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BaFin Halts USDe Token Issuance, Citing Serious Compliance Failures
The German regulator BaFin has frozen USDe token issuance amid compliance issues. What led to this drastic move, and how does it impact the market?
Is Billion Bucks Fx Scam?
Recent claims on YouTube and social media platforms allege that Billion Bucks Fx is a scam broker. Many traders have reportedly lost money after investing with this broker, and it has been given a notably low score of 1.06/10 by independent rating platforms. In this article, we break down the details of Billion Bucks Fx, assess the risks, and provide insight into whether investors should be wary of its services.
SocialFi and the Forex Market: A New Era for Decentralized Social Trading?
The worlds of social media and decentralized finance (DeFi) have converged under a new banner—SocialFi. Short for “Social Finance,” SocialFi leverages blockchain technology to reward user engagement, giving individuals direct control over their data and interactions. While SocialFi has primarily emerged in the context of content creation and crypto communities, its principles could soon revolutionize the forex market by reshaping how traders share insights and monetize social influence.
Do This ONE Thing to Transform Your Trading Performance Forever
The story is all too familiar. You start trading with high hopes, make some quick profits, and feel like you've finally cracked the code. But then, just as fast as your gains came, they disappear. Your account balance dwindles, and soon you’re left wondering what went wrong. Worse still, fear and confusion creep in, making every new trade a stressful gamble rather than a calculated decision. If this cycle sounds familiar, you’re not alone.
How Scammers Stole $7Million | Why the U.S. is Giving It Back
US authorities have announced plans to return $7 million to victims of a cryptocurrency investment fraud that deceived investors into sending funds to fraudulent trading platforms.
This FREE App Is Helping Millions Avoid Financial Scams
Fraudulent brokers, Ponzi schemes, and deceptive trading platforms are on the rise, making it increasingly difficult to distinguish between legitimate and illicit financial services. Fortunately, there’s a powerful, free tool designed to help users identify and avoid scams before it’s too late—WikiFX.
Could Japan Move Away from Ultra-Low Rates?
Japan's Interest Rate Hike: Is the Era of Ultra-Low Rates Over?
Fed Rate Cut Expectations Lowered
Federal Reserve officials have adjusted their rate cut expectations, now anticipating only one rate cut this year instead of the previously expected two.
Hong Kong Banks and Authorities Collaborate to Freeze Fraudulent Accounts Faster
Hong Kong police, HKMA work with banks to freeze fraud-linked accounts faster, addressing scam issues while protecting the city's financial reputation.
PH Telecom Offers Free App to Protect Users from Scams
Globe Telecom partners with Gogolook to provide free Whoscall Premium Basic, enhancing digital security with caller ID, web checker, and ID security features.
Africa Cybercrime Bust: Over 300 Arrested in Fraud Crackdown
Operation Red Card sees 306 arrests across seven African nations, dismantling major cybercrime networks involved in banking fraud, scams, and phishing.
The Growing Threat of Fake Emails and Phishing Scams
Fake emails and phishing scams are on the rise in crypto, targeting users with fraudulent wallet setup instructions. Stay vigilant and protect your assets.
Forex Explained in 60 Seconds: How It Works & Who Profits
Before diving into the forex market, it’s crucial to understand its mechanics, risks, and profit potential. Without a clear grasp of how forex operates, you risk losing money instead of making it. Here’s a concise breakdown to help you navigate this dynamic financial market.
Malaysian Fraudsters at the Centre of US$214 Million Investment Scam
Two Malaysians are among seven individuals charged by US authorities in connection with a large-scale investment fraud scheme that generated over US$214 million in illicit gains.
Lance Gokongwei Warns Public Against Cryptocurrency Scams
Lance Gokongwei, JG Summit CEO, warns against cryptocurrency scams, urging vigilance on social media. Stay informed to protect your investments.
206 Filipinos Rescued from Myanmar Scam Farms to Arrive in Manila
206 Filipinos rescued from scam farms and rebel groups in Myanmar will arrive in Manila starting Monday, with government assistance for reintegration.
Tariff Deadline Looms on April 2: Where Will the Market Go?
Global markets hold their breath as April 2nd approaches, a potential turning point in the battle between bulls and bears.
Gold Prices Swing Near Record Highs
Gold clings to highs amid choppy moves, as investors await the next catalyst.
XTB Opens New Dubai Office
Poland-listed retail broker XTB has further solidified its presence in the Middle East by inaugurating a new office in Dubai. The announcement, made on Monday, marks another significant milestone in XTB’s aggressive global expansion strategy.
Fintech Firm EBSWare Expands Prop Trading to Global Stocks
Global fintech innovator EBSWare has recently broadened its EBSWare Prop white-label solution, enabling brokers to incorporate global stock markets into their proprietary trading platforms. This strategic expansion targets the growing demand for stock-based prop trading by offering a versatile and robust framework for trading challenges and competitions.
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