Mobile payments are becoming an increasingly popular way to handle and transfer money in today’s digital world. Mobile payments offer the ability to empower people and improve financial education in …
Category: Top Of The Week
Nasdaq to Launch Crypto Custody Services by End of Q2
Five months after launching its digital asset services division, top securities marketplace, Nasdaq, now expects to launch its cryptocurrency custody services by the end of the second quarter of this …
US Prosecutors Charges Do Kwon for Criminal Fraud
New York federal prosecutors have brought criminal charges against Do Kwon, the Co-Founder and CEO of collapsed crypto firm Terraform Labs, only a few hours after his arrest by Montenegro …
Coinbase Expects Enforcement Action amid SEC’s Wells Notice
Coinbase (NASDAQ: COIN) on Wednesday disclosed the possibilities of potential regulatory action against it as the US federal securities watchdog sent a so-called Wells notice to the crypto exchange. In …
Exness-Backed Crossover Markets Launches Crypto ECN
Crossover Markets Group, established last year by two former Jefferies executives, announced on Tuesday the launch of CROSSx, an execution-only cryptocurrency Electronic Communication Network (ECN). The launch came after Crossover …
FXGlobe Hires Tixee’s Todor Georgiev as Chief Operating Officer
FXGlobe, a forex and CFDs broker, has appointed Todor Georgiev as its new Chief Operating Officer (COO). Georgiev joins FXGbloe from online trading provider, Tixee, where he acted in the …
UBS Agreed To Buy Troubled Rival Credit Suisse
UBS agreed to buy rival Credit Suisse on Sunday, Reuters reported. UBS will pay 3 billion Swiss francs ($3.23 billion) and assume up to $5.4 billion in losses in a …
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FCA Scolds Payment Firms over ‘Lack of Controls’
The Financial Conduct Authority, the UK’s top financial regulator, has scolded many payments firms in the country, including payment institutions (PIs) and electronic money institutions (EMIs) for lacking “sufficiently robust …
WFE: Global Stock Market Lost $25 Trillion in 2022
The market capitalization of the global stock market declined by 20% in 2022, wiping off about $25 trillion from the market, the World Federation of Exchanges disclosed in its latest …
Capital Outflows Top $50B as Economic Uncertainty Hits Six Largest Investment Firms
Six of the world’s largest investment companies have seen huge capital outflows year-to-date (YTD) from their market capitalization as economic uncertainty troubles the industry. As of March 16, 2023, the …