Markets

The UK fintech giant Revolut is now facing a class action lawsuit in the US state of Illinois. The lawsuit alleges that the company has been unlawfully collecting, storing, and using its users’ biometric data. In order to use Revolut’s...

The Commodity Futures Trading Commission (CFTC) recently appealed to the US policymakers, urging them to address identity issues encountered in the operations of numerous decentralized finance (DeFi) projects. The US commodities regulator issued a report in which it recommended several...

This Tuesday afternoon, January 9, the US Securities and Exchange Commission’s (SEC) account on X (formerly Twitter) posted a tweet that the crypto community has been waiting for since 2013 — that the regulator has granted approval for Bitcoin ETFs...

Several reports have said that a plan by G20 countries to increase the speed of international payments will promote financial crime and enforce sanctions against Russia and other states. The Future of Financial Intelligence Sharing noted that the increased efforts...

Ant Group has announced the closing of a deal to acquire MultiSafePay, a company based in the Netherlands, for $200 million. Ant Group plans to use this acquisition to expand its operations into the Western market. Ant Group will use...

Exponent Founders Capital, an early-stage venture capital firm founded by former employees at Plaid and Robinhood, has raised $75M in capital commitments. Exponent Founders Capital is already setting a footprint in the financial service industry. The firm initially raised $50...

AbbeyCross, a leading wholesale FX platform working on improving payment market infrastructures, has secured $6.5 million in a seed funding round. The recent funding round comes amid growing interest in the company’s offerings from leading financial institutions globally. This unique...

ForexTime (FXTM) has renounced its Cyprus Investment Firm (CIF) license. The brokerage company has also announced that it will cease all operations starting December 31, 2023. FXTM has already confirmed this decision on its EU website, forextime.com/eu, saying it will...

The UK financial market regulator, the Financial Conduct Authority, has suspended the Part 4A permission permit awarded to Apex Legal Limited. The company will no longer operate as a regulated entity starting January 5, 2024. The FCA announced that this...

The US Securities and Exchange Commission (SEC) has issued a warning against the "Fear of Missing Out" as crypto investors eagerly await the regulator's decision on a spot Bitcoin exchange-traded fund (ETF). In a tweet published last Friday, the SEC...

Nubank has received regulatory approval to expand its services in Colombia. This comes after the financial institution obtained approval from the Financial Superintendence of Colombia to operate as a financing company. This approval will see the subsidiary of Nubank, Nu...

CMC Markets Plc recently released a positive trading update regarding its financial year 2024 (FY24), concluding on March 31, 2024. The retail broker, listed on the London Stock Exchange (LSE: CMCX), expects to reach a net operating income of £40...

London-based Plus500, listed on the London Stock Exchange under the symbol LON: PLUS, released trading update on Monday. It revealed a 2023 annual income of approximately $725 million and an EBITDA of about $340 million. The firm stated that these...

Nigeria’s Central Bank has authorized the Africa Stablecoin Consortium (ASC) to launch the Nigerian Naira stablecoin as part of its regulatory sandbox. This underscores a significant moment in the financial landscape of Nigeria. The blockchain experts in the country, fintech...

VanEck, an Investment management company, has revealed its decision to give 5% of the income generated from its proposed Spot Bitcoin exchange-traded fund to support Bitcoin Core developers. VanEck is one of the numerous candidates for spot Bitcoin ETFs. It...