Darwinex Profits Increase 70% In The UK As Trader Equity Remains Constant
Tradeslide Trading Tech Limited, which operates the Darwinex brand across the UK, has filed an annual report for the financial period ending December 31, 2022. The brokerage platform reported a nearly 70% profit increase during the period. The profits reported...
Vesttoo To Lay Off 75% Of Its Global Workforce Amid Fraud Allegations
Israeli startup known as Vesttoo has announced a plan to lay off around 150 employees. These employees account for 75% of the company's entire workforce. The majority of employees at the company work at its headquarters in Israel. Vesttoo to...
New York Man Charged With Bitfinex Hack Pleads Guilty
A New York resident has pled guilty to being involved in the 2016 hack against the Bitfinex exchange. The hacking campaign against Bitfinex resulted in the loss of Bitcoin, valued at $4.5 billion. The individual had been accused of laundering...
Deutsche Borse Group Set To Acquire The Remaining Shares At FundsDLT
Deutsche Borse Group, one of the leading global market infrastructure providers, is set to acquire the remaining shares at FundsDLT. This acquisition will be closed by the fourth quarter of 2023 or the first quarter of 2024 if it gains...
Pockit Bags $10 Million In A Funding Round Led By Puma Private Equity
Pockit, a financial app catering to people with limited access to traditional banks, has announced raising $10 million in a funding round. The funding round brings the total funding raised by the company since its inception to around $50 million....
Kenya Commences Probe Into Worldcoin After Suspending Operations
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...
Tel Aviv Stock Exchange Partners With Fireblocks For Digital Asset Offerings
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 File A Lawsuit Against Now-Defunct FxWinning Limited
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...
Bank Of England Partners With Ripple For Synchronized Payments Using Interledger Protocol
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...
Apple Card’s Savings Accounts Surpass $10 Billion In Deposits
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...
Robinhood Revenues In Q2 Increase By 10% To $486 Million
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...
Spot FX Institutional Volumes Show Mixed Investor Sentiment In July 2023
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 Releases July 2023 Results As Client Accounts Jump 19%
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 Gets A $125M Facility From Victory Park Capital To Fund Small Businesses
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...
Investors Turn Towards Precious Metals As Inflation Triggers Uncertainty
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...