SpeedTrader Sees Huge $165,000 Fine For Inadequate Controls
The Financial Industry Regulatory Authority (FINRA) has fined SpeedTrader Inc. $165,000 for not properly supervising trading activities that could be manipulated. The authority also accused the company of not upholding adequate market access control. SpeedTrader has agreed to pay the...
Marathon Digital stock drops 8% after $138 Million penalty
Marathon Digital Holdings (MARA) saw its stock value decrease by up to 8% in after-hours trading on August 1, 2024. This reduction came after the company disclosed that its income for the second quarter did not meet the expectations set...
Deutsche Bank Announces The Appointment Of A Head Of Market Data Methodology
Deutsche Bank has appointed Alexis Fauth as its Head of Market Data Methodology. The foreign exchange and data science specialist has several years of experience at major companies, including at Tradefeedr FX and Citi. He also had a two-year stint...
Hong Kong’s ZA bank rolls out the new “Walk To Earn” Program
Hong Kong-based ZA Bank recently took financial fitness to a new level by introducing a new program called Walk To Earn. The move comes of the bank’s new campaign to allow users to earn bonus savings rates by walking and...
Aviva Secures US$5.5 Million To Strengthen Its Presence In Mexico
Aviva is a fintech company that focuses on microbusinesses and personal financing. The firm has revealed that it has secured $5.5 million in an overfunded investment round, a kind of round where investors contribute more than what the company asked...
CleanSpark Expands to Third US State with Wyoming Mining Acquisition
CleanSpark, the second-largest Bitcoin producer on Wall Street by market value, has recently announced that it has signed power contracts for 75 megawatts (MW). It has also bought its first Bitcoin mining site in Wyoming. This expansion adds a third...
Forex Spot Volume Hits High In July With Yen And Dollar Leading The Way
In July, the foreign exchange market experienced a lot of volatility, especially with the Japanese yen and the falling US dollar. Because of this, the average daily volumes (ADV) of the biggest institutional players in the sector went up compared...
eToro Launches Solana And Ethereum Staking Services
eToro, a trading and investing platform, announced that it has started staking services for Ethereum (ETH) and Solana (SOL). This new feature lets users gain rewards by joining in staking activities. People who stake coins on eToro earn extra rewards...
FTMO Reports $213 Million Turnover For 2023, Setting New Records
FTMO, a leading prop trading brand set to launch a brokerage, reported a turnover of nearly CZK 5 billion (over $213 million) in 2023, up 20% from the previous year’s CZK 4 billion (about $170 million). The company's EBITDA also...
Wells Fargo Welcomes Kerrins In New Gen AI Leadership Role
Wells Fargo has hired a new technology leader and moved current Chief Information Officer Tracy Kerrins to a newly formed Generative AI team. The bank has appointed Bridget Engle from BNY and put her in charge of all technology within...
Ransomware Disrupts Payment Systems for 300 Small Banks in India
A report has revealed that India's small banks have been hit by a ransomware attack, making nearly 300 lenders go offline. The attack targeted C-Edge Technologies, a main provider of banking technology. This event has cut these banks off from...
Deutsche Börse Backs Primary Portal’s £7.5 Million Funding Round
Primary Portal, a website that brings together and converts equity market activities into digital format, has successfully wrapped up the first phase of its £7.5m Series A funding. The funding round was led by DB1 Ventures, the investment branch of...
Terra Blockchain Temporarily Halts Operations After $4 Million Exploit
Terra Blockchain recently halted its activities for a short time before starting up again, after a $4 million breach. This sudden interruption was due to a reentrancy attack that took advantage of a known vulnerability. This led to the theft...
Bitcoin Miner On Wall Street Gains £6.5 Million From Institutional Broker
Bitcoin miner Argo Blockchain, appearing on the Wall Street of London stock exchange, has made known to the public a secret placement alliance with an organizational investor worth £6.5 million. This Agreement is all about the disbursing of 57,800,000 ordinary...
ATFX Expands Its Presence In Asia With New Hong Kong Type 3 License
The Hong Kong Securities and Futures Commission has issued a Type 3 license to ATFX, a renowned brand that offers forex and contracts for differences (CFDs) services. According to the update, ATFX has now strengthened its presence in Asia. By...