Markets

The stocks of tech companies Alphabet and Microsoft jumped on Friday after they revealed investments in artificial intelligence (AI). The stock performance last week comes amid an intense war around AI. The war for dominance in the fast-growing AI industry...

Tokyo-based financial services firm Monex Group has completed the acquisition of a major stake in 3iQ Digital Holdings. This acquisition was first announced in December 2023. Consequently, 3iQ and its affiliated companies are now part of Monex Group.  To help...

The Financial Commission (FinCom), a non-governmental organization overseeing operations in the financial service industry, revealed the addition of PrimeXBT as its latest official member. PrimeXBT is a virtual digital trading platform dealing in spot and future contracts. Its appointment as...

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...