Cryptocurrency Now Rated on Wall Street, OneCoin Raided – Best of the Week

Catch up on last week's top stories.

OneCoin offices raided in Sofia

Unquestionably legitimate and not at all fraudulent cryptocurrency OneCoin has come to the attention of police in its homeland of Bulgaria.

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Although late to the party, the Bulgarian authorities have finally taken the hint. The national prosecutor’s office said: “At present, companies associated with OneCoin Ltd. are being investigated in England, Ireland, Italy, the United States, Canada, Ukraine, Lithuania, Latvia, Estonia and many other countries.”

Cryptocurrencies get Wall Street rating

On Monday, we reported that Weiss Ratings, a company that has been rating financial products since 1971, will now be rating dozens of cryptocurrencies, in another move towards the mainstream.

Weiss Ratings founder Martin D. Weiss said: “Many cryptocurrencies are murky, overhyped and vulnerable to crashes. The market desperately needs the clarity that only robust, impartial ratings can provide.”

IOTA interview

Following last week’s theft of $4 million worth of IOTA tokens by way of a fraudulent password generating website, Finance Magnates’ Rachel McIntosh conducted a two-part interview with David Sønstebø, co-founder of IOTA.

In the first half of the interview, Sønstebø explained that the IOTA network itself was never compromised, saying that education is the most effective way to prevent such issues. He said: “There was no actual hacking. It’s just important not to use that kind of terminology, even though that is what’s being thrown around. People like the word “hack”.”

In the second part, he discussed the future of the network, its expansion into the automotive, healthcare, and supply chain sectors, and how it aims to “actually create something for the real world”.

E*TRADE buys new customers

On Friday we reported that New York-based financial services company E*TRADE is buying one million customer accounts from Virginia-based bank Capital One Financial.

The company says that it expects the move to become profitable in 2019.

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Mobile Trading Partners launches new application

Mobile trading software developer Mobile Trading Partners signed a deal with Indonesian brokerage house Monex Investido Futures to launch a new mobile-based white label service.

Mobile Trading Partners CEO Paul G. Smith said: “Mobile has become the primary means for consumers and professional users to engage with businesses….Brokers need to wise up to this.”

oneZero now supports Chinese and Japanese languages

Technology provider oneZero announced a major language-support expansion, and a new connection to mainland China.

CEO Andrew Ralich said: “With our new base of operations in Singapore, we have finally been able to put focus and effort into understanding the specific requirements of the Asia Pacific market.”

Saxo Bank now offers more to institutions

Saxo Bank has strengthened its prime of prime service, and extended support to DMA liquidity hubs in London and New York. The development follows strong client demand.

The move will improve full amount execution, while ensuring lower market impact for large orders in FX and precious metals.






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