Finance

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One of the fastest-growing cryptocurrency trading platforms, Crypto.com confirmed today that it has secured regulatory approval from the UK’s Financial Conduct Authority (FCA). The approval has allowed the digital asset firm to offer a suite of products and services to UK-based customers. The latest announcement from Crypto.com came just two days after the company signed …

Crypto.com Secures Regulatory Approval from FCA Read More »

Admirals, a global financial technology company, has joined hands with TipTanks, a top financial big data company that makes institutional-grade research tools and data available to retail investors. The goal of the partnership, according to a joint statement shared with Finance Magnates, is to improve the research capabilities of traders. “Thanks to the partnership, traders …

EXCLUSIVE: Admirals Joins Forces with TipRanks to Boost Traders’ Research Capacity Read More »

One of the leading international multi-asset financial trading services providers, Plus500 published its interim financial results today for the six months ended 30 June 2022 (H1 2022). During the mentioned period, Plus500 reported revenues of $511.4 million, which is 48% higher compared to the same period last year. EBITDA came in at $305.3 million, compared …

Plus500’s Revenues Climb 48% YoY in H1 2022 Read More »

On Monday, the United States Securities and Exchange Commission (SEC ) charged 18 persons and entities for their involvement in a fraudulent scheme that involved hacking dozens of online retail brokerage accounts. The hack, which happened between late 2017 and early 2018, was allegedly coordinated by Rahim Mohamed based in Alberta, Canada. Several other individuals …

US SEC Charges 18 for Hacking Retail Brokerage Accounts to Buy Microcap Stocks Read More »

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The Nasdaq-listed firm Eqonex is closing its cryptocurrency exchange business. The company cited high competition among crypto trading platforms and fallen volumes as key reasons for shutting down its exchange. Eqonex Closing Crypto Exchange Eqonex Ltd. (Nasdaq: EQOS), a digital asset financial services company, announced the closing of its spot and derivatives cryptocurrency exchange Monday. …

Nasdaq-Listed Eqonex Closing Crypto Exchange Due to High Competition, Fallen Volumes Read More »

Crypto exchange Binance has been granted preliminary approval to offer trading and custody services for digital assets in Kazakhstan. The exchange is yet to complete the full application process but the development has already been hailed as a landmark achievement for the company in the Central Asian nation which only recently took steps to regulate …

Binance Obtains In-principle Approval to Operate With Cryptocurrencies in Kazakhstan Read More »

The government of Colombia revealed it has plans to launch a digital currency. One of the purposes of this new currency would be to curb tax evasion and enhance the traceability of transactions made by citizens. The proposed measure would also be accompanied by restrictions on cash payments and transactions of over 10 million Colombian …

Colombia Plans to Launch Digital Currency to Reduce Tax Evasion Read More »