March 02, 2020 BY Steffy Bogdanova

Hester Peirce’s final battle with SEC as Wilshire Phoenix BTC ETF is rejected

Securities and Exchange Commissioner (SEC) Commissioner Hester Peirce has issued a statement expressing her disagreement with the Commission’s rejection of Wilshire Phoenix’s Bitcoin Exchange Traded Fund application. Peirce criticizes the SEC for unfair and narrow-minded treatment of Bitcoin-related products. Her term ends in a little over three months, in the beginning of June, some suggest…

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March 02, 2020 BY Valentina Kirilova

Key traders’ demands in 2019, retail trading industry: X Open Hub's Jan Kotowski speaks

Jan Kotowski, X Open Hub's International Business Developer, is a financial market enthusiast and individual trader with over 11 years of experience. His further career lead him through proprietary trading in OSTC and expert positions in various industry leading international financial firms. Before joining X Open Hub as international business developer, Jan was deputy branch…

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March 02, 2020 BY Valentina Kirilova

Polybird CEO: The next big trend in the private markets is going to be direct listings

LeapRate interview... Harish D. Gupta is CEO and Co-Founder of Polybird, a global exchange for tokenized securities. On the exchange, global issuers such as financial institutions, governments, and companies can raise capital (equity or debt) via issuing digital tokens or can list tokenized assets (currencies, commodities, commercial real estate). Prior to Polybird, Gupta was on…

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February 28, 2020 BY Steffy Bogdanova

Philippine crypto regulator accused of corruption

Raul Lambino, administrator of Cagayan Economic Zone Authority (CEZA), licensing regulator for cryptocurrency exchanges in the Philippines, was accused of corruption and misappropriation of millions. Allegedly Lambino’s wealth has inexplicably grown with tens of millions of dollars. A leaked report from the Philippine National Intelligence Coordinating Agency (NICA) says: It is now the general belief…

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February 28, 2020 BY Valentina Kirilova

5 reasons why the Eurodollar may continue to fall

THe following article was written by Giles Coghlan, Chief Currency Analyst at HYCM. The Eurodollar pair has been under a great deal of pressure so far in 2020. Up to now, we’ve seen it crashing through last September’s support to trade at levels last seen in 2017. This has caused some commentators to speculate as…

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SEC
February 28, 2020 BY Steffy Bogdanova

SEC fines Wells Fargo with $35 million over investment recommendation practices

The Securities and Exchange Commission (SEC) announced on Thursday settled charges against Wells Fargo Clearing Services and Wells Fargo Advisors Financial Network for improperly recommending risky investments to some of its clients, including senior citizens and retirees. SEC ordered Wells Fargo to pay $35 million penalty. SEC accused Wells Fargo for failing to supervise investment…

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February 28, 2020 BY Steffy Bogdanova

Paysafe teams up with Celero Commerce in US market

Paysafe, specialized payments platform, announced its partnership with the Tenenesse-based integrated business management solutions provider, Celero Commerce. Paysafe will support Celero Commerce’s independent sales organizations (ISOs) in their expansion. Founded in 2018 Celero Commerce currently serves approximately 25,000 American merchants. The collaboration will allow the company to take advantage of 20-year experience of Paysafe assisting…

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February 28, 2020 BY Steffy Bogdanova

Actor Steven Seagal charged with unlawful promotion of ICO

The Securities and Exchange Commission (SEC) announced yesterday that it settled charges against actor Steven Seagal for not disclosing payments he received for promoting investments in an initial coin offering (ICO) by Bitcoiin2Gen (B2G). SEC found that the 69-year-old actor failed to disclose the amount $250,000 in cash and $750,000 worth of B2G tokens he…

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