LCF used to issue mini-bonds and invest the proceeds from these in different businesses. In its warning, the FSCS makes it clear these letters are not from the scheme although they appear on FSCS-headed paper. This organisation advised those targeted to ignore these scam letters and invited them to contact the FSCS directly. In a…
Read more
The company views this as a significant move to focus its impact on the Latin American finance market and transform the current financial landscape. Binance typed Send Cash as a win for financial inclusion, which remains an issue in this region as the World Bank’s Global Findex Database 2021 showed that an estimated 42% of…
Read more
Despite this positive tipping point, the dollar registers weak against its recent three-month high. This cooling gives solid indication that the Federal Reserve may be prepping for further interest rate hikes after a slowing down period of economic spending and employment. APAC Societe General and Global Head of FX Strategy, Kit Juckes noted: If a…
Read more
Basin Energy reported that the company completed all the necessary expenditure requirements – $2.5m in total – to purchase the ownership stake, which partners them with CanAlaska Uranium Limited. The agreement commenced in April 2022 and was completed this summer. Alongside this announcement, Basin Energy reported $5.2m cash reserves, which will fund the project in…
Read more
Putting SEC on the backfoot, the court instructed the regulator to take another look at Grayscale’s application. This authority has been opposing the idea of listed spot-market bitcoin investments, despite approving them for futures, for a long time. Don’t miss out the latest news, subscribe to LeapRate’s newsletter SEC argues it cannot approve a spot…
Read more
Upon receiving the final green light, SEBA Hong Kong’s regulated financial activities will include virtual asset-related products, such as over-the-counter (OTC) derivatives, consulting on securities and virtual assets, and performing asset management for both traditional and virtual securities. Don’t miss out the latest news, subscribe to LeapRate’s newsletter This move follows Hong Kong’s introduction of…
Read more
The most important economic data for this week are: Tuesday: US Job openings at 14:00 GMT for the month of July where market expects the figure to drop from 9.58 million to 9.57 million. Wednesday: Preliminary German inflation rate is expected to decline to 6% against the previous reading of 6.2%. Thursday: NBS Manufacturing PMI…
Read more
In recent months, Robinhood had market tongues wagging and ignited debates as to who owned such a large amount of BTC. To date, this commission-free trading base has not offered a public comment. The lack of a statement did not however stem the tide of speculations. Many believe investment and financial manager, BlackRock, made this…
Read more
Authorities believe Binance assisted and is assisting Russians to transfer funds out of Russia, despite the company’s claims that it stopped all operations in this country. This crypto exchange also stressed its support of Western-based sanctions against Russia after it invaded Ukraine. To align its activities with the said sanctions, Binance said it had limited…
Read more
PPM is one of Australia's highest performing boutique funds managers and has also secured a 12.8% return in 2023 on its domestic fund and 13.1% over the same three-year period. Founder, Chief Investment Officer and Chairman of PPM, Hugh MacNally noted: Our clients are wealthy private individuals or families who are referred by friends or…
Read more