Binance founder Changpeng Zhao explained in a tweet: An exponential amount of new LUNA were minted due to flaws in the design of the Terra protocol. Their validators have suspended their entire network, resulting in no deposits or withdrawals possible to or from any exchange. Some of our users, unaware of the large amounts of…
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Spence managed to solicit over $5 million through false representations. He claimed that his crypto trading had been extremely profitable when, in fact, it had been consistently unprofitable. As a result of his claims, investors transferred additional funds to him. In over one month, He recorded net losses in the accounts in which he traded…
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The announcement is also published by the police in the western German province of North Rhine-Westphalia. OneCoin was launched in 2014 by Ignatova who is a Bulgarian-born German national. OneCoin is considered one of the largest crypto scams. The Ponzi crypto scheme claimed to have over 3 million members around the world and has generated…
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Oil WTI crude oil prices rose during early Friday trading but remain on track for a weekly drop. There are two opposing forces dictating the markets stance in relation to oil; supply side concerns support the price of the barrel, with the ongoing war in Ukraine and the prospect of the European Union imposing a…
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IEX Co-founder and CEO Brad Katsuyama said: IEX is a mission-driven brand and we are at an exciting time for the company as we continue to build our exchange, while also embarking on a transformative partnership with FTX in digital assets. Marija is a seasoned executive who has succeeded at every point in her career…
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Jakubcek’s background Jakubcek spent seven years at EC3, where he provided operational and strategic support for major cryptocurrency investigations. He led the largest cryptocurrency experts' platform in the world with representatives from hundreds of law enforcement agencies from around the globe. As a specialist and educator in the field, Jakubcek will be a key link…
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Stephen Dainton commented: APAC is at the centre of our multi-year growth strategy for Global Markets and Hossein’s appointment attests to the significant investment we are making to expand our franchise in the region. Adeel Khan added: It is critical to our growth plan that we continue to build great teams and bring in strong…
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A need for cyber security measures The matter of cyber security measures as part of the obligations of AFS licensees arouse from a ruling of the Australian federal court against a RI Advice Group Pty Ltd. The company was found in breach of its AFS license obligations because of a lack of adequate risk management…
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Dominic Schorle, Project Manager at WH SelfInvest commented: Buying US stocks commission-free, with best execution in place and superior user-friendly technology via web and app is a major development for retail investors in Europe. Michael Sprachman, VP of Brokerage Trading Platform said: We are proud to have partnered with WH SelfInvest to bring next generation…
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Gold Gold prices are hedging down as the US dollar hit a high not seen since 2002, keeping the precious metal under pressure due to its inverted correlation with the greenback. US inflation numbers released on Wednesday suggested that consumer prices may have already peaked but still surprised to the upside with a reading of…
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