Spot FX volumes surge in Asia, Europe, and the US in July
The forex market has seen no shortage of volatility on a global scale in July of this year, especially when it comes to the declining USD and Japanese yen. This led the average daily volume for forex trades in Europe,...
Next Generation and Decta team up to create a new euro stablecoin
Next Generation, an up-and-coming French startup, recently teamed up with an Irish electronic money institution, Decta. The partners intend to create a new euro-pegged stablecoin known as EURT. EURT revived: The new crypto regulations will allow the project to take...
New Changes This Week At IC Markets, NAGA, SquaredFinancial And Equiti
The forex trading space experienced more executive changes than usual, yet there were notable developments within the sector. Significant updates in the industry include Sam Chaney’s departure from NAGA Group and Ameer Alhindi's joining SquaredFinancial as Head of Risk Management....
Exness Introduces Its Most Ambitious Brand Campaign Born To Trade
Exness, one of the biggest online brokers in the world that offers multiple trading assets, has launched its largest global brand campaign yet. This event is known as "Born to Trade." Exness has released a powerful video advertisement revealing the...
Xapo Bank Launches Interest-Bearing Bitcoin Accounts in the UK
Xapo Bank, a digital bank licensed in Gibraltar for cryptocurrency business, has extended its services to the United Kingdom. It is now the first licensed bank in the UK to provide an account that earns interest in both USD and...
EDXM Appoints Former BitGo Exec as APAC Managing Director
Kai Kono recently announced on LinkedIn that he is now the Managing Director and Head of APAC, at EDXM Global. In this role, Kono will lead the company's efforts to grow internationally. Based in Singapore, EDXM Global is supported by...
Freetrade Ceases Its Swedish Market Activities
Stock trading app Freetrade announced that it will leave the Swedish market and concentrate only on its business in the UK. The company intends to tell its customers on Friday that it is ending its operations in Sweden, the only...
French Regulator Accepts CASP Applications Ahead of MiCA Rollout
France's financial markets watchdog, Autorité des marchés financiers (AMF), is now taking applications from cryptocurrency asset service providers (CASPs). This comes six months before Markets in Crypto-Assets (MiCA) rules start. Starting December 30, companies offering any of the ten crypto...
Do Kwon Extradition To South Korea Approved By Montenegro Court
Montenegro's Appeals Court decided on Thursday that Do Kwon, the co-founder of Terraform Labs, must be sent back to his nation, South Korea. This decision followed an April ruling from the High Court of Podgorica which turned down a request...
SME Taskforce Reveals UK Growth Strategy
A taskforce formed in April by the Centre for Finance, Innovation & Technology (CFIT) has published a report with a seven-point agenda. It aims to put the Digital Information and Smart Data Bill at the top of their list. It...
Bybit Ends Operations In France Amid Regulatory Challenges
Bybit, one of the leading crypto exchanges by trading volume, recently revealed that it will stop offering its services to users in France. The exchange stated that the new rules in the country is the reason behind its decision. The...
Elon Musk Criticizes Fed For Delayed Interest Rate Cuts
Twitter (Now X) Chief Executive Officer, Elon Musk, stated that the Federal Reserve must slash interest rates and he thinks it is silly that the United States central bank hasn't done it yet. Musk's comment, which he made after seeing...
The SME Finance Taskforce reveals a series of objectives to improve the UK’s economic growth
The SME Finance Taskforce, formed in April and chaired by the UK’s Centre for Finance, Innovation, and Technology (CFIT), recently released a plan to boost the country’s economy. The idea is to do it by speeding up lending and access...
Easy Pay Transfers Joins M-DAQ Global To Elevate Cross-Border Payment Services
M-DAQ Global, a financial technology company in Singapore, has announced that it has bought Easy Pay Transfers, a business-to-business payments service company based in Malaysia. This move is part of the company's goal to broaden its presence in the ASEAN...
StoneX Advances Global Strategy With Montreal And ASX Memberships
StoneX Group Inc. revealed that its branch, StoneX Financial (Canada) Inc., has been granted Approved Participant status on the Montreal Exchange (TMX). This rank improves StoneX’s financial services network, which now includes more than 40 derivatives exchanges around the world....