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Revolut Maps $100 Billion Revenue Target With US Banking Pivot
- CEO Nik Storonsky signals a potential new push for US banking license, acknowledging past regulatory approach was flawed.
- The fintech giant aims for ambitious growth, targeting 100 million customers and $100 billion in revenue.
Thursday, 21/11/2024 | 07:32 GMT by
Damian Chmiel
Wall Street Bitcoin Miner CEO's $2M Casino Gamble Ends in Federal Indictment
- Former BIT Mining CEO faces federal charges for orchestrating a $1.9 million bribery scheme targeting Japanese officials.
- The BTC mining company has agreed to pay $14 million in penalties and entered a three-year deferred prosecution agreement.
Tuesday, 19/11/2024 | 08:09 GMT by
Damian Chmiel
Wall Street Gets New Window Into Options Market with BMLL's Latest Move
- BMLL Technologies expands its data offering by adding six years of OPRA options data to its platform.
- This expansion comes on the heels of BMLL's recent $21 million strategic investment.
Tuesday, 19/11/2024 | 08:00 GMT by
Damian Chmiel
Weak Dollar Pushes US Forex Deposits to Lowest Levels in 2024
- Retail Forex obligations fell to $526.8 million, marking the third consecutive monthly decrease.
- Only Charles Schwab and Gain Capital managed to grow their deposits, while Interactive Brokers saw substantial declines.
Thursday, 14/11/2024 | 10:22 GMT by
Damian Chmiel
Why VCs Can't Stop Throwing Money at US Startups
- The US dominated global venture capital activity with over 55% share of high-value deals in Q1–Q3 2024, totaling $48.4 billion.
- China followed distantly with 48 deals worth $14.2 billion, demonstrating the significant gap between the two markets.
Wednesday, 06/11/2024 | 10:46 GMT by
Damian Chmiel
What Trump's New Crypto Project Plans with a Dollar-Backed Stablecoin
- World Liberty Financial, backed by the Trump family, is reportedly developing its own "stable" cryptocurrency.
- The move comes after the WLFI entry into the crypto space last month has fallen short of expectations.
Tuesday, 05/11/2024 | 10:25 GMT by
Damian Chmiel
200,000 People Lost $650 Million in This Crypto Scam
- NovaTech used an MLM scheme to lure investors from around the world, promising high returns.
- The SEC also fined OTC Link LLC $1.19M for failing to file Suspicious Activity Reports over a three-year period.
Tuesday, 13/08/2024 | 06:31 GMT by
Damian Chmiel
Archegos Founder Found Guilty in $36B Fraud Case, Faces Up to 20 Years in Prison
- Jury convicts Bill Hwang and CFO Patrick Halligan on multiple charges related to 2021 market meltdown.
- Archegos' actions cost major banks and investors nearly $100 billion in shareholder value.
Thursday, 11/07/2024 | 09:37 GMT by
Damian Chmiel
Forex Deposits in the US Hold Steady at Multi-Month Highs
- A modest correction of 0.3% interrupted a streak of four consecutive months of growth.
- Interactive Brokers saw the strongest deposit increase, trying to catch up to GAIN Capital in the top spot.
Thursday, 20/06/2024 | 13:41 GMT by
Damian Chmiel
You Will Earn the Most in These Two Financial Technology Sectors, Survey Finds
- The fintech industry has seen significant changes in hiring and salaries, according to Harrington Starr.
- Cyber security and IT are two places that attract the most people due to their high earnings.
Thursday, 13/06/2024 | 13:09 GMT by
Damian Chmiel
Prop Trading in the US: A Side-by-Side Review of How Higher Leverage Attracts Traders
- Finance Magnates examined E8 Markets, Earn2Trade, MyFundedFX, and Smart Prop Trader.
- All four come from North America, the most developed proprietary trading market.
Thursday, 30/05/2024 | 13:40 GMT by
Damian Chmiel
Can the US and EU Find Common Ground in Tech?
- A transatlantic tech tug-of-war.
Monday, 27/05/2024 | 15:00 GMT by
Pedro Ferreira
Cheetah Fund Investors Lose $9 Million in Alleged Fraudulent Scheme
- Craig Allen could have misappropriated at least $2.64 million from the fund and its investors.
- The Commission seeks penalties and a bar against his participation in the securities market.
Thursday, 25/04/2024 | 08:09 GMT by
Damian Chmiel
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