CLS Group, the market infrastructure provider of risk mitigation services to the global FX market, has just published its operating metrics for the month of July 2019. The ADV submitted to CLS dropped with 7.1% MoM to US$1.75 trillion. ADV submitted to CLS by product (US$ trillion) Jul 2018 Jun 2019 Jul 2019 Swap…
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The Cyprus regulator CySEC has made several announcements yesterday regarding withdrawal of CIF authorisations of several companies. As of August 7, the CIF licences of the companies S.L. Capital Services Ltd, Spot Capital Markets Ltd, DFG Capital (Cyprus) Ltd, Globesco Capital Ltd, have been withdrawn until further notice. CySEC has also announced the withdrawal of…
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The Nova Scotia Securities Commission (NSSC) has issued a warning against an entity named aGifttoken (agifttoken.com). The company is not registered to sell securities in Nova Scotia. The company and their representatives have an Initial Coin Offering (ICO) that is available to Nova Scotia residents. aGifttoken claims to be a cryptocurrency to be used on…
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Global commodities broker, Marex Spectron, has announced that the IBP/NBP locational spread has traded on its broker screen for the first time. Bord Gáis Energy was the first company to trade the spread by transacting at the IBP and NBP simultaneously; a second spread trade was then completed shortly after the first. Martin Regan, Marex…
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The tale of the one and only hack of the world’s largest crypto exchange is back in the news, as hackers began their task of laundering the 7,074 Bitcoins that were stolen back in early May from Binance. Coinfirm, a crypto analytics firm, has been keeping tabs on the various addresses where these coins, now…
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North Korea is making news as, according to a draft report from the United Nations, the country has stolen around $2 billion in a wave of cyber attacks on cryptocurrency exchanges and financial institutions in an effort to fund military weapons program. The report was submitted to the Security Council committee this past week by…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for August 7, 2019. The text below is an excerpt and does not contain the full analysis. Hi Everyone, Traditional finance types have been talking about it for a while, but lately, I'm seeing more and…
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The US-base unicorn, or better yet, the largest cryptocurrency exchange in the US, Coinbase is reportedly facing a negligence lawsuit for not handling the launch of BCH the right way. According to released court documents, US District Judge Vince Chhabria has formally accused the exchange of unfair competition practices and misrepresentation. Bitcoin Cash was launched…
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Right on cue, Bitcoin arose from its “slumber party” and bludgeoned its way upward once more, taking out formidable resistance at $11,200 with ease, leaping beyond $12,000 for a spell, and now consolidating its rapid gains at $11,742. If you do the math, that is a hefty 14% gain in a matter of days, thereby…
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LeapRate Exclusive... Maryanne Morrow is the founder and CEO of 9th Gear Technologies - the only B2B institutional marketplace that enables same day Foreign Exchange (FX) transactions through on-demand payment liquidity. Maryanne brings more than 20 years as a corporate veteran in the financial, marketing and advertising industries to her role as founder and CEO…
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