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February 19, 2024 BY PureContent

Tickmill Secures the Top Spot for its Commissions & Fees at the ForexBrokers.com 2024 Annual Awards

Tickmill has dominated this category for the fourth consecutive year, further solidifying its position in this highly competitive field. ForexBrokers.com is renowned for its impartial and in-depth analyses of forex brokers, and its annual awards are distributed based on independent research. Compared to some of the most reputable brokers in the industry, Tickmill stood out…

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February 19, 2024 BY PureContent

Binance to face five-year monitoring amid money laundering violations

The DoJ had gathered evidence of Binance violating US anti-money laundering laws between US users and customers in countries such as Russia, Cuba, and Syria . Binance's CEO, Changpeng (CZ) Zhao, was specifically targeted for knowingly violating US regulatory requirements, resulting in his resignation from the exchange. Moreover, Changpeng paid a $150m fine and is awaiting…

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February 19, 2024 BY Elizabeth Anderson

Tender-type agreement boosts OpenAI value to $80bn

In terms of the agreement, OpenAI employees could cash out their shares. By doing this, the company can raise funds without following traditional funding routes. To date, OpenAI has yet to give a response. The company did the same in 2023 when Thrive Capital, Sequoia Capital, Andreessen Horowitz and K2 Global bought OpenAI shares through…

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February 19, 2024 BY Elizabeth Anderson

Investors suing law firm for its part in FTX fraud scandal

The law firm consented to assisting FTX and disgraced founder Sam Bankman-Fried with several legal matters for more than a year before the cryptocurrency exchange collapsed. The Moskowitz Law Firm launched the legal complaint on Friday, 16 February 2024. This is the same firm that acted on behalf of former investors against celebrities such as…

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Coinbase crypto exchange expands custodial services in Asia market
February 16, 2024 BY Simon Mugo

Coinbase Stock Rallies After Returning to Profitability on Bitcoin ETFs

The latter half of 2023 saw a surge in investor interest in major cryptocurrency tokens, spurred by expectations of the U.S. Securities and Exchange Commission's (SEC) approval of spot bitcoin ETFs. This anticipation contributed to a 57% increase in bitcoin's price in the fourth quarter, which enhanced Coinbase's trading fee revenue. Despite concerns that the…

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Cboe
February 16, 2024 BY Simon Mugo

Cboe Australia Adds BlackRock’s iShares ETFs to Its Assets List

Dave Howson, Cboe Global Markets' Executive Vice President and Global President, highlighted the importance of this initiative, stating, "The introduction of iShares ETFs to Cboe Australia marks a pivotal achievement in realising Cboe's vision for global listings. Cboe stands out as the only exchange network offering asset managers a streamlined avenue for listing their products…

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February 16, 2024 BY PureContent

Is there a crisis brewing in the US real estate market?

A similar case involved New York Community Bancorp (NYCB). The company reported a loan loss provision that was 10 times higher than analysts were anticipating. The loss was $552m, and it led to shares plunging by 60%.   Don’t miss out the latest news, subscribe to LeapRate’s newsletter  The main reason for these cases is…

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Bank of America
February 15, 2024 BY Simon Mugo

BofA and Starbucks Unveil Cash-Back Rewards Program Partnership

Under this innovative program, Bank of America's extensive customer base of 45 million cardholders now has the opportunity to earn 2% cash back on their Starbucks purchases. Cardholders must link their Bank of America accounts with their Starbucks Rewards accounts to avail of this benefit. Furthermore, the program is designed to reward customers more generously…

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