Mike Novogratz, a former Goldman Sachs banker, hedge fund manager, and now head of his own merchant bank, Galaxy Digital, is touting Bitcoin and all cryptos in general. He is now claiming that we could see a total recovery of BTC to its former glory of $20,000 in 18 months or less, or at least…
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ASIC and FCA licensed Retail FX broker AETOS Capital Group have provided their daily commentary on traditional markets for May 13, 2019. AUD/USD Australian dollar, a proxy for Chinese economic prospects, hit a high of 0.7017 after news of a positive trade compromise surfaced, however closed under 0.7000. There is still significant caution in the markets…
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Australian regulator ASIC announced earlier today that 58 Australian finance services (AFS) licensees have now had their authorisation revoked. The reason is that the companies were in breach of the law because they were also authorised representatives of other AFS licensees. According to section 916D of the Corporations Act 2001 (the Act), an AFS licensee…
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It should come as no surprise that crooks also know the benefits of outsourcing, especially when it comes to money laundering. To perform the entire operation on your own would require a multitude of phony companies, bank accounts, and the ability to transfer and deposit at will, not exactly what a common thief could build…
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LeapRate Exclusive... Global Market Index ltd (GMIUK) announced a number of changes to the management of the firm. Chris Hossain-Nelson, who had joined last summer as Global Head of Sales, is in now in the process of being appointed to the Board of Directors of GMIUK. Before joining GMIUK, Hossain-Nelson was the Global Head of…
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A new crypto-based ETF application has been filed with the SEC. This time is not about "all about" Bitcoin, though. The application has been filed by Crescent Crypto Index Services LLC. The subsidiary of Crescent Crypto Asset Management LLC envisages an ETF that tracks the performance of market cap-weighted portfolio of ether and bitcoin. With…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for May 10, 2019. The text below is an excerpt and does not contain the full analysis. Highlights include: Stocks Off the Highs Uber Day How Many Crypto? Traditional Markets Stock markets have retreated from their…
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Bitcoin prices, despite a major breach at the Binance crypto exchange, have surged 9.3% in the past few days, now hovering at $6,166. What is pushing BTC past what most thought was an impenetrable barrier, the $6,000 level? Bloomberg announced the news: “Fidelity, one of the world’s largest investment firms with almost $7 billion customer…
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Tokyo Financial Exchange (TFX) has just released its trading volumes report for the month of April 2019. Interest Rate Futures contracts The trading volume of Three-month Euroyen futures was 57,590 ( - 39.9% MoM / - 54.7% YoY ) and its average daily volume was 2,880. 項目 April 2019 Trading Volume Daily Average Change…
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Moscow Exchange (MOEX) has earlier this week released its volume report for the month of April. Total trading volume across Moscow Exchange’s markets was RUB 73.8 trln in April 2019. The growth leaders were bond (+24.3%), GCC repo (+22.2%), commodity derivatives (+18.4%) and CCP repo (+12.5%) markets. The complete report as shown on Moscow Exchange's…
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