Following a very strong month of August in which it reported record FX trading volumes of $343 billion, ASIC licensed IC Markets has indicated that it followed that up with $339 billion in September. Due to there being less trading days in September, IC Markets actually did set a monthly best in average daily volumes,…
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The U.S. Securities and Exchange Commission today charged two individuals with defrauding investors in penny stock companies that claimed to have valuable patents. One of those charged had been barred from the penny stock business based on his role in another securities scheme and neither he nor his companies had ever been issued any patents…
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After the price fall of Bitcoin and other cryptocurrencies recently, and after the comment from Jamie Dimon, the CEO of JP Morgan Chase that bitcoin may be a "fraud" and that he will "fire anyone at the company who trades it", the CEO of Goldman Sachs may be feeling different about what bitcoin is and…
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Business Insider reported that Oracle introduced its Blockchain Cloud Service on October 2nd, as the company is making steps to outcompete giants like Microsoft and IBM. Obviously, the new cloud service will be used for sharing data in a more secure way. While the service will be made available to users later this year, Oracle was…
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Unlike other countries that may believe the technology behind Bitcoin, Blockchain, is a "fraud" and may trigger financial crisis in the future, Ukraine is turning to blockchain to manage its farmland registry. Bloomberg reported that Ukraine believes that the system they are using now for managing the land ownership may be subject to fraud and…
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Crypto Valley Association (CVA), the Swiss-based not-for-profit association supporting the development of blockchain and cryptographic related technologies and businesses, today distributed a paper on behalf of MME and Blockhaus, proposing a new method for token classification. Both MME, the leading Swiss consultancy firm for law, tax and compliance in Blockchain applications and Blockhaus, a developer of decentralized investment banking platform…
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The European Securities and Markets Authority (ESMA) has added 12 new Q&As to its Questions and Answers (Q&A) document on the implementation of investor protection topics under the Market in Financial Instruments Directive and Regulation (MiFID II/ MiFIR). The new Q&As cover the topics of client categorisation, post-sale reporting, recording of telephone conversations and electronic…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that AJF Financial Services Ltd, a Cyprus based investment group which operates a number of Retail FX, CFD, and Binary Options trading websites, has renounced its CySEC CIF license and will no longer regulated on the island. AJF first received its CySEC CIF license (number 295/16) in February…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Yinforex Capital Ltd. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics…
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At the end of last year we reported on the launch of Football INDEX, the first ‘tradeable market’ in football players developed by a group of entrepreneurs led by CEO Adam Cole alongside MT4 integration specialist Gold-i. Well the dream is now a reality, as Football INDEX is operational with clients 'trading' on the value of…
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