UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company Tasbir Singh. Tasbir Singh is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
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Integral has announced that Arab Bank (Switzerland) Ltd. has deployed a trading app built on the Integral BankFX Platform to expand mobile trading services to their institutional and corporate customers. Arab Bank is a trusted partner to established businesses with strong ties in the MENA region and is providing a powerful, end-to-end FX solution to its…
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Cobalt, the foreign exchange (FX) infrastructure based on shared ledger and high performance technology, has just announced that it has appointed Stephen Wolff as a Strategic Advisor to support its global growth strategy. Wolff has served on the board of numerous financial market technology and infrastructure companies including R3, Tradeweb and ClearCourse Partnership. He also…
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It is a fact of life that various arms of a government very rarely act in a coordinated fashion, especially when it comes to financial matters and innovation. The economy and general public tend to be the victims when the system appears in such disarray. It is no wonder then that the crypto revolution has…
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The sudden breakout in Bitcoin prices last week, the highest since early December, have seen analysts rallying behind the positive climb, with many viewing the bounce as the long-awaited return to an impending bull run. The rise is not solely reserved for Bitcoin as alt coins too take a leap forward, Messari reports. While the…
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Crypto attorneys that support Initial Coin Offering (ICO) promoters in the United States have been requesting for some time more clarification from the SEC on how it interprets current securities legislation to determine whether or not an ICO qualifies as an “investment contract”, thereby necessitating formal registration and investor disclosure requirements under the law. At…
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The US-based Bittrex cryptocurrency exchange got its BitLicense application rejected by the New York Department of Financial Services on April 10th, 2019. The New York Department of Financial Services (NYDFS) published a letter in which they explain the multiple reasons why the application of Bittrex was rejected, stating: Based on the Department's extensive review of…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for April 10, 2019. The text below is an excerpt and does not contain the full analysis. Highlights include: Token Taxonomy Act Underwhelms: A crypto-friendly bill has been reintroduced to Congress, but the new version does…
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CLS Group, the market infrastructure provider of risk mitigation services to the global FX market, has published its operating metrics for the month of March 2019. The average daily traded volume submitted to CLS was USD1.86 trillion up 8% from USD1.73 trillion in February 2019. CLS Group has recently reported its annual volumes and shared…
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ActivTrades’ Market Analysts have provided their daily commentary on traditional markets for April 10, 2019. Forex/Brexit The Pound remains within a tight range, currently trading around $1.30. Despite overnight reports pointing to EU intentions to offer the UK an extension to article 50, that could last for up to a year, the Pound barely moved.…
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