After Congress’s public thrashing of Facebook’s Libra project and all things crypto, it was only a matter of time before a few Congressmen would bandy together to propose a “news catching” or “click bait” type of response, as a way to counter to this somewhat overblown threat. In a letter to Federal Reserve Chairman Jerome…
Read more
Ripple Labs, the crypto entity whose mission is to revolutionize the cross-border payments industry by replacing antiquated clearing organizations like S.W.I.F.T., seems to make headway with each announcement regarding its XRP-driven platform, but it appears to be one of those “two-steps-forward-one step back” kind of enterprises. Good news is usually followed by the executive team’s…
Read more
Yoni Assia, the CEO and co-founder of eToro, a social trading and multi asset brokerage company, made a recent appearance on Charlie Shrem’s podcast, Untold Stories. During his interview, he expressed two general concerns. The first had to do with the world’s need for a publicly accessible digital currency, which would be fully transparent and…
Read more
Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for October 7, 2019. The text below is an excerpt and does not contain the full analysis. Today's Highlights U.S. Jobs Report Gives Key Insight to Economy: The wage growth figure, expected to be a setback,…
Read more
Multibank FX aggregation service FXSpotStream has released its volumes report for the month of September. Total volume was $784,236 and average daily volume was $37,345 last month. ADV dropped with 13% MoM, but was up 17.1% YoY, considering the 21 trading days last month. LeapRate reminds that FXSpotStream's August ADV reached a new record of…
Read more
The prop trading company BORSA has announced earlier today that it has invested significant resources in its own MetaTrader 5-based infrastructure to provide reliable and effective control, accompanied by a scaling in its business processes. BORSA is a brand of Borsa Trade LLP registered in the UK. Our fund was looking for a solution allowing…
Read more
Argentex Group PLC, the recently listed foreign exchange services provider, has issued a Trading Update for the first half of the financial year ending 30 September 2019. The company has generated revenues of £9.3 million from 25 June 2019 to 30 September 2019, the period since the Group’s admission to the AIM market of the…
Read more
Equiti Group, the parent company of Equiti Capital UK and EGM Futures, has just announced that it has added Benedict Sears to its institutional team as its new Institutional Liquidity Manager. Prior to joining Equiti, Sears has worked for companies such as XTX and Makor Securities. Commenting on the appointment, Hormoz Faryar, Global Head of…
Read more
Bitcoin revisited the upper $7,000s this weekend, continuing its ranging behavior, but always with a gradual downward slope, as if tempting bears or bulls to grab on. The excitement from a few weeks back is quickly becoming a distant memory, but so is $10,000, its last ranging median for weeks on end. Advocates, however, are…
Read more
There’s gold in them thar hills, or so say-ith the Australian Taxation Office (ATO) and most other major taxing jurisdictions across the globe. After years of lenient auditing practices with regard to crypto tax collection, officials have suddenly realized that there could be enormous payoffs, ripe for the picking, for only investing a few million…
Read more