Crypto Markets News Stocks 

Survey: Half of Millennial Investors Trust Crypto Exchanges More Than Stock Exchanges

“Nearly half of millennial traders have more trust in digital currency exchanges than in United States (U.S.) stock market exchanges” writes Ana Alexandre for cointelegraph.com. Almost 40 percent of respondents cited peer influence as a main reason for investing in crypto, and over 35 percent have reportedly been lured into the crypto market by the “Fear of Missing Out.”. Research published last November revealed that cryptocurrency investing is most popular among millennials earning from $75,000 to $99,999 annually.The research was conducted by market research and strategy firm Provoke Insights on…

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Crypto Futures Markets News 

Indonesia Launches Regulatory Framework for Crypto Futures Market

“The new regulatory framework announced today is comprised of numerous major rules for operators in the crypto futures space” writes Celeste Skinner for financemagnates.com. Operating under Indonesia’s Ministry of Trade, the regulator has stated that cryptocurrency futures exchanges wanting to operate in Indonesia, must be registered and approved before they can commence operations.The regulation announced today, follows on from reports released back in June of last year, that cryptocurrency futures trading is legal in Indonesia.The Indonesian Commodity Futures Trading Supervisory Agency (Bappebti) announced via an official press release that it…

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Crypto News 

Crypto Crime Trends Evolving as Users Wise Up: Exchange Hacks, Darknet and Money Laundering

“At the right time, at least half of the stolen funds are cashed out using various conversion services within 112 days” writes Gareth Jenkinson for cointelegraph.com. Hackers waste no time cashing out stolen cryptocurrency, usually within three months after the initial attack.The second organization is less thorough in their approach, biding their time before converting stolen funds to clean money.In certain countries, existing anti money-laundering (AML) and Know Your Customer (KYC) regulations apply to cryptocurrency exchanges, which has helped curb some instances of crypto money laundering.The information could become pivotal…

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Brokers News Stocks 

Big U.S. exchanges to sue SEC over ‘overreaching’ fee experiment

“The exchanges argue rebates are needed to compensate brokers for providing liquidity and that the SEC has not shown that they harm the market” reports businessinsider.com. NEW YORK (Reuters) – The three largest U.S. stock exchange operators said they will sue the Securities and Exchange Commission for overstepping its authority by ordering a pilot program to test banning lucrative payments exchanges make to brokers for resting stock orders. Source: businessinsider.com

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Markets News 

Nasdaq and NYSE are suing their regulator over a pilot they say could put some ETFs out of business

“The Transaction Fee Pilot, which was approved in December, was designed by the SEC to examine how exchanges’ transaction fees and rebates impact where brokers choose to route clients’ orders” writes Dan Defrancesco for businessinsider.com. The SEC’s pilot, which could last up to two years, will create two test groups of securities in which either transaction fees will be limited or rebates will be prohibited. Source: businessinsider.com

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Crypto News 

10 Pct of World’s Population Now Use Crypto; But Hackers Also on the Rise, Kaspersky Lab Says

“Unfortunately, cybercriminals are also taking advantage of this recent rise in its usage by attacking Cryptocurrency exchanges and investors” reports livebitcoinnews.com. Even big sports teams are doing collaboration with Cryptocurrency exchanges.It’s particularly scary to think that when a Cryptocurrency exchange is hacked, and all its money stolen, none would ever be returned to the stakeholders. Source: livebitcoinnews.com

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Crypto News 

Chilean Central Bank: Cryptocurrencies Are Unable to Substitute Fiat Money

“The Central Bank of Chile (BCC) believes that cryptocurrencies are unable to substitute traditional money, according to an in-depth report on crypto issued Feb. 7” writes Ana Berman for cointelegraph.com. According to the BCC, cryptocurrencies might be treated as intangible assets and a digital representation of value, which converts them into property.The organization actively participated in a recent legal battle between Latin American crypto exchanges and Chilean banks.The BCC report comes almost a year after the case involving local crypto exchanges Buda, CryptoMkt and Orionx began.The three firms started a…

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Crypto News 

Is QuadrigaCX the New Mt Gox?

“The disaster is so large in scale and contains so many unexpected elements that many have compared it to the hack of cryptocurrency exchange Mt Gox” writes Rachel Mcintosh for financemagnates.com. Eventually, the laptop will be handed over to Ernst and Young, a professional services firm that has been court appointed as a third-party monitor for QuadrigaCX’ funds and activities. Source: financemagnates.com

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Crypto News 

Cointelligence Launches Crypto Exchange Rating System

“Blockchain research and analysis firm Cointelligence has announced the launch of a new cryptocurrency exchange rating system” writes Arnab Shome for financemagnates.com. This is not the first rating system of Cointelligence as the firm already provides a similar service for ICOs and security token offerings (STOs).It will be possible to check if an exchange is safe and reliable with the certainty that only actual/factual improvement of the exchange itself can change the rating,” Cointelligence noted.Though many firms are rating initial coin offerings (ICOs), only a few are doing the same…

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Markets News 

The Wall Street battle over skyrocketing market data fees could reach a boiling point in 2019

“The equities market might be close to a tipping point in its fight over market data fees” writes Dan Defrancesco for businessinsider.com. Complaints over rising market data fees have served as a rallying cry for banks, broker-dealers and market makers in recent years.The debate over market data fees has reached new heights in 2019.Many brokers can use consolidated data feeds, but no one dealing with Wall Street firms can rely just on SIP data.IEX, the lone independent stock exchange, has also been vocal critic of market data fees. Source: businessinsider.com

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