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."
Extradition Ahead: What is the Fate of Terra Founder Do Kwon?
The extradition proceedings of crypto entrepreneur Do Kwon, facing fraud allegations across the United States and South Korea, escalate as Montenegro's High Court approves, marking a pivotal moment in this transnational legal battle.
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.
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.
Genesis Global Capital's $689M Legal Battle with Gemini Trust
In a tumultuous legal battle within the crypto world, Genesis Global Capital, a bankrupt crypto lender, has taken legal action against Gemini Trust Company, seeking to reclaim nearly $689 million in what it terms as preferential transfers, further intensifying the already heated feud between these entities.
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.
Breaking News!! Binance's CEO CZ Resigns
Changpeng Zhao, popularly known as "CZ," is set to step down as Binance's CEO as part of a plea deal with the U.S. Department of Justice, signaling significant changes within the world's leading cryptocurrency exchange.
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.
Bittrex Shuts Down After US Unit Bankruptcy
Bittrex Global's imminent closure amidst regulatory pressures and financial intricacies echoes its U.S. counterpart's challenges, marking a pivotal moment for the crypto exchange amidst market shifts and legal confrontations.
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.
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.
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.
Manny Pacquiao Foundation and Shibarium of Shiba Inu Partnered for Charity Work
The Manny Pacquiao Foundation (MPF) partners with Shiba Inu's Shibarium to revolutionize charity through blockchain technology. This collaboration aims to boost fundraising, improve operational efficiency, and bring transparency to philanthropy on a global scale, showcasing the potential of digital currency for social good.
Court Decision Unfreezes $100 Million in My Forex Funds Assets Amidst CFTC Lawsuit
Key legal developments in the My Forex Funds vs. CFTC case, including the unfreezing of $100 million in assets. Insights into regulatory challenges for prop trading firms.
Binance Announces Removal of Select Trading Pairs
Binance announces the removal of specific spot trading pairs effective November 17, 2023, to enhance user protection and market quality. This includes pairs like AAVE/BUSD, MANA/BUSD, and others. The exchange advises users to update or cancel their Spot Trading Bots and consider converting BUSD assets. The changes aim to maintain a high-quality trading environment on Binance.
Coins.ph Addresses Recent Data Security Incident
Coins.ph, a leading cryptocurrency exchange in the Philippines, has alerted users to a data breach compromising personal details like names and contact information. Funds remain secure, but affected users are advised to change passwords and enable multi-factor authentication. The company has enhanced security measures in response. This incident follows a previous security challenge involving the loss of XRP tokens.
Top Ten Crypto Trading Strategies for Beginners in Nigeria today
Crypto trading in Nigeria presents exciting opportunities, but success requires a combination of education, strategic planning, and discipline.
Exploring the Motives Behind Forex Brokers' Leverage Offerings
In the realm of forex trading, leverage emerges as a potent instrument that bestows an array of advantages upon brokers immersed in this ever-evolving market.
CEO Trading: Unraveling the Mask of its Deceit
Out of thousands of brokers existing in the forex market, finding the legit one has always been a difficult task.
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