Stephen Moore was nominated by US President Donald Trump to join the Federal Reserve of the country. The bid for the role, however, failed by several votes and Mr. Moore couldn't take the position. Stephen Moore is an economist and former campaign adviser. After his bid didn't come through, Mr. Moore has turned to manage…
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Libra, having faced extreme scrutiny from regulators, has reportedly decided to turn its sight to a more regulatory-friendly zone: national currencies. Reuters reported on Sunday that Facebook is currently considering pegging the Libra cryptocurrencies to national ones. One option is the dollar. The main goal of Facebook is to develop a more efficient payments system.…
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BISON, Boerse Stuttgart Group’s crypto app, have just announced that they have launched a free-of-charge trading in Bitcoin, Ethereum, Litecoin and Ripple (XRP), available 24 hours a day from Monday to Sunday. BISON was launched earlier this year and currently has around 60,000 active users. Dr Ulli Spankowski, CEO of Sowa Labs GmbH, the subsidiary…
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The UK Financial Conduct Authority (FCA) has put out details of several unregulated firms. The names of the latest additions to the regulator’s warning list are Curzon Rose Limited, SwissAZ, CodexFX, Direct Trading Technologie, and Quilter Cheviot Investment Management. According to the regulator, the fraudsters are using or giving out the following details as part…
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Crypto investigative tools have helped to nab 337 users of the world’s largest operating child pornography website on the Darknet that had collected million of dollars worth of Bitcoin over the past few years from its users. Its founder, 23-year old Jong Woo Son, a South Korean citizen, was indicted by a U.S. grand jury,…
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EU’s regulator for securities markets (ESMA) and Australia's regulator ASIC have announced earlier today that they have signed a Memorandum of Understanding (MoU) setting out cooperation arrangements in respect of Australian benchmarks. The EU Benchmarks Regulation (BMR) prescribes a European common framework to ensure the integrity and accuracy of benchmarks used in the EU. Earlier…
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ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for October 21, 2019. See details below: FOREX/BREXIT Despite being slightly down on the day, the pound is holding on to most of the gains achieved last week, trading just above $1.29. Markets are waiting for today’s decisions in Parliament. A negotiated…
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The following article was exclusively prepared for LeapRate by Ramy Abouzaid, ATFX (AE) Head of Market Research. Mario Draghi will formally end his presidency of the European Central Bank by the end of October to hand over Mrs Lagarde to the presidency of the European Central Bank, as the first woman to hold such a high…
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Spotex, a developer of foreign exchange (FX) technology systems and ECN operator, have announced earlier today that they have launched a brand new multilevel credit and margin management module named Periscope. Periscope will enable prime brokers and prime-of-prime brokers (PoPs) to extend credit and/or margin to multiple levels of downstream, sub brokers. Periscope is a…
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If it were not for the last minute, nothing would ever get done, but with Brexit, last minutes keep coming without any final resolution. The entire Brexit process, including endless discussions, debates, and prognostications, is fast becoming as certain as death and taxes, but it appears that Boris Johnson, putting all of his “shenanigans” aside,…
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