-
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ETH 3,124.88 (+1.49%) -
SOL 179.88 (+6.77%) -
PEPE <0.01 (+4.51%) -
WIF 2.70 (+8.63%) -
XRP 0.52 (+0.84%) -
RUNE 6.97 (+3.98%) -
DOGE 0.15 (+1.37%) -
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NEAR 8.10 (+3.44%) -
BONK <0.01 (-3.75%) -
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BOME 0.01 (+4.24%) -
PYTH 0.44 (+15.20%) -
RNDR 10.61 (+2.75%) -
ENA 0.73 (+2.23%) -
UNFI 5.15 (+29.81%) -
CREAM 74.53 (-12.83%) -
PENDLE 5.58 (+17.91%) -
AVAX 36.80 (+2.45%) -
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WLD 4.81 (+0.50%) -
SUI 1.11 (+7.73%) -
PEOPLE 0.04 (-6.01%) -
AR 48.59 (+3.90%) -
ORDI 39.96 (-2.06%) -
JTO 4.35 (-0.78%)
CFTC fines Mirror Trading 17B for Bitcoin related forex fraud
Published: 2023-09-08
1. CFTC fines MTI $1.7B for Bitcoin-related forex fraud Topic: Forex fraud and bitcoin-related scams The article focuses on the recent case of MTI (Mirror Trading International) being fined by the CFTC (Commodity Futures Trading Commission) for engaging in forex fraud with bitcoin-related investments. The CFTC has imposed a hefty fine of $1.7 billion on MTI,highlighting the severity of the scam. The fraudulent scheme involved false claims of consistently profitable trading,misappropriation of investor funds,and a pyramid-like structure to attract new participants. As a result,many unsuspecting investors experienced significant financial losses. It is important to note that forex fraud and scams targeting bitcoin and cryptocurrency investments are a growing concern within the financial industry. Regulators are taking a stricter stance against fraudulent companies to protect investors and maintain the integrity of the market.
2. Lack of regulatory oversight in the forex and cryptocurrency industry Topic: Inadequate regulatory measures and oversight The article also touches upon the issue of inadequate regulatory oversight in the forex and cryptocurrency industry,which allows fraudulent schemes like MTI to operate and deceive investors. It highlights the challenges faced by regulators in keeping up with the rapid growth and innovation in these sectors. The absence of comprehensive regulatory frameworks and standardized guidelines for forex and cryptocurrency investments leaves investors vulnerable to scams and fraud. This case emphasizes the need for stricter regulations and better cooperation between regulators globally to combat fraudulent activities in the industry.
3. Implications for investor protection and market confidence Topic: Impact on investor trust and market confidence The CFTC's action against MTI sends a strong message regarding the consequences of engaging in fraudulent activities in the forex and cryptocurrency markets. This case highlights the importance of investor protection and the need for increased market confidence. Investors may become more cautious and skeptical when considering investment opportunities in these sectors due to such scams. The industry must take proactive measures to regain trust and ensure the integrity of the market by implementing stronger regulations and enhancing transparency. Overall,the article sheds light on the prevalence of forex fraud and bitcoin-related scams,the lack of regulatory oversight,and the implications for investor protection and market confidence. These issues raise concerns about the overall trustworthiness and stability of the forex and cryptocurrency markets.
Reference: cointelegraph.com
The most traded coin
(Update every 1 hour)
| at | from | is ($US) | turnover ($) |
|---|---|---|---|
| 1 | BTC |
67,672.76 | 1,600,771,247.54 |
| 2 | ARS |
1,109.80 | 996,731,485.80 |
| 3 | ETH |
3,124.88 | 758,760,261.82 |
| 4 | SOL |
179.88 | 657,773,563.94 |
| 5 | PEPE |
<0.01 | 178,226,663.81 |
| 6 | WIF |
2.70 | 170,334,197.74 |
| 7 | XRP |
0.52 | 123,030,492.92 |
| 8 | RUNE |
6.97 | 121,875,243.96 |
| 9 | DOGE |
0.15 | 100,779,556.87 |
| 10 | LINK |
16.48 | 84,791,780.92 |
| 11 | NEAR |
8.10 | 82,598,078.28 |
| 12 | BONK |
<0.01 | 79,031,472.03 |
| 13 | FTM |
0.95 | 78,520,812.28 |
| 14 | BOME |
0.01 | 73,316,634.65 |
| 15 | PYTH |
0.44 | 70,857,100.59 |
| 16 | RNDR |
10.61 | 67,902,981.02 |
| 17 | ENA |
0.73 | 57,087,750.88 |
| 18 | UNFI |
5.15 | 51,789,600.98 |
| 19 | CREAM |
74.53 | 49,581,555.25 |
| 20 | PENDLE |
5.58 | 49,234,829.55 |
| 21 | AVAX |
36.80 | 48,155,776.77 |
| 22 | FLOKI |
<0.01 | 46,145,144.22 |
| 23 | WLD |
4.81 | 42,810,935.01 |
| 24 | SUI |
1.11 | 42,712,387.42 |
| 25 | PEOPLE |
0.04 | 39,672,431.55 |
| 26 | AR |
48.59 | 39,609,722.33 |
| 27 | ORDI |
39.96 | 39,164,001.69 |
| 28 | JTO |
4.35 | 37,955,276.14 |
Coins with rapidly rising prices
(Update every 1 minute)
| at | from | is ($US) | more (%) |
|---|---|---|---|
| 1 | UNFI |
5.15 | +29.81 |
| 2 | PENDLE |
5.58 | +17.91 |
| 3 | PYTH |
0.44 | +15.20 |
| 4 |  VIC |
0.48 | +14.37 |
| 5 | FTM |
0.95 | +11.61 |
| 6 |  RAY |
2.00 | +10.83 |
| 7 |  RSR |
<0.01 | +9.20 |
| 8 |  INJ |
26.79 | +9.17 |
| 9 | WIF |
2.70 | +8.63 |
| 10 |  THETA |
2.34 | +8.44 |
| 11 | SUI |
1.11 | +7.73 |
| 12 | SOL |
179.88 | +6.77 |
| 13 |  GNO |
315.60 | +6.69 |
| 14 |  BEAMX |
0.03 | +6.64 |
| 15 |  GMX |
31.00 | +6.60 |
| 16 |  TRU |
0.13 | +6.01 |
| 17 |  AXL |
1.04 | +5.73 |
| 18 |  IOTA |
0.22 | +5.50 |
| 19 |  ARKM |
2.47 | +5.47 |
| 20 |  LTO |
0.20 | +5.39 |
| 21 |  BNX |
1.15 | +5.11 |
| 22 |  COS |
0.01 | +4.77 |
| 23 |  TFUEL |
0.11 | +4.60 |
| 24 |  BOND |
3.05 | +4.53 |
| 25 | PEPE |
<0.01 | +4.51 |
| 26 |  ORN |
1.40 | +4.40 |
| 27 |  PYR |
4.78 | +4.30 |
| 28 | BOME |
0.01 | +4.24 |
| 29 |  FORTH |
4.05 | +3.99 |
| 30 | RUNE |
6.97 | +3.98 |
The price of coins is falling rapidly.
(Update every 1 minute)
| at | from | is ($US) | reduce (%) |
|---|---|---|---|
| 1 | CREAM |
74.53 | -12.83 |
| 2 |  REZ |
0.10 | -10.36 |
| 3 |  OAX |
0.22 | -9.48 |
| 4 |  FARM |
74.73 | -6.95 |
| 5 |  DEXE |
12.11 | -6.06 |
| 6 | PEOPLE |
0.04 | -6.01 |
| 7 |  KP3R |
75.56 | -5.79 |
| 8 |  ALCX |
23.41 | -5.22 |
| 9 |  POLS |
0.70 | -4.95 |
| 10 |  WAN |
0.23 | -3.82 |
| 11 |  PORTAL |
0.73 | -3.80 |
| 12 |  DIA |
0.46 | -3.75 |
| 13 | BONK |
<0.01 | -3.75 |
| 14 |  LSK |
1.76 | -3.61 |
| 15 |  PHA |
0.20 | -3.37 |
| 16 | LINK |
16.48 | -3.20 |
| 17 |  XEC |
<0.01 | -2.75 |
| 18 |  RARE |
0.12 | -2.68 |
| 19 |  BLZ |
0.28 | -2.57 |
| 20 |  ACE |
4.54 | -2.45 |
| 21 |  TIA |
8.82 | -2.43 |
| 22 |  AKRO |
<0.01 | -2.33 |
| 23 |  ZRX |
0.55 | -2.27 |
| 24 | ORDI |
39.96 | -2.06 |
| 25 |  PDA |
0.07 | -1.99 |
| 26 |  CITY |
3.19 | -1.97 |
| 27 |  MANTA |
1.48 | -1.92 |
| 28 |  SYN |
0.76 | -1.87 |
| 29 |  DCR |
19.73 | -1.84 |
| 30 |  ELF |
0.52 | -1.82 |
Bitcoin's Greed and Fear Index.
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US news that has a significant impact on the market
| at | news | day | date | time |
|---|---|---|---|---|
| 1 | FOMC Member Bostic Speaks | Monday | 20-05-2024 | 12:30 |
| 2 | FOMC Member Bostic Speaks | Monday | 20-05-2024 | 13:45 |
| 3 | FOMC Member Waller Speaks | Monday | 20-05-2024 | 14:00 |
| 4 | FOMC Member Barr Speaks | Monday | 20-05-2024 | 14:00 |
| 5 | FOMC Member Jefferson Speaks | Monday | 20-05-2024 | 15:30 |
| 6 | FOMC Member Mester Speaks | Monday | 20-05-2024 | 19:00 |
| 7 | Treasury Sec Yellen Speaks | Tuesday | 21-05-2024 | 09:00 |
| 8 | FOMC Member Waller Speaks | Tuesday | 21-05-2024 | 14:00 |
| 9 | FOMC Member Barkin Speaks | Tuesday | 21-05-2024 | 14:00 |
| 10 | FOMC Member Williams Speaks | Tuesday | 21-05-2024 | 14:05 |
| 11 | FOMC Member Bostic Speaks | Tuesday | 21-05-2024 | 14:10 |
| 12 | FOMC Member Barr Speaks | Tuesday | 21-05-2024 | 16:45 |
| 13 | FOMC Member Mester Speaks | Wednesday | 22-05-2024 | 00:00 |
| 14 | Existing Home Sales | Wednesday | 22-05-2024 | 15:00 |
| 15 | Crude Oil Inventories | Wednesday | 22-05-2024 | 15:30 |
| 16 | FOMC Meeting Minutes | Wednesday | 22-05-2024 | 19:00 |
| 17 | Unemployment Claims | Thursday | 23-05-2024 | 13:30 |
| 18 | Flash Manufacturing PMI | Thursday | 23-05-2024 | 14:45 |
| 19 | Flash Services PMI | Thursday | 23-05-2024 | 14:45 |
| 20 | New Home Sales | Thursday | 23-05-2024 | 15:00 |
| 21 | Natural Gas Storage | Thursday | 23-05-2024 | 15:30 |
| 22 | FOMC Member Bostic Speaks | Thursday | 23-05-2024 | 20:00 |
| 23 | Core Durable Goods Orders m/m | Friday | 24-05-2024 | 13:30 |
| 24 | Durable Goods Orders m/m | Friday | 24-05-2024 | 13:30 |
| 25 | FOMC Member Waller Speaks | Friday | 24-05-2024 | 14:35 |
| 26 | Revised UoM Consumer Sentiment | Friday | 24-05-2024 | 15:00 |
| 27 | Revised UoM Inflation Expectations | Friday | 24-05-2024 | 15:00 |
