Many know that AlibabaCoin is actually not a product of Alibaba Group China. It is a product of the Dubai-based ABBC Foundation (Alibabacoin Foundation). Upon understanding of the AlibabaCoin’s existence, the Chinese company filed a lawsuit, as the name AlibabaCoin wrongly leads to Alibaba Group. However, the lawsuit may have come out of a different…
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Insiders have spoken out: Binance is set to become the world’s first decentralized platform in the very near future. The speculation comes primarily from Binance Coin investors, who now believe that Binance will migrate the entire company value to its native digital coin; all of this is expected to happen within five years. Binance Coin…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Schurz Helmut. 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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Deutsche Bank and Commerzbank revealed on Sunday that they were in merger talks, which confirmed the rumors that had circulated hinting at the merger. The announcement did not come as a surprise given the manner in which Deutsche Bank has struggled since the 2008 financial crisis. However, the announcement triggered concerns by labor unions about the likelihood that…
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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 Waterfield Consulting Group. Waterfield Consulting Group is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Financial Exchange. 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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The Autorité des marchés financiers (AMF) has issued a public warning against the activities of this website, www.porto-immo.com. The French regulator has warned the public about the activities of PORTO IMMO SCPI Company and its website listed above, as the two entities are inviting French citizens to invest in their reals estate investment firm (SCPI)…
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The following article was written by ATFX Chief Analyst of Asia Pacific, Martin Lam. Personal opinions today: On Thursday, the British House of Commons voted again on the British Prime Minister to submit a new Brexit amendment. If it is rejected again, the Prime Minister must extend the deadline for the European Union to leave the…
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Crypto Winter’s consequences are now reaching global standard setting bodies for the banking establishment. Up to now, crypto related assets have been below the radar, so to speak, from an overall risk perspective, but the Basel Committee on Banking Supervision (BCBS), under the auspices of the Bank for International Settlements (BIS), has sent a directive…
Read moreIt was one more week of churn, as the Brexit train hurdled down the track to who knows where. Even after two years of divisive debates, we seem no closer to a final decision. The options remain: delay, leave, or stay, with the latter looking dimmer everyday. The March 29 deadline is fast approaching, however,…
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