Markets

The Financial Conduct Authority (FCA) has initiated legal proceedings against Lee Steven Maggs from Sittingbourne, Kent. Maggs is accused of two fraud charges and one breach of the Financial Services and Markets Act. The accusations against Maggs come from his...

The New York Stock Exchange (NYSE) is getting people’s opinions on the possible introduction of 24/7 trading. They draw inspiration from cryptocurrency trading, which is always accessible. As many people are demanding 24/7 trading, the NYSE has provided a survey...

The trading and investment company eToro has teamed up with 21Shares, the creator of crypto exchange-traded products (ETPs). The partnership aims to bring out a fresh investment portfolio that pledges a data-focused method to crypto investing. eToro is a multi-asset...

Last week, Devexperts revealed a strategic partnership between DXtrade, its trading platform, and BizCuits. BizCuits is a service provider offering marketing solutions, payment processing, customer service, IT, risk management, and trading tools for the forex and CFD markets. The merged...

The Australian Securities and Investments Commission (ASIC) has told companies based in Australia to ready themselves for the upcoming implementation of a compulsory climate disclosure framework. During his keynote address at the Deakin Law School International Sustainability Reporting Forum, the...

Admirals UK-registered arm has released its profit reports for the 2023 financial year. According to the platform, it gained a profit turnover of £46,000. This is an improvement on the previous year’s loss of £291,000. The company realized the profit...

Brazil has the highest rate of financial inclusion in Latin America, with the rate of adoption of debit and credit cards standing at 70%. The card usage in the country has also reached 55%, with the amount of real-time payments...

Bybit, a leading cryptocurrency exchange by trading volumes, has announced a global initiative to support the Bitcoin layer 2 ecosystem. The exchange plans to improve literacy around Bitcoin layer 2 and grow the infrastructure. The initiative is part of Bybit’s...

True Forex Funds, a prop trading company, has announced the launch of a new secondary trading platform known as Match-Trader. This platform can be accessed across select countries such as Austria, Germany, Hungary, and Sweden. True Forex Funds is planning...

True Forex Funds, a prop trading company, has announced the launch of a new secondary trading platform known as Match-Trader. This platform can be accessed across select countries such as Austria, Germany, Hungary, and Sweden. True Forex Funds is planning...

Kraken, one of the largest cryptocurrency exchange platforms globally has announced the acquisition of the cryptocurrency division of online brokerage platform, TradeStation. Kraken has shared minimal details about this acquisition deal. However, it will allow the cryptocurrency exchange to expand...

The CEO of JPMorgan Chase, Jamie Dimon, has continued his criticism of the largest cryptocurrency, Bitcoin, saying that it is a “fraud” and “Ponzi scheme.” Dimon was speaking in an interview with Bloomberg TV, where he once again expressed his...

Saxo Bank’s co-founder, Lars Seier Christensen, has invested an unannounced amount of money into Skynet Trading, through Seier Capital, the bank’s investment arm. According to the report, Skynet also received funding from Edessa Capital. The two investors become the first...

Elon Musk is planning to revolutionize banking with X (formerly Twitter). By securing money transmitter permits in half of the US states, X is set to provide its users with an innovative financial experience, merging banking services with social media....

The promise of cryptocurrency's decentralization has inevitably led to conflicts with centralized institutions. The most recent development in this ongoing battle emerges in the guise of the Lummis-Gillibrand Payment Stablecoin Act. This proposed law comes in the mix of cryptocurrency...