The SEC Files as the CFTC Settles Charges Against Swiss Securities Dealer

The United States Securities and Exchange Commission (SEC) has filed charges against XBT Corp. SARL on the same day that the Commodity Futures Trading Commission (CFTC) settles charges against the same company.  SEC allegations In a press release on Oct. 31, the SEC alleged that the Switzerland-based securities dealer, XBT Corp. SARL, operating under the name First Global Credit, […]

Instagram influencer nabbed in Dubai for running alleged cryptocurrency investment scam

Aziz ‘Com’ Mirza, a Canadian man living in Dubai, has been arrested by authorities and accused of defrauding investors through a string of get-rich-quick schemes, including real estate-backed cryptocurrency Habibi Coin — once dubbed “the Bitcoin of the Middle East.” According to Gulf News, Mirza, who describes himself as a serial entrepreneur, mentor, influencer, and […]

BITCOIN PASSES $1 BILLION MILESTONE ON CRYPTOCURRENCY ANNIVERSARY

Bitcoin has reached $1bn (£770m) in cumulative transaction fees, passing the major milestone on the eleventh anniversary of the world’s first cryptocurrency. Data gathered by analytics firm Coin Metrics revealed that over 200,000 bitcoin have now been paid in transaction fees since it launched in 2009 – three months after its creator Satoshi Nakamotoa, a pseudonym, published the white paper […]

Denmark Follows U.K. to Ban Binary Option Sale to Retail Clients

Denmark plans to ban the sale of binary options to retail customers, saying the securities are too complex and risky for non-professional investors. The move mirrors similar measures under way in other countries, including the U.K. and Austria. Growing numbers of retail investors in Europe are losing money on the products, which are often sold online by […]

Facebook plans June 18th cryptocurrency debut. Here’s what we know

Facebook  is finally ready to reveal details about its cryptocurrency codenamed Libra. It’s currently scheduled for a June 18th release of a white paper explaining its cryptocurrency’s basics, according to a source who says multiple investors briefed on the project by Facebook were told that date. Meanwhile, the company’s Head of Financial Services & Payment Partnerships […]

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