Marex Spectron acquires Energy Broking Ireland Limited LeapRate

January 23, 2019 BY Valentina Kirilova

Marex Spectron acquires Energy Broking Ireland Limited

Just one day after completing the acquisition of commodity trading firm CSC Commodities UK Limited (CSC) from BGC European Holdings LP, London based global commodities broker Marex Spectron announced new acquisition plans. This time the target is the Irish energy broker Energy Broking Ireland Limited (EBI). Marex Spectron has returned to FX markets with a new platform back in October 2018.…

January 23, 2019 BY Valentina Kirilova

Crypto Risk Alert: The three common mistakes that crypto investors make

Even after the meltdown in cryptocurrency values in 2018, consumer interest in tokens and all thing crypto continues to expand on all fronts and in all jurisdictions across the globe. Unfortunately, these new crypto investors often respond to the industry hype without becoming aware of the significant risks that are present. Cryptocurrencies are at the…

January 23, 2019 BY Valentina Kirilova

FCA helps firms understand whether their cryptoasset activities fall under regulation

UK financial regulator the Financial Conduct Authority (FCA) has announced that it is today consulting on guidance, which, once finalised, will set out the cryptoasset activities it regulates. With this move, the regulator aims to help firms understand whether their cryptoasset activities fall under FCA regulation. Christopher Woolard, executive director of Strategy and Competition at…

Malta Stock Exchange goes live on Deutsche Börse's T7 trading technology

January 23, 2019 BY Valentina Kirilova

Malta’s Crypto Plan succeeds – Leads world with $40 billion crypto volume

The tiny Republic of Malta, in a fashion reminiscent of the old movie “The Mouse that Roared”, has suddenly become the “crypto-hub of the world”, as it promised it would be in mid-2018. According to MarketWatch and the December exchange report prepared by CryptoCompare: Malta is home to more than twice that amount of crypto…

FinTech company TigerWit receives Hong Kong SFC licence

January 23, 2019 BY Valentina Kirilova

TigerWit's total revenue up 96% YoY in 2018

TigerWit Limited, the UK-headquartered global financial technology company, has just announced its volumes report for 2018, releasing a significant YoY growth figures. Highlights include: Client opening trade numbers rose by 68% YoY in 2018, and As at Year End clients’ balances were up 38%; TigerWit’s total revenue in 2018 was $19.6m - up 96% YoY…

January 23, 2019 BY Valentina Kirilova

South Korea jails crypto execs for wash trading and volume fraud

For the first time, a judge in South Korea has stepped forward and handed out sentences to two crypto executives for falsifying exchange volume reports and profiting from internal wash trades. The two executives hail from the Komid exchange in South Korea, although one individual is also the CEO of fledgling coin system by the…

Social crypto trading platform Blockport to launch STO in March

January 23, 2019 BY Valentina Kirilova

Blockport launches trading platform, integrates with mobile banking app Bunq

Blockport, the European social crypto trading platform, kicks off 2019 by moving out of the beta version of its exchange. User funds will be stored on the blockchain and most leading cryptocurrencies and tokens will be available for trading on the exchange. Over the past several months, our team has worked incredibly hard to get…

January 23, 2019 BY Valentina Kirilova

FCA warns against Swiss Capital Invest Holding Ltd clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Swiss Capital Invest Holding Ltd. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of…

If Russia ends its ‘Love-Hate’ of cryptos, can it be the ‘King of Blockchain’?

January 23, 2019 BY Valentina Kirilova

Russia’s love-hate relationship with cryptocurrencies takes another turn

Bitcoin zealots and enthusiasts were jumping for joy last week when a Russian economist, a Professor Ginko, who works closely with the government, announced that Russia would soon be buying bitcoin. Before the professor could take a breath, the news went viral. He also noted that purchases could occur as soon as February of this…

Daily Market News: 10 Years Market Challenge

January 22, 2019 BY Valentina Kirilova

Daily Market News: 10 year challenge - markets and crypto edition

Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for January 22, 2019. Highlights include: Rising Inequality a Backdrop at Davos: The annual forum in Davos is a meeting of the world’s wealthiest to try to solve inequality, a problem that has risen following the…