Author: Dave Staff
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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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MarketAxess Appoints Dan Burke as Global Head of Emerging Markets
MarketAxess Holdings Inc. (NASDAQ: MKTX) has announced the appointment of Dan Burke as Global Head of Emerging Markets (EM). In this role, Mr. Burke will oversee the development and execution…
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A Doge and His Shiba: Can Meme Coins Like DOGE and SHIB Find Lasting Value?
Memecoins such as Dogecoin (DOGE) and Shiba Inu (SHIB) have captured public attention due to their viral nature and massive price fluctuations. Originally started as jokes or to parody the…
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Social Media Platform X Set to Rival Venmo and Apple Pay, While NYSE Considers 24-Hour Trading
Social media platform X is set to revolutionize its service offerings by integrating an extensive suite of financial services, aiming to create a hybrid experience reminiscent of Venmo and Apple…
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Trump’s ‘Mugshot Edition’ NFTs Grant Buyers Exclusive Bitcoin Ordinals
NFT INT LLC, the company capitalizing on the likeness of former President Donald Trump for its non-fungible token (NFT) collections, has announced the inscription of bonus Bitcoin Ordinals for buyers…
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FPFX Technologies Sues Funded Engineer for Alleged Contract Breaches
FPFX Technologies, LLC, a retail trading technology provider, has lodged a lawsuit against Funded Engineer, a proprietary trading firm, and its operators. The lawsuit, filed in Palm Beach County, Florida,…
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Elon Musk’s AI Startup xAI Launches Chatbot Grok-1.5 on X
Elon Musk’s artificial intelligence startup xAI is set to release its latest chatbot, Grok-1.5, on his social media platform X next week. Musk announced the upcoming launch in a post…
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Tornado Cash Co-Founder Seeks Dismissal of Charges, Argues Writing Code is Free Speech
Roman Storm, the co-founder of Tornado Cash, is facing legal challenges after being indicted by federal prosecutors in the Southern District of New York last August. Storm, along with another…
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B2Broker Launches B2Trader Brokerage Platform to Tap into Booming Crypto Market
The cryptocurrency market is experiencing rapid growth, with Bitcoin reaching all-time highs and the total market cap exceeding $2.37 trillion. This growth coincides with the introduction of the Markets in…
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