Coinbase appoints national security experts on global advisory council LeapRate

November 08, 2023 BY Elizabeth Anderson

Coinbase appoints national security experts on global advisory council

This move comes in the wake of acute regulator scrutiny of the cryptocurrency industry. Since the fall of FTX and the fraud trial of its founder, Sam Bankman-Fried, financial watchdogs worldwide brought cryptocurrency exchanges under the microscope. The new appointees bring a wealth of collective experience to this council. Espers was a US defence secretary,…

November 07, 2023 BY Elizabeth Anderson

LHV founder Rain Lõhmus’ gains and loses $474m from Ethereum wallet

The account, which was originally filled with ETH, purchased during Ethereum’s Initial Coin Offering in 2014, first registered at $75,000. Now sitting at $474m, Lõhmus’ lost wallet represents an investment that has grown approximately 6,300 times. However, without a key, Lõhmus unfortunately cannot retrieve this astronomical wealth. In today’s session, Ethereum sits at $1,906.80, ETH/USD.…

November 07, 2023 BY Elizabeth Anderson

WeWork enters Chapter 11 bankruptcy protection plea

The company indicated WeWork locations outside the United States and Canada will not be affected by this process. This startup, which was backed by the SoftBank Group (9984.T), experienced an ephemeral rise and fall as more and more leases curdled on the back of its initial success. Don’t miss out the latest news, subscribe to…

November 07, 2023 BY Elizabeth Anderson

Ebury announces plans to launch IPO in 2025

Santander (SAN.MC) owns the majority stake in Ebury. At a funding drive last year, it increased this control to 67%. Presently, Ebury, a UK-based firm, is valued at £900m. Ebury specialises in payments, cash management, and business-based trade finances. Lobato further said the company’s latest financial results, which will be published soon, reflect spiked growth.…

November 06, 2023 BY Elizabeth Anderson

US Dollar sees another slow after peak in July

The dollar index retreated by 0.2% to reach 104.85, its lowest point in over six weeks, following a substantial 1.4% drop last week. In contrast, the euro saw a 0.2% increase, reaching a 7.5-week high at $1.0756. Several factors contributed to the dollar's decline. These included the weakening US job market, softer manufacturing statistics, and…

November 06, 2023 BY Elizabeth Anderson

Vida Markets expanding with dual access to MT4 and MT5 trading tools

Experts note the mentioned platforms help customers to analyse and engage with different markets. It also boosts their ability to make changes when and where needed in the ever-changing trading landscape. On its website, Vida Markets indicates the new tools will help its customers trade across multiple assets on the world’s favourite MT4 and MT5…

November 06, 2023 BY Elizabeth Anderson

Crypto community relieved as the bell tolls for Sam Bankman-Fried

The once self-proclaimed crypto king saw his greed-fuelled empire crumble in November 2022. Once valued at $32bn, FTX was a leading cryptocurrency exchange. A 12-member jury found Bankman-Fried guilty on all charges. These included siphoning funds to the cryptocurrency-based hedge fund, Alameda Research, using customer funds for personal gains, and funding political campaigns in an…

November 03, 2023 BY Elizabeth Anderson

FP Markets announces newly designed Client Portal for user efficiency

The broker, established in 2005 as a multi-regulated brand with over 10,000 tradable instruments available to clients, noted that the redesigned interface aims to improve user experience, thus providing investors with greater control when trading and watching forex pairs. Don’t miss out the latest news, subscribe to LeapRate’s newsletter The Client Portal's interface has undergone…

November 03, 2023 BY Elizabeth Anderson

Sanctions issued by US Department targeting Russia’s supply chain

Between 6 October and 7 November, the ministry had planned to purchase foreign currency to combat lower oil and gas earnings, worth approximately 398.7bn roubles; however, the ministry’s new decision seems that the postponement may continue throughout the early months of 2024. On Thursday, the rouble registered as 93:1 USD following sanctions made by the…

November 03, 2023 BY Elizabeth Anderson

Revolut appoints Francesca Carlesi as its new UK CEO

Carlesi brings 15 years of experience to the table, having previously held senior positions at Deutsche Bank, Barclays, McKinsey & Co., and Bridgepoint Capital. Revolut indicated to CBNC Tech that the appointment has nothing to do with its application for a UK banking licence. This licence will enable Revolut to offer lending products, such as…