Markets

The US Securities and Exchange Commission recently implemented new rules mean to improve risk management practices in central counterparty dealings with the US Treasury market. According to the regulator, the new rules will require clearing agencies that have dealings in...

The UK Financial Conduct Authority (FCA) announced its disagreement with the recommendation for ex-gratia compensation of Premier FX Limited’s customers. After the company suffered a collapse in 2018, the Complaints Commissioner issued a Final Report suggesting that the FCA should...

Prospero Markets, a CFD broker founded in 2012, recently got its AFS license suspended for failing to submit an audit report. The broker lost its license after the Australian Securities and Investments Commission (ASIC) decided to take regulatory action against...

Consob, Italy’s financial watchdog, recently announced that it had banned access to a new batch of investment websites. The regulator even blocked access to the sites that were licensed in other jurisdictions. In this latest move, Consob banned access to...

Revolut, a leading UK-based fintech firm, recently published its delayed accounts for 2022 after missing the original deadline by three months. The report revealed that the company’s revenue had gone up by 45%, but it also recorded a pretax loss...

Tether, the company that created USDT, the world’s largest stablecoin, recently minted another 1 billion units of its cryptocurrency. The minting was reported by Whale Alert, an account on X (formerly Twitter). However, Tether’s CTO and new CEO, Paolo Ardoino,...

CLS Group, a specialized financial infrastructure group founded in 2002, recently reported that its total daily traded volume remained above the $2 trillion mark for the third month in a row. The total daily traded volume submitted by the company...

Two top executives at Digital Currency Group (DCG), Barry Silbert and Mark Murphy, recently announced their decision to resign from Grayscale Investments’ board of directors. The pair will officially resign from the asset manager’s board starting on January 1, 2024,...

The European Banking Authority (EBA) recently published a report in which it analyzed the consequences of potential changes to the current deposit coverage level in the EU. As part of the report, the EBA expressed its disagreement with plans to...

Bulgarian Prosecutor’s Office recently announced that it has concluded its investigation of the UK-headquartered crypto lending company, Nexo. The investigation has yielded no evidence of any illicit activities at the firm, including tax-related crimes, computer fraud, money laundering, or even...

Japan’s government has decided to approve a revision for its 2024 tax regime, which will have a significant impact on crypto-dealing corporations. Specifically, firms that deal with crypto will no longer be obligated to pay tax on unrealized gains from...

A London-based financial firm 4T Markets Limited (formerly Formax Prime Capital Limited), recently published a report regarding the fiscal year 2023, which ended on March 31, 2023. However, the firm reported mixed financial results. On the positive side, the UK-headquartered...

Fxview, a company based in Limassol, Cyprus, recently announced that it has appointed Feras Mahmoud as the new head of risk management. The firm, which offers online CFD trading in stocks, forex, indices, commodities, and cryptocurrencies, wants Mahmoud to administer...

A judge in the UK has ordered Craig Wright, who has in the past claimed to be Satoshi Nakamoto, to prove that he is the pseudonymous Bitcoin creator. The judge’s ruling is part of a court case dubbed Wright, Wright...

Crypto exchange MEXC recently addressed several concerns that arose among the public, including the deleted account on X called MEXC_CEO, as well as reports of withdrawal issues and frozen accounts. The deletion of MEXC_CEO account on X The deleted account...