The Vanuatu-regulated entity of (USGFX) informed its clients on Friday that it will be unable to refund all the stuck client funds within the previously…
USGFX Vanuatu Faces Troubles in Refunding Aussie Clients
December 4, 2020
US Plans to Take on China in Bitcoin Mining
December 4, 2020
Software developer and services provider for crypto mining, Titan announced that it has partnered with CoinMint and Core Scientific to establish the first-ever enterprise-grade bitcoin…
Venture Firm Eyes DeFi after OMG Network Acquisition
December 4, 2020
Hong Kong-based Genesis Block Ventures (GBV), a subsidiary of crypto over-the-counter (OTC) trading firm, has acquired OMG Network, a Layer-2 scaling solution. Announced on Thursday,…
MAS Approves 4 Applications of Digital Bank License in Singapore
December 4, 2020
The Monetary Authority of announced today that it has granted digital bank licenses to four applicants including Jack Ma’s Ant Group and Grab Holdings, the…
Exclusive: GAIN Capital Taps Chasing Returns’ Analytics Services
December 4, 2020
has partnered with behavioral science-driven analytics platform Chasing Returns to offer its services to the traders on its both UK-based brokerages, Finance Magnates learned exclusively. This integration…
Pound Firm Despite Fresh Bump in UK/EU Trade Negotiations
December 4, 2020
The Great Britain pound was firm today, rising against most of its major rivals, despite a fresh bump on the road to a post-Brexit trade deal between the United Kingdom and the European Union. The sterling…
Good Retail Sales Report Fails to Boost Aussie
December 4, 2020
The Australian dollar was weak today, falling against all other most-traded currencies. That is despite domestic macroeconomic data that beat expectations. The Australian Bureau of Statistics reported that…
Bears Marching Towards 103.15 on USD/JPY?
December 4, 2020
The United States dollar versus the Japanese yen currency pair seems to be under undeterred bearish dominance. Are the bulls just around the corner? Long-term perspective The fall that started at 109.85…
The Bank of International Settlements (BIS), along with financial market infrastructure operator, SIX and the Swiss National Bank, announced today that the organisations have successfully…
Asia Trading Summit Virtual 2020 to Kick Off Tomorrow!
December 4, 2020
The Asia Trading Summit 2020 (ATS) will officially kick off tomorrow morning at 8:00 local time in Hong Kong. With over 5,000 virtual attendees expected,…
FX Broker Maxiflex Settles with CySEC for €370,000
December 4, 2020
The Cyprus Securities and Exchange Commission (CySEC) has just announced that it has reached a settlement with MAXIFLEX LTD, ordering the firm to pay €370,000…
Tradeweb Reports Record Volumes on Post-Election Volatility
December 4, 2020
Fixed income trading platform on Thursday reported solid figures for trading volumes in November 2020 as market volatility driven by Covid-19 developments bolstered activity during…