The Contract for Difference (CFD) market has shown a change in momentum as cryptocurrency is likely to make its comeback after Bitcoin exceeded the $11,000 mark and Facebook announcing the issue of stablecoin ‘Libra’ last week. For Mitrade users, this presents an opportunity to delve into the world of cryptocurrencies once again with the company’s…
Read more
Singapore-based cryptocurrency exchange Bitrue announced on its Twitter profile that it has been hacked for around 9.3 million XRP ($4.1 million) in user assets. The hacker used what they learned from this breach to then access the Bitrue hot wallet and move 9.3 million XRP and 2.5 million ADA to different exchanges. — Bitrue (@BitrueOfficial)…
Read more
The Australian regulator ASIC announced today that it has cancelled the Australian financial services (AFS) licence of Sydney-based Guarded Pty Ltd for failure to comply with financial services laws, effective from 27 May 2019. Guarded failed to maintain competence to provide the financial services authorised by its licence after its responsible manager, who had been…
Read more
The Singapore-based B2B global payments platform for emerging markets Thunes, announced that it has added KB Teo to its team as its new Chief Financial Officer (CFO), effective immediately. LeapRate reminds that back in February, TransferTo revealed a complete rebrand creating two separate companies - Thunes and DT One. Teo has more than 25 years…
Read more
Australian regulator ASIC announced earlier today that IT consultant Steven Oakes has been sentenced to a total effective sentence of 3 years imprisonment. He will, however, be released after serving 18 months of the term of imprisonment, on his own recognisance to be of good behaviour for 18 months. The hacker was pleading guilty to…
Read more
Refinitiv, formerly the Financial and Risk business of information giant Thomson Reuters (NYSE:TRI), announced that activity on the company’s foreign exchange platforms has reached new highs in 2019. Regional market participants across the buy-side and sell-side benefit from Refinitiv’s comprehensive offering, from dealer-to-client trading on FXall, to interdealer trading on Matching. The company has earlier this…
Read more
Paxful, a peer-to-peer bitcoin marketplace, informed that it has teamed up with the blockchain and cryptocurrency products developer The White Company. The partnership aims to deliver the benefits of global payments to emerging markets, allowing Paxful customers to exchange their bitcoin into Visa or MasterCard prepaid cards in 10 fiat currencies (USD, GBP, EUR, INR,…
Read more
Connectivity and IT infrastructure solutions provider for the financial services industry, Avelacom, announced today that it has promoted Vincent Harrison to Managing Director, Global Sales, to drive business growth and further develop Avelacom’s low latency network across the Americas, EMEA and APAC. Harrison will now be reporting directly to Aleksey Larichev, CEO of Avelacom, and…
Read more
METACO, AlgoTrader and Cysec (formerly ArcaTrust) announced that they have teamed up to offer a comprehensive, all Swiss-made crypto asset management ecosystem for financial institutions to manage the entire life-cycle of their crypto assets: from secure storage and management to automated trading and execution. Cysec's hardware security will be combined with METACO’s crypto asset storage…
Read more
Multi-asset liquidity and prime-of-prime service provider Advanced Markets Group just announced the addition of the China A50, China H-Shares and Singapore Blue Chip index CFDs to its list of tradable instruments. Natallia Hunik, Advanced Markets Groups Global Head of Sales commented: The decision to add Asian indices was driven by strong demand from our client…
Read more