It was the end of August, a time when vacationers flood the French Riviera and coastal communities to enjoy the good life before heading back to work in September, but merchants in the coastal town of Biarritz, France, were anything but happy. Tourists were not in abundance. The streets were bare, almost like a ghost…
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The Australian Securities Exchange (ASX) announced today that it has teamed up with distributed ledger technology (DLT) specialist Digital Asset (DA) and VMware. The exchange has signed a three-party memorandum of understanding (MoU) to work together with the other two companies on DLT initiatives in Australia and New Zealand. This will include the development of…
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Suddenly, Bitcoin “watching” has become boring. There had been some expectations that this weekend might bring a groundswell of support, based on a contentious G7 meeting and the fact that S&P futures were in the toilet, due to tariff wars, but such was not the case. Yes, Bitcoin jumped up on Friday in anticipation of…
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ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for August 26, 2019. See details below: GOLD Gold has jumped to a fresh 6-year-high of $1,555 in the first few hours of this week, before settling around to $1,530. This new bullish rally is confirming the huge appeal of bullion and…
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As a stablecoin, Tether has clout in the market, as it should since it is by far the largest version of this “special use” type of token. The “USDT” reportedly has reserves to the tune of $3.5 to $4 billion, many multiples higher than its closest competitor. Skeptics have accused its management team of cavalierly…
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What a difference a week makes, or does not make in the case of Bitcoin’s progress toward a new All-Time-High (ATH). Based on favorable news about the launch of the Bakkt exchange in late September, BTC buyers were numerous at the start of the week, driving prices up to strong resistance at $11,000, only to…
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Moscow Exchange (MOEX) has today released its financial results for Q2 2019. Highlights include: Fee and commission income was up 10.7% to RUB 6,561.8 mln on the back of strong performance of nearly all markets. Net interest income (NII) increased by 9.4%. Net Income was RUB 5,902.6 mln, up 21.3%. Exceptional performance of the Bond…
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The Financial Markets Authority (FMA) has recently added two more names to its list of unregulated firms. The latest additions are the companies Profitix and Enigma GRC Limited and Dang Kang International Group. Profltlx and Enigma GRC Limited as both entities are not listed on the FSPR and are not incorporated in New Zealand. Dang…
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Crypto advocates in India were given a sliver of hope that a crypto ban instituted by the Reserve Bank of India (RBI) and contained in a draft proposal from an inter-ministerial committee dominated by the RBI may be ruled unconstitutional. The RBI had jumped the gun in mid-2018 by prohibiting its banking members from having…
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ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for August 23, 2019. See details below: GOLD Gold is consolidating just below $1,500 as investors await further inputs from Jerome Powell, the Fed and the other central banks. In the last few days the main focus has been the trade war…
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