News Centre

Commentary On Bank Of England And HM Treasury's Decision To Create A CBDC Taskforce, Paolo Ardoino, CTO, Tether

Date 19/04/2021

Speaking at Fintech Week, the British Chancellor Rishi Sunak set out new initiatives to ensure the UK remains at the cutting edge of digitalising financial services.

SEC Charges Binary Options Trading Platform And Two Top Executives With Fraud

Date 19/04/2021

On Friday, April 16, 2021, the Securities and Exchange Commission charged Israeli-based Spot Tech House Ltd., formerly known as Spot Option Ltd., and two of its former top executives, Malhaz Pinhas Patarkazishvili (also known as Pini Peter) and Ran Amiran, with deceiving U.S. investors out of more than $100 million through fraudulent and unregistered online sales of risky securities known as binary options.

EEX To Expand Dry Bulk Freight Portfolio With Launch Of Handysize 7TC Futures

Date 19/04/2021

The European Energy Exchange (EEX) will expand its range of products for the Dry Bulk Freight market with the launch of Handysize 7TC Freight Futures which will be available for Trade Registration from today (19th April).

UK Financial Conduct Authority Sets Out Approach To Assessing Connaught Complaints

Date 19/04/2021

In December we published the report of Raj Parker’s 'Independent Review into the FSA and FCA’s handling of the Connaught Income Fund Series 1 and connected companies', and our response to that review. In our response we said that we were sorry for the errors we made in this case and that we accepted and will implement all the Review’s lessons. We are making good progress in implementing those lessons.

Refinitiv Wealth Management Report – The Race For Digital Differentiation – Highlights The Growing Needs Of Self-Directed And Advisory Clients

Date 19/04/2021

• 63% of wealth platforms show significant digital capability gaps compared to investor expectations.
• Advisory clients have higher expectations for fees paid and expect a premium experience; 20% are open to switching providers.
• 80% of clients expect dynamic content integrated into their digital experience.

UK Financial Conduct Authority Sets Out Broad Approach To Assessing LCF Complaints

Date 19/04/2021

The Treasury has today announced details of the Government’s compensation scheme for investors in London Capital & Finance (LCF). The Financial Services Compensation Scheme (FSCS) has already paid more than £57 million to around 2,800 LCF bondholders. Because of the extraordinary circumstances in this case, the government will establish a compensation scheme, which requires new legislation, and the scheme will be available to all LCF bondholders who have not already received compensation from the FSCS.

OCC Congratulates New SEC Chair Gary Gensler

Date 19/04/2021

OCC, the world's largest equity derivatives clearing organization, today congratulated Gary Gensler on becoming the new U.S. Securities and Exchange Commission (SEC) chair.

Bitcoin Price Movements A Sideshow From The Incredible Work Being Done, Paolo Ardoino, CTO, Bitfinex

Date 19/04/2021

"Bitcoin and other crypto price movements can in some ways be viewed as a sideshow that distracts us from the incredible work that is being done in the blockchain ecosystem. If instead of the bitcoin ticker price there was a mirror displaying all the work of developers and start-ups in the ecosystem of decentralized ledger technology, the world would be amazed at just how well we’re doing." said Paolo Ardoino, CTO at Bitfinex.

MVIS And CryptoCompare Launch The MVIS CryptoCompare DeFi 20 Index, Designed To Track Performance Of Largest And Most Liquid DeFi Digital Assets

Date 19/04/2021

MV Index Solutions GmbH (MVIS®) in partnership with CryptoCompare, global leader in digital asset data, today announced the launch of the MVIS CryptoCompare DeFi 20 Index (ticker: MVDEFI).

Domestic Digital Money Transfer Values To Grow To $3.4 Trillion By 2025, As Mobile Money Drives Growth - 63% Growth In Values Between 2020 And 2025

Date 19/04/2021

A new study from Juniper Research has found digital domestic money transfer transaction values will rise from $2 trillion in 2020 to $3.4 trillion in 2025; driven by growth of mobile money transfers. Mobile transactions will represent an 89% share of total transaction value by 2025, with drivers of volume growth being P2P payment apps in developed markets and mobile money in emerging markets. The research identified that to compete in a congested market, mobile money transfer apps must leverage instant payment capabilities to ensure the best user experience.