SVB Financial Group has announced a plan to sell its investment banking division known as SVB Securities. SVB Securities will be sold to a group that is led by Jeff Leerink, with the funds backing the group being managed by...

Rio Tinto has said that it is working to recover around 30 wagons of a self-driving iron ore train. The train in question derailed in Western Australia in an accident. According to analysts, this accident had the potential to disrupt...

The CEO of Binance, Changpeng Zhao, has announced that Binance has issued a cease and desist order against Binance Nigeria Limited. According to Zhao, Binance Nigeria Limited was a scam entity. Binance issues a cease and desist order to Binance...

ACY Securities, a forex and contracts for difference (CFD) brokerage company based in Sydney has unveiled a strategic partnership deal with Currencycloud. The partnership will make it possible for the clients at ACY Securities to deposit funds seamlessly using local...

The world’s largest asset manager, BlackRock, has filed for a Bitcoin exchange-traded fund (ETF). This ETF will allow investors to have exposure to Bitcoin, as the asset comes under intense scrutiny by regulators. BlackRock files for a Bitcoin ETF The...

FXCubic, a technology provider for brokerage companies, has announced that it has ended its integration with Match-Trader. Match-Trader is a trading platform supporting multiple financial assets, and it was created by Match-Trade Technologies. FXCubic completes integration with Match-Trader The integration...

Financial technology companies have witnessed a significant downturn and a market slowdown. Freetrade is among the affected companies, with its valuation dropping by 65%. The company has revised its valuation to £225 million as it anticipates a crowdfunding campaign. Freetrade...

Majority, a mobile banking company providing financial services to US migrants, has closed its fourth funding round in two years. The company has also expanded its presence in Texas with a community meetup space. Majority closes a $9.75M raise The...

OneVest, a wealth-as-a-service platform, has confirmed raising CAD$17 million in a Series A funding round. The platform is focused on growing the wealth management experience for financial institutions and their clients. OneVest raises CAD$17M in a Series A funding round...

Today, one of the world’s largest investment and wealth management solutions providers, the Saxo Bank, celebrates a major milestone. The bank announced that it had onboarded over a million clients on its platform. While quite a remarkable feat, this is...

One of the world’s largest crypto exchanges by volume, OKX, recently announced that it received a Minimal Viable Product (MVP) Preparatory license from a Dubai regulator. The Dubai Virtual Assets Regulatory Authority (VARA) issued the license. Thanks to the license,...

According to recent reports, Hong Kong’s central bank is supposedly pushing several major banks toward accepting crypto companies as their clients. The three targeted banks include the Bank of China, HSBC, and Standard Chartered. The claims came from three unnamed...

Plus500 has closed the purchase of over 7.3 million ordinary shares that belong to Odey Asset Management LLP. The acquisition has been set at around £101.3 million, and it represents around 8.2% of the total issued share capital at the...

Interactive Brokers is planning to broaden the number of offered markets. The automated global electronic brokerage platform will allow its clients to access shares trading on Nasdaq Copenhagen (CPH) and the Prague Stock Exchange (PSE). Interactive Brokers set to broaden...

The former CEO of the FTX cryptocurrency exchange, Sam Bankman-Fried, is taking action to see the charges that have been filed against him by US prosecutors dropped. US prosecutors filed several charges against Bankman-Fried following his extradition from the Bahamas....