Crypto News 

$47 Million in Bitcoin: Ukrainian Lawmakers Declare Financial Holdings

“Three Ukrainian lawmakers have declared holding a combined $47 million in bitcoin following mandatory disclosures requiring members of parliament to reveal their finances” writes unknown author for cryptocoinsnews.com. Dmitry Golubov holds the most bitcoins of the three revealed in the report, with 8,752 bitcoins declared in an online submission.Alexander Urbansky declared 2,494 bitcoins, over $10 million in value, while Dmitry Belotserkovets indicated a possession of 398 bitcoins (approx. $1.6 million).The trio’s disclosures of holding bitcoin comes at a time when Ukraine is making moves toward regulating bitcoin and other digital…

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Markets News 

The vintage-car market is melting down

“Unlike stock market indices, the Hagerty Market Index is adjusted for inflation via the Consumer Price Index” writes Wolf Richter for businessinsider.com. Then there will be talk of prices “normalizing,” as is the case in collector cars.The index for collector car prices in the August report by Hagerty, which specializes in insuring vintage automobiles, fell 1.0 point to 157.42.The current drop of 15% from the peak in “real” terms is just below the 16% drop during the Financial Crisis. Source: businessinsider.com Share This:

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News Regulators 

Fed’s Fischer calls Trump-led rollback of Wall Street regulations ‘mind-boggling’

“They argue that stiffer regulations have unnecessarily burdened banks, crimped lending and would do little to avert a future crisis” writes Jeffry Bartash for marketwatch.com. In a separate interview on CNBC, Atlanta Federal Reserve President Raphael Bostic said he doesn’t expect the U.S. to achieve the White House goal of 3% growth. Source: marketwatch.com Share This:

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Brokers News 

One year after binary options ban implementation, fraudsters keep targeting Belgians

“Apparently, however, this fraudulent approach continues to be widely adopted amid binary options firms” reports financefeeds.com. Binary options brokers like Stockpair, for instance, have continued to promote their offering via football partnerships on their French-language website.The latest additions to the Belgian black list of binary options firms that illegally target Belgian residents features nine websites.Some binary options brokers have chosen to switch to other fraud areas, like diamonds and rare earths scams.A year has passed since Belgium implemented drastic measures with regard to certain online trading instruments, including a ban…

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News 

Plans to unwind banking regulation ‘very, very dangerous’, says Fed’s Fischer

“Leading Federal Reserve policymaker Stanley Fischer has hit out at plans to unwind banking regulation, brandishing it a “terrible mistake.”” writes Karen Gilchrist for cnbc.com. Fischer has, however, endorsed efforts to ease regulations for small banks, claiming it would help balance the banking system.”But the pressure I fear is coming to ease up on large banks strikes me as very, very dangerous.”. The pressure to ease up on small banks is fine with me.And now after 10 years everybody wants to go back to a status quo before the great…

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News 

UK Financial Ombudsman reports no foreign currency enquiries received from consumers in April-June 2017

“The zero such enquiries for the period in question compare to 252 foreign currency enquiries received during the whole year to March 31, 2017” reports financefeeds.com. The UK Financial Ombudsman Service reports no enquiries about foreign currency products & services were received from consumers in the quarter from April 1, 2017 to June 30, 2017, according to the latest statistics published by the body today.Consumers have been contacting the FCA mainly to verify whether firms offering binary options are regulated. Source: financefeeds.com Share This:

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Markets News 

Netflix renews financial drama series ‘Ozark’ for second season

“The series, written and created by “The Accountant” writer Bill Dubuque, stars Jason Bateman as a financial planner laundering money for a Mexican cartel” writes Trey Williams for marketwatch.com. Bateman directs “Ozark” and his production company Aggregate Films produces the show along with Media Rights Capital, which is also responsible for Netflix’s hit drama “House of Cards.”.  Source: marketwatch.com Share This:

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News 

London’s financial district is ‘hemorrhaging talent’ because of Brexit, warns UK job recruiter

“The City of London, home to the U.K.’s largest trading and financial services, is suffering from a loss of professional talent due to Brexit, warns a U.K. job recruitment agency” writes unknown author for cnbc.com. “The City is still haemorrhaging talent because of Brexit, and we risk losing jobs, too,” said Hakan Enver, operations director at recruitment consultancy Morgan McKinley Financial Services, in a press release published Tuesday.The latest London employment monitor for July revealed the number of jobs and job seekers in the City, London’s financial center, grew for…

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News 

Traders lift bets on one more rate hike this year up above 50%

“Traders on the federal-funds futures market ramped up their bets for one more rate hike this year to above 50%, according to CME Group data. 47% of the odds were on a quarter-percentage point point hike for the Dec. 13 policy meeting, and 3.4% of the odds were for a half-percentage point hike” reports marketwatch.com. The increase in odds for a rate hike have also helped lift financial stocks.The 2-year Treasury yield TMUBMUSD02Y, +1.52% , sensitive to the outlook for central bank policy, have risen about 5 basis points this…

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