Hedge Funds Shorting Tesla as Elon Musk and Donald Trump Forge Alliance
Since Donald Trump’s election victory, hedge funds that maintained short positions on Tesla Inc. have incurred staggering losses, exceeding $5 billion on paper. This setback comes as Elon Musk, the Tesla CEO and the world’s richest person, publicly endorses Trump, aligning himself as one of the president-elect's most prominent billionaire supporters.
Beware of Fake CySEC Representatives
The Cyprus Securities and Exchange Commission (CySEC) has issued a warning regarding deceptive practices on public review websites, including TrustPilot and Google Business, where users have reported fraudulent activity. CySEC revealed that certain individuals are impersonating CySEC officers or representatives, contacting investors and demanding fees in exchange for facilitating the recovery of investment losses tied to CySEC-regulated firms.
Binance Ordered to Unmask Account Holder in €186,000 Crypto ‘Pig Butchering’ Scam
In a significant ruling, a court in The Hague has ordered the cryptocurrency exchange Binance to disclose personal information of an account holder implicated in a major dating app scam. This directive follows a case involving a Dutch woman who fell victim to a “pig butchering” scam, leading to a loss of nearly €186,000 (approximately $200,000 USD) in what she believed to be a legitimate cryptocurrency investment.
Will Trump’s Second Term Drive Economic Growth Through Tax Cuts?
Donald Trump’s second term may bring economic boosts with plans for tax cuts, deregulation, and crypto policies, impacting banks and various sectors worldwide.
Tether Expands Into Trade Finance with $45M Oil Deal
Tether enters the $10T trade finance market with a $45M crude oil deal, aiming to streamline cross-border transactions using USDT.
Earn up to $500 with PU Prime
Do you want to earn up to USD 500 by simply showcasing your trading skills and strategies? Then this is a must-have chance for you. PU Prime recently launched a "Trade for Treats" program for users, offering the chance to win $100 to $500.
ThinkMarkets Expands Mobile Integration with TradingView
ThinkMarkets extends its services to TradingView's mobile app, enhancing access to markets with CFDs on currency pairs, stocks, and commodities.
Bitcoin Surges Past $80,000 as Trump Backs Crypto in the USA
Bitcoin hits new highs over $80,000 amid Trump’s support, driving cryptocurrency optimism. Musk's Dogecoin also surges. Explore the future of crypto under Trump.
Why Do Experienced Traders Care About Forex Spreads?
In Forex trading, even small fluctuations can make a significant difference, especially over the long term. One crucial factor that seasoned traders pay close attention to is the spread – the difference between the bid (selling) price and the ask (buying) price of a currency pair. While beginners may overlook its impact, experienced traders understand that spreads play a crucial role in trading costs, strategy selection, and overall profitability.
Octa Survey Reveals: Most traders are engaged in charity
The well-known broker, Octa recently conducted research covering hundreds of traders in several countries, including Indonesia, Malaysia, Nigeria, and South Africa. Octa’s research revealed that most Traders Donate to Charity.
How Useful is Reviewing Last Year's Data for Trading Analysis?
Analyzing last year's trading data offers invaluable insights into market trends, helps refine trading strategies, and enhances decision-making for future trades.
Beginner 101: WikiFX’s Guide on How to Choose the Right Broker
For new traders entering the world of forex, choosing the right broker is one of the most crucial decisions they’ll make. A reliable broker can serve as a trusted partner, providing a platform that’s secure, transparent, and regulated. However, with thousands of options available, selecting the right broker can be overwhelming. That is why WikiFX is here to make things easy for you!
Octa partnered with "Keeping it Real" Foundation to help Nigerian women
Octa, a well-known broker, partnered with the Keeping It Real Foundation (KIR) to help Nigerian women improve their business skills in celebration of their 13th anniversary.
Trading is Not Gambling—Unless You Make It So
In the world of online trading, a common misconception persists: trading is often seen as no different from gambling. This belief is particularly prevalent among newcomers, who may view the financial markets as a fast-paced game where winning is just a matter of luck. But trading, when done correctly, is far from mere chance!
JPMorgan Expands Rapid Forex Settlements with JPM Coin Blockchain
JPMorgan to offer instant USD/EUR settlements via JPM Coin, with plans to include GBP. Blockchain tech aims to streamline forex for fintech firms.
Polish Financial Regulator Issues Warning on Crypto.com
The Polish Financial Supervision Authority (KNF) has recently issued a cautionary warning regarding Foris DAX MT, the Malta-based entity operating under the Crypto.com brand
FCA Convicts 2 Individuals from CCX Capital & Astaria Group in £1.5M Crypto Scam
The Financial Conduct Authority (FCA) recently secured convictions against Raymondip Bedi and Patrick Mavanga, from CCX Capital and Astaria Group respectively, for orchestrating a £1.5 million investment fraud that affected over 65 investors between February 2017 and June 2019.
Saxo Singapore Discontinues SaxoWealthCare and SaxoSelect
Saxo Singapore will discontinue SaxoWealthCare and SaxoSelect by December 2024, advising clients to withdraw funds and offering alternative investment options.
FINRA Imposes $115,000 Fine on Spartan Capital Securities Over Compliance Failures
Spartan Capital Securities, LLC, a brokerage firm, has agreed to a settlement with the Financial Industry Regulatory Authority (FINRA), which includes a fine of $115,000, a censure, and the requirement to retain an independent consultant.
SEC Seeks to Dismiss Kraken's Defenses in Legal Case
The SEC intensifies legal action against Kraken, arguing the exchange operates as an unregistered securities platform. Kraken fights back with multiple defenses.
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