The Singapore-based B2B global payments platform for emerging markets Thunes, announced that it has added KB Teo to its team as its new Chief Financial Officer (CFO), effective immediately. LeapRate reminds that back in February, TransferTo revealed a complete rebrand creating two separate companies - Thunes and DT One. Teo has more than 25 years…
Read more
Bitcoin catapulted ahead in weekend trading, blasting through $10,000, as if there were no such thing as a psychological barrier or even formidable resistance. Then, in order to add the cherry to the top of this sundae or Sunday, whichever you prefer, cryptos’ omnipresent leader vaulted forward, crossing the $11,000 sound barrier, not once, but…
Read more
Australian regulator ASIC announced earlier today that IT consultant Steven Oakes has been sentenced to a total effective sentence of 3 years imprisonment. He will, however, be released after serving 18 months of the term of imprisonment, on his own recognisance to be of good behaviour for 18 months. The hacker was pleading guilty to…
Read more
Crypto currencies suddenly became front-page news over the past few weeks, due entirely to the “Big Reveal” of Facebook and its proprietary “Project Libra”. The degree of hype that this one storyline has received has not been witnessed during the decade-long history of the crypto world. If awareness leads to acceptance and then full adoption…
Read more
Malta is one of those countries that are very pro-blockchain and pro-crypto. As Leaprate reported back in January 2019, Malta was home to more than twice that amount of crypto exchange trading than the U.S at that time. Malta led the cryptocurrency trading craze with $40 billion in trading volume back in early 2019. Now,…
Read more
Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for June 24, 2019. The text below is an excerpt and does not contain the full analysis. A strong breakout above $10,000 over the weekend shows us just how hot bitcoin is at the moment. We'll…
Read more
Commonwealth Bank of Australia (CBA), ABN Amro, London Forfaiting Company, Crown Agents Bank and Natixis have joined the Trade Finance Distribution Initiative (TFD Initiative) as members. The TFD Initiative is an industry-wide drive to use technology and standardisation for the wider distribution of trade finance assets. The project launched earlier this year, attracting number of…
Read more
Refinitiv, formerly the Financial and Risk business of information giant Thomson Reuters (NYSE:TRI), announced that activity on the company’s foreign exchange platforms has reached new highs in 2019. Regional market participants across the buy-side and sell-side benefit from Refinitiv’s comprehensive offering, from dealer-to-client trading on FXall, to interdealer trading on Matching. The company has earlier this…
Read more
FCA regulated online CFDs broker Plus500 Ltd (LON:PLUS) has announced that it has just added WhatsApp to its range of communication channels. The broker is the first derivatives firm to offer full customer support across desktop and mobile devices via WhatsApp 24/7. Currently offered in English and other selected European languages, WhatsApp joins Plus500’s existing…
Read more
ActivTrades’ Market Analysts have prepared for Leaprate their daily commentary on traditional markets for June 24, 2019. See details below: FOREX The US Dollar continues to devalue as the prospects of an interest rates cut by the Fed, as early as in July, sink in. Currently trading at a 3-month low against the Euro, just…
Read more