CySEC permanently deletes Hellenic Secretarial Services Ltd from Register LeapRate

August 05, 2019 BY Valentina Kirilova

CySEC permanently deletes Hellenic Secretarial Services Ltd from Register

The Cyprus regulator CySEC announced that the company Hellenic Secretarial Services Ltd waived its authorisation pursuant to section 16(1) of the Law Regulating Companies Providing Administrative Services and Related Matters of 2012, as in force (the ‘Law’). Hellenic’s authorisation with Νumber 131/196 lapsed as from 1st July 2019 and CySEC has permanently deleted Hellenic Secretarial…

August 05, 2019 BY Valentina Kirilova

Financial technology company Integral’s ADV down 6.3% MoM in July

Fintech company Integral just released its volumes report for the month of July 2019. Average daily volumes (ADV) across Integral platforms totaled $34.1 billion in last month, volume's down 6.3% compared to June 2019. LeapRate reminds that in 2018 Integral invested in Mint Exchange, a cryptocurrency clearinghouse designed for institutions. Mint Exchange is built on the…

August 05, 2019 BY Valentina Kirilova

MOEX FX Market volume up 20% MoM in July

Moscow Exchange (MOEX) just released its trading volumes report for the month of July 2019. Total trading volume across Moscow Exchange’s markets was RUB 72.1 trln last month. The growth leaders were once again the Equity Market (+54.3%), as well as: GCC Repo Market (+53.9%) Derivatives Market (6.6%), including commodities derivatives (+24.6%). Equity & Bond…

August 05, 2019 BY Valentina Kirilova

Argentex adds RBS Director Lena Wilson to its executive team

FCA regulated provider of foreign exchange services to institutions, corporates and high net worth private individuals, Argentex Group PLC, has just announced that it has added one of Scotland’s best-known business leaders, Lena Wilson, CBE FRSE to its team as Senior Independent Director and Chairwoman of the Nominations Committee. Lena Wilson currently serves on the…

August 05, 2019 BY Valentina Kirilova

Exclusive Interview: TradAir's growth, partners and updates: Founder and CEO Ayal Jedeikin speaks

Few weeks ago the provider of institutional trading solutions for FX and Digital Assets, TradAir, completed an $11M Series D round, led by new investors GF Investments and the family office of Harvey Golub, former Chairman and CEO of American Express. Over the last year, the company has delivered strong financial, product, and operational performance,…

August 05, 2019 BY Valentina Kirilova

Bitcoin makes weekend move to the upside - $11,200 resistance awaits

Bitcoin is back to its old tricks of waiting until the weekend to make a positive leap forward. It had been ranging of late, unable to break out in any direction. If you went back to June, its fifth positive gain month in a row, BTC had been roundly repulsed from the $13,800 level. A…

August 02, 2019 BY Mariela Naydenova

Spending the value of your crypto without spending the actual coin - by Nexo

Spending your cryptocurrencies is one of the goals of many companies. Startups around the world think of innovative solutions on how to allow investors to actually spend their digital coins. One financial startup, however, is doing a different thing. Nexo, Arrington XRP capital-backed company, revealed a special debit crypto card with a line of credit…

August 02, 2019 BY Valentina Kirilova

Bitcoin has been challenged of late, but compelling benefits are undeniable

July has finally ended. It seemed to be a month where every government official, including President Donald Trump, regulator, and died in the wool crypto skeptic decided to make a concerted effort to banish Bitcoin and the notion of cryptocurrencies from the public consciousness. After several years of endless debate, Indian authorities even stopped their…

IBMR launches a macroeconomic stablecoin for Southeast Asia

August 02, 2019 BY Mariela Naydenova

Walmart might rival Facebook's Libra with its own USD-pegged stablecoin

Facebook's Libra is all over the news: from regulatory bodies to fintech companies, everyone is excited about the "global currency" that the tech giant has been developing and has now officially launched its website. Another huge player, however, may be filing its own stablecoin very soon. Walmart seems to have filed a patent showing the…

August 02, 2019 BY Mariela Naydenova

The first licensed crypto exchange in the Middle East, Rain, is now live

Rain, a cryptocurrency exchange based in Bahrain, has acquired the licence called crypto-asset module or CRA from the Central Bank of Bahrain. According to press, Rain has now secured a seed round of $2.5 million for its business. Rain is the very first crypto exchange that receives the licence in the Middle East, a fact…