WeLab, one of the eight companies authorized by the Hong Kong monetary authority to operate a virtual bank, announced on December 13th that it had…
Posts published in December 2019
US Court Dismisses $150 Million Lawsuit Against Crypto Exchange FTX
The judge of the United States district court in California has dismissed the lawsuit brought against crypto derivative exchange for market manipulation and the sale…
Retail Broker Invast Securities Sees Weak November Metrics
Invast Securities has published its business metrics for the month of November this week. Unsurprisingly, the Japanese retail broker reported a drop in its performance…
BlockFi Opens Interest-Bearing Crypto Accounts to Washington State
New York-based crypto lending platform BlockFi has announced that it has been granted with a money transmission license in Washington State. According to CoinTelegraph, the…
Uphold Ties with Salt to Bring Crypto Lending Services to Its Users
Uphold, a blockchain-based financing company, has partnered with crypto-backed lending company Salt to offer loans in cash and crypto using digital currencies as collateral. Reported…
Is China Prepping Macao as the Financial Alternative to HK?
It looks like China might be prepping Macao to be the new . According to people close to the matter, Chinese President Xi Jinping will…
Largest Russian Darknet Marketplace Seeking $146 Million via ICO
Hydra, Russia’s largest , is seeking to raise $146 million via an initial coin offering (ICO), proceeds from which will be utilized for the global expansion…
Pure Markets’ CEO Talks Business Model, 2020 Outlook
Finance Magnates spoke with Daniele Casamassima, Chief Executive Officer at Pure Market for his insight into the group’s business model and broader industry perspective. What makes…
As Zero-Fee Losing Luster, Robinhood Launches Fractional Shares
Robinhood investment app, mostly used by millennials to trade stocks and cryptocurrency, is now offering its customers the ability to buy and sell fractional shares…
Deutsche Börse Delves Further into FX Swaps with 360TGTX MidMatch
360T, of Deutsche Börse, has introduced its newest product, dubbed ‘360TGTX MidMatch,’ to serve currency markets with independent streaming swap market data. The new tool is a…