Bybit Unveils Study to Educate the Crypto Community on Cryptocurrency Wallets
Bybit, the third-largest cryptocurrency exchange by trading volumes, has announced a comprehensive study seeking to enlighten the cryptocurrency community on the complexities of cryptocurrency wallets from a user’s perspective. In its study, Bybit looked in-depth into the development cycle of...
Tradeweb Markets’ December trading volumes surged by 43% YoY
Tradeweb Markets, the leading fixed-income, derivatives, and ETF electronic trading platform for institutions, wholesale, and retail investors and dealers, recently released its trading figures for December 2023. According to the platform, December has seen a significant surge in trading volume,...
Apex Legal Limited’s Regulatory Permit Cancelled By FCA
The UK Financial Conduct Authority (FCA) canceled the Part 4A permission of Apex Legal Limited, taking regulatory action against the firm. FCA's decision highlights a significant development that affects the firm's operational reach in the UK As per the regulatory announcement, the...
FXTM Renounces License And Ceases Operations In Cyprus
ForexTime (FXTM, a brokerage company owned by Andrey Dashin, has ceased its operations in Cyprus starting on December 31, 2023. The company has also placed a notice on the EU website of FXTM to inform the public. According to the...
ECB opens applications for vendors to provide services and components for digital euro
The European Central Bank (ECB) recently opened applications for vendors who wish to collaborate on creating a framework for the digital euro, including components and related services that they would be required to provide should the digital euro ever go...
FCA warns of another clone impersonating Admiral Markets
The United Kingdom’s financial regulator, the Financial Conduct Authority (FCA) recently published another warning against a fraudulent clone impersonating an authorized trading giant, Admiral Markets. According to the regulator, this is at least the fifth clone of the popular broker...
XTB to expand its passive investment plans by adding auto-trading
XTB is planning an expansion of its latest passive Investment Plans, which will result in the introduction of an auto-trading option, according to recent reports. The Polish fintech’s CEO, Omar Arnaout, believes that recurring payments facilitate long-term, passive investing, not...
Visa rolls out a Web3 loyalty engagement offering to help firms reward customers
Credit card giant Visa recently rolled out a new Web3 loyalty engagement platform, meant to allow companies to reward their customers. The rewards would be provided for purchases, but also for interactions and engagement, which is something that Visa intends...
CFPB’s new open banking rules criticized for inadequate protection of consumer data
Last year, the Consumer Financial Protection Bureau (CFPB) revealed its new open banking rules, but soon after they were presented, the rules faced criticism from two industry groups. According to their comments, the planned rules do not go far enough...
Saxo Bank’s trading volume sees a surge as 2023 comes to a close
According to a recent report by Saxo Bank, a Denmark-based multi-asset brokerage, there has been a significant increase in trading activities recorded in the last month of 2023. The bank reported that its average daily volume had reached $6.4 billion,...
Goldman Sachs seeks to become an authorized participant in multiple Bitcoin spot ETFs
Goldman Sachs, the leading Wall Street investment bank, reportedly reached out to BlackRock and Grayscale with the intention of joining their Bitcoin spot ETF programs. Recent reports suggest that the bank seeks to become an authorized participant (AP) for the...
The UK’s BNPL users reported being charged late payment fees in a recent survey
According to a recent survey for an education charity, the Center for Financial Capability, nearly a quarter of British citizens who opted to use the buy now, pay later (BNPL) services ended up being charged late payment fees. The results...
Avalanche to Support Memecoins with Culture Catalyst Program
The Avalanche Foundation will use the Culture Catalyst program to support Memecoins created on the Avalanche network. This support comes amid massive growth of memecoins, with coins such as $PEPE and $BONK outperforming the market in 2023. Avalanche also saw...
Blackstone acquires the majority stake in Japan’s Sony Bank
Japan-based Sony Bank recently offloaded a majority stake in its payments business, Sony Payment Services, to private equity funds managed by a company known as Blackstone. According to the details of the deal, Sony Bank will be able to roll...
Webull Expands Into Canada after Gaining Regulatory Approval
Webull has launched in Canada, allowing retail traders to invest in the local and American stock markets at a lower cost. The launch follows the release of the Webull brokerage services in Canada. Webull is a licensed investment company in...