Small cryptocurrency Tezos gains traction, is Bitcoin in trouble? LeapRate

May 20, 2020 BY Steffy Bogdanova

Small cryptocurrency Tezos gains traction, is Bitcoin in trouble?

Tezos was designed as a “self-amending cryptographic ledger”, it does not rely on mining (Proof-of-Work), but instead utilizes a Proof-of-Stake based consensus model. Recently it has emerged as a favorite for tokenized real-estate and security tokens. Since the recent Bitcoin halving, mining for BTC has become more difficult. Many have suggested that bitcoin minors may…

May 19, 2020 BY Steffy Bogdanova

CySEC warns about fraudulent representation

The Cyprus regulator said that such cases occur often and may be part of a sophisticated online scheme to defraud investors. Typically, such scams may have the following characteristics: Individuals claim to be CySEC officers, appointed representatives of CySEC, other Cypriot supervisory authorities or bank representatives appointed by CySEC. These scammers contact investors that are…

May 19, 2020 BY Steffy Bogdanova

LMAX Digital celebrates its first two years of operation with $85 billion crypto traded

Mercer continued: We have been impressed by the resilience of crypto currencies, particularly Bitcoin, and note that they have been relatively stable compared to other asset classes which have enjoyed central bank intervention and still shown extreme levels of instability. We see this as an encouraging sign that investors are starting to place more value…

May 19, 2020 BY Valentina Kirilova

Former Bloomberg Tradebook veteran Paul Beatty joins FlexTrade

Paul Beatty, Director of FX Business Development at FlexTrade, said: I am truly excited to join a global leader within the trading technology space”, said Beatty. Beatty added, “I am proud to be part of a successful global company and I am looking forward to work with the global FX team and contribute to FlexTrade’s…

May 19, 2020 BY Valentina Kirilova

FXCM launches Stock Baskets

Sector Symbol YTD Change1 Monthly Volume Change2 Esports & Gaming ESPORTS +12% +221% Big US Tech FAANG +10% +176% Biotech BIOTECH +8% +201% Chinese E-Commerce CHN.ECOMM +8% +45% Chinese Tech CHN.TECH -1% -52% eMini Dow Futures US30 -19% --- Past Performance is not an indicator of future results. 1 Year-to-date (YTD) figures calculated using FXCM’s closing bid price from…

May 19, 2020 BY Steffy Bogdanova

CFTC files a $1.5 Million forex fraud scheme charges against GNTFX оwner

The CFTC complaint alleges that Mikkelsen engaged in fraudulent scheme to obtain at least $1.5 million from over 100 individuals and entities by getting them to invest with a supposed company called GNTFX to trade retail leveraged or margined forex. The scheme has been running at least since 2015. The complains claims that Mikkelsen misappropriated…

May 19, 2020 BY Valentina Kirilova

Daily market commentary: COVID-19 vaccination rumours diminishing investors’ appetite for safe haven assets

EUROPEAN SHARES Benchmarks in Europe are struggling to extend yesterday’s gains, which was sparked by optimism about a possible vaccine against Covid-19. However, yesterday’s euphoria is now nuanced by today’s uncertainty as investors brace themselves for the Fed Chairman Jerome Powell’s speech, which will provide them with more clues on the state of the recovery…

May 19, 2020 BY Steffy Bogdanova

World Federation of Exchanges embraces the suspension of the ban on short selling

WFE published a paper reviewing the academic literature on short-selling and short-selling bans, comparing the arguments against banning short-selling with the arguments in favour. “What does academic research say about short-selling bans?” almost unanimously indicates that short-selling bans are disruptive for the orderly functioning of markets. They are found to reduce liquidity, increase price inefficiency…

May 19, 2020 BY Steffy Bogdanova

New Zealand FMA adds Pioneer Income to its warning list

New Zealand watchdog received a report that Pioneer Income representatives have made unsolicited calls to a New Zealand resident to sign up to their online trading system via their website. Pioneer Income is not registered as a financial service provider in New Zealand and is therefore not permitted to provide financial services/products to New Zealand residents.…

The Swiss Stock Exchange adds RIZE ETFs of medical cannabis and cyber security.

May 19, 2020 BY Steffy Bogdanova

SIX launches data sharing platform for financial institutions and third-party providers

Marco Menotti, Head Business Unit Banking Services, SIX said: With b.Link, SIX is creating the foundation for innovative products for participants and strengthening the Swiss financial center. We are guided by the needs of the market and our customers, and will continue to add new use cases. b.Link will initially support two applications: The “Account…