

The Commodity Futures Trading Commission (CFTC) announced that it has filed a civil enforcement action in the U.S. District Court for the Eastern District of Virginia against Defendants The Kane Capital Investment Group, LLC (Kane Capital), a commodity pool organized in Virginia, and its principal, Amrit Jaswant Singh Chahal (Chahal) of Fairfax, Virginia. The CFTC…

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April 13, 2018 BY Valentina Kirilova

Bitcoin ATM network Coinsource nears 200 machines, enters the D.C. market

Coinsource, the Bitcoin ATM network, has announced its first expansion into the Nation’s capital. Coinsource will install 20 machines across the District of Columbia and Maryland after receiving significant demand from Bitcoin users and local merchants. This installation caps off a successful first quarter for the company after launching 10 machines in Rhode Island, New…

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April 13, 2018 BY Valentina Kirilova

SEC pays whistleblower more than $2.1 million

The Securities and Exchange Commission (SEC) has announced a whistleblower award of more than $2.1 million to a former company insider whose information led to multiple successful enforcement actions. The whistleblower’s information strongly supported the findings in the underlying actions and the whistleblower provided ongoing assistance to the staff during the investigation. The SEC has…

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April 13, 2018 BY LeapRate Staff

Paysafe acquires SMB payments processor iPayment

Payments solutions provider Paysafe, parent company of Skrill and NETELLER, has announced that it has agreed to acquire iPayment Holdings, Inc., a U.S. based provider of payment and processing solutions for small and medium-sized businesses (SMB). The acquisition forms part of Paysafe’s previously stated investment strategy to expand its presence in North America in response to significant…

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April 13, 2018 BY LeapRate Staff

ESMA warns of imposter trying to steal personal data

Pan-Europe financial regulator The European Securities and Markets Authority (ESMA) has announced that it has been informed of an individual operating under the name “Edward Stewart”, using ESMA’s identity and logo. This individual is presenting himself as an employee of ESMA conducting investigations in order to steal personal data and convince the potential victims to transfer…

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April 12, 2018 BY Mariela Naydenova

This is the reason why Bitcoin is rising again

Bitcoin has definitely seen better days in the last couple of months. The cryptocurrency has recently been trading at around $7,500, while fluctuating up and down along the way. Today, however, the cryptocurrency jumped with almost 17%, now trading at around $8,000.   Source: Coinbase, 2018 Many are wondering why the currency jumped with such…

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April 12, 2018 BY Mariela Naydenova

Africa Master Coin on the Horizon

Africa is the poorest populated continent in the world as of 2018, and foreign direct investments have been of primary importance to the African population for many decades now. Because of the high level of corruption, especially in Northern Africa, the idea of a domestic cryptocurrency has long been in discussion. Now, according to media,…

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April 12, 2018 BY LeapRate Staff

Algointeractive Inc and owners Kevin Whylie and Matthew Zecchini charged with investment fraud

The U.S. Commodity Futures Trading Commission (CFTC) announced that it has filed a civil enforcement action in the U.S. District Court for the Southern District of New York against Defendants Kevin P. Whylie of Mamaroneck, New York; Matthew James Zecchini of East Islip, New York; and Algointeractive Inc, a New York corporation owned and controlled by Whylie and Zecchini.…

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April 12, 2018 BY Mariela Naydenova

The first Blockchain ETF is here

The very first blockchain ETF has been launched by First Trust Global Portfolios. According to press release, the First Trust Indxx Innovative Transaction and Process ETF is going to physically track what is called the Indxx Blockchain index. The Blockchain Index is currently investing in a variety of companies whose major investments come from the…

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