Investment Education

According to Foresight News, US Federal Judge Robert Shelby has ruled that the US Securities and Exchange Commission (SEC) must pay legal fees for Utah-based crypto company DEBT Box, accusing the SEC of 'serious abuse of power' during the process of obtaining a temporary restraining order. The SEC had previously sued the crypto project last year, alleging fraudulent activities and obtaining a temporary asset freeze and restraining order against the company. According to the SEC, DEBT Box told customers it was selling licenses to mine cryptocurrencies, but in reality, it was only creating tokens using code. DEBT Box applied to lift the temporary restraining order, claiming that the SEC had misled the court regarding the company's transfer of funds and closure of bank accounts.

According to Foresight News, US prediction market platform Kalshi will launch five new event contracts for customers on Monday, allowing users to bet on various market price trends of Bitcoin and Ethereum using US dollars. Among the five new event contracts on Kalshi, one is a market event contract predicting the future value of Bitcoin, where users can bet on five price targets for this year: $75,000, $80,000, $90,000, $100,000, and $150,000 or higher. The other event contracts include the predicted price of Ethereum at 4 pm every day.

According to Cointelegraph: David Brend and Gustavo Rodriguez, former promoters of the alleged crypto firm IcomTech, have been found guilty of wire fraud conspiracy by a New York jury. The conviction could have them facing a maximum sentence of 20 years in prison for their role in what has been revealed as a Ponzi scheme. Source: U.S. Attorney SDNY on X The trial, which lasted two weeks, ended on March 14 when the jury at a New York District Court delivered a guilty verdict against Brend and Rodriguez. Each has been charged with one count of conspiracy to commit wire fraud. A press release from the U.S. Attorney's Office for the Southern District of New York, issued on March 15, stated that IcomTech founder David Carmona hired Rodriguez in mid-2018 to develop a website for promoting IcomTech, a newly launched firm presenting itself as a crypto mining and trading entity. Brend, Carmona and others enticed IcomTech's investors claiming the company's guaranteed daily returns through their supposed crypto mining and trading activities. Prosecutors unrevealed this to be a Ponzi scheme, concluding that no significant crypto trading or mining activities occurred, instead, new investor funds were used to pay previous investors. As per the allegations, Rodriguez aided in determining the pricing for so-called "investment packages" and unreal daily returns shown to investors via the site and his administered portal. Meanwhile, Brend and other promoters pocketed substantial amounts of victim funds, often amounting to hundreds of thousands of dollars. The seized money was misused for extravagant ventures, including real estate purchases, travel, organizing opulent expos, and community presentations, during which luxury vehicles and lavish attire were used in attempts to attract further investments. Sentences for Brend and Rodriguez are scheduled for June 27 and June 28, respectively. IcomTech's former CEO Marco Ochoa received a five-year sentence in January after pleading guilty to conspiracy to commit wire fraud. Similarly, founder Carmona, admitted his guilt regarding wire fraud conspiracy in December.

Welcome to the Artificial Intelligence Outlook for Forex trading. https://www.youtube.com/watch?v=DUSiaS00DD4 VIDEO TRANSCRIPT Okay, hello everyone, and welcome back. My name is Greg Firman, and this is the Vantage Point AI ...

In recent financial developments, Goldman Sachs has expressed its expectations for the Bank of Japan (BOJ) to withdraw its negative interest rates by March. This projection is encouraged by factors like higher wage negotiations results and related reportage believed to catalyze this change. Goldman Sachs' stance from just five days prior suggested some skepticism about the BOJ's communication clarity during this critical phase, hinting at a possible delay in hiking the interest rates. However, their updated forecast signals a more optimistic outlook regarding the BOJ's strategic adjustments.

According to PANews, the Dubai International Financial Centre (DIFC) has announced the implementation of a new digital asset law, aimed at keeping DIFC in sync with technological advancements and providing legal clarity for digital asset investors and users. The law, which came into effect on March 8th, intends to comprehensively regulate the legal characteristics of digital assets as property law and stipulate how to control, transfer, and handle digital assets. DIFC is a tax-free special economic zone in Dubai with an independent legal system and courts based on British common law. The enactment of this law follows a review of regulatory approaches in various regions worldwide and a public consultation conducted last year.

According to CryptoPotato, Ripple's legal battle with the United States Securities and Exchange Commission (SEC) over XRP's classification is set for trial on April 23. The lawsuit's outcome could significantly affect XRP's value, but a final decision might be delayed until 2026 due to potential appeals. Ripple and the SEC have been confronting each other since December 2020 when the regulator accused the firm of illegally raising more than $1.3 billion in an unregistered securities offering by selling XRP. Ripple argues that its native token is a currency rather than a security and thus does not fall under the SEC's jurisdiction. The lawsuit will be resolved at a grand trial scheduled for April 23, with Ripple currently having the upper hand after securing three partial court wins in 2023. Prior to that, there are certain court rules that the parties should comply with. American attorney James Filan posted the schedule for remedies briefing, according to which the SEC's opening brief is due on March 22. Ripple's opposition brief is due on April 22, while the SEC's reply brief should be presented by May 6, Filan added. The lawsuit's outcome is touted as a major factor fueling a rally for XRP in case of a decisive victory for Ripple. However, the start of the trial does not necessarily mean that a resolution will be witnessed this year. ChatGPT estimated that the final judgment might occur in the summer of 2024, but potential appeals from both sides could delay the outcome until 2026.

"Before starting long-term investing, what should I buy?" This is a question I have often received from many students.

Welcome to the Artificial Intelligence Outlook for Forex trading. https://www.youtube.com/watch?v=Pl0xyZZ6NQo VIDEO TRANSCRIPT Okay. Hello everyone, and welcome back. My name is Greg Firman, and this is the Vantage Point AI ...

Throughout the educational journey of the vast majority, there exists a glaring deficiency in the realm of monetary education. The conventional curriculum pervading our universities is deeply entrenched in the ...