Kevin Kelly, Delphi’s lead analyst, noted that Bitcoin’s performance year-over-year had yielded a 40% return, despite its recent fall from grace. He added: “There are a handful of asset classes boasting positive returns this year and crypto is one of them. Bitcoin’s latest rebound pushed its year-to-date return back into the black as investors continue…
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Investors sell BP and Shell after Opec deal As UK markets reopened after the long Easter weekend, investors reacted to the fallout from the Opec-Russia oil production cut deal which, while record breaking, has been deemed by some analysts to be too little too late. Royal Dutch Shell’s London-listed shares fell 3.5% on Tuesday, with…
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Small cap UK stocks continue closing gap to large names For the second day running, the smaller London-listed names in the FTSE 250 index continued to close in on the UK’s biggest companies, the top 100 of which make up the FTSE 100 index. The FTSE 250 popped 5.1% on Tuesday, to the FTSE 100’s…
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As part of the PSA, crypto exchanges in Japan will have to manage users’ money separately from their own cash flows, starting 1st May. They will have to use third-operators to keep hold of their clients’ money and use “reliable methods” such as cold wallets. In case of users insisting on hot wallets, exchanges would…
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However, Acuti found a growing demand from traditional trading firms to enter the market or expand their coverage to trade more cryptocurrencies. Traditional trading firms that had decided not to trade in digital assets, 97% will consider it again in the next two years or less and 45% are planning to do it in six…
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Looking back at the most intriguing and popular Forex industry news from the past week at LeapRate. Jan Kotowski, X Open Hub’s International Business Developer and a financial market enthusiast and individual trader with over 11 years of experience joined LeapRate to discuss the year ahead for X Open Hub, key traders’ demands in 2019…
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Jon Cunliffe, the deputy governor for the financial stability of the Bank of England (BoE), warned that the rise of crypto economy may ultimately weaken or even eliminate bank credit issuance. In a speech at the London School of Economics on 28 February, Cunliffe predicted that implementation of stablecoins on social media platforms may lead…
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Germany’s Federal Financial Supervisory Authority, also known as BaFin, released guidelines today, categorizing digital assets as financial instruments. The financial regulator states that virtual currencies are “a digital representation of a value that has not been issued or guaranteed by any central bank or public body and is not necessarily linked to a currency specified…
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St. Vincent-based brokerage Fullerton Markets announced its new addition for alternative funds transfer via digital wallet. The company added a new cryptocurrency channel to its existing options of deposits and withdrawal methods. The cryptocurrency channel works with Bitcoin, Bitcoin Cash, Binance Coin, Bitcoin SV, Dash, Dogecoin, Ethereum, Ethereum Classic, Litecoin, NEO, OmiseGO and Tron. All clients…
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The UK regulator FCA has informed earlier that any UK business conducting specific cryptoasset activities falls within scope of the regulations and will need to comply with the regulator's requirements. Cryptoasset businesses are required to identify and assess the risks of money laundering and terrorist financing which their business is subject to. The companies also…
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