The global payments provider Paysafe Group Plc (LON:PAYS) has just informed the public that it has teamed up with Visa (NYSE:V), confirming its status as a Principal Member of the card scheme. Paysafe will now be authorised to issue Visa prepaid cards to businesses and consumers in Europe. Paysafe research shows that 10% of consumers…
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Brokerage services provider Luminex Trading & Analytics LLC has announced the launch of “Luminex 2.0”. The enhancements represent a significant upgrade to the platform. The new user interface for its buy side-only trading venue enables traders to customize their workspace with more than 50 performance, cost and execution data points. Luminex is as much a community as…
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Australian regulator ASIC has just announced that it has cancelled the Australian financial services (AFS) license of Sydney-based Jade Capital Partners Pty Ltd. The regulator has also banned one of the company's directors, James Clinnick, from providing financial services for a period of four years. ASIC uncovered a non-compliance with financial services laws at Jade…
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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 Chesterfield Credit Union. Chesterfield Credit Union is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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What happens when a crypto exchange has weak security protocols, the tokens of an ICO startup go missing, a heist of $170 million takes place, and then everyone starts pointing fingers and blaming everyone else for the transgression? Matters like these usually end up in a court of law. The news today from a bankruptcy…
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2018 was definitely the year of cryptocurrency thefts and cybercrimes. According to a report from CipherTrace, a US cyber security company, the thefts in 2018 increased by the staggering 400%, to the jaw-dropping amount of $1.7 billion. Of the total $1.7 billion, $950 million come from cryptocurrency exchange thefts and wallets. The total amount of…
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WBTC (Wrapped Bitcoin) has officially launched on Ethereum as an ERC20 token fully backed by Bitcoin. The new token is a joint initiative by BitGo, Kyber Network, Ren (formerly Republic Protocol), and other community partners. Its aim is to bring Bitcoin’s liquidity to the decentralized ecosystem on Ethereum and enhance all decentralized applications (DApps). It…
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Cracks in the crypto infrastructure are beginning to appear, as the ravages of Crypto Winter take their full toll. For the past few months, the financial press has been filled with headlines related to crypto miners departing the scene. Miners are sometimes called the backbone of the crypto ecosphere. Operations can range from small to…
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Yikes! The sky is falling again… or is it? It seems that, every time Bitcoin and its altcoin brethren stumble a bit, the end of the world is near at hand. Yes, BTC dropped from $3,550 to $3,357, a 5.5% fall, in a matter of hours, dragging other token values along with it, as the…
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Broadridge Financial Solutions, Inc. (NYSE:BR) has informed the public that the Financial Services Institute (FSI) has elected Chris Perry, Broadridge’s corporate senior vice president and president of Global Sales, Marketing and Client Solutions, to its Board of Directors. We are pleased to welcome Chris to our Board of Directors. He has a deep understanding of…
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