Markets

Bybit has published its first report on The Open Network (TON) system. This report reveals the efforts of TON to bring in almost a billion Telegram users to web3. The report provides details on TON’s approach to developing the ecosystem,...

The Financial Commission (FinCom) has announced that Orfinex is no longer its member. The external dispute resolution body stated that the decision to expel Orfinex was reached after several breaches of its rules and regulations by the company. According to...

The Financial Conduct Authority (FCA) and the UK Treasury have raised alarms concerning an upcoming scam refund plot that could cause big problems for the financial industry. The Payment Systems Regulator (PSR)'s new policies, which will be effective on October...

MultiBank Group has announced its financial results for 2023, showing a 10% increase in its revenue to $306.6 million compared to the previous year. According to the announcement, the company registered $180 million as its net income, indicating a 26%...

Fhenix is looking to speed up the adoption of its expanding ecosystem by rolling out two new programs. The two bounty and grant programs were launched to offer support and incentives to projects and developers who want to build their...

Bitfarms has announced the expansion of its operations in the US following the acquisition of Stronghold Digital Mining. The acquisition is a $125 million deal that involves a stock-for-stock merger. According to the announcement, the acquisition also includes a $50...

Molten Ventures, a fintech venture capital firm has announced that its stake in Revolut has increased. The firm’s £7 million investment rose to £160 million after the latest share sale which valued the SuperApp at $45 billion. Last June, Molten...

PayPal Holdings, Inc. recently announced that it is expanding its global partnership with Adyen, a top financial technology company. As part of this partnership, Adyen will use PayPal’s Fastlane to speed up guest checkouts for its large business and marketplace...

State Street and Cryptocurrency company Taurus have teamed up to expand the former’s digital asset services. The partnership will include the development of tradable tokens from real-world assets. The crypto industry is increasingly gaining more recognition in the mainstream financial...

Swiss-based financial app Brighty App is extending its business to Montenegro. The company said it has set its sights on the Western Balkans region and intends to expand into the UK in the future. Brighty said the move is part...

Devexperts, a financial software developer, has appointed Anthony Mervin as the firm’s Vice President of Sales and Business Development for APAC and Australia. With more than 25 years in financial technology sales, Mervin is skilled in investment data, quantitative systems,...

Trade Nation, which gives out options for spread betting and Contracts For Difference (CFD), saw its UK revenue drop, resulting in a £2.2 million loss. The company gives trading services worldwide, with offices in the UK, South Africa, Seychelles, Bahamas,...

Payment network TerraPay has created a 'Wallet Interoperability Council' with five top payment firms to support collaboration in cross-border transactions The council's founding members are Airtel, Sama Money, bKash, Nequi, and MPESA. These companies cater to many wallet users across...

Japanese company, Metaplanet has acquired ¥500 million ($3.4 million) in Bitcoin, increasing its total holdings to ¥3.45 billion. Metaplanet shared the news in a on August 20, stating it had bought 57.273 BTC at an average cost of ¥8,730,117 (about...

Israeli retail broking giant Plus500 has stated that it will continue its share buyback program. The firm, listed on the London Stock Exchange, said it has set aside $110 million, comprising a special buyback program of $74.6 million and an...