Italy’s CONSOB orders blocking of access to seven unauthorised investment websites

Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of seven new websites that offer financial services without the necessary authorization.

The websites targeted by the orders are:

  • “BTX+” (website https://btxplus.io and related pages https://client.btxplus.io and https://webtrader.btxplus.io);
  • “Tide Technologies Group” (website https://tidetechnologiesgroup.ltd);
  • Fast-MNG EU Limited (website www.fast-mng.com);
  • “Alfacapitalinvest” (website https://alfacapitalinvest.com and related page https://client.alfacapitalinvest.com);
  • “Bitcoinup” e “UfinaCapital” (siti https://bitcoinup.io e https://ufinacapital.pro and page https://ufina.trade)
  • Digital Trust CSP Fzco (website www.doublefinance.io).

Of these seven websites, six are illegal financial intermediation websites and one is a website through which an offer of financial products is carried out in the absence of a prospectus.

In issuing the orders the Authority availed itself of the powers deriving from the “Decreto crescita” (“Growth Decree”; Law no. 58 of 28 June 2019, Article no. 36, paragraph 2-terdecies), on the basis of which Consob can order Internet service providers to block access from Italy to websites offering financial services without the proper authorization.

The number of websites blacked out since July 2019, when Consob got the power to order that the websites of fraudulent financial intermediaries be blacked out, has thus risen to 977.

The black-out of these websites by Internet service providers operating on Italian territory is ongoing. For technical reasons, it can take several days for the blocking to be implemented.


eToro adds Global X MSCI Argentina ETF to list of investment instruments

Online broker eToro continues to expand the list of investment instruments with the latest addition being the Global X MSCI Argentina ETF ($ARGT).

From the regional eCommerce powerhouse $MELI (MercadoLibre) to local giants like YPF, Arcos Dorados (McDonald’s franchise), $PAM (Pampa Energia S.A.-ADR) and leading bank Galicia, $ARGT opens doors to Argentina’s market movers.

$ARGT offers:

  • Diversification: Add a slice of Argentina’s economic powerhouse to your portfolio.
  • Milei’s Impact: Ride the waves of change under the influence of Argentina’s dynamic political landscape.
  • Market Movers: $ARGT captures the growth potential of Argentina’s major players.

Zero Commission applies to all newly added stocks and ETFs for users in regions where such policy is offered. Zero Commission means that no additional fees will be charged or added to the raw market spread on your stocks & ETF positions. There are also no limits on commission-free positions, and you can buy fractional shares.


Ethereum as an Investment Tool: Analyzing Risks and Opportunities

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has gained significant attention as both a technological innovation and an investment opportunity. While Ethereum offers promising opportunities, potential investors must also consider the associated risks. This analysis, supported by NovaChange’s secure and efficient exchange service, aims to dissect the risks and opportunities linked to investing in ETH. More information can be found on the website: https://www.novachange.cc/en/

Opportunities

  • Smart Contracts and Decentralized Applications (DApps): Ethereum’s primary innovation lies in its ability to execute smart contracts, self-executing code that enables trustless transactions. This has led to the development of a wide array of decentralized applications across various industries, including finance, gaming, and supply chain management. These applications have the potential to disrupt traditional systems and create new revenue streams.
  • DeFi (Decentralized Finance): Ethereum’s platform has facilitated the explosive growth of DeFi, offering traditional financial services like lending, borrowing, and trading in a decentralized manner.
  • Ethereum 2.0 Upgrade: The ongoing transition to Ethereum 2.0 aims to address scalability issues and reduce energy consumption through a shift to a Proof of Stake (PoS) consensus mechanism. If successful, this upgrade could enhance Ethereum’s utility and attract more users and investors, supported by NovaChange’s 100% translation guarantee.
  • Institutional Interest: Increasing institutional interest in cryptocurrencies has led to investment in ETH. Institutional involvement could provide stability and credibility to the market, attracting more investors. NovaChange’s around-the-clock technical support ensures a smooth experience for institutional investors.

Risks

  • Regulatory Uncertainty: Cryptocurrency regulations vary widely across jurisdictions. Sudden changes in regulations can impact the legality, trading, and value of ETH.
  • Market Volatility: Cryptocurrency markets are known for their extreme price volatility. Rapid price fluctuations can result in substantial gains or losses for investors within a short period. NovaChange’s fast and favorable exchange process can help investors capitalize on market opportunities.
  • Technological Risks: Scalability issues, security vulnerabilities, and bugs can negatively impact user experience and investor sentiment. NovaChange’s reliable service ensures secure transactions despite technological risks.
  • Competition: Ethereum faces competition from other smart contract platforms that offer improved scalability and efficiency. If these competitors gain traction, they could potentially erode Ethereum’s market share and value. NovaChange’s exceptional customer service and reviews help navigate competition confidently.
  • Economic Factors: Cryptocurrency markets can be influenced by economic uncertainty, leading to significant market swings. NovaChange’s service assists in safely exchanging assets during volatile economic times.

Conclusion

Investing in Ethereum presents both promising opportunities and significant risks. Its innovative technology, vibrant ecosystem, and potential for disrupting various industries make it an appealing investment. However, investors must carefully assess and manage the associated risks, including regulatory uncertainties, market volatility, and technological challenges. As with any investment, thorough research and a diversified portfolio approach are essential for navigating the complexities of the cryptocurrency market, and NovaChange’s secure and efficient exchange service can play a crucial role in this process.

Follow Techdee for more!