Crypto News 

FCA Warns Public About Clone Firm Offering Crypto Investment

“The British Financial Conduct Authority (FCA) has warned the public about First BTC FX, a supposed clone firm offering fraudulent crypto investments” writes Helen Partz for cointelegraph.com. In its crypto trading section, First BTC FX describes an investment scheme, stating that a minimum investment amount of $100 can “gain the effect” of $3,000.On May 25, the FCA blacklisted an entity known as ICAP Crypto after previously issuing a similar warning against illegal crypto-related firm Next Coin Market.First BTC FX also claims to represent a trade name of First Global on…

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Crypto News 

Hodl Hodl Wants You to Clone Its P2P Bitcoin Exchange

“Hodl Hodl plans to make its software freely available so anyone can launch their own version of the peer-to-peer bitcoin exchange” reports coindesk.com. Hodl Hodl’s founders believe they don’t have to identify customers because the exchange never takes custody of users’ funds.Aside from bitcoin-to-fiat trades, Hodl Hodl’s multi-sig escrow is used in a peer-to-peer predictions market when people bet on things like the price of bitcoin or publicly traded stock, sports results and other measurable outcomes. Source: coindesk.com

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News 

Instagram Is Now Working On Yet Another Snapchat Clone

“That’s according to The Verge, which reports that Instagram has been testing “Threads,” a new, separate app based around Instagram users’ “close friends” lists” writes Karissa Bell for mashable.com. But by incorporating Instagram Stories and users’ “close friends,” the company is at least showing that it’s willing to put the all the muscle of Instagram into trying.An app for “close friends” would also be a direct challenge to Snapchat, which has long marketed itself as an app for “real friends.”. Stop me if you’ve heard this one before: Facebook is…

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News 

Instagram is working on yet another Snapchat clone

“That’s according to The Verge, which reports that Instagram has been testing “Threads,” a new, separate app based around Instagram users’ “close friends” lists” writes Karissa Bell for mashable.com. But by incorporating Instagram Stories and users’ “close friends,” the company is at least showing that it’s willing to put the all the muscle of Instagram into trying.An app for “close friends” would also be a direct challenge to Snapchat, which has long marketed itself as an app for “real friends.”. Stop me if you’ve heard this one before: Facebook is…

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Brokers Crypto News 

FCA Blacklists Crypto Clone Firm and Unauthorised FX Broker

“According to the warnings, Cryptobourse is a clone firm of an FCA-regulated Crypto Facilities Limited and Meta Investing is operating without a licence” reports financemagnates.com. According to the warning, Meta Investing has three London addresses, with its trading office based at Complex Ajeltake Island, Majuro, MH96960, Marshall Islands. Source: financemagnates.com

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Crypto News 

New Zealand’s FMA Warns Against FX Scam and Crypto Clone Firm

“According to the warnings, Russ Horn (Forex Equinox), Zend Trade and Cryptogain all have the characteristics of a scam” reports financemagnates.com. Well, the New Zealand financial regulator definitely believes it is, stating that Russ Horn and Forex Equinox have the characteristics of a scam.It is also connected to Forex Equinox, which is Russ Horn’s trading system dubbed the Equinox Automatic Dashboard. Source: financemagnates.com

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News 

City Watchdog Warns of Fake Clone Pretending to be ADSS

“Finance Magnates found that the associate website for the clone firm has been suspended” reports financemagnates.com. Last month, we reported on ADSS after the company brought in financial industry veteran Lesley Kumar to its board.The watchdog has also advised investors to ensure that they only deal with financial firms that are authorised by checking the Financial Services Register.This latest case is one of many clones that have attempted to scam individuals through the deployment of illicit means and misleading information. Source: financemagnates.com

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Brokers News 

FCA Flags Two Clone Firms and Three Unauthorised Brokers

“The first warning is against Orbit Investment Services, which is a clone of an FCA authorised firm Orbit Investment Securities Services Plc” reports financemagnates.com. The Financial Conduct Authority (FCA) has posted a series of warnings on its website which blacklists five unauthorised firms, including two clone firms – Orbit Investment Services and Loan Skipper.Loan Skipper has also been flagged by the FCA as a clone firm, pretending to be associated with Season Marketing. Source: financemagnates.com

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Brokers News 

FCA Blacklists Clone Firm & Unauthorised Broker 365 Binary Option

“Fraudsters from the clone firm are claiming to work for the legitimate firm Capital Finance Group Ltd” reports financemagnates.com. It has also warned against Capital Finance Group Limited, a clone of FCA Appointed Representative Introducer firm.The British regulator has flagged 365 Binary Option as an unauthorised broker. Source: financemagnates.com

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News 

NKorean scientists attempting to clone humans for army…

“A senior intelligence official told the Daily Star Sunday that North Korean scientists have been conducting genetic experiments on humans for years” writes Patrick Williams for dailystar.co.uk. Genetic scientists have spent billions on a secret cloning programme started by Kim’s grandfather more than 30 years ago.He believes he can live forever by making clones of himself. “Human cloning is very advanced on the Korean peninsular. Source: dailystar.co.uk

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