Crypto ICOs showing a comeback, after major drop off in 2018
April 11, 2019 BY Valentina Kirilova

SEC clarifies guidelines for classifying an ICO as an investment contract

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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regulations
April 10, 2019 BY Mariela Naydenova

Bittrex Exchange's BitLicense application rejected by New York

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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CLS Group trading volumes
April 10, 2019 BY Valentina Kirilova

CLS Group average daily traded volume up 8% MoM in March

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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Daily Market analysis
April 10, 2019 BY Valentina Kirilova

Market commentary: The Pound remains within a tight range

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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Dash cryptocurrency listed on Jinance Exchange
April 10, 2019 BY Valentina Kirilova

Dash cryptocurrency listed on Jinance Exchange

Payments and e-commerce crypto Dash has just been listed on the Australian-based exchange, Jinance (formally known as String Exchange). The integration features the first AUD-Dash trading pair and in addition to this it incorporates Dash’s InstantSend technology, enabling fast and seamless transactions. Just several days ago, Dash reported another partnership, integrating with Daexs, one of…

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FlexTrade integrates MSCI Risk and Factor Analysis
April 10, 2019 BY Valentina Kirilova

FlexTrade joins FDC3 and teams up with OpenFin

Multi-asset execution and order management systems company FlexTrade has just announced that it has teamed up with the operating system (OS) of finance OpenFin. The partnership will improve workflow management for buy-side traders using FlexTrade’s execution management system FlexTRADER and its cloud-based trading system FlexNOW. FlexTRADER has operated an open architecture model for many years, ensuring…

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DFSA
April 10, 2019 BY Valentina Kirilova

Standard Chartered Bank fined £102.2 million for poor AML controls

The Financial Conduct Authority (FCA) has announced yesterday that it has fined Standard Chartered Bank £102,163,200 for Anti-Money Laundering (AML) breaches. This is the second financial penalty for AML controls failings in less than 5 moths imposed by the regulator. In December 2018, the FCA fined the former Chief Executive Officer of Sonali Bank (UK)…

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