CySEC Slaps €2.2M Fines On Investment Firms Last Year
The Cyprus Securities and Exchange Commission (CySEC) conducted more than 700 remote and on-site reviews of supervised institutions and issued fines of more than $2.2 million in 2023, according to a recent report. These thematic assessments intend to protect investors...
GBE Brokers Join TradingView List Of Integrated Company
GBE Brokers, the German CFD and forex provider, has integrated with TradingView, a prominent analysis and charting platform for traders. This integration is aimed at enhancing the trading experience for the broker’s customers. The integration with TradingView allows GBE Brokers’...
DXtrade Selected As Platform for Proprietary Trading Firm Instant Funding
Proprietary trading platform, Instant Funding recently announced its intention to migrate to DXtrade. The platform shifted its focus to DXtrade some weeks after it stopped offering its service to traders in the UK. The firm shared an update on X...
Acuity Collaboration Revolutionizes Admirals’ Mt4 And Mt5 With Advanced Analytics
Admirals has unveiled the official launch of its newest analytical solution, Admirals Analytical Research Terminal, which is designed for MT5 and MT4 traders. This advancement was created in partnership with Acuity, a fintech AI-based solutions provider, which utilizes cutting-edge AI...
MahiMarkets Plans To Enhance MENA Support With New Dubai Office
MahiMarkets, a provider of technology in the financial services sector, has revealed its strategic plan to expand with the development of a new office. The office will be established in Dubai. The company mentioned that this recently built office will...
CySEC Fines Licensed Firm €50,000 Thousand For Lapses In Investor Protection
Fiduserve Asset Management Ltd, an investment fund manager authorized in Cyprus, has received a €50,000 total administrative fine from the Cyprus Securities and Exchange Commission. The regulator penalized Fiduserve for several violations of the laws in Regulated Markets and Investment...
eToro Eyes IPO With Price Tag Exceeding $3.5 Billion
Israel’s eToro is assessing the option of an Initial Public Offering (IPO) with a valuation above $3.5 billion, as stated by the brokerage’s Chief Executive Officer Yoni Assia. In the past, the firm’s efforts to go public were unsuccessful, when...
Cryptocurrency Miner Receives $6.1m From Data Center Sale
Argo Blockchain, a cryptocurrency mining firm publicly listed in the USA and London, has announced the fall of its shares by a disturbing 55%. According to the latest news, Bitcoin has seen its shares rise to about 70% in 2024,...
MAS Issues CMS License To Doo Financial’s Subsidiary DCM
Doo Group has secured a Capital Markets Services license for Doo Capital Market Ltd, its subsidiary. This license was issued by the Monetary Authority of Singapore. Doo Group is a well-known brokerage company focusing in the Far East. The firm...
58% Of European Banks Consider New SEPA Instant Payment Deadline Unrealistic
Most European banks are facing a tough challenge concerning the timelines set by the European Union for executing the SEPA instant payment. RedCompass Labs revealed in a report that 58% of the 200 surveyed senior payment professionals find the timelines...
Coinbase Under Regulatory Scrutiny As SEC Lawsuit Moves Forward
A judge from the Federal Court in Manhattan has permitted the US Securities and Exchange Commission (SEC) to continue with a court case against Coinbase. Even as the court rejected one of the regulator's allegations, this recent ruling marks the...
Card Payments Losing Ground, Expected To Decrease By 19% In 4 Years
Boku, a global network for localized payment methods, has partnered with Juniper Research to publish the '2024 Global Ecommerce Report: The Changing World of Payments'. The initiative examines consumer payment behaviors and preferences worldwide, highlighting a significant shift towards local...
Wall Street Firms Test Pilot Program For Canton Network Blockchain Platform
Many top financial institutions including BNY Mellon and Goldman Sachs, have participated in a pilot of Digital Asset's Canton Network blockchain platform for Blockchain-based assets. The Canton Network was founded by Digital Asset with involvement from technology companies, infrastructure providers,...
US Chamber Of Commerce Initiates Lawsuit Against CFPB Regarding Late Card Fees
The United States Chamber of Commerce has Initiated a legal action against the Financial Protection Bureau (CFPB) to prevent it from enforcing a rule to restrict late credit card charges. Earlier this month, the CFPB created a rule to reduce...
Visa Partners With Taulia/SAP To Provide Embedded Finance
Visa, a major digital payment company, has joined forces with Taula, an SAP company firm and a leader in providing working capital management solutions. The latest collaboration aims to make embedded finance available to global businesses. The new partnership is...


