Markets

The US Department of Treasury has partnered with the Internal Revenue Service for new proposals for “brokers,” including crypto trading firms, payment processors, and wallet providers. The proposed guidelines will see brokers report some crypto sales and transactions done on...

Mastercard, one of the large card payment companies, has announced a partnership with the UAE government. The partnership seeks to boost Mastercard's AI capabilities and development across the Middle East. Mastercard partners with the UAE to boost AI capabilities Besides...

The United Kingdom will host its global artificial intelligence summit in November. The summit will happen at Bletchley Park, which previously served as a hub for Britain’s World War Two code breakers in November. UK to host world’s first AI...

Mastercard, one of the largest payment giants globally, has ended its cryptocurrency card partnership deal with the Binance cryptocurrency exchange. The partnership deal will end next month. Mastercard and Binance to End Crypto Card Partnership Mastercard and Binance will end...

The deputy governor of the Bank of Spain, Margarita Delgado, has made remarks about what the European Central Bank needs to do to assess the impact of the digital euro. Delgado believes it necessary to determine the digital euro's effects...

Yahoo has acquired Commonstock. Commonstock is a brokerage social and community-focused platform that provides insights to retail investors. The acquisition deal will improve the Yahoo community's potential and boost the company's strategy to offer retail investing resources, experiences, and solutions....

Two former metals traders at banking giant JPMorgan Chase have been jailed for being involved in fraud, attempted price manipulation, and spoofing. The traders are accused of running a market manipulation scheme lasting more than eight years. Former JPMorgan metal...

Better.com, an online mortgage lending firm, has debuted at the Nasdaq Capital Market. The company's stock is trading under the ticker symbols BETR and BETRW. Better.com has gone public after a merger with SPAC Aurora Acquisition Corp. Better.com goes public...

Ramp, a fintech startup company, has secured $300 million in funding. The funding was generated in a round by Thrive Capital and Sands Capital. The funding round happened at a valuation of $5.8 billion. Ramp raises $300 million in a...

New Jersey has adopted a law that prevents merchants in the state from generating profits from credit card surcharging. The law requires merchants to disclose the surcharges a customer will have to pay during a transaction. New Jersey limits merchants...

The level of funding across the fintech industry in Ireland has dropped again over the last 12 months. The decline is attributed to economic and geopolitical issues that continue to affect the operations of fintechs globally. Irish fintech funding slows...

The US Securities and Exchange Commission (SEC) has filed charges against Titan Global Capital Management USA LLC. The SEC accuses the fintech advisory firm of using misleading hypothetical performance metrics. SEC charges fintech investment adviser for misleading investors The charges...

XTrend, contracts for difference (CFD) brokerage platform regulated in Cyprus, plans to expand to the Southeast Asian market. The online trading service provider said it had acquired a deal as a Regional Sponsor for the Argentine national football team in...

The National Agency of Perspective Projects (NAPP) in Uzbekistan has authorized the launch of two private banks. The two banks, Kapital Bank and Ravnaq Bank, will issue crypto cards backed by the payments giant firm Mastercard. Uzbekistan greenlights Mastercard-backed crypto...

Oman's Ministry of Transport, Communications, and Information Technology (MTCIT) has launched a new data hosting and crypto mining center. This center is situated within the Salalah Free Zone. Oman launches a crypto mining center The Salalah Free Zone mining center...