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Forex Market News

Out with the old, in with the new: Could digital currencies replace fiat money?

Feb 21 2018 15:41:59 Stanimir Zhelev in Market

  In 1971, US President Richard Nixon suspended the convertibility of the dollar into gold and pitched a stone into the relatively calm waters of the global economy. Read more

CONSOB issues cease orders against several forex, binary options brokers

Feb 20 2018 09:24:27 Jonathan Smith in Market

 Italy’s financial markets and service providers regulator CONSOB announced it has issued cease orders against several forex and binary options brokers that are operating in violation of Italian law. Read more

Switzerland’s FINMA warns of forex broker ProfitTrade24

Feb 19 2018 08:26:09 Jonathan Smith in Market

 Switzerland’s financial markets and services regulator FINMA has issued a warning against the forex broker ProfitTrade24. Read more

UK’s FCA warns of unregulated forex broker XMarkets

Feb 16 2018 08:19:16 Jonathan Smith in Market

UK’s Financial Conduct Authority (FCA) has issued a warning that the forex broker XMarkets is not licensed to offer its services in the UK.   “This firm is not authorised by us and is targeting people in the UK. Read more

UK’s FCA warns of forex broker Prime CFDs

Feb 13 2018 07:55:43 Jonathan Smith in Market

 UK’s financial markets and services provider regulator FCA, has issued a warning against the forex broker Prime CFDs.   According to the notice, the broker is providing services in the UK on its site - www.primecfds.com, without the proper authorization. Read more

FCA: Brits lose GBP 87 000 to binary options scams per day

Feb 02 2018 09:16:33 Jonathan Smith in Market

 Brits lose an average of GBP 87 000 a day to binary options scams, said UK’s financial services watchdog the Financial Conduct Authority (FCA) in its latest advisory. In the publication the FCA urges the public to be vigilant to the threat of online investment fraud. Read more

Facebook bans cryptocurrency, ICO, binary options ads

Jan 31 2018 08:04:08 Jonathan Smith in Market

Facebook is banning the ads of cryptocurrencies, including bitcoin, initial coin offerings (ICOs) and binary options across its network and partnering sites, said the company in a blog post. Read more

Coincheck execs don’t admit security flaws

Jan 29 2018 08:37:40 Jonathan Smith in Market

 The executives of the Japanese cryptocurrency exchange Coincheck, which became the latest victim of a security breach and theft of cryptocurrencies worth $530 million, refused to admit security flaws, reports CCN. Read more

OneCoin now owned by “poor boy” from Sofia – media

Jan 24 2018 14:01:54 Jonathan Smith in Market

The companies behind the OneCoin MLM ponzi scheme have been transferred to Kristian Manolov from one of the less affluent suburbs of Bulgaria’s capital Sofia, reports the local daily 24 Chasa. Read more

Keeping things private – New data protection and financial regulation protect investors

Jan 23 2018 14:57:45 Stanimir Zhelev in Market

We have all experienced a well targeted advert popping up on our social media after posting a comment on a subject. Read more

South Korea to forbid anonymous cryptocurrency trading, blanket ban averted

Jan 23 2018 12:12:42 Jonathan Smith in Market

 It looks like the South Korean government has abandoned its plans to impose a blanket ban on cryptocurrency trading in the country, but will nevertheless impose certain restrictions. Read more

Amid police crackdown, OneCoin denies money laundering, organized crime charges

Jan 23 2018 10:24:37 Jonathan Smith in Market

 OneCoin, the MLM cryptocurrency ponzi scheme, denied the charges of money laundering, organized criminal activities and fraud, under which the Bulgarian specialized prosecution and police conducted searches, questionings and confiscations last week. Read more

Bitconnect shuts down exchange, stops lending too

Jan 17 2018 15:11:14 Jonathan Smith in Market

 Bitconnect, a company offering cryptocurrency trading and lending, said it is shutting down its operations. Read more

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