Markets

In a recent announcement, proprietary trading firm Instant Funding disclosed its intention to launch a new cryptocurrency platform, IF Crypto, in the coming month. Along with this initiative, the firm also introduced the name of its forthcoming brokerage service, IF...

WeMoney, a money application from Australia, has received strong support from Mastercard and other investors. The company said it received $12 million during a Series A funding round to grow its work and help more users. It stated that the...

360T and CobaltFX have introduced a new tool that helps banks trade money quickly and safely. The new tool is called the PFE model, which stands for Potential Future Exposure. The companies said the tool helps banks assess future risks...

Revolut Securities Europe UAB (RSEUAB), which operates as Revolut’s trading arm in Europe, has received a license upgrade from the Bank of Lithuania. According to the announcement, the firm is now recognized as a Category A financial institution under the...

CME Group Inc. has reported a record-breaking performance for the first quarter of this year, with a notable surge in foreign exchange (Forex) trading volumes. The firm stated that the average daily FX volumes rose by 16.8% year-over-year to 1.15...

Japan’s Monex Group has bought a 20% share in Westfield Capital Management, a company based in Boston. According to the Japanese firm, this move will help it grow stronger in the US asset management area. The deal fits perfectly with...

The Cyprus Securities and Exchange Commission (CySEC) recently slapped Lee Ron More with a €50,000 fine. More, who acts as the Executive Director, President, and Shareholder of Itrade Global (Cy) Ltd, was also banned from having any management roles for...

Germany’s financial watchdog, the Federal Financial Supervisory Authority (BaFin) recently made its first enforcement move under the EU’s crypto regulatory framework, the Markets in Crypto-Assets Regulation (MiCA). The regulator ordered Ethena GmbH, a Frankfurt-based stablecoin issuer, to immediately shut down...

The UK securities watchdog, the Financial Conduct Authority (FCA), recently proposed changes that, if implemented, might reduce data reporting requirements for nearly 16,000 companies. The regulator’s plan is to remove three specific data collections from its handbook. These changes are...

Ethereum Layer-2 project ZKsync experienced a major security breach yesterday, April 15, which led to unauthorized minting of 111 million ZK tokens. The total value stolen was around $5 million, and the investigation into the incident traced the exploit to...

MetaTrader 5 (MT5) finally officially surpassed the older MetaTrader 4 (MT4) in terms of trading volume, making it the second-best for the first time in 15 years.  This is a major milestone and achievement for MT5, which accounted for 54.2%...

Swift just launched a new case management service intended to be used for investigating payment defaults. According to its explanation, the tool could be used to save banks millions of dollars in operational costs and reduce the time needed to...

Bolt, a one-click checkout technology company, has just rolled out a new product — a so-called SuperApp, which combines one-click crypto with everyday payments. The new app has the potential to allow the company to compete with industry giants, such...

OKX, one of the largest crypto exchanges in the world, just launched operations in the US earlier today, April 16. The move marks a massive milestone in OKX’s global expansion strategy, since it will introduce a centralized crypto trading platfom...

The UK’s Starling Bank has started its expansion to North America by opening a US subsidiary that will allow it to sell its tech infrastructure platform Engine to the local mid-tier banks, credit unions, and community banks. Registered in Delaware,...