Markets

The increasing prominence of cryptocurrencies might disrupt the banking system in Africa. Cryptocurrencies are gaining popularity in Africa because moving money on the continent is expensive and complicated. Bitcoin is disrupting the banking system Access to commercial bank branches in...

Conotoxia is expanding its current forex and contracts for difference (CFD) offering. The retail trading division has unveiled new investment bank advisory services using a low entry threshold. The service will be available to retail traders operating from Europe. Conotoxia...

The Saudi National Bank has appointed a new chairman. The appointment comes after the bank recorded significant losses on its investment. Saudi National Bank was the largest shareholder in Credit Suisse, which UBS Group recently acquired. Saudi National Bank appoints...

Ripple’s legal battle against the US SEC is coming to a close after more than two years since the regulator originally filed the lawsuit. With the verdict around the corner, investors are looking to the futures market tied to XRP,...

Jared Grey, the CEO of the SushiSwap decentralized exchange, stated recently that he no longer feels inspired following a wave of regulatory crackdowns aimed at digital currency platforms. The regulators have been cracking down on centralized and decentralized exchanges, including...

The UK division of Pepperstone, a forex and contracts for difference (CFDs) provider, has reported a 128% revenue increase. The broker's revenues hit £4.6 million by the end of the 2022 financial year, ending on June 30. Pepperstone UK reports...

LiteFinance, a brokerage platform offering retail services for financial assets such as forex and contracts for difference (CFD), halted trading for 14 cryptocurrency pairs. The development happened around the same time exchange giant Binance halted spot trading. LiteFinance suspend 14...

Citizens Financial Group is working on placing a bid for the acquisition of Silicon Valley Bank. Silicon Valley Bank was shut down by US regulators earlier this month amid liquidity concerns. Regulators have since been looking for ways to liquidate...

Do Kwon, the founder of the Terra Luna ecosystem, which collapsed in May last year and triggered a chain of collapses in the crypto sector, is facing fraud charges by US prosecutors. The charges follow Do Kwon’s arrest in Montenegro....

Several US lenders have faced a financial crisis triggered by increased customer withdrawals. The situation was triggered by the collapse of Silicon Valley Bank and Signature Bank earlier this month. The situation triggered weakness in some of the small regional...

The Federal Reserve hiked interest rates by 25 basis points on Wednesday. During the Federal Open Market Committee (FOMC) meeting, the Fed also hinted at pausing further hikes following the recent turmoil in the US financial industry after the collapse...

Robinhood Markets, one of the leading social trading platforms, has announced a partnership deal with Capitalize. The partnership will support the rolling over of retirement accounts by allowing traders to locate and transfer their existing 401(k) retirement accounts into Robinhood’s...

The CEO of Citigroup, Jane Fraser, has said that she is confident with the US banking system. Her remarks come after several bank closures in the United States and the crisis at Credit Suisse lowered confidence in the global banking...

Broadridge Financial Solutions, one of the largest fintech companies, has announced a partnership deal with Apex Silver. The deal seeks to offer comprehensive solutions for cost-basis processing. The two companies will also report tax information for the financial service sector....

Gainy, a retail trading platform based in San Francisco, has announced a partnership deal with DriveWealth. Gainy is a platform that is focused on Gen Z and millennial investors. Gainy will give its customers access to autopilot trading through a...