The Commodity Futures Trading Commission (CFTC) has just announced that Phaetra Capital GP LLC, Phaetra Capital Management LP, and Argenta Group LLC have been find more than $23 million for defrauding investors. The complete announcement reads as follows: The Commodity Futures Trading Commission (CFTC) announced today that on December 3, a federal court in New York…
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CertiK, the formal verification platform for smart contracts and blockchain audits, has added two new executives to its team. Daryl Hok will be the new Executive Vice President and Chief Operating Officer, and Yvan Nasr steps in as Head of Business Development and Partnerships. CertiK has recently expanded its headquarters in New York City. Commenting…
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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 Maplewalk t/a Prime Crypto. Maplewalk t/a Prime Crypto is not authorised by the FCA but has been targeting people in the UK and is also carrying…
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Pan European regulator ESMA has decided to extend its CFD and Forex leverage cap (and related rules) for a further three months. The three month trial has already ended on November 1. The effects of ESMA’s rules have already begun to be felt by the online brokerage industry, with reduced Revenues reported by the likes of IG Group and CMC Markets.…
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Moscow Exchange (MOEX) has announced that it starts offering OTC transactions in the Euro/US Dollar currency pair based on its infrastructure and FX Market interfaces. The technological solution for access to global liquidity providers is going to be delivered by Integral. The British Pound/US Dollar currency pair was just added yesterday. National Clearing Center (NCC), a part…
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FX broker eToro has announced that its digital subsidiary, eToroX, has been granted a distributed ledger technology (DLT) license from the Gibraltar Financial Services Commission (GFSC). eToroX is responsible for defining and executing eToro’s vision around blockchain and the development of cryptoassets and is managing eToro's wallet, which was launched last month. Commenting on the…
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Investors do not like Bear Markets, unless they are professional traders that love nothing better than to short an overbought sector of the market. For institutional investors, however, traders are always on the lookout for the sector that has the most “up” potential, while discarding anything that feels the pull of gravity downwards. During what…
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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 19, 2018. Highlights include: Crypto Market Rebound Due to Sentiment & Short Squeeze: The crypto market has gotten boosts from news that Tether has the reserves it claims, as well as an update from…
Read moreThe European Securities and Markets Authority (ESMA) has reminded UK firms to provide their clients with information on the implications of Brexit. Earlier this year, the regulator issued a Public Statement in order to raise the awareness of all market participants on the importance to prepare for the possibility of no agreement in the context of the…
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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 Lauder Corporate Partners. Lauder Corporate 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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