John Oliver rips into MetaTrader, Binance to pay $10 billion

Welcome to this week’s roundup, where we delve into the latest developments in the Forex, Fintech, and cryptocurrency markets. Stay ahead of the curve with our comprehensive overview of the week’s most impactful events and trends across these dynamic sectors.

Top FX News

John Oliver rips into MetaTrader over role in ‘Pig Butchering’ scams

Comedian John Oliver did not hold back in criticizing the popular MetaTrader trading platform during his segment on pig butchering scams last Sunday on Last Week Tonight with John Oliver. Read More

eToro revives IPO plans after failed $10B SPAC merger

Israeli social trading network eToro is actively exploring options for a public market listing, according to CEO Yoni Assia in an exclusive interview with CNBC. Read More

OANDA launches FCA-registered OANDA Crypto in the UK

Oanda Global Corporation has launched OANDA Crypto, a new cryptocurrency trading platform tailored for private investors and traders in the United Kingdom. Read More

ThinkMarkets secures lucrative DFSA license in Dubai

Melbourne-based broker ThinkMarkets has secured a license from the Dubai Financial Services Authority (DFSA) after it has already incorporated its new subsidiary in the Dubai International Financial Center (DIFC). Read More

Admirals appoints founder Alexander Tsikhilov as CEO

Alexander Tsikhilov, the founder and Supervisory Board Chairman of Admirals Group AS, has been announced as the new CEO of the company, taking effect from 1 March 2024. Read More

‘WTF’ as in ‘What The Fraud?’, Sumsub’s new podcast on digital fraud

Sumsub has announced the launch of its new podcast, ‘What The Fraud?’, aiming to explore the impact of digital fraud on businesses and discuss challenges and prevention strategies in the face of rapid AI developments. Read More

FF Podcast delves into the rise of prop trading as Brokeree releases Prop Pulse

The 29th episode of the FinanceFeeds Podcast, hosted by Nikolai Isayev, features Tatiana Pilipenko, Regional Head of Business Development for APAC, UK, and the Americas at Brokeree Solutions, at a critical time for the prop trading industry, particularly in the United States. Read More

SEC closer to approve 24X’s application for a pioneering 24/7 trading venue

The Securities and Exchange Commission (SEC) has accepted an updated Form 1 application from 24X National Exchange LLC for a license to establish a new national securities exchange. Read More

Webull valued at $7.3 billion ahead of SPAC merger with NASDAQ-listed SK Growth

Webull has announced it will go public through a merger with SPAC company SK Growth in order to get listed on NASDAQ under a new ticker symbol. Read More

Let’s now pivot to explore the cryptocurrency market more closely

Think Elon Musk backed your crypto exchange? ASIC’s latest reveal may shock you

Australian Securities and Investments Commission (ASIC) has bravely stepped forward to reveal that, yes, those videos of Elon Musk passionately endorsing a cryptocurrency exchange are as fake as a three-dollar bill. Read More

SBF claims “zero loss” to FTX customers, 100-year sentence is “grotesque”

Sam Bankman-Fried, the former FTX CEO who was found guilty of fraud charges last year, is facing his sentencing next month. But before that day arrives, he’s making a plea for what he considers a fair shake. Read More

Coinbase and Robinhood down as Bitcoin surge past $64,000

In a dramatic day for cryptocurrency markets, Bitcoin’s price spiked to nearly $64,000, causing major disruptions for users of Coinbase and Robinhood. Read More

ASIC bankrupts finfluencer Tyson Scholz over stock tips

The Australian Securities and Investments Commission (ASIC) has effectively bankrupted Tyson Robert Scholz, the figure behind “Black Wolf Pit.” The action marks a significant crackdown on so-called ‘finfluencers’ and individuals providing unlicensed financial services. Read More

OKX officially launches Turkish crypto trading platform

OKX has announced the official launch of its Turkish platform, OKX TR, in Istanbul as part of the crypto exchange’s strategy to provide Turkish users with access to crypto trading, decentralized finance, and its Web3 Wallet. Read More

Morgan Stanley to add spot bitcoin ETFs

Morgan Stanley is reportedly considering adding spot bitcoin ETF products to its brokerage platform. This move comes after the Securities and Exchange Commission (SEC) approved the investment vehicle in January. Read More

Binance ordered to pay $10 billion in Nigeria

The Nigerian government has reportedly demanded a minimum of $10 billion from Binance amid a crackdown on the crypto exchange and the devaluation of the country’s local currency, the naira. Read More