Welcome to our weekly roundup, where we dive into all the latest buzz in the Forex, Fintech, and cryptocurrency scenes. We’ve got you covered with a rundown of the week’s top events and trends in these dynamic sectors, so you can stay in the know and ahead of the game.
Scope Markets rebrands as Scope amid Rostro integration
Belize-based FX and CFDs brokerage Scope Markets has become Scope to reflect the culmination of its extensive business transformation after it was acquired by Rostro Group. Read More
Celsius sues Tether over $3.3 billion Bitcoin claim
Tether, the issuer of the world’s largest stablecoin, USDT, said it plans to defend itself against what it calls “shakedown” litigation brought by the bankrupt crypto lender Celsius. Read More
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SEC charges NovaTech with operating $650 million Ponzi scheme
The SEC has charged the founders of NovaTech Ltd., Cynthia and Eddy Petion, along with their company and several promoters, with operating a cryptocurrency pyramid scheme that raised more than $650 million. Read More
Advanced Markets transitions MENA operations to Daman Markets
UAE-based Daman Securities and Advanced Markets are stepping up their strategic partnership with plans to spin off Daman Markets as an independent entity. Read More
Mt. Gox moves $2 billion in final repayment phase
A wallet that received over $2 billion in bitcoin from the collapsed Mt. Gox exchange moved the bulk of those funds to a separate wallet on Tuesday. Read More
Binance registers as ‘reporting entity’ in India after $2.25 million fine
Binance has registered as a “reporting entity” with India’s Financial Intelligence Unit (FIU), allowing the world’s largest cryptocurrency exchange to operate in India after being blocked since January. Read More
Ledger taps Revolut for crypto payments in Europe
UK Fintech giant Revolut has teamed up with hardware wallet firm Ledger to expand cryptocurrency payment options in specific European Economic Area (EEA) countries. Read More
Aussie broker TMGM extends sponsorship deal with Chelsea FC
TMGM, or Trademax Global Markets, and Premier League club, Chelsea FC, have struck up a multi-year extension of their partnership. Read More
Trading 212 expands with acquisition of Germany’s FXFlat Bank
London-based online broker Trading 212 has acquired FXFlat Bank GmbH, a multi-asset broker based in Germany and regulated by BaFin. Read More
Funds for Traders shutters as Eightcap pulls plug on prop firms
Funds for Traders announced that it is shutting down all operations permanently after Australian broker Eightcap announced it will stop serving proprietary trading firms. Read More
Bybit secures VASP registration in Argentina
Bybit has registered as a Virtual Asset Service Provider (VASP) and card operator in Argentina in a move that furthers its expansion plans into the Latin American country. Read More
ACY launches proprietary trading platform amid ACYLogix’s IPO plans
ACY Securities has launched a proprietary trading platform, built from the ground up, which represents a significant step towards the IPO plans of its holding company, ACYLogix. Read More
