The largest Ponzi scheme in the crypto world, as Leaprate reported not long ago, is OneCoin. While there are many fake ICOs, OneCoin stands out as the largest one - defrauding the global economy of approximately $4 billion in under 5 years. While the founder, Ruja Ignatova, and her brother are the main "heroes" of…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for November 4, 2019. The text below is an excerpt and does not contain the full analysis. Today's Highlights Not Likely That BTC Whale Fueled 2017 Price Surge: The more likely narrative of what fueled the…
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FCA regulated CFH Clearing, TradeTech Group’s Liquidity Provider and Prime of Prime brokerage, has just announced that it has enhanced its multi-asset liquidity offering with new data analytics tools and increased transparency for clients. Andy Biggs, Head of Liquidity at CFH Clearing commented on the news: CFH has built an impressive in-house analytics system which…
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It is a rare day that a banking institution or group of banks comes out in favor of anything having to do with cryptocurrencies and blockchain technology. It is even rarer still after considering the fact that government officials have for months been on a caustic rant against Facebook, Libra, and all things crypto. While…
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Financial services aggregation platform provider Bud has announced the launch of its new SME / fintech platform. The API is now open through a self-service portal to all comers regardless of size and sector. The new portal provides access to: Open Banking via Bud’s AISP licence A suite of enrichment APIs designed to help treat…
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Spotex, a developer of foreign exchange technology systems and institutional ECN operator, has just announced that it has promoted John Miesner to its new Chief Executive Officer. Miesner joined the company less than a year ago as Senior Managing Director and Global Head of Sales and Distribution. Ritesh Agrawal, the firm’s co-founder and long-time CEO,…
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ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for November 4, 2019. See details below: FOREX The euro is on the backfoot as Europe’s Monday session gets underway with it down by more than 0.1% against both the dollar and the pound. Investors will be listening closely to Christine Lagarde’s…
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ULTUMUS, the global provider of data creation, management and distribution services for index benchmark and ETF products, has just announced that it has added Jonathan Addy to its team. Addy joins from DeltaOne part of IHS Markit, where he spent over 5 years as Senior Technical Architect overseeing the web-enabled release of the complete DeltaOne Solutions…
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Multibank FX aggregation service FXSpotStream has released its volumes report for the month of October. Last month’s ADV decreased 6.95% YoY and 10.66% MoM to USD33.362 billion. ADV for all of 2019 is USD36.965 billion - up 28% vs the ADV for the same period in 2018 of USD28.965 billion. ADV figures for October are…
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Breaking news... FCA regulated Prime of Prime broker IS Prime has reported continued growth, with a 60% increase in turnover y/e 31 March 2019. Reported figures from the London-headquartered broker show a rise from £17.2m y/e 2018 to £27.6m y/e 2019. Net profit for the financial year has increased by 11.5%, rising from £4.6m to…
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