Australian regulator ASIC has announced earlier today that it has decided to cancel the AFS licences of the following two companies - CWS Mortgage Ltd and Australian Mutual Holdings Limited. CWS operated the CWS Mortgage Fund ARSN 094 313 096 (Fund), a registered managed investment scheme and the licence cancellation took effect on 26 June…
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The Financial Markets Authority (FMA) has recently added few more companies to its list of unregulated firms. The newest additions are Skyway Capital/Skyway Group and MBI International/MFC Club. Skyway Capital/Skyway Group Trading name: Skyway Capital Associated entities: SkyWay Investment Group, RSW Investment Group Ltd Address: 10 Great Russell Street, London, United Kingdom WC18 3BQ. Phone:…
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Representative Maxine Waters, a Democratic Congresswoman from California, takes her job seriously as the chair of the House Financial Services Committee. During a grilling session of Fed Chairman Jerome Powell, which happens twice a year, she made it known that she is on personal crusade against Facebook's blockchain token Libra. In a hearing that was…
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Once more unto the breach, dear friends, once more… Bitcoin tried valiantly for a second time in 30 days to breach the $13,000 “wall”, but, unfortunately, was pushed back down below $12,000. Resistance has thickened on these ramparts on the way to a new All-Time-High, but the market leader has definitely been persistent. Volatile swings…
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There are probably 100 reasons why a cryptocurrency exchange may shut down, the most probable one is usually a serious hack or weak "link" somewhere. Another reason is simply stolen funds. However, the Polish crypto exchange Bitmarket has shut down because of lack of liquidity. The exchange started operating in 2014. It has just announced…
Read moreA Bitcoin ETF may not be on its way, but this does not mean that the SEC is not working towards accepting the ever-growing crypto/blockchain space. This time, a very major "first" is now a reality. According to a report from The Wall Street Journal, the SEC has granted an approval for a $28 million…
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Payments services and technologies provider SafeCharge International Group Ltd (LON:SCH) has announced that it has teamed up with Visa Direct, Visa (NYSE:V)’s real-time push payments platform.The partnership has been made in order to help power faster payouts for insurance-as-a-service company Setoo. Visa Direct is a real-time push payments platform that allows for funds delivery directly…
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The Cyprus Securities and Exchange Commission (CySEC) announces that, on 27th May 2019, the Company Providing Administrative Services Z. Holender Cyprus Office Ltd waived its authorisation pursuant to section 16(1) of the Law Regulating Companies Providing Administrative Services and Related Matters of 2012, as in force (the ‘Law’). The Company’s authorisation with Νumber 138/196, which…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for July 11, 2019. The text below is an excerpt and does not contain the full analysis. As was widely expected, the Federal Reserve came out in strong support of the financial markets yesterday. What wasn't…
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The following article is courtesy of Nikolas Papas, Market Strategist, InvestingCube.com and ATFX. Netflix (NASDAQ: NFLX) focus has turned to international expansion as the fast-growing company is looking for new clients. Netflix is working on projects across many countries such as Italy, Mexico, Brazil, Spain, Germany, France, and Turkey. It also has a strong portfolio…
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