US DOJ CHARGES FOUR INDIVIDUALS OVER $80 MILLION ‘PIG BUTCHERING’ SCAM

Lu Zhang, Justin Walker, Joseph Wong, and Hailong Zhu are accused of conspiring to open shell companies and bank accounts to launder the proceeds from these scams, which included at least 284 transactions and resulted in over $80 million in victim losses.

SEC’S ANNOUNCES US TREASURIES CLEARING RULES TO TO IMPROVE RISK MANAGEMENT PRACTICES

The new rules require covered clearing agencies in the U.S. Treasury market to implement policies ensuring the clearing of specific secondary market transactions. Clearing agencies are also mandated to separately calculate and collect margin for house and

EBURY ENTERS AFRICA VIA ACQUISITION OF JOHANNESBURG-BASED PRIME FINANCIAL MARKETS

The acquisition reflects Ebury’s rapid international growth driven by increasing demand for its services as the FX and payments company now boasts over 1,700 employees across 38 offices in 23 countries, handling annual transaction volumes exceeding $27 bi

UK FCA TARGETS INVESTMENT PLATFORMS OVER INTEREST EARNED ON CUSTOMER CASH BALANCES

The FCA expects firms to review their approach to interest retention under the Consumer Duty. This includes ensuring that the amount retained is reasonable and represents fair value for customers. Firms are also expected to cease the practice of double-di

Latest warning from FCA, 51 companies are blacklisted

Latest warning from FCA, 51 companies are blacklisted

A Hong Kong listed company with a repurchase amount exceeding HKD 110 billion has reached a historic high since the beginning of this year

Statistics show that since 2005, Hong Kong stocks have gone through five rounds of buying spree, all of which started when the market experienced a significant decline and valuations were at a low level. Since this year, Hong Kong share repurchases have b

Is there too much derailment due to the imminent release of the US CPI? Gold price drops below 2000

There are still two days left until the last policy meeting of the Federal Reserve this year, and CPI data that may affect subsequent monetary policy is also about to be released. Gold, which had surged earlier this month due to geopolitical factors, has

NOMURA’S INSTINET FINED BY ASIC OVER DARK POOL’S MARKET INTEGRITY VIOLATIONS

According to the regulator, the MDP found that between January 1, 2021, and October 11, 2022, Instinet breached Rule 6.1.1. The BLX crossing system incorrectly referenced the ASX best bid and offer instead of the National Best Bid and Offer (NBBO), said A

DID THE SEC LIE ABOUT DEBT BOX’S ALLEGED $50 MILLION CRYPTO SCAM?

The DEBT Box calls itself “a revolutionary decentralized eco-friendly blockchain technology network of anonymous software operators who, together, create a blockchain eco-system”. The firm states that “a single DEBT Box provides the opportunity to offset

FINRA FINES BOFA SECURITIES $24 MILLION FOR SPOOFING IN US TREASURIES

An investigation by FINRA found that Wedbush has provided customers with access to third-party electronic trading platforms, However, the broker-dealer didn’t monitor customers’ trading activity, which increased the risk that potentially suspicious tradin

OBITUARY: CAMPBELL ADAMS, FOUNDER OF PARFX AND PURE DIGITAL, PASSES AWAY

Campbell Adams was a remarkable figure in the traditional and digital finance world, known for creating Pure Digital Markets, a significant digital currency trading initiative, and serving as the Director of S1Bit, a next-generation tool for professional

XTX MARKETS ANNOUNCES $10 MILLION FUND TO GO BEYOND CHATGPT IN MATH

“XTX Markets is excited to be launching the AI-MO Prize to spur the development of AI models capable of mathematical reasoning. We look forward to working with mathematicians, scientists and technologists to develop the prizes, and to seeing how AI models

DUBAI FINANCIAL MARKET TO LAUNCH CARBON CREDITS TRADING PILOT DURING COP28

Hamed Ali, CEO of DFM and Nasdaq Dubai, noted the growing global demand for carbon project financing and trade credits in the context of accelerating decarbonization efforts. “The launch of carbon credit trading represents a logical progression for DFM as

Crypto Hedge Fund Nine Blocks Obtains VASP License inDubai

Nine Blocks Capital Management is claiming bragging rights for being the first cryptocurrencyhedge fund to be granted a license under Dubai\'s Virtual Assets Regulatory Authority (VARA)The hedge fund also said Monday it\'s making Dubai its global headquar

Crypto Exchange HTX Resumes Bitcoin Services After $30MHack

In a later post on X (Twiter), Justin Sun said HTX aims to gradually bring back functionality tothe remaining cryptocurrencies, which he expects to be done "by next week."