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Tag: Cryptocurrencies

Blockchain and Cryptocurrency News 0

Texas regulators target crypto tokens capitalizing on Elon Musk, TruthGPT

Regulators in Texas are targeting the promoter behind two cryptocurrencies that aim to capitalize on Elon Musk’s AI pursuits, Bloomberg reported May 3. Texas securities board targets SF entrepreneur One of the cryptocurrencies is simply titled Elon Musk AI Token. The other is named TruthGPT Coin after Musk’s proposed ChatGPT competitor of the same name. Joe Rotunda, enforcement director for […]

Blockchain and Cryptocurrency News 0

FTX seeks to claw back $3.9B from Genesis; undersold SUI contracts by 1000x

FTX’s bankruptcy case proceeded as the company moved to recover $3.9 billion from Genesis. Meanwhile, an earlier FTX sale became relevant with the launch of SUI token. FTX aims to recover $3.9B in Genesis funds In a May 3 filing, FTX said it intends to begin adversary proceedings against Genesis Global Capital and other associated companies. That filing called Genesis […]

Forex Trading News 0

Swiss Broker Dukascopy’s Profit Surges 200% to Second-Highest in History

Dukascopy Bank, a Swiss retail forex and CFDs brokerage and retail banking provider, released its annual report for the financial year 2022 on Thursday, reporting the second-highest profit in the group’s history. The firm’s net profit skyrocketed 207% to CHF 6.4 million, which is up from CHF 2.1 million in 2021. Dukascopy Generates Profit across BoardHowever, the figure is below […]

Forex Trading News 0

South African CEO to Pay $3.4 Billion for Forex Fraud

A federal court in the United States has ordered Cornelius Johannes Steynberg, the South African CEO behind a $1.7 billion retail forex and commodity pool fraud, to pay a total of $3.4 billion. The amount comprises $1.7 billion in restitution payment to investors defrauded of about 30,000 Bitcoin (BTC) and another $1.7 billion in civil monetary penalty.Court Awards Record Penalty […]

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