News list for "financial"
On Jan. 22, Lisa Kruse, commissioner of the North Dakota Department of Financial Institution Group, told members of the House Committee on Industry, Commerce and Labor that the state's residents filed 103 complaints of cryptocurrency scams with the FBI, resulting in a total of $6.50 million in losses in 2023. The FBI reported in September that Americans lost $5.60 billion to cryptocurrency fraud in 2023 and recorded 5,500 cases involving cryptocurrency ATMs with losses exceeding $189 million.
Kim Byung-hwan, chairperson of South Korea's Financial Services Commission (FSC), said he plans to announce his position on allowing businesses to invest in virtual assets (cryptocurrencies) as soon as possible, while also expediting preparations for the stablecoin regulatory system and the second phase of legislation.
According to the Financial Times, Google invested another $1 billion in OpenAI competitor Anthropic.
Trump said he would impose tariffs on European Union goods.
According to the official website, the additional 5% supply of the Trump Family Crypto Project WorldLibertyFinancial (WLFI) has started selling.
Trump family crypto project World Liberty Financial advisor Ryan Fang retweeted a tweet related to the BSC network Meme token WHY. It is reported that WHY is a BSC network Meme token, Rayn Fang is a consultant to the Trump family project WLFI, and is also the founder of ANKR. The symbol animal of the Republican Party is the elephant, and WHY is used as an elephant icon Meme token to celebrate the upcoming inauguration of Republican President-elect Trump.
The Stuttgart Digital Exchange says Germany's Federal Financial Supervisory Authority has granted it a Crypto Asset Service Provider (CASP) license under the MiCA regulation, which comes into effect at the end of 2024. It is the first German company to be granted a license that allows it to operate throughout the European Union.
The Suqian court disclosed an online pyramid scheme case in the name of investing in virtual currency financial management projects. The alleged offender created the "ACORNS" network platform, and in the absence of actual business projects, he issued "ACO" and other virtual currencies, and promoted that the virtual currency could participate in financial management to obtain high returns as bait, requiring members to pay 100 USDT for financial management as a threshold to obtain static income. A...
South Korea's Financial Services Commission (FSC) has reported its first case of unfair trading under the Virtual Asset User Protection Act, which came into effect in July 2024 and requires local virtual asset service providers (VASPs) to report unusual trading and investigate unfair trading patterns. According to the FSC, the suspect used a "pump and dump" technique to manipulate the market, artificially inflating the price of a cryptocurrency by initiating multiple payers, and then selling a l...
The Brazilian Securities Commission (CVM) has issued a directive requiring Ukuchuma Financial Services LTD and IGM Forex LTD to stop soliciting clients in Brazil. The CVM said that the investigation found that the two companies did not have a license to operate in the securities market, so they should immediately stop operating. According to the CVM report, the companies are suspected of soliciting clients from Brazilian residents through the XPROMarkets brand and website to conduct securities t...
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