New Zealand FMA adds two more companies to its warning list LeapRate

August 30, 2019 BY Valentina Kirilova

New Zealand FMA adds two more companies to its warning list

The Financial Markets Authority (FMA) has recently added two more names to its list of unregulated firms. The latest additions are the company Yifu International Futures Co Ltd and the website www.rncapitalalliance.com. According to the regulator, Yifu International Futures is not registered on the New Zealand Financial Service Providers (FSPR) register nor is it associated…

August 30, 2019 BY Valentina Kirilova

Moscow Exchange to introduce zero fee for liquidity consumers on FX Market

Moscow Exchange (MOEX) announced yesterday that they have launched zero fee for liquidity consumers on FX Market, effective September 2. An asymmetric maker ("taker") fee will apply to USD/RUB trading with today settlement and a speedbump mechanism (USDRUB_TDB instrument). Liquidity consumers, called 'takers', can now pay zero trading fee while liquidity providers, also named 'makers',…

UN report says North Korea laundered $2 billion theft via Hong Kong firm

August 30, 2019 BY Valentina Kirilova

ANI Development LLC charged with defrauding approximately 50 retail investors

The Securities and Exchange Commission today announced that it has shut down $300 million fraud perpetrated by San Diego company ANI Development LLC and Its Principal, Gina Champion-Cain. According to the regulator, the company has defrauded approximately 50 retail investors. Back in 2012, ANI Development LLC fraudulently raised hundreds of millions of dollars from investors…

August 30, 2019 BY Valentina Kirilova

Pepperstone adds US shares to its MT5 multi-asset offering

Forex broker Pepperstone announced that they have launched US share contracts with after-market trading, with no data fees, on their MetaTrader 5 platform. Traders can now take positions on Tesla, Alibaba, Apple, and more big names before market open. Pepperstone's unique US shares offering allows clients to trade in and out of positions after the…

August 30, 2019 BY Valentina Kirilova

Bitcoin finally releases hold on $10,000 - Falls to $9,500, confusing analysts

Over the past two months while Bitcoin has been range bound, there have been a multitude of explanations for its sluggishness and inability to leap forward from its $10,000 perch. As for what could happen next, there are just as many predictions, primarily based on technical interpretations of the pricing “tealeaves”, but at times like…

August 30, 2019 BY Valentina Kirilova

Bakkt’s “state-of-the-art” exchange in final testing – Taking BTC deposits

September 23rd is only weeks away. For those that missed it, it is the regulatory approved launch date for the Bakkt crypto exchange, the first of its kind – it will be “state-of-the-art; it will offer daily and monthly futures contract that settle “in kind”; and it will be fully regulated. What is that you…

August 30, 2019 BY Mariela Naydenova

Islamic finance getting ahead with blockchain and R3

Blockchain is everywhere, disrupting it all. Islamic finance is also getting disrupted by the technology and some companies are quick to snap up the popular trend of deploying blockchain for business purposes and retaining customers. R3, a blockchain enterprise vendor is one such company. It has recently entered a partnership with a startup based in…

August 29, 2019 BY Mariela Naydenova

Telegram launches the Gram cryptocurrency by October 31st

Some companies raise enormous amounts of money when it comes to issuing their own cryptocurrency. Telegram is definitely one of those companies. The firm is scheduled to release its Gram cryptocurrency by October 31st, 2019. If it fails to do so, Telegram automatically loses more than $1.6 billion. According to press, Telegram has set a…

August 29, 2019 BY Mariela Naydenova

Ex-Amazon employee hacked Capital One and 30 more companies to mine cryptocurrency

At the end of July 2019, an ex-Amazon employee was suspected of hacking Capital One and the news brought about mixed opinions about technology, the personal responsibility of employees, and most of all - security. The suspect in question is a 33-year old woman who was actually arrested in Seattle over the massive hack at…

INTL FCStone’s Carsten Hils discusses the impact the current crisis has on FX markets

August 29, 2019 BY Valentina Kirilova

New report reveals that Bitcoin’s Lightning Network may be struggling

In its initial idealized beginnings, Bitcoin was intended to be another payment option at the point of sale, free from interference by bankers and a cheaper alternative for merchants. A few zealots actually predicted that Bitcoin would soon rival Visa and MasterCard at the point of sale, but that dream soon disappeared, as BTC became…