Markets

One of the world’s largest crypto exchanges by volume, OKX, recently announced that it received a Minimal Viable Product (MVP) Preparatory license from a Dubai regulator. The Dubai Virtual Assets Regulatory Authority (VARA) issued the license. Thanks to the license,...

According to recent reports, Hong Kong’s central bank is supposedly pushing several major banks toward accepting crypto companies as their clients. The three targeted banks include the Bank of China, HSBC, and Standard Chartered. The claims came from three unnamed...

Plus500 has closed the purchase of over 7.3 million ordinary shares that belong to Odey Asset Management LLP. The acquisition has been set at around £101.3 million, and it represents around 8.2% of the total issued share capital at the...

Interactive Brokers is planning to broaden the number of offered markets. The automated global electronic brokerage platform will allow its clients to access shares trading on Nasdaq Copenhagen (CPH) and the Prague Stock Exchange (PSE). Interactive Brokers set to broaden...

The former CEO of the FTX cryptocurrency exchange, Sam Bankman-Fried, is taking action to see the charges that have been filed against him by US prosecutors dropped. US prosecutors filed several charges against Bankman-Fried following his extradition from the Bahamas....

ZuluTrade, a platform providing social trading and wealth management services, has announced it will be participating in SiGMA Americas, Brazil. As part of its participation in the event, ZuluTrade will showcase its updated Affiliate Program. ZuluTrade to participate in SiGMA...

The UK financial market regulator, the Financial Conduct Authority (FCA), has expanded the warning list over the last week. The UK regulator has recently issued warnings against 44 trading and investment platforms that provide their services to UK residents by...

The US Commodity Futures Trading Commission (CFTC) has flagged 45 online trading platforms operating in other countries. One of the flagged entities is the Belarusian division of the Capital.com multi-regulated brokerage company. CFTC flags Capital.com’s Belarusian entity On Monday, the...

China has been growing as one of the largest economies in the world, but a Goldman Sachs analyst predicts that the nation’s property sector will continue to grapple with persistent weakness for years to come. In fact, its problems will...

Illumina recently saw a major shift in management after its CEO, Francis deSouza, announced that he was stepping down this Sunday. The move marks a victory for Carl Icahn, an activist investor, and it also heightened expectations that the company’s...

Novartis recently agreed to acquire Chinook Therapeutics, a Seattle-based biotech company. The acquisition will cost Novartis up to $3.5 billion, but the company decided that it will be worth it, as it plans to use it to boost its late-stage...

The leading chipmaker Intel recently demanded that the government of Germany provides additional subsidies necessary for its 17 billion EUR ($18 billion) chip plant. However, the country’s minister of finance, Christian Lindner, refused, saying that this is not something that...

Atoa, a payments startup company based in the UK, has closed its seed funding round after raising $6.5 million. The fintech has now set itself in a position where it can compete with payment giants such as Visa and Mastercard,...

Westpac Banking Corp, a lender based in Australia, has announced plans to trim around 300 jobs in the consumer and business banking divisions. These jobs will be trimmed at a time when the company is witnessing significant growth in profits...

UBS Group is planning to impose strict restrictions on Credit Suisse bankers. These restrictions include a ban on new clients based in high-risk countries. UBS is also restricting the addition of complex financial products. UBS imposes tight restrictions on Credit...