Mariela Naydenova
LeapRate Analyst
Singapore fx
December 20, 2019 BY Mariela Naydenova

The World Federation of Exchanges responds to MAS regarding derivatives contracts on crypto assets

The WFE (the World Federation of Exchanges), the global industry group for exchanges and central counterparties called CCPs, has recently given a response to MAS, the Monetary Authority of Singapore's Consultation Paper on Proposed Regulatory Approach for Derivatives Contracts on Payment Tokens or so crypto assets. The response given by WFE stresses the significance of the role…

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December 20, 2019 BY Mariela Naydenova

Blockchain giants partner to solve inefficiencies in the global FX market

The global FX market is to be disrupted and improved by major blockchain leaders. Finteum and Fnality have announced that they are partnering to create interoperability between Fnalty's USC Ethereum-based solution (Utility Settlement Coin) and Finteum's application (the app is built on R3's platform Corda). The interoperability creation will focus on intraday FX swaps executed…

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Securities and Exchange Organization
December 20, 2019 BY Mariela Naydenova

Are Muslim countries going to have their own crypto?

The President of Iran has proposed that Muslim countries adopt a cryptocurrency. President Hassan Rouhani commented that the domination of the US dollar has allowed economic sanctions to basically weaken economies. Thus, an action must be taken to neutralize this negative effect of the USD. The President of Iran has expressed his wish for a cryptocurrency…

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Dukascopy Bank starts CFD on Ether trading operations
December 17, 2019 BY Mariela Naydenova

UK's oldest crypto exchange drops Ethereum - the reasons

Coinfloor is UK's oldest-running crypto exchange and it now plans to drop both Ethereum and Bitcoin Cash. The delisting of Ethereum is expected to happen next month. The primary reason cited is that the future of hard forks is quite unclear and there is a current need for burdensome technical support for the coin. Coinfloor…

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Bankenverband,cryptocurrency,digital currency
December 17, 2019 BY Mariela Naydenova

Two Russian citizens prosecuted for crypto mining on government devices

Authorities in Russia have prosecuted two Russians for illegally mining cryptocurrencies using government computers. The news comes from local press coverage TASS. According to TASS, the two Russian men were targeting the hardware of Russian state organizations to mine digital coins using web browsers. The published report on the news does not reveal the identities…

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Amman Stock Exchange starts adopting the tradition of ringing the bell
December 17, 2019 BY Mariela Naydenova

As US-China trade tensions decrease, stocks hit new highs

The tension between the United States and China has started to slowly decrease. And such tension ebb is affecting the global stock market in a very positive way, as noted by the Financial Times. On Monday, December 16, global stocks saw new record highs. The primary reason was that China and the US de-escalated the…

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Bitcoin is on fire, as confidence swells: “The asset class is here to stay”
December 17, 2019 BY Mariela Naydenova

Coincheck drops leveraged trading

The Japanese cryptocurrency exchange Coincheck has decided to drop its leveraged trading services. The information comes straight from a blog post of the company. The leveraged crypto trading feature is expected to end on March 13, 2020 (Friday) at 12:00. By this time, all positions should be settled. After March 13, all customers will have…

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