The Hong Kong regulator (Securities and Futures Commission) issued a warning against the unlicensed trading platform, MEXC. The Authority cautioned investors about dealing with MEXC due to its lack of proper licensing and regulation in Hong Kong.
The Funded Trader, a proprietary trading firm has abruptly ceased pay-outs to its clients in amidst of shifting away from MetaQuotes’ platforms.
Hong Kong’s SFC issues cautionary statement on unlicensed cryptocurrency exchanges that pose high risks to investors.
JPMorgan Chase (JPM) finds itself in the spotlight as it agrees to pay a substantial $348 million in fines to US regulatory bodies for alleged negligence in monitoring both client and staff trading activities. This financial penalty ranks among the largest imposed on any financial institution in 2024.
The SEC charges 17 individuals in a massive $300 million Ponzi scheme involving CryptoFX, affecting over 40,000 investors, mainly from the Latino community. Promising high returns from cryptocurrency investments, the scheme operated across 11 states and two countries, failing to invest as promised.
The Financial Conduct Authority (FCA) has recently updated its warning list, cautioning consumers about firms operating without authorization. By FCA warning list, consumers can protect themselves from potential scams and unauthorized activities in the financial sector.
The Funded Trader, Miami-based, pauses payouts amid internal audit amidst MetaQuotes' regulatory oversight, revealing challenges in prop trading amidst platform transitions.
Tether's USDT expands via integration with Celo, a mobile-focused layer-1 platform. Enhancing cross-border payments and financial inclusion.
The Funded Trader has recently announced a significant move towards the cTrader platform, as revealed on the social media platform X, previously known as Twitter.
The ED has accused Vinod Khute, an Indian businessman of scamming and plotting a criminal conspiracy to lure individuals into a Ponzi scheme and FX trading. Vinod Khute is a founder of the Pune-based VIPS Group of Companies and Global Affiliate Business Company.
Philippine Securities and Exchange Commission issues alert on ROLLYX TRADING's illegal investment schemes. Public warned against unlicensed activities promising high returns without proper registration.
The Enforcement Directorate (ED) has taken action to provisionally attach overseas assets valued at $5.52 million (Rs 37.5 crore) belonging to Vinod Khute, a Dubai-based entrepreneur and owner of VIPS Group of Companies and M/s Global Affiliate Business in Pune. This move is part of a money laundering investigation connected to a Ponzi scheme and forex trading scam.
Online investment scams have evolved beyond mere phishing attacks impersonating real companies. Now, scammers have started utilizing AI bots to impersonate investment experts, promising high returns and financial advice. Beware if something sounds too good to be true coming your way.
UK’s regulator, the Financial Conduct Authority (FCA), has cautioned the public not to invest with unauthorised brokers. FCA issued an alert list on 14 March 2024 for brokers not FCA-licensed. Here are the names and details of the brokers.
With the removal of the FX cap from International Money Transfer Operators (IMTOs) and the Central Bank of Nigeria's (CBN) order for banks to sell excess dollars, Nigeria's currency is starting to make up ground against the US dollar on both the official and black market.
In the American session on Thursday, the US Dollar (USD) saw strong selling, USD Index fell and US bond yields decreased. Early on Friday, they turn to the US January jobs report, which will include data on wage inflation and nonfarm payrolls. The Consumer Sentiment Index data for January will be revised by the University of Michigan, while the December Factory Orders will be published by the Census Bureau.
ED targets Vinod Khute, seizing Rs 37.5Cr in Dubai assets over a Ponzi and FX scam, highlighting efforts to combat money laundering and protect investors.
Recently, we have received urgent appeals from Japanese investors who, after exposing the illegal trading activities of Truist Financial and Bittra on the WikiFX platform, have been subjected to insults, intimidation, and even threats to their lives.
CySEC bolsters Cyprus's financial industry in 2023, approving 82 firms and enhancing investor protection, showing a commitment to regulatory excellence and market integrity.
Blockchain developers, influencers, leaders, investors, and entrepreneurs / business owners are set to attend Blockchain Expo North America 2024, the biggest crypto event in Silicon Valley.