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 Schwarz Gehard. Schwarz Gehard 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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It has now been nearly a year since ESMA (in its infinite wisdom) ruling on leverage came into effect - and its been very harsh on many of us brokers, as well as traders. The logic behind why ESMA did this is fair, there was too much risk in the market from both the broker…
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Litecoin has seen a huge surge in the last 48 hours. As has Bitcoin and other cryptos to a lesser extent. The word on the street is that Litecoin could continue its forward momentum until the halving in months to come, however one thing we do know is volatility is the games maker of trading.…
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Over the past two years, the SEC has been presented with over a dozen applications for a Bitcoin Exchange-traded Fund (ETF), but it has chosen in each instance to dismiss the bid, since they felt “uncomfortable”. Many of the issues cited are being dealt with today by industry participants and interested institutional players. Two new…
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Based in Norway, Fenixera is a global debt recovery service platform that protects people from having to write-off international debt. The company essentially makes it easier for someone to maintain a good credit score by managing accounts, collecting invoices, etc. The software used by Fenixera allows users to check people's payment and credit history (which…
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Coinbase just revealed a new $255 million-insurance arrangement for its clients. In a blog post made by the company, the Vice President of Security, Philip Martin, announced that hot wallets (online assets that are “vulnerable” to hacks) have been insured for an amount of up to $255 million. This means that all digital coins stored…
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PayPal has been getting up to speed with blockchain lately. The online payments giant has officially made its first investment in the blockchain “world”. The company has joined the Series A funding of a blockchain-based company that helps its clients (namely financial institutions and different corporations) with managing sensitive data – all through blockchain. According…
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Aviva Ventures and Sesame Bankhall Group (SGB) have partnered to create a blockchain-based protection platform, called Acre Software. The startup is backed by £5 million in seed funding from the two companies. Acre is actually a new generation insurance and mortgage platform that has been supported by Aviva and Sesame with the goal of revolutionizing the mortgage market.…
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Online gaming and financial trading giant Playtech PLC (LON:PTEC) has made the first purchases of its own shares in the open market back in 2016, following its announcement that the company will buy back up to €50 million (USD $54 million) of its own shares. On 04 March 2019 the company purchased a total of 239,482…
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Multibank FX aggregation service FXSpotStream started 2019 with a record - January 2019 was FXSpotStream’s best month ever at $38.37 billion ADV - and by a wide margin. ADV volumes came at $34,835 in February, down 9.2% MoM, but up 21% YoY. With 21 trading days in March, ADV was $37,755 - up 8.4% MoM and…
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