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Europe's Economic Crossroads: Recession Fears and S&P Global's
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Retail FX
FX Ponzi Scheme Deceived 1,500 Individuals with False Promise of 325% Returns
2023-06-27T13:45:18.788+02:00
About $70 million was used for Ponzi-lile payments.
The scheme primarily targeted Haitian-Americans.
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Institutional FX
FINRA Slaps $900k Penalty on Credit Suisse's US Subsidiary
2023-06-26T10:54:26.074+02:00
FINRA has sanctioned the US subsidiary of the Swiss giant.
Accusations included inaccurate trade reports.
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CryptoCurrency
Bankrupt Bittrex to Begin Customer Payouts despite US Objections
2023-06-14T12:12:43.609+02:00
The withdrawal process will start on Thursday, 15 June.
However, US says Bittrex should pay penalties and settlements first.
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CryptoCurrency
From Silicon Valley to London: Winklevoss Twins Plot Crypto Pivot
2023-05-25T10:01:02.078+02:00
Facing tough US regulations, the Winklevoss twins consider relocating the Gemini exchange to the UK.
Previously, due to this reason, the company has cut employment three times.
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CryptoCurrency
Gemini Foundation Takes Flight with New Crypto Derivatives Platform outside US
2023-04-24T11:28:47.248+02:00
Gemini will offer crypto derivatives trading outside of the country.
A rising number of crypto exchanges are moving their services due to the regulatory pressures in the US.
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Institutional FX
90% of Market Participants See Elevated Risk in Moving to T+1 Settlements
2023-03-23T11:06:00.655+02:00
The US decided to move from T+2 to T+1 settlements in May 2023.
According to the UK's market players, it may increase the risk of trade failures and penalties.
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Retail FX
US Judge Dismisses Robinhood's Shareholder Lawsuit over 2021 IPO
2023-02-13T12:44:17.416+02:00
Robinhood was alleged to have provided false information.
However, the US judge rejected the plaintiffs' accusations.
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Retail FX
Monex Introduces US Stock Margin Trading in Japan after Delay
2023-01-17T11:45:48.456+02:00
The Japanese company expands its current US equities offering.
The launch was delayed due to initial system problems.
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Institutional FX
HKEX Opens Office in New York, Plans to Launch in Europe
2022-12-21T11:57:44.751+02:00
Roger McAvoy will lead the new office in the United States.
HKEX also plans to start its European bureau soon.
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Institutional FX
Nasdaq Ends 2022 with 70% of the Largest Global IPOs
2022-12-15T16:18:52.055+02:00
Nasdaq welcomed 156 IPOs in 2022.
However, the global IPO market has significantly slowed in the last 12 months.
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Retail FX
TRADE.com Owner Gets FINRA License, Expands to US Market
2022-12-07T14:07:43.619+02:00
FINRA granted TRADE.com a broker-dealer license.
The broker is regulated in five different jurisdictions.
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Retail FX
175,000 Retail Traders Traded Forex in the US in Q2 2022
2022-10-25T17:52:59.715+02:00
The retail FX market in the US has consolidated in the past few years.
The number of traders placing currency bets is still high, above pre-pandemic levels.
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CryptoCurrency
Broker OANDA Rebrands, Launches Crypto Trading Service in US Market
2022-10-21T00:34:31.880+02:00
The crypto trading function was launched in partnership with Paxos.
Customers to trade crypto alongside forex portfolios from the OANDA mobile app.
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Retail FX
eToro to Acquire Gatsby for $50M to Extend Option Trading to the US
2022-08-17T20:24:41.949+02:00
Gatsby's team including Co-Founders to become part of Israel-based eToro.
eToro recently terminated its plan to merge with FinTech Acquisition Corp. V.
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CryptoCurrency
FTX US to Acquire Embed to Provide White Label Brokerage Services
2022-06-21T19:40:42.494+02:00
The firm did not disclose the price of the acquisition.
FTX US to expand its financial services to US customers.
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FinTech
PayPal: US Consumers Can Now Buy and Pay Later over Several Months
2022-06-15T17:16:16.213+02:00
Customers can make purchases between $199 and $10k.
Purchases are backed by the PayPal Purchase Protection.
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Institutional FX
US SEC Fines TradeZero America $100k for Meme Stock Deception
2022-05-24T22:19:50.003+02:00
The SEC fined the Co-Founder, Daniel Pipitone $25k.
The agency said the case “sends a powerful message.”
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Thought Leaders
Esperio: Banks and Air Carriers are Trying to Bail Out Markets
2022-05-19T10:53:37.353+02:00
Inflation fears are setting strong negative sentiment, but the market is trying to rebound
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CryptoCurrency
The Use of Cryptocurrencies in the United States Is Forecasted to Rise by 70% in 2022
2022-04-24T12:15:16.984+02:00
3.6 million people are forecasted to pay for goods with cryptocurrencies this year.
Germany has been chosen as the most crypto-friendly country in Q1 of 2022.
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Matti Williamson
News
Global Users of Coinbase Cross 73 Million
2021-12-16T09:45:19.794+02:00
The exchange saw an increase in requests from law enforcement agencies in 2021.
84% of the requests were from the US, the UK and Germany.
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News
Cryptocurrency Adoption Increases despite Uncertainty in the US
2021-08-12T14:19:38.000+02:00
The total market cap of digital currencies increased by nearly $700 billion in the last three weeks.
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News
Technology Provider NCR to Acquire Crypto Firm LibertyX
2021-08-04T09:55:10.000+02:00
The financial terms of the transaction were not disclosed.
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News
PayPal Raises Weekly Cryptocurrency Purchase Limit to $100,000
2021-07-16T07:36:01.000+02:00
The company is planning to enhance its crypto services in the future.
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News
Visa Introduces Its Tap to Phone Pilot in the US
2021-06-17T10:12:05.000+02:00
The company is planning to support the black-owned small businesses in the region.
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Thought Leaders
President Biden’s Foreign Policy: Expected Impact on Forex Markets
2021-04-28T11:25:09.000+02:00
President Biden’s foreign policy directives are going to have a massive influence on the way traders trade.
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See more
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