Author: Dave Staff
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ATFX to Enter Prop Trading Market as Part of Industry-Wide Shift
In an exclusive reveal, ATFX, a well-known broker in the forex and contracts-for-difference (CFDs) space, plans to launch its proprietary trading, or prop trading, services. ATFX’s new offering aims to…
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U.S. investigating Tether over links to money laundering and sanctions violations
**U.S. investigating Tether over potential links to money laundering and sanctions violations** U.S. investigators are reportedly examining Tether, the issuer of the world’s largest stablecoin USDT, for potential violations of…
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Binance taps into Telegram’s massive user base, Interactive Brokers fined $475,000
In FX markets this week, Andreas Andreou co-founded the new proprietary trading firm, thePropTrade, while Santander introduced its digital bank Openbank to the U.S., aiming to boost vehicle loans and…
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Coinbase Seeks Interlocutory Appeal in SEC Lawsuit Following Ripple Case Developments
In the latest twist in the legal battle between Coinbase and the U.S. Securities and Exchange Commission (SEC), the cryptocurrency exchange has requested that the presiding judge approve its interlocutory…
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Bitcoin’s October Performance Faces Uncertainty Amid Macroeconomic Events
Bitcoin (BTC) may not be living up to the optimistic expectations typically associated with “Uptober,” but it could be too early to predict the cryptocurrency’s path for the remainder of…
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Coinbase to Delist Non-Compliant Stablecoins in EEA Amid EU Crypto Regulations
Coinbase (COIN.O), the largest U.S. cryptocurrency exchange, announced on Friday that it will delist certain stablecoins from its European Economic Area (EEA) offerings by the end of 2024. The decision…
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Tauro Markets Appoints Carla Nemr as Chief Commercial Officer
Tauro Markets, a retail FX broker, has appointed industry veteran Carla Nemr as its Chief Commercial Officer (CCO) effective immediately. Nemr, who brings over two decades of experience in the…
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California Man Ordered to Pay $36 Million for Cryptocurrency and Forex Fraud
William Koo Ichioka, 30, has been ordered to pay $36 million in fines and restitution after being found guilty of defrauding investors in a cryptocurrency and forex scheme, according to…
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Week in Review: Fed Slashes Rates, NAGA Expands CFDs to Telegram, and More
This week saw key developments in finance and technology. The UAE rose to prominence as the leading tech hub, surpassing Germany and Hong Kong. Meanwhile, Revolut is reportedly preparing to…
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California Man Ordered to Pay $36 Million in Cryptocurrency and Forex Fraud Case
William Koo Ichioka, 30, has been ordered by Judge Vince Chhabria of the U.S. District Court for the Northern District of California to pay $36 million in penalties for defrauding…
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BingX to resume withdrawals for major assets following hack
**BingX to resume withdrawals for major assets following hack** SINGAPORE (Reuters) – Cryptocurrency exchange BingX has announced that it will resume withdrawal services for select digital assets starting Sept. 21,…
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Funds for Traders shuts down due to MetaTrader platform restrictions
Netherlands-based retail prop trading firm, Funds for Traders, announced its closure. The decision comes after its executing broker, Eightcap, informed the company that it would no longer support MetaTrader 4…
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Bitcoin drops to lowest level since August as crypto markets plunge
Cryptocurrency prices fell sharply on Thursday afternoon during U.S. trading hours, with bitcoin dropping nearly 3% to $57,700, its lowest level since the early August market panic. Other major cryptocurrencies…
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Dukascopy’s Financial Struggle Continues in 2023 with Declining Revenues and Profits
Geneva-based retail FX and CFDs broker Dukascopy has reported a continued decline in both revenues and profits for the second half of 2023, according to its latest annual report. The…
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Coinbase Launches Lightning Network Support for Faster, Cheaper Bitcoin Transactions
Coinbase has announced the integration of the Lightning Network into its platform, significantly improving the speed and cost of Bitcoin transactions for its users. Previously, transactions could take between 10…
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Former Binance CEO Changpeng Zhao Sentenced to Four Months in Federal Prison
Moments after the announcement that former Binance CEO Changpeng Zhao, commonly known as CZ, would serve four months in federal prison for anti-money laundering violations, significant reactions surfaced. According to…
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Uniswap Streamlines Onboarding: Robinhood Connect Allows Direct Crypto Buying
Uniswap, a prominent decentralized exchange (DEX), has enhanced its mobile app offerings by integrating Robinhood Connect, allowing users to purchase cryptocurrencies directly using funds from their Robinhood accounts. This integration,…
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Terraform Labs Proposes $1 Million Fine After $5.3 Billion SEC Penalty for Fraud
In a recent legal development, lawyers representing Terraform Labs and its co-founder, Do Kwon, have argued that a $1 million fine would be more suitable, contrasting sharply with the $5.3…
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MicroStrategy Reports Q1 Loss Due to Bitcoin Impairment Charge Amidst Market Fluctuations
MicroStrategy Incorporated (MSTR) disclosed a net operating loss of $53.1 million, or $3.09 per share, for the first quarter, primarily driven by a significant digital asset impairment charge of $191.6…
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Increased Scrutiny Needed as Venezuela Turns to Cryptocurrencies Amid Sanctions
As Venezuela plans to ramp up its use of cryptocurrencies for oil transactions, experts emphasize the need for enhanced regulatory scrutiny. This shift comes in response to the United States…
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