merfilcy pfp

merfilcy

@merfilcy

199 Following
46 Followers
merfilcy pfp
merfilcy
@merfilcy
Olumide Osunkoya illegally operated a network of crypto ATMs, which he did without the needed regulatory permission, the Financial Conduct Authority (FCA) said in a Feb. 28 statement.
0 reply
0 recast
0 reaction
merfilcy pfp
merfilcy
@merfilcy
An illegal crypto ATM operator has been sentenced to four years in prison in the UK’s first criminal case involving unregistered cryptocurrency activity.
0 reply
0 recast
0 reaction
merfilcy pfp
merfilcy
@merfilcy
Anthony Pompliano, the founder and CEO of Professional Capital Management, shared the sentiment, saying it was “objectively hilarious” that Trump announced a crypto strategic reserve, yet Wall Street can’t participate “because they have antiquated hours of operations.”
0 reply
0 recast
0 reaction
merfilcy pfp
merfilcy
@merfilcy
“For the first time, retail investors win,” he exclaimed as crypto markets soared 12% in reaction to the announcement. “Traditional finance better catch up, or it will quickly become extinct,” he added.
0 reply
0 recast
0 reaction
merfilcy pfp
merfilcy
@merfilcy
Meanwhile, President Trump’s son, Eric Trump, said he loved “the genius” of announcing a strategic reserve on a Sunday, when traditional markets are closed and Wall Street sleeps.
0 reply
0 recast
0 reaction
merfilcy pfp
merfilcy
@merfilcy
While the CEO received a formal reprimand, the company’s compliance officer became the first compliance officer at a South Korean crypto exchange to be dismissed by regulators.
0 reply
0 recast
0 reaction
merfilcy pfp
merfilcy
@merfilcy
The CBI reaffirmed its commitment to continue conducting a thorough investigation until all perpetrators of the “massive cryptocurrency fraud” are brought to justice.
0 reply
0 recast
0 reaction
merfilcy pfp
merfilcy
@merfilcy
The Libra token briefly rose to a peak market capitalization of $4.56 billion at 10:30 pm UTC on Feb. 14 before falling over 94% to a $257 million market cap in just 11 hours after the token debuted for trading on decentralized exchanges, Dexscreener data shows.
0 reply
0 recast
0 reaction
merfilcy pfp
merfilcy
@merfilcy
https://warpcast.com/andyron8an/0x8916b3a1
0 reply
0 recast
0 reaction
merfilcy pfp
merfilcy
@merfilcy
The California Public Employees’ Retirement System is also heavy on Strategy stock, with 264,713 shares worth around $76 million, and it also has $79 million worth of Coinbase stock. The state retirement fund holds around $149 billion in investments.
0 reply
0 recast
0 reaction
merfilcy pfp
merfilcy
@merfilcy
California’s State Teachers Retirement System fund, which totals $69 billion in various stocks, also holds Coinbase (COIN), with 306,215 shares worth $76 million at the time of filing.
0 reply
1 recast
0 reaction
merfilcy pfp
merfilcy
@merfilcy
California’s teacher retirement fund has the largest holdings in Michael Saylor’s business intelligence software firm, with 285,785 shares worth around $83 million at the time of the Form 13F filing with the US Securities and Exchange Commission on Feb. 14.
0 reply
1 recast
0 reaction
merfilcy pfp
merfilcy
@merfilcy
DOGE is already on the firing line as it was hit with lawsuits from consumer advocate group Public Citizen and other nonprofit groups minutes after Trump took office.
0 reply
0 recast
0 reaction
merfilcy pfp
merfilcy
@merfilcy
The move was driven in part by Ramaswamy’s criticism of American culture. In December, he made a post on X stating that tech companies hire foreign workers partly because of a mindset that has “venerated mediocrity over excellence.”
0 reply
0 recast
0 reaction
merfilcy pfp
merfilcy
@merfilcy
In addition to promising unrealistic returns, the company falsely claimed that owning QFS would allow individuals and businesses to access a financial ecosystem with benefits like funding without collateral or interest.
0 reply
1 recast
20 reactions
merfilcy pfp
merfilcy
@merfilcy
Million Smiles promoted an in-house cryptocurrency, QFS, or Quantum Financial System, using deceptive advertising that linked it to ancestral treasures and spiritual claims.
0 reply
1 recast
19 reactions
merfilcy pfp
merfilcy
@merfilcy
Hanoi police apprehended individuals connected to Million Smiles, a company that orchestrated an illegal and fraudulent crypto investment scheme targeting Vietnamese citizens, according to VTV, the national television broadcaster of Vietnam.
0 reply
1 recast
17 reactions
merfilcy pfp
merfilcy
@merfilcy
The Hanoi City Police Department in Vietnam prevented 300 potential victims from investing in an elaborate crypto scam that had already defrauded 30 billion Vietnamese dong ($1.17 million) from about 100 businesses and 400 individuals.
0 reply
2 recasts
16 reactions
merfilcy pfp
merfilcy
@merfilcy
Companies that take a UK-first approach to their products benefit from an established and robust legal framework internationally recognized by other jurisdictions, setting out their requirements for regulating crypto asset businesses. Businesses and investors would do well to consider these all-too-often overlooked regulatory advantages that being based in the UK offers when planning for the future.
0 reply
1 recast
16 reactions
merfilcy pfp
merfilcy
@merfilcy
It is worth noting, in this respect, that the outcome of the European Securities and Markets Authority’s guidance on reverse solicitation provided under MiCA, while phrased differently, leads to a similar outcome as the UK financial promotion rules. We have also found through advising various regulators globally that they are always interested in seeing what the UK regulatory position is, and indeed, we have seen collaboration among regulators to set common minimum global standards.
0 reply
1 recast
15 reactions