Tag: Covid-19

scam company
April 14, 2020 BY Steffy Bogdanova

FBI warns against Covid-19 crypto scammers

The FBI said: Fraudsters are leveraging increased fear and uncertainty during the COVID-19 pandemic to steal your money and launder it through the complex cryptocurrency ecosystem. FBI agents believe the scammers will tailor their pitch to the current situation and be looking for donations for remote workers via email, safety equipment sellers, not going through…

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Forex Weekly Look Back
April 10, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: Financial markets and bitcoin in recovery, Japan to enforce new crypto laws

The Cyprus Securities and Exchange Commission (CySEC) suspended this week the Cyprus Investment Firm (CIF) authorisation of Cyprus Investment Firm Belight Capital Group Ltd on violations of regulatory requirements. Financial markets have been in recovery mode for the past several weeks after falling precipitously in mid-February due to the global COVID-19 pandemic. Bitcoin, to the…

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Forex Weekly Look Back
April 03, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: Stocks continue to tumble, IG Group launches institutional offering, UK banks cut payments to shareholders

Saxo Bank Group announced lower profit of DKK 40 million net profit this year, but record number of new clients in its 2019 report. Retail FX brokerage group Admiral Markets announced that it has expanded its Premium Analytics portal to include featured trading ideas from Trading Central. Traders can now use Admiral Markets’ Premium Analytics portal to…

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World Federation of Exchanges cautions against banning short-sales
March 30, 2020 BY Steffy Bogdanova

World Federation of Exchanges cautions against banning short-sales

The Federation advises that the measures to ban short-selling are not achieving the desired effect and unlike other circuit breakers and other safeguards put in place to slow markets down, banning short-selling inhibits orderly markets rather than promote them. Circuit breakers allow investors time to absorb and understand information and making their trade decisions more…

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$2.2 trillion US stimulus package to help people affected by the coronavirus
March 30, 2020 BY Steffy Bogdanova

The US passes the biggest rescue package in history, $2.2 trillion to help people affected by the coronavirus

House Speaker Nancy Pelosi said: Our nation faces an economic and health emergency of historic proportions due to the coronavirus pandemic, the worst pandemic in over 100 years. The history signing ceremony was held in the White House, no democratic lawmakers were invited, however, President Trump thanked "for coming together, setting aside their differences and…

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Forex Weekly Look Back
March 27, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: Governments and regulators take measures to counter the corona-crisis

The Securities and Exchange Commission announced yesterday a temporary flexibility for registered funds affected by the recent volatile market situation to borrow funds from certain affiliates and to enter into certain other lending arrangements. The relief is interceded to provide funds with additional tools to manage their portfolios so that all shareholders as investors may…

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March 26, 2020 BY Steffy Bogdanova

UK regulators issue a joint letter to the UK banks to protect the UK economy and jobs

The UK regulation authorities announced last week a set of unprecedented measures to support UK businesses and protect jobs: For large firms of investment grade or equivalent, the COVID Corporate Financing Facility (CCFF) will provide additional help to address disruptions in the cashflow caused by the Covid-19 pandemic. For small and medium-sized businesses (SMEs), the…

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