Author: Dave Staff
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FTX Exits European Market with $33 Million Sale
FTX, the cryptocurrency exchange that declared bankruptcy in November 2022, has settled a dispute regarding its European division, paving the way for the return of the division to its original…
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Broadcom Close to Sealing $3.8 Billion Deal with KKR for Desktop Access Business
In a strategic move that underscores Broadcom’s ambition to streamline its operations, the semiconductor giant is on the cusp of finalizing a sale worth approximately $3.8 billion. The deal will…
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FCA Flags Clone Firms Posing as Eurotrader, First Abu Dhabi Bank
In a recent warning that feels a bit like déjà vu for those following the financial markets, the UK’s Financial Conduct Authority (FCA) has spotlighted a new clone firm scandal….
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Funding Pips Rises Again with Shift to Ctrader and TradeLocker
The trading world has seen its fair share of drama lately, with prop trading firms caught in a whirlwind due to significant shifts from platform providers like MetaQuotes, and the…
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Prosecutors Aim to Ground Binance Founder: All Passports Sought
The United States Attorney’s Office has proposed stricter bail conditions for Changpeng “CZ” Zhao, the former CEO of cryptocurrency exchange Binance, as he awaits his sentencing. The request, filed on…
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Judge Accepts $4.3 Billion Penalty in Binance Money Laundering Case
A U.S. court has sanctioned a monumental penalty exceeding $4.3 billion against Binance, the world’s premier cryptocurrency exchange, for breaches of anti-money laundering and sanctions laws. The ruling, emanating from…
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Biden Administration Escalates Pressure on China’s SMIC with Import Restrictions
The Biden administration has intensified its scrutiny of China’s top sanctioned chipmaker, Semiconductor Manufacturing International Corp (SMIC), by cutting off its most advanced factory from further American imports. This move…
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SEC Takes Action Against Contrarian Capital Management
The Securities and Exchange Commission (SEC) has instituted cease-and-desist proceedings against Contrarian Capital Management, L.L.C. (“Contrarian”) for violating Rule 105 of Regulation M under the Securities Exchange Act of 1934….
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SEC Orders UBS Financial Services Inc. to Transfer Remaining Funds and Terminates Fair Fund
The Securities and Exchange Commission (SEC) has issued an order authorizing UBS Financial Services Inc. to transfer the remaining funds of $20,487.50, which are infeasible to return to investors, to…
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Terraform Founder Do Kwon Finally Extradited to U.S.
Do Kwon, co-founder of Terraform Labs, will reportedly be extradited to the United States to face fraud charges after being in Montenegro since his arrest in March 2023. The High…
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Lyft Announces $400 Million Convertible Note Offering
Ride-hailing company Lyft , Inc. (NASDAQ: NASDAQ:LYFT) has revealed plans to offer $400 million in Convertible Senior Notes due 2029, subject to market conditions. The notes will be senior, unsecured…
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Super Micro Computer Plans $1.5 Billion Convertible Note Offering
Super Micro Computer, Inc. (NASDAQ: SMCI), a major player in IT solutions for AI, cloud, storage, and 5G/Edge, has announced its intention to offer $1.5 billion in convertible senior notes…
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Nvidia Q4 Revenue Soars 360% YoY Amid AI Chip Demand
Nvidia Corp. has reported stellar results for its latest quarter, surpassing market expectations as its revenue more than tripled from the previous year. The company’s revenue for the fiscal fourth…
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ThinkMarkets Cuts Ties with Prop Trading Firms on MT5 Restrictions
Proprietary trading firm Instant Funding has joined a growing list of retail platforms in halting the onboarding of new US clients. This decision comes in response to a recent move…
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Starknet’s STRK Token Plummets 55% Following Trading Debut
Starknet’s native token, STRK, experienced a significant drop in value, losing 55% of its worth within 24 hours of being listed for trading on Tuesday. The trading volume exceeded $1.2…
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USD Coin (USDC) Phasing Out Support for Justin Sun’s TRON Blockchain
Circle, the issuer of major stablecoin USD Coin (USDC), announced on Wednesday that it will no longer support USDC on the Tron blockchain. The discontinuation of support will be phased…
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Audacy Receives Court Approval to Emerge from Bankruptcy
Audacy, Inc. (OTC: AUDA), a prominent player in the radio broadcasting and podcasting industry, has announced a significant development in its restructuring process. The United States Bankruptcy Court for the…
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SEC Charges Andrew M. Komarow for Securities Trading Scheme
The Securities and Exchange Commission (SEC) has initiated administrative proceedings against Andrew M. Komarow for his involvement in a securities trading scheme. Komarow, a resident of Avon, Connecticut, was a…
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SEC Hits Christian Fernandez with Cease-and-Desist for Deceptive Practice
The Securities and Exchange Commission (SEC) has initiated cease-and-desist proceedings against Christian Fernandez, also known as Christian Crockwell, for his involvement in a scheme to deceive investors. The scheme involved…
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Prop Trading: Blue Guardian Limits New Account Registrations for US Clients
The turbulence in the prop trading industry continues as Blue Guardian joins the ranks of firms restricting new account registrations for US clients. The restriction, effective immediately, applies to both…
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Recent Posts
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