Markets

The proprietary trading industry is growing quickly, with many new firms starting up. Reports revealed that this growth has raised questions about how easy it is to enter the market, how honest the operations are, and what role technology plays...

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, announced its new Fixed Rate Loan service. The exchange shared that this service offers users more control and certainty when managing their crypto assets. It is the first time Bybit is...

OCBC Bank has become the first bank in Singapore to introduce bespoke tokenised bonds. The bank said these bonds are for corporate AIs, investors with at least S$10 million in net assets. According to the update, the bonds offer businesses...

CMC Markets has started 2025 with the news of several new appointments at its Singapore office, although majority of the decisions were made last year. The brokerage company has moved Christopher Forbes to the role of Head of Asia, bringing...

Pepperstone, a broker from Melbourne that focuses on forex and CFDs, has teamed up with the Aston Martin Aramco Formula One Team. Reports revealed that Pepperstone is now the team’s Global Forex and Trading Partner through this new agreement. The...

Major crypto trading platform Bybit recently invited global university students to show off their creativity by designing official merch, and it is offering $50,000 in USDT. The amount represents the total prize pool from which the winners will be rewarded,...

The Financial Industry Regulatory Authority (FINRA) recently slapped Barclays Capital Inc. with a $1 million fine for repeatedly botching its net capital calculations. According to the regulator, the bank’s net capital calculations ended up being repeatedly wrong during the first...

Checkout.com, a UK-based payment processing firm, recently decided to cut nearly a quarter of its staff following a major drop in revenue. The company’s accounts for 2023 show that Checkout.com saw its processing transactions go down by 13%, to $204...

According to a recent report by the Russian state news agency, TASS, the country’s largest bank, Sberbank, was ordered by Putin to collaborate with China on the development of AI-based services. The report stated that the Russian president ordered the...

The US Treasury and the Internal Revenue Service (IRS) are facing legal action from multiple blockchain trade groups over the recently introduced rules involving cryptocurrency brokers. Recently, the Treasury and the IRS released new rules that did not sit well...

The French esports team Team Vitality has revealed a new jersey for this year, created in partnership with the Danish sportswear company Hummel. The new jersey features the team’s signature colors and identity, along with Hummel’s well-known chevron design. Fans...

China’s authorities ended the previous year by launching a new set of rules for the local banks which will require them to flag risky transactions, including those that involve cryptocurrencies. As a direct consequence of the new rules, it will...

The co-founder and former CEO of Terraform Labs, Do Kwon, was finally extradited to the US nearly two years after being arrested by the authorities in Montenegro. The move comes only days after the country’s Justice Minister Bojan Božović approved...

The US Department of Justice and Federal Trade Commission recently launched legal action against the UK-based mobile banking app known as Dave. The lawsuit claims that the app misled its customers regarding its charges. Furthermore, the suit alleges that the...

Alpha Group International shared that Clive Kahn has started as the new Chief Executive Officer (CEO) of the company. He took over from Morgan Tillbrook, who stepped down on 31 December 2024. Kahn's appointment was expected, as Alpha Group had...