After hitting several all-time highs in December and January, Ripple has now plunged with 50%, which has essentially put a stop to the token's rally. But what could be the reasons for such a quick drop, especially when Ripple currently enjoys "Asian appetites" and is considered "on fire"? According to CoinMarketCap, the surging price of…
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First ETF with access to Bulgarian stock market launched on Xetra More news from the Bulgarian market today, as the first exchange traded fund (ETF) issued by Expat Asset Management has been tradable on Xetra and Börse Frankfurt since Wednesday. The Expat Bulgaria SOFIX UCITS ETF tracks the performance of the Bulgarian SOFIX Index, giving investors…
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BNP Paribas Asset Management announced that it has successfully completed a full end-to-end fund transaction test late last year, using blockchain technology. The test has been conducted leveraging on BNP Paribas Securities Services’ blockchain programme, Fund Link and FundsDLT, a blockchain-based decentralized platform for fund transaction processing, which has been developed through collaboration between Fundsquare…
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Nasdaq Dubai informed that it will launch single stock futures on GFH Financial Group (GFH) starting 16th January 2018, to enable investors to take positions on movements in the share price of the Bahrain-based company. GFH is the first non-UAE company on which the exchange is offering futures. GFH has a secondary listing on Dubai…
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FX brokerage group Gain Capital Holdings Inc (NYSE:GCAP) has just reported its operating metrics for the month of December 2017, and the results for the final month of 2017 don't look so good - retail volumes are at their lowest level since 2013. However December is often a bad measure of overall activity, since it…
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The European Securities and Markets Authority (ESMA) announced that it has decided to delay the publication of the data on the double volume cap (DVC) mechanism for January 2018. The current quality and completeness of the data does not allow for a sufficiently meaningful and comprehensive publication of double volume cap calculations, as required under…
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The World Federation of Exchanges (WFE), which represents more than 200 market infrastructure providers including exchanges and CCPs, today published a position paper summarising the WFE’s current views on FinTech and the regulatory environment surrounding it. The purpose of the paper - entitled FinTech in the Market Infrastructure Space - is to support ongoing compliance…
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UK online trading leader IG Group Holdings plc (LON:IGG) noted that the Financial Conduct Authority (FCA) have today issued a letter to all providers and distributors of contracts for difference (CFD) products. IG informed that it welcomes the FCA's review on the provision and distribution of CFD products to clients on an advisory or discretionary…
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BuyRipple.com have just released a new infographic, revealing 36,000% growth of ripple. The payment network and the payment protocol behind it announced several banking partnerships in 2017, helping to push the price to a high of $3.84. The company is set to revolutionise payment systems across the financial sector. Ripple has overcome brand changes and…
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Bancor partners with Sirin Labs to accelerate blockchain adoption through first holistic mobile experience on FINNEY phones Bancor, the standard for Smart Tokens which are autonomously convertible, just announced that it is partnering with Sirin Labs, the creator of FINNEY blockchain smartphone, in order to bring the first complete blockchain mobile experience to the market.…
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