Qatar invests in Bitcoin, pauses UK signups

The foreign exchange and cryptocurrency markets are always active, and this past week was no exception. Stay ahead with a selection of essential stories and updates that matter most to market participants.

Our latest FX roundup dives deep into this dynamic market, offering expert analysis, insightful commentary, and an overview of the key trends.

United Fintech announces executive reshuffle

United Fintech has announced a strategic management reshuffle, coming on the heels of the recent investments by BNP Paribas and Citi. Read More

iSAM Securities appoints Hannah Robson as Sales Director of prime brokerage

iSAM Securities has announced the appointment of FX sales specialist Hannah Robson as Sales Director as part of its efforts to further expand its business. Read More pauses onboarding UK clients

Prospective clients attempting to sign up on the platform are met with a message stating the company’s decision to pause new client registrations in the UK for the time being. Read More

Fed and OCC fine JPMorgan Chase $348.2 million for trade surveillance issues

The Federal Reserve Board and the Office of the Comptroller of the Currency have issued fines against JPMorgan Chase totaling approximately $348.2 million. Read More

Also join us as we break down the week’s top stories in crypto that are relevant to your interests.

OKX gets pre-approved for MPI license in Singapore

OKX has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution License. Read More

MiCA under the spotlight: Exclusive interview with Muinmos’ CEO

FinanceFeeds is thrilled to announce the release of an exclusive video interview featuring Remonda Z. Kirketerp-Møller, Founder and CEO of the RegTech firm Muinmos, in conversation with our Editor-in-Chief, Nikolai Isayev. Read More

Sam Bankman-Fried faces 40-50 year in prison, $11 billion fine

U.S. prosecutors have recommended a severe 40-50 year prison sentence for Sam Bankman-Fried, the founder and former CEO of FTX, following his conviction on fraud and conspiracy charges linked to the collapse of the once-major crypto exchange. Read More

Did Qatar really invest $3.3 billion in Bitcoin?

Analysts noted a series of daily purchases of 100 BTC, totaling over 50,000 BTC (valued at over $3.3 billion). Dubbed “Mr 100,” speculation abounds regarding the entity behind these acquisitions, with suggestions ranging from Qatar’s sovereign wealth fund diversifying its portfolio to secretive billionaires or banks preparing for ETF launches. Read More

Nigeria presses Binance for user data amid detention of executives

Nigeria has made a formal request to Binance demanding details on its top 100 users in the country and a comprehensive transaction history spanning the past six months. Read More

Ripple’s XRP surges to $0.74 after mysterious $187 million transfer

Blockchain data tracker Whale Alert reported a transfer of 300 million XRP, worth nearly $187 million at the time, from Binance to an unknown wallet. Read More

London Stock Exchange to add Bitcoin and Ether products

The London Stock Exchange (LSE) plans to accept applications for launching exchange-traded notes (ETNs) backed by Bitcoin and Ether, providing professional investors with another avenue to invest in the cryptocurrency asset class. Read More