DeFi Protocol Convergence Exploited, CVG Token Value Evaporated Nearly 99%
The decentralized finance protocol Convergence suffered a severe exploit yesterday, leading to a 99% collapse in the value of its CVG token.
Allegations by India 'unsubstantiated', OctaFX claimed
Recently the Indian authorities alleged a well-known forex broker, Octa. According to Indian officials, OctaFX made more than INR 10 billion (about US$119.5 million) from its operations in India. A portion of it has been transferred to foreign firms, trapped in a web of intricate transactions. Furthermore, the claims state that the FX trading website transferred part of its illicit funds to locally registered funds to appear legal.
FINRA Warns: Beware the Risks of Extended-Hours Trading
FINRA warns investors about the risks of extended-hours trading, highlighting issues like reduced liquidity, higher volatility, and varying brokerage rules.
Philippines' Mynt Hits $5 Billion Valuation with Ayala and MUFG Funding
Philippines' Mynt hits a $5 billion valuation with Ayala and MUFG funding, highlighting the rapid growth in the country's fintech sector.
SEBI Introduces chatbot "SEVA" for Investors
SEBI, the Securities and Exchange Board of India, has recently launched SEBI's Virtual Assistant (SEVA) - an Artificial Intelligence (Al) based conversation platform for investors. The chatbot aims to provide investors with quick and easy access to information and assistance regarding their investments in the stock market.
Italy Sees Rise in Crypto Investments, Consob Reports
Italy's 2024 Consob report reveals a significant rise in crypto investments among families, highlighting a growing trend in digital assets and sustainability.
Malaysia Introduces the World’s First Shariah-Compliant Cryptocurrency Funds
Malaysia's digital finance landscape has reached a significant milestone with the official launch of the world's first Shariah-compliant cryptocurrency funds by Halogen Capital Sdn Bhd.
Fortex Unveils One-Click Trading Feature to Streamline Execution
Fortex Technologies, a leading provider of FX trading solutions, has introduced a One-Click Trading option to its suite of trading tools. This new feature aims to simplify and accelerate trade execution, offering traders instant order execution and customizable parameters to enhance their trading strategies.
India's Cybersecurity Crisis: Ransomware Takes 300 Small Banks Offline
India’s banking sector is grappling with a significant cybersecurity crisis as a ransomware attack has forced nearly 300 small banks offline, according to a report by Reuters. The attack has severely disrupted transaction processing among the affected lenders, highlighting vulnerabilities within the country's financial system.
You Will Never Make Money as a Trader Unless...
Understanding why most traders fail to make money in the Forex market and how to avoid common pitfalls can be crucial for those aiming to succeed.
FCA Latest Warning
The Financial Conduct Authority (FCA) recently released a warning about fraud brokers. Here is the complete list of such unauthorised brokers.
FXOpulence's Withdrawal Delays: Indian Trader Loses $5,834.79
The Indian trader's withdrawal requests were delayed by unregulated broker FXOpulence, resulting in a $5,834.79 loss. Learn about the risks of dealing with unauthorized trading platforms.
FXCL Summer Contest
FXCL is hosting a summer contest for all its clients. The contest offers a platform for traders to test their strategies and compete for attractive prizes. The registration process is ongoing. The contest will begin on August 5, 2024, until August 9, 2024.
Swiss FINMA's New Rules on Stablecoins and Risks
Swiss FINMA releases new guidance on stablecoins, highlighting risks of money laundering, default guarantees, and regulatory requirements for issuers.
Retail Sentiment Analysis – EUR/USD, USD/JPY Latest
View current trader sentiment and discover who is going long and short, the percentage change over time, and whether market signals are bullish or bearish.
Meta: Instagram and Facebook ads help drive profit surge
Sales of Instagram and Facebook adverts have soared, delivering a surge in profits for parent company Meta.
The Pitfalls of Online Brokers
Here are some of the most critical errors that online brokers are making today.
Navigating the Crypto Jungle: Choosing the Right Cryptocurrency for Investment
With thousands of digital currencies available, from the well-known Bitcoin and Ethereum to lesser-known altcoins, the choices are overwhelming. How does one decide where to put their money? While there’s no one-size-fits-all answer, understanding the key factors and conducting thorough research can help investors make more informed decisions.
Beware of the Lion Scam
A well-rated, regulated broker defrauds its customers. Vietnam-based victim complaint on WikiFX Regarding the issue of withdrawal. WikiFX is a leading global third-party forex industry information service platform.
Terraform Victims Get Compensation Updates
The U.S. Securities and Exchange Commission (SEC) has launched a dedicated information page for investors affected by the collapse of Terraform Labs, the company behind the failed stablecoin Terra USD (UST).