UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company Bruckner Ferdinand. Bruckner Ferdinand is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
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Lightning in the form of a crypto exchange compromise continues to strike in the same place more than once. The latest victim is Bithumb, one of the largest crypto exchanges in South Korea, but this breach has a few more sinister overtones than previous ones in the industry, as well as the hacking job that…
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VKontakte is one of the largest and most popular social media giants in Russia. Reportedly, the company is now thinking of launching its own digital coin, according to press. While there is no official statement made by the company, the news comes from a local news outlet, RNS. The creation of the digital coin will,…
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Pakistan is one of the countries that has not been quite "pro-crypto". Just on the contrary, the country has been quite strict when it comes to the use of cryptocurrencies. For example, some time ago, the central bank of the country warned all financial institutions and banks that the use of virtual currencies is highly…
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The Autorité des marchés financiers (AMF) and the ACPR have issued a public warning against the activities of several new websites and entities offering trading of investments on cryptocurrency derivatives without authorisation in France. Here is the list of the websites recently identified: www.avenir-crypto.com www.cryptos-advisor.com www.directco-invest.com www.direct-ep.com www.falcon-wl.com www.futur-solution.com www.globalco-crypto.com www.mabanquecrypto.com www.mcminage.com www.phoenix-gm.com A list…
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LeapRate Exclusive... Andrey Stoychev has been recently promoted to Executive Director Trading and a Board Member of the multi-asset fintech company JFD Group. The company, on the other hand, after the successful acquisition of the German-based ACON bank has changed its name and combined retail and institutional services under the brand JFD Bank, making the…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm SeRex Investments. 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 tactics to…
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Nasdaq Dubai has announced that it has joined forces with the Opera Gallery Dubai for an art showcase collaboration. Nasdaq Dubai recently launched its own artist programme, allowing talents in the region to display their work in Nasdaq Dubai's premises in Dubai International Financial Centre (DIFC). Russian Calligraffiti artist, Pokras Lampas is the first of four…
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If Bitcoin enthusiasts cling to one thing that they believe will catapult BTC valuations back to the superior heights of old, it is the approval by the SEC of a Bitcoin Exchange-Traded Fund (ETF). The SEC, however, has been unwavering its refusal to go to this next step, citing that it is “uncomfortable” with the…
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The Commodity Futures Trading Commission (CFTC) has just announced that an individual named William H. Powderly IV of New Hope, Pennsylvania, has been fined $1,083,138 by the federal court in Illinois for fraudulently soliciting customers and distributing false account statements. Powderly misled customers, letting them know that he and a university professor developed a commodity futures…
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