Markets

Citi, a global banking giant, has made a strategic investment in Rextie. With this investment, Rextie has emerged as the first FX fintech in Latin America to secure an investment from a leading global bank. Citi invests in Rextie The...

CMC Markets recently published a trading update. The update revealed that the company anticipates a lower net operating income between £250 million and £280 million for the 2024 financial year. CMC Markets downgrades FY24 outlook The update is notably lower...

The US Treasury Department and the Internal Revenue Service (IRS) have released new guidelines for crypto brokerage platforms, including trading platforms, wallet providers, and payment processors. The Treasury Department said the proposed guidelines mandate brokers to report crypto sales and...

Fintech firm LemFi has secured $33 million in a Series A funding round. Left Lane Capital led the funding round. The other investors participating in the funding round include Global Founders Capital, Olive Tree, Y-Combinator, and Zrosk. LemFi raises $33...

Customer data belonging to three bankrupt crypto firms has been exposed after a SIM swapping attack. The three affected firms include digital asset lenders Block Fi and Genesis and bankrupt crypto exchange FTX. SIM Swapping exploit exposes BlockFi, FTX, and...

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...