It is a rare occurrence that the Bank of Russia publishes a press release on Sunday. But yesterday it did and the press release concerned financial market innovation and blockchain, in particular. The “Megaregulator” press release was published just a couple of days after it became clear that a bill penalizing Bitcoin use is drafted by…
Read moreCity Index, a trading name of GAIN Capital UK Limited, has become the latest Forex broker to redesign its website. The new website is less heavy in terms of text, in line with a growing trend of Forex companies betting on graphical content to get the attention of existing and potential clients. At the same…
Read moreBitcoin exchange Kraken has registered more than a twofold rise in the number of new accounts since the announcement of the acquisition of Coinsetter and Cavirtex and the expansion of the company into 37 US states. The company notes that this steep increase does not include the number of migrated accounts, as a result of the…
Read moreIt was a very busy week for Forex Industry companies, and much of what happened was covered exclusively on LeapRate. Some of the most viewed, shared and commented-on stories we posted over the past seven days include: Markets.com sees mass layoffs in restructuring of sales, retention and customer service operations – LeapRate Exclusive Saxo Bank…
Read moreIFC Markets, a British Virgin Islands regulated international Forex and CFD broker - part of the IFCM Group has just announced they are glad to inform clients that automatic deposit and withdrawal through Skrill has become available for the company. Deposit and withdrawal through Skrill is realized in your trader back office. To note, automatic deposit though Skrill is…
Read moreThe position of Russian regulators regarding crypto currencies in general and Bitcoin, in particular, has yet to be made clear. Whereas in 2014 the Bank of Russia dubbed Bitcoin a type of money surrogate and warned against it, the law is not precise regarding the status of Bitcoin and its use. This is about to…
Read moreBGC Partners, Inc. (NASDAQ:BGCP), an international brokerage company servicing the financial and real estate markets, today announces that it has sealed a committed unsecured credit agreement with a group of lenders. The agreement provides for maximum revolving loans of $150 million, with the option to increase the aggregate loans to $200 million. On February 25,…
Read moreMetaQuotes Software, the developer of the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms today announces that clients of 190 brokers already use the MetaTrader Virtual Hosting service. The service has been particularly useful for traders that use trading robots and/or have subscribed to signals, as these require continuous operation. MetaQuotes also notes that…
Read moreRussian retail bank VTB 24 intends to set up a subsidiary to offer Forex trading services. The VTB 24 press service informed Russian agency Interfax that the supervisory council of the bank will discuss these plans at a meeting on February 26, 2016 (today). According to Interfax, the bank will review a proposal to establish a subsidiary…
Read moreThe New York Post is reporting that the CEO of retail forex broker FXDD, Joseph Botkier, was arrested earlier this week and later charged with assault, following an altercation with his wife Maria. The NY Post article actually named Botkier the 'Handbag Honcho', since his family also owns a chic handbag line. And, since he allegedly clobbered…
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