September 25, 2022 BY Steffy Bogdanova

OANDA and Paxos partner to create a crypto trading ecosystem

Gavin Bambury, Chief Executive Officer of OANDA, said: The relationship with Paxos signals the start of an exciting new phase of growth for OANDA, creating a significant opportunity in the US market. He continued: OANDA continues to strive to create an ecosystem built with integrity to meet the evolving needs of our clients. Our partnership…

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September 25, 2022 BY Steffy Bogdanova

ATFX Drift Team partners with Middle East Champion Ahmad Daham

Following the launch, the fintech broker revealed its partnership with the Middle East drifting champion Ahmad Daham. He has won 150 podium places and holds a Guinness world record. The official announcement noted that the ATFX drift team has 14 more races left until the end of 2023. Earlier this year, the broker ATFX introduced…

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September 23, 2022 BY Steffy Bogdanova

Capital Index (UK) sees 29% drop in 2021 turnover

The company noted in the official report that 2021 was a challenging year for the company. Capital Index (UK) said: The company has coped well with the operational difficulties associated with the pandemic, but a lack of volatility compared with the previous year cut into expected revenues, and difficult decisions had to be made.

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September 23, 2022 BY Steffy Bogdanova

Daily market commentary: The Japanese yen crosses the 145 level in relation to the dollar, the Bank of Japan intervenes

European Shares Stock markets extended declines on Friday in Europe, alongside Asian shares and US futures, amid fading appetite for risk on a global scale. Benchmarks drifted lower, trading closer and closer to their annual low while Treasury yields continue to climb almost everywhere as investor sentiment is being weighed down by higher borrowing costs,…

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CFTC
September 23, 2022 BY Steffy Bogdanova

CFTC slaps a $250K fine on bZeroX and its founders and charges successor Ooki DAO for offering off-exchange digital-asset trading

According to the CFTc, this protocol purported to offer users the ability to engage in these transactions in a decentralized environment. The regulator determined these transactions unlawful as they were required to take place on a designated contract market, but they did not. Additionally, the complaint stated that bZeroX illegally operated as an unregistered FCM.…

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September 22, 2022 BY Steffy Bogdanova

CySEC adds 5 unregulated firms to warning list

The Cypriot watchdog stated: CySEC urges investors to consult its website (www.cysec.gov.cy), before conducting business with investment firms, in order to ascertain the entities which are licensed to provide investment services and/or investment activities. Earlier in August, CySEC added six companies to its warning list.

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September 22, 2022 BY Steffy Bogdanova

Coinbase secures regulatory approval in the Netherlands

Nana Murugesan, Vice President, International and Business Development at Coinbase, said: As part of Coinbase’s ambition to be the world’s most trusted and secure crypto platform, we have taken strides to work collaboratively with government, policymakers and regulators to shape the future in a responsible way. Coinbase prides itself on being a compliance-led business. The…

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Tools for Brokers appoints Michael Levine as Vice President of Sales UK
September 22, 2022 BY Steffy Bogdanova

Michael Levine joins Tools for Brokers as VP of Sales UK

To his new position at TFB, Levine brings more than a decade of experience in the financial sales market, working with large enterprises and helping build and expand sales teams. Albina Zhdanova, the COO at TFB, said: I am very excited to have Michael on our team. His knowledge, background, and skills will benefit the…

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September 22, 2022 BY Steffy Bogdanova

Kraken appoints Dave Ripley as CEO, Jesse Powell becomes Chairman of the board

The official press release highlighted that Ripley has played a key role in scaling Kraken’s operations in over 16 acquisitions, regulatory licenses and partnerships. Ripley started his career as a software engineer before becoming a financial adviser at Boston Consulting Group. He has accumulated almost a decade of crypto industry leadership experience. He became COO…

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