Elizabeth Anderson
LeapRate Analyst

With over a decade’s experience as a finance writer, Elizabeth Anderson applies her knowledge and experience to keep a finger on the pulse of global trends. Specialising in forex, cryptocurrencies, and stocks, Elizabeth follows the movements that impact the world of trading.
October 02, 2023 BY Elizabeth Anderson

Three Arrows Capital (3AC) co-founder Su Zhu was arrested in Singapore

The 36-year-old’s flee attempt followed repeated failures to assist with an investigation into how the crypto hedge fund, which once managed $10bn in assets, spectacularly collapsed last year. Financial advisory firm Teneo obtained a “commital order” to arrest Zhu so he could assist with the ongoing liquidation procedure. A second co-founder, Kyle Davies, has not…

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GDP
September 29, 2023 BY Elizabeth Anderson

Bond market breathes much-needed sigh of relief

After just missing a 16-year high, US GDP data has shown yields to be marginally smaller than expected for September. The retreat in yields has allowed risk assets some breathing space, but with the 10-year note still above the 4.5% level, investors are anxious about a downward spiral in October due to Index uncertainty. Market…

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September 29, 2023 BY Elizabeth Anderson

Global government bonds experience largest 2023 sell-off

Some investors believe this is just the tip of the iceberg and predict government bonds will weaken even further. They may have a point, as both US and German government bond yields were pegged for significant quarterly increases but failed to live up to expectations. Poor performances dashed the hopes of fund managers who thought…

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Coinbase crypto exchange expands custodial services in Asia market
September 29, 2023 BY Elizabeth Anderson

Coinbase gets Bermuda Monetary Authority green light

This news follows the May announcement regarding the company’s launch of the Coinbase International Exchange. This is a non-US exchange with a class F licence from the BMA. Experts believe this regulatory approval will open doors for crypto asset trading. This would be a positive move for the industry at a time when financial regulations…

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September 28, 2023 BY Elizabeth Anderson

Basin Energy makes moves in Athabasca Basin

In its press release, the company commended its Advanced Geophysical Analysis, which operates using 3D inversion data. This dataset, which was created in collaboration with experts from Computational Geosciences Inc. and Convolutions Geoscience, has led to the identification of multiple priority anomalies which determine the position of the company’s next drill site. According to Geoscience…

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September 28, 2023 BY Elizabeth Anderson

UBS shares decrease after US Department of Justice investigation

Bloomberg News reported that the U.S. Department of Justice launched an all-out probe regarding sanction violations by Credit Suisse. As UBS merged with Credit Suisse earlier this year, it invariably falls under the authority’s spotlight, too. The Swiss government orchestrated the UBS emergency takeover to prevent an economic meltdown in Switzerland and the global impact…

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September 28, 2023 BY Elizabeth Anderson

Sam Bankman-Fried asks to suit up for pending trial

Even when he met with statesmen such as former U.S. President Bill Clinton, and British Prime Minister Tony Blair, he donned T-shirts and wrinkly shorts. At the height of his career, experts estimated Bankman-Fried had a $26bn fortune in digital assets. That said, at his first court appearance in December 2022 and the others that…

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September 27, 2023 BY Elizabeth Anderson

ESSO ditches Rigs to Reefs oil dumping

In Melbourne, an Esso spokesperson suggested that following the uptick in good environmental news, its retired oil platforms would be removed — including the long steel support structures or ‘jackets’ — from the ocean. In doing so, Esso (owned by ExxonMobil) acknowledged scientific studies that disprove the creation of artificial reefs made from fuel waste.…

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September 27, 2023 BY Elizabeth Anderson

Singapore’s bank investigates S$2.4bn money laundering scandal

In one of the largest anti-money laundering operations, the Singapore police arrested and charged 10 foreigners. The authorities laid their hands on S$2.4bn in assets that ranged from luxury properties and cryptocurrencies to motor vehicles. Singapore is widely known for its tough stance on money laundering. This incident raised eyebrows, and many are wondering if…

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