Author: Benzinga

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MFDA Hearing Panel issues Decision and Reasons in the matter of Chanrith Yin

MFDA Hearing Panel issues Decision and Reasons in the matter of Chanrith Yin

TORONTO, July 4, 2022 /CNW/ – A Hearing Panel of the Central Regional Council of the Mutual Fund Dealers Association of Canada ("MFDA") has issued its Decision and Reasons dated July 4, 2022 ("Decision and Reasons") in connection with a disciplinary hearing held electronically by videoconference in Toronto, Ontario on May 26, 2022 in the matter of Chanrith Yin...

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MFDA Hearing Panel issues Reasons for Decision in the matter of Alex Eng

MFDA Hearing Panel issues Reasons for Decision in the matter of Alex Eng

TORONTO, July 4, 2022 /CNW/ – A Hearing Panel of the Central Regional Council of the Mutual Fund Dealers Association of Canada (the "MFDA") has issued its Reasons for Decision dated June 29, 2022 ("Reasons for Decision"), in connection with a settlement hearing held electronically by videoconference in Toronto, Ontario on April 26, 2022, in the matter...

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Hackers Attack British Army's Twitter, YouTube And Facebook Accounts

Hackers Attack British Army's Twitter, YouTube And Facebook Accounts

Crypto scammers briefly hacked the official Twitter, YouTube and Facebook accounts of the British army to promote certain non-fungible token (NFT) collections and phishing scams. The press office of the Ministry of Defence confirmd Monday that it was aware of the breach and that an investigation was underway: "The Army takes information security extremely seriously...

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Crebaco CEO: 'More Pain To Come' As Trading Volumes In India Take A Hit

Crebaco CEO: 'More Pain To Come' As Trading Volumes In India Take A Hit

Trading volumes on major exchanges have taken a massive hit this week. On July 3, trading volumes on WazirX were down about 83%, compared to June 30 Volumes on CoinDCX, ZebPay and Bitbns were down 70%, 76%, and over 18% respectively, according to research services provider Crebaco. On Monday, crypto trading and lending platform Vauld...

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Vauld Halts Crypto Withdrawals, Citing Market Conditions

Vauld Halts Crypto Withdrawals, Citing Market Conditions

Crypto trading and lending platform Vauld on Monday announced it is suspending withdrawals, trading and deposits on its platform due to the financial challenges it is facing on account of volatile market conditions and financial difficulties of its business partners. The Singapore-based firm, which has most of its employees in India, said couple of weeks back asserted...

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Is It Time To Bet On This Old Energy Company?

Is It Time To Bet On This Old Energy Company?

On CNBC's "Options Action," Michael Khouw of Optimize Advisors said that Phillips 66 (NYSE: PSX) is “trading at 14 times its average EPS over the last 10 years and is actually trading at less than 10 times its forward EPS estimates right now.” He suggested using a diagonal call … Full story available on Benzinga.com

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Meta's Novi Cryptocurrency Wallet Is Shutting Down: What You Need To Know

Meta's Novi Cryptocurrency Wallet Is Shutting Down: What You Need To Know

Meta Platforms (NASDAQ: META) owned Novi digital wallet will be shut down by September. The company announced that the final day to add funds would be July 20.  According to Bloomberg, Meta asked Novi users to withdraw their balance as soon as possible. The company said it would “attempt to transfer” any remaining money to...

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Here's Why Cathie Wood Believes Crypto Will Come Back Stronger: 'There's A Lot More Trust'

Here's Why Cathie Wood Believes Crypto Will Come Back Stronger: 'There's A Lot More Trust'

ARK Investment Management, founder and crypto believer, Cathie Wood, says that she remains quite optimistic about the crypto world.  During the latest "In the Know" podcast, Wood talked about the volatility in the crypto market and the future of the industry. Wood said, "You'll see our Bitcoin (CRYPTO: BTC) monthly; I would say we're neutral to positive. We're waiting...

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Celsius Lays Off 150 Employees As Crypto Mayhem Continues To Haunt The Firm

Celsius Lays Off 150 Employees As Crypto Mayhem Continues To Haunt The Firm

Cryptocurrency lender Celsius has laid off 150 employees, including some working in Israel and the U.S., reports Calcalist.   The workforce reduction comes as the company is exploring options like pursuing strategic transactions and restructuring its liabilities.  Recently, Sam Bankman-Fried-led FTX rejected a deal to acquire the lender after examining its balance sheet. Celsius suspended withdrawals from...