ASIC bans NSW financial adviser for three years LeapRate

August 15, 2019 BY Valentina Kirilova

ASIC bans NSW financial adviser for three years

ASIC announced that it has banned a Sydney-based financial adviser, Tarandeep Aujla, because he failed to act in his clients’ best interests. Aujla was an authorised representative of Australian financial services (AFS) licensees Infocus Securities Australia and Chaucer Group. ASIC has found that Aujla did not obtain adequate information from clients about their personal circumstances…

August 15, 2019 BY Valentina Kirilova

UK’s financial regulator confers ‘non-security’ status on Ripple’s XRP

The Financial Conduct Authority (FCA), UK’s primary regulatory watchdog, has finally recognized Ripple’s XRP token in a similar fashion as it has for Bitcoin (BTC) and Ethereum (ETH). The latter two crypto coin systems had already been classified as being an exchange or utility token, as opposed to being deemed a security and then subject…

August 14, 2019 BY Valentina Kirilova

Daily Market News: Trump delays US tariffs

Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for August 14, 2019. The text below is an excerpt and does not contain the full analysis. Hi Everyone, Since landing in California last week, it's become very clear to me how quickly the retail landscape…

August 14, 2019 BY Valentina Kirilova

Chinese officials rush to announce Central Bank Digital Currency for Yuan

It has been no secret that the development arm of the Peoples Bank of China (PBoC) has been working diligently in the background over the past five years over some form of digital currency that would be nationalized and controlled by the central bank. The status of the project has always been in question, but,…

August 14, 2019 BY Valentina Kirilova

Blockchain giant R3 expands with a new office in Dublin

R3, the enterprise blockchain software firm, just announced plans to open its second European office in Dublin in 2020. The office will serve as another of R3’s tech hubs and will be primarily staffed by engineering specialists who will work closely with the existing Engineering team in London. The company has recently doubled the size…

August 14, 2019 BY Valentina Kirilova

CySEC reaches a €300,000 settlement with Banc De Binary Ltd

The Cyprus regulator CySEC announced that it has reached a settlement with the company Banc De Binary Ltd. for violations of The Investment Services and Activities and Regulated Markets Law of 2007. The settlement reached with Banc De Binary Ltd. is for the amount of €300.000 and has already been paid by the company. CySEC…

August 14, 2019 BY Mariela Naydenova

Limestone Network to build a smart city using blockchain

Limestone Network is a startup based in Singapore that aims to disrupt the urban environment in Southeast Asia by using blockchain to build smart cities. The first planned project comprises a 100-hectare land in Phnom Penh. The project is backed up by private investors and it will affect approximately around 200,000 people on a daily…

August 14, 2019 BY Mariela Naydenova

Exclusive Interview: Will cryptocurrency transform the banking industry? Relex’ Founder speaks

LeapRate Exclusive… Keith Hilden is the founder and chairman of Relex, an investment platform that uses cryptocurrency to ensure transparency, accountability and the immutability of investment opportunities for the development of the real estate market. Keith joins Leaprate today to let us know a bit more about his company and to discuss how cryptocurrencies will transform…

August 14, 2019 BY Valentina Kirilova

Daily market commentary: The Yen is currently the most remarkable story in the FX space

ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for August 14, 2019. See details below: FOREX The Yen is currently the most remarkable story in the FX space, as we go through the usual mid-August low liquidity patch. The Japanese currency continues to appreciate against the other majors, noticeably the…

Alibaba close to five-month highs ahead of 2019 largest stock offering

August 14, 2019 BY Valentina Kirilova

Alibaba (BABA) reports earnings in dismal international trade environment

The following post is courtesy of Nikolas Papas, Market Strategist, InvestingCube.com and ATFX. Alibaba (BABA) will release its earnings report before the market open on Thursday, Aug. 15. BABA’s stock closed yesterday at $162.22. Analysts expect Alibaba to earn $1.49 - $1.50 per share on revenue of $16.09 - $15.9 billion. Same quarter a year…