Markets

Worldcoin has continued to raise concerns from regulators globally. Kenya has joined Germany, France, and the UK in launching a probe into the Worldcoin project, whose popularity has soared barely a month after. The East African country said that it...

The Tel Aviv Stock Exchange has secured a strategic deal with enterprise platform Fireblocks. The deal seeks to empower the exchange in providing a wide range of innovative and safe digital asset products and services as part of its new...

Several investors have filed a lawsuit against the now-defunct forex trading platform known as FxWinning Limited. The investors led by Cody Kerns are suing the trading firm and five of its owners amid allegations of engaging in fraud and other...

The Bank of England has finalized a proof-of-concept with Ripple's blockchain payments network. The completed initiative explored the synchronized movement of two currencies across two varying simulated real-time gross settlement (RTGS) systems. Bank of England partners with Ripple The proof-of-concept...

Tech giant Apple has announced that the Apple Card high-yield Savings account has surpassed $10 billion in deposits since its launch in April. The savings account is offered through a partnership with Goldman Sachs, allowing Apple Card users to increase...

The Robinhood retail trading platform has posted a strong performance for the second quarter of 2022. During the quarter, Robinhood recorded a net income of $25 million. Revenue reported during the period gained by 10% to reach $486 million. Robinhood...

The trading activities across the spot foreign exchange market among institutional investors have posted mixed results in July 2023. Trading platforms posted varying results, which does not clarify investor sentiment. Spot FX institutional volumes show mixed sentiments in July Some...

Interactive Brokers, a leading electronic trading platform, has released its financial figures for July 2023. During the month, the trading platform recorded a 19% increase in client accounts compared to July 2022. Interactive Brokers publishes July 2023 results The financial...

Novo has obtained a $125 million facility to fund a working capital product. The digital-savvy banking service provider will use this facility to meet the needs of small businesses across the US. Novo gets a $125M facility for a working...

The level of inflation in the US reached a 40-year high before the Federal Reserve intervened with interest rate hikes. The concerns about inflation and financial stability have prompted investors in the US to seek alternative assets to diversify their...

The European fintech has felt the pinch of the global decline in funding across the fintech industry. The funding in this sector during the first six months of 2023 dropped by more than half compared to the previous period. European...

Klarna has shut down its open banking division known as Klarna Kosma. This division is being shut down by the company in less than 18 months since it was launched. The Klarna Kosma brand and business division was unveiled in...

The business environment across Germany has dropped significantly in July for the third consecutive month, according to a survey. Analysts have warned that the economic recession in Germany has been struggling to make a recovery after falling into a recession...

Hong Kong is looking to create a banking talent with expertise in Islamic finance and the Middle East. The country seeks to use this talent pool to attract companies and wealthy entities in the region that plan to invest in...

Kuwait has recorded the first surplus in nine years within the 2022/2023 financial year that ended in March. The Kuwaiti finance ministry has attributed the surplus to the surge in oil prices reported in 2022. Kuwait posts its first surplus...