Virtu to maintain the separate legal identities of ITG’s client-facing broker dealers LeapRate

January 25, 2019 BY Valentina Kirilova

Virtu to maintain the separate legal identities of ITG’s client-facing broker dealers

Virtu Financial, Inc. (NASDAQ:VIRT) has entered into a definitive agreement to acquire Investment Technology Group, Inc. (NYSE:ITG) back in September 2018. The company has agreed to acquire ITG in a cash transaction valued at $30.30 per ITG share. September 2018 was definitely a good month for the company, as it has prepaid another $74 million…

Bankenverband,cryptocurrency,digital currency

January 25, 2019 BY Valentina Kirilova

Is cryptocurrency “too small” for regulation? Experts commentary

Many of the speakers at this year's World Economic Forum in Davos, including Kenneth Rogoff, Professor of Economics at Harvard University, have claimed that crypto is “too small” for regulation. Kenneth Rogoff stated: I’ve spoken to the regulators and they very candidly say, ‘Well, there isn't really that much value going on in the [cryptocurrency]…

January 25, 2019 BY Valentina Kirilova

Monetary Authority of Singapore freezes securities token offering for regulatory breach

The Monetary Authority of Singapore (MAS) has today announced that it has stopped an ICO issuer from proceeding with its securities token offering in Singapore. Initial Coin Offerings (ICOs) have raised over $10 billion over the past two years, but reports indicate that nearly 80% of these fledgling startups will fail, either due to poor business planning, incompetent…

January 25, 2019 BY Valentina Kirilova

MFSA issues warning against Bitcoin Revolution cryptocurrency scam company

The Malta Financial Services Authority (MFSA) has just informed that it has become aware of an entity calling itself Bitcoin Revolution. Bitcoin Revolution is operating via the website https://the-bitcoin-revolution.org/, as well as several other websites. The company links its website to local personalities without their consent, falsely claiming they made profits via Bitcoin Revolution's website.…

The world’s largest crypto IPO postponed

January 25, 2019 BY Valentina Kirilova

Is Apollo a crypto scam in the making? Online community believes it is

Initial Coin Offerings (ICOs) have raised over $10 billion over the past two years, but reports indicate that nearly 80% of these fledgling startups will fail, either due to poor business planning, incompetent management teams, or the fact that they were an outright scam to begin with, plain and simple. The prevalence of shady behavior…

January 25, 2019 BY Valentina Kirilova

TP ICAP adds David Shalders and Angela Knight to its Board Committee

Interdealer broker TP ICAP plc has announced that it has added David Shalders as Chair of the Board's Risk Committee on a permanent basis and is appointed a member of the Audit Committee with immediate effect. Leaprate reminds that JP Morgan’s Richard Berliand has recently joined TP ICAP’s Board as Chairman. Angela Knight, non-executive director and a…

January 25, 2019 BY Valentina Kirilova

FCA warns against Premier FX/ Premier Exchange firm

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 Premier FX/ Premier Exchange. Premier FX/ Premier Exchange is not authorised by the FCA but has been targeting people in the UK and is also carrying…

January 25, 2019 BY Valentina Kirilova

Secondary market for tZERO security tokens is live

tZERO, the blockchain-meets-Wall-Street subsidiary of Overstock.com, Inc. (NASDAQ:OSTK), has informed the public that secondary trading of tZERO security tokens is now live. Accredited investors can now trade tZERO security tokens with other accredited investors through a digital securities brokerage account at Dinosaur Financial Group, LLC. Dinosaur has teamed up with PRO Securities, LLC, a tZERO subsidiary,…

January 25, 2019 BY Valentina Kirilova

Coinbase crypto exchange expands custodial services in Asia market

Coinbase, based out of San Francisco and one of the most popular and trusted crypto platforms in the world, has announced that it will expand its newly developed custodial services into the Asia market. The move is seen as two-fold – to attract major institutional players in the region and to provide custodial services for…

INTL FCStone’s Carsten Hils discusses the impact the current crisis has on FX markets

January 24, 2019 BY Mariela Naydenova

MIT's new cryptocurrency Vault - 99% more efficient than Bitcoin

Bitcoin has often been taunted as too "energy-intensive" and too "data-intensive". The top ten cryptocurrencies by market cap are sometimes "accused" of the same features. The Massachusetts Institute of Technology, MIT, have now designed a cryptocurrency that is reportedly 99% more data-efficient than other cryptocurrencies. The innovative alt coin will provide a more scalable network because…