Despite the dull outlook for forex, however, Saxo Bank saw a rise in the demand for equities on the platform. The forex and CFDs provided have reported a figure of around $141.9 billion for May’s equities trading volume. This number is an increase of 24.2% compared to April’s figures, while May’s daily average was reported…
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Rubinstein attended Cornell University where he received bachelor’s and master’s degree in electrical engineering. He also holds a master’s in computer science from Colorado State University. Jon Rubinstein, Robinhood’s new lead director, commented: Robinhood has transformed investing, opening up access to the markets to a generation of investors. I’m delighted to join Robinhood’s Board of…
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A single integration to Skrill’s payment gateway allows the use of alternative payment methods such as the Skrill digital wallet and other Paysafe services including online bank transfer solution Rapid Transfer and online cash solution Paysafecash. Lorenzo Pellegrino, CEO of Skrill, NETELLER and Income Access at Paysafe, said: The last year has been a pivotal…
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Kuroda went on to differentiate Bitcoin from stable coins which are known to have their value backed up by assets. Stable coins are also obliged to meet regulatory governance codes and legal standards, meaning that the Governor is under the impression that they could well become a suitable trading alternative in the near future. Volatility…
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The CFTC now claims that these worst-case scenarios were in fact not based on historical scenarios at all and that LJM’s legitimate internal historical scenarios displayed losses far greater than 40% for each strategy. The complaint goes on to allege that around the tail-end of 2017 through to February 2018, LJM dramatically deviated from its…
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The governor of the Bank of Korea suggested that cryptocurrency trades from South Korean citizens are a potential threat to the country’s financial system. Increased trading of virtual assets – known for their volatile pricing – is threatening to leave the nation’s financial system at risk of instability, according to the Governor of the Bank…
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These statements from Lee may not come as a surprise from those who know the governor’s policies, the chief who takes the title of being the second-longest-serving in his position having previously taken a similar stance on cryptocurrency in recent years. Lee has suggested that the central bank needs to engage in “close cooperation to…
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The new Iconic Funds Physical Bitcoin ETP, available in two trading currencies, will offer investors a selection of 32 Bitcoin ETPs and structured products at SIX to choose from. The number of ETP issuers now rises to nine, following the recent addition of ETC Group as well as CoinShares and SEBA Bank in the first…
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In the official announcement, HSBC also said it is planning to sell parts of its business to other US companies. The London-based lender revealed it has agreed to sell its East Coast retail unit, which includes 800,000 customers and 80 branches, to Citizens Bank. Cathay Bank is planning to buy the company’s retail business in…
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The cryptocurrency mining industry has become prominent in Iran partially due to the presence of highly subsidised electricity within an extremely power-reliant trade. With such subsidies in place, imports can then theoretically be paid for using bitcoin. However, the US has implemented sanctions that bar all banking transactions between themselves and Iran, and with blockchain…
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