Let’s take a look back at top stories that dominated the financial markets in our Weekly Round coverage. This week’s digest takes a deep dive into the most recent events and trends within the Forex, Fintech, and cryptocurrency.
Sneak Peek into Prop Trading: Tech providers stepping up post-MetaTrader
In a series of interviews, FinanceFeeds explores what tech providers are offering to help prop trading firms adapt and survive in a post-MetaTrader world. Today, we’re kicking off with two insightful chats featuring industry leaders: Spotware Systems’ CEO, Ilia Iarovitcyn, and FPFX Technologies’ CEO, Justin D. Hertzberg, Esq. Read More
CFTC charges Binary Options firms despite FCM definition concerns
The Commodity Futures Trading Commission (CFTC) has filed charges against four entities—cryptoiminerstrade.com, Expert Stocks Zone, FalconForexBot, and swiftminingexpert.com—accusing them of operating as unregistered futures commission merchants (FCMs). Read More
Moomoo redesigns desktop platform for US retail investors
Moomoo has unveiled a redesigned desktop platform aimed at enhancing the trading experience for U.S. retail investors. Read More
Rajiv Patel’s Bluprint scam leads to million-dollar fine for NinjaTrader
The U.S. Commodity Futures Trading Commission (CFTC) has fined NinjaTrader Clearing, LLC, which operates as NinjaTrader, Tradovate, and TransAct Futures, $750,000 for “inadequate oversight of accounts.” Read More
IG Group set to buy additional £75 million as part of share buyback plan
Spread betting and CFDs broker IG Group has just kicked off the second phase of its share buyback plan, worth up to £75 million. Read More
Australian court fines Vanguard AU$12.9 million over greenwashing
Vanguard Investments Australia has been ordered pay a AU$12.9 million penalty for making misleading claims about environmental, social and governance (ESG) exclusionary screens, which were applied to investments in the Vanguard Ethically Conscious Global Aggregate Bond Index Fund. Read More
eToro acquires Australian investing app Spaceship
eToro has announced it has agreed to acquire Australian investing app Spaceship as part of its efforts to strengthen the global social trading platform’s footprint in such a key market for the business. Read More
UK: FCA urges stronger safeguarding rules for payment firms
The Financial Conduct Authority (FCA) has raised concerns about the safeguarding practices of payments and e-money firms, warning that poor practices in this area could lead to customers losing money or facing delays in the event of a firm’s failure. Read More
Douugh to acquire R-DBX to enter US embedded finance market via Stakk
Douugh has agreed to acquire Radical DBX, Inc, a US-based B2B fintech platform known as R-DBX. Read More
Crypto Markets
PayPal allows US merchants to manage crypto from business accounts
PayPal has announced that U.S. merchants can now buy, hold, and sell cryptocurrency directly from their business accounts. Read More
FTX fallout: Caroline Ellison receives 2-year sentence
Caroline Ellison, the former CEO of Alameda Research, was sentenced to two years in prison for her involvement in the collapse of FTX, one of the largest financial frauds in U.S. history. Read More
Binance removes Turkish language to comply with new Türkiye regulations
Binance has announced that it will remove the Turkish language option from its website and app as of September 27, 2024. Read More
Binance still serves Russian clients amid global sanctions
Despite its announced exit from Russia in 2023, cryptocurrency exchange Binance continues to serve a limited number of Russian clients. Read More
Hamster Kombat to launch NFTs and gaming platform, token drops 30%
Hamster Kombat, the popular Telegram-based clicker game, announced its roadmap for the remainder of 2024 and into 2025, including the launch of a Web3 gaming platform to expand its offerings. Read More
Robinhood, Revolut to challenge Tether dominance in stablecoin market
Robinhood and Revolut are mulling the launch of their own stablecoins, betting that stricter regulations in Europe could loosen Tether’s dominance in the $170 billion digital asset market. Read More
Tether helps US gov target Russian crypto exchanges PM2BTC and Cryptex
The Biden administration announced sanctions and criminal charges on Thursday, targeting Russian cryptocurrency exchanges. Read More
SBI’s digital asset division to list tokenized ETNs and ETFs on 21X
SBI Digital Markets (SBIDM), the Singapore-based crypto subsidiary of Japan’s largest online financial services group, SBI Holdings, has partnered with 21X, a distributed ledger technology (DLT)-based market infrastructure for tokenized securities. Read More
