Entries by softwarecy

ICO Consulting Services

Introduction of ICO Consulting Services After a rough year in 2018, cryptocurrencies are back. In 2018, the combined market capitalization of all the cryptocurrencies dropped from almost a trillion dollars to slightly under $150 billion. Bitcoin, the biggest crypto of all lost more than 80% of its value. In 2019, cryptocurrencies have become the best-performing […]

ESMA Issues Latest Update on MIFIR Q&A Data Reporting

In January 2018, the European Union started implementing the second version of the Markets in Financial Instruments Directive (MIFID II). The comprehensive regulations were meant to protect investors by putting in place measures to prevent exploitation by investment firms. The idea to improve MIFID came after the global financial crisis of 2008/9. On the 29th […]

EU Publishes List of DPRK Sanctions

The crisis at the Korean Peninsula has been going on for decades. For years, the North Korean government has been trying to develop its own nuclear weapons. The country has been developing the weapons with the goal of protecting itself from South Korea, which is backed by the United States. In September 2017, the United […]

EU Extends Russian Sanctions Over Crimea Annexation Until January 2020

In 2014, Russia violated international law when it annexed part of Ukraine. The crisis led to the death of more than 13,000 people, including those in a Malaysian passenger plane. In response to the illegal annexation, the international community, including the United States and European Union imposed heavy sanctions on the country. In June this […]

Bitpoint in Trouble as More Cryptocurrencies Stolen

Last week, Tokyo-based Bitpoint announced that it had been hacked and cryptocurrencies worth more than $32 million stolen. In response, the company halted all services like withdrawals, deposits, and trading. Of the cryptocurrencies that was stolen, $23 million of it belonged to customers while the remaining $9 million belonged to the company. The company is […]

Unicredit Receives a €130k Fine in Romania For Failing to Safeguard User Data

On May 2018, the European Union (EU) member states started implementing the General Data Protection Regulation (GDPR) regulations. These regulations were meant to safeguard data from website and app users. Under these regulations, companies that fail to meet the various data protections safeguards will attract fines that are set by the local regulators. This month, […]

Special Offer: New Customers Package

Cyprus is today gaining recognition as one of the best places to register international businesses. Over the years, the government has been working hard to develop business-friendly policies with the goal of attracting many foreign companies. This has seen the country jump on the world business friendly index, which is a report by the World […]

Cyprus Company Formation with Free Bank Account

Are you an international business looking to be established in Cyprus? This is a right decision for so many reasons. The country is strategically located close to Africa, Europe, and Asia. It has excellent weather, modern infrastructure, a vibrant tourism industry, and low crime rates. Most importantly, it has the lowest tax rates in the […]

Coinbase Launches EOS for Retail Traders, Ethereum Rival Down 10%

Coinbase is the largest cryptocurrency exchange in the world, currently valued at more than $8 billion. The company serves more than 20 million global customers in 42 countries. In May this year, the company announced that it was adding the EOS cryptocurrency to its list of supported currencies. The currency is now available to retail […]

CySEC Proposes Three Tiers of Leverage for Retail Clients

In 2018, the European Securities and Markets Authority (ESMA) started to implement the Markets in Financial Instruments Directive (MIFID II) regulations. Part of the regulations mandated EU members to come with their own specific regulations to make the financial industry safe. Recently, the Cyprus Securities and Exchange Commission (CySEC) released its proposals on a range […]