Crypto Fraudster Sentenced to 11 Years as China Intensifies Crackdown
China has sentenced a crypto fraudster to 11 years in prison and imposed a CNY 50,000 (approximately $6,900) fine for misrepresenting digital tokens in a fraudulent sale.
Elon Musk’s DOGE Sparks a Wave of Crypto Fraud
Scammers have capitalised on the widespread attention surrounding DOGE by creating fraudulent schemes that promise lucrative returns. Many of these scams falsely associate themselves with Musk or the DOGE initiative and incorporate similar branding, including logos and terminology.
Robinhood’s $200 Million Gamble: Can It Conquer Singapore’s Crypto Scene?
Robinhood is expanding its global footprint, with Singapore emerging as its next strategic hub in Asia. The fintech company, known for its commission-free trading platform, is preparing to introduce crypto products in the region upon completing its $200 million acquisition of Bitstamp.
Will SOLANA Survive the Meme Coin Collapse?
After reaching an all-time high of $261 in January, Solana (SOL) has seen its value decline, driven largely by the cooling of the meme coin frenzy that had fuelled its rapid ascent.
AUSTRAC Shakes Up Australia’s Crypto and Money Transfer Industries
Australia’s financial regulator, AUSTRAC, has taken decisive action against 13 remittance service providers and cryptocurrency exchanges as part of a broader effort to strengthen compliance within these industries.
Is Binance Really for Sale? The Truth Behind the Speculation and Market Shifts
Speculation surrounding the potential sale of Binance, the world’s largest cryptocurrency exchange, has been firmly denied by its co-founder and former CEO, Changpeng “CZ” Zhao.
RM 2.1 Million Lost: How a Company Director Fell for a Crypto Scam
A 77-year-old company director lost RM2.1 million after becoming a victim of a fraudulent investment scheme on cryptocurrency exchange platform. The incident occurred after he came across an advertisement on Facebook promoting a cryptocurrency investment opportunity in August.
Crypto Scammers Are Everywhere —Here’s How to Stay Safe
With Bitcoin trading at around $100,000 and other cryptocurrencies experiencing significant gains, scammers are exploiting the surge in interest to deceive unsuspecting investors. Fraudulent schemes are becoming more sophisticated, luring victims into fake investment opportunities.
CLS Global Admits to Crypto Fraud
CLS Global, a cryptocurrency financial services firm based in the United Arab Emirates, pleaded guilty to fraud-related charges.
Philippine SEC Urges Caution Regarding Ecomamoni
The SEC warns against Ecomamoni’s unauthorized investment schemes, citing false claims, Ponzi-like features, and high public risks.
Archax Secures FCA Approval to Oversee Crypto Promotions in the UK
The UK Financial Conduct Authority (FCA) has granted Archax the authority to approve financial promotions for unauthorised cryptocurrency firms.
$TRUMP Token Soars: A New Era for Trump and Cryptocurrency?
Donald Trump has taken an unexpected step into the cryptocurrency market ahead of his January 20 inauguration by launching a memecoin named $TRUMP. The announcement sparked significant speculation and trading activity, with the coin’s value skyrocketing within hours of its debut.
Crypto.com’s Dual Front Battle: European Progress and U.S. Regulation
Crypto.com has received conditional approval to operate under the European Union’s Markets in Crypto-Assets (MiCA) framework. Once fully licensed, this will enable the company to serve customers throughout the EU under a standardised set of rules.
Boerse Stuttgart Digital Secures EU-Wide MiCAR Crypto License
Boerse Stuttgart Digital secures Germany’s first MiCA license, enabling EU-wide operations and expanding its digital asset services.
Binance’s Bold Move: 12 Trading Pairs Are Getting Delisted
Binance, one of the world’s largest cryptocurrency exchanges, will remove 12 spot trading pairs from its platform on January 17, 2025, at 03:00 (UTC).
Cryptocurrency Scam Wipes Out Retiree's Savings of RM9.5 Million
A 63-year-old retired engineer from Johor has lost RM9.5 million in a cryptocurrency scam. He was misled by an online advertisement that promised high returns on Bitcoin investments in July 2024.
Forex Brokers vs. Crypto Exchanges: Which Is Safer for Traders?
The world of trading offers two major platforms: forex brokers and cryptocurrency exchanges. Both provide opportunities, but they also come with risks. Traders often wonder which is the safer option. While some lean towards traditional forex brokers, others trust the decentralised nature of crypto exchanges. Let us know if you are #TeamForex or #TeamCrypto!
Cryptocurrencies: A Financial Revolution or a Double-Edged Sword?
The rise of cryptocurrencies and blockchain technology has been compared to transformative milestones such as the creation of money and the advent of the internet. These innovations are reshaping the way assets are valued and traded, pushing the boundaries of traditional finance. However, as with any disruptive technology, the journey is fraught with complexities that demand careful consideration.
Finquest-3091096682
Finquest provides growth-oriented investment solutions. Finquest is a group of companies comprising Finguest Finance, Reid & Taylor, Finguest Securities, and Digjam. Finguest Finance: Providing financing & loan services, consulting services, and bad asset disposal, customers can borrow for business, working capital, and personal. Tel: 91-22-40002600; Fax: 91-22-40002605; Email: info@finquestonline.com. Finguest Securities: Access to stock and commodity brokerage, contact it at +(91) 22-4000 2600 or email at grievances@finquestonline.com.
Bitcoin in 2025: The Opportunities and Challenges Ahead
Bitcoin experienced a transformative year in 2024, with its value surpassing $100,000 and attracting attention from institutional investors, retail traders, and governments alike. This growth was driven by milestones such as the approval of spot bitcoin ETFs and increasing adoption by major financial institutions. As 2025 begins, bitcoin’s position as a cornerstone of the digital financial ecosystem is stronger than ever.
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