Crypto markets are in turmoil. A “Black Swan” has flown in from New York, where the local Attorney General’s office has revealed that, “iFinex, the operator of both Bitfinex and Tether Limited (the firm behind USDT), had come under legal pressure from a key U.S. legal entity.” An alleged fraud of $850 million is the…
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The Commodity Futures Trading Commission (CFTC) and the US Securities and Exchange Commission (SEC) have recently issued a warning for investors against fraudulent websites purporting to manage trading and businesses advisory. Essentially, the warning is targeted at cryptocurrency investors who need to be extremely cautious when investing in any cryptocurrency or crypto-related business. The warning was issued on…
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International financial services company Admiral Markets has just announced that it has teamed up with Trading Central to offer Technical Insight and Forex Featured Ideas to both MetaTrader 4 and MetaTrader 5 platforms. Featured Ideas delivers traders intraday trading ideas, suitable for each individual trader's preferences such as holding timeframes, favourite patterns or preferred currencies.…
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Blockchain is literally used in every industry and sector now. If a company knows how to add value through blockchain, then it surely do so given the advantages that the technology offers. The latest of the corporate giants to be eyeing blockchain is the cigarette and tobacco manufacturing company Philip Morris. As reported by press,…
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Crypto analysts of late have been pumping out grandiose predictions for how high Bitcoin could go in the near term, but the overwhelming majority of these claims are based on technical charts alone, with an occasional reference to significant events that are also transpiring in the crypto marketplace. The latest consensus is that $6,000 will…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm BTG Pactual Investment Bank. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their…
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The Cyprus Securities and Exchange Commission (CySEC) has informed the public that it has decided to impose an administrative fine of €30.000 to the company AIFM Bluehouse Investment Advisors Ltd. The fine has been imposed for non compliance with section 16(1) of the Alternative Investment Fund Managers Law of 2013, as in force, as the…
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BCause LLC, a cryptocurrency mining operation in Virginia Beach that converted to being a mining server farm supporting other mining operations, is seeking the protection of the bankruptcy court under Chapter 11. Its mining subsidiary, BCause Mining LLC, is also named in the court filings. According to legal filings of its two major creditors, BCause…
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B2B advisory and technology firm Alpima has just announced that it has added Matt Johnson as Managing to its team as Director of Sales. Matt Johnson will be reporting directly to IIan Heiman. Prior to Alpima, he used to work for CoinShares, where he was Head of Sales. Previously, Johnson worked in a number of senior…
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Japan’s technology company SoftBank Group Corp (TYO:9984) has announced that it will invest €900 million in Wirecard (ETR:WDI), the German digital payments company. SoftBank will buy 5-year Wirecard bonds that can convert into an equity stake. The Japanese company stated that the bonds will convert into a 5.6% stake in Wirecard at a price of…
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