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The U.S. Commodity Futures Trading Commission (CFTC) has ordered a “decentralized” prediction market platform to shut down non-compliant markets and pay a fine of $1.4 million. “Polymarket had been operating an illegal unregistered or non-designated facility for event-based binary options online trading contracts, known as ‘event markets,’” said the derivatives regulator. CFTC Takes First Crypto […]Powered by WPeMatico
Binary options and sports betting will soon be launched on the Synthetix-based Thales platform.
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A Serbian national has been extradited to the United States to face charges of defrauding investors out of more than $70 million through a cryptocurrency mining and binary options scam. Antonije Stojilkovic, 32, and six accomplices, who were all arrested between July and October 2020, faces up to 20 years in federal prison if convicted. […]Powered by WPeMatico
PRESS RELEASE. Exchase (Exchase OÜ) announced that it plans to build an all-in-one fintech solution that will bring the most popular fintech services and technologies under one umbrella. The Estonian based fintech company has been operating a cryptocurrency exchange, but now seeks to bring on board margin trading, token listing, crypto games, money transfer, binary […]
The post Meet Exchase.io: All-in-One Fintech Service Provider Announces Token Sale appeared first on Bitcoin News.
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The Texas State Securities Board (TSSB) has announced a series of enforcement actions against 15 online investment entities that illegally market cryptocurrency, binary options, and forex investments in Texas. Fake Social Media Accounts The regulator alleges that operators of the companies are using their social media skills as well as the internet to mask the […]
The post Texas State Securities Board Flags 15 Investment Entities Including One Unregistered Crypto Trader appeared first on Bitcoin News.
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There has never been a shortage of cryptocurrency scams, nor will there be in the future. Two companies involved in a recent binary options scam have now been fined by the CFTC. When looking at crypto trading platforms, it is pertinent to separate the real ones from the fake. CFTC Hammers Down on Crypto Scams Dozens of legitimate trading platforms exist, and everything else can be ignored for the most part. Even so, a lot of people tend to get duped by fake trading platforms these days. Two crypto trading platforms running a scam were recently charged by the CFTC.
The post The CFTC Cracks Down on Firms Facilitating a $15 Million Crypto Scam appeared first on The Merkle News.
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U.S. and Israel-based firms were charged for promoting fake investment schemes and defrauding customers of $15 million.
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Police forces in Belgium, France and Israel have reportedly put a stop to an international scam promising high returns of up to 35% on crypto investments. A big French private company and a French local authority are said to be among the 85 victims of this network. In total, 10 suspects related to the case […]
The post Police Forces in Belgium, France and Israel Stop Scam Promising 35% Returns on Crypto Investments appeared first on Bitcoin News.
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Those new to crypto and with money signs in their eyes can easily be taken in by scams, and there are many, thanks to the decentralized nature of bitcoin and the lack of knowledge surrounding it for beginners. Promises of easy and incredible gains thanks to the guidance of some shadowy “bitcoin expert” or auto […]
The post Don’t Invest in Bitcoin Code, Bitcoin Doubler or Bitcoin Trader – They Are All Scams appeared first on Bitcoin News.
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A Las Vegas man is charged with raising at least $11 million from cryptocurrency investors he promised to trade binary options for, and make gains of up to 300%. According to the charges the money was sent from new clients to previous ones in a classic Ponzi scheme manner. Also Read: Binance to Add Bitcoin […]
The post Alleged Las Vegas Scammer Charged for $11 Million Crypto Binary Options Ponzi appeared first on Bitcoin News.
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