No surprises today as the US Federal Reserve announces the second consecutive rate cut of 25 basis points. The US Federal Reserve has moved to cut interest rates by a quarter of a percentage point (or 25 basis points) today in a bid to steady an apparently weakening labor market. The cut is a second […]
US Federal Reserve Cuts Rates by 25 Basis Points, Bitcoin Price Reacts Read More »
EminiFX, a cryptocurrency investment platform that once claimed to revolutionize automated trading, has been officially declared a Ponzi scheme by a New York federal court. Its founder, Eddy Alexandre, is now facing more than $228 million in restitution payments, in addition to $15 million in disgorgement, following a judgment secured by the US Commodity Futures
Federal Judge Declares EminiFX a Ponzi Scheme, Orders $228M in Restitution Read More »
Last updated: May 6, 2024 08:47 EDT | 2 min read The Australian Federal Court has delivered a ruling mostly in favor of Australia’s markets regulator in its case against BPS Financial Pty Ltd (BPS) over its Qoin scheme. On Friday, Judge J Downes concluded that the Australian Securities and Investments Commission (ASIC) succeeded in its Unlicensed
A federal police officer is currently undergoing legal proceedings in the Melbourne Magistrates’ Court, facing allegations of pocketing confiscated cryptocurrency from an online drug trafficking syndicate. The committal hearing, presided over by Magistrate Malcolm Thomas, is ongoing, with the defendant’s lawyer saying the case was “circumstantial” and they would dispute the accusations. Drug Trafficking Raid
Federal Officer Faces Charges for Allegedly Stealing Crypto Associated With Drug Fortune Read More »
