asic bans
February 22, 2018 BY Valentina Kirilova

ASIC bans former Charter Financial Planning adviser

ASIC announced that it has permanently banned Brenton John Poynter of Baulkham Hills, NSW, from providing financial services. Mr Poynter was an authorised representative of Charter Financial Planning Ltd (Charter) from June 2010 to June 2016 and provided financial advice regarding superannuation products to a number of elderly clients. ASIC found that from January 2015…

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February 21, 2018 BY Mariela Naydenova

How a glitch can cost $20 billion worth of Bitcoin

Bitcoin’s rocky start of 2018 was not easy for investors, especially those who held their bullish expectations from December, 2017, when the “people’s currency” circulated around international exchanges for as much as $20,000 per coin. Now, as the crypto “bloodbath” seems to be tamed to some extent, although $550 billion were wiped out with the…

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February 21, 2018 BY Mariela Naydenova

Tesla - the latest victim of cryptocurrency mining

After Starbucks’s coffee shop became a victim of cryptojacking, or cryptocurrency mining without the consent of users, now, one of the biggest technology and car companies in the world, Tesla has also come under cryptojacking.  Usually, hackers mine for Monero and Bitcoin. What is more, when cryptojacking occurs, the computing power used significantly reduces the…

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greenlight card website
February 21, 2018 BY LeapRate Staff

Ally looks for youth with strategic investment in cards-for-teens provider Greenlight Financial

Ally Ventures, the strategic investment arm of online brokerage and banking company Ally Financial Inc (NYSE:ALLY), has announced that it has made an investment in Greenlight Financial Technology, Inc., creator of smart debit cards for kids, teens, and college students. The company stated that the investment supports Ally Ventures' goal of promoting innovation through key alliances…

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IOSCO issues statement on liquidity risk management recommendations for investment funds
February 21, 2018 BY Valentina Kirilova

IOSCO consults on guidance to address conflicts of interest in the equity capital raising process

The Board of the International Organization of Securities Commissions (IOSCO) has proposed a guidance to help its members address conflicts of interest and associated misconduct risks that may arise during the equity capital raising process. Conflicts of interest and associated conduct risks stemming from the role of intermediaries can threaten the integrity and efficiency of…

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February 21, 2018 BY Valentina Kirilova

Samsung Pay now available for Commonwealth Bank customers

Commonwealth Bank just announced that its customers will now have access to Samsung’s contactless payments platform, Samsung Pay. CBA’s MasterCard card holders can now load their credit and debit card details and make secure payments via compatible Samsung Galaxy, wearables and other compatible devices. Michael Baumann, General Manager Everyday Banking & Payments, Commonwealth Bank said…

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