The explosive growth in the value of cryptocurrencies has led to overnight billionaires. As many of these cryptocurrencies have seen 10-fold growth and more, the general public is drawn to invest in unregulated cryptocurrencies. Professional traders, along with state and federal regulators, warn investors that they are purchasing unregistered securities on exchanges.
Hong Kong Exchange (HKEx): LME will cut fees on certain trades to levels last seen in 2010, as LME acknowledge high trading fees contributed to lower volumes.
On Dec. 19, 2016, after years of mounting stress due to investor redemptions, key staff of Platinum Partners were arrested and its funds were placed into liquidation. Prior to this, many believed Platinum Partners had about $1.7 billion in assets under management and a stellar track record; this is now unclear.
