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Forex Market News

Singaporeans lose millions to investment scams

Oct 09 2019 12:03:28 Jonathan Smith in Market

  A growing number of Singaporeans have fallen victim to various frauds, and the largest sum lost in a single case this year was S$4.3 million, through an investment scam, as reported by The Independent Singapore. Read more

The Monetary Authority of Singapore caps leverage at 1:20

Oct 08 2019 16:15:51 Jonathan Smith in Market

  Following the global trend of imposing stricter rules for margin trading, the Monetary Authority of Singapore (MAS) introduced a leverage cap of 1:20 for retail investors. Read more

Commission-free stock trading on the rise in the US and UK

Oct 07 2019 17:31:07 Jonathan Smith in Market

  Several major US brokers - Interactive Brokers, TD Ameritrade, E*TRADE, and Charles Schwab recently announced the launch commission-free trading, as competition mounts. Free of charge stock trading seems to be on the rise in the UK too. Read more


FCA focuses on the crypto market with 87 companies under investigation

Oct 07 2019 16:40:18 Jonathan Smith in Market

Currently 87 crypto currency related companies in the UK are under investigation by the local Financial Conduct Authority (FCA)  – 74% up from 50 in October a year ago, the Financial Times reports. Read more

PayPal may be pulling out of the Libra project

Oct 04 2019 14:17:24 Jonathan Smith in Market

  PayPal, which is one of the founding members of the Libra Association, may have gotten cold feet on Facebook’s crypto project, reported the Financial Times on Thursday. Read more

IKEA Island accepted its first Ethereum based payment

Oct 03 2019 16:17:17 Jonathan Smith in Market

IKEA Iceland has recently settled an invoice using programmable digital cash on the Ethereum block chain - the first transaction of its kind, using smart contracts and licensed e-money to facilitate a corporate order. Read more shuts down due to financial difficulties

Oct 03 2019 13:06:40 Jonathan Smith in Market

  In an announcement on its website, stated that trading services and deposits will be suspended on October 15. Read more

Bank scams in the UK cost investors over £ 616 mln for 6 months alone

Oct 02 2019 16:30:52 Jonathan Smith in Market

For the first six months of the year alone scammers have stolen some 616 million pounds from bank account holders in the UK, of which 207,5 million pounds were lost in scams, where victims directly authorized payments to an account controlled by fraudsters. Read more

$6.4 mln stolen from Fusion Network in a hacker attack

Sep 30 2019 16:42:48 Jonathan Smith in Market

Over 6.4 million USD worth of FSN Tokens were stolen from Fusion Network’s Swap Wallet after the block chain- based swap wallet platform was hacked on September 28,   A swap wallet has been compromised resulting in the theft of 10 million native FSN coins and 3. Read more

ECB also expressed concerns about Libra

Sep 26 2019 16:28:47 Jonathan Smith in Market

Following similar comments by the Bank of Japan, the federal government in Berlin, France and the Bank of England, Benoît Cœuré of the European Central Bank (ECB) also expressed concerns about Libra, the Facebook's planed new stable coin, which is expected to hit the markets in 20... Read more

Bank of Japan wants global regulation of Libra

Sep 24 2019 17:09:06 Jonathan Smith in Market

Bank of Japan Governor Haruhiko Kuroda said today that international cooperation was of key importance in regulating stable coins such as Libra, the stable coin planned by Facebook. Read more

Arsenal will partner with Global Kapital Group

Sep 20 2019 17:16:28 Jonathan Smith in Market

English Premier League football club Arsenal will partner with Global Kapital Group, which owns several forex and CFD brokers including GK Pro (formerly known as GKFX), GKFX Prime and GK Invest. Read more

SEC accused Mediatrix Capital of $125 mln Ponzi scheme

Sep 19 2019 16:46:45 Jonathan Smith in Market

Mediatrix Capital, which claimed that its clients profited for 5 consecutive years without a single monthly loss, and which also was awarded as the Best Family Office Asset Manager in Monaco, is now been accused by U.S. Securities and Exchange Commission (SEC) of running a Ponzi scheme. Read more

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