When Mati Greenspan, a noted crypto analyst over at eToro, speaks, people tend to listen to what he has to say. In a recent interview on all things crypto, Mati was asked the very question that no one seems to be able to answer – When will the SEC ever approve an application for a…
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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 Dawson Roberts Advisors LLC. Dawson Roberts Advisors LLC is not authorised by the FCA but has been targeting people in the UK and is also carrying…
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The "free" stock trading app, Robinhood, has applied for a traditional banking products charter just ahead of its IPO. While the idea of trading with "zero commission" made the company popular, it was the introduction of cryptocurrencies on the Robinhood app that really helped the company skyrocket, both in terms of its valuation and popularity…
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Fear, uncertainty, and doubt, or “FUD” in crypto parlance, are powerful emotions that can cause a run on a bank, or, in the case of the beleaguered crypto exchange, Bitfinex, a run on exchange deposits. The weekend has passed since last Thursday evening’s shockwave that iFinex, Bitfinex, and Tether might have been engaged in an…
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Amazon was long rumoured to be launching some type of blockchain or crypto-related product. There were even rumours that Amazon was going to launch its very own coin. While many of these were outright wrong, or wrong for now, Amazon did open up to the technology of blockchain. In particular, Amazon Web Services (AWS) announced…
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Traiana (a CME company) has announced that it is enhancing its Credit Risk Hub tool, which provides FX prime brokers with solutions for Tri-Party Agreements and credit management. Traiana enables the sell-side to automate cross-asset risk management and pre/post trade processing. The enhanced offering means that brokers will now be able to document Tri-Party trade…
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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 30, 2019. The text below is an excerpt and does not contain the full analysis. There's an old adage in the financial markets: Sell in May and Go Away Of course, this doesn't necessarily…
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ActivTrades’ Market Analysts have provided their daily commentary on traditional markets for April 30, 2019. Gold Weak Chinese PMI data is a supportive element for gold today, even if the price is struggling to find strength to attack the resistance area placed at $1,300. We have seen a first positive signal with the rebound registered…
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The Securities and Exchange Commission (SEC) announced that it has charged a New York City man with continuing a previously charged scheme. According to the US regulator, James Siniscalchi, Chief Compliance Officer, at a firm, claiming to have special access to profitable and highly sought-after event tickets, knowingly misused investor money to benefit himself and…
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ASIC and FCA licensed Retail FX broker AETOS Capital Group have provided their daily commentary on traditional markets for April 30, 2019. EUR/USD The Euro closed 0.33% higher at $1.1185 overnight as the USD fell against a basket of currencies, slipping further from a 23-month high set late last week. Interestingly, data showed that U.S. consumer…
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