Admission of managed funds with internal market makers put on pause by ASIC LeapRate

July 30, 2019 BY Valentina Kirilova

Admission of managed funds with internal market makers put on pause by ASIC

Australian regulator ASIC has requested earlier today that exchange market operators do not admit any managed funds that do not disclose their portfolio holdings daily. Operators should also have internal market makers while it undertakes a review during the remainder of this calendar year. What is Internal market making? Internal market making occurs when a…

July 30, 2019 BY Valentina Kirilova

Bitcoin withstands worrisome weekend trading – Ranging about $9,500

Bitcoin struggled through worrisome weekend trading, continuing its slow and gradual descent from yearly highs, but finding support around $9,500. For one brief moment, bears mounted a solid attack that drove BTC prices down to $9,110, but buyers quickly stepped in to boost it back to its current level of support. If you do the…

July 29, 2019 BY Valentina Kirilova

London Stock Exchange Group to acquire Thomson Reuters' Refinitiv?

Information giant Thomson Reuters (NYSE:TRI) has confirmed last Friday that it and private equity funds affiliated with Blackstone are in discussions related to a possible acquisition of Refinitiv by the London Stock Exchange Group plc (LSEG). According to latest news, LSEG will acquire Refinitiv for a total enterprise value of approximately US$27 billion. New LSEG…

The Crypto Taxman is coming – Are you ready for him?

July 29, 2019 BY Mariela Naydenova

IRS warns crypto investors: stiff punishment if you don't pay taxes

The Internal Revenue Service (IRS) has began sending out letters to crypto holders to "advise" them to pay taxes, otherwise the IRS will follow up with stiff punishments to the tax dodgers. According to The Guardian, the IRS has sent more than 10,000 letters to cryptocurrency investors warning them that they will be "punished" if…

July 29, 2019 BY Valentina Kirilova

UK FCA starts the week with more unauthorized firms warnings

The UK Financial Conduct Authority (FCA) has started the week by putting out details of several unauthorized firms. These companies are using the details of FCA authorised firms, trying to convince people that they work for a genuine, authorised firm. The following details have been given as part of scam tactics: Fidelity International (clone of…

Bankenverband,cryptocurrency,digital currency

July 29, 2019 BY Mariela Naydenova

Bitcoin mining becomes an official industry in Iran

The entire world, it seems, is concerned about the economic and environmental cost of mining bitcoin. Back in June 2019, Leaprate reported several news articles about the huge carbon imprint that bitcoin mining leaves: ....bitcoin mining caused around 23 millions tons of carbon dioxide – an amount similar to the one in major cities or…

July 29, 2019 BY Valentina Kirilova

Daily Market News: Central Bank week

Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for July 29, 2019. The text below is an excerpt and does not contain the full analysis. The stable coin known as Tether has been under investigation for quite some time and now they will have…

July 29, 2019 BY Valentina Kirilova

ACY Securities appoints Justin Pooni as Head of Marketing & Communications

ASIC Regulated Australia-based multi-asset trading provider, ACY Securities, have just announced that they have appointed Justin Pooni, a financial markets marketing and branding expert, as their new Head of Marketing & Communications. Justin Pooni will be in charge of the firm’s strategic positioning, communications and digital strategy. Pooni has over 11 years’ experience in developing…

July 29, 2019 BY Valentina Kirilova

Daily market commentary: European markets open mixed on Monday

ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for July 29, 2019. See details below: EUROPEAN SHARES European markets opened mixed following a decline in Asia overnight, as investors brace for what is going to be a very busy trading week. The focus will be on the U.S.-China trade talks…

July 29, 2019 BY Valentina Kirilova

LMAX Exchange Group announces record interim results 2019

The independent operator of institutional exchanges for electronic FX trading and crypto currencies, LMAX Exchange Group, just reported excellent growth and record financial performance for the six months to 30th June 2019. Interim Results 2019 - financial highlights: Gross Profit of US$25.8m, up 27% from H1 2018 Statutory EBITDA of US$11.3m, up 50% from H1 2018…