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As the globally leading provider of advanced binary options software and solutions for the fast growing binary options market, TechFinancials has shown a resolute commitment to comply with all the regulatory requirements of the main international financial authorities like ESMA   CFTC and JFSA.

a proposed standard for binary options in the commodities markets

The FICC Markets Standards Board (“FMSB”) was established in 2015 in response to the Fair and Effective Markets Review in the UK with a mandate to issue Standards designed to improve conduct and raise standards in the wholesale Fixed Income, Commodities, and Currencies (“FICC”) markets. On July 22, 2016, the UK’s FICC Markets Standards Board published a proposed standard for binary options in the commodities markets. Binary options are options that pay out either a fixed amount or nothing, depending on the performance of the underlying commodity over an agreed period of time. The draft standard sets out the characteristics of a type of transaction used by participants in the commodities markets and the expected behaviors of wholesale market participants that enter into them. Although not legally binding, it will apply to all FMSB member firms (currently just over 30 firms) on a global basis once in its final form

South Africa: The next destnation for binary options brokers?

In an environment of rising regulatory pressure against binary options brokers in Europe and looming prohibitions even for the regulated companies, they are seeking new markets to expand.

It is true that the European countries, the US and Canada are the most wealthy, but they have their limitations, especially when it comes to binary options brokers. In the US, for instance, are allowed only exchange-traded binary options and in Canada, there are no regulated binary options brokers. The latter naturally does not stop the binary options brokers – both unregulated and regulated in other countries – to approach clients from Canada, but that’s different story.

So where else should the binary options brokers try their luck? The obvious answer is countries where the mass of the middle class is developing, along with the numbers of the really wealthy population. One such example is South Africa.

FINMA warns of swissroyalbanc.com

FINMA, the Swiss Financial Market Supervisory Authority, has updated its blacklist of companies that are illegally conducting financial services. FINMA warns of a broker named Swiss Royal Banc The newly-established company is a binary options broker named Swiss Royal Banc. FINMA located the company address through its website swissroyalbanc.com which exposes that the website is owned and operated by a UK-based company called GreenTree Holdings

Bitcoin headed for its biggest weekly jump since June

Bitcoin headed for its biggest weekly jump since June as declines in the yuan boosted demand for the cryptocurrency.
The digital tender surged 8.8 percent this week to $685.79 as of 5:01 p.m. in Hong Kong. That’s the biggest gain since June when prices skyrocketed as investors girded for the results of the U.K.’s Brexit vote.

Now the risk is yuan depreciation. China’s exchange rate has fallen for the fourth week against the dollar and is trading near a six-year low, on speculation officials are tolerating faster declines ahead of a potential U.S. interest-rate increase by year-end. For Chinese people, buying bitcoin is one way to hedge against the yuan’s weakness amid capital controls.

Bitcoin Is Soaring: Up Over 10% In One Week On Chinese Buying Spree

Earlier this week, ZeroHedge pointed out that after tracking the recent drop in the Yuan (alternatively, rise in the dollar), bitcoin unexpectedly spiked breaking out of its recent rangebound trade and rising to three-month record levels following news that China had begun a regulatory crackdown on wealth-management products, which indicated that some of the illicit money parked in these shadow bank conduits, which collectively house just shy of $2 trillion in assets, will slowly drift out of the mainland using such capital outflow "proxies" as bitcoin.

Will Barack Obama Suspend The Election If Hillary Is Forced Out By The New FBI Email Investigation?

Just when it looked like Hillary Clinton was poised to win the 2016 election, the FBI has thrown a gamechanger into the mix. On Friday, FBI Director James Comey announced that his agency has discovered new emails related to Hillary Clinton’s mishandling of classified information that they had not previously seen. According to the Associated Press, the newly discovered emails “did not come from her private server”, but instead were found when the FBI started going through electronic devices that belonged to top Clinton aide Huma Abedin and her husband Anthony Weiner. The FBI has been looking into messages of a sexual nature that Weiner had exchanged with a 15-year-old girl in North Carolina, and that is why they originally seized those electronic devices. According to the Washington Post, the “emails were found on a computer used jointly by both Weiner and his wife, top Clinton aide Huma Abedin, according to a person with knowledge of the inquiry”, and according to some reports there may be “potentially thousands” of emails on the computer that the FBI did not have access to previously. Even though there are less than two weeks to go until election day, this scandal has the potential to possibly force Clinton out of the race, and if that happens could Barack Obama delay or suspend the election until a replacement candidate can be found? http://www.zerohedge.com/news/2016-10-31/will-barack-obama-suspend-election-if-hillary-forced-out-new-fbi-email-investigation

The ISA grants Online Trading Licence to five brokers

The Israeli Security Authority (ISA) announced that it grants Online Trading Licence to five brokers. The brokerages ATRADE, FXCM Israel, REAL FOREX, FIRST INDEX and Plus500 are now ISA approved to offer retail margin services to Israeli customers.

The 2016 Presidential Election May Not Affect Online Poker

Online poker continues to be low on the priority list for the U.S. presidential hopefuls.
The 2016 Presidential Election will entertain, frustrate and alienate much of the population, but what this one-of-a-kind election is not likely to do is impact the future of online poker.

Republican candidate Donald Trump is a bit of a wild card, with there being reasons for him to support or oppose a federal online gaming ban. He has an endorsement from Las Vegas Sands owner Sheldon Adelson, who has made it his life's work to seek an online gambling ban. However, the two reportedly aren't that chummy and are only aligned because of their common party. Trump's running mate, Indiana Gov. Mike Pence, wrote a letter to the state's congressional delegates last year urging them to support the Adelson-backed Restoration of America's Wire Act (RAWA) online gambling ban.

On the positive side, Trump has owned Atlantic City casinos, where he explored though never got involved in online gaming. He did speak out favorably for online gambling regulation five years ago to Forbes.

But an acting U.S. President has never taken a stance one way or another on internet poker and that isn't likely to change. The truth is that presidents have a lot of issues to address and online gaming isn't a big enough priority to register. Online gambling is far off the radar of Democratic candidate Hillary Clinton.

The Poker Players Alliance isn't endorsing either candidate. The only one who would truly make an impact for online poker is pipe-dream Libertarian candidate Gary Johnson, who spoke to PokerNews in support of online poker prior to the 2012 election.

“The reality is we don't see anybody coming into the White House and making this a priority,” said John Pappas, executive director of the Poker Players Alliance. “Congress will be the real driver of any such legislation and our focus remains on having Congress continue to support the rights of states in this area.”

The biggest concern is that after an election is when Adelson is at his most dangerous. He is the largest donor to candidates from the Republican Party, and when the election ends and the lame-duck Congressional session to end the year begins, you can be sure he will be trying to call in IOUs on those contributions.

Adelson already tipped his hand by getting Sen. Tom Cotton (R-Ark) to introduce this year's version of Restoration of America’s Wire Act last month. The Washington Post reported that the bill's introduction came soon after Adelson made a $20 million donation to the Senate Leadership Fund.

The bill's text is short and vague, but Pappas indicated that this is a sneaky maneuver by design.

The bill appears to recognize the states' rights issues that plagued RAWA, making the language slight enough where it passing wouldn't seem to do much. However, Pappas is afraid it could scare banks away from processing online gaming transactions in states where the activity is licensed and regulated.

Just say no to Sheldon Adelson

When asked by Gambling Compliance’s Tony Batt if he intended to pursue any gambling-related legislation during his final few months in Congress, Reid said, “I, personally, don’t plan on doing anything.”

Reid went on to link the bill to Sheldon Adelson, and speculated that its congressional support is built on campaign donations.

“It’s interesting to me it came about when Adelson gave $20m to the Republican Senate,” Reid said of the Restoration of America’s Wire Act (RAWA) bill introduced by Senator Lindsey Graham (R-SC) and the recent donation by Adelson to Majority Leader Mitch McConnell’s (R-KY) PAC.

“So I think it’s possible that [Adelson’s contribution] could have had something to do with [RAWA],” Reid told GC.

Reid has an on-again-off-again relationship with Adelson, who is diametrically opposed to Reid on the political spectrum but looms large in Reid’s home state of Nevada. This has created a strange dynamic between the two, with Reid alternately criticizing and defending Adelson.

Bitcache bitcoin micropayments affiliate program

 Kim Dotcom, the founder of Megaupload, recently appeared on the RT network’s Keiser Report to discuss the progress of his bitcoin-powered service Bitcache and the launch of Megaupload 2.0 (MU2). During the interview, Dotcom explained that each file transfer encrypted by a third party service provider will be linked to a bitcoin microtransaction that will operate as the core component of its cloud-based affiliate program. In traditional media and advertising markets, an affiliate program means a system where individuals are incentivised with a referral fee or commission when a customer visits a particular web resource. Within the MU2 network, Dotcom’s affiliate program may enable content providers that drive direct traffic to the Megaupload platform to be incentivised through bitcoin micropayments. Each time the cloud-based content is viewed on the Megaupload platform, the network may transfer a very small fraction of payment to the content provider that drove traffic to its affiliate program. As more users or customers continue to view and click the affiliate link, the content provider will receive more micropayments as a reward. “On top of that, we’ll have a solution called Bitcache where every file transfer is linked to a microscopic bitcoin transaction. So, we’re utilizing the blockchain, utilizing this new digital currency and linking it to every file transfer kind of like an affiliate program and the combination of those two things will break new ground,” explained Megaupload founder Kim Dotcom. Considering that Bitcache will be integrated into the new Megaupload cloud storage service as its core component, the MU2 development team will most likely utilize the bitcoin micropayment system as the basis of an affiliate program that will essentially link each file transfer to a transaction broadcasted on a public ledger. However, Dotcom still has failed to specify how Bitcache could overcome the scaling limitations of the bitcoin network and its other technical restrictions to be able to handle an unlimited number of micropayments and transactions.

Israeli P.M Urges Global Ban On Binary Options Trading

In an announcement issued on Friday, Israeli P.M, Benjamin Netanyahu’s office called for a global ban on trading in binary options, Netanyahu’s Office damned the corrupt practices of the binary trading industry and requested from governments worldwide to ban it. The announcement did not detail what additional steps against the binary options trading, if any, Israel is going to use. Issued by the director-general of the Prime Minister’s Office, Eli Groner, the unique announcement began by remarking that the ISA has banned all Israeli binary options brokers from serving Israelis


Power Ledger

Power Ledger enables renewable energy asset owners to decide who they want to sell their excess energy to and at what price. - Using blockchain technology Power Ledger provide a transparent, auditable and automated market trading and clearing mechanism for the benefit of producers and consumers. Power Ledger's technology enables the sale of surplus renewable energy generated at residential and commercial developments (including multi-unit/multi-tenanted) and at homes and businesses connected to existing electricity distribution networks, or within micro-grids. Power Ledger puts the power to manage the energy economy into the hands of consumers while preserving the value of existing distribution networks.


Pokereum DAO

The pokereum DAO is a decentralized autonomous organization, in a more simple title, it's a collective of diverse entities, individuals and autonomous agents cooperating virtually without any geographical or jurisdictional limitations to achieve a common goal : the long-term success of Pokereum. The Pokereum DAO is a living organism reaching consensus to enforce its decisions by the use of autonomous agents and elected delegates.

Membership to the Pokereum DAO requires ownership of transferable access tokens to enforces certain law set forth by the collective. Membership is dynamic and elections to a delegate require related logistical or poker expertise beneficial to DAO members. Autonomous agents enforce the rules of the collective by executing commands; making payouts, revoking or granting access.
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What Stands in the Way of Bitcoin Mass Adoption in Africa

Potentially, Africa’s huge unbanked population combined with the burdensome process of opening and operating a bank account should make Bitcoin an instant hit.

However, its adoption has been irritatingly slow even though the basic infrastructure is not missing. It is estimated that by the end of this decade that 80 percent of the continent’s more than 1.2 bln population would be using Smartphones.

Then what hinders Bitcoin penetration in Africa? Cointelegraph spoke about it with experts in the cryptocurrency community on the so-called dark continent.

Fear of change

Scrutinizing the bottlenecks to penetration, Andrew Tudhope, Bitnation Ambassador of South Africa noted that access to, and interest in, complicated technologies, especially software is the bane. “Who really cares what form one's money takes when one has none?” He asked emphatically.

However, Alakanani ‘Motherpky’ Itireleng who is the Director of the Satoshi Centre in Gaborone, Botswana, thinks it is associated with unconsciousness. She thinks the fear of change and being comfortable with the status coalesce with Africans unwillingness to educate themselves accounts for the current state of the digital currency in Africa.

John Karanga of BitHub.Africa seems to agree with both Andrew and Alakanani on their various Views. The Kenyan Crypto enthusiast noted:

“The main hindrance to adoption of Bitcoin technology, which we do not often talk about, is the lack of awareness and skills to adopt the technology. Bitcoin currently is a sophisticated technology compared to the simplicity of existing platforms like M-Pesa, which my grandmother who does not even speak English can use. The Bitcoin technology needs to get simpler or integrate into other simpler platforms. We also need to get better at educating Africans about this technology.”

Exploring smartphones

Interestingly, there are differing opinions from the three African Cryptocurrency advocates on how pervasiveness of smartphones in Africa can speed adoption. Alakanani believes many Africans are not in the known on the power their smartphones wield.

“What I have realised is most people buy smartphones for prestige and hardly explore the ability these phones have. People often use their phones for calls, SMS and downloading games and music. If people receive the education and are shown how to use these gadgets, maybe we might see adoption,” Alakanani pointed out.

Political change

From the standpoint of view of Andrew it’s partially not the case. According to the Senior Citizen two factors among a few accounts for his observation. He sums it up here:

“Not necessarily, as the situation in Kenya and the recent fuss around BitPesa proves. Obviously, the more people online with smartphones, the better it is for internet-based things (and this goes doubly for money native to the net), but there are a number of factors at work. First, data costs on the African continent remain some of the highest in the world. Second, it remains essentially impossible to run a full node from your phone, and certainly not over mobile networks. While adoption need not require people running full nodes, it means once again being forced into the position of consumers rather than co-creators. Again, I think it is more likely that Bitcoin, and the technological innovations it represents, will form the foundations on which significant social and political changes will take place, and it is not just the smartphones, but the Africans who are using them are the most interesting part of the peer-to-peer equation.”

The CEO of BitHub.Africa slighly agrees with Andrew particularly with internet connectivity and how it is expensive. John’s position was that “Yes, the fast adoption of smartphones across some African countries e.g. Kenya is very encouraging. It means people are connecting to the Internet at an unprecedented rate, allowing them to access more opportunities previously inaccessible to them. Bitcoin just adds fuel to the fire and allows them to transact freely across the globe. Think about Africans living in the diaspora for example, they can now send money directly to their relatives, invest, and therefore contribute to the economies of their respective countries. This is possible through mobile connectivity.”

However, the Eastern African also thinks all is not rosy. “There are a few challenges remaining like the cost of Internet data and the quality of the smartphones but more importantly, we can also see the shift to a mobile digital economy happening.”

Terrorism accusations

In recent times the Kenyan government has been clamping down Bitcoin citing the use of Bitcoin by terrorist as the rationale behind the onslaught. These African experts agree that it is the usual fabrication from the incompetent state.

Alakanani calls it an unsubstantiated accusation which African leaders bereft with ideas, want to stand on & bury Bitcoin in Africa but it will never hold water. In the same vein Andrews rejected the claim outright.

“Not really, I think most are easily and empirically falsifiable, so, don't tend to lose sleep over it. If you ever get the chance, read Judith Butler - she has piles of interesting stuff to say about the (deliberately) never-ending war on terrorism and the way the American state constructs it,” He asserted.

How Africa benefits from Bitcoin

Some pessimist and shortsighted people think Bitcoin is irrelevant to Africans and for that matter adoption won’t take deep roots. John maintained that Africa will gain immensely from the Blockchain/Bitcoin Technology and it is even already reaping the fruits in some parts. This was his stance:

“Bitcoin represents the world's truly trustless system, where it is possible for two parties previously unknown to each other to exchange value (money) over large distances almost instantly without need of a third party mediating the transaction. This fact alone has huge implications on how business, commerce, and essentially trade can happen globally. A digitally connected African today can now access funding, credit, and even trade with counterparts across the globe in real-time because of Bitcoin technology. This presents new challenges on how we as Africans can take advantage of this opportunity.”

How Bitcoin benefits from Africa

On the contrary, Andrew suspects it is the other way round. “I think, rather, that Bitcoin stands a lot to gain from Africans. It is what Africans can bring to Bitcoin a more human face. A deep, traditional, and ingrained notion of community - what we call in South Africa ubuntu - that could interface in ways too many to detail here with technological peer-to-peer networks which aim primarily to establish consensus about a given state of things. The most interesting parts of Bitcoin, for me, having almost nothing to do with money, but rather focus on the political and social consequences of installing a new operating system that runs both how we agree on what has value, as well as how we move that value and put it to us.”

Refreshingly, the experts rejected government involvement and called for civil society involvement in educating Africans about Blockchain/Bitcoin. “We rather need to improve more on educating Africans about what Bitcoin is offering us as a continent,” Alakanani suggested.
Article source: https://cointelegraph.com/news/what-stands-in-the-way-of-bitcoin-mass-adoption-in-africa


China Bitcoin trading pushes price towards $700

The weakening Yuan is continuing to drive Bitcoin trading in China, pushing the cryptocurrency's price towards $700. Bitcoin's price reached a high of $686.80 on 27 October.

Three major Chinese exchanges - Huobi, OKCoin, and BTCC - have reached approximately 7m Bitcoin in a 24 hour period - although this should be taken with a pinch of salt, as there are accusations of trading bots at work to inflate volumes, says Charles Hayter, CEO of CryptoCompare.

Hayter said: "The People's Bank of China's attempts to halt the slide have seen foreign currency reserves dwindle and a large leg up in the price was due to the ceasing of market operations on behalf of the Government that saw the Yuan breach the psychological CNY 6.7 barrier.

"China is also seeing continued regulatory crackdowns on its off-balance sheet Wealth Management Products, again pushing people to look for avenues to extricate and hedge - where Bitcoin fits the bill adequately."

As reported earlier this week, the closing remarks at Bitcoin event in Chengdu about making the block size bigger so Bitcoin can scale up and handle more transactions per second caused a flurry of interest on social media and may have also given the price a pop. The event was hosted by Bitcoin mining giant Bitmain.

"More fundamental to Bitcoin is the feeling in China that there is a solution to the scaling debate in the form of Bitcoin Unlimited - but sorting the propaganda, vested interests, and long-term implications is like unraveling a Gordian Knot," said Hayter.

Other news such as AT&T looking to patent a Bitcoin server has lent weight to the future potential of Bitcoin in microtransactions, and interest in other avenues beyond a simple digital gold.

Trading Bitcoin online with an FX broker

With Bitcoin FX trading the traders are simply speculating on the price movement of bitcoin the trader never need to actually own any. When trading Bitcoin as an FX pair the traders never hold bitcoins in the real sense, so they can take a position to open on bitcoins. The bitcoin price settlement is based on a combination of real time prices provided directly by some of the world’s leading bitcoin exchanges such as BTC-e.com. Bitcoin value is extremely volatile, this fact makes the trade very risky or on the other hand very profitable.


Germany’s states have reached agreement on a new gambling treaty, scrapping the cap on the number of available licenses and possibly authorizing casino products.

On Friday, the German Prime Minister’s Conference in Warnemünde issued a press release stating that agreement had been reached between the 16 German Länder on the broad strokes of a new State Treaty on Gambling, promising an end to the chaos that has paralyzed Germany’s gambling industry since the previous treaty was approved in 2012.

The release states that the previous treaty’s restriction on issuing no more than 20 sports betting licenses will be scrapped. Licenses will now be awarded based on “minimum quality standards.”

Germany issued 20 sportsbook licenses in September 2014 but court challenges by operators left out in the cold have prevented these licenses from taking effect. Various courts in Germany and at the European Union have slammed the original license application process as fundamentally flawed, leading to widespread calls for a licensing do-over.

In even more encouraging news, German gaming regulators have been asked to study other European regulated online gambling markets to “analyze the current actual development in the field of online casino offers.”

While not a de facto green light, Germany has previously balked at anything to do with online casino gambling, so this is a significant shift. The statement failed to specify whether online poker would fit into this category.

The casino news comes just one week after a new German Online Casino Association (Deutsche Online Casinoverband – DOCV) formed to press the government on relaxing its sports-only gambling policy. Eight companies, including William Hill and Tipico, form the nucleus of the DOCV.

Friday’s statement also said regulators would look to swap the previous monthly wagering limit of €1k with a monthly loss limit of €1k. But as proof that protectionist impulses die hard, the statement also calls for the creation of a public institution tasked with strengthening enforcement actions against unauthorized online operators.

Mathias Dahms, president of the German Sports Betting Association (DSWV) said Friday’s news “makes us hopeful,” but urged legislators to follow through on their promises by “consistently” implementing their proposals.

Chinese investors are likely to invest in gold and bitcoin

The trend in USD/CNH  (China Offshore Spot) and USD/CNY is clearly distinguished, with the yuan having fallen just over 12% since the January 2014 lows. when we notice the USD/CNY moving progressively higher without any major breakout in range expansion, you can expect Chinese investors to look very closely at investing in gold and bitcoin. Bitcoin especially has a strong correlation with USD/CNY , so this could be an attractive asset to put on the radar.

Binary Options Volumes in Japan Rebounds from Second Lowest Month Ever

Binary Options Volumes in Japan Rebounds from Second Lowest Month Ever

The Financial Futures Association of Japan (FFAJ) has filed its monthly report about the latest trends in binary options trading in the country. Trading activity amongst Japanese traders rebounded by about 7.5 per cent last month with the latest industry trends pointing towards further consolidation in the industry.

Traders of binary options have been realizing less and less volumes in Japan as the product’s popularity has somewhat decreased since the FFAJ has officially started tracking all 7 binary options brokerages in the country.

After hitting a peak at around ¥117.5 billion in April 2014, traders are currently transacting almost three times less volumes with the total for the month of September hitting ¥37.8 billion. While figure rebounded by 7.5 per cent when compared to August, the number is lower by over 17.5 per cent when compared to September last year.

Looking at the latest industry trends, binary options brokerages have been experiencing difficulties not only in Japan. A list of regulatory challenges outlined by European regulators has put a lid on a series of controversial marketing practices for regulated brokerages.

With the unregulated part of the industry storming into the market place once more, European financial industry supervisors are yet to find an effective method to tackle the issues that are facing retail clients.

Regulated binary options brokerages servicing Japanese clients have also been affected by the recent resurgence of unregulated brands, that are using high pressure sales tactics to onboard more customers.

Article source http://www.financemagnates.com/binary-options/brokers/binary-options-volumes-japan-rebounds-second-lowest-month-ever/ 
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Aussies, take your finances into your own hands

More and more Australian citizens are taking to financial instruments in order to earn themselves a little extra income, or as an alternative to normal, remunerated employment.

The advent of the internet has opened up a world of possibilities to Australian-based wannabe traders. There are numerous brokers available on the internet at which citizens have the opportunity to trade in assets, commodities, currencies (also known as foreign exchanges or forex) and binary options.

Of those possibilities, binary options is considered the easiest to understand for the layman trader. There can only be two results following the completion of a binary options trade – win or lose. You ‘bet’ on the value of something (typically a currency) rising or falling within a specific timeframe. If you win, you receive back double what you risked, less your broker’s commission. If you lose, you lose your ‘stake’.

There is a complexity with binary options trading though, and that comes via the involvement of the Australian Securities and Investment Commission (ASIC).

ASIC does not seem to like binary options trading …

… and here’s why. In Europe and a few other parts of the world, binary options trading is regarded as gambling. In many European jurisdictions gambling is free from taxation.

In Australia it’s a very different case. Capital Gains Tax (CGT) is payable on profits from market investments, and this includes trading in binary options.

ASIC are finding binary options brokers very bothersome to police. That’s because the majority of binary options brokers (the company with whom a trader places their trades) are offshore. Most of them operate via Europe and Asia – Cyprus and Israel are particular binary options hotbeds.

ASIC’s initial solution was to ban trading in binary options outright. However, that ban has since been relaxed – it is now legal to trade in binary options as long as it is done at an ASIC-approved broker.

ASIC is tough on brokers and affiliates that break the rules

Not only is it illegal for a non-licensed broker to provide binary options trading services to Australian citizens, it’s also illegal for such brokers to even advertise their services to Australians. This illegality even stretches as far as affiliates – companies that act as marketing agents for brokers.

ASIC does not take the flaunting of its rules too kindly. In July 2016 ASIC handed out notices to forty binary options brokers that had engaged in unregulated activities. This crackdown also extended to binary options broker affiliates sites, forex brokers and CFDs brokers.

Of the brokers that were contacted, twenty-one expressed a willingness to obtain an ASIC licence. It was not just small brokers that were ‘banned’ from offering services to Australian citizens. One of the largest brokers available on the internet – Banc De Binary – was placed on the ‘do not do business with this company’ watchlist, and remains there.

How Australian traders can make certain they are legitimate

ASIC is not only concerned about making sure traders are paying all the tax they are liable for. They are also there to protect traders from one of the biggest issues facing those wishing to trade in binary options – bogus brokers.

There are daily reports of yet another broker being unveiled as a scam artist, and traders are losing thousands of dollars to bogus brokers every day. Unscrupulous brokers ask for a small investment when a trader signs up with them, then convinces the trader to invest more once their initial trading starts paying dividends. That’s when the contact stops, and the trader’s requests to withdraw their money are ignored.

Only genuine binary options brokers are awarded ASIC licences. If you are an Australian citizen who wishes to partake in binary options trading, then the first important step is to make you use only a ASIC-licensed broker. Any such broker should display their licensing at the bottom of the landing page of their site, or you can contact them or ASIC to check that they have the appropriate licences in place.

Worldpay sanctioned by French government for processing payments from Israeli FX fraudsters takes banks to court

In the next part of the investigation into 15 Israeli executives that ran a series of separate firms which stole a fortune from French customers, France applies sanctions to Worldpay for processing the payments, and takes major banks to court for failing to check what the payments were for.

The inter-governmental onslaught that is faced by the rogue binary options business is gaining, even more, ground.

Last week, Israel Securities Authority (ISA) Chairman Professor Shmuel Hauser requested permission from Israel’s Attorney General Amichal Mandelblit to amend the law to make it a felony to market binary options from any corporate structure within Israel, vowing to put an end to the fraudulent global binary options business at the same time showing his disdain for the unregulated ‘closed system’ firms purporting to offer FX trading to retail customers which in reality were stealing funds, never processing orders, before cutting and running.

Professor Hauser’s cross-border legislative intentions are very much in full swing, and many individual countries this year have outlawed binary options categorically, those being France, Belgium, Holland, Germany, Denmark and Israel (domestic market), with the US having implemented a ban on OTC binary options five years ago.

France, a nation which was an early target by French-speaking Israel-based sales floors of unregulated companies offering FX services but actually not transferring any orders to a live market and manipulating platforms, took extreme umbrage a few months ago by establishing a working relationship with the Israeli police to arrest and sentence 15 ‘executives’ from fraudulent firms that have stolen, according to French authorities, an average of 210,000 Euros from each victim, amounting to tens of millions of Euros in total.

Now, the French government has taken a similar stance, sanctioning London Stock Exchange-listed payment processing provider Worldpay for processing the payments of companies which have defrauded French customers out of such a vast sum of money on false pretenses.

The sanctions against Worldpay represent a similar action to how the US has begun stopping fraudsters illegally continuing to steal from members of the public in nations where it is illegal, by going after the payment processors, which would subsequently make it impossible to do business in those nations even if a fraudster wanted to.

In court on September 15 this year, the second part of the Israeli-French joint criminal investigation into 15 executives took place in the form of Worldpay having been handed a fine of 1 million Euros, and applied to the Sanctions List in France.

The French authorities have noted that Worldpay has provided services to bforex, Aston Market, FXGM, 4XP, Sisma Capital and Tradaxa, all of which are under criminal investigation, along with their directors, some of whom are still at large.

French judge Buresi visited Israel in April 2016. The Israeli authorities are actively cooperating with countries that request assistance with regard to bringing the felons to book.

In an interview with Times of Israel 16 August 2016, Professor Hauser said he was “disgusted by fraud Forex as a regulator but also as a citizen.” The State of Israel has banned companies based in the country to explore the domestic market, which the French government refused to do, despite suggestions in the sense of the Financial Markets Authority (AMF), according to a French-language report that was released at the time of the court case.

France is attempting to regain the trust of the public in its national regulator, AMF, after Yigal Felix Haddad, CEO of Aston Market was only jailed for five months in 2015 for alleged embezzlement and released to enjoy the proceeds of his crimes with very little punishment.

The unregulated brokerages in question have been accused of operating without regulatory approval in any jurisdiction, and soliciting clients either online or by phone, promising annual returns of 20%, 30%, and even 88%, for derivatives trading, most commonly Foreign Exchange, with certain investment products guaranteeing the total amount invested during the first year.

Investigators have alleged that they disguised themselves as representatives of the company’s offices in London or Paris to induce a more credible approach and have them convinced that the money would be transferred to European banks such as ING, RBS or HSBC. Instead, it was moved outside the EU, mostly to Israel, Georgia or Singapore, and offshore tax havens Seychelles, Belize, and the British Virgin Islands.

Given that the French prosecutor said that the investigations ongoing regard to 50 cases, 500 victims, and a total sum of €105 million, then the average scam must have been worth €210,000. French economic daily ´Les Echo’ estimates the volume ranges from €100,000 and €500,000 for each victim.

Two employees at 4XP were already charged by the French police, according to the French press. One of them was involved in a hate crime against a Palestinian taxi driver in 2007. The second employee, Jeremias C., was arrested in a suite of a luxury hotel in Paris last November. He was carrying €6,000 in cash in €50 bills, claiming he earned it playing poker. He paid bail of €80,000 and the directors of the other firms involved have yet to face the music.

Mainstream media across the world is highlighting the non-financial markets orientated nature of these disguised gambling platforms that are weighted in favor of the house and pose as financial investment platforms, the Times in Britain having labeled them a ‘complete fraud’ and several governments working together now to extinguish it – which would indeed be for the greater good of the genuine electronic financial services industry.

Last week, the United States Department of Treasury sanctioned PacNet, (of which Counting House – a firm which processes many binary options payments) is a subsidiary, which is also subject, along with its directors, to the sanctions, its operation now ceased globally and labeled a criminal organization by the US government.

A smart move on the part of the US government, especially bearing in mind that many binary options firms have the audacity to break US law en masse by continuing to solicit US based customers using dedicated algorithmic payment services which disguise the nature of the transaction from merchant service providers (such as Visa or Mastercard) which would block any deposits to such a firm.

France goes after the banks for not conducting due diligence when dealing with fraudsters

In addition to the sanctions on payment processors, France holds the banks responsible for not checking where payments were coming from and being sent to.

Member of the Bar of Paris and Tel Aviv, Deborah Abitbol is one of the lawyers following the case for the plaintiffs.

According to Justice Abitbol, “We have engaged the responsibility of banks. You have a client, not especially wealthy. All his savings are siphoned off in two months by transfers abroad. The regulation is clear, a bank must report abnormal movements.”



Dutch appeals court rules binary options broker OptionClub to keep local license

The Trade and Industry Appeals Tribunal of Netherlands has ruled against the appeal of local financial watchdog, the Authority for the Financial Markets (AFM), against the licensing of binary options broker Optieclub.NL B.V., doing business as OptionClub, the regulator said earlier this week. The court declared the AFM’s appeal to be without foundation.

After the AFM rejected earlier OptionClub’s license application, the District Court of Rotterdam instructed the regulator to grant the broker a license. The AFM then appealed the court’s decision but faced rejection on the part of the appeals court. As a licensee in an EU member state, OptionClub automatically gains access to the markets in all countries of the European Economic Area (EEA). It can (after receiving authorization, if required) open offices, target clients in, and provide financial services in all member states without having to obtain an additional license. The broker has already received authorization to do business in the UK, Germany, France, Spain, Italy, Sweden, and Denmark.

“The AFM is disappointed with the ruling,” the watchdog said in a statement, referring to the latest decision. “Optieclub is a party offering binary options online. In the view of the AFM, binary options by nature qualify as a game of chance and Optieclub is in contravention of the Betting and Gaming Act,” it added, noting that binary options do not meet criteria that financial service providers must take account of, such as cost-effective, useful, safe and comprehensible operations.

The regulator said that, in addition to the above-said, it refused to grant a license to OptionClub since it finds it finds it to act “in contravention of the rules governing ethical business operations”. According to the appeals court, however, the AFM is not in its authority to establish contravention of the Betting and Gaming Act, which falls under the jurisdiction of the Dutch Gaming Authority. Moreover, the court did not consider the fact that OptionClub offers trading in binary options instruments to be an indisputable breach of socially acceptable standards.

The news about the OptionClub license comes about three weeks after the AFM announced it is collaborating with the country’s Minister of Finance to prepare a bill that would ban the advertising of toxic investment products, binary options included, to consumers in the Netherlands. In its latest statement, the regulator again put an emphasis on the risks of trading in this type of binaries. Recently, it has been taking a strong stance against binary options instruments, as it considers them risky.

“The advertisements for these investments entice consumers with the prospect of earning a lot of money quickly. The reality is that people very easily lose all of their investment,” it noted.

The Netherlands is not alone in their fight against binary options. Many other authorities in Western Europe also support the idea that binary options should be banned, but this is a hard task to take on. They are taking steps towards prohibited their advertisement, as a start. France also announced recently that it is in the process of developing a bill that would prohibit online advertising of “highly speculative and risky financial contracts”, such as binary options, forex and contracts for difference (CFDs) with a leverage greater than 5:1. Germany is another country where authorities consider the possibility of banning the marketing of such instruments, but this is rather just an idea at this point and is not expected to happen in the near future.

So far, Belgium is the only country in Western Europe which has taken actual steps. It banned from 18 August the distribution via online channels of over-the-counter (OTC) binary options, spot forex, and CFDs with leverage.

Binary options are a very controversial trading instrument. They are the closest thing to gambling in the online trading world. Investors guess whether the price of a certain instrument would go upwards or downwards within a pre-determined time frame. Once the time is up, the option is deemed expired and the bet is settled. Depending on the outcome, a trader either collects a profit or loses money.

In most jurisdictions, binary options are regulated, in others, they are not lawfully allowed, while in third they are not forbidden, but neither are there any authorized brokers that offer them. In the UK and Cyprus, the country of choice for most brokers licensed in Europe, binary options are regulated. In Great Britain, they fall under the supervision of the Gambling Commission, while in Cyprus they are regulated by the Cyprus Securities and Exchange Commission (CySEC). Both authorities have alerted about receiving an increased number of complaints against binary options brokers. In this concern, the Cypriot financial watchdog introduced earlier this year tougher rules on entities that offer this type of instruments.

Evolution Gaming reports an increasing demand for Live Dealer Casino games

  Evolution Gaming has signed a deal to provide its live casino solutions to Swedish gaming operator Cherry and its portfolio of brands.
Cherry will have access to Evolution’s full range of live dealer games streamed from its studio in Latvia across brands including Cherrycasino.com, Sunmaker.com, Norgespill.com, EuroLotto.com and the recently acquired ComeOn.

Sweden’s Evolution Gaming recently report a 47 percent increase revenues during the third quarter of this year as a result of closing some key deals with land-based casinos in Europe. Evolution Gaming is one the leading live dealer gaming supplier.
 The Online sportsbook Tempobet has launched an extended Live Casino with Evolution Gaming, streaming live footage simultaneously from both Malta and Latvia.

Tempobet's branded studio will host no less than 12 Blackjack tables, as well as  one of the first to feature Evolution's Immersive Lite Roulette.

The innovative Live Deal Casino, which features five HD cameras, allows players to follow every spin of the wheel and bounce of the ball, as well as showcasing the stunning new branded environment.

The deal also includes some of Evolution’s localized live casino services, which are native speaking dealer tables streamed from Evolution’s Malta studio.

Bitcoin Tops List of Paid Keywords Sought by Retail Brokers.

Bitcoin is the most sought after paid keyword by online FX, binary options, and CFD trading firms, as revealed today by Finance Magnates Intelligence Department, here to help brokers decide where to invest their precious marketing resources.

The top five paid keywords are ‘bitcoin’, ‘binary trading’, ‘stock market’, ‘CMC’ and ‘+500’. People interested in the stock market are obviously a demographic that will be the main target for CFD brokers and anyone searching for binary trading is primed for binary options companies. CMC and Plus500 are leading brokers in the UK and therefore competitors will try to reach their clientele and draw them to switch.

Bitcoin is therefore not just the only asset on the list, beating out gold and oil that are always very popular terms, but the only one not directly associated with traditional online trading. This shows that retail brokers understand that cryptocurrency traders are the new generation of traders and not a passing fad


UK regulator finds examples of customers subjected to ‘potentially unfair treatment’

 Online gambling companies in the UK are facing a regulatory investigation into potentially unfair practices, such as the cancellation of winning bets and tough conditions around receiving payouts. On Friday, Britain’s Competition and Markets Authority said an initial review of the industry had “highlighted examples of potentially unfair treatment”, including users being forced to play for longer than expected before they can withdraw winnings and companies having “wide discretion” to cancel bets or alter odds after wagers have been placed. “Gambling inevitably involves taking a risk, but it shouldn’t be a con,” said Nisha Arora, the regulator’s senior director for consumer enforcement. “We are worried players are losing out because gambling sites are making it too difficult for them to understand the terms on which they’re playing, and may not be giving them a fair deal.” The CMA said 5.5m people in the UK regularly use online gambling sites, creating an industry worth £4bn a year. Among the issues the regulator will investigate are complaints that punters are unable to withdraw deposits when they choose to stop playing, the ability of companies to change odds or cancel bets after saying they made a mistake, and short time limits for players to register complaints. Sarah Harrison, chief executive of the Gambling Commission, the UK’s regulatory body for gambling, said “operators are still not doing enough”, adding that many “appear to bamboozle rather than help the customer make informed choices”. The CMA said it was requesting evidence from companies and website users as part of its investigation. The move comes at a time that UK gambling companies complain that they are facing increased taxes and regulatory burdens that are damaging their earnings. In December 2014, the government introduced a “point of consumption tax” — a 15 per cent levy on gambling no matter where bets are made, and bookmakers including Paddy Power Betfair, GVC and 888 Holdings are among those to say profits have been hit as a result. But one gambling industry executive said: “I’m not surprised [the CMA] is taking a look, because everyone is making far too much money.” Increased regulation is one of the main reasons behind a wave of consolidation hitting the industry. Rivals Betfair and Paddy Power combined this year, and Ladbrokes and Gala Coral are in the final stages of finalising a merger. GVC Holdings, owner of Sportingbet, bought Bwin.party last year after outbidding 888 Holdings. William Hill and Canadian group Amaya, owner of Pokerstars, the world’s largest online poker company by number of users, called off talks over a £4.6bn merger this week. William Hill shareholders expressed reservations over the deal, but one person close to Amaya said the merger also faced hurdles from its investors due to an expected UK government review into gambling machines. The likely “triennial review” could lead to restrictions on fixed odds betting terminals within betting shops, which represent a significant revenue stream for bookmakers on Britain’s high street. Activist groups like the Campaign for Fairer Gambling argue that these terminals are the “crack cocaine” of gambling and disproportionately attract problem users — an allegation denied by bookmakers.
Article source: https://www.ft.com/content/09fbf882-9764-11e6-a1dc-bdf38d484582


How a CFD Works

contract for difference (CFD)  is a tradable financial instrument that reflects the movements of the asset's price underlying it. It allows for profits or losses to be realized when the underlying asset's price changes in relation to the position taken, but the actual underlying asset is never owned. Essentially, it is a bet between the client and the broker.

How a CFD Works
If an asset has an ask price of $10.00 and 100 units are bought at this price, the cost of the transaction is $1,000. With a traditional broker, using a 50% margin, the trade would require at least a $1,000 cash outlay from the trader. With a CFD broker, often only a 5% margin is required, so this trade can be entered for a cash outlay of only $50.00/

It should be noted that when a CFD trade is entered, the position will show a loss equal to the size of the spread. So if the spread is 5 cents with the CFD broker, the unit will need to appreciate 5 cents for the position to be at a break-even price. If you owned the stock outright, you would be seeing a 5-cent gain, yet you would have paid a commission and have a larger capital outlay. Herein lies the trade-off.
f the underlying stock were to continue to appreciate and the stock reached a bid price of $10.50, the owned stock can be sold for a $50 gain or $50/$1000=5% profit. At the point the underlying stock is at $10.50, the CFD bid price may only be $10.48. Since the trader must exit the CFD trade at the bid price, and the spread in the CFD is likely larger than it is in the actual stock market, a few cents in profit are likely to be given up. Therefore, the CFD gain is an estimated $48 or $48/$100.00=48% return on investment. The CFD may also require the trader to buy at a higher initial price, $10.28 for example. Even so, the $46 to $48 is a real profit from the CFD, where as the $50 profit from owning the stock does not account for commissions or other fees. In this case, it is likely the CFD put more money in the trader's pocket.


IG Group Holdings (LON:IGG) New Price Targets

Recently stock market broker analysts have updated their ratings and price targets on shares of IG Group Holdings (LON:IGG).

The latest broker reports which are currently outstanding on Tuesday 25th of October note 3 analysts have a rating of “strong buy”, 0 analysts “buy”, 2 analysts “neutral”, 0 analysts “sell” and 1 analysts “strong sell”.

Most recent analyst ratings:

30/09/2016 – IG Group Holdings had its “Hold” rating reiterated by analysts at numis. They now have a GBP 794.00p price target on the stock.

20/07/2016 – IG Group Holdings had its “Sector perform” rating reiterated by analysts at RBC Capital Markets. They now have a GBP 865.00p price target on the stock.

08/07/2016 – IG Group Holdings had its “Sell” rating reiterated by analysts at FinnCap.

30/06/2016 – IG Group Holdings had its “Overweight” rating reiterated by analysts at Barclays. They now have a GBP 900.00p price target on the stock.

03/06/2016 – IG Group Holdings had its “Sector perform” rating reiterated by analysts at RBC Capital Markets. They now have a GBP 815.00p price target on the stock.

31/05/2016 – IG Group Holdings had its “Sell” rating reiterated by analysts at Shore Capital.

23/02/2016 – IG Group Holdings had its “Sector perform” rating reiterated by analysts at RBC Capital Markets. They now have a GBP 800.00p price target on the stock.

19/01/2016 – IG Group Holdings had its “Hold” rating reiterated by analysts at numis. They now have a GBP 735.00p price target on the stock.

19/01/2016 – IG Group Holdings had its “Sell” rating reiterated by analysts at Shore Capital.

30/11/2015 – IG Group Holdings had its “Hold” rating reiterated by analysts at numis. They now have a GBP 735.00p price target on the stock.

11/11/2015 – IG Group Holdings had its “Overweight” rating reiterated by analysts at Barclays. They now have a GBP 780.00p price target on the stock.

29/10/2015 – IG Group Holdings had its “Sell” rating reiterated by analysts at Shore Capital.

29/10/2015 – IG Group Holdings had its “Buy” rating reiterated by analysts at Nomura. They now have a GBP 850.00p price target on the stock.

IG Group Holdings has a 50 day moving average of 884.31 and a 200 day moving average of 839.89. The stock’s market capitalization is 3.01B, it has a 52-week low of 696.00 and a 52-week high of 967.64.

The share price of the company (LON:IGG) was down -1.20% during the last trading session, with a high of 840.00 during the day and the volume of IG Group Holdings shares traded was 571300.

IG Group Holdings plc is a United Kingdom-based company, which is engaged in online trading. The Company provides contracts for difference (CFDs) in over 17 countries globally. The Company’s segments include UK, Australia, Europe and Rest of World. The UK segment consists of its operations in the United Kingdom and Ireland, and derives its revenue from financial spread bets, CFDs, binary options and execution only stockbroking. The Australian segment derives its revenue from CFDs and binary options. The Europe segment consists of its operations in France, Germany, Italy, Luxembourg, the Netherlands, Norway, Spain, Sweden and Switzerland, and derives its revenue from CFDs, binary options and execution only stockbroking. The Rest of World segment consists of its operations in Japan, South Africa, Singapore, the United States, the United Arab Emirates and Dubai, and derives revenue from the operation of a regulated futures and options exchange, as well as CFDs and binary options.

Sweden’s online gambling market

Sweden’s regulated online gambling market grew faster than international Swedish-facing operators last year, according to the country’s gambling regulator.

Preliminary stats for 2015 released by Sweden’s Lotteriinspektionen gaming overseer said the regulated market boasted turnover of SEK 45.6b ($5.3b), up 1.5% from 2014’s total. Total gaming revenue was also up 1.5% to SEK 16.7b.

Total online gambling revenue last year came to around SEK 8b, up around 7% from 2014. Lotteriinspektionen estimates that international operators serving the market without a Swedish license – mainly because Sweden doesn’t currently issue licenses to bloody foreigners – claimed around SEK 4.4b of this sum.
In October 2014, the European Commission sued Sweden over its online gaming monopolies, claiming the monopolies breach EU law on the free movement of services. The Swedish government has asserted it intends to speed up work that would eventually lead to licensing outside operators. But in February 2015, Sweden's Minister for Public Administration said Sweden won't open the market to foreign operators until the country has a budget that allows it to do so.

In October 2015, some progress was finally made, and Sweden began a review of its existing online gambling framework. The deadline for establishing new gambling laws in the country to meet EU requirements is September 2018.

OCTOBER 14, 2016
 Sweden’s plans to liberalize its online gambling market would best be served by imposing a revenue tax rate of between 15% and 20%, according to a new industry-funded report.
Swedish developer and supplier of products specifically intended for the iGaming industry NetEnt today posted its financial results for the three months ended September 30, 2016. The company reported yet another robust quarter with key performance indicators growing substantially.

Quadrillion Dollar Derivatives Market 20 Times Global GDP

Markus Stanley: Derivative bets not a zero sum game, have far reaching real world consequencesThe Quadrillion Dollar Derivatives Debt Implosion Is About to Begin.The derivatives markets smell this. This is why Deutsche Bank (DB) which sits on the largest derivatives book in the world, is on the verge of taking out a 20 year Head and Shoulders pattern.

Smaller countries dominate the new FM Intelligence binary options index,

A new report from the Finance Magnates Intelligence Department shows that smaller countries around the world are outperforming much larger markets in terms of binary options deposits. This counter-intuitive result exemplifies the need for data driven decision making in the online trading brokerage business where common sense is not necessarily always correct.

The top ten deposit sources for binary options firms, normalized for the size of the national economy per capita, in descending order, are Croatia, Portugal, Malta, Hong Kong, Kuwait, New Zealand, the United Kingdom, Ireland, Australia and lastly the United States. The most represented regions of the world here are Europe and Asia-Pacific with the small oil rich nation of Kuwait the only representation from the Middle East despite recent years’ growth in the industry’s investment in the region.

Especially surprising is that Croatia, Hong Kong and Ireland (all at over the $4000 level) are way above the US, UK and Australia not only in normalized per capita deposits but in actual dollars as well. The US, despite having one of the richests populations in the world, is dead last in the top ten index but considering all the limitations on American binary options traders and brokers maybe it’s just luck that it made it to the list at all.

Online gambling sites probed by CMA over complicated rules Online gambling sites probed by CMA over complicated rules

The competition and markets authority (CMA) has launched an enquiry into whether customers are treated fairly on online gambling sites.
Onling gambling has risen in recent times with 5.5m people in the UK regularly logging on to betting websites.
The competition watchdog said many people found it difficult to win the money they were expecting due to complicated terms set by the sites.
"Gambling inevitably involves taking a risk, but it shouldn't be a con. We've heard worrying complaints suggesting people may be lured into signing up for promotions with little chance of winning because of unfair and complex conditions,"said Nisha Arora, the CMA's senior director for consumer enforcement.
Gambling sites usually advertise welcome bonuses of up to several thousand pound or “free bets”. The small print however may exclude certain games from the deal or require customers to spend large sums of money before they can qualify.
The CMA is also concerned that customers will find it difficult to withdraw their deposit when they want to stop playing or challenge decisions made by the site. Complaints have to sometimes be made within a week and betting sites can alter the odds without the knowledge of the gamers.
The industry have agreed to work alongside the CMA on the inquiry.
Chief executive of the Gambling Commission Sarah Harrison said: "Gambling, by its very nature, is always going to involve risk, but customers must have faith that if they win, they will not end up feeling that the deck is stacked against them because of an obscure condition that they did not properly understand."
"However, operators are still not doing enough. I continue to have concerns that many of these appear to bamboozle rather than help the customer make informed choices," she added.
Campaign group, Justice4Punters, claimed bookmakers were targeting players who use logic and mathematics to win on a regular basis by either closing their accounts or refusing to pay out until certain conditions were honoured.
The Remote Gambling Association however sad there was no reason to believe there were widespread failings amongst its members.
The investigation could result in enforcement action against individual gaming sites or prosecution in the courts.
Article source http://www.digitallook.com/news/news-and-announcements/online-gambling-sites-probed-by-cma-over-complicated-rules--1776936.html

Related links:

Hong Kong’s SFC warns against binary options broker OptionRally

Hong Kong’s Securities and Futures Commission (SFC) has earlier today updated its Alert List, with the new additions including binary options broker OptionRally.

The watchdog says the company, operating through www.optionrally.com, is not licensed to offer its services to Hong Kong residents.

The SFC specifically refers to the address that OptionRally provides via its website: Level 5, 7 and 8, Two Exchange Square, 8 Connaught Place, Central, Hong Kong. The regulator notes that the company gives the above Hong Kong address but it is not located there.

The SFC adds that OptionRally is also listed on the Investors Warning List of the Ontario Securities Commission, the Investment Caution List of the British Columbia Securities Commission and the Warning List of the Swiss Financial Market Supervisory Authority.
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Why online gambling fits with a local tax share resolution

Imagine you’re a Pennsylvania lawmaker, and there isn’t a casino in your county. However, your district is surrounded on three of its four sides by counties with casinos, all of which benefit from the local tax share, with several million dollars flowing into their coffers each year.
In this scenario, your primary goal isn’t to reinstate the local tax share, as you and your constituents receive no benefit from it. Instead, it’s to revisit the way taxes are distributed throughout the state and see if you can get some of those tax dollars to trickle into your county.
In effect, you’re arguing that not only does the language need to be fixed, but the original distribution method devised back in 2004 is unfair, and your county is deserving of some of the money. Your goal is to convince your colleagues to change the way the $141 million is distributed.
Where things get complicated is when you try to figure out from where the new slices of the money pie are going to come.
There are basically two options:
The other counties could take a smaller slice.
The size of the pie could be increased by upping the payment casinos are asked to make.

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BTCLevels.com- a Bitcoin binary options trading platform

BTCLevels is a website where investors can make money simpley by forecasting short-term Bitcoin exchange rate fluctuations. BTCLevels is a user-friendly, simple, and easy-to-understand interface and a smart trading mode that lets bitcoin investors hedge their positions.The trading in BTCLevel is based the lastest price rates that it receives directly from HitBTC, one of the major BTC exchanges online.


IFSC Warns Against Second Binary Options Firm in a Week

 The Belize financial watchdog, the International Financial Services Commission of Belize (IFSC), today published its second warning this week against a binary options firm for not holding a licence.
According to the watchdog, BinaryOptionInvestors, an online brokerage operating online via www.binaryoptionsinvestors.com, and specialising in trading currency pairs and commodities, has been falsely claiming to be located at Leninsky Prospekt, 34 Moscow Russia and holding a licence issued by the IFSC for Brokerage, Consultancy and Advisory Services in Foreign Exchange.

The IFSC has confirmed that “BinaryOptionInvestors is not licensed by the IFSC or any other competent authority in Belize to engage in any type of trading business.


From Israel via London, an online gambling scam traps thousands

NRGbinary helped punters bet on currency movements. When they lost their money, they discovered the business was hiding in the gaps between regulators. RAMAT GAN, Israel – In early 2013, a young Israeli businessman registered a web domain in London for a company called NRGbinary.com. The online options trading website offered clients the opportunity to make large amounts of money from simple bets on the movement of financial markets, stocks and commodities. But there were a few peculiarities to the company. While it was initially registered in Britain, NRGbinary was run from Israel and sold its products to clients in the Middle East, Canada and South Africa. Within months it had shifted its registration to Cyprus and then to the Seychelles. Within two years, according to London lawyers and scores of former clients, around a dozen of whom spoke to Reuters, NRGbinary and other companies linked to the same parent group had defrauded hundreds of people out of anywhere between $10,000 and several hundreds of thousands of dollars.

The Financial Conduct Authority (FCA) does not regulate binary options

At present binary options are regulated by the UK’s Gambling Commission, but only if the broker has  equipment located in the UK.

If this is not the case, any binary options that the firm offers will not be regulated either by the Gambling Commission or by  the FCA.

Since the European Union (EU) countries consider binary options to be a financial, rather than a gambling product. Under EU financial services law, firms which are legally established and authorised in one European Economic Area (EEA) country - the EEA encompasses all EU countries as well as Norway, Lichtenstein, and Iceland - are entitled to do business in any other EEA country once certain procedural safeguards are met.

This means that although the FCA does not currently regulate binary options, brokers offering binary options trading which operate as financial services firms in other EEA countries, are able to do business in the UK and consequently appear on the FCA's Register of financial services firms.

Bitcoin-Powered Trading Platform Whaleclub Reports 10,000 Users

Whaleclub is a new bitcoin startup that allows anyone to trade the financial markets by using bitcoin, without the need for a bank account. Traders can go long or short on cryptocurrencies, forex, commodities, indices, and stocks, using bitcoin as opposed to fiat currency.

In this exclusive interview with Finance Magnates, one of the top executives in the venture reports that since Whaleclub was launched in January of this year, 10,000 traders have traded over $100 million USD. Current trading volume on Whaleclub is about 60% regular trading and 40% leveraged ‘turbo trading’.

Petar Zivkovski is Whaleclub’s chief operating officer. He has many years of experience in finance and trading – specifically equities and FX, starting in 2002. He has worked as a junior trader, then later as a senior trader on small caps, and also as an individual trader trading private external capital.

“Since 2013, I’ve traded cryptocurrencies, particularly bitcoin, and built trading systems around that including automation, arbitrage, front-end systems, and others. In doing so, I discovered the potential of digital currency and how it can have significant advantages over fiat in specific use cases around speed, efficiency, borderless transactions, and anonymity. Trading of financial markets was one of those use cases and that’s how Whaleclub started.”

How to Deposit Your Cryptocurrency at an Online Casino

Unlike years back, Bitcoins are now accepted as a payment method in many quality online casinos. And not only can you find them with well-established operators, but you can also find new Bitcoin-only casinos where you can play safe, anonymous, and without the fees that other banking methods incur.

But despite the availability and benefits of Bitcoin casinos, many people still stick to traditional payment methods just because they don’t quite understand how the whole transaction process works.

So, if you’re one of those people and you need some help getting through the basics, keep reading for our simplified guide on how to deposit effortlessly in a Bitcoin casino.

Creating a Wallet

First and foremost, you will need a Bitcoin wallet to be able to receive and send payments. Just like digital payment services like Paypal or Payoneer, a Bitcoin wallet is your private bank account which you can use for transactions, the only difference being that you will not have to disclose your information.

There are two types of wallets that you can use: web-based wallet service and desktop wallets. Web wallets are the more convenient option as they are simpler to use, while a desktop wallet is actually software that you install on your computer. There are hundreds of wallet services online and the one you choose will mostly depend on your personal preference.

Desktop wallets are normally considered more secure, as they don’t work through a third-party online software, but this doesn’t always have to be the case. That’s why it’s always good to take some precautions to secure your wallet.

Loading it With Bitcoins

Once you create your wallet, you will be given your own Bitcoin address that you can buy and sell with. To get your Bitcoins, you will need to use any of the following options:

Your wallet – You should be able to buy Bitcoins directly through your wallet;
Bitcoin exchanges – Exchange services like BTC China or Bitstamp where you can trade a number of currencies for Bitcoins/other digital currencies and vice versa.
Over the counter – Buying Bitcoins through face to face transactions with other users upon a pre-agreed price. There are a number of sites that can help you find traders in your area.
Bitcoin ATMs – If you live in a city with a Bitcoin ATM, you can use your credit card to load Bitcoins into your wallet.

How to Deposit Bitcoins in a Casino?

The process of depositing Bitcoins in an online casino is simple and easy to understand and it will be uniform in almost every casino that you visit. In short, if you want to make a deposit in BTC, all you have to do is follow these steps:

Create your account.
Confirm your e-mail address.
Sign in to your account and find the cashier/deposit menu.
Select Bitcoins as you currency and copy the casino’s Bitcoin address.
Open your wallet and find the “send money” menu to complete the transaction (with smartphones, all you have to do is click the Bitcoin address and your phone will automatically suggest opening it with your wallet app).
Fill in the amount you want to send and the casino’s address very carefully.
Choose whether you need a confirmation or not.Send the payment and get playing.


the Israeli Securities Authority Wants to Ban Marketing of Binary Options from Israel

If this new regulatory suggestion passes it might put an end to Israel-based binary options call centers. Since the inception of the binary options trading industry, Israel has served as an international hub for platform devopment and marketing technology development. But now it seems this is all might be coming to an end. The regulators in Israel are no longer satisfied with only restricting access to Israeli citizens and now wish to completely prevent the operations of international firms. Prof. Shmuel Hauser, Chairman of the Israeli Securities Authority , has asked Israel's Attorney General to amend the law to make it illegal for all firms to market or produce binary options products from Israel.All Israeli binary options firms are now banned by the Israel Securities Authority from targeting Israelis, but the firms remain free to seek clients abroad. The Israel Securities Authority has rejected the license requests of many forex companies as well. . Thousands of Israelis work in the binary options industry , with an annual turnover estimated in the hundreds of millions of dollars, if not billions.


Why the Leading Online Gambling companies Can’t Afford NOT to Accept Bitcoin

Online poker “industry experts” claim that the the most popular online gambling companies are working on Bitcoin integration.
This development is obvious for the following reasons

1. Easier global  banking system means more customers. Many governments around the world try to prevent people from gambling online.  Many players get around these prohibition by using  (VPNs) to play online games for money. Those players are facing problems when it comes to bankin. This is where Bitcoin comes in.  With Bitcoin, you are your own bank.

2.  Bitcoin is cheaper to use than fiat currencies. This is because fiat has to be transferred via third parties (PayPal, banks, Western Union, etc.), and third parties take a fee.

3. Bitcoin eliminates costs of fraud,charge backs, banking, and customer data breach .
  Bitcoin technology ,by now, is mature, widely accepted and ready to be adopted by the mainstream online gambling industry.

Trotz Hard Fork: Ethereum Blockchain weiter unter Beschuss

Auch wenn bei der gestrigen Ethereum Hard Fork soweit alles nach Plan verlief, laufen die Blockchain-Angriffe wie gewohnt weiter.

Diesmal war eine Hard-Fork der Ethereum-Blockchain am vergangenen Dienstag fällig, weil die Blocckhain bereits seit einem Monat Ziel einer anhaltenden DoS-Attacke ist. Nach Wochen voller Probleme mit der Transaktionsabwicklung und der Generierung von neuen Blocks hat sich das Entwicklerteam hinter Ethereum für eine Veränderung einiger Netzwerkfunktionen entschieden. Miner und Nutzer leisteten prompt Folge und aktualisierten ihre Clients (auch bekannt als die „Hard Fork“).

Der reibungslose Übergang zu einer neuen Transaktionsaufzeichnung war auch das, was die Entwickler erwartet haben, denn dieses Mal war die Hard Fork lediglich eine technische Veränderung – anders als bei der Hard Fork zur Lösung des The DAO Debakels. Hier wurde das die Blockchain neu geschrieben.

Mit der jetzigen Situation haben die Entwickler jedoch nicht gerechnet. Die Angreifer scheinen noch einen Gang zugelegt zu haben. Sie nutzen nämlich eine wohl nicht vorhersehbare Sicherheitslücke, die erst jetzt gefixt werden konnte.

Zweite Hard Fork folgt

Da sich die Angreifer verschiedene Angriffsvektoren zunutze gemacht haben, hatten die Entwickler von Anfang an zwei aufeinander folgende Hard Forks geplant.

Die erste Fork diente einer Korrektur des „Gas Preises“, da der oder die Angreifer die fehlerhafte Berechnung des Gas-Preises dazu genutzt haben, die Blockchain mit Transaktionen und Verträgen zu fluten um so die einzelnen Knoten mit CPU- oder Arbeitsspeicherlastigen Operationen in die Knie zu zwingen. Mit der zweiten Fork sollen alle von den Angreifern erstellen „Spam-Accounts“ eliminiert werden. Die Angreifer erstellen derzeit so viele Accounts, das sie das ganze Netzwerk verstopfen und nicht abgebaut werden können.

Wie geht es weiter?

Selbst nach der zweiten Hard Fork ist man sich nicht sicher, wie es weitergehen. Eventuell finden die Angreifer dann eine andere Lücke.

Rund um die Angriffswelle ist eine große Diskussion darüber entfacht, wie die Ethereum Entwickler das Netzwerk kurz-, mittel- und langfristig vor solchen Angriffen schützen können.


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GoUrl a complete and direct Bitcoin/Altcoin Payment Gateway for WordPress. Today everyone can accept  payments with Bitcoin, Litecoin, Dogecoin, Paycoin, Dash, Reddcoin, etc. Payments Online GoUrl is a Unique cryptocurrency payment system it is completely Free Open Source app. No Monthly Fee or Transaction Fees using Gourl every website owner can Accept Bitcoin Dogecoin ,or any other cryptocurrency on their site and Get payments directly to their altcoin wallets globally, anonymously,and securely, the installation process takes less than 15 minutes and enables everyone to sell their products and services for bitcoin on the global market the advantages that bitcoin has offer:
Read more in BitCoinsMaster



Here is a quick guide on finding your blogger.com blogs feeds urls.

blogger.com rss feeds are not provided by blogger.com. for some reason
It provides the following feeds widget:

Atom 1.0: http://onlinecasinorsk.blogspot.com/feeds/posts/default
RSS 2.0: http://onlinecasinorsk.blogspot.com/feeds/posts/default?alt=rss

Atom 1.0: http://exampleblogblogspot.com/feeds/comments/default

let's look at the feed URL in another way:
RSS 2.0: http://onlinecasinorsk.blogspot.com/feeds/posts/default?alt=rss
change the maximim number of results to be displayed. This can be any number from 1-999, and is defined by adding ?max-results=[insert number here] to the end of the feed URL. Here are a few examples:


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How Much is Coca Cola Really Worth?

The company makes so many different beverages that if you drank 1 per day, it would take you more than 9 years to try them all!
Coca Cola – Not Just Delicious but a King of Dividends
Coca cola is called a Dividend King. It has paid its investors dividends since 1920 and has increased those dividends in each of the last 54 years.
In today’s market environment where interest rates are so low, there is high demand for dividend-paying stocks. Investors are not interested in what the stock price will do, because they’re not looking to sell it for a profit, but they hold on to the stock for a long time in order to receive its dividends.
What all this means is that there is now an especially high demand for dividend-paying stocks, and since Coca Cola is a dividend king, it’s expected to attract demand.
And if you think that an old guy by the name of Warren Buffet knows a thing or two about stock investing, know that he believes in Coca Cola so much, he’s the largest shareholder!
(“Income Investors”, 27/09/2016. “MarketWatch”, 11/07/2016)
*Past Performace is not a reliable indicator of future results.
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Does the establishment is using derivatives to fake earnings and hide debt?

Along with credit default swaps and other exotic instruments, the total notional derivatives value is about $1.5 quadrillion – about 20% more than in 2008, beyond what anyone can conceive, let alone control if unexpected turmoil strikes. Many of the large multinational corporations, sovereign governments, and likely all financial institutions have used derivatives to fake earnings and hide debt.Nobody knows to what degree this has been the case, but given that 20% of corporate CFOs have admitted to faking earnings in the past, it’s likely a significant amount. Corporations today are more leveraged than they were in 2007. As Stanley Druckenmiller noted recently, in 2007 corporate bonds were $3.5 trillion… today they are $7 trillion: an amount equal to nearly 50% of US GDP. The Central Banks are now all leveraged at levels greater than or equal to where Lehman Brothers was when it imploded. The Fed is leveraged at 78 to 1. The ECB is leveraged at over 26 to 1. Lehman Brothers was leveraged at 30 to 1. The Central Banks have no idea how to exit their strategies. Fed minutes released from 2009 show Janet Yellen was worried about how to exit when the Fed’s balance sheet was $1.3 trillion (back in 2009). Today it’s over $4.5 trillion. The cumulative effects of decades of interventions to mask economic weakness are harmful to the economy.


The Online Retail Derivatives Market is Experiencing Exponential growth.

A derivative is a security whose price is dependent upon or derived from one or more underlying assets.. Equity derivatives such as: Forex, Binary Options and CFDs offer retail investors another way to participate in the price action of an underlying security Trading. Volatility is always of concern to investors, and the long-only approach has shown weaknesses.Retail investor interest in derivatives continues to grow as investors learn more about the instruments and see them as an attractive way to hedge against risk and generate income. An influx of day traders in the derivatives market is driving new online trading platforms and specially Binary Options trading platforms.A good example for this type of platform is eToro. Originally launched as a Forex and Binary Options trading platform in 2007, eToro has already become one of the pioneers of social trading – by allowing users to chat, follow and copy each other, as on Twitter and Facebook. The biggest demand for such products comes from East Asia . Nowdays,East Asia’s OTC markets are smaller, less diverse and built on different legal frameworks than those in Europe and the US. This has influenced the pace and detail of regulatory reform, as have other local factors, such as currency controls in some jurisdictions and the varying volumes of trading in particular instruments across the region.

Singapore and Hong Kong are likely to become much bigger markets for retail online derivatives trading  in the future as increased regulation across the region reduced the advantages of regulatory arbitrage that some of the smaller markets have relied upon to attract business in the past.

In order to see the rapid growth one should visit The 4th China Forex Expo that will be taking place on October 2016 at Shenzhen. It is a two-day event for traders, investors, affiliates, IBs, fintech companies and brokers from across China and the world.Tens of thousands attendees are expected at the two-day high-level event are a live evidence to the rapidly growing online financial markets in China,
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