GBP/USD Wilts Toward Key Retracement As Rate Prospects Support USD
Economic fragility in the UK and the prospect of higher interest rates for longer in the US add up to a toxic mix for Sterling bulls Read More
2022 Equity Market Rout Pushed CFDs Investors Out, Data Shows
<p>Although 2023 started on a solid foot, the stock market’s collapse in 2022 was impossible not to notice. Substantial discounts on leading indices and a continuously strengthening dollar have reduced retail investor activity on Wall Street and almost every other stock trading floor worldwide.</p><p>Have investment firms felt the decline in <a href=”https://www.financemagnates.com/terms/e/equities/” class=”terms__main-term” id=”d6e02698-4c6b-44dd-ab57-9ff12763325c” target=”_blank”>equities</a> interest? Which instruments may have […]
US Indicts Four Co-Founders of $340M Forsage Ponzi Scheme
<p>The United States authorities have charged four co-founders of the cryptocurrency <a href=”https://www.financemagnates.com/terms/p/ponzi-scheme/” class=”terms__main-term” id=”43e13ed7-9295-4761-824f-9d9c98eb15a5″ target=”_blank”>Ponzi scheme</a> Forsage, which raised around $340 million by running the decentralized finance (DeFi) investment platform.</p><p>Forsage C-Founders Face Charges</p><p>Announced on Wednesday, the indictment brought by a federal grand jury in the District of Oregon named four Russian nationals: Vladimir Okhotnikov, Olena Oblamska, Mikhail Sergeev, and […]
Gate.io Crypto Exchange to Launch Gate HK and Apply for Local License
<p>The list of cryptocurrency platforms that want to obtain new cryptocurrency trading licenses in Hong Kong is getting longer. After <a href=”https://www.financemagnates.com/cryptocurrency/huobi-to-launch-huobi-hong-kong-crypto-exchange-amid-regulatory-update/” target=”_blank” rel=”follow”>Huobi decided </a>to launch its local <a href=”https://www.financemagnates.com/terms/e/exchange/” class=”terms__main-term” id=”b5da6e64-2afe-421d-9b81-16404b7d59d6″ target=”_blank”>exchange</a> in the region, Gate Group’s owner of the Gate.io trading brand made a similar announcement.</p><p>Gate.io wants to apply for trading authorization in Hong Kong and to […]
FSMA Warns against Webull Clone and 20 Other Unlicensed Platforms
<p>The Financial Services and Markets Authority (FSMA), Belgium’s financial market regulatory watchdog, flagged 21 online trading platforms offering unlicensed services in the country. A <a href=”https://www.financemagnates.com/terms/c/clone/” class=”terms__main-term” id=”c02bac54-0735-474c-8969-06d3fdb49589″ target=”_blank”>clone</a> of Webull, a popular US trading platform for retail investors, is one of them.</p><p>Webull Clone in Belgium’s FSMA Warning</p><p>Belgium’s FSMA says the list contains potentially fraudulent companies and advises against using […]
Exclusive: OvalX (Formerly ETX Capital) Is Officially Shutting Down
<p>The Chief Executive of OvalX (formerly ETX Capital), Luca Merolla, called all the staff of the forex and contracts for differences (CFDs) broker on Wednesday, confirming that the company is shutting down; Finance Magnates learned from industry sources. He further asked the employees not to reveal the news publicly.</p><p>OvalX Will Shutter on 17 March</p><p>A customer services executive of the broker […]
US Indicts Four Co-Founders of $340M Forsage Ponzi Scheme
<p>The United States authorities have charged four co-founders of the cryptocurrency <a href=”https://www.financemagnates.com/terms/p/ponzi-scheme/” class=”terms__main-term” id=”43e13ed7-9295-4761-824f-9d9c98eb15a5″ target=”_blank”>Ponzi scheme</a> Forsage, which raised around $340 million by running the decentralized finance (DeFi) investment platform.</p><p>Forsage C-Founders Face Charges</p><p>Announced on Wednesday, the indictment brought by a federal grand jury in the District of Oregon named four Russian nationals: Vladimir Okhotnikov, Olena Oblamska, Mikhail Sergeev, and […]
Gate.io Crypto Exchange to Launch Gate HK and Apply for Local License
<p>The list of cryptocurrency platforms that want to obtain new cryptocurrency trading licenses in Hong Kong is getting longer. After <a href=”https://www.financemagnates.com/cryptocurrency/huobi-to-launch-huobi-hong-kong-crypto-exchange-amid-regulatory-update/” target=”_blank” rel=”follow”>Huobi decided </a>to launch its local <a href=”https://www.financemagnates.com/terms/e/exchange/” class=”terms__main-term” id=”b5da6e64-2afe-421d-9b81-16404b7d59d6″ target=”_blank”>exchange</a> in the region, Gate Group’s owner of the Gate.io trading brand made a similar announcement.</p><p>Gate.io wants to apply for trading authorization in Hong Kong and to […]
Gate.io Crypto Exchange to Launch Gate HK and Apply for Local License
<p>The list of cryptocurrency platforms that want to obtain new cryptocurrency trading licenses in Hong Kong is getting longer. After <a href=”https://www.financemagnates.com/cryptocurrency/huobi-to-launch-huobi-hong-kong-crypto-exchange-amid-regulatory-update/” target=”_blank” rel=”follow”>Huobi decided </a>to launch its local <a href=”https://www.financemagnates.com/terms/e/exchange/” class=”terms__main-term” id=”b5da6e64-2afe-421d-9b81-16404b7d59d6″ target=”_blank”>exchange</a> in the region, Gate Group’s owner of the Gate.io trading brand made a similar announcement.</p><p>Gate.io wants to apply for trading authorization in Hong Kong and to […]
US Indicts Four Co-Founders of $340M Forsage Ponzi Scheme
<p>The United States authorities have charged four co-founders of the cryptocurrency <a href=”https://www.financemagnates.com/terms/p/ponzi-scheme/” class=”terms__main-term” id=”43e13ed7-9295-4761-824f-9d9c98eb15a5″ target=”_blank”>Ponzi scheme</a> Forsage, which raised around $340 million by running the decentralized finance (DeFi) investment platform.</p><p>Forsage C-Founders Face Charges</p><p>Announced on Wednesday, the indictment brought by a federal grand jury in the District of Oregon named four Russian nationals: Vladimir Okhotnikov, Olena Oblamska, Mikhail Sergeev, and […]