Sydney, Australia based boutique prime broker Invast Global has just announced that has opened a new Hong Kong office. Senior Executive Marcus Fung, who has been with Invast since 2013, will lead the Hong Kong business as its CEO. Invast Global has committed to the FX Global Code of Conduct back in June 2018. The…
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White label trading education provider TraducationFX has added a cryptocurrency calendar to its line of crypto-oriented products. The calendar includes upcoming events that are anticipated to affect the crypto market: conferences, exchange listings, forks, and other updates. At the moment it covers about 25 of the most popular currencies. Denis Alyanov, CEO of TraducationFX, commented…
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RegTek.Solutions, the provider of global regulatory reporting solutions, has just informed that it has appointed Chris Cornish as a Consultant Business Analyst based in London. Cornish previously worked at IHS Markit where he was a Senior Business Analyst and Securities Financing Transaction Regulation (SFTR) specialist. Prior to this, he was at ICBC Standard Bank, focusing…
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The Financial Services Agency (FSA), Japan’s regulatory watchdog, will either give the green light to seven new crypto exchanges to commence operations in the country in the next two months or delay the licenses for a subset of the group. The FSA had instituted new procedures relating to exchange license applications in 2018 to accommodate…
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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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The U.S. tech giant Google has had an ongoing “Love-Hate-Relationship” with the cryptocurrency industry for the past year. It first banned crypto-related ads on Google Adwords back in March of 2018, citing a need to protect its customers from fraudulent offerings. It then reversed itself in late September by modifying the ban, effective in October,…
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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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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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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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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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