The Yuh app, launched by Swissquote and PostFinance in May 2021, has further expanded its cryptocurrency lineup by adding Polkadot. The addition is made in response to requests of the app’s users. Polkadot is a next-generation blockchain protocol that enables different blockchains to connect and communicate with each other. The protocol was launched with the…
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Multi-asset investment platform eToro is now an official partner of RB Leipzig, with the two parties agreeing to an initial partnership running until 2023, with the option to extend. The aim of the partnership is to create regular digital touchpoints between the RB Leipzig community in Germany, with ‘trade and investment’ as eToro’s two key…
Shortly after the United States Securities and Exchange Commission (SEC) approved the plan for the distribution of a $65 million penalty paid by online trading app Robinhood over omissions and false disclosures, the regulator announces the start of payments to eligible investors. Pursuant to the Plan, the Fair Fund Administrator has compiled the payee information…
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The following is a guest editorial courtesy of Jonathan Brewer, Co-Founder and Managing Partner of Prime of Prime broker IS Prime. There are few participants in the FX market who need to be reminded about the events of January 2015, however there is a possibility that history could be about to repeat itself, which seems…
Read More “SNB intervention in CHF – could history repeat itself?” »
Larry Dean Harmon, of Ohio, pleaded guilty today to a money laundering conspiracy arising from his operation of Helix, a Darknet-based cryptocurrency laundering service. According to court documents, Harmon admitted that he operated Helix from 2014 to 2017. Helix functioned as a bitcoin “mixer” or “tumbler,” allowing customers, for a fee, to send bitcoin to…
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The acquisition group which whose proposed $210 million purchase of Finalto and Markets.com was turned down by Playtech shareholders earlier today is not giving up. The group, led by Israeli businessman Zvika Barinboim with backing from a number of banking and insurance companies, issued a statement late Wednesday explaining its decision to allow Playtech to…
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Wise plc (LON:WISE) has taken steps today to establish a level 1 American Depositary Receipt (ADR) program in the US by filing a registration statement on Form F-6 with the US Securities and Exchange Commission. It is expected that Wise’s ADRs will begin trading on the over-the-counter (OTC) market on 8 September 2021, under a…
Online broker Robinhood (NASDAQ:HOOD) has reported its first quarter as a public company, with Q2 revenues rising a modest 8.3% from Q1, although more than doubling last year’s Q2. Total net revenues increased 131% to $565 million in the second quarter of 2021, compared with $244 million in the second quarter of 2020, but as…
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The Investment Industry Regulatory Organization of Canada (IIROC) has issued a warning that a crypto, forex, and binary options brokerage website called RxD Options is fraudulently claiming to be regulated by the IIROC. Through their website rxdoptions.com, the company claims to offer accounts for trading in cryptocurrency, forex, and binary options. The IIROC noted that…
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The following is a guest editorial courtesy of multi-asset global broker Admirals. When discussing technical indicators for trading financial markets, we immediately think about the technical indicators placed on our trading charts. Indicators such as Bollinger Bands, MACD, RSI and PSAR have become increasingly popular over recent times. Market sentiment is one of the key…
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