Busy week for the UK regulator - FCA has put out details of more clone firms today. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics…
Read more
ActivTrades’ Market Analysts have prepared for Leaprate their daily commentary on traditional markets for June 20, 2019. See details below: FOREX The US Dollar Index, currently just above the 96 mark, hit a 3-month low on Thursday, in the aftermath of the Fed’s previous day announcement. Most notably, the American central bank dropped the word…
Read more
Connectivity and IT infrastructure solutions provider for the financial services industry, Avelacom, announced today that it has promoted Vincent Harrison to Managing Director, Global Sales, to drive business growth and further develop Avelacom’s low latency network across the Americas, EMEA and APAC. Harrison will now be reporting directly to Aleksey Larichev, CEO of Avelacom, and…
Read more
METACO, AlgoTrader and Cysec (formerly ArcaTrust) announced that they have teamed up to offer a comprehensive, all Swiss-made crypto asset management ecosystem for financial institutions to manage the entire life-cycle of their crypto assets: from secure storage and management to automated trading and execution. Cysec's hardware security will be combined with METACO’s crypto asset storage…
Read more
Fintech software provider of financial solutions TechFinancials Inc (LON:TECH) announced earlier this week its results for the year ended 31 December 2018, and as expected, they don't look good at all. Financial Highlights Revenues of US$7.8 million (2017: US$13.4 million) a decrease of 42% Blockchain trading technology revenues of US$3.8 million (2017: US$0.24 million) increased…
Read more
The company is headed to LSE's AIM Market FCA regulated UK-based foreign exchange service provider Argentex (AIM: AGFX) announced its FY2019 revenue today as well as its intention to apply for admission of its entire issued and to be issued ordinary share capital to trading on the AIM market of the London Stock Exchange (“Admission”).…
Read more
The battle has been enjoined. The “cat-and-mouse-game” has come to a close. Global regulators have finally united behind new guidelines produced by the Financial Action Task Force (FATF) to mount a singular assault on the anonymity feature of blockchain technology and end their collective angst over all things crypto. Chainalysis, a respected crypto research firm,…
Read more
Binance, the largest crypto exchange in the world by volume and now based out of Malta, has been making waves of late in the industry, many of which are viewed as controversial, as it blazes new trails and tiptoes around regulatory challenges thrown in its path. For a firm that has appeared to go out…
Read more
Global clearing house LCH announced that Bank of China (UK) Limited, Bank of China’s UK entity, has gone live as a clearing member of LCH’s SwapClear. Bank of China is LCH's first clearing member from a Chinese banking group. The Bank will now have access to clearing of interest rate derivatives at LCH and will…
Read more
Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for June 19, 2019. The text below is an excerpt and does not contain the full analysis. One major factor of uncertainty may now be removed from financial markets, possibly paving the way for a prolonged…
Read more