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Finance Magnates, showing solid growth in the demand for its services. In the first 11 months of this year, the total trading volume on the platform came in at $6,110.8 billion, setting a record for itself. The company pointed out the increasing demand in the trading market during the market volatility induced by the economic lockdown to curb Coronavirus and gained heavily from that. Indeed, the trading volume on Exness hit $785 billion in March, setting a monthly record. “[Exness] was able to capitalize on the volatile market situation and saw its highest-ever trading volumes,” the compa...

Court Fines Mark Pyatt $255K for Operating FX Fraud Scheme Court Fines Mark Pyatt $255K for Operating FX Fraud Scheme Pyatt, who also used the alias Daniel G. Randolph, was sentenced to 37 months in prison for the Ponzi-like scheme. Aziz Abdel-Qader 2020-12-22T21:56:20+00:00 2020-12-23T08:47:51+00:00 Photo: Kentucky State Supreme Court, Pixabay Share this article A North Carolina judge has granted the CFTC’s motion for a default judgment against a Haywood County resident, who operated a Ponzi-like scheme that conned victims out of thousands of dollars. According to court documents, Winston...

Huobi Technology, a Hong Kong-based company acquired by Huobi Group, announced today that its wholly-owned subsidiary Huobi Trust Company has gained a license from the Financial Institutions Division of the Department of Business and Industry in Nevada, US. The official filing available on the website of the Hong Kong Stock Exchange shows that the new license will enable Huobi to offer cryptocurrency services in the US under a regulated environment. The company is expected to launch its custodial services in 2021. Huobi exited the US market last year after abruptly ceasing operations in Decem...