News 

Ava DuVernay To Co-Chair Prada Diversity Council

“The board will be tasked with advising on ‘Prada’s initiative to elevate voices of colour within the company and the fashion industry at-large.’ The council will ‘guide the company towards a more inclusive and diverse future’ and advise Prada as it ‘invests in diverse talent development and expands opportunities for young students of colour in the fashion industry,’ the company said” writes Sara Semic for elle.com. Other unannounced academics and cultural experts will make up the diversity council, which, as well as helping the brand invest in diverse creatives, will…

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Brokers Markets News 

Retail Side of the FX Industry Keeps Avoiding FX Global Code

“While retail clients are not covered by the code, retail brokers are” writes Victor Golovtchenko for financemagnates.com. Once we get to the prime of the prime of prime section of the retail FX industry things are becoming different.Adhering to the FX Global Code of Conduct is ultimately beneficial for all market participants. Source: financemagnates.com

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Crypto News 

Institute of Decentralized Economics Launches in UK to Study Blockchain Economic Systems

“In January, a major Chinese research university launched a blockchain research scholarship with the support of blockchain payment firm Ripple” writes Ana Alexandre for cointelegraph.com. The think tank, which is dedicated to the study of blockchain-based economic systems and their impact on existing institutions, is backed by fintech company Sweetbridge.The program reportedly intends to bring together the best graduate students in China in 2019 to study global blockchain regulations and industry development. Source: cointelegraph.com

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News 

Leak: Apple is demanding 50% of the revenue from its “Netflix for news” product

“The latest such bid is Apple’s forthcoming “Netflix for news” product that will collect $10/month from subscribers and then share the revenue among media outlets, based on the pageviews each outlet generates” reports boingboing.net. Asking already beleaguered news publishers to fight over just half the total revenue on a per-view basis seems like a bad way to star Apple reportedly demanding a staggering 50 percent of revenue with ‘Netflix for news’ subscription [Chaim Gartenberg/The Verge]. Leak: Apple is demanding 50% of the revenue from its “Netflix for news” product Apple’s…

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Brokers News 

What if the retail FX brokerage industry was to experience a complete revolution? Now is the time

“Rather, it was founded upon a genuine wish to revolutionize customer experience for the retail FX industry” reports financefeeds.com. The “Valhalla Experience” – a respite for the battle weary The company has therefore introduced what it terms as “The Valhalla Experience” for its retail customers, IBs and portfolio managers.It represents ‘Gimme the money’ and is in your face, which is what has caused pure hell in the retail FX sector.This is far better than the classic retail FX model where clients/traders/and even IBs feel intimidated, give a small amount of…

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News 

IG Group’s Non-Executive Board Member Sam Tymms Steps Down

“Moulds has significant experience in the financial industry” writes Victor Golovtchenko for financemagnates.com. His vast comprehension of the regulatory environment and knowledge of the financial industry are supporting his new Chairman position on the Board Risk Committee.During her tenure at the company, she was Chairman of the Board Risk Committee. Source: financemagnates.com

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Crypto News 

QuadrigaCX Revealed a Giant Hole in Crypto Industry Storage Practices

“The bottom line is that as the cryptocurrency industry continues to develop, threats to cryptocurrency storage continue to evolve” writes Rachel Mcintosh for financemagnates.com. The scandal shone an uncomfortable spotlight on the fact that the technological and regulatory sides of cryptocurrency storage are vastly underdeveloped.Before we dive into the deep end here, a quick TL;DR about cryptocurrency storage.Therefore, as far as the cryptocurrency industry has come over the last ten years, its elements of ‘wild west’ territory are still present of ever. Source: financemagnates.com

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Crypto News 

South Korea’s Second Most Populous City Signs MoU With Blockchain Firm to Promote Fintech

“The South Korean city of Busan has signed a Memorandum of Understanding (MoU) with blockchain company Hyundai Pay, according to a press release published on Feb. 12” writes Max Yakubowski for cointelegraph.com. The MoU specifies plans to relocate the Hyundai Pay headquarters to Busan and to create needed fintech infrastructure.The MoU also aims to revitalize the blockchain industry through “contribution to the development of local ICT [Information and communications technology] industry through mutual growth with related start-up businesses,” states the press release.According to the announcement, South Korea’s second most populous…

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News 

Government officials have no idea how to regulate the growing sex robot industry

“Read more:A new report showed all the different ways that sex robots could be used in society Childlike sex robots are robots, not humans” writes Francis X for businessinsider.com. It is regularly labeled a sex robot, yet when I interviewed its creator, Ricky Ma Tsz Hang, he was quick to clarify that Mark 1 is not intended to be a sex robot.Read more: ‘Sex robots’ are on the rise — and experts say we need to start talking about the consequences Bans on childlike sex robots, however, may be different.The…

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