eToro
December 29, 2021 BY Steffy Bogdanova

eToro expands crypto offering with the Sandbox and CELO

CELO The DeFi platform Celo (CELO) helps users and investors to settle transactions via their mobile phones. Celo makes acess to financial services easier though tools and transactions available on mobile-first basis. CELO investors can vote on initiatives such as making the CELO blockchain carbon neutral. Natalie Alfers, Exchange & Partner Marketing Lead at the…

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CFTC
December 29, 2021 BY Steffy Bogdanova

CFTC files charges in a multi-million-dollar forex fraud

Background According to the regulator’s complaint, from 2012 to 2018, WorldWideMarkets, along with TAB Networks who performed all of its business activities, participated in forex transactions with 14,000 retail customers. During this period, the companies operated out of New Jersey. However, the CFTC discovered that Plaut organized WorldWideMarkets in the British Virgin Islands in order…

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CFTC penalty
December 28, 2021 BY Steffy Bogdanova

Dubai traders ordered to pay $100K to settle charges brought by CFTC

Charges According to the financial markets watchdog, Bansal and Agarwal engaged in the fraudulent activities for accounts held by Aralia and Vintage. Around 14 April 2020, Bansal led Agarwal to enter orders for Vintage to sell 250 gold futures contracts traded on COMEX at a specific time. Agarwal entered those orders and Bansal entered off-setting…

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Acquisition
December 28, 2021 BY Steffy Bogdanova

S&P Global and IHS Markit to sell Base Chemicals and CUSIP Businesses

Douglas L. Peterson, President and Chief Executive Officer of S&P Global said: The two divestures we have announced today represent an important milestone in our progress toward satisfying the required regulatory conditions to complete our merger with IHS Markit. With these agreements in place, we are well positioned to dedicate our full attention to our…

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CySEC
December 23, 2021 BY Steffy Bogdanova

CySEC withdraws AFX Capital’s CIF licence

Furthermore, Manuela Mazzacco, who is a member of the Board of Directors received a €100,000 fine and a 5 year ban from exercising management functions in any CIFs. Andreas Lianos, who is also on the board, got a €50,000 fine and a 3 year ban. The other board members, including Costas Georgiades, Elena Economides Demetriou…

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Acquisition
December 23, 2021 BY Steffy Bogdanova

Kraken acquires infrastructure platform Staked

The announcement further detailed that through the deal, Kraken’s clients will have more options on how they choose to manage their funds when staking with Kraken. Tim Ogilvie, CEO of Staked said: Kraken’s acquisition of Staked represents an exciting new chapter for us. Kraken clearly shares our commitment to supporting proof-of-stake networks, having a security-first…

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TP ICAP
December 23, 2021 BY Steffy Bogdanova

TP ICAP Group names Louise Murray non-executive director

Prior to this, Murray worked BlackRock Investment Managers for almost 21 years. Her most recentl appointment there was a Managing Director, Head of Fixed Income Trading EMEA. Richard Berliand, Chairman of TP ICAP Group plc, said: We are delighted to welcome Louise to the Board of the Company. With her experience across different asset classes…

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