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Coinbase’s cbBTC Launches on Solana DeFi, Targeting Bitcoin Gap Left by FTX
- $10 million in cbBTC is allocated for Solana, with early use on platforms like Meteora, Orca, and Kamino.
- cbBTC may position Solana as a DeFi alternative to Ethereum for BTC transactions.
Wednesday, 13/11/2024 | 12:29 GMT by
Tareq Sikder
CySEC Alerts CIFs to UKNF Restrictions on Referral and Affiliate Programmes
- The regulator urges CIFs to comply with the UKNF's October 2023 position on referral practices.
- The UKNF states that only investment firms or their tied agents are authorized to perform client acquisition tasks.
Tuesday, 12/11/2024 | 12:27 GMT by
Tareq Sikder
UK Financial Regulators Introduce New Rules for Critical Third-Party Risks
- The additional authority will enable regulators to oversee third-party services that may impact financial stability.
- The rules align with international standards, such as the EU’s Digital Operational Resilience Act.
Tuesday, 12/11/2024 | 11:01 GMT by
Tareq Sikder
Who Replaces SEC Chairman Gary Gensler? Trump's Team Weighs Candidates
- “Traditionally, presidents decide who chairs the SEC,” Gensler indicated a possible departure.
- Former SEC officials Dan Gallagher, Paul Atkins, and Commissioner Mark Uyeda, all critics of current crypto policies, are potential replacements.
Monday, 11/11/2024 | 15:36 GMT by
Tareq Sikder
CFI Hits $1 Trillion Trading Volume in Q3 2024, Expands in UAE, Azerbaijan
- The firm's client base grew rapidly, with funded accounts up 45.93% and active accounts rising 28%.
- Recently, the firm appointed Formula 1 World Champion Lewis Hamilton as its global brand ambassador.
Sunday, 10/11/2024 | 20:01 GMT by
Tareq Sikder
TradingView Adds ThinkMarkets Services to Mobile App for CFD Traders
- The mobile app now provides traders with access to currency pairs, stocks, and commodities.
- The brokerage has recently launched prop trading services under the brand name ThinkCapital.
Friday, 08/11/2024 | 17:40 GMT by
Tareq Sikder
Ebury Kicks Off as Official FX Partner of C.D. Leganés for Global Transactions
- Founded in 2009, Ebury has over 1,700 employees and operates in 25 countries globally.
- The firm offers services in over 130 currencies, including payments, collections, and business lending.
Friday, 08/11/2024 | 11:48 GMT by
Tareq Sikder
Prop Trading Gains AI Integration with Swiset’s Acquisition of PFT
- The acquisition creates a system that supports traders at all levels of experience.
- Prop firms now have access to a solution with improved decision-making, risk management, and AI analytics.
Thursday, 07/11/2024 | 12:13 GMT by
Tareq Sikder
Financial Commission Approves IUX Markets for Membership and Customer Protection
- As a member, IUX clients gain access to services including protection for complaints up to €20K.
- The Financial Commission offers an independent platform for resolving disputes in forex, CFDs, and crypto markets.
Thursday, 07/11/2024 | 10:22 GMT by
Tareq Sikder
DeFinity Markets and Fireblocks Collaborate for Institutional Crypto and Fiat Trading
- The partnership provides secure cold storage and regulatory compliance for institutional clients.
- Fireblocks’ solutions offer flexibility between bank-backed and Fireblocks-backed options for asset protection.
Thursday, 07/11/2024 | 00:01 GMT by
Tareq Sikder
eToro Survey: 55% of Gen Z Discuss Investments with Friends, Surpasses Boomers
- Gen Z spends 3.7 hours per week on investment research, more than other age groups.
- Investment tips are shared with strangers and colleagues, but less often with romantic partners by Gen Z.
Wednesday, 06/11/2024 | 13:40 GMT by
Tareq Sikder
Hut 8's Cryptocurrency Mining Upgrade Targets 66% Hashrate Growth by 2025
- The firm’s new miners aim to raise its hashrate to 9.3 EH/s, boosting energy efficiency by 37%.
- The company’s cryptocurrency mining upgrade will improve power efficiency to 19.9 J/TH.
Wednesday, 06/11/2024 | 12:52 GMT by
Tareq Sikder
CySEC Extends FTX (EU) Suspension, Prohibiting Investment Services
- The firm is allowed to complete ongoing transactions and return client funds under certain conditions.
- The regulator's new guidelines clarify capital requirements for CIFs starting in early 2025.
Tuesday, 05/11/2024 | 12:17 GMT by
Tareq Sikder
INFINOX Capital Reports £896K Net Profit amid Revenue Drop in 2024
- The company’s gross profit rose to £3.31 million, driven by a reduction in the cost of sales.
- The firm’s profit before tax reached £900K, aided by cost-cutting measures and £15.5K in interest receivables.
Tuesday, 05/11/2024 | 10:26 GMT by
Tareq Sikder
MAP FinTech Integrates Regulatory Solutions with Your Bourse for Brokers
- Brokers gain regulatory and trading support, including risk management, data insights, and tailored APIs.
- Recently, Tools for Brokers integrated MAP FinTech’s reporting solution to enhance its regtech offerings.
Tuesday, 05/11/2024 | 09:44 GMT by
Tareq Sikder
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