Based on the FCA’s press release, it is suspected that this business bought and sold more than £1bn in crypto assets. The UK’s financial watchdog reportedly inspected the suspects’ offices, while the police confiscated several devices during their search of two London residences. After questioning by the FCA, the suspects, aged 38 and 44, were…
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Joonko, a New York City artificial intelligence (AI) startup, operated an AI-driven job board to promote diverse and inclusive employee hires. Based on a June 2023 New York Post report, Raz resigned after an internal company investigation found that she had “engaged in egregious, unethical and fraudulent conduct, which caused harm to the company and…
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During morning trade, RPI shares were up 31%, establishing a good starting point for the company as it wishes to raise £166m with its debut. Open trade is set for Friday 14 June 2024. The firm, which makes small, single-board computers, initially priced its shares at 280p each, giving it a market value of £541.6m.…
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In its press statement, Temenos indicated that this collaboration will realise the swift and secure movement of cross-border funds. It will also make transactions more cost-effective thanks to Mastercard’s widespread international network, which includes approximately 10 billion service points in more than 180 countries. Don’t miss out the latest news, subscribe to LeapRate’s newsletter Temenos…
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DMM, Japan’s largest crypto exchange, said roughly 4,503 BTC, valued at about $308m, were illegally siphoned from a primary wallet. According to BITCOIN Magazine, the incident occurred around 13:26 local time and was orchestrated via “unauthorised access.” To date, the company has not divulged how the breach was done. It did, however, confirm that the…
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At the opening bell, the Dow Jones Industrial Average was down 0.35%, the S&P 500 0.51%, and the Nasdaq Composite 0.83%. Mega-caps, which include market leaders such as Apple Inc. (AAPL) and Nvidia Corporation (NVDA), slipped between 0.3% and 1.1%. According to Reuters, the five-year note achieved a four-week record in the wake of a…
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On 3 May 2024, Ali pled guilty to five charges of fraud amounting to $771,303 AUD, after which the Brisbane District Court imposed the sentence on 27 May 2024. He allegedly misappropriated the trading and investment funds of clients. According to ASIC, DanFX Trade ran an unlicensed foreign exchange. The financial watchdog found that between…
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According to the UK’s financial watchdog, the bank did not “properly consider” the circumstances of people when they missed debt repayments between June 2017 and October 2018. This implies that HSBC did not correctly perform “affordability assessments” when devising plans to reduce or clear arrears. Don’t miss out the latest news, subscribe to LeapRate’s newsletter…
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The details were revealed during Microsoft’s Build conference, which was held in Seattle on Tuesday. Among the highlights of the presentation was the new version of OpenAI’s GPT-4o model created by its Azure AI Studio. This new model promises to accept inputs through video and audio as well as text. Don’t miss out the latest…
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The regulator keeps a register of “banned and disqualified” individuals to inform and warn companies and employees. Individuals on this record have been either disqualified from managing a company, auditing self-managed superannuation funds, or fulfilling a financial role in an organisation. Pereira reportedly managed four companies that were liquidated. ASIC listed these as East Coast…
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