Forex

(Shutterstock)

Markets

Mirror Trading Clients Should Take Their Money and Run, South African Regulator Advises

FCSA said Mirror Trading's self-proclaimed 10% monthly returns "seems far-fetched and unrealistic" as it opened an investigation.

(Shutterstock)

By Danny Nelson

Aug 19, 2020 at 9:30 p.m. UTC

Aug 19, 2020

ForexSouth AfricaTrading BotsCoinFlash

“These quick-to-profits schemes rely on a little bit of smoke and the shine of mirrors,” said Texas Securities Commissioner Travis J. Iles. (Danny Nelson)

Markets

Texas Securities Regulator Accuses South African Trading Pool of Crypto Fraud

Texas' securities watchdog ordered Mirror Trading International to cease operations, alleging the South African bitcoin and forex "investor club" is a multilevel marketing sca...

“These quick-to-profits schemes rely on a little bit of smoke and the shine of mirrors,” said Texas Securities Commissioner Travis J. Iles. (Danny Nelson)

By Danny Nelson

Jul 8, 2020 at 7:46 p.m. UTC

Jul 8, 2020

ForexTexas State Securities BoardMultilevel marketing

Stack of pound coins (Linda Bestwick/Shutterstock)

Markets

Forget Bitcoin’s Volatility, BoA Says Unstable UK Pound Like an Emerging Market Currency

Bitcoin is often criticized for its volatility – now analysts are saying that, and more, about the pound sterling.

Stack of pound coins (Linda Bestwick/Shutterstock)

Jun 24, 2020 at 1:49 p.m. UTC

Jun 24, 2020

VolatilityForexETPGBP21Shares

dollar_euro_shutterstock

Markets

Foreign Exchange Giant CLS Admits: No, We Don’t Need a Blockchain for That

Forex giant CLS is now using a blockchain to handle certain currency trades, but the technology is “not essential” for the task, an executive admits.

dollar_euro_shutterstock

Oct 8, 2019 at 8:00 a.m. UTC

Oct 8, 2019

ForexpaymentsIBMcapital marketsCLSHyperledger FabricCLSNetFXbusiness news

yuan and usd

Markets

China's Foreign Exchange Regulator Piloting Blockchain in Trade Finance

The agency that regulates and manages China's foreign exchange reserves will trial a blockchain system addressing inefficiencies in cross-border trade.

yuan and usd

By Daniel Palmer

Apr 24, 2019 at 2:00 p.m. UTC

Apr 24, 2019

ChinaForexBankingRegulationNewsTrade Financecapital marketsAsia PacificRegulatorsbusiness news

Citibank (TungCheung/Shutterstock)

Markets

Citi Has Scrapped Its Plan for a JPM Coin-Like Bank-Backed Cryptocurrency

Several years back Citi tested a bank-backed cryptocurrency similar to JPMCoin. The lesson it learned? It's easier to rely on SWIFT.

Citibank (TungCheung/Shutterstock)

Mar 18, 2019 at 9:00 a.m. UTC

Mar 18, 2019

ForexBankingNewsTrade FinanceJPMorgan ChaseCitigroupJPMCoinbusiness news

HSBC

Markets

HSBC Exec Says Using Blockchain Slashed Forex Trading Costs by 25%

An HSBC executive has told Reuters that using blockchain slashed the costs of settling foreign exchange trades.

HSBC

By Daniel Palmer

Feb 14, 2019 at 2:00 p.m. UTC

Feb 14, 2019

ForexBankingHSBCNewscapital marketsbusiness news

Barclays sign

Markets

Barclays Joins CLS Blockchain Consortium in Search of Swift Alternative

Barclays has become the latest major financial institution to join the foreign exchange-focused blockchain consortium CLS.

Barclays sign

By Michael del Castillo

Sep 25, 2017 at 12:00 p.m. UTC

Sep 25, 2017

ForexBarclaysSWIFTBankingNewsCLSSettlementuse-cases-verticalsbusiness news

Market

Markets

What Does the Lull in Forex Volatility Mean for Bitcoin?

Patrick Foot examines what the current lack of forex volatility means for traders of digital currencies like bitcoin.

Market

By Patrick Foot

Aug 16, 2014 at 10:00 a.m. UTC

Aug 16, 2014

VolatilityForexFeatures

Kraken bitcoin exchange

Markets

Kraken opens for trading with euros, bitcoins and litecoins

Kraken, a new bitcoin exchange has come out of beta. We spoke to the CEO to find out more.

Kraken bitcoin exchange

By David Gilson

Sep 10, 2013 at 12:55 p.m. UTC

Sep 10, 2013

ExchangesForexKrakenPaywardNews