According to the Cryptocurrency Scam Report by Bolster—a fraud prevention company—the boom in cryptocurrency use, coupled with the coronavirus pandemic, made cryptocurrency scams more rampant in 2020. In the study, Bolster analyzed the activities of over 300 million websites and discovered that more than 400,000 cryptocurrency scams were created last year alone. According to the […]
The world’s largest cryptocurrency exchange, Binance, has announced that it will be hiring two former Financial Action Task Force (FATF) members to bolster its compliance and regulatory arm. The latest to the organization are Rick McDonell and Josee Nadeau. The exchange noted in a press release earlier today that it aims to improve its AML […]
The original Bitcoin takes center stage at Sir Anthony Ritossa’s 13th Global Family Office Investment Summit in Dubai as Jimmy Nguyen, founding president of Bitcoin Association, gave a keynote presentation and hosted a panel discussion and other Bitcoin SV proponents and clients presented testaments as to how it can be used in various business platforms. […]
Adamu Lamtek, a senior official at the Central Bank of Nigeria (CBN), has denied claims that the bank restricted the use of cryptocurrencies. Instead, Lamtek noted that the institution’s directive applied to the banking sector only. This statement by Lamtek, who was speaking on behalf of CBN Governor Godwin Emefiele, is coming a month after […]
The USD/CAD traded higher in the European session on Friday but erased its daily gains and fell below the 1.2500 support at the open of the US market, as the fundamental scene remains erratic. The loonie got hit badly on Thursday following a sharp decline in crude oil prices. With the price of crude oil […]
The GBP/USD failed, once again, to scale the 1.4000 resistance and has fallen to the 1.3900 area, indicating that Wednesday’s post-dovish FOMC monetary policy effect on the market has worn off. The decline is getting its drive by the broad recovery of the US dollar, which is getting boosted by soaring US bond yields. The […]
The EUR/GBP maintained a sideways bias into today’s trading session despite several supporting fundamental factors on both sides. The UK press announced over the weekend that the UK might be able to offer every adult in the country the first vaccination by June 10, several weeks earlier than the government’s target. Meanwhile, the governor of […]
The recent market risk sentiment boost that spurred the S&P 500 to new record highs, caused the US to raise $120 billion in coupon sales and prompted the European Central Bank (ECB) to promise to “significantly” boost bond purchasing programs, appears to have fizzled out ahead of the weekend. Meanwhile, the US dollar index (DXY) […]
The world’s largest cryptocurrency exchange, Binance, is reportedly under investigation by the US Commodity Futures Trading Commission (CFTC) for letting residents trade derivatives without having the necessary registration. Although the CEO of the company, Changpeng Zhao, has come out to call the accusation a “FUD,” it didn’t stop the cryptocurrency market from taking the news […]
