Sumitomo Mitsui CEO Jun Ohta, Asia's Expansion Advocate, Dies at 65
Sumitomo Mitsui mourns the loss of CEO Jun Ohta at 65, a leader who drove global expansion and innovation in the banking sector.
Sway Markets Ends MT5, Launches Sway Charts
Sway Markets launches Sway Charts, replacing MT5 with advanced, user-friendly, and customizable trading features.
How to Use Stop Loss Orders?
In forex trading, understanding and managing risk is paramount to success. One powerful tool that traders have is the "stop loss order."
Italy's CONSOB Shuts 977 FX, Crypto Sites in Italy
Italy's CONSOB blocks 977 FX and crypto domains, safeguarding investors from unlicensed, fraudulent financial services.
eToro Adds Argentina ETF as Investment Instrument
eToro Adds Global X MSCI Argentina ETF ($ARGT) for Diversified, Zero-Commission Investing.
PH SEC Warns OCTAFX for Unauthorized Firm
Philippine SEC warns against OCTAFX/OCTA TRADING, an unregistered firm targeting Filipino investors. Learn about the legal risks, lack of registration, and potential penalties.
Empowering Traders Through Transparency: Explore, Compare, and Conquer with WikiFX!
In the fast-paced world of financial markets, finding a reliable and transparent broker is the key to a successful trading journey.
5 Compelling Reasons to Follow Nasdaq-100
Discover the top 5 reasons to follow Nasdaq-100, from global brands and innovation to performance, dividends, and ESG commitment. Invest wisely.
My Forex Funds Received Court Approval for CFTC Complaint Response
My Forex Funds wins a key legal case against the CFTC, granting an extension for the response to the new complaint.
Binance and CEO Zhao Plead Guilty in Major Money Laundering Case
Binance and CEO Changpeng Zhao plead guilty to money laundering and sanctions violations, facing over $4 billion in fines and legal repercussions.
Tether Takes Decisive Action Against Cybercrime, Freezes $225 Million in Largest-Ever USDT Freeze
Tether, in collaboration with Okx and the DOJ, has proactively frozen $225 million in USDT, marking the largest such action in history. This measure, aimed at disrupting a Southeast Asian human trafficking ring involved in a global crypto scam, demonstrates Tether's commitment to combating cybercrime and safeguarding the cryptocurrency ecosystem. The coordinated effort included blockchain analysis and partnership with law enforcement agencies.
Richard Teng Replaces Changpeng Zhao As New Binance CEO
Richard Teng succeeds Changpeng Zhao as Binance CEO, bringing over 30 years of financial and regulatory experience. The leadership change follows Zhao's resignation amid a DOJ plea deal involving Anti-Money Laundering charges. Teng's focus will be on user reassurance, regulatory compliance, and driving Web3 growth, marking a new chapter for Binance in navigating the complex cryptocurrency landscape.
Changpeng Zhao Steps Down as Binance CEO Amid Legal Settlement with US Justice Department
Changpeng Zhao, founder of Binance, has resigned as CEO following his guilty plea to anti-money laundering violations. The US Department of Justice's investigation concludes with Binance paying a $4.3 billion settlement and accepting extensive oversight. Zhao, released on a $175 million bond, will be sentenced in February 2024. This development marks a pivotal shift in cryptocurrency regulation and highlights the growing emphasis on legal compliance in the digital currency industry.
Wingo Markets Added New 1000 Trading Instruments And Features
Discover how Wingo Markets is reshaping the forex landscape with a diverse range of over 1000 trading instruments, competitive pricing, and user-friendly tools. Whether you're a novice or seasoned trader, Wingo Markets empowers you to excel in the dynamic world of forex trading. Explore their innovative platform today.
Kraken Charge by SEC for Unregistered Securities Operations
The SEC has charged Kraken for operating an unregistered securities exchange, broker, dealer, and clearing agency in the cryptocurrency market. This enforcement action, part of the SEC's broader effort to regulate the crypto industry, aims to protect investors and maintain market integrity. Kraken's alleged activities include facilitating crypto asset securities transactions without proper registration, commingling customer funds, and lacking conflict of interest safeguards. The firm previously settled with the SEC, paying a $30 million penalty for similar issues.
Mohamad Ibrahim, CEO of XS.com, Stops Salary Payments to Asian Staff
An investigation for the allegations against XS.com's CEO, Mohamad Ibrahim, for halting salary payments to Asian and African employees. It details Ibrahim's professional background, employee grievances, and the company's controversial responses, exploring the impact on XS.com's reputation and the wider fintech industry. The report emphasizes the importance of ethical leadership and corporate accountability.
Alert: OspreyFX Unexpected Account Locked & Server Issues
Beware of the challenges faced by OspreyFX users, including account lockouts, login issues, and withdrawal limits, in this insightful article. Learn about the risks of unregulated online trading platforms and discover key steps for safe trading.
CONSOB Cracks Down on 5 Illegal Financial Websites
The Italian financial regulator CONSOB has recently blacked out five websites offering illegal financial services, as part of its mission to combat financial fraud and protect investors. This action brings the total number of blocked sites to 970 since July 2019, when CONSOB received the power to shut down fraudulent financial websites. The regulator emphasizes the importance of investor diligence and verification of financial service providers' authorization to maintain a safe and transparent financial environment in Italy.
PH SEC Warned ARCANE DIGITAL MARKETING for Unauthorized Investment Activities
The Philippine Securities Commission has warned against ARCANE DIGITAL MARKETING for conducting unauthorized investment activities. The company, which operates online, entices public investments with promises of 12% to 45% profits in 45 days on a minimum investment of Php1,000.00. These activities, resembling securities under the Howey Test, are unregistered and illegal. ARCANE DIGITAL MARKETING is not a registered corporation or partnership and lacks legal authorization for such activities, violating the Securities Regulation Code. The public is advised against investing and to report suspicious activities.
Coins.ph Added Paypal Stablecoin as Traded Assets
Coins.ph, a leading Filipino cryptocurrency exchange, has integrated PayPal's stablecoin, $PYUSD, into its platform. $PYUSD, launched by PayPal in 2023 and pegged to the U.S. dollar, is designed to provide stability in digital transactions, particularly for cross-border transfers. This integration offers Coins.ph's 18 million users a seamless way to conduct international transactions with zero trading fees for the PYUSD/PHP pair. The process involves simple steps for buying, receiving, and cashing out $PYUSD. This move highlights a significant advancement in blockchain technology and its practical application in financial transactions.
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