Singapore teams up with Kenya on developing digital infrastructure LeapRate

July 19, 2019 BY Valentina Kirilova

Singapore teams up with Kenya on developing digital infrastructure

The Monetary Authority of Singapore (MAS) has announced that it has teamed up with the Central Bank of Kenya (CBK), signing a FinTech Cooperation Agreement to support digital infrastructure development in Kenya. The partnership aims to develop basic digital infrastructure services for Kenya, including identity, data and Know-Your-Customer utility, based on a set of common…

ATFX UK to allow more deposit and withdrawal options via Trustly

July 19, 2019 BY Valentina Kirilova

ATFX launches new payment channel for deposits and withdrawals in Philippines

Forex and CFD broker ATFX has just announced that it has now opened a new online payment channel in the Philippines, making withdrawals and deposits easy and efficient. The new payment channel enables ATFX to connect with a variety of major banks such as BDO, Unionbank, and Maybank Online Banking, this means transactions are conducted…

July 19, 2019 BY Valentina Kirilova

Iran announces gold-backed crypto coin – Is a global crypto war imminent?

Although recent press reports may contend otherwise, not all central banks are opposed to the notion of cryptocurrencies. The World Economic Forum released a report back in April that revealed that there are several ongoing central bank led projects that involve blockchain technology in support of what is called a Central Bank Digital Currency (CBDC).…

July 17, 2019 BY Valentina Kirilova

Bitpoint hacking details – 55,000 clients impacted and $28 million lost

The beleaguered Japanese crypto exchange, Bitpoint, is beginning to reveal details of its recent compromise that occurred on July 12th of this month. It was originally reported that $32 million had disappeared from “Hot Wallets” at the exchange, but this figure has been reduced to $28 milliion. $19 million related to customer accounts, and $9…

July 17, 2019 BY Valentina Kirilova

If Russia ends its ‘Love-Hate’ of cryptos, can it be the ‘King of Blockchain’?

As Russian government officials continue to debate the efficacy of cryptocurrencies and blockchain technology, industry observers are curious as to why there has not been a major push to lead in this arena. Observers have noted that Russia is definitely a “global powerhouse for development talent and business acumen in the blockchain space”, but, unlike…

July 17, 2019 BY Valentina Kirilova

Union Bank of the Philippines adopts Refinitiv's Electronic Trading

Union Bank of the Philippines has announced that it has adopted Refinitiv's Electronic Trading (ET) solution in order to power its business in the Philippines and strengthen its presence in both the local and international foreign exchange markets. ET is accessible via FXT and over 300 financial institutions across 80 countries globally are already benefiting…

July 15, 2019 BY Valentina Kirilova

Daily Market News: China posts its lowest quarterly growth in 27 years

Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for July 15, 2019. The text below is an excerpt and does not contain the full analysis. Hi Everyone, There aren't many companies around these days that are big enough to initiate their own holiday but…

July 15, 2019 BY Valentina Kirilova

Chinese authorities may be contemplating a Central Bank Digital Currency

There is a maxim in corporate strategy that suggests that you may never be able to guess accurately guess how the market may receive a new product offering, but the moment the announcement is made, the consequences and reactions from competitors become abundantly clear immediately. Such may now be the case with Facebook’s Project Libra.…

July 12, 2019 BY Valentina Kirilova

ASIC cancels AFS licences of CWS Mortgage Ltd and Australian Mutual Holdings Limited

Australian regulator ASIC has announced earlier today that it has decided to cancel the AFS licences of the following two companies - CWS Mortgage Ltd and Australian Mutual Holdings Limited. CWS operated the CWS Mortgage Fund ARSN 094 313 096 (Fund), a registered managed investment scheme and the licence cancellation took effect on 26 June…

July 01, 2019 BY Valentina Kirilova

Daily Market News: OPEC no more?

Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for July 1, 2019. The text below is an excerpt and does not contain the full analysis. Hi Everyone, Financial markets are in a good mood today after the leaders of China and the United States…

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