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 K2 Wall Street. K2 Wall Street is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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MetaLab announced that it has launched its decentralized crowdfunding platform Pledgecamp aimed at protecting investors who back Kickstarter projects. In the past, creators would design a product or software and showcase a prototype to Kickstarter investors who would then decide whether to back the project or not. However, the Kickstarter projects lacked an accountability system,…
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Crypto exchange compromises have become common as rain, where stories detail how easy it is to hack these trading venues and how many millions have been lost over and over again, but these storylines usually disappear in a day or two. Not so with the Canadian fiasco of 2019, the never-ending saga of the beleaguered…
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The European Securities and Markets Authority (ESMA) has finally released its official opinion regarding the 2-month ban on the short selling of Wirecard AG (Wirecard) shares instituted by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin). The ban was based on the Short Selling Regulation as an emergency measure, which became effective at 06:00 CET today before the trading session…
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AERGO today announced that it had partnered with SatoshiPay to improve the latter’s existing micropayments system. AERGO is the developer of a hybrid open-source blockchain used by commercial dApps, while SatoshiPay is a micropayments company. AERGO’s platform is among the few that allow dApp developers to incorporate fiat payments into crypto-payments platforms. SatoshiPay will use…
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TransferTo, a company that provides mobile payments and top-up solutions across borders, today revealed a complete rebrand creating two separate companies with different brands, identities and logos. The rebrand is effective immediately and the two companies will be known as Thunes and DTOne. DT One will take over the company’s rewards and mobile top-up business…
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The U.S. Securities and Exchange Commission (SEC) opened fraud charges against four individuals and businesses related to them for offering illegal securities and for their participation in two microcap frauds. According to the SEC, the fraudulent schemes generated about $25 million in illegal profits for the individuals and their businesses. The SEC charges allege that…
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The European Securities and Markets Authority (ESMA) today declared that in case the UK left the EU with no deal, it would authorize three central counterparties from the UK to operate in the EU legally. The three CCPs are LCH Limited, LME Clear Limited and ICE Clear Europe Limited, which are all registered and headquartered…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm ADM Securities. 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 following article was written by ATFX Chief Analyst of Asia Pacific, Martin Lam. Personal opinions today: US Federal Reserve official said that if the US economy performs as expected, it is not necessary to raise interest rates during the year, indicating that the Fed is considering to stop interest rate hikes this year. After…
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