Daily Market News: All asset classes sold as Sterling lowest since 1985, oil reaches double decade low LeapRate

March 19, 2020 BY Valentina Kirilova

Daily Market News: All asset classes sold as Sterling lowest since 1985, oil reaches double decade low

Boeing ‘on the brink’ In the US, the Dow Jones Industrial Average was the hardest hit of the three major indices on Wednesday, closing 6.3% lower, with Chevron, Boeing and Travelers the biggest losers. Boeing fell another 17.9% despite rumblings of a government bailout for airlines and aerospace firms, taking its one month loss close…

Visa under the DOJ microscope once again

March 19, 2020 BY Steffy Bogdanova

Regulated crypto exchange CoinZoom launches in the US with Visa card

CoinZoom supports most popular cryptocurrencies including bitcoin (BC) and ether (ETH) in pairs with US dollar. The platform also provides facility for proof-of-stake (PoS) coins, which brings rewards for holders. CoinZoom already has a trending app for Apple iOS devices and can be also used as a remittance solution. CoinZoom founder and CEO Todd Crosland…

March 19, 2020 BY Steffy Bogdanova

Luxembourg regulator CSSF warns against Golding Capital Partners GMBH

The website imitates the management company Golding Capital Partners (Luxembourg) S.à r.l., an authorized company by the CSSF. However, the website has not relation to the company. The official warning can be seen here. Find more warnings from CSSF: Luxembourg regulator CSSF warns against Alysa Group Luxembourg regulator CSSF warns against SAP one

March 18, 2020 BY Steffy Bogdanova

French AMF warns against the entity and the website Magaffairs

The AMF asks investors to not do business with persons or entities associated with Magaffairs and to not pass their marketing advertisement to third parties. The AMF also reminds investors to follow these simple guidelines before making an investment: High returns always involve high risk and no advertising materials should be able to convince you…

March 18, 2020 BY Valentina Kirilova

FCA adds two more unregulated companies to its warning list

Berwick Asset Management Address: Badenerstrasse 313, 8003, Zurich, Switzerland Telephone: 02038080415, 02038080428 Email: [email protected] Website: www.berwickassetmanagement.com Flairfinance Asset Management (clone of Appointed Representative firm) Address: 11 Brookbridge Court, 1189 Melton Road, Syston, Leicester, LE7 2JT; 5 Brookbridge Court, 1189 Melton Road, Syston, Leicester, LE7 2JT Telephone: 0753 718 5457, 07384 964457 Email: [email protected] Website: www.flairfinance.com,…

March 18, 2020 BY Steffy Bogdanova

John H. Porter in a new strategic role for R.J. O’Brien

Porter is a Chartered Financial Analyst (CFA), he also has decades of experience in positions such as Chief Investment Officer, Chief Economist and Global Head of Fixed Income at major organizations such as the World Bank, to hedge funds, to Barclays and AXA. RJO Chief Sales Officer Dan Staniford commented: John has truly outstanding credentials,…

March 18, 2020 BY Valentina Kirilova

Daily market commentary: Volatility remains the dominant scenario on markets, including gold

GOLD Volatility remains the dominant scenario on markets with gold proving no exception. The price jumped to $1,550, before collapsing again below $1,500. In this phase, we are seeing a positive (direct) correlation between stock markets and gold, which should not be a big surprise as every time there is a market sharp fall, many traders…

March 18, 2020 BY Valentina Kirilova

2gether unveils the new face of crypto: millennial women

Laura de Castro Braulio, Head of Marketing at 2gether, shares with LeapRate her insights about being a woman in the fintech/crypto space, and dive deeper into 2gether’ survey findings. LR: What is it like to be a woman in the fintech/crypto space? Laura: We’re living a unique moment in history, where women’s voices are louder…

March 18, 2020 BY Steffy Bogdanova

Jury finds investment adviser and its owner guilty for fraud

Previously, the court gave partial summary judgement Westport Capital and McClue were in violation of the Investment Advisers Act by aiding and abetting unauthorized principal transactions. The trail examined whether the defendants acted intentionally or not. On Monday, jurors returned a verdict in the SEC's favor on these counts. Adam Aderton, Co-Chief of the SEC's…

March 18, 2020 BY Steffy Bogdanova

Thieves steal $2 million with pandemic essentials scam

INTERPOL Secretary General Jürgen Stock commented: Criminals are exploiting the fear and uncertainty created by COVID-19 to prey on innocent citizens who are only looking to protect their health and that of their loved ones. Steven Yang, marketing director at AnChain.AI, noted that some of the scams are being facilitated by cryptocurrency. His company has…