Steffy Bogdanova
LeapRate Analyst

Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.
daily market analysis
May 24, 2021 BY Steffy Bogdanova

Daily market commentary: European markets opened modestly higher

EUROPEAN SHARES  European markets opened modestly higher at the beginning of the week, providing a mixed sectoral performance picture as gains in tech and banking shares offset declines from miners. Investors returned cautiously to their trading desk with uncertainty reigning following China’s crackdown on commodities and crypto markets, which sparked a significant increase in volatility.…

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ASIC
May 24, 2021 BY Steffy Bogdanova

ASIC cancels Direct My Wealth Pty’s lincence

The announcement said: Under the Corporations Act 2001 and National Consumer Credit Protection Act 2009, ASIC may suspend or cancel an AFSL and ACL if the licensee is no longer providing financial services, ceases to engage in credit activities or fails to meet its legal obligations. This includes its obligations to lodge financial statements, auditor’s…

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Bitcoin
May 24, 2021 BY Steffy Bogdanova

Beijing bitcoin mining crackdown sees miners halt business in China

A large portion of the new-found regulatory issues are because Crypto miners are using increasingly strong and bespoke tech equipment – often referred to as rigs -  to certify virtual coin trades within a process which creates freshly minted cryptocurrencies, including the likes of bitcoin. Speaking of China’s latest crackdown, Chen Jiahe, Chief Investment Officer…

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SEC
May 24, 2021 BY Steffy Bogdanova

Broker Emil Botvinnik to pay $1.5 million fraud case brought by SEC

Botvinnik did not admit or deny the allegations the SEC made but consented to the final judgment. He was ordered to pay civil penalty of $160,000, disgorgement of $1,140,996.48, and $208,155.86 in prejudgment interest. The official announcement stated that the SEC may suggest a plan to distribute any funds received from Botvinnik to harmed investors.…

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partnership
May 24, 2021 BY Steffy Bogdanova

Fintech Plaid teams up with payments firm Square

Square’s tokenized check system uses Plaid to allow customers to securely connect their bank accounts for bank payments. This verification option enables customers to quickly enter their bank login credentials to connect an account to enable payments. Additionally, Square offers no fee refunds on ACH payments they process to make ACH acceptance even easier. Dennis…

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Deutsche Bank hires Credit Suisse ECM banker Stephane Gruffat
May 21, 2021 BY Steffy Bogdanova

Deutsche Bank hires Credit Suisse ECM banker Stephane Gruffat

Credit Suisse recently posted net loss of CHF 252 million in Q1 2021. The numbers reflected a significant charge in relation to the US-based hedge fund matter. The company descended into crisis after the collapse of US investment firm Archegos and suspending funds linked to the fallen British supply chain finance company Greensill Capital, reported…

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HKEX
May 21, 2021 BY Steffy Bogdanova

HKEX appoints Alejandro Aguzin as Chief Executive

The official announcement said: The Board would like to express its sincere gratitude to Mr Tai for his leadership and dedication to HKEX as Interim Chief Executive. Mr Tai has confirmed that he has no disagreement with the Board and that he is not aware of any matters relating to his cessation as Interim Chief…

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Forex Weekly Look Back
May 21, 2021 BY Steffy Bogdanova

Forex Weekly Look Back: Admirals launches copy trading service, StoneX Markets rolls out self-service OTC platform

Apifiny announced the appointment of ex-Goldman Sachs Vice President, Jason Jiang, as its latest Chief Technology Officer. The latest appointment at the crypto mining firm is the latest in a trend of veteran executives in the financial industry joining rapid-growth digital asset companies seeking a fast solution to the growing demand from retail and institutions…

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