ASIC’s interim order is valid for 21 and stops the funds from issuing interest. Investors in these funds are likely to experience significant price volatility and deep negative returns in periods of asset price decline. The highly volatile and complex nature of crypto-assets makes the investments “risky and speculative”. Holon has disclosed in its product…
Read more
Stephen Tudjman commented: I’m thrilled about the opportunity to join Invast Global and to work alongside a passionate and experienced team in an award-winning business that focuses on providing innovative client offerings. Gavin White, CEO of Invast Global added: Stephen’s wealth of experience, including over two decades at Ashurst, one of the most respected financial…
Read more
The SFC noted that Kwong Shing admitted that from 2 August 2013 to 16 December 2013 he used two of his client’s securities accounts and made eight stocks transactions without approval. The regulator pointed out that these transactions resulted in trading profit of $172,890 to one of the accounts and in $48,321 loss to the…
Read more
The regulator detailed that in one case, Gatehouse Bank once opened an account fora Kuwait-based company for aggregating customer funds. The bank did not require the collection of crucial information including customers’ source of funds or wealth. During a two year period, the bank ended up receiving $62 million in deposits from customers without performing…
Read more
According to the CySEC website, GCB operates the following approved domains: www.gcb.com.cy and www.t1markets.com. GCB and CySEC have reached a settlement for the amount of €120.000, the official announcement stated. The commission noted that the decision was reached on 19 September 2022. Earlier in October, CySEC revealed that it has decided to withdraw the CIF…
Read more
The scheme According to the CFTC, the fraudulent scheme began in August 2014 when Hewko and MPC began seeking investments into a pooled investment vehicle operated by MPC and marketed to prospective investors as the Global Opportunity Fund (Fund). The regulator detailed that over $1.1 million were collected from the investors from September 2014 to…
Read more
The interface "wizard" Capitalise.ai allows traders with FOREX.com trading accounts to create trading strategies or alerts, automatically executable with no-code through free-style English text input tool. The automated trading plans can feature up to hundreds of entry or exit conditions. Capitalise.ai algorithm trading relies on artificial intelligence and machine and is available to all traders,…
Read more
On the other hand, should US inflation surprise to the upside, the Federal Reserve will be unlikely to deviate from its current path of hiking rates and reducing the balance sheet, in which case further dollar gains can be expected. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions are personal to the authors and do…
Read more
The new version of the payment solution is currently offered without the minimum monthly fee for all clients who join until the end of the year. There two variants of the solution – a crypto wallet managed by the provider’s team and a self-managed solution with the client’s sole control over the wallet. The official…
Read more
Crypto investments The German-headquartered company ventured into the crypto industry with its crypto exchange launched in the beginning of the year, NAGAX. NAGA Group’s crypto arm has signed a letter of intent with FOSUN group-owned Brazilian digital asset management platform, Guide Investimentos, to launch a joint venture. The two companies are planning to offer a…
Read more