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,…
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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…
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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 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…
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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…
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Derivatives marketplace CME Group (NASDAQ:CME) has just released its volumes report for 2018. The average daily volume (ADV) reached a record 19.2 million contracts, up 18% YoY. Highlights include: Record Interest Rate ADV, up 22 percent to 9.95 million contracts Record Metals ADV, up 12 percent to 638,000 contracts Record FX ADV, up 9 percent…
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When truth is stranger than fiction, we tend to pay attention, if only to laugh at the absurdity of the moment. A Georgia State Senator and former candidate for governor, Michael Williams (R), reported to jail after indictments were filed for his arrest. The Republican conservative from Forsyth County was best known for his outrageous…
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Deutsche Börse has informed that the gold holdings of the exchange-traded bearer bond Xetra-Gold (ISIN: DE000A0S9GB0) increased with seven more tonnes in 2018 to 181.47 tonnes. The end of 2017 marked a new all-time high with 175.04 tonnes. At the beginning of 2018, 174.24 tonnes of gold were stored in the central vault for German…
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Open competition among forex brokers within the Russian Federation no longer exists. In a surprise move, the Russian Central Bank (CBR) has revoked the operating licenses of five foreign-based forex brokers due to “the repeated violations of the requirements of the Russian legislation on securities within one year.” New legislation passed a few years back…
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LeapRate Exclusive... Patrick Springer, former MD of Morgan Stanley, has joined LeapRate to share some details on asset tokenization and why rebalancing your asset allocation is the next best move. LR: Hi, Patrick and thank you for joining us today. I came across your article about allocating assets the other day. Could you explain LeapRate’s readers why…
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The following article is courtesy of research firm Investment Trends. Research firm Investment Trends today released its December 2018 Investor Intentions Index, a monthly study that tracks Australian investors’ market outlook and intended investments. The study draws on monthly surveys participated by 2,195 Australian investors over the last 12 months. Aussie retail investors predict flat…
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