Deriv will add Solana as a payment option thanks to a new partnership expansion with BVNK
Deriv, one of the world’s largest online brokers that offers CFDs and other derivatives, recently revealed a new partnership expansion with BVNK. The expansion will allow the company to add Solana as its newest supported payment method. Deriv makes a...
US SEC charges Future Fintech’s CEO with fraud
The US Securities and Exchange Commission (SEC) recently charged Shanchun Huang, the CEO of Future Fintech, with fraud. According to the regulator, Haung failed to disclose his ownership and transactions of Future Fintech stock before becoming the company’s CEO. Future...
Broadridge Financial Solutions unveils OpsGPT — AI solution for enhancing post-trade operation efficiency
Broadridge Financial Solutions, a public corporate services and financial technology firm, recently revealed its new AI solution based on the power of Generative AI (GenAI). Known as OpsGPT, the solution was designed to enhance the firm’s efficiency in tackling post-trade...
US SEC makes another push toward getting Ripple to disclose institutional sales proceeds
The US Securities and Exchange Commission (SEC) recently intensified its legal pursuit against Ripple Labs in a recent filing on January 11. Despite Ripple’s partial victory in a years-long court case that was concluded in 2023, the SEC is not...
Robinhood CEO promises to bring spot Bitcoin ETFs to the investment app
Robinhood, the US-based financial services company headquartered in California, announced recently that it intends to start offering the newly-approved Bitcoin spot ETFs as soon as possible. The company’s CEO, Vlad Tenev, made the announcement soon after the US Securities and...
Emirates Islamic Bank announces zero-fee stocks trading in Q1 2024
In a new announcement, Emirates Islamic Bank notified customers of the Digital Wealth platform that they will be able to trade in stocks with zero commissions from January 1 until March 31 of this year. The most innovative UAE bank...
Nubank customers can now use WhatsApp to receive money from the US
Nubank recently announced that its customers from Mexico will now be able to use WhatsApp to receive money from the United States. This was made possible thanks to a new partnership between the bank and Felix Pago. How can WhatsApp...
US SEC approves 11 Bitcoin spot ETFs, but while some celebrate — others have condemned the move
The US Securities and Exchange Commission (SEC) has finally approved 11 Bitcoin spot ETFs in a landmark judgment. In doing so, the US securities regulator paved the way for mass adoption of digital assets. US SEC finally approves Bitcoin ETFs...
TradeStation Securities to integrate CQG’s trading tools and enable multi-asset trading
TradeStation Securities, an online securities and futures brokerage, recently entered into a strategic partnership with a technology solutions provider known as CQG. The partnership will allow TradeStation to integrate CQG’s trading tools and enable multi-asset trading on its platform. How...
Revolut faces a lawsuit for allegedly collecting, storing, and using users’ biometric data
The UK fintech giant Revolut is now facing a class action lawsuit in the US state of Illinois. The lawsuit alleges that the company has been unlawfully collecting, storing, and using its users’ biometric data. In order to use Revolut’s...
CFTC urges policymakers to address identity issues in DeFi
The Commodity Futures Trading Commission (CFTC) recently appealed to the US policymakers, urging them to address identity issues encountered in the operations of numerous decentralized finance (DeFi) projects. The US commodities regulator issued a report in which it recommended several...
Someone hacked the US SEC Twitter account to falsely announce Bitcoin spot ETF approvals
This Tuesday afternoon, January 9, the US Securities and Exchange Commission’s (SEC) account on X (formerly Twitter) posted a tweet that the crypto community has been waiting for since 2013 — that the regulator has granted approval for Bitcoin ETFs...
G20 Under Criticism over Plan To Increase Speed In Cross-Border Payments
Several reports have said that a plan by G20 countries to increase the speed of international payments will promote financial crime and enforce sanctions against Russia and other states. The Future of Financial Intelligence Sharing noted that the increased efforts...
Ant Group to Close Multisafepay Acquisition Deal for $200 Million
Ant Group has announced the closing of a deal to acquire MultiSafePay, a company based in the Netherlands, for $200 million. Ant Group plans to use this acquisition to expand its operations into the Western market. Ant Group will use...
Exponent Founders Capital Announces a $75M Raise In Capital Commitments
Exponent Founders Capital, an early-stage venture capital firm founded by former employees at Plaid and Robinhood, has raised $75M in capital commitments. Exponent Founders Capital is already setting a footprint in the financial service industry. The firm initially raised $50...