Bitcoin has certainly seen better days. The "people's currency" just tumbled 12% to below $5,000, currently trading at around $4,955. This is the lowest level that Bitcoin has hit in a year's time. Since the beginning of 2018, Bitcoin has lost more than 60% of its value, when in December 2017, it was trading for…
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CargoX is a company that offers blockchain-based solutions for the shipping industry. The company just launched its CargoX platform, the first neutral, open and accessible shipping and logistics platform in the world. According to the press release that CargoX issued: "The platform can be used by businesses of any size, and it was recently selected…
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The Board of the International Organization of Securities Commissions (IOSCO) has just published the findings of an updated survey that show respondent IOSCO members to be broadly compliant with the IOSCO Principles for the Regulation and Supervision of Commodity Derivatives Markets (the Principles). In 2010, the G20 Leaders identified the regulation and supervision of the…
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Global online brokerage firm Amana Capital has announced that in line with its strategy to provide additional unique products and services to its clients, the brokerage services group is adding support for ZuluTrade. The new product available to the broker’s customers is a pioneer in social auto-trading for forex and CFDs. ZuluTrade will be added to…
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EGX Chairman, Mohamed Farid, has signed a Memorandum of Understanding (MOU) with Dr. Hassan ElKalla, Chairman, Cairo for Investment and Real Estate Development (CIRA) as step forwards within the efforts to raise the financial awareness as a sustainable base in the financial literacy. This MOU aims at raising the financial awareness and enhancing financial literacy…
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The EBRD has just informed that it is bringing together its energy and infrastructure teams in a consolidated Sustainable Infrastructure group headed by Nandita Parshad as Managing Director. Ms Parshad is currently Managing Director for Energy and Natural Resources at the Bank and in her new role will lead the Bank’s engagement in environmental, transport…
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UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company Crypto Exchange Pro. Crypto Exchange Pro is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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Japan’s Financial Services Agency (FSA) has just announced that it has signed two cooperation frameworks, respectively with the Autorité des Marchés Financiers (AMF) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR) of France to promote innovation in their respective markets. This will lead to increased exchanges regarding innovative trends, regulatory issues and any…
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The following article was written by FXTM Senior Staff Writer Nikola Grozdanovic. The 14th of November, 2018, was a landmark day for Brexit and the markets. The UK’s Prime Minister Theresa May held an emergency cabinet meeting to seek approval for her long-anticipated draft Brexit deal. Months of negotiations, protests and persistent questions surrounding the…
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Refinitiv, formerly the Financial and Risk business of Thomson Reuters (NYSE:TRI), has announced that it has launched an aggregate bond service to help clients access fixed income trade data that is available as a result of MiFID II in a single, simple aggregated data feed. The trade data from approved publication arrangements (APAs) and multilateral trading…
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