Bitcoin is on fire again, if this weekend’s trading is any sign of things to come in the near term. Today’s trading has almost been a repeat performance, with BTC hovering over $9,000, bouncing down twice from resistance at $9,400, and now nestling in at $9,250. The sudden spurt caught most everyone off guard, but…
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The regulatory wheels of justice may move slowly, but it appears that the long arm of the law of the self-regulatory body, the Financial Industry Regulatory Authority (FINRA), got their man. Rules are rules, and Kyung Soo Kim, an ex-employee of Bank of America-owned broker-dealer Merrill Lynch, Pierce, Fenner & Smith Inc., recently met his…
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Australian regulator ASIC informed today that it has approved changes to the Australian Financial Complaints Authority (AFCA) Rules which give effect to the AFCA authorisation condition introduced by Government on 19 February 2019. The Government requires AFCA to give expanded access to the AFCA scheme for consumers and small businesses that were harmed by financial…
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Forex trading platform developer MetaQuotes announced last week that it has added several new features to its MetaTrader 5 platform. A new API has been added, especially to enable request of MetaTrader 5 terminal data through applications, using the Python high-level programming language. The API contains multiple libraries for machine learning, process automation, as well…
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ASIC and FCA licensed Retail FX broker AETOS Capital Group have provided their daily commentary on traditional markets for June 18, 2019. EURUSD The euro strengthened on Monday, closing at 1.1222(+7 pips) against the greenback. The greenback started the week advancing against most major rivals, although its strength faded as the day went by, ending it…
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Facebook has announced the launch of its Calibra wallet that is backed by the Libra Association, an independent consortium with members such as Visa, Mastercard, Stripe and Coinbase. The association will independently govern and oversee Calibra's bespoke cryptocurrency, Libra—with the digital coin imagined to further a global financial system, this historically marks the social media…
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It may be far too early in its short history to claim that Bitcoin has arrived and that its future is secure, but the fact that it depreciated 80% over eleven cruel months and that every critic known to man was claiming its imminent demise, but then picked itself up, dusted itself off, and rose…
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Binance is launching a bitcoin-pegged token for trading called BTCB. The token will be released on the native blockchain of Binance or, simply, on Binance Chain. The information comes from a blog post of the exchange. The token will be made available for trading on the decentralized part of Binance - DEX, as well as…
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Blockchain is going on new horizons, no doubt about it. The largest drug store retailer in Canada is planning to use the disrupting technology to trace the cannabis it distributes. The goal is to set some standards since the industry is flourishing. TruTrace, a Canadian software company and Shoppers Drug Mart are partnering to develop…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for June 17, 2019. The text below is an excerpt and does not contain the full analysis. Today's Highlights Bitcoin Soars Above $9k: Crypto markets are flashing green as bitcoin’s price crossed $9,000 over the weekend.…
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