Trive Africa Launches CFD Trading Services For MENA Clients
Trive Africa has announced the launch of contracts for difference (CFD) trading services for clients in the Middle East and North Africa (MENA) region. This new offering is made possible through Trive International, a regulated entity in the British Virgin...
U.S. Files Charges Against Two Russians in Crypto Exchange Money Laundering Scheme
The U.S. government has accused two people of operating a money laundering scheme worth billions of dollars, as stated by the Department of Justice (DOJ). The agency announced that law enforcement worked with international partners to break up a worldwide...
Wild Forest Launches Major Update To Its Lord Staking System
The creators of Wild Forest have revealed a major update to the Lord Staking System. They noted that the new updates will gradually take effect in the coming weeks to reward players who are involved in staking. According to the...
Robinhood Considers Entering Stablecoin Market Amidst Revolut’s Move
American zero-commission broker Robinhood is contemplating the launch of stablecoins, following a similar move by Revolut. A spokesperson for Robinhood stated that the company has “no imminent plans to launch this offering,” but did not completely dismiss the report. Robinhood...
Bank Of America Introduces Account That Supports Parents To Teach Kids Financial Skills
Bank of America (BoA) has unveiled a new solution to support parents in helping their children start their financial journey. The bank’s SafeBalance Banking® for Family Banking offers parents tools and resources to teach their children healthy money habits in...
FAB Completes Successful Pilot Of Programmable Payments With JPM Coin
First Abu Dhabi Bank (FAB) has completed a pilot project involving programmable payments using JPM Coin, according to a press release issued by the bank. The pilot was conducted in collaboration with Onyx, a blockchain-based platform developed by J.P. Morgan....
Chime Taps Morgan Stanley For Leadership In Upcoming IPO
Chime Financial is reportedly planning to select Morgan Stanley to lead its initial public offering (IPO), which is set for 2025. Chime has yet to officially confirm these reports, as the company declined to comment when reached. Similarly, Morgan Stanley...
Robinhood Plans To Launch Stablecoin To Compete With Tether
Robinhood is now thinking about introducing stablecoins, according to a report. However, a spokesperson for Robinhood noted that the company has no immediate plans to roll out this offering, but it did not deny the report. Robinhood started as a...
US Charges Two Russian Nationals In Billion-Dollar Money Laundering Scheme
The US government has charged two Russian nationals for allegedly running a money laundering scheme worth billions of dollars. This operation has been disrupted by law enforcement agencies, who seized websites linked to illegal cryptocurrency exchange activities. According to the...
eToro Acquires The Australian Investing App Spaceship For $55 Million
eToro, a popular trading and investing platform, has revealed its plans to buy the Australian app Spaceship. The deal is worth up to AUD 80 million ($55 million). It shows that eToro wants to grow in the savings market and...
NordFX Launches Fast And Reliable Automated Crypto Withdrawal System
NordFX says it now offers automated withdrawals. This means clients can access their money quickly without delays. This new feature is an upgrade for the company as it keeps working to offer better services to traders everywhere. The new system...
FxPro UK Reports Strong Financial Recovery For 2023
FxPro UK, a retail broker based in London, has reported its financial results for the year ending December 2023. The report, published by Companies House UK, indicates that the company has returned to profitability, aided by a significant increase in...
CySEC Introduces New Regulations For Companies Offering Fractional Shares
The Cyprus Securities and Exchange Commission (CySEC) has introduced new regulations for investment firms offering fractional shares. The aim is to clarify when these investments qualify as direct share ownership under the European Union's MiFID II. This update seeks to...
Dubai’s Regulator VARA Adds Stiffer Requirements To Its Crypto Rules
Dubai's Virtual Asset Regulatory Authority (VARA) has announced plans to place tougher requirements on firms that operate in the cryptocurrency investment sector. According to the regulator, the promotional materials of these companies must henceforth include a disclaimer as a means...
Kraken Begins Crypto Sponsorship Deal With RB Leipzig
Kraken, a leading cryptocurrency exchange, has entered into a sponsorship deal with German Bundesliga football club RB Leipzig. According to the company, this partnership is focused on increasing crypto adoption among German football fans. The sponsorship will allow fans to...