It is always nice to be first at something, and Prime Factor Capital Ltd., a London-based investment management firm, achieved this relatively unique status by becoming the first firm to receive the “green light” from the Financial Conduct Authority (FCA) for its crypto-focused hedge fund. The fund will also fall within the auspices of the…
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CoinEX is one of the leading exchange platforms in the cryptocurrency space. Back in July 2018, Leaprate reported that CoinEX has surpassed Binance by trading volume. The exchange incorporated the so-called “trans-fee” mining model. The model allows exchanges to issue its own tokens and pay these to users in exchange for the regular transaction fees…
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As The Business Times reports IBM and the three largest banks in Australia have joined efforts to test retail financing by the technology of blockchain. The new product is a bank-guarantee platform that is used by shopkeepers. The platform has a shared database. If the project is successful, this will be the very first application…
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UK financial regulator Financial Conduct Authority (FCA) have issued their latest warnings against several unregulated financial services providers targeting UK consumers. The FCA’s latest warnings are against the companies: Hill Law Associates Address: 150 S Wacker Dr, Chicago, IL, 60606, USA Telephone: +1 855 500 1057 Email: [email protected] Website: www.hill-lawassociates.net Levenson Corporate Partners Address: 2258…
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CySEC licensed financial services firm GBE brokers announced earlier today that it has started offering the MetaTrader5 platform to their clients. The company also operates the GBE Prime liquidity brand. The GBE CEO, Rifat Sayim, commented: We are delighted to offer the technically advanced MetaTrader 5 platform to our clients. It will offer traders with…
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Global forex CRM and back-office provider FX Back Office just announced that it has teamed up with the FinTech company Tradesocio. Tradesocio’s technology suite includes a full array of mirror trading, separately managed accounts, investment management and digital wealth advisory solutions alongside middle and back-office service stations. Boasting over 1 billion in assets managed via…
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ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for July 4, 2019. See details below: GOLD After a new rally yesterday, gold is declining but holding well above the support level of $1,400. Investors are waiting for NFP figures from the US and are trying to understand how this data…
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The UK’s regulatory watchdog was in the press again yesterday. Per its press release: The Financial Conduct Authority (FCA) is proposing rules to address harm to retail consumers from the sale of derivatives and exchange traded notes (ETNs) referencing certain types of cryptoassets. The FCA considers these products are ill-suited to retail consumers who cannot…
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Retail forex broker FXCM (NYSE:FXCM) today announced the introduction of foreign exchange baskets to its retail customers. A foreign exchange or forex basket is comprised of a mix of several currencies, each initially starting with the same equivalent value. Traders will be able to buy or sell a base currency, e.g. USD, against a basket…
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Whoa, Mark Zuckerberg! The bloom is off the Libra rose! After weeks of hype and never-ending worldwide acclaim, the reality of promoting an independent, global cross-border payment system utilizing cryptos and blockchain technology just came home to roost. Not everyone, especially those in the U.S. government, is wildly enamored with the intriguing Facebook proposal. Democrats…
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