Markets

The founder and former CEO of bankrupt cryptocurrency exchange FTX is heading to jail after a US judge revoked his bail. US District Judge Lewis Kaplan said there was probable cause that the former crypto mogul had tampered with witnesses...

The Bank of England plans to recruit researchers and academics across the UK. These new hires will be part of the bank’s CBDC Academic Advisory Group (AAG). The recruitment drive is the latest development announced by the bank in its...

ANZ will invest in a new security feature that detects mule accounts. Mule accounts can be used to obtain funds from the victim of scam campaigns and other fraudulent activities. The new tool has adopted artificial intelligence (AI) and machine...

The Reserve Bank of India has announced integrating artificial intelligence (AI) in making UPI payments. Conversational payments are the ones processed during a chat or a messaging conversation. The payment in such transactions will be processed when one of the...

The Nigerian Exchange Limited (NGX) has partnered with the Central Securities Clearing System (CSCS) Plc and Euroclear for a dollar settlement platform. This platform will allow startups in the tech industry to secure capital in dollars. Nigerian Exchange to create...

Mnaara.com, a fintech company based in London, has secured $500,000 in a pre-seed funding round. Investors across the Middle East, Singapore, the United Kingdom, and the United States led the funding round. Mnaara raises $500,000 in a pre-seed round Mnaara.com...

SphereX has raised $8.2 million in a seed funding round led by Aleph. The company secured this funding at a valuation of $24 million. The other investors participating in the funding round include Fabric Ventures, Mensch Capital Partners, and Pillar...

US regulators have been imposing multi-million dollar fines against banks for unofficial use of communication platforms such as iMessage and WhatsApp. The latest banks to be slapped with the fine are BNB Paribas and Wells Fargo. US banks face multi-million...

Bud Financial Limited has launched on the Google Cloud partner directory. The company's presence in this directory will allow companies working with Bud to access the benefits of Google Cloud. It will also ensure that the current and future clients...

The European Banking Authority (EBA) published a report after conducting a mystery shopping exercise involving personal loan and payment accounts. The recent report added to an earlier study on charges that the agency published towards the end of 2022. EBA...

The Cyprus Securities and Exchange Commission (CySEC) has launched a probe into the Ayers Alliance amid links to the potential violations of the existing regulatory framework. The CySEC initially took action against the Ayers Alliance in April 2022, but the...

The US Securities and Exchange Commission (SEC) has secured a temporary asset freeze order against Digital Licensing Inc, which operates as DEBT Box. The commission has frozen the assets belonging to this firm amid allegations of cryptocurrency fraud amounting to...

Saxo Bank has reported its financial results for July. The results show a plunge in foreign exchange (FX) trading volumes during the month. The monthly volumes posted during the period dropped to $112.9 billion, a notable increase from the $119.5...

Multi-asset brokerage company, CFI Financial Group, has expanded its investment across European football. The brokerage company has heavily invested in Middle East sports and is now looking to grow its brand in the European market by securing partnership deals with...

Card payments giant Mastercard has launched the Cardholder Verification Code (CVC)-less online transactions for its credit and debit cardholders. This offering will be available for cardholders with tokenized cards across merchant platforms. Mastercard unveils CVC-less online payments for debit and...