Monex teams up with Shizuoka Bank to launch financial instruments intermediary services
October 19, 2018 BY Valentina Kirilova

Monex teams up with Shizuoka Bank to launch financial instruments intermediary services

Monex, Inc. has announced that it has signed a financial instruments intermediary service agreement with The Shizuoka Bank, Ltd. (Shizuoka City, Shizuoka Prefecture; Hisashi Shibata, President) and will begin offering the bank’s customers financial products and services, including domestic equities, as of Friday, October 19, 2018. Shizuoka Bank, which has entered into a capital and…

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LSEG to increase its majority shareholding in LCH Group
October 19, 2018 BY Valentina Kirilova

LSEG to increase its majority shareholding in LCH Group

London Stock Exchange Group plc (LSEG) has announced that it is in the process of acquiring further shares in LCH Group Holdings Limited (LCH), which will increase its majority ownership of this valuable strategic business. LSEG has entered into agreements with certain minority shareholders of LCH to acquire up to a further 15.1% of LCH’s…

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LeapRate interview: Defense against toxic flow, Jeff Wilkins speaks
October 19, 2018 BY Valentina Kirilova

SFC concludes further consultation on the financial resources rules

The Hong Kong Securities and Futures Commission (SFC) has released conclusions to the further consultation on proposed amendments to update the Securities and Futures (Financial Resources) Rules (FRR). After considering the comments received, the SFC will implement the proposed changes, the main purpose of which is to update the computation basis of the financial resources…

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NETELLER launches in-wallet buy-and-sell cryptocurrency feature
October 19, 2018 BY Valentina Kirilova

NETELLER launches in-wallet buy-and-sell cryptocurrency feature

NETELLER, a digital wallet provider and part of Paysafe Group Plc (LON:PAYS), has just announced that it is now offering its customers the opportunity to instantly buy and sell cryptocurrencies, as cryptocurrency adoption continues to grow. As of today, NETELLER users can buy, hold and sell cryptocurrencies via a recognised cryptocurrency exchange including Bitcoin, Bitcoin…

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acquisition
October 19, 2018 BY Valentina Kirilova

MUFG Union Bank to acquire Intrepid Investment Bankers

MUFG Union Bank, N.A. has announced it has signed a definitive agreement to acquire Intrepid Investment Bankers, a Los Angeles-based regional middle market investment banking firm. Following the close of the transaction, which is subject to regulatory approval and other customary closing conditions, Intrepid Investment Bankers will operate under its current name as a subsidiary…

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Formosa Financial integrates with BitGo
October 19, 2018 BY Valentina Kirilova

Formosa Financial integrates with BitGo

More BitGo news today, as Formosa Financial, the one-stop financial services platform for managing digital assets, has announced a collaboration with BitGo to integrate BitGo's custodial services into the Formosa Financial suite of digital asset management tools. Having successfully reached their hard-cap via private round funding this May, Formosa Financial is aiming to solve many…

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Bitcoin scam
October 18, 2018 BY LeapRate Staff

Bitcoin Ponzi scheme results in $2.5M fine to Gelfman Blueprint and CEO Nicholas Gelfman

The CFTC has announced that a New York federal court has ordered New York corporation Gelfman Blueprint, Inc. (GBI) and its Chief Executive Officer Nicholas Gelfman of Brooklyn, New York, to pay in total over $2.5 million in civil monetary penalties and restitution in what was the first anti-fraud enforcement action involving Bitcoin filed by the CFTC. James McDonald,…

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SEC charges
October 18, 2018 BY Mariela Naydenova

The SEC with a new fintech office

After the SEC rejected a few Bitcoin ETFs and has been "wandering" around and chasing cryptocurrency companies, the regulatory body has decided to open a special office to deal with all crypto-related projects. The so-called Strategic Hub for Innovation and Financial Technology (FinHub) will be a connecting point between the SEC and the cryptocurrency industry, making…

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