Markets

The UK union Unite recently reported that one of the nation’s leading banks, Barclays, is planning to cut 900 jobs in the UK. The union criticized the decision, calling it disgraceful. https://twitter.com/BBCNews/status/1729542941134164119 Barclays claims the cuts are a part of...

The UK’s Lloyds Bank recently added a new feature to its app — an in-app passport scanning. According to the bank, the new feature will allow its customers to be the first in the UK to be able to support...

The United Kingdom’s PaymentSense recently made headlines after it became clear that the company is seeking an Irish e-money license in order to expand, not only to be able to legally operate throughout Ireland but also as a way of...

Standard Chartered became the newest member of the group of financial institutions participating in the trials of China’s digital currency efforts. According to new reports, the bank will offer exchange services for the country’s CBDC, known as digital yuan, or...

Crypto users in Hong Kong recently fell victim to a crypto-related scam involving a platform called Hounax. The scam reportedly resulted in total losses of HK$ 148 million (US$19 million). Now, however, the victims are blaming the local securities regulator,...

Recent reports brought controversial news to light regarding a former Chief Fintech Officer at the Office of the Comptroller of the Currency. The official had presented the OCC with a false CV when seeking employment, claiming that he worked at...

Christine Lagarde, the President of the European Central Bank (ECB) recently admitted that one of her sons invested in cryptocurrencies, against her advice. However, his bet did not pay off, and he lost around 60% of the money he used....

Do Kwon, the former CEO of Terraform Labs — the company behind the collapsed Terra blockchain — is set to be extradited from Montenegro, either to the US or to South Korea. While his arrest was made months ago, in...

South Korea is almost ready to launch its CBDC pilot, and preparations have already started. According to recent reports, the country is in the process of setting up a Central Bank Digital Currency pilot that will involve 100,000 people who...

The Office of the Comptroller of the Currency (OCC) had lost one of its officials last week when it was discovered that its first chief financial technology officer, Prashant Bhardwaj, falsified his CV. According to recent reports, the former chief...

The UK users of the Hongkong and Shanghai Banking Corporation (HSBC) recently found themselves unable to access online and mobile banking services. https://twitter.com/HSBC_UK/status/1727971038628020557 Online and mobile banking out on Black Friday The timing of the incident was also unfortunate, as...

Instinet has released BlockCross in Japan to handle the execution of large blocks across fragmented markets. This offering comes with distinct features and liquidity to enable efficient and anonymous large trade executions with minimal impact on the market. Instinet is...

Rimes has announced the integration of the Matrix investment management platform at Boston Partners. The integration will improve upon the data management operations by Boston Partners. Boston Partners will offer comprehensive enterprise reporting, business intelligence, and data retention through this...

Bitvavo, a cryptocurrency exchange platform based in the Netherlands, is expanding its operations into France. The development comes after the exchange received approval from Autorité des Marchés Financiers (AMF), France's regulatory authority. The development marks another milestone in Bitvavo's expansion...

Wallet of Satoshi, a popular brand that provides Bitcoin Lightning wallets, has decided to withdraw its service from the US. The firm has voluntarily withdrawn its app from both the Google Play Store and Apple App Store, and it intends...