Crypto CEO Kidnapped, Abductors Demanded C$1 Million For His Release
Dean Skurka, the CEO and president of WonderFi, a Toronto-based crypto firm, was kidnapped last week and held for ransom. According to sources close to the police investigation, the kidnappers demanded to be paid C$1 million in order to let...
Fubon Bank Fined: Hong Kong Monetary Authority Issues HK$4 Million Penalty
The Hong Kong Monetary Authority (HKMA) recently issued a HK$4 million (~$514.4k) fine against Fubon Bank after accusing it of violating the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO). Fubon Bank Violated AMLO For Over Three Years The penalty came...
GoHenry Urges The UK Government To Implement Compulsory Financial Education From Primary School
The UK government was recently urged by GoHenry to make financial education compulsory from primary school onwards, during an event in the House of Commons last week. GoHenry Introduces New Financial Education Plan The request came from GoHenry — a...
Fubon Bank Fined HK$4 Million by Hong Kong Authority Over Money Laundering Breach
Fubon Bank has been fined HK$4 million by the Hong Kong Monetary Authority (HKMA) for not following important rules on stopping money laundering and terrorist financing. The penalty is for breaking the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO), a...
WonderFi Leader Found Safe After Toronto Kidnapping Incident
Dean Skurka, the head of Canada’s biggest crypto company, WonderFi, has been found safe after being kidnapped in Toronto on Wednesday. He was taken during rush hour in downtown Toronto by a group of criminals, according to reports. Skurka was...
Federal Reserve Chief Dismisses Idea Of Stepping Down Under Trump
Jerome Powell, the head of the US central bank, talked about rumors that his job could be in trouble as Donald Trump gets ready to return to power. According to reports, Powell said he would not leave if Trump asked...
UK Government Pressed To Include Financial Education In Primary Schools
The UK government has been asked to ensure financial education is a requirement in primary schools. GoHenry, a company that teaches young people about money, asked for this during an event at the House of Commons this week. Louise Hill,...
GoHenry Calls For Financial Lessons To Start In Primary Schools In The UK
The UK government has been asked to ensure financial education is a requirement in primary schools. GoHenry, a company that teaches young people about money, asked for this during an event at the House of Commons this week. Louise Hill,...
LendingMetrics Receives Major Investment From LDC For Expansion
According to a recent report, LendingMetrics, a credit risk technology group, received a big investment from LDC, a private equity investor linked to Lloyds Banking Group. The funding will help LendingMetrics grow its reach in the UK’s expanding software and...
CFDs Trading Platform APM Capital Markets Reveals Dip In Revenue Following Acquisition
APM Capital Markets has announced its financial report for the fiscal year ended 2023. The report was also accompanied by a report about the firm’s strategic plans for the future. According to the firm, it recorded a decline in revenue...
Startup Accelerator Cronos Enhances Partnership With Google Cloud
Blockchain startup accelerator, Cronos Labs has strengthened its collaboration with Google Cloud. According to the platform, Google Cloud will be the main cloud provider for Cronos and its ecosystem. Additionally, the collaboration will be based on four major pillars: Value...
Experts Warn Of Risks As Unregulated Platforms Attract Traders With Lower Costs
According to experts, unregulated trading platforms may continue to exist as long as some traders are willing to trade away consumer protections for the benefits of high leverage and lower fees. The challenge, they noted, is for regulated platforms with...
Marex Reports 32% Revenue Boost In Q3 With Doubling Interest Income
Marex Group reported strong results for the third quarter, with a big jump in profits and income from trading. For the three months ending in September, Marex’s revenue rose by 32%, reaching $391.2 million, up from $296.6 million in the...
Boxing Icon Mike Tyson Joins NAGA Group As Brand Ambassador
According to reports, NAGA Group AG has chosen boxing legend Mike Tyson as its new brand ambassador. This move shows another sports star joining the retail trading world. NAGA’s Chief Executive Officer, Octavian Pătrașcu, shared the news by posting about...
IUX Markets Joins The Financial Commission’s Growing Member List
The Financial Commission, a group that helps traders and brokers solve problems, announced that IUX Markets has joined as a new member. By joining the commission, IUX Markets shows it wants to help customers by working with the commission to...