The largest bank in Kuwait, the National Bank of Kuwait, announced that it will integrate Ripple to its online banking system for the facilitation of cross-border payment transactions. The Ripple service will be available to all of the bank's users who have access to online banking 24/7. The new transfer service is now available to…
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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 27, 2018. Highlights include: Dow Shatters Single-Day Record: One trading day after US indices officially entered a bear market, the Dow rose 1,086 points — its largest single day gain of all time. These…
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OTC Markets Group Inc. (OTCQX: OTCM) has announced that has just added White River Bancshares Company (OTCQX: WRIV), the holding company for Signature Bank of Arkansas, to trade on the OTCQX® Best Market. White River Bancshares Company begins trading today on OTCQX under the symbol "WRIV." We are pleased to welcome White River Bancshares Company…
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Ormeus Cash (OMC), an asset-backed virtual currency with a stable transactional price, has just announced its partnership with technology company COTI. The companies announced a new "trustless" point of sale (POS) system, enabling merchants worldwide to accept cryptocurrency payments for goods and services. Merchants hesitated to add crypto POS systems to their businesses due to high fees…
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FINRA, a not-for-profit organization dedicated to investor protection and market integrity, has announced that it has fined Morgan Stanley Smith Barney LLC $10 million for anti-money laundering (AML) program and supervisory failures that spanned a period of more than five years. Susan Schroeder, FINRA Executive Vice President, Department of Enforcement, commented on the news: As…
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The Hong Kong Securities and Futures Commission (SFC) has informed the public that it has fined Ardon Maroon Fund Management (Hong Kong) Limited (Ardon Maroon) (now known as China Silver Asset Management (Hong Kong) Limited) $800,000 for cross-trade related failures in managing the Ardon Maroon Asia Master Fund (AM Fund). The complete announcement can be…
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Crypto enthusiasts unite! You can almost hear a rebellion a foot in the crypto world of “Hodlers”, jargon for anyone holding cryptocurrency for the long term. These folks are tired of hearing of exchange compromises and do not want to take it anymore. To raise public awareness of the issue and to determine if specific…
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The wheels of justice can turn awfully slowly at times, but eventually significant precedents are constructed, which can enable a torrent of lawsuits to follow where losses have been excessively harsh. Such is the case in the world of Initial Coin Offerings (ICOs), or so it seems, according to a recent court filing in the…
Read moreThe Securities and Exchange Commission (SEC) has announced that it has charged JPMorgan Chase Bank N.A. with improper handling of “pre-released” American Depositary Receipts (ADRs). The financial services company has agreed to pay more than $135 million to settle the charges. The official announcement reads as follows: ADRs – U.S. securities that represent foreign shares…
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CySEC, Belize and South Africa licensed Retail FX broker Forextime, which also goes by the shortened moniker FXTM, has announced that it has added stocks from the NYSE and NASDAQ exchanges to the MT5 Pro Accounts. FXTM has launched the Pro Accounts back in April, providing now MetaTrader 5 users with the ability to directly own and…
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