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Tag: Blockchain

Forex Trading News 0

News Nuggets | 2 May: Revolut in Brazil; WeChat’s Digital Yuan Expansion

Revolut Launches in Brazil The UK-headquartered fintech giant, Revolut has entered the Latin American markets by launching its service in Brazil. The company onboarded Glauber Mota from BTG Pactual to lead the rollout in Brazil. “Our mission is to unlock a borderless economy with financial products that are accessible and easy to use and that allow our customers to use […]

Forex Trading News 0

News Nuggets | 3 May: BlackBull Adds DXtrade; Gate.io’s New License

UK Regulator Raises Alarm on Clone of LCGOn Wednesday, the Financial Conduct Authority (FCA) warned investors against a clone of London Capital Group (LCG), an authorized spread betting and CFD trading provider. The British watchdog said the clone has been contacting British citizens, pretending to have requisite permission. According to the FCA, the scam platform operates the websites: www.cintra.group/, www.londoncapitalgroup.pro […]

Forex Trading News 0

Institutional Crypto Needs Greater Trust. Prime Brokers Can Help

Bitcoin price may have recovered from the collapse of the FTX crisis, but its fallout continues to reverberate across the crypto industry. As participants seek ways to regain the institutional trust that the current crisis has created, and avoid the next one, one of the theories being advanced is the potential for prime brokers to develop and maintain credit relationships. […]

Forex Trading News 0

News Nuggets | 4 May: FCA on Whistleblower; Equinix’s Q1 Results

HFM Hires Markets.com’s Yaqub Tale as Country Head in KenyaHFM, a retail forex and CFDs brokerage that recently rebranded from HotForex, has appointed Yaqub Tale as its Head of Country in Kenya. Tale until the appointment was a Regional Business Consultant for East Africa at online trading provider, Markets.com, for nearly two years.Tale, who brings about five years of trading […]

Forex Trading News 0

BGC Partners Sees Marginal Increase in FX Revenue in Q1

BGC Partners, a major financial technology and brokerage firm, released its first quarter 2023 metrics on Wednesday, reporting a marginal increase in its consolidated revenue from forex trading. The revenue rose 0.2% to $80.2 million (or 1% in constant currency), compared to the first quarter of 2022. FX Generates Smallest Revenue GrowthThe revenue boost was the least among all asset […]

NFT News 0

Cryptoys Unveils Limited Edition Star Wars ‘Digital Toy’ NFTs

To celebrate “Star Wars Day” (May the fourth (be with you)), Cryptoys has announced an NFT collection featuring iconic characters from the cultural phenomenon, set to arrive on May 24. The Star Wars NFTs include fifteen “digital toys” featuring legendary figures of Luke Skywalker, Princess Leia and Darth Vader on the Flow blockchain. Each item sticking to the same price point […]

Forex Trading News 0

Nigeria’s SEC Blacklists Six Online Trading Platforms

Nigeria’s securities regulator has flagged down six online trading platforms for operating in the country without authorization. The Securities and Exchange Commission (SEC) listed the platforms in a recent statement published on its website.According to the watchdog, the platforms are Prime Invest (https://webtrader.pinvest.cc/), FXBoxed (https://account.fxboxed.com/) and New Finance LLC and New FX Limited (https://www.newfx.us). The other three platforms are Axi24 […]

Forex Trading News 0

Plus500 Continues ‘Strong Performance in FY 2023’

Plus500 (LON: PLUS), the Israeli trading platform, issued a trading update on Tuesday, highlighting that it ‘has continued to deliver a strong performance in FY 2023’.Plus500’s Update for Investors The update came ahead of the upcoming annual general meeting and pointed out that the key metrics of the group’s performance in Q1 2023 were better than the previous year. Plus500 […]

Forex Trading News 0

Africa’s Copy Trading Boom: True Adoption or a Passing Phase?

Copy trading is a common investment practice, but new indicators show that in Africa, the method has become a phenomenal hit. Curiosity about copy trading among Africans is higher than in other developed nations, such as the United States, the United Kingdom and Australia, according to Google data on searches. Investigating the data, Finance Magnates found that some brokerages have […]

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