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.
FX Market
RoboMarkets goes all in on stock trading, shuts down FX/CFD offering in Europe
RoboMarkets has announced it will end its retail FX/CFD operation in Europe, regulated by CySEC, while maintaining its institutional business in the EU. Read More
XBTO on its way to secure Abu Dhabi’s FSRA license for crypto services in MENA
XBTO has received in-principle approval (IPA) from Abu Dhabi’s Financial Services Regulatory Authority (FSRA) to operate in the UAE. Read More
ASIC suspends Olritz’ license over inactivity despite firm claiming $150 million AUM
The Australian Securities and Investments Commission has suspended the Australian Financial Services (AFS) Licence of Olritz Financial Group Pty Ltd. Read More
Tickmill launches US elections traders hub ahead of market volatility
Tickmill has introduced the “US Elections – Traders Hub,” a new resource to help traders navigate market volatility in the run-up to the November 2024 U.S. presidential election. Read More
Unregulated FX derivatives platforms come at a cost for traders, says FXPA
The benefits of unregulated FX derivatives trading venues come at the expense of reduced customer protections resulting from a lack of comprehensive regulatory oversight, according to a white paper published by The Foreign Exchange Professionals Association (FXPA). Read More
SEC allows eToro to offer Bitcoin, Bitcoin Cash, and Ether without a license
eToro USA LLC has agreed to pay $1.5 million to settle charges put forth by the Securities and Exchange Commission, which claimed the social trading platform operated an unregistered broker and unregistered clearing agency in connection with its trading platform that facilitated buying and selling certain crypto assets as securities. Read More
Crypto Markets
The future of digital currency: Insights from Circle CEO Jeremy Allaire
In the latest episode of The VALR Podcast, Jeremy Allaire, Co-Founder and CEO of Circle, discussed the future of Circle and the broader digital currency landscape with Farzam Ehsani. Read More
Crypto-Asset Reporting Framework (CARF): Good or bad for crypto?
The global rise of digital assets has prompted a wave of regulatory developments aimed at ensuring transparency, security, and compliance in the crypto space. Read More
Hamster Kombat lists token on Bybit, Bitrue, and OKX
The team behind the popular Telegram-based game Hamster Kombat announced that its token, HMSTR, will be listed on several cryptocurrency exchanges following an upcoming airdrop. Read More
U.S. urges Nigeria president to release detained Binance executive
The U.S. government is pressing Nigerian officials to release Tigran Gambaryan, a Binance executive detained in the country for seven months, amid reports of deteriorating health and increased calls for his release. Read More
FTX’s Bankman-Fried paid $150M to Chinese officials to unlock $1B
U.S. prosecutors have reportedly connected Ryan Salame, the former co-CEO of FTX, to accounts under the names of Thai prostitutes in a bid to unfreeze funds tied to FTX and Alameda Research. Read More
Judge halts Kalshi’s 2024 election contracts pending hearing
Prediction market Kalshi’s attempt to offer contracts tied to the U.S. 2024 election has been paused until after a hearing on Thursday. Read More
U.S. state regulators secure refunds for investors in Lydian.World metaverse
Securities regulators from 12 U.S. states have reached a settlement to reimburse investors who lost money in a scheme involving the Lydian.World metaverse, cryptocurrency, and tokenized ownership of a metaverse skyscraper. Read More
Venmo and PayPal users can now transfer crypto with Ethereum names
Venmo and PayPal users will now be able to transfer cryptocurrencies using Ethereum Name Service (ENS) names, a feature expected to reach over 270 million users in the United States. Read More
Sam Bankman-Fried partner seeks leniency, argues for no jail time
Caroline Ellison, the former CEO of Alameda Research, has requested that the court refrain from imposing jail time, proposing a sentence of time served with a period of supervised release instead. Read More
Trump-Harris debate signals crypto may not be a key issue for voters
In the heated Trump-Harris debate yesterday, the US Presidential candidates clashed on major topics such as the economy, foreign policy, gun control, and immigration. Read More
MoonPay enters Australia with AUSTRAC registration for crypto payments
MoonPay has registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC) to provide digital currency exchange services in Australia. Read More
