The US ban on stablecoin yield was supposed to end the practice of paying holders to sit in dollar tokens. Instead, it is relocating that yield rather than killing it. As the GENIUS Act's stablecoin…
Nuvei Looking to Roll Out Crypto to Fiat…
Nuvei, the Canadian startup firm that specialises in the issuance of debit and credit cards, has announced that it would be looking to roll out its crypto to fiat cards in the European region including…
Centroid Onboards LATAM Prime Brokerage Atlas Bank
Centroid Solutions has partnered with Panama-headquartered private bank and trading company Atlas Bank to prop up its prime brokerage offering for the LATAM markets. FX Brokers in LATAM Rejoice Daniel Caamano, Chairman of Atlas Bank…
£265 Million: FCA Fines NatWest for Significant Money…
National Westminster Bank Plc, aka NatWest, was fined £264,772,619.95 in the first time the FCA has pursued criminal charges for money laundering failings. NatWest was sentenced for three offenses of failing to comply with money…
ION Onboards Louis Dreyfus Company to Derivatives Trading…
ION, a provider of trading, analytics and risk management solutions for capital markets, commodities and treasury management, has signed agribusiness Louis Dreyfus Company (LDC) to its proprietary ION Derivatives Global Trading Platform (GTP) to manage…
ZuluTrade Acquired by Fxview Parent Company, Finvasia
Finvasia Group has acquired Trade Group, owner of social trading giant ZuluTrade and retail FX and CFD broker AAAFX, which holds a portfolio management license from HCMC. ZuluTrade Becomes Sister Company of Fxview The milestone…
Wells Fargo, HSBC to Explore FX PvP Settlement
Wells Fargo has announced it will pilot Baton Systems’ Core-FX solution, built on Baton’s proprietary distributed ledger technology (DLT) and governed by the Baton Rulebook, with HSBC for PvP or instant settlement. The move aims…
Bitcoin investment firm NYDIG lands $7 billion valuation
Bitcoin trading and custody services provider NYDIG announced Monday it has raised $1 billion in a growth capital round that values the firm at $7 billion. The recent financing round was led by WestCap with…
Nike Acquires NFT and Fashion Startup RKFKT
Nike has pushed further into the NFT and metaverse as it announced the acquisition of a startup that is focussed on fashion and NFTs, RKFKT which is expected to help it in the journey into…