Bitcoin Production is High, But Companies Still Face Imminent Price Cut
The Bitcoin mining market saw a little drop last month when compared to the figures the previous months, according to recent data. An analysis from investment bank Jefferies noted that miners’ margins were affected due to a drop in the...
Smart Trade Technologies Operating Profit Increases By 100% In Fy24
Smart Trade Technologies has shared its financial performance for the last fiscal year. The company said sales, profits, and revenue increased during the period. It also reported a huge £2.2 million in operating profits. This amount is two times more...
Singapore Fund Manager Goes All-In On Tech Amid ASEAN Boom
Valverde Investment Partners, an investment company that was recently established, has chosen Broadridge Financial Solutions (NYSE: BR) to upgrade its technology infrastructure. The Singapore-based firm wants to take advantage of the increasing focus on Southeast Asian markets The alliance will improve...
Jan Stechele Announces His Departure From N26
N26 has announced some management changes that will take effect at the end of Q3 2024. According to the company, its Chief Regulatory Officer, Jan Stechele, will be stepping down from his role in the firm before the end of...
IREN Sees 145% Revenue Surge As Bitcoin Mining Expands
IREN (NASDAQ: IREN) has joined the ranks of publicly traded Bitcoin (BTC) miners on Wall Street. Over the past year, it saw a significant rise in revenue, thanks to the increase in cryptocurrency prices. For the fiscal year ending June...
Mastercard Backs PayU To Introduce New Cross-Border Payment Solutions
PayU, a major digital payments firm backed by Prosus, has now unveiled new payment solutions. The company said these solutions will assist merchants with cross-border support and issuer authentication. Mastercard assisted PayU in launching these solutions at the 2024 Global...
UP Fintech Reports $87 Million In Revenue And $106 Billion In Trading Volume For Q2
UP Fintech Holding Limited revealed its earnings for the second quarter, which ended on June 30, 2024. The company posted total revenues of $87.4 million, indicating strong growth from the same quarter last year. This increase points to the firm’s...
FTX Former Executive Backs Out Of Plea Deal As Partner Faces Scrutiny
Ryan Salame, the former executive of FTX who received a 7.5-year sentence in May, has withdrawn his legal plea to a New York court. He had asked that the court should make sure the terms of his plea agreement were...
Communify Completes Purchase Of Fincentric From S&P Global
Communify, a company from Just Build It (JBI) led by the founders of InvestCloud, is joining forces with Stellex Capital Management. This partnership aims to allow Communify to buy Fincentric, which was previously known as Markit On Demand. Fincentric is...
Texas Comptroller Identifies NatWest As Energy Boycotter
Texas authorities have placed NatWest Group on an increasing list of financial institutions believed to be involved in a "boycott" of energy firms. This move could potentially restrict the UK bank's operations in the oil-rich US state. The high street...
Ricardo Ghiglino Named Head of Tech Delivery at IG Group
IG Group has named Ricardo Ghiglino as the Head of Europe and Emerging Market Tech Delivery. Ghiglino shared the news in a LinkedIn post. Before this new position, he was the Head of ETP Delivery for over a year. Ricardo...
Newcastle United And VT Markets Kick Off New Alliance At J League
VT Markets, an international broker, has revealed that it has teamed up with Newcastle United, an English football team. A specially designed jersey with the number ‘77’ has been showcased to honor this partnership. The company said the number ‘77’...
Bybit Takes Charge In Argentina With Complete Digital Assets
Bybit has shared that it is now operating in Latin America. The company has been authorized as a card operator and a Virtual Asset Service Provider (VASP) in Argentina. This means Bybit is among the first to give all kinds...
Sling Money Receives $15 Million In Latest Funding Round
Sling Money, an application that offers an instant, easy, and affordable way to transfer funds, has secured $15 million in a Series A funding round. Union Square Ventures, Slow Ventures, and Ribbit Capital led the investment round. The mobile application...
Funds For Traders Shuts Down Prop Trading Operations
The instability in proprietary trading has caused another setback. Funds For Traders has informed its users that it will stop operations. The firm attributed the service halt to Eightcap's choice to end support for MetaTrader 5 and MetaTrader 4 platforms....