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Action Fraud registers £2m worth of losses due to cryptocurrency fraud in June and July

FinanceFeeds – UK residents continue to experience the negative effects of cryptocurrency scams. This is reiterated by recent data published by Action Fraud. Typically, fraudsters are cold calling victims and using social media to promote ‘get rich quick’ investments in mining and trading in cryptocurrencies. Fraudsters will convince victims to sign up to cryptocurrency investment websites and to part…

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Australians report more than $6m in losses due to investment scams in July 2018

FinanceFeeds – The latest monthly numbers from Scamwatch, the body operated by the Australian Competition and Consumer Commission (ACCC), are out, once again showing that months like July and August may be slow ones for doing legitimate business but not for scammers who continue to target Australian residents. According to the most recent data, Australians reported losses of more…

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MtGox’s US customers try to find Mark Karpeles

FinanceFeeds – Effecting service on Mark Karpeles, the ex-head of ill-fated Bitcoin exchange MtGox, appears to be a rather cumbersome process. Joseph Lack, who is suing Karpeles and Mizuho over creating transaction difficulties that prevented him and other MtGox’s customers of getting their money back and, hence, causing them damage, has been trying to find Karpeles in order to…

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PlexCorps’ Facebook accounts instrumental in furthering ICO scam – US Court concludes

FinanceFeeds – There has been substantial chatter about Facebook’s policy regarding cryptocurrency advertising. On the face of it, it is all about what the social network and its team decide – if they allow such ads, the people and entities behind them may safely continue to do what they are doing. However, the most recent developments in a cryptocurrency…

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IG Community expands its reach

FinanceFeeds – The team behind IG Community, the forum for traders and those willing to get in touch with online trading major IG Group Holdings plc (LON:IGG) in a more informal environment, has provided an update on the novelties from the past month. Overall, one can safely say that the IG Community is now more open and user friendly….

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CFTC seeks $2.26m in penalties against ApuroFX, Jin Choi, and JCI over Forex fraud

FinanceFeeds – The United States Commodity Futures Trading Commission (CFTC) continues its efforts to put an end to fraudulent online trading schemes. The regulator is seeking a default judgement against Jin Choi, Apuro Holdings, Ltd d/b/a ApuroFX and JCI Holdings USA d/b/a JCI Trading Group, LLC. The relevant documents, filed with the California Central District Court and seen by…

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MultiCharts 12.0 goes live

FinanceFeeds – The creators of MultiCharts have announced the release of MultiCharts 12.0, with the platform growing out of its beta version. In line with previous reports, the platform offers a range of new features, including TPO aka Market Profile, and Matrix Optimization. The latest version of MultiCharts offers a native chart type for the Time Price Opportunity analysis. Profile…

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Worldpay raises revenue guidance range for FY 2018

FinanceFeeds – Payments technology company Worldpay Inc (LON:WPY), which was formed in January this year through Vantiv, Inc.’s acquisition of Worldpay Group plc, has just posted its financial results for the second quarter of 2018, with the company also revising its revenues and earnings outlook for the full year. In its filing with the London Stock Exchange, Worldpay said it…

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CySEC advises firms wishing to relocate to Cyprus after Brexit on deadlines to do so

FinanceFeeds – Shortly after the European Securities and Markets Authority (ESMA) posted a Public Statement stressing that market participants need to prepare for the so-called “hard Brexit”, the Cyprus Securities and Exchange Commission (CySEC) also issued an update on the matter. The CySEC announcement, published today, concerns the timely submission of requests for authorisation by entities wishing to relocate to…

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