On-chain payments for financial markets company, Fnality International, announced that it has added key additions to the senior management and advisory team. Gary Chu joins as General Counsel and Adam Clarke as Chief Technology Officer (CTO), with Daniel Heller joining as Head of Regulatory Affairs. Gary Chu was previously a Legal Counsel and an Executive…
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The Hong Kong Securities and Futures Commission (SFC) announced today that it has banned Mr Samuel Lee Kwok Tung from re-entering the industry for eight months ending 16 April 2020. Tung is a former account executive of DBS Vickers (Hong Kong) Limited (DBSVHK) and, according to the regulator, has falsely stated that he was the…
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The Financial Markets Authority (FMA) has recently added a new name to its list of unregulated firms. The latest addition is the company Trinity Investments Limited. According to the FMA, the company could be involved in a scam. The regulator has received a complaint from a New Zealand resident who has invested with Trinity Investments…
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ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for August 19, 2019. See details below: FOREX The Pound is on the backfoot, having lost more than 0.1% to the US Dollar during early Monday trading. Brexit and related matters continue to be the main driving force behind Sterling; after a…
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Coinbase, America’s leading crypto exchange, took another step forward to utilize its $300 million fundraising of last October to expand its global footprint in the industry, this time by beefing up its fledgling custodial business with the acquisition of Xapo Ltd for a reported sum of $55 million. If and when the final transfers are…
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Nine weeks and still ranging is not what Bitcoin enthusiasts had been hoping for, but the leading cryptocurrency has not necessarily backed away from volatility. When other assets are range-bound, it is typically a tight range. One could make the argument that BTC is held captive by “tightening” boundaries, since its price behavior is now…
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The IRS has already sent a letter of warning to cryptocurrency investors to properly claim their "digital assets" and pay the respective taxes. Now, only after a few months after the first warning, the second one is in. This time, however, the letter is received by some crypto investors whose federal tax returns do not…
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eToro UK markets analyst, Adam Vettese, has provided his daily commentary on traditional and crypto markets for August 16, 2019. The text below is an excerpt and does not contain the full analysis. Hi Everyone I’m Adam. As Mati mentioned yesterday I will be taking over the ‘daily’ while he is on vacation. I am…
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Belize financial regulator IFSC has just issued a Warning Notice regarding a company called Gann Markets Corp. The new entity is a Belize Company incorporated under the International Business Companies Act (IBC), Chapter 270 of the Laws of Belize. According to the regulator, Gann Markets Corp. is NOT authorised to hold itself out as providing…
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UK financial regulator Financial Conduct Authority (FCA) has issued some more warnings this week, this time against several unregulated financial services providers targeting UK consumers. The FCA’s latest warnings are against the companies Citi Finances, Mango Capital, and Smart Loans. The companies are not authorized by the FCA but have been targeting people in the…
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