Binary options technology and brokerage company TechFinancials Inc (LON:TECH) has announced that it has cancelled the planned sale of its Binary Options holdings, after the buyers were unable to secure the necessary regulatory approvals for the deal by a self-imposed deadline of January 31, 2018. As we reported in late November, TechFinancials came to an…
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LeapRate Exclusive... LeapRate has learned via court filings made in Israel (see source below) that the country's highest court has rejected an appeal made against the new Binary Options ban legislation. As such, Israel's Binary Options ban law takes effect today, January 23, 2018, as planned. All Binary Options activity, from offering binary trades to…
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After we reported last week that the FBI had sent investigators to Israel as part of their ongoing fraud investigation of Lee Elbaz, former CEO of several Binary Options broker brands, Israel business news website TheMarker has reported that those FBI investigators last week raided the offices of leading Binary Options platform provider SpotOption. Lee Elbaz…
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Shares of binary options technology (and more recently Blockchain tech) provider TechFinancials Inc (LON:TECH) were soaring by 28% to an all time high of 37 pence on Friday morning, after the company announced that it was increasing the size of the planned token sale for Cedex Holdings Ltd. TechFinancials recently invested in Cedex, which is setting…
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Shares of global FX brokerage house Gain Capital Holdings Inc (NYSE:GCAP) are soaring by more than 25% today after a bullish report issued by a lightly read 'special situations' analyst named Richard Pearson seems to have lit a spark among investors. Not surprisingly, the spark is cryptocurrency trading. GAIN Capital, parent company of the global…
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After receiving more than $1 million in dividends from its China JV DragonFinancials, binary options platform provider TechFinancials Inc (LON:TECH) is continuing its diversification away from binaries by plowing some of that cash into its Cedex.com joint venture. As we reported in October, TechFinancials set up Cedex.com as a JV with private banking expert Saar Levi. Cedex (CErtified…
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News sources in Israel, as well as certain blogs close to the Binary Options sector, are reporting that Israel's new Binary Options law has been challenged to the Israeli Supreme Court. The appeal has been brought by lawyers representing Yossi Herzog, the major shareholder in binary options group Yukom Communications Ltd which has operated a…
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It looks like TechFinancials Inc (LON:TECH) isn't done quite yet with the Binary Options business. TechFinancials announced that it has received dividends totaling $1.46 million from two subsidiaries - $1.12 million from its 51% owned joint venture DragonFinancials, which operates a China-focused binary options brokerage business, and $340,000 from its (formerly) fully owned subsidiary MarketFinancials, which provides…
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Which FX broker is the latest to get a CySEC CIF license? Which China-backed, FCA-licensed ECN broker launched in London? Why was the FXDD-IronFX merger called off? What major change did Plus500 Ltd (LON:PLUS) make to its Affiliate program? Answers to these questions and more appeared exclusively or first at LeapRate this week. Some of our…
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Well here's a neat way to create value for your shareholders. Sell (dump, really) your main business for next to no consideration, call yourself a Blockchain technology company, and wait for traders to bid up the price your stock. Sound silly? Well, that's what has happened at (now former) Binary Options platform operator TechFinancials Inc…
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