Author: Luis Acosta
In a pivotal move, the California Public Employees Retirement System (CalPERS) announced on Friday its support for the election of Trian Fund Management’s nominees, Nelson Peltz and Jay Rasulo, to the Walt Disney Company’s board. This decision is part of a highly scrutinized and costly corporate control dispute. CalPERS, a significant U.S. pension fund with 6.65 million Disney shares as of December’s end, expressed its stance to Reuters, emphasizing the anticipated benefits of new perspectives on Disney’s board. “CalPERS believes Walt Disney Co will benefit from fresh eyes on its board of directors and voted its company shares in favor…
TradingView has established a partnership with Spotware, a provider of trading technology, to enhance brokerage services. The collaboration focuses on Spotware’s cTrader platform, which is used by over 200 brokers worldwide. The integration is designed to simplify the connection process between brokers and TradingView through Spotware’s technologies, as highlighted in a recent press release. The partnership combines both companies’ strengths in front-end and back-end technologies, leading to improved connectivity for brokers and fostering growth within the trading sector. TradingView emphasizes that this alliance will significantly upgrade trading technology for users around the globe. In related news, Spotware and Skale recently…
Open Banking, which allows the banks to exchange their clients’ financial details amongst themselves and third-party service providers, is one of the hottest trends of this year that increasingly more countries partake in, Ukraine included. This is the point of view expressed by Nykyta Izmaylov, investor and co-owner of sportbank. Mr. Izmaylov pointed out the exchange of data on current payments, transaction history, use of various financial services (from deposits to insurance) only happens if the client allows this information to be shared. Nykyta Izmaylov says the first Open Banking experiments date back to the 1980s, when 2,000 Germans took…
USP is excited to announce its debut on Republic.com/uspc, a premiere crowdfunding portal. This launch signifies a pivotal achievement for USP, an avant-garde, early-stage tokenized real estate endeavor on the Ethereum blockchain, offering investors worldwide a novel gateway into the lucrative U.S. real estate sector via state-of-the-art blockchain technology. At its core, USP revolutionizes real estate investment, making it accessible to investors of varied sizes and backgrounds. Its platform allows for direct involvement in the ownership of commercial properties. Boasting a substantial portfolio already valued at $52 million across Southern California, USP is redefining the standards of tokenized real estate…
BNP Paribas is set to revolutionize the way merchants accept payments with the introduction of “Tap to Pay on iPhone.” This innovative feature allows for the acceptance of multiple payment forms, such as physical debit and credit cards, Apple Pay, and other digital wallets, directly through an iPhone using the AXEPTA BNP Paribas app. This advancement obviates the need for conventional card readers or any additional hardware, significantly simplifying transactions for both businesses and consumers. Scheduled for rollout in the upcoming weeks, “Tap to Pay on iPhone” will align with France’s primary payment systems, ensuring a seamless integration for merchants.…
Bybit, a leading cryptocurrency exchange, has announced the launch of Bybit.nl, a regulated digital asset platform specifically designed for the Dutch market. This new platform is the result of a collaboration with SATOS, a local crypto service provider regulated by the Dutch National Bank. Bybit.nl aims to offer Dutch users a comprehensive suite of trading tools, educational resources, and a wide array of financial products, marking a significant step in Bybit’s ongoing expansion into European territories. Ben Zhou, Co-Founder and CEO of Bybit, expressed his excitement about this new venture, stating, “We are thrilled to launch our regulated digital asset…
The Financial Markets Authority (FMA) of New Zealand issued an updated warning list on Wednesday, highlighting two new additions to their radar. The newly listed entities are BTCSWE and Grandeur Capital Pro, against whose activities the FMA cautioned investors. BTCSWE, initially a legitimate cryptocurrency exchange in New Zealand, fell under scrutiny due to recent impersonation incidents. Scammers posed as BTCSWE representatives, reaching out to consumers with promises of recovering lost funds from unsuccessful investments. “Fabricated documents were supplied to help convince the victim of this individual’s identity and ability to access lost funds,” the FMA elucidated, citing an unfortunate victim…
Okcoin Europe, the European arm of the cryptocurrency exchange giant OKX, has been fined €304,000 by the Malta Financial Services Authority (MFSA) for failing to adhere to local virtual asset regulations. The MFSA’s decision to levy the fine factored in OKX’s cooperative stance during the regulatory review, although specifics about the violations were not disclosed. Operating in Malta since 2018, OKX stands as a leading name in the retail cryptocurrency exchange domain. The imposition of this fine underscores the challenges even major entities face in navigating the complex landscape of compliance and regulation. The fine is part of a settlement…