Markets
BaFin Uncovers Unauthorized Financial Services Operating As Pepperstone Clone
The Federal Financial Supervisory Authority (BaFin) has advised consumers to be cautious of pepperstone.vip, an imitation of retail brokerage firm Pepperstone GmbH. The regulator issued this warning after discovering that the platform offered investment and financial services without approval. The...
Stripe Expands Operation In The UK With London Office and New Payment Methods
Stripe is strengthening its presence in the UK, opening a main office in London. It’s also starting its first open-banking payment method and new funding options for small businesses. The UK is Stripe's second biggest market, with about 600 businesses joining...
Gildencrest Capital Doubles Its 2023 CFDs Trading Volume
Goldcrest Capital Limited has announced that it saw significant growth in its business as of 2023. The company has extended its operations beyond Forex and CFDs. In 2023, Gildencrest's revenue surpassed £7.55 million, a 53 percent rise compared to the...
OKX Partners With Hidden Road To Expand Its Nitro Spreads Offerings
OKX, a renowned platform for trading cryptocurrency, has announced a partnership with an institutional credit network, Hidden Road Partners. The trading platform is set to expand its institutional trading offerings. With this collaboration, Hidden Road's customers can now access OKX's...
Genesis’ Parent Company Denied Recovery In Wake Of $3 Billion Payout Approval
Genesis Global, a bankrupt digital asset lending company, has been approved by the Court to allocate $3 billion in cryptocurrencies and cash to its creditors. However, the ruling prevents its parent company, Digital Currency Group (DCG), from getting any compensation...
Kudos Secures $10.2 Million To Enhance AI-Powered Smart Wallet Capabilities
Kudos has secured $10.2 million in a financing round spearheaded by QED Investors. The funding will support the development of Kudos, an AI-driven shopping assistant and Smart Wallet. Other contributors to the round include the Four Cities Fund, Newtype Ventures,...
GB Bank To Accelerate Growth Following £85 Million Funding Round
GB Bank, which helps small property developers and investors fund their projects, has received £85 million in extra funds. Moreover, this extra fund was disbursed by a new investor, Hera Holdings, and an existing investor, the Teesside Pension Fund. GB...
FCA Legally Implicates Social Media Celebrities Endorsing Finance Illegally
The Financial Conduct Authority (FCA) has charged some well-known social media influencers, including Lauren Goodger, a former star of "The Only Way is Essex" (TOWIE), for promoting an illegal trading scheme to their followers. The Financial Conduct Authority asserts that...
Mastercard Introduces New Batch Of Blockchain And Crypto Start Path Firms
Mastercard has invited five startups from different regions of the world to participate in its Start Path Blockchain program. The program is mainly organized for cryptocurrency and blockchain purposes. The program is designed to allow industry professionals and FinTechs to...
A2A Payments Company Aeropay Concludes $20m Funding Round
Aeropay, a Pay-By-Bank solutions provider for businesses, has concluded its latest $20 million Series B funding round. The round was led by Group 11, a fintech venture capital company based in Los Angeles. Other prominent companies like Continental Investment Partners...
Australian Parliament Approves Digital ID Bill
The Australian federal administration has approved the Digital ID (Consequential and Transitional Provisions) Bill 2024 and the Digital ID Bill 2024 The legislation will develop a comprehensive digital identification system and enable providers and financial institutions to apply and become...
European Insurance Firm Notifies Shareholders Of Possible Bankruptcy
The new British head of Wefox, a large insurance technology company in Europe, has warned investors that it could shut down in a few months because of many financial and regulatory problems. The European insurance company, with almost 3 million...
U.S. Supreme Court Upholds CFPB Funding Structure
The United States Supreme Court has declined an effort to reduce the Consumer Financial Protection Bureau (CFPB) funding. The Community Financial Services Association of America (CFSA), a business organization for payday lenders, initiated this lawsuit against the CFPB. This was...
Ethereum-Based Cross the Ages Debuts CTA Token, Raises $3.5 Million
Cross the Ages, a blockchain-powered trading card game on Ethereum's Immutable X, recently introduced its CTA token along with announcing a new round of funding for its studio. Animoca Brands, a major crypto investment entity, led the $3.5 million equity...
Standard Chartered Integrates Blockchain Into Payments With Partior
Standard Chartered has become the first Euro settlement bank to begin operation on Partior, a global integrated ledger market platform. The company has added blockchain technology directly into its payment systems. The bank has completed a cross-border transaction in Euros...
