Category Archives: Finance Magnates


The People of France have Spoken: ICOs Are Not Securities

The French financial supervisory authority, the Autorité des marchés financiers, recently held a public consultation on the subject of initial coin offerings, and has now published the results. The AMF reports on its website that it received 82 responses from individuals, law firms, financial companies,


BCSC Advises Caution in Investing with Cryp Trade

The British Columbia Securities Commission has issued an official public warning, urging BC residents to be wary of engaging with Cryp Trade. Discover credible partners and premium clients at China’s leading finance event!   The Canadian regulator specified that it had found that Cryp Trade


Finnish Government To Hold Public Auctions for Confiscated Crypto

On Tuesday, the Finnish government released a new set of guidelines regulating what law enforcement officials should do with the cryptocurrencies that they confiscate. According to a Bloomberg report, the Finnish government has seized (and is currently in possession of) approximately 2000 Bitcoins , most


UK’s Treasury Select Committee Launches Inquiry Into Crypto

The UK’s Treasury Select Committee, a cross-party team of Members of Parliament, has announced that it is initiating an inquiry into cryptocurrency and the distributed ledger technologies that crypto networks are built on. Nicky Morgan, Chair of the Treasury Select Committee, told CityAM that “People


Exclusive: Australian FX Brokers Raise Alarm about New Regulations

Earlier this month, the Australian Parliament approved the establishment of the Australian Financial Complaints Authority (AFCA). The new body is to be regulated by the Australian Securities Investments Commission (ASIC). The event signals an abrupt change in the way authorities are handling consumer complaints about financial


SEC Sues Ukyo, Founder of Defunct Bitcoin Securities Exchange BitFunder

The U.S. Securities and Exchange Commission (SEC) on Wednesday charged defunct bitcoin ‎securities exchange BitFunder and its principle Jon E. Montroll with fraud, saying they ‎operated unregistered online securities exchange and concealed critical information while tapping the ‎market for millions of dollars‏.‏‎ ‎ Discover credible


Epazz Takes Over CryptoFolio ‎Android App for Undisclosed Sum

Epazz Inc. (OTC: EPAZ) has acquires blockchain android app ‎CryptoFolio, which tracks and manages Bitcoin and Altcoin portfolios and allows users to fully control their cryptocurrency holdings. The Chicago-based provider of crypto ‎apps and solutions will allow CryptoFolio‎ to operate somewhat independently with its own


Fidessa Agrees to £1.4 Billion Takeover by Temenos

Fidessa Group Plc said on Wednesday it has agreed to a takeover by Swiss fintech ‎company Temenos in a deal worth up to £1.4 billion ($1.96 billion), signaling the start of ‎what may become a flurry of consolidation in the sector.‎ It comes after the