The IRS has already sent a letter of warning to cryptocurrency investors to properly claim their "digital assets" and pay the respective taxes. Now, only after a few months after the first warning, the second one is in. This time, however, the letter is received by some crypto investors whose federal tax returns do not…
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eToro UK markets analyst, Adam Vettese, has provided his daily commentary on traditional and crypto markets for August 16, 2019. The text below is an excerpt and does not contain the full analysis. Hi Everyone I’m Adam. As Mati mentioned yesterday I will be taking over the ‘daily’ while he is on vacation. I am…
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Belize financial regulator IFSC has just issued a Warning Notice regarding a company called Gann Markets Corp. The new entity is a Belize Company incorporated under the International Business Companies Act (IBC), Chapter 270 of the Laws of Belize. According to the regulator, Gann Markets Corp. is NOT authorised to hold itself out as providing…
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UK financial regulator Financial Conduct Authority (FCA) has issued some more warnings this week, this time against several unregulated financial services providers targeting UK consumers. The FCA’s latest warnings are against the companies Citi Finances, Mango Capital, and Smart Loans. The companies are not authorized by the FCA but have been targeting people in the…
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Financial markets are in turmoil. The forever feared interest rate inversion has occurred. When 10-year Treasury yields drop below those for 2-year Treasuries, it is an alarm that a recession is on the way, perhaps, within the next 12 months. This indicator is our most trusted and accurate one for predicting recessions, having been on…
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ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for August 16, 2019. See details below: FOREX Following 3 consecutive days of losses, the Euro is once again down during early Friday trading, by about 0.16% against the US Dollar. The single currency broke the $1.11 level and the risk is…
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The UK Financial Conduct Authority (FCA) has put out details of several clone firms today. The names of the clone companies are Retirement Planning and Global Reclaim. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or…
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The Dutch Authority for the Financial Markets (AFM) announced earlier today that it has signed a Memorandum of Understanding on Mutual Recognition of Funds (MoU) with the Hong Kong Securities and Futures Commission (SFC). Dutch Undertakings for Collective Investment in Transferable Securities (UCITS) and Hong Kong Collective Investment Schemes (CIS) will now be available for…
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The Bears cometh, and the Bears taketh away, from not only equities across the board, but also from Bitcoin and its altcoin brethren, as fears of an impending recession overly sway investor sentiments. That large sucking noise that you hear is the globe’s financial market being drawn into a “Black Hole” of frantic selling. Stocks…
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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 15, 2019. The text below is an excerpt and does not contain the full analysis. Hi Everyone, Traditional markets have continued to seek shelter as stocks plunge and bond yields reach ever lower. Gold…
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