The beleaguered Japanese crypto exchange, Bitpoint, is beginning to reveal details of its recent compromise that occurred on July 12th of this month. It was originally reported that $32 million had disappeared from “Hot Wallets” at the exchange, but this figure has been reduced to $28 milliion. $19 million related to customer accounts, and $9…
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As Russian government officials continue to debate the efficacy of cryptocurrencies and blockchain technology, industry observers are curious as to why there has not been a major push to lead in this arena. Observers have noted that Russia is definitely a “global powerhouse for development talent and business acumen in the blockchain space”, but, unlike…
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LeapRate Exclusive... Asset management technology provider Tradesocio just announced that it has completed API integration with bridge and liquidity aggregation providers PrimeXM and oneZero. The completion of these integrations will allow any financial institutions such as Liquidity providers, Brokerage Houses and Asset Management companies that already partner with PrimeXM and oneZero to easily adopt Tradesocio’s…
Read moreThe Securities and Exchange Commission (SEC) has yesterday informed the public that it has charged AR Capital LLC, its founder Nicholas S. Schorsch, and its former CFO Brian Block with wrongfully obtaining millions of dollars in connection with two separate mergers between real estate investment trusts (REITs) that were sponsored and externally managed by AR…
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It's been quite a busy week for the UK Financial Conduct Authority (FCA), as it has put out details of two more clone firms today. The newest clone names are Globality Wealth and The Money Supermarket. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work…
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FCA-regulated FX broker and part of LMAX Exchange Group, LMAX Global, has just announced that CySEC has formally approved its application for a purchase of Cyprus-regulated broker CB Capital Business ltd. Once complete, the deal will allow LMAX Global to build out and better serve its Southern European, Cypriot and Middle Eastern institutional and intermediary…
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ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for July 17, 2019. See details below: FOREX The Pound hit a two-and-a-half-year low against the US Dollar and is currently trading below $1.2390. Sterling weakness, to some extent, results from seasonal factors, as it tends to happen during the British summer,…
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Union Bank of the Philippines has announced that it has adopted Refinitiv's Electronic Trading (ET) solution in order to power its business in the Philippines and strengthen its presence in both the local and international foreign exchange markets. ET is accessible via FXT and over 300 financial institutions across 80 countries globally are already benefiting…
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Mauritius financial regulator the Financial Services Commission (FSC) has announced that an entity in the name of Blackcore Ltd is operating an online trading platform via the website https://blackcorerb.com/ and is claiming to be purportedly registered in Mauritius with licence number BL 713685. It is also noted from another website (https://invertirenacciones.net/black-core-en-panama-unbroker-confiable/) that Blackcore Ltd is…
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The Federal Reserve Board on Tuesday announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by Chemical Financial Corporation, Detroit, Michigan, to acquire TCF Financial Corporation, Wayzata, Minnesota, and thereby indirectly acquire its subsidiary bank, TCF National Bank, Sioux Falls, South Dakota. Following the proposed acquisition, Chemical’s…
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