The Aussie regulator has been conducting a focused evaluation of Binance’s financial services business in Australia, focusing on the categorisation of retail and wholesale consumers. ASIC issued a hearing notice on 29 March to assess whether to revoke or suspend the AFS licence held by Oztures Trading Pty Ltd. ASIC Chair Joe Longo said: It…
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Economic Data for the Week Ahead: Monday 3 April US ISM Manufacturing PMI for March at 3:00 pm GMT+1 Markets welcome the latest manufacturing PMI data from the US, expected to marginally tick lower to 47.1 in March from February’s 47.7 figure. However, the forecast range resides between 48.0 and 44.4. Tuesday 4 April Reserve…
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OKX Managing Director of Global Institutional Lennix Lai said: Regulation and licensing are key to the future success of the crypto and Web3 sectors. At OKX, we see immense potential in Hong Kong, and are committed to investing in talents and working with regulators over the next five years to continue building the local ecosystem.…
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The accounts in question were unfrozen around the time of the payment and reportedly tens of millions of dollars-worth of cryptocurrencies were used to fund Alameda’s additional trading activity. Bankman-Fried already pleaded not guilty to eight counts of criminal charges and he hasn’t been yet arraigned on five others. FTX and Alameda collapsed in November…
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The complaint alleges that Binance has offered and executed commodity derivatives transactions for US clients since July 2019. Moreover, the CFTC said that Binance directed its employees and customers to get around compliance controls detailing that they were encouraged to use messaging applications set to automatically delete written communication to avoid leaving evidence. The complaint…
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The SEC alleged in a complaint filed in a New York district court that Justin Sun engaged in "extensive wash trading," artificially inflating the trading volume of TRX in the secondary market and violating anti-fraud and market manipulation provisions of federal securities laws. The regulator also accused the TRON founder of earning $31 million in…
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Bruce Jackson, Chief of Digital Asset Funds and Business at Apex Group,said: Today’s announcement is an important next step in our global strategy of institutionalising digital markets, enabling institutional capital to access this digital asset class within the same secure and regulated framework they are familiar with from the traditional financial markets. Apex Group and…
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U.S. Attorney Damian Williams said: Irina Dilkinska, the supposed Head of Legal and Compliance for the OneCoin cryptocurrency pyramid scheme, accomplished the exact opposite of her job title and allegedly enabled OneCoin to launder millions of dollars of illegal proceeds through shell companies. Dilkinska helped perpetuate a wide-ranging scheme with millions of victims and billions…
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A spokesperson for TMGM said: We are thrilled to be part of this exciting new venture. As a broker that has always been committed to innovation and providing our clients with the best possible trading experience, we see Crossover Markets as a natural extension of our services. We believe we can help our clients achieve…
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Interestingly, we see a comparable picture on the CAC 40—the benchmark stock index from France—and the EU50, which is the Euro Stoxx 50 that houses the largest companies in Europe. The two charts are shown below. You will see that the CAC 40 displays a daily Quasimodo resistance-turned-support at 6,791 that is joined by RSI…
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