ASIC office
January 17, 2019 BY Valentina Kirilova

Advanced Wealth Financial Services charged with providing unauthorized financial services

Australian regulator ASIC has just announced that it has charged Richard Gardner, a credit representative and former financial adviser, and Advanced Wealth Financial Services Pty Ltd with unauthorized financial services offering. The company and Gardner are carrying on a financial services business without being authorized or licensed to do so. Advanced Wealth Financial Services is…

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January 16, 2019 BY Mariela Naydenova

The dynamic trio – Ford, Congo and Blockchain

Ford is going to implement blockchain to keep record of cobalt suppliers in the Democratic Republic of Congo, as reported by Telegraph. Cobalt is the major metal used for the construction of batteries for electric vehicles. The proper quantity of metal supplied will be traced by a blockchain pilot program, launched by Ford, LG Chem,…

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January 16, 2019 BY Mariela Naydenova

Bittrex adds OTC trading desk with 200 alt coins

One of the top cryptocurrency exchanges in the world, Bittrex, has recently rolled out an OTC trading desk with 200 cryptocurrencies. This means that the execution of block transactions will be possible for various fiat/crypto pairs. The cryptocurrencies that will be supported with the new service are all offered by Bittrex. According to the exchange,…

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fca warning
January 16, 2019 BY Valentina Kirilova

FCA warns against Hildebrand Capital Partners

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 Hildebrand Capital Partners. Hildebrand Capital Partners is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

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Daily Market analysis
January 16, 2019 BY Valentina Kirilova

Daily Market News: Ethereum upgrade delay

Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for January 16, 2019. Highlights include: Bitcoin Futures Market: The contracts for bitcoin futures are currently in backwardation, but given their low trading volume, this may not be significant. Global Economic Reliance on Debt: The Institute…

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TechFinancials sells its holding in MarketFinancials to Proverial Ltd
January 16, 2019 BY Valentina Kirilova

TechFinancials sells its holding in MarketFinancials to Proverial Ltd

Binary options technology and brokerage company TechFinancials Inc (LON:TECH) has announced that it has entered into legally binding, conditional Share Purchase Agreement (SPA) with the Cyprus incorporated company Proverial Ltd. The SPA is conditional inter alia on the consent of the SFSA which is to be received by no later than 30 June 2019. TechFinancials has informed that…

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ASIC imposes additional conditions on Kaz Capital's AFS license
January 16, 2019 BY Valentina Kirilova

ASIC imposes additional conditions on Kaz Capital's AFS license

Australian regulator ASIC has just announced that it has imposed additional conditions on the Australian Financial Services (AFS) license of the company Kaz Capital Pty Ltd (Kaz). The additional conditions require the appointment of an independent expert, who will review the company's compliance framework, provide recommendations for remediation, and report to both ASIC and Kaz in June…

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