Markets

US cryptocurrency exchange, Kraken, made a mistake of not implementing an automated IP blocking tool in time. As a result, the exchange had a number of users from Iran. And, since there are sanctions imposed on Iran, the platform got...

China erupted with protests against harsh COVID-19 restrictions over the last several days, and it appears that the authorities are ready to discuss an alternative approach. At least, this is what is being speculated following the announcement by the Chinese...

The European Central Bank has warned that it could make losses amid high interest rates. The rising inflation levels have forced the ECB to hike interest rates as it bears the costs of the aggressive money printing moves in the...

L&T Finance Holdings, a leading non-banking financial institution in India, has announced the completion of the divestment in its mutual fund business. The funds generated through this transaction will strengthen the company’s balance sheet to support growth and innovation in...

Eurotrader, a multi-asset brokerage company based in Cyprus, has received regulatory approval from the Financial Conduct Authority in the United Kingdom. This license will allow the company to offer its services to the retail market in the UK. Eurotrader expands...

ClearBank has reported a nearly threefold increase in its January to October 2022 revenues. During this period, the company reported revenues of £45.4 million, which was a notable increase compared to the same period last year. ClearBank’s revenues increase 3x...

Bybit, one of the leading cryptocurrency trading platforms, has created a $100 million support fund. The company has said that it plans to provide additional protection to clients during a tough period for the cryptocurrency sector. Bybit sets up a...

One of the leading cryptocurrency trading platforms, Bitget, announced registering a new office in Seychelles. The launch of this office will support the platform’s expansion globally. Bitget launches a new office in Seychelles Bitget is one of the leading digital...

Britannia Global Markets is expanding its prime brokerage division. The company will be expanding this division by venturing into FX, index and commodity contract for differences (CFDs). Britannia expands prime brokerage services Britannia Global Markets is the brokerage division of...

Finastra, a company providing financial software applications, has partnered with Fragmos Chain. The partnership will allow Finastra to support the digitalization of over-the-counter (OTC) derivatives. Finastra supports the digitalization of OTC derivatives Fragmos Chain is a blockchain technology company. A...

The main indexes on Wall Street plunged on Monday amid fears that China could resume strict COVID policies amid a new wave of infections. On Monday, China said it would shut down schools and businesses in the affected districts while...

Simon & Schuster’s owner will allow a $2.2 billion sale to Penguin Random House to collapse. The falling apart of this deal will pave the way for another interested party to secure this deal. The acquisition of the book publishing...

LMAX Group has announced that it will expand its technology infrastructure within the Asia-Pacific region. This will be enabled by launching a new matching engine within the Equinix IBX Data Center in Singapore. The platform was launched earlier this year....

The US Securities and Exchange Commission (SEC) has launched administrative proceedings against American CryptoFed. The latter is a decentralized autonomous organization (DAO) based in Wyoming. SEC starts proceedings against CryptoFed The SEC has started these proceedings to determine whether there...

The European Securities and Markets Authority (ESMA) is seeking to strengthen the provisions around passporting of financial service licenses. The regulatory body will do this by encompassing new rules in the Markets in Financial Instruments Directive (MiFID II). ESMA invites...