Coinbase "stole" Linkedin's head of data science just recently. Michael Li, who was Linkedin's Head of Analytics and Data Science has now joined the cryptocurrency unicorn to be its Vice President of Data, according to his Linkedin profile. With a educational background in Engineering in China and the US, Mr. Li worked in Capital One,…
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IronX, the new Crypto Exchange joint venture between global online broker IronFX Group and EmurgoHK, creator of the Cardano Blockchain, has announced it has been awarded full regulatory license approval by the Estonian Financial Intelligence Unit (FIU). This license allows IronX to operate as a fully regulated exchange for the trading of cryptocurrencies, as part…
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The price of Bitcoin is everything but stable these days. And while there are many analyses and news as to why the "people's currency" is jumping up and down with huge price swings, there may be a simpler economic explanation. According to some press, the reason why the price has been recently moving are the…
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CoolBitX, the secure crypto hardware wallet manufacturer, has just announced the launch of its CoolWallet S in the United States, encouraging secure crypto storage among mainstream audiences. CoolBitX is also announcing its partnership with the Litecoin Foundation and plans to open a US office in order to expand its American presence. The secure storage pioneer…
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After Goldman Sachs was said to launch a cryptocurrency trading desk this summer, which did not happen, now, another major US investment bank is on the "hunt" for creating a Bitcoin derivative product. Morgan Stanley is rumoured to be eyeing price return swaps that are actually tied to the "people's currency". As the price return…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that Luxembourg based private label fund manager Axxion S.A. has built up a 5% ownership position in FCA regulated Retail CFD broker Plus500 Ltd (LON:PLUS). The stake, totaling 5,808,270 Plus500 shares, are worth about £82.3 million (USD $107 million) and represent 5.1% of Plus500's outstanding shares. The move…
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Bitcoin is definitely taking a plunge these days. The cryptocurrency is trading for around $6,500 at the time of this writing. Even hodlers seem anxious to see what will happen with the "people's currency". Walmart, on the other hand, is selling a different kind of Bitcoin - the Frankford ones - for as little as…
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FINRA has just announced that it filed a complaint against Timothy Tilton Ayre of Agawam, Massachusetts, charging him with securities fraud and the unlawful distribution of an unregistered cryptocurrency security called HempCoin. This case represents FINRA’s first disciplinary action involving cryptocurrencies. In the complaint, FINRA alleges that, from January 2013 through October 2016, Ayre attempted…
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The financial industry has not made up its mind when it comes to cryptocurrency regulation. However, one of the strictest regulators in the United States, The New York Department of Financial Services (NYDFS) has approved the launch of two stablecoins, both pegged to the US Dollar. The investors behind the project are the Winklevoss brothers,…
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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 Blue Trading. Canadian securities regulator the British Columbia Securities Commission (BCSC) has also warned against the entity earlier this year. Blue Trading is not authorised by…
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