Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for February 28, 2020. The global market sell off shows no signs of abating and markets are set for their worst week since 2008. European markets have seen heavy selling at the open with the FTSE100 down 3.7%…
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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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ActivTrades’ Market Analysts prepared their daily commentary on traditional markets for February 28, 2020. This is not a trading advice. See details below: FOREX Fears of a global recession caused by the coronavirus pandemic are increasing as more cases are declared in new countries. This has triggered a flight to safety by investors spooked by…
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Online gaming and financial trading giant Playtech PLC (LON:PTEC) has released its results for the year ended 31 December 2019. The company reported significant decrease in revenue in its financial division TradeTech Group (which includes CFH, Alpha, Markets.com), due to challenging market conditions in 2019. Group highlights include: Core B2B Gambling revenue growth of 15% vs. 2018 driven…
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ASIC has cancelled the Australian financial services (AFS) licence of RVM Capital for not submitting its annual financial statements for three years in a row. RVM Capital held AFS licence number 457140 and it was cancelled from 21 January 2020. These measures are part of ASIC’s intention to raise and improve the requirements for…
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The Federal Court has found that the over-the-counter (OTC) derivative providers AGM Markets Pty Ltd, OT Markets Pty Ltd and Ozifin Tech Pty Ltd were engaged in systemic unconscionable conduct. It was reported that Australian investors lost over $30 million. Account managers located offshore were used to engage retail investors in Australia. They provided unlicensed…
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engage:BDR (ASX:EN1), a digital advertising firm that offers cross-device video and display advertising solutions, has just released its financial commentary for the 2019 calendar year. According to the company's management, 2019 was a pivotal, successful and profitable year for EN1. 2019 full year growth highlights include: Revenue increased 50% to $17.1M (from $11.4M in 2018)…
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INTL FCStone Inc. announced today the acquisition of GAIN Capital Holdings, Inc. The agreement is approved by the board of directors of both companies. INTL FCStone agreed to acquire GAIN Capital for $6.00 per share in all-cash transaction, amounting to approximately $236 million in equity value. INTL FCStone also agreed to make an offer at…
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Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for February 27, 2020. Markets are in the red again this morning but interestingly it is China which is holding up the best with the CSI 300 index in the black. However, other Asian bourses including both the…
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Financial secretary of Hong Kong Paul Chan, announced yesterday in his annual budget speech that he is considering changes of the regulation in the cryptocurrency sector to strengthen the anti-money-laundering (AML) norms and counter-terrorist-financing (CTF) policies. Financial Secretary Chan indicated in his speech that he was following recommendations form global financial regulator, Financial Action Task…
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