TechFinancials sells its holding in MarketFinancials to Proverial Ltd LeapRate

January 16, 2019 BY Valentina Kirilova

TechFinancials sells its holding in MarketFinancials to Proverial Ltd

Binary options technology and brokerage company TechFinancials Inc (LON:TECH) has announced that it has entered into legally binding, conditional Share Purchase Agreement (SPA) with the Cyprus incorporated company Proverial Ltd. The SPA is conditional inter alia on the consent of the SFSA which is to be received by no later than 30 June 2019. TechFinancials has informed that…

January 16, 2019 BY Valentina Kirilova

Malaysian government officials still unclear on legality of cryptocurrencies

Government officials for developed countries have had major problems when having to adjust to the reality of cryptocurrencies in the past few years. Countries with developing economies, however, tend to be more fragile, sensitive to change, and have overreacted on many occasions. China has banned cryptocurrencies. India has what amounts to a “quasi-ban” since its…

January 16, 2019 BY Valentina Kirilova

ASIC imposes additional conditions on Kaz Capital's AFS license

Australian regulator ASIC has just announced that it has imposed additional conditions on the Australian Financial Services (AFS) license of the company Kaz Capital Pty Ltd (Kaz). The additional conditions require the appointment of an independent expert, who will review the company's compliance framework, provide recommendations for remediation, and report to both ASIC and Kaz in June…

January 16, 2019 BY Valentina Kirilova

Government’s heavy defeat on Brexit withdrawal motion: PIMFA comments

The British parliament has rejected Theresa May's Brexit deal by 230 votes yesterday evening. The Brexit vote has left withdrawal from E.U. and prime minister's political future in doubt. The pound has risen after MP's reject with 0.05% to $1.287 after declines of more than 1% earlier in the day. There are no more words…

Bankenverband,cryptocurrency,digital currency

January 16, 2019 BY Valentina Kirilova

9 crypto mining firms sue Washington State utility over new rate hikes

Crypto mining is not a low cost endeavor. A major capital investment in computers is “Step One”, but then the power necessary to complete the task is exorbitant by today’s standards. Utility commissions across the globe are presently wrestling with this issue, until a more efficient mining process is developed. In the meantime, news headlines…

Corda Network announces Board of Directors

January 16, 2019 BY Valentina Kirilova

R3 announces independent governing foundation for Corda Network

Blockchain company R3 is announcing the launch of an open blockchain network to link participants in Corda (called Corda Network), to be run by a new non-profit independent of R3. Corda Network facilitates full interoperability between applications and businesses on Corda. This allows data used on one application to be shared onto another, supporting the…

January 16, 2019 BY Valentina Kirilova

IronX completes token crowdsale, raises $26 million

The IronX Exchange has just announced that it has raised more than $26 million via its IRX token sale as of today. IRX is an ERC-20 utility token backing the usage of the exchange. Leaprate reminds that the crypto exchange was launched back in August 2018 as a joint venture between global online broker IronFX Group…

January 16, 2019 BY Valentina Kirilova

Exclusive: Where the industry stands a year on from Bitcoin’s all-time high? Interview with Roger Lim

LeapRate Exclusive... Blockchain investment fund NEO Global Capital (NGC) has teamed up with the Samsung-backed startup partner AERGO one month ago. Roger Lim, Founding Partner at NGC, joins us today to discuss what the future may look like for the world of crypto and blockchain. LR: Where the industry stands a year on from Bitcoin’s…

SEC charges nine hackers and traders in Edgar hacking case

January 16, 2019 BY Valentina Kirilova

SEC charges hackers, traders and entities in Edgar hacking case

Back in September 2017, LeapRate reported that the Securities and Exchange Commission (SEC)' EDGAR system data has been hacked. Some individuals have extracted a nonpublic information to use for illegal trading, or as SEC Chairman Jay Clayton issued in his statement back then - the data may have been used for “illicit gain through trading”.…

January 16, 2019 BY Valentina Kirilova

Two EU regulators reiterate pressing need for common crypto standards

When it comes to fulfilling their responsibilities related to the new world of virtual assets, regulators across the world are caught between a rock and a hard place. Protecting consumers from fraud can be exceedingly difficult when current regulations on the books cannot be easily applied to the crypto ecosphere. The European Securities and Markets…