Markets

Kuwait recently became one of the regions with the strictest anti-crypto laws in the world. Similarly to mainland China, Kuwait has almost prohibited the use of cryptocurrencies. Crypto users can no longer use their coins and tokens to make payments...

The US remains highly interested in engaging with the crypto industry. Even major institutions and financial services businesses are interested in adding crypto as part of their service. However, many of the largest players would have a lot to lose...

Greenwood, a black-owned digital banking platform, has been sued by The Gathering Spot's founders, a members-exclusive club targeting black professionals. The lawsuit is connected to a $50 million acquisition that was announced in May last year. Greenwood sued by The...

Fintech companies in London are calling for an urgent review of the legislation pertaining to hidden bank fees in international payments. The fintechs that have called for the review are fifteen of the largest across London, including Wise, Monzo, and...

Halifax has announced a partnership deal with Effective Home to enable solar panel sourcing, installation and aftercare. The bank will be rolling out this offering as part of a new trial scheme. Halifax Bank commences trial for solar panel sourcing...

The Italian competition watchdog, AGCM, has imposed a €1.3 million fine against the social and copy trading platform eToro. The agency has claimed that the European subsidiary of eToro shared misleading information about its services. eToro faces a €1.3 million...

XTX Markets, one of the leading algorithmic trading platforms globally, has reported a significant increase in profits generated from its UK-based operations during the 2022 financial year. The profits realized by the company reached £1.095 billion in 2022, increasing by...

Flash, a fintech platform looking to promote financial inclusion in Africa, has raised $6 million in a seed funding round that was led by Addition. The Egyptian fintech offers cashless payment solutions to businesses and customers by giving them access...

Last week, Tesla announced that it had released its highly-anticipated Cybertruck. The vehicle was part of the production line for the electric vehicle (EV) maker in its Texas factory. The launch of this futuristic truck comes amid years of excitement...

Xiaomi, a smartphone maker based in China, is looking to increase its sales in India. Xiaomi wants to increase the sales made on India’s retail outlets, in a significant shift from the previous focus on e-commerce platforms. Xiaomi plans to...

The Russian government has taken full control of the Russian subsidiary of the French yogurt maker known as Danone. The government has also taken control of a stake owned by Carlsberg in a local brewer. Russia takes control of Danone...

The riskiest part of financial markets is also what enables traders to profit from them — their volatility. Since the prices are never stable, but instead they keep going up and down depending on a variety of factors, traders seek...

Charles Schwab, a brokerage company based in the United States, has posted its financial results for the second quarter of the current financial year. The financial results depicted a drop in net income and revenue. Charles Schwab reports a profit...

The Bank of London has submitted a formal application for a European Union Banking License. The bank has also committed to a 200 million euro investment to support its expansion across Europe. Over the next five years, it plans to...

The Centre for Finance, Innovation and Technology (CFIT) has revealed the founding members for the “Open Finance Coalition.” These founding members will work together to demonstrate the power that lies with financial data to boost the efficiency of SMEs and...