The wheels of justice can turn awfully slowly at times, but eventually significant precedents are constructed, which can enable a torrent of lawsuits to follow where losses have been excessively harsh. Such is the case in the world of Initial Coin Offerings (ICOs), or so it seems, according to a recent court filing in the…
Read moreThe Securities and Exchange Commission (SEC) has announced that it has charged JPMorgan Chase Bank N.A. with improper handling of “pre-released” American Depositary Receipts (ADRs). The financial services company has agreed to pay more than $135 million to settle the charges. The official announcement reads as follows: ADRs – U.S. securities that represent foreign shares…
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CySEC, Belize and South Africa licensed Retail FX broker Forextime, which also goes by the shortened moniker FXTM, has announced that it has added stocks from the NYSE and NASDAQ exchanges to the MT5 Pro Accounts. FXTM has launched the Pro Accounts back in April, providing now MetaTrader 5 users with the ability to directly own and…
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It has been a rough year for cryptocurrencies. Valuations are down 80% and more in some quarters, and critics are claiming that a funeral may be in order. But not everyone has these same feelings. CEOs of many large concerns, both within and without the crypto universe, have spoken out about the long-term viability of…
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For the second time in the past few months, stock values have plummeted, while values for Bitcoin and its altcoin brethren have surged. There has been an ongoing debate among analysts and investors as to whether movements in the stock market can be correlated with those for cryptocurrencies. The possibility of such a “tethering” may…
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White the total supply of Monero is estimated to be mined by 2022, over 90% of the cryptocurrency is already mined. The information comes from Moneroblocks, which states that as of December 20th, 16.6 million of the privacy-focused coins are already mined, and the rest 1.8 million will be mined in 3 years. The major…
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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 Pro X Finance. Pro X Finance is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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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 Markets Unlimited. Markets Unlimited 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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Bitcoin has tumbled big time, going from almost $20,000 in December 2017 to almost $3,000 in December, 2018. While the "people's currency" has dragged other alt coins to the near bottom, including Ethereum, Litecoin and many more, the crypto market managed to add around $45 billion in less than 10 days to its market capitalization.…
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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 Frontex Group Ltd. Frontex Group Ltd is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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