Markets
Shareholder Approval Secured for NAGA and CAPEX.com Merger
The stakeholders of publicly listed NAGA GROUP AG (XETRA: N4G) have ratified the consolidation of the brokerage firm with CAPEX.com. A staggering 99.81 percent of NAGA shareholders expressed their support for the merger during the extraordinary general assembly held on...
Midas Investment Platform Eyes MENA Expansion With $45 Million Boost
Midas, a fintech company that grants millions of Turkish citizens access to investing markets, revealed last week that it secured $45 million in a Series A financing round. The round was spearheaded by Canada's Portage. The investment round also included...
ASIC Revokes Financial Services License of Retail Broker JB Markets
The Australian Securities and Investments Commission (ASIC) has canceled the license of JB Markets Ltd. According to the announcement, the company did not maintain adequate resources and failed to meet financial requirements. ASIC revoked the license after the platform’s license was suspended...
Investment Platform Public Sets To Acquire Stocktwits’ Brokerage Accounts
Major investment platform Public has made a move to purchase the TradeApp investment accounts of Stocktwits, a platform for direct discussions and news about cryptocurrencies and stocks. The purchase will assist Public in developing its brokerage services, according to the...
Australian Court Orders The Dissolution Of Prospero Markets
The Federal Court of Australia has provided liquidators for Prospero Markets Pty Ltd. The Australian Court made the move as major officials of the platform are faced with charges concerning financial fraud of more than $200 million. The decision comes...
Financial Commission Welcomes Orfinex As Approved Broker
Orfinex, a Multi-asset brokerage company, is now part of the self-regulatory organization of the Financial Commission. This endorsement assures traders that the company adheres to the commission's quality benchmarks. Orfinex's recognition as an Approved Broker Member came into effect on...
Brazil Pioneers Financial Inclusion Efforts In Latin America
In Latin America, Brazil is at the forefront of financial accessibility with 70% of people using credit or debit cards. The nation has seen 55% card usage and a high level of Instant money transfers. This Promising development is because...
Interactive Brokers Expands Product Portfolio with CFDs in Japan
Interactive Brokers has added more investment options for Japanese customers by including CFDs for US stocks. The Chief Executive Officer of Interactive Brokers Securities, Dan Kerrigan, stated that the team is happy to give its Japanese customers more options by...
Cypriot regulator CySEC Imposes €360,000 Fine On FXORO Parent Company
The Cyprus Securities and Exchange Commission (CySEC) has penalized MCA Intelifunds with a fine of €360,000 for several breaches of Cypriot investment regulations. This fine was reached following a September 2022 investigation that exposed multiple failures in adherence at the...
FCA Warns of Clone Firm Pretending To Be Forexeze Limited
The UK's financial services regulator has raised concerns about a suspected clone company falsely claiming to be linked with a formerly registered organization. In a notice issued last week, the Financial Conduct Authority (FCA) highlighted that it had not licensed...
Avraham Eisenberg Convicted for $110 Million DEX Manipulation Scheme
Avraham Eisenberg, who is 28 years old, has been found guilty of committing fraud related to manipulation of the commodities market, and wire fraud. These crimes are connected to the manipulation of the Mango Markets decentralized cryptocurrency exchange. Eisenberg's Conviction...
Bitcoin Halving Officially Completed with Block 840,000 Mined
The Bitcoin halving just happened at block height 840,000. This means the mining reward for each block has been cut in half, as miners get 3.125 Bitcoins instead of 6.25 Bitcoins. These new Bitcoins come into circulation as rewards for...
Tastytrade Join Forces With Unusual Whales To Expand Options Trading
Tastytrade, an online trading brokerage company, has collaborated with an options trading platform, Unusual Whales. This partnership is aimed at allowing Unusual Whales’ customers to directly access options trading by using Tastytrade's accounts. The Chief Executive Officer of Tastytrade, Scott...
Options Trading Service Goes Life On The CFI Platform
Credit Financier Invest (CFI), a leading online trading provider, has introduced options trading on its platform for multiple assets. This launch aims to provide more trading opportunities and extra advanced trading features to investors. The new Options trading enables investors...
Orfinex Enhances Customer Protection With Financial Commission Membership
The Financial Commission has announced the endorsement of Orfinex as its latest Member—the firm’s integration into the self-regulatory forum for settling disputes within the FX industry. Orfinex's recognition as a certified Broker Member came into force on April 17th, 2024, after...
