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Kraken Recruits Stephanie Lemmerman as Chief Financial Officer
- Lemmerman has a strong background in fintech and crypto, having previously served as CFO at Dapper Labs.
- Outgoing CFO Carrie Dolan will reportedly support Lemmerman through a transitional period.
Thursday, 31/10/2024 | 20:40 GMT by
Jared Kirui
Match-Trader Rolls Out Trading Tournaments, Expands Social and Payment Options
- Brokers can reportedly utilize these tournaments to attract new users and retain active traders.
- Match-Trader added support for new tokens like USDC BASE, ETH BASE, and BTC BEP20.
Thursday, 31/10/2024 | 17:56 GMT by
Jared Kirui
BGC Group Reports 16% Revenue Growth, Discloses Recent Acquisition Deals
- The company reported a significant increase in pre-tax adjusted earnings, which rose by over 24%.
- BGC is shifting its focus towards energy and commodity markets, following recent acquisitions.
Thursday, 31/10/2024 | 15:06 GMT by
Jared Kirui
Darwinex Zero Unveils Permanent Allocation Model for Long-Term Trading
- Traders can reportedly set a personal performance goal on the new platform, and once they reach it, the allocation becomes permanent.
- The firm mentioned that the model eliminates time constraints and frequent resets.
Thursday, 31/10/2024 | 13:21 GMT by
Jared Kirui
XTB Reports 67% Revenue Growth in Q3, Net Profit Nearly Doubles
- The company's consolidated net profit for the third quarter was more than PLN 200 million.
- Operating expenses for the quarter increased to PLN 208.5 million, reportedly due to higher salaries, marketing costs, and commissions.
Wednesday, 30/10/2024 | 20:04 GMT by
Jared Kirui
Social Media Fraud Soars 28% amid Rising AI Tactics
- AU10TIX’s Q3 report highlighted that AI capabilities allow criminals to automate identity theft on a large scale.
- However, fraud rates in the payments sector have declined, dropping from 52% in Q2 to 39% in Q3.
Wednesday, 30/10/2024 | 18:34 GMT by
Jared Kirui
Coinbase Introduces Instant Crypto Deposits with Visa Debit Cards
- This new feature seeks to eliminate delays in transfers by enabling users to buy, sell, or trade crypto in real-time.
- It allows Visa debit cardholders to integrate their cards with Coinbase.
Wednesday, 30/10/2024 | 16:59 GMT by
Jared Kirui
Return to the Trading Desk? 35% of Internet Users Wish to Disappear from the Web
- NordVPN and Incogni's survey noted that the main concern driving this trend is financial data security, with 45% of respondents citing fear of hacking.
- Millennials and Gen Z are the most inclined to want to disappear from the web.
Wednesday, 30/10/2024 | 13:54 GMT by
Jared Kirui
CME's Futures Commission Merchant Approval Raises “Conflicts of Interest” Concerns
- The Financial Industry Association (FIA) has expressed concerns that this approval may increase systemic risks.
- FIA cited the consolidation of multiple market functions within a single organization.
Tuesday, 29/10/2024 | 20:24 GMT by
Jared Kirui
Binance Unveils Wealth Management Platform for High-Net-Worth Investors
- Wealth managers using Binance Wealth can reportedly oversee client onboarding, including the submission of KYC documents.
- The platform supports a range of cryptocurrencies besides Bitcoin and Ethereum.
Tuesday, 29/10/2024 | 18:14 GMT by
Jared Kirui
CySEC Halts FXOpen EU Sole Shareholder's Voting Rights, Allows Six Months to Restructure
- The regulator mentioned that Aliaksandr Klimenka’s influence as the firm's sole indirect shareholder could potentially undermine its ability to manage itself prudently.
- The six-month grace period is intended to allow FXOpen EU Ltd sufficient time to restructure its governance.
Tuesday, 29/10/2024 | 15:03 GMT by
Jared Kirui
StoneX Expands Operations in India, Joins International Bullion Exchange
- The company established offices in Bangalore and Pune to tap into India’s financial services sector.
- StoneX is also focussing on facilitating the trading of precious metals in the region.
Monday, 28/10/2024 | 18:39 GMT by
Jared Kirui
Global Insurance Rates Decline for the First Time Since 2017, Financial Lines Down 7%
- A report by insurance broker Marsh showed that the rate decline is due to growing competition, especially in property insurance.
- Financial and professional lines experienced a 7% decrease in rates.
Monday, 28/10/2024 | 13:55 GMT by
Jared Kirui
Kama Capital, Hantec Markets, Liquidnet, and More: Executive Moves of the Week
- Also, Liquidnet and OMOA welcomed a new Head of Latin America and Chief Operating Officer for the retail division, respectively. In prop trading, BDSwiss’ former CRO launched a new startup.
Sunday, 27/10/2024 | 06:00 GMT by
Jared Kirui
Weekly Summary: ATFX Enters Prop Trading, BRICS Explores Blockchain Payments, and More
- In other stories, FCA flagged 38 influencers, Swissquote enabled fractional share trading, and two prop firms and ThinkMarkets were added to the warning list in India.
Saturday, 26/10/2024 | 03:00 GMT by
Jared Kirui
Bitcoin Gets Legal Backing in Pennsylvania as House Passes Crypto Bill
- The bill received strong bipartisan support in the Pennsylvania House of Representatives, passing with a vote of 176 to 26.
- It focuses on the self-custody of digital assets and the use of Bitcoin as a payment method.
Friday, 25/10/2024 | 13:49 GMT by
Jared Kirui
UP Fintech Completes American Depositary Shares Offering, Eyes Global Expansion
- The company raised funds through the sale of American Depositary Shares, priced at $6.25 per ADS.
- The proceeds from the offering will reportedly be used to strengthen UP Fintech's capital reserves and support business development initiatives.
Thursday, 24/10/2024 | 21:46 GMT by
Jared Kirui
Prop Firm TradersYard Shifts Focus from Social Network to Trading Challenges
- The firm believes that this new focus will simplify operations and align more closely with its expertise.
- TradersYard also plans to repurpose existing work from the social network.
Thursday, 24/10/2024 | 16:12 GMT by
Jared Kirui
Montreux Capital Acquires FX Firm GC Partners
- GC Partners reportedly processed more than $12.5 billion in foreign currency transactions last year.
- The acquisition is driven by GC Partners' platform, which facilitates cross-border transactions for private, corporate, and investment clients.
Thursday, 24/10/2024 | 13:15 GMT by
Jared Kirui
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