Cryptocurrencies, virtual money, or digital coinage, a rose by any other name, still smells as sweet. The latest amusing sideshows of government officials not knowing how to corral the new digital age come to you from Japan and Russia. The Financial Services Agency (FSA) in Japan, the local regulator, is considering the classification of all…
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Back in October 2018, the United Arab Emirates announced its plans to make ICOs official corporate funding options and further expand its leading cryptocurrency position in the world. Reuters reported that the new regulation will come into effect some time in 2019, with ICOs legitimately "replacing" IPOs, if companies decide to do so. The major…
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The world's largest cryptocurrency exchange, Binance, has recently added Ripple as a base trading pair, said Binance CEO, Changpeng Zhao. According to a blog post from today, December 24th, the new trading pairs will be TRX/XRP (Tron) and XZC/XRP (Zcoin) on the Combined ALTS Trading Market. The so called ALTS will replace the current ETH Trading Market,…
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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 Mirex Group Ltd. Mirex Group Ltd is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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OKEx, the second-largest cryptocurrency exchange by traded volume, has recently launched a new product called Perpetual Swap, which is a virtual derivative based on BTC/USD price speculation. The mechanism behind the new derivative product is similar to the one of futures contracts. The major difference, however, is that the perpetual swap does not have daily…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for December 21, 2018. Highlights include: BCH Leads Crypto Bull Run: Crypto’s recent bull run has been headlined by Bitcoin Cash, which has risen nearly 200% since Monday. The cause of this meteoric rise is possibly…
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Moscow Exchange has announced that its indices rebranding will be completed on 21 January 2019. The exchange has already introduced the new names and codes here. MOEX Russia Index has been changed earlier this year across all Moscow Exchange data and trading systems. The new ticker – IMOEX – has replaced MICEXINDEXCF. The name of…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm DWK Financial Home. 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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Bitcoin is back once again over an all-important psychological support level of $4,000. The price of the most popular cryptocurrency dropped to its lowest point since August 2017 last month. Its price however is now slowly, but steadily, rising more than 7% yesterday alone and 33% over the last 5 days. According to some, this…
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The Autorité des marchés financiers (AMF) has announced that Philippe Sourlas, previously deputy director of the Asset Management directorate, is now Managing Director in charge of the Asset Management Directorate. Philippe Sourlas started his career at the Inspection Générale des Finances in 2006, before joining the Autorité de Contrôle des Assurances et des Mutuelles (ACAM),…
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