Markets

Banking giant HSBC is looking to launch a new app known as Zing. This app will support international payments at a lower cost and will initially be available to HSBC customers in the UK. The launch of Zing marks yet...

A clone of the regulated publicly-listed broker XTB is seeking to defraud investors. The UK financial market regulator, Financial Conduct Authority (FCA), has warned about the unauthorized firm, saying it is a scam. This fraudulent scam uses the details of...

The Financial Conduct Authority (FCA) is heightening enforcement actions against unauthorized firms in the UK. It is also cracking down on false financial promotions by financial companies in the country. According to the FCA, it imposed record-high financial penalties during...

Valdas Dapkus and his two companies have been ordered by a US federal court to pay more than $2.8 million in monetary sanctions. The fine follows charges of the companies being involved in a fraudulent forex fund scheme. According to...

A financial company based in Cyprus providing wealth management services is in trouble following suspicious transactions valued at hundreds of millions. The company in question is TCR International Limited, licensed by the Cypriot regulator CySEC. It is now facing an...

A US bankruptcy court judge has approved bankrupt cryptocurrency lender Celsius Network to switch its operations from decentralized finance (DeFi) lending to Bitcoin mining. With this approval, Celsius can switch from its original bankruptcy plan. The judge has now ruled...

OKX, the sixth-largest cryptocurrency exchange by trading volumes, has announced plans to delist multiple privacy-focused cryptocurrencies such as Dash, Monero, and ZCash. OKX will remove these crypto tokens from its trading platform on January 5. The decision has triggered a...

The Cyprus Securities and Exchange Commission (CySEC) has secured a €150,000 settlement with Naga Markets Europe Ltd. This settlement involves the company's regulatory violations between January 2021 and April 2022. Naga Markets is part of the larger NAGA Group in...

A federal judge in the United States has ruled in favor of the US Securities and Exchange Commission (SEC) in a case against Terraform Labs and founder DO Kwon. The case claimed that Terraform Labs and Do Kwon offered and...

The US commodities regulator, the Commodity Futures Trading Commissions (CFTC), recently announced that the federal court has fined Valdas Dapkus and two of his companies, ordering them to pay over $2.8 million. The monetary sanctions come in response to a...

A Cypriot financial company that offers wealth management services, TCR International Limited, recently found itself facing major challenges due to some suspicious transactions worth hundreds of millions of euros. The company, based in Cyprus and licensed by the local financial...

A lesser-known crypto exchange known as Bitzlato recently suspended its special balance withdrawals, as well as the platform’s technical support. The move was made after the exchange’s co-founder, Anatoly Legkodymov, pleaded guilty to charges of making an illicit $700 million...

Canadian regulator, the Ontario Securities Commission (OSC), recently granted interim exemption to 360T’s UK Multilateral Trading Facility (MTF). The exemption is a step of crucial importance for the platform, as it will allow Canadian forex market participants to gain access...

Monex Group recently revealed its decision to acquire a majority stake in 3iQ Digital Holdings, a digital asset investment fund manager based in Canada. In doing so, Japan’s financial services giant hopes to expand its crypto business. 3iQ Digital is...

The ADGM Arbitration Center recently announced the launch of its brand new online dispute resolution platform. According to the company, the platform comes in response to growing demand for its services as a premier dispute resolution hub. Known as ODR@ADGM,...