Oasis news

Established in 2018, Denmark. No. of pairs - 3. Decentralized exchange.

World latest news

IFSC Terminates Oasis Global FX’s License

The International Financial Services Commission or IFSC of Belize has officially terminated Oasis Global FX’s license. This revocation had come after almost five months of investigation of Belize’s watchdog when the CFTC charged Oasis Global FX of operating a Ponzi scheme. The IFSC had suspended Oasis from operation two weeks after the allegation. The license was revoked because of the illegal way of operations they promoted. Because of this unlawful activity, the IFSC went out of its way to send a cease and desist to Oasis. Should Oasis rather foolishly ignore this and continue operation like usual, the entire practice will be considered a criminal offense, and all the legal trouble that follows that. The IFSC had released the official statement revoking Oasis’s license on the 8th of October. The License’s official title is as follows: Licence for Trading in Financial and Commodity-based Derivatives Instrument and other Securities. The IFSC has cited more than a few laws that justify their actions. After having given Oasis a chance to defend themselves, they decided that either the case wasn’t good enough, or maybe there was no defense, to begin with. The History of Oasis Within this year, the Commodity Futures Trading Commission (CFTC) charged Oasis Global FX’s owners. This charge was for illegally setting up and running a forex platform within the years of 2011 to 2019. The CFTC stated that Oasis cold-called, calling prospective investors without any provocation, and convinced them to invest within the forex platform. Oasis seemed to have gone the extra mile with this scam, drafting false performance reports where they claimed that their gross annual pool returns were a whopping 21% in 2017. They gave themselves an increase of 22% in 2018. In order to facilitate this fraud, they used the tried-and-true format of the Ponzi scheme to garner funds for investors. They paid out the early investors with the supposed profits, which was just the investment of the newer investors, and toted around an awe-inspiring return rate to pull in more investors. Clearly, they had some form of success. The payout for the early investors accrued to $28 million. In order to pull in new investors, Oasis promised a staggering 12% annual return. These fraudsters were thorough, sad as it is, and they falsified account statements that showed a net positive for the duped clients. In the end, $47 million in funding was misappropriated, and $21 million was lost. Urge for Vigilance Ponzi schemes are a dangerous form of fraud due to the universal fact that people want to earn money. Please be aware that Ponzi schemes operate illegally, and will eventually burst at the seams as demand for funds overcome the inflow. If the return rate sounds suspect, then be suspicious. Regardless of the desire for more money, getting roped into a scam will only make you poorer because of it. If you suspect any business of being an illegal operation, please investigate and/or report the alleged business. The post IFSC Terminates Oasis Global FX’s License appeared first on Cryptovibes.com - Daily Cryptocurrency and FX News.
Cryptovibes

Relaunched Dai based DEX Oasis Trade is now live

Relaunched Dai based DEX Oasis Trade is now live - CryptoNinjas The Maker Foundation, today announced that the “new” Oasis Trade is now live. Oasis Trade is an updated version of eth2dai.com, built on the OasisDEX Protocol. Users are able to trade  BAT, REP,  ETH, and ZRX against DAI. On January 31, the OasisDEX.com and Oasis.Direct front ends were shut down, with the Maker Foundation announcing […] Relaunched Dai based DEX Oasis Trade is now live - CryptoNinjas
CryptoNinjas

Oasis Labs launches API suite to improve the usability DApps

Oasis Labs launches API suite to improve the usability DApps - CryptoNinjas Oasis Labs, a privacy-first cloud computing platform powered by blockchain, has launched the Oasis Gateway, an easy-to-use API suite designed to improve the usability of DApps. It enables developers to build products that can appeal to all users, whether they are experienced with blockchain or not. The developer-gateway is a component of the Oasis infrastructure […] Oasis Labs launches API suite to improve the usability DApps - CryptoNinjas
CryptoNinjas

Foundations Behind Ethereum, Stellar, Tezos, Oasis and NEAR To Back Crypto Hackaton

The foundations and companies behind several blockchain protocols have decided to unite in order to create an event: a crypto hackathon. The protocol managers, which include Ethereum, Tezos, Stellar, NEAR and Oasis, are focused on a hackathon that has the goal of making crypto and blockchain considerably more usable and useful for all kinds of […]
Bitcoin Exchange Guide

IDEO and CoinList announce hackathon with Ethereum, NEAR, Oasis, Stellar, Tezos

IDEO and CoinList announce hackathon with Ethereum, NEAR, Oasis, Stellar, Tezos » CryptoNinjas Earlier this month, IDEO CoLab announced the launch of its new Startup Studio program to help accelerate blockchain entrepreneurs and startups, in partnership with over 20 leading organizations and protocols and 50+ world-class mentors. Today, IDEO has announced a global online hackathon in partnership with CoinList and the foundations and development teams of five leading blockchain protocols: Ethereum, […] IDEO and CoinList announce hackathon with Ethereum, NEAR, Oasis, Stellar, Tezos » CryptoNinjas
CryptoNinjas

CFTC to Attend Court Sessions in Oasis Forex Scam Case after Court Order

The Commodities Futures Trading Commission of the US was recently ordered by a judge to attend the court sessions of the Oasis FX scam case. The US regulator had charged the company with running a Ponzi scheme through their retail forex platform. The court wouldn’t allow telephonic presence to CFTC The US regulator recently sought permission from the Middle District Court of Florida to let its representatives attend the court proceedings via telephone or video conferencing. However, the court rejected the plea, and a judge ordered the CFTC to send its representatives in person. Now, representatives will have to be in Florida for the next hearing of a case against Oasis Global FX, Limited and Oasis Global FX. The CFTC had brought charges against Michael DaCorta, Francisco Duran, Joseph Anile, John Haas and Raymond Montie for setting up and operating a retail foreign exchange platform between 2011 and 2019. The court order explains that “multiple motions will be discussed at the hearing,” and it will be difficult to do so via a telephonic conversation. The court agrees with the conservation of government resources but also maintains that the presence of CFTC representatives is necessary in this case. Oasis FX Ponzi scheme case According to the CFTC, the defendant cold-called their victims and asked them to invest in the forex markets using Oasis FX’s platform. The fraudsters even created forged performance reports which falsely claimed that their forex pools had earned gross annual returns of 21% in 2017 and 22% in 2018. The platform assured a minimum return of 12 percent annually. In reality, the fraudsters were using money from new participants to pay older investors. Workers at Oasis Global FX even sent fraud account statements to the clients and showed them positive returns when there were none. The platform lost $21 million and misappropriated another $47 million, of the total $75 million they received from investors. To cover up their frauds, the defendants paid more than $28 million to early investors and claimed that they had earned a handsome return via forex trading. The post CFTC to Attend Court Sessions in Oasis Forex Scam Case after Court Order appeared first on FXTimes.com - Daily Cryptocurrency and FX News.
Cryptovibes

Belizean Regulator Cracks Down on Oasis Global FX, Suspends Company over Fraud Allegations

The International Financial Services Commission Belize (IFSC) noted on Wednesday that it had suspended the Oasis Global FX’s license. The company is facing fraud allegations. Trouble brews up for Oasis Oasis Global FX was named by the Commodity Futures Trading Commission (CFTC) of the US in a recent fraud case. The company was involved in facilitating a Ponzi scheme in Florida. On April 22, the regulator noted that it would start a civil enforcement action in a federal court against Oasis and a host of other companies and individuals involved in this case. It noted that Oasis and other defendants raised about $75 million from over 700 investors and spent at least $47 million of that amount on a large house, big cars and expensive holidays. The perpetrators also promised investors huge returns from FX investment pools. They cold called users and even showed them false performance reports claiming that they had made gross annual returns of 21 percent in 2017 and 22 percent in 2018. They suggest that the defendants invited about $21 million in the forex market but ended up losing everything. Where does Oasis Global FX fit in? One of the forex investment pools where the defendants deposited their money was Oasis Global FX. Just one day after the CFTC announced its enforcement action, the Belizean regulator sent a letter to Oasis and asked it to state why its license should not be suspended. As the company failed to reply to the regulator’s letter, it announced that Oasis’ trade license in financial and commodity-based trading instruments had been suspended until further notice. According to the CFTC investigation, the defendants in the Ponzi scheme not just lost millions of dollars in Oasis trading but also fooled early investors with returns. They used over $28 million to pay older investors from new investors’ money, claiming that they were returns on their forex investments. In reality, all the investment had been lost. The CFTC is taking several steps to ensure that frauds are unearthed in the market. On Monday, it awarded an anonymous whistleblower an amount of $1.5 million for coming forward with information on a case that led to enforcement action. This is the seventh time in the past five years that the regulator has awarded a whistleblower. Legislation regarding the same was passed by Congress seven years ago. At the time, it met significant opposition from corporates who believed that it would hurt their compliance programs. The post Belizean Regulator Cracks Down on Oasis Global FX, Suspends Company over Fraud Allegations appeared first on FXTimes.com - Daily Cryptocurrency and FX News.
Cryptovibes

IOST OnBlock By Team Oasis Set To Release In Attempt To Lead Mass Adoption Of Crypto Assets

IOST OnBlock May Lead To Crypto Mass Adoption IOST is an “ultra-fast, decentralized blockchain network based on the next-generation consensus algorithm ‘proof- of believability’ (POB).” The Singapore-based company is seeking to resolve the issue of how to get people to mass adopt bitcoin. And now, it has released its solution. The platform is scheduled to […]
Bitcoin Exchange Guide

Oasis Global FX Charged by CFTC in A $75 Million Fraud Case

The US Commodity Futures Trading Commission (CFTC) charged the owners of Oasis Global FX, Limited and Oasis Global FX in a fraudulent forex scheme case. The case brings to light a forex scheme that led to a Ponzi-style fraud in which investors were promised exceedingly high returns on their investment. Fraudsters promise high returns According to the CFTC, Michael DaCorta, Joseph Anile, Raymond Montie, Francisco Duran, and John Haas together ran a retain foreign currency exchange trading firm between 2011 and 2019. The company cold-called potential clients, asking them to invest in their forex schemes. The victims were told about investments in Forex markets and were shown false performance reports. These reports claimed that the company’s pool had received gross annual returns of 21 percent in 2017 and 22 percent in 2018. All the new participants in the scheme were assured a 12 percent guaranteed annual return on their investment. However, they were all duped in a Ponzi scheme fashion. Workers of the company sent bogus account statements to their clients and showed them a positive return on investment. In reality, however, they had lost $21 million and misappropriated another $47 million of client funds. Ponzi scheme provided for a high life The operators of the pyramid scheme were enjoying a good life with the clients’ money. They used it to pay for personal expenses that included sports tickets, exotic vacations, loans to family members, pet supplies and even college and tuitions for foreign studies. The CFTC said, “As further alleged, of the approximately $75 million the defendants received from pool participants between mid-April 2014 and the present, the defendants deposited only $21 million into Oasis Pools’ forex trading accounts and lost all of those funds trading.” Almost all of the pool money was lost, and the defendants were accused of misappropriation, fraud, registration violations and issuance of false statements. The defendants operated a Ponzi-style scheme, paying over $28 million to early investors, claiming that it was returned on investments instead of money from new investors. These people will also have to face the consequences of fraud. The complaint requires the nine relief defendants to collectively disgorge the gains they received from Oasis Global FX as they have no legitimate claim over the money. In legal terms, a relief defendant is someone who received illegitimate funds due to the illegal acts of the named defendants. The post Oasis Global FX Charged by CFTC in A $75 Million Fraud Case appeared first on FXTimes.com - Daily Cryptocurrency and FX News.
Cryptovibes

Plouton Mining Plans for America’s Largest Solar Bitcoin Mining Farm and Tech Oasis in the Mojave Desert

Crypto mining has seen its share of challenges in the last few months as the prices have slid. This has led to cost cutting, the biggest challenge being electricity. Unsurprisingly an American startup is looking to now provide low-cost renewable energy to these mining farms. Revealed on CryptoSlate, Plouton Mining has started works on one of that largest and most ambitious solar farm for Bitcoin mining in the Mojave desert of California. Innovation In The City Of Angels. The Los Angeles start-up has been founded by Samuel Del Real and Cole Walton. With vast experience in real estate, the duo has purchased 50 acres of land and envisioned a future of sustainability for the blockchain industry. The firm has been driven by need as much as it has been by individual passion. In a recent interview, Samuel discussed how his company evolved from selling ASIC machines to their present iteration. “We had the number one store on eBay for selling ASICs S9 Antminers in 2017. After we had gotten involved in the space, we wanted to figure out what other ways we can participate in a more meaningful way. Mining BTC naturally was it.” Since powering the devices at competitive costs was the biggest challenge, they started an analysis of the best ways of crossing that hurdle. The next logical step was to look at renewable sources. And inspiration was not too far, “Mojave CA, happens to be ranked in the top 12 places in the world for solar power due to its placement and overall days of sun.” Thus the company began work towards innovation for a sustainable energy solution geared towards the Bitcoin network. A cancer survivor and an inspirational figure in his neck of the woods, Samuel discussed entrepreneurial challenges. Talking about a start-ups propensity for failure, he feels that mistakes are bound to be made, but people need to be unafraid of failure and second attempts. “Put your money where your mouth is and show up. Work your ass off fail and pick up again fail and pick up again. Life’s not easy and neither are businesses.” Solar energy is a cheap source of renewable energy but by co-locating ASIC miners closer to the source greater efficiencies of harvesting can be utilized. After all Crypto mining has increasingly become a game of hash production using minimal electricity. And as things progress the focus is increasingly on the production of more efficient computer chips and cheaper power. A Decentralized And Renewable Future Plouton mining is not an isolated instance. Increasingly the energy sourced for mining has been coming from renewable sources. In fact, a recent report in this very publication found that as much as 75 percent of Bitcoin mining was done using renewable energy. This is undoubtedly a conscious effort on the part of the community as they are well aware of their social responsibility. Our report had also shed light on the increasing decentralization of mining. Earlier studies had concluded that China was the source of almost 75 percent of Bitcoin mining in the world, a cause of concern, both in terms of the political implications, as well as a risk of a 51 percent attack. However, there has been a recent trend of miners leaving for countries such as Russia, Iceland, and Canada that offer friendlier regulations and cooler climates along with the option of renewable energy. This has led to a decrease of an estimated 15 percent already. In a world where we are increasingly looking to shut ourselves from others, an initiative for the greater good is most welcome. The crypto industry has been making a conscious effort to improve its image in the mainstream media and this is certainly a step in the right direction. Bitcoin (BTC), Ethereum (ETH), XRP (Ripple), and EOS Price Analysis Watch (Feb 7th)
Bitcoin Exchange Guide
More news sources

Trending

Hot news

Hot world news

Crypto.com and Xfers to Enable Cryptocurrency Purchases With SGD

Crypto.com will offer its users the ability to buy and sell cryptocurrencies with the Singapore Dollar. This will be the primary result of a partnership with Singapore-based Xfers, announced today at the Singapore Fintech Festival. Crypto.com users will be able to instantly buy and sell mainstream cryptocurrencies including BTC, ETH, LTC, XRP and its own MCO and CRO tokens.  An additional collaboration will see Crypto.com providing support for Xfers’ pilot stablecoin initiative StraitsX and the XSGD stablecoin. The Singapore Dollar-backed stablecoin will be introduced to Crypto.com Pay, a mobile payment solution for settlement between customers and merchants. Tianwei Liu, Co-founder and CEO of Xfers commented on the partnership:  “Partnering with a leading platform such as Crypto.com is essential to driving our vision of building an open payments infrastructure for the region. This combined pilot to adopt XSGD for MCO Card top-up and for Crypto.com spend adds to our strong foundation for the initiative, as StraitsX aims to be the common ledger for digital assets and payments- enabling transparency for payments.” Crypto.com is set to enlarge its recently celebrated base of one million users as Kris Marszalek, Co-founder and CEO of Crypto.com comments:  “We are pleased to partner with Xfers first to enable crypto purchases in SGD and then on the strategic stablecoin initiatives surrounding StraitsX and XSGD. Both solutions will increase the utility of the Crypto.com platform for our Singapore community.” The post Crypto.com and Xfers to Enable Cryptocurrency Purchases With SGD appeared first on Crypto Briefing.
CryptoBriefing

NEO, BCH, and XMR Price Prediction and Analysis: Today the Crypto Market Is Recording Some Recovery

Neo Price Analysis (NEO/USD) NEO/USD pair has today shown a massive upsurge as it maintains its price range above $10.000. Also, the bullish action is likely to increase the investor’s sentiments due to an increase in buying pressure. NEO/USD pair began the session trading at $10.626 that later fluctuated upside to rally at a high of $11.355. A medium-term period of consolidation was seen, later on, ranging between $11.409 and $11.103 respectively. The consolidation phase then pulled the price back to currently trade at $11.129 with an intraday increase of 4.5%. That is a positive sign as it gives investors high hope for better digits in the near term.   In the market, there is a bullish trend-line formed that showcased strong buying interest.  Thus, with more buyers in the market, the price is likely to jump above $12.000. However, both moving averages are converging, with the long-term SMA looking set to cross above the short-term SMA. The RSI is also declining towards the negative region, which gives a beatable sign. Therefore, the moves exhibited emphasized the incoming bearish action. Neo Price Prediction (NEO/USD) If the pair’s price break below the bullish trend line and $11.000, the number of sellers is likely to increase, which may dip the price down below $10.000. Conversely, an upside break above $11.4000, may resume the bullish momentum to trade above $12.000 in the short-term. Bitcoin Cash Price Analysis (BCH/USD) BCH/USD pair has also suppressed the bearish performance over the past 24hrs. The pair’s price found a healthy support near $283.0 that sustained the uptrend. It jumped from the opening price of $285.0 to close at $289.6 that showed strong buying interest. Despite the short-term upside momentum, bears resumed the downtrend and slightly dipped the momentum that resulted in a tight range between $286.0 and $290.0 level respectively. Currently, there is a struggle to break $290.0 resistance level; thus, more buyers are needed for further upside. Looking at the moving averages, they are both pointing north, with the short-term SMA above the long-term SMA. The RSI is also hovering above level 50, which shows an increase in buyouts. Thus better digits should be anticipated in the short-term. Bitcoin Cash Price Prediction (BCH/USD) There is a high probability of further upside correction; thus, a breach above $290.0 may correlate gains above $310.0. However, a break below $286.0 could correlate losses towards $265.0. Monero Price Analysis (XMR/USD) XMR/USD pair is up by 1.06%, as it jumped from $61.32 to $61.98 showing a bullish performance. However, the upsurge was seen at the beginning of the session, where it moved from $61.32 to a high of $62.65. The market later entered into the indecisive mode, which was followed by a sideways movement, which was reflected by the horizontal channel marked at $62.32 and $61.49.   Currently, the bulls still have the upper hand as indicated by the short-term SMA that is currently above the long-term SMA. However, the RSI is now heading southwards, giving a negative outlook. Monero Price Prediction (XMR/USD) If the price rise above $62.32 level, then further Bull Run can be seen that may fluctuate the price to rally above $64.00. Nevertheless, a break below the critical support level $62.49 may dip the momentum lower below $60.00. Cryptocurrency Charts By Tradingview Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency or digital currency. Image(s): Shutterstock.com The post NEO, BCH, and XMR Price Prediction and Analysis: Today the Crypto Market Is Recording Some Recovery appeared first on NullTX.
NullTX

Pundi X to power crypto payments on Ingenico point-of-sale devices

Ingenico Group, a global payment services company, and crypto payment technology provider and network Pundi X, have announced the two parties have completed the integration of Pundi X’s XPOS software with the point-of-sale (POS) APOS A8 devices of Ingenico. Leveraging blockchain to facilitate payments Through this partnership, merchants around the world using APOS A8, Ingenico’s […] CryptoNinjas: Pundi X to power crypto payments on Ingenico point-of-sale devices
CryptoNinjas

NEO, VeChain Shoots Up As China Warms Up To Blockchain

Cryptos with links to China are seeing huge leaps as the rest of the market remains relatively quiet, thanks to some recent events that suggest that the Chinese government might be finally ready to open the doors for cryptos. It’s notable that some time back, China banned all crypto-related activities in the country, prompting various exchanges in the country like Binance to leave. A recent announcement by the Chinese president seems to have fueled a rather serious price surge for cryptos like VeChain and NEO. Granted, the two cryptos have been known to have strong links to China. China’s President publicly endorsed Blockchain development in the country, at the 18th collective study of the Political Bureau of the Central Committee held in China, President Xi Jinping delivered a speech to the members of the Political Bureau of the CPC Central Committee where he broadly stressed the importance of Blockchain as an independent innovation for technological breakthrough that must be developed in order to speed up its technological use case in the country. China Will Invest In Blockchain In a new report, it’s revealed that China is planning to invest around $2 billion in blockchain projects within the country over the next few years. This announcement caused a ripple effect, with almost the entire crypto market feeling the push. NEO gained by over 50% while VeChain has seen a cool 100% upsurge since Xi spoke. While the rest of the market also reacted positively to the news, the surge wasn’t as intense as that seen with NEO and VeChain. On average, the rest of the market managed to only gain around 17% following Xi’s pro-blockchain announcement. However, it’s still agreeable that the announcement has been very well received in the industry. In fact, following the news, Binance has expressed interest in opening up a branch in the Chinese capital, Beijing.  Chinese Media Publishing Crypto And Blockchain Content  Besides the Chinese government supporting the blockchain technology, the media, too, seems to have developed some love for cryptos. A state-owned media outlet has been publishing crypto and blockchain-related content in an effort to educate members of the public about them. In fact, one of the publications was entirely dedicated to Bitcoin and occupied the outlet’s front page.  The post NEO, VeChain Shoots Up As China Warms Up To Blockchain appeared first on ZyCrypto.
ZyCrypto
By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.