Ormeus Cash teams up with COTI to launch 'Trustless' POS system
December 27, 2018 BY Valentina Kirilova

Ormeus Cash teams up with COTI to launch 'trustless' POS system

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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Morgan Stanley fined $10m for AML program
December 27, 2018 BY Valentina Kirilova

Morgan Stanley fined $10m for AML program

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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SFC fines
December 27, 2018 BY Valentina Kirilova

Hong Kong SFC fines Ardon Maroon Fund Management $800,000

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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December 27, 2018 BY Valentina Kirilova

JPMorgan Chase Bank pays more than $135m to settle SEC charges

The 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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cryptocurrencies
December 27, 2018 BY Valentina Kirilova

Binance CEO is confident - no worries over cryptos

It has been a rough year for cryptocurrencies. Valuations are down 80% and more in some quarters, and critics are claiming that a funeral may be in order. But not everyone has these same feelings. CEOs of many large concerns, both within and without the crypto universe, have spoken out about the long-term viability of…

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Digital Asset Custody Company announces secure custody solution for Monero
December 26, 2018 BY Mariela Naydenova

Around 90% of all Monero is already mined

White the total supply of Monero is estimated to be mined by 2022, over 90% of the cryptocurrency is already mined. The information comes from Moneroblocks, which states that as of December 20th, 16.6 million of the privacy-focused coins are already mined, and the rest 1.8 million will be mined in 3 years. The major…

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