Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for December 31, 2018. Highlights include: Markets Ring in 2019: Contrary to last week’s roller coaster, this week’s markets are seeing a more relaxed side. Analysts are giving their 2019 forecasts as the year of uncertainty…
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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 Coinbrokerz. Coinbrokerz is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which require authorisation:…
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Blockchain company Huobi Group has announced that it has released the English language white paper for Huobi Chain, its first public blockchain. Just last week, Huobi DM has expanded its cryptocurrency contract trading services to include EOS. The Singapore-based cryptocurrency exchange has been granted a full Distributed Ledger Technology (DLT) license by the Gibraltar Financial Services Commission…
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The Egyptian Exchange (EGX) begins to train elite calibres of the Ministry of Foreign Affairs on the role of capital market in attracting local and foreign investment to promote economic growth. Mohamed Farid, EGX Chairman, launched the first lecture on Thursday 27th December 2018, reviewing the economic reform programme and its impact on both financial and legislative levels. EGX…
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London Stock Exchange Group plc (LSEG) has announced that it has added Professor Kathleen DeRose to the Board as an Independent Non-Executive Director, effective immediately. Donald Brydon, Chairman of London Stock Exchange Group plc, commented on the news: I am delighted to welcome Kathleen DeRose to the Board of LSEG. Kathleen brings extensive FinTech experience…
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Moscow Exchange (MOEX) has informed the public that a revised methodology for the calculation of Moscow Exchange’s indices will take effect on 21 January 2019. The Bank of Russia registered it on 21 August 2018. According to the exchange's website, the amendments intend to extend the MOEX Total Return Indices Series and rebrand the MOEX…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Pelham Capital 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 their tactics…
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The London-based fintech firm Humaniq has announced the concurrent signing of two Memoranda of Understanding (MoU) with Hope for Lives in Sierra Leone and FinTech4Good. Both are prominent US-based organizations that will be part of Humaniq’s new strategy, with the company aiming to position itself as a technology platform facilitating new blockchain-based charity solution for the developing…
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The M&A market in the cryptocurrency market was quite high in 2017, when companies were looking to get an extra edge to their portfolios by acquiring promising crypto startups. At the time, the crypto market was booming, and even cryptocurrency hedge funds emerged. While the M&A crypto frenzy has subsided since last year, when Bitcoin's…
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Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…
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