Brokers Crypto News 

FBI implicates several FX brokerages in BTC-e investigation. Here is why cryptocurrency is a sure fire way to destroy your brokerage

“This week, the Federal Bureau of Investigation (FBI) in the United States has implicated two FX brokerages in its investigation of defunct Bitcoin venue BTC-e” reports financefeeds.com. We are aware of several other brokers, largely in Russia and Cyprus, that have experienced significant losses recently from Bitcoin trading.Last week, FinanceFeeds reported that one particular well known retail FX brokerage had suffered a loss of approximately $40 million as a result of Bitcoin trading, and now cannot pay its affiliates. Source: financefeeds.com Share This:

Read More
Brokers News 

Federal Agents Found Fetuses In Body Broker’s Warehouse

“WASHINGTON (Reuters) – Federal agents discovered four preserved fetuses in the Detroit warehouse of a man who sold human body parts, confidential photographs reviewed by Reuters show” writes Min Read for reuters.com. As a result, it’s impossible to know whether body brokers who deal in adult donors are acquiring and profiting from fetuses.The Federal Bureau of Investigation, which has been investigating Rathburn and other body brokers, declined to comment. Source: reuters.com Share This:

Read More
Brokers News 

Mexico had its highest number of murders ever this year dealing a fresh blow to the president

“Mexico has this year registered its highest murder total since modern records began, according to official data, dealing a fresh blow to President Enrique Pena Nieto’s pledge to get gang violence under control with presidential elections due in 2018” writes Edgard Garrido for cnbc.com. At 18.7 per 100,000 inhabitants, the 2017 Mexican murder rate is still lower than it was in 2011, when it reached almost 19.4 per 100,000, the data showed. Source: cnbc.com Share This:

Read More
Brokers Crypto Markets News 

Record market highs and bitcoin frenzy are waking up retail investors

“After years of muted trading activity, the retail investor appears to be waking up, and bitcoin can claim partial credit” writes Scott Eells for cnbc.com. But there are other reasons for the rally besides tax cuts.And with good reason: Sandler O’Neill estimates that online brokers will see an 18 to 20 percent increase in earnings in 2018 under this tax-friendly scenario.Shares of online brokers have been rallying, especially since the tax cuts got real at the end of November, when the Senate Budget Committee advanced the legislation.”Trading activity usually quiets…

Read More
Brokers News 

Scream or die! Global Brokerage issues “cure amounts” notice concerning 15 contracts and leases

“At this hearing, the Bankruptcy Court will consider, among other things, the adequacy of the Disclosure Statement and confirmation of the Prepackaged Plan for Chapter 11 bankruptcy” reports financefeeds.com. In fact, this phrase is applicable to the latest notice submitted by Global Brokerage Inc (NASDAQ:GLBR), formerly known as FXCM Inc, in its Chapter 11 bankruptcy case.The New York Southern Bankruptcy Court has scheduled a Combined Hearing in Global Brokerage’s Chapter 11 bankruptcy case for January 17, 2018, in line with the timetable proposed by Global Brokerage’s Counsel. Source: financefeeds.com Share This:

Read More
Brokers News Stocks 

E*TRADE Stock May Have Room to Grow: Zacks

“In addition to increasing DARTs, Zacks said that shares of E*TRADE are “undervalued” on a price-to-book ratio basis” writes Donna Fuscaldo for investopedia.com.   E*TRADE shares were recently trading down 0.69%, or $0.34, to $49.23.What’s more, Zacks predicted that, as business improves, E*TRADE will “gradually enhance shareholders’ value” by purchasing shares and paying a dividend.Shares of E*TRADE, the New York-based online brokerage, have been surging all year, up 36% as the stock market continues its bull run unabated.With the stock up 14.2% so far in the current quarter, investors are wondering if…

Read More
Brokers Crypto News 

Some brokers lost a fortune on crypto currency trading yet have remained silent. Our advice: Stay away

“The same can be said of blockchain technology development” reports financefeeds.com. Since the semi-pathological obsession with crypto currency engulfed the lower echelons of the digital marketing and affiliate lead selling entities that litter the back streets of Ramat Gan and Limassol, FinanceFeeds has held a solid opinion that the vast majority of crypto currency-related schemes are exactly that – schemes.With a centralized exchange, clearing is possible as the exchange members all have to pay clearing fees.Yesterday, some of the most widely renowned brokerages in the world had to respond to…

Read More
Brokers News 

GAIN Capital Adds to Broker Worries About Low Maximum Leverage

“The parent company of Forex.com and City Index, GAIN Capital, has announced the market open in the US, outlining its concerns about new upcoming ESMA regulations” reports financemagnates.com. GAIN Capital also highlights that client on-boarding protective measures available to ESMA and the FCA, including requiring enhanced screening of potential clients and higher capital requirements for brokers. Source: financemagnates.com Share This:

Read More
Brokers Crypto Futures News 

Bitcoin Heads to Bigger Wall Street Stage as CME Debuts Futures

“The CME and Cboe bitcoin futures have some distinct features” writes Rob Urban for bloomberg.com. Some brokerages didn’t immediately give customers access to bitcoin futures.Last week, Cboe’s product was priced as much as 13 percent higher than bitcoin, but that quickly narrowed toward 1 percent.Bitcoin futures start trading Sunday night at CME Group Inc.’s venue, a week after Chicago rival Cboe Global Markets Inc. introduced similar derivatives on the volatile cryptocurrency.Each Cboe contract represents a single bitcoin, whereas CME’s are linked to five. Source: bloomberg.com Share This:

Read More