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Citi Introduces FX Vendor Review, Emphasizing Connectivity and Governance in the Sector
- The review evaluates vendors on nine criteria such as functionality, stability, and governance.
- Clients seeking new vendors have reportedly declined, dropping from 51% in 2022 to 19% in 2024.
Monday, 29/07/2024 | 14:08 GMT by
Jared Kirui
OKX Enhances Crypto Trading with New Pre-Market Futures Product
- The new feature allows traders to engage with upcoming tokens ahead of their official market debut.
- OKX's pre-market futures feature aims to offer lower fees than major P2P-based pre-market products.
Monday, 29/07/2024 | 13:02 GMT by
Jared Kirui
Donald Trump Woos Bitcoin Community: "Make US Crypto Capital of the Planet"
- Addressing the Bitcoin 2024 Conference, Trump has vowed to fire SEC's Gary Gensler and block the adoption of CBDCs if he wins the elections.
- Once dismissive of Bitcoin, Trump now supports the cryptocurrency and has reportedly amassed approximately $4 million in Bitcoin donations for his campaign.
Saturday, 27/07/2024 | 22:16 GMT by
Jared Kirui
Weekly News Digest: Full Round-Up of Top Stories
- Among the week's top highlights: Revolut finally obtained a license in the UK, as one of the big forex and CFD top brands joined the prop trading bandwagon. Also, one of the top Wall Street bitcoin miners was fined $138 million.
Saturday, 27/07/2024 | 12:38 GMT by
Jared Kirui
Stripe and Sage Collaborate to Enhance Payments among Small Businesses in the UK
- Sage aims to offer its customers a solution to improve their financial processes, including features like checkout and tap-to-pay.
- The collaboration introduces various payment methods, including digital wallets, cards, and bank transfers.
Friday, 26/07/2024 | 14:38 GMT by
Jared Kirui
Paysafe and Alchemy Pay Team Up to Allow Customers Buy Crypto with Bank Accounts
- Alchemy Pay will integrate Paysafe's digital wallets and other local payment methods.
- Paysafe's open banking solution will now be used by Alchemy Pay in the UK and 15 European countries.
Thursday, 25/07/2024 | 19:48 GMT by
Jared Kirui
Robinhood Expands Features with Joint Investing Accounts
- These accounts aim to merge individual accounts, allowing both users to share access, manage investments, and transfer funds.
- Robinhood highlighted some of the benefits, including a 1% deposit boost and a 5% APY on uninvested cash.
Thursday, 25/07/2024 | 16:20 GMT by
Jared Kirui
Nasdaq-Listed Bitcoin Miner Marathon Digital Buys $100M BTC, Citing Institutional Adoption
- The company has also announced a new strategy to retain all its mined bitcoin and make periodic open market purchases.
- Marathon Digital mentioned that this decision aligns with the heightened institutional support and an improving macro environment.
Thursday, 25/07/2024 | 13:14 GMT by
Jared Kirui
Mastercard Gets in the Driver's Seat with McLaren Racing's Formula 1 Partnership
- The deal will feature the company's branding on McLaren's cars and team apparel starting this year.
- The partnership aims to provide exclusive event access and experiences for Mastercard cardholders to enhance fan engagement.
Wednesday, 24/07/2024 | 17:12 GMT by
Jared Kirui
Interactive Brokers Enhances Financial Tools with Retirement Planning Capabilities
- The new retirement planner allows users to input detailed financial data and assess their readiness for retirement.
- The updated Portfolio Analyst tool supports a broad range of accounts and links with over 15,000 financial institutions.
Wednesday, 24/07/2024 | 16:16 GMT by
Jared Kirui
Fireblocks Joins Forces with Mesh to Optimize Digital Payments
- The integration of Fireblocks' platform with Mesh's connectivity solutions is intended to optimize payment flows.
- The partnership is also expected to boost the adoption of digital asset services by making them more accessible and functional.
Tuesday, 23/07/2024 | 18:23 GMT by
Jared Kirui
Tickmill's Chief Business Development Officer Carla Nemr Departs After 8 Years
- Nemr joined Tickmill in 2017 as the Head of Global Business Development and was later promoted to Chief Business Development Officer.
- She has worked for other industry brands, including FXTM Amana Capital and Falcon Brokers.
Tuesday, 23/07/2024 | 16:52 GMT by
Jared Kirui
WazirX $230M Crypto Hack Shakes India's Crypto Scene: “Horrifying Situation”
- According to crypto users on X, the WazirX hack, which has left many users in India counting losses, can only be described as alarming.
- The exchange is offering 10% of the recovered amount as a bug bounty, totaling up to $23 million.
Tuesday, 23/07/2024 | 16:33 GMT by
Jared Kirui
UK's FX Market Soars 14% in April, Driven by Rising Swap Trades
- Bank of England's survey showed a daily turnover of $3,351 billion in April 2024, an 11% increase from April 2023.
- FX swaps accounted for 45% of the total trading volume in April 2024, followed by FX spot trading at 29%.
Monday, 22/07/2024 | 18:47 GMT by
Jared Kirui
AMF and Banque de France Push for Coordinated T+1 Settlement Transition in the EU
- A two-phased approach has been proposed for the transition.
- Initially, all securities trades should be confirmed and allocated by the end of the trade date within the current T+2 environment.
Monday, 22/07/2024 | 16:55 GMT by
Jared Kirui
Ebury Picks Goldman Sachs for £2 Billion IPO in the UK: Report
- The firm's IPO is seen as a crucial test for London's capital markets, especially after the disappointing performance of similar Payment listings.
- Sources familiar with the matter suggest that the IPO could take place in the first half of next year.
Monday, 22/07/2024 | 15:04 GMT by
Jared Kirui
Mt. Gox Conducts Test Transactions on Bitstamp Ahead of Bitcoin Repayments: Report
- Arkham Intelligence reportedly flagged on-chain fund movements and test transactions to Bitstamp cold wallets.
- Mt. Gox has distributed more than 36% of the Bitcoin owed to creditors, with the exchange address holding over 90,300 Bitcoins.
Monday, 22/07/2024 | 14:06 GMT by
Jared Kirui
UK's Court Rules against Billionaire Quant Trader Alex Gerko in £22.5M Tax Dispute: Report
- Bloomberg reported that the appeal judges ruled that Gerko and other traders at GSA Capital Partners must pay income tax on their share of trading profits.
- Gerko has criticized the ruling, calling the tax laws complex and unreasonable, and plans to challenge the judgment.
Monday, 22/07/2024 | 12:51 GMT by
Jared Kirui
FINRA, eToro, IG Group, and More: Executive Moves of the Week
- This week, the number of executive moves significantly dropped compared to the previous busy week. Still, notable appointments, promotions, and exits were witnessed in the fintech, regulation, forex, and proprietary trading sectors.
Sunday, 21/07/2024 | 06:00 GMT by
Jared Kirui
Top Stories of the Week: Comprehensive News Recap
- This week, one proprietary trading firm closed down, while another temporarily halted its activities. The CySEC chairman declared that "Prop Trading Will Fall under Robust Regulation". A major retail brokerage firm has been put up for sale. Also, find out the impact of Trump's assassination attempt on crypto.
Saturday, 20/07/2024 | 12:21 GMT by
Jared Kirui
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