Morgan Stanley is reportedly considering adding spot Bitcoin ETFs
Morgan Stanley is allegedly considering adding spot Bitcoin ETFs to its brokerage platform, following the US Securities and Exchange Commission’s (SEC) decision to approve the products earlier this year, in January. While the company has not announced anything official as...
As Bitcoin halving approaches, Bybit trading volume approaches ATH
Bitcoin halving is approaching, with countdowns showing that it is scheduled to take place on April 21. Meanwhile, Bybit has reported that it is seeing massive trading volumes that are now quite close to hitting the exchange’s ATH. Bybit’s trading...
Duco rolls out a new transaction reporting eligibility validator to ensure compliance with EMIR standards
Duco, a company known for delivering a new, transformative approach to data management and control, recently introduced a new transaction reporting eligibility validator. The new validator was designed to help financial services companies make sure that their reporting will meet...
Interactive Brokers is launching a new desktop trading app for Windows and Mac users
Interactive Brokers, a global firm for investors from all over the world, recently decided to revamp desktop trading with a new app called IBKR Desktop. The application will work on both Windows and Mac devices, allowing users to combine the...
FCA decides not to intervene with wholesale data market for fear of unintended consequences
The Financial Conduct Authority (FCA), UK’s financial regulator, recently published the final report regarding the wholesale data market. The regulator noted that it found room for improvement during its investigation of the market conditions. However, ultimately, the FCA decided to...
Mastercard and Loop to provide advanced card offerings and payment solutions in Saudi Arabia
Payments giant Mastercard recently revealed a new partnership with a digital payments technology company Loop in order to offer advanced new services in Saudi Arabia. According to the company, the partnership will provide consumers and businesses with expanded access to...
CFIT’s report says that open finance could push UK GDP by over £30 billion
The Center for Finance, Innovation, and Technology (CFIT) recently published a report involving open finance and the potential benefits that it could bring. According to the Center’s CEO, Ezechi Britton, open finance could boost the UK GDP by around ₤30.5...
Japan emerges as one of the most progressive nations in terms of crypto payments and Web3
Japan has been one of the most forward-thinking and progressive nations when it comes to its willingness to accept the crypto industry. For years now, its government has been taking a positive approach to emerging crypto concepts, trying to regulate...
UK FCA grants an EMI license to Finnish fintech Enfuce
Finnish financial technology firm Enfuce Financial Services recently managed to secure an Electronic Money Institution (EMI) license in the UK. The license was granted by the Financial Conduct Authority (FCA), the country’s financial regulator. With the regulatory approval from the...
Kraken unveils Kraken Institutional — A new institutional arm
One of the leading crypto exchanges, Kraken, just unveiled a new brand dedicated to offering crypto solutions tailored specifically for institutional clients. The new Kraken Institutional will include hedge funds, high-net-worth individuals, and asset managers. Kraken Institutional aims to satisfy...
Wirecard whistleblower launches a platform for employees to anonymously report corporate missteps
Pav Gill, the whistleblower who helped unveil money laundering and fraud surrounding the German payment processor Wirecard, now launched a new platform called Confide. The platform is meant for corporate employees and shareholders, allowing them to anonymously reveal corporate missteps...
Barclays’ report shows growth in contactless payments among older shoppers
Barclays, one of the leading UK banks, recently published its annual contactless trends reports for 2023. The report’s New Consumer Spend data revealed that 2023 was a record-breaking year for “touch and pay,” and also the year with the fastest...
US-based platform Public.com gives up on trying to conquer the UK’s retail trading market
Eight months after launching operations in the UK, the New York-based investing platform Public.com finally decided to give up on trying to win over the UK retail trading market. Despite its initial optimism, the platform had decided that competition in...
Google is killing off Google Pay in the US
Google recently decided that Google Pay, its long-running payment app, will stop operating in the United States as of June 4. Instead, users will have to switch to Google Wallet, its other payment app that allows users to connect their...
EU adopts new rules for instant payments to empower fintechs
The European Union Council recently adopted new rules involving instant payments that rely on the euro. The move will empower the local fintech firms, and challenge the dominance of US payments giants Visa and Mastercard, thus ensuring the creation of...