Cryptocurrency exchange, Binance, has been facing tumultuous times as they have been the focus of several regulatory actions recently. The most recent blow just came from Malaysia. The Securities Commission (SC) of Malaysia today announced that it has taken enforcement action against Binance for illegally operating a digital assets exchange […]

While decentralized finance (DeFi) remains a phenomenal creation, the market has faced numerous challenges mostly, fraud-related cases. According to CipherTrace, fraud within the DeFi space between January and April added over $240 million. To protect investors and users, the industry introduced new solutions, including Know Your Customers (KYC) and auditing […]

The Central Bank of Russia (CBR) has identified 146 financial pyramid schemes in only six months this year. Fraudsters often lure people with weak financial literacy into investment scams linked to cryptocurrencies or crypto mining operations. Pyramid Schemes Thrive Amid Rising Investment Demand, Bank of Russia Says The number of […]

Non-fungible token (NFT) creative studio INFLUXO is launching a limited edition NFT collection featuring two-time FIFA World Player of the Year, Ronaldinho, on its integrated marketplace. INFLUXO provides complete digital asset solutions for star athletes and entertainers to create NFTs, bringing them closer than ever to their fans. The tech-driven […]

FD Technologies (AIM: FDP.L, Euronext Growth: FDP.I), previously known as First Derivatives, announced that Steve Fisher has handed in his notice as its Non-Executive Director and a member of the Board, effective from the end of January 2022. According to a press release shared with Finance Magnates, Steve Fisher, a […]

Nomura Holdings, Inc., a big name in the Japanese financial services industry, has reported 353.3 billion yen ($3.2 billion) in consolidated revenue for the first quarter of fiscal 2022. The overall number slipped year-over-year from the record figures posted by the group companies last year. The group generated a consolidated […]

Digital currency exchange Huobi is to dissolve its Chinese subsidiary, originally set up to house the exchange in China, after moving its business from the country several years ago. The move sees Huobi join fellow digital currency exchange OKEx in closing down its Chinese arm, following the People’s Bank of […]

The legal battle between the Securities and Exchange Commission and Ripple has finally reached a conclusion. Since December 2020, Ripple has been battling the lawsuit. Claiming that its XRPs are utility tokens, outside the reach of US regulators. XRP Price, on the other hand, has been a clear outperformer. Jeremy […]

Business intelligence and mobile software firm MicroStrategy has pledged to buy more Bitcoin despite reporting impairment losses of $424.8 million in Q2. This is only a paper loss however based on the price of Bitcoin at the end of the quarter and does not reflect a realized loss. Depending on […]