Markets

Bulgarian Prosecutor’s Office recently announced that it has concluded its investigation of the UK-headquartered crypto lending company, Nexo. The investigation has yielded no evidence of any illicit activities at the firm, including tax-related crimes, computer fraud, money laundering, or even...

Japan’s government has decided to approve a revision for its 2024 tax regime, which will have a significant impact on crypto-dealing corporations. Specifically, firms that deal with crypto will no longer be obligated to pay tax on unrealized gains from...

A London-based financial firm 4T Markets Limited (formerly Formax Prime Capital Limited), recently published a report regarding the fiscal year 2023, which ended on March 31, 2023. However, the firm reported mixed financial results. On the positive side, the UK-headquartered...

Fxview, a company based in Limassol, Cyprus, recently announced that it has appointed Feras Mahmoud as the new head of risk management. The firm, which offers online CFD trading in stocks, forex, indices, commodities, and cryptocurrencies, wants Mahmoud to administer...

A judge in the UK has ordered Craig Wright, who has in the past claimed to be Satoshi Nakamoto, to prove that he is the pseudonymous Bitcoin creator. The judge’s ruling is part of a court case dubbed Wright, Wright...

Crypto exchange MEXC recently addressed several concerns that arose among the public, including the deleted account on X called MEXC_CEO, as well as reports of withdrawal issues and frozen accounts. The deletion of MEXC_CEO account on X The deleted account...

The United States Securities and Exchange Commission (SEC) has decided on December 29 as the deadline for any applicants seeking to launch spot Bitcoin ETFs. The issuers believe that the deadline is critical for those who wish to be a...

Yoti, a digital ID company located in the UK, recently received £12.5 million in debt funding from HSBC. In addition, the company also received £7.5 million in convertible debt funding from its existing shareholders, totaling £20 million. Yoti will use...

Paxos, the company behind the stablecoin Pax Dollar (USDP), recently received approval from the New York Department of Financial Services (DFS) to expand its operation. The firm now intends to launch USDP on Solana’s blockchain, thus officially going beyond Ethereum’s...

HSBC UK shared plans to expand its Growth Lending fund. The fund, which was £250 million large until now, will grow by another £100 million, to a total of £350 million. According to the bank, the decision was made in...

A brokerage company known as CFI Financial Group announced recently that it has incorporated artificial intelligence (AI) into its service offering. The firm added AI to its app’s Beta version. The AI has taken the form of a Trading Assistant,...

A pioneer in cloud banking for the global financial services industry, nCino, announced recently that it has decided to expand its partnership with Salesforce, a company that makes cloud-based software designed to help businesses find more prospects. The goal is...

Coinbase, the largest US crypto exchange, recently managed to secure regulatory approval from the French financial market regulator, the Autorite des Marches Financiers (AMF). With the registration in France, Coinbase can now officially offer digital currency services in the country....

The People’s Bank of China’s (PBoC) branch in Shanghai recently made a major milestone regarding its central bank digital currency (CBDC), the digital yuan. Also known as e-CNY, the CBDC was used to complete the first cross-border settlement gold settlement....

The pan-European trading venue for securitized derivatives known as Spectrum Markets recently became an associate member of the Italian Association of Certificates and Investment Products (ACEPI). In doing so, the company became the first Multilateral Trading Facility (MTF) to align...