Facebook is on a hiring blockchain spree. The company has started forming a blockchain group in mid-2018, and now has over 40 "blockchain" employees. Facebook was rumoured to be launching its very own digital coin. David Marcus, who was a President at Paypal and a Board Member in Coinbase, has joined Facebook in the blockchain…
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The government of Switzerland has announced that it will create legal environment for the blockchain industry. The strategy aims to position Switzerland as a major blockchain “destination” and a blockchain-friendly jurisdiction. According to Swissinfo, the major focus of the blockchain strategy is for the government to introduce decentralized digital tokens across the business sector, especially…
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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 14, 2018. Highlights include: Declining Stocks for the Asian Market: Chinese investors woke up to a steep dive in retail sales and industry production rates, bringing the lowest figures in more than a decade.…
Read moreThe Securities and Exchange Commission (SEC) has informed the public that it has charged a former New York-based investment adviser and his daughter with conducting a multi-million dollar Ponzi scheme. The individuals have defrauded local community members as well as members of their family and close friends. The official announcement by SEC reads as follows:…
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The Financial Services and Markets Authority (FSMA) has just issued a warning against the irregular activities of Saga Nagoya Securities. Saga Nagoya Securities Addresses: 40F Midtown Tower, 9 Chome-7-1 Akasaka, Minato, Tokyo, Japan 56F Shanghai Tower, 501, Yincheng Middle Road, Pudong, Xinqu, Shanghai Shi, China Website: www.snscredit.com Email: [email protected]; [email protected] Tel.: +81 3 4578 8350…
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TP ICAP plc has just announced that Richard Berliand will join the Board as a Non-Executive Director and Chairman designate during the first quarter of 2019. Mr Berliand is a global markets professional with a 23-year career at JP Morgan. Prior to his retirement in 2011 he served as Managing Director, leading the global cash equities…
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The Autorité des marchés (AMF) has just warned the public against the activities of several unauthorised crypto websites. The regulator, along with the Autorité de contrôle prudentiel et de resolution (ACPR), have published a list of these websites and entities offering trading of investments on cryptocurrency derivatives without authorisation in France. The list can be…
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Last month, the Financial Conduct Authority (FCA) has contributed to the Payment Systems Regulator (PSR) paper on Authorised Push Payment Scams. Following a super-complaint by Which?, the consumer watchdog, the regulators found that receiving PSPs could do more to identify fraudulent incoming payments and prevent accounts from being compromised by fraudsters. The FCA has today published new rules allowing…
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Initial Coin Offerings (ICOs) have gotten a bad reputation due to rampant fraud and the lack of transparency. Regulators, in their attempt to protect unsuspecting investors, have launched attacks to classify all cryptocurrencies, with the exception of Bitcoin and Ether, as securities and thereby subject to more stringent registration and disclosure requirments. The SEC has…
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UK financial regulator Financial Conduct Authority (FCA) has just announced that it has fined the UK investment professional Angela Burns £20,000. The regulator has also banned her from acting as a non-executive director. The official and complete FCA announcement can be seen below: The Financial Conduct authority (FCA) has banned Angela Burns from acting as a non-executive director (NED)…
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