US SEC Charges 17 Individuals Involved in a $300 Million Ponzi Scheme
The US securities watchdog, the Securities and Exchange Commission (SEC) recently charged 17 individuals suspected of having ties to a CryptoFX Ponzi scheme. The scheme,…
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JPMorgan Chase to pay a $348 million fine for inadequate monitoring of trading activities
The US Federal Reserve and the Office of the Comptroller of the Currency (OCC) recently fined JPMorgan Chase, an American multinational financial institution based in…
Montenegro court decides that Do Kwon will be extradited to South Korea instead of the US
The High Court in Podgorica, Montenegro, announced a new ruling this Thursday, March 7, which said that Terraform Labs’ co-founder Do Kwon will be extradited…
Financial Commission Welcomes Fusion Markets As Its Newest Member
The Financial Commission — a self-regulatory organization that offers external dispute resolution (EDR) services, recently accepted a new member — Fusion Markets. The addition of…
Western Union signs a seven-year deal with Visa
Visa and Western Union, two global payment giants, recently signed a new seven-year deal that will allow their customers to send funds to eligible cards…
Nationwide will acquire Virgin Money in a £2.9b deal
Nationwide, a Fortune 100 company that offers a full range of insurance and financial services, recently struck a deal to buy Virgin Money. The acquisition…
A new study shows that FX/CFD firms in Europe worry about growing regulatory restrictions
Management intelligence platform Acuiti recently released the results of a study titled “Retail Revolution: How retail brokers are planning to counter CFD restrictions.” The study…
Banking-as-a-Service platform Synctera concludes Series A with $18.6 million raised
Synctera, a Banking-as-a-Service (BaaS) platform recently raised $18.6 million in a Series A extension that saw participation of multiple well-known VCs. The extension of the…