FCA warns against Safemarkets a trading style of Optimumcommerce OU LeapRate

January 04, 2019 BY Valentina Kirilova

FCA warns against Safemarkets a trading style of Optimumcommerce OU

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 Safemarkets. Safemarkets is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which require authorisation:…

January 04, 2019 BY Valentina Kirilova

Republic of Abkhazia cuts power to 15 miners – What is going on here?

Occasionally small headlines that seem insignificant actually reveal much larger insights into what might be transpiring behind the scenes. Such may be the case after the government of a small country like Abkhazia pulled the plug on fifteen mining operations within their borders. This event, while apparently isolated, is indicative of growing pains within the…

January 04, 2019 BY Valentina Kirilova

Eurex Exchange number of traded contracts up 23% YoY in December

After announcing a successful year for its Cash market, Deutsche Börse has released December volumes for its Eurex stock exchange. It's been a successful month for Eurex, as the number of traded contracts were up 23%, reaching 174.6 million traded contracts compared to 142.4 million in 2017. European equity index derivatives increased by 38% from 69.8…

January 04, 2019 BY Valentina Kirilova

10th birthday of bitcoin genesis block: Expert commentary

Ten years ago on January 3, an anonymous figure dubbed Satoshi Nakamoto “mined”, or verified, the first block of transactions on the Bitcoin network. In the decade that followed, Bitcoin would face a litany of organized attacks, the price of the currency would collapse 4 times by upwards of 70%, and it would be subjected…

January 04, 2019 BY Valentina Kirilova

Crypto hacking losses exceeded $1 billion for 2018 – How did they do it?

Another day, another report of a hacking loss in the crypto world. Hacking compromises of crypto exchanges have become all too common, even in 2018 after the network has had some time to work through necessary security enhancements. A new report from Cyphertrace claims that “some $927 million had been stolen from cryptocurrency exchanges in…

January 03, 2019 BY Mariela Naydenova

One of the world's most famous video games gives Monero "exclusivity"

Fortnite is a popular online game that was released in 2017 and developed by Epic Games. It has garnered significant interest from gamers because of its high quality interface and overall appeal. Now, the merchandise store for the game has made Monero its exclusive cryptocurrency payment. The announcement was made on January 1, 2019. The…

DriveWealth and Vested Finance launch digital U.S. equities investment product in India

January 03, 2019 BY Mariela Naydenova

New York creates a cryptocurrency task force

While the US State of Ohio may have become the first US state to accept cryptocurrencies for tax payments, New York is the first state to form a special cryptocurrency task force that will study how to define, user and regulate digital coins in the most suitable way. New York State Governor, Mr. Andrew Cuomo,…

January 03, 2019 BY Valentina Kirilova

Japan’s FSA dealing with 190 applications for crypto exchanges

The Financial Services Agency (FSA), Japan’s regulatory watchdog, like many other oversight agencies around the world, is doing its level best to deal with digital currencies in an accommodative way without stifling innovation. The job is going to get tougher. According to an unnamed FSA staff member, the regulatory agency has received 190 cryptocurrency exchange…

January 03, 2019 BY Valentina Kirilova

Daily Market News: Apple stocks drop 7%

Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for January 3, 2019. Highlights include: Apple Stock (NASDAQ:AAPL), Currencies Tank: Apple stocks fell 7% yesterday and are expected to open much lower today. This jeopardizes the entire market, as almost every investor in the world…

France enters the blockchain ‘arms race’ with largest European incubator

January 03, 2019 BY Valentina Kirilova

Chubb European Group moves to France in preparation for Brexit

Chubb European Group has just announced that it has moved its whole business from London to France, effective January 1, 2019. The company's decision was approved by regulators last year and it provides Chubb's clients with uninterrupted service regardless of the outcome of Brexit negotiations between the UK and the European Union. David Furby, Regional…