Author: Luis Acosta

Coinbase has taken a significant leap in its global expansion strategy by obtaining official registration as a restricted dealer in Canada, under the oversight of the Canadian Securities Administrators. This milestone makes Coinbase the pioneering international cryptocurrency exchange to secure such a designation in Canada, highlighting its dedication to regulatory adherence and its successful collaborations with Canadian regulatory bodies. Since March 2023, Coinbase has been diligently working towards this registration, emphasizing its commitment to compliance and establishing a solid policy framework in partnership with Canadian regulators. Brian Armstrong, Coinbase’s CEO, lauded the Canadian authorities for their role in demystifying regulations…

Skipify, a fintech firm based in the United States, recently announced a groundbreaking partnership with Visa through the Visa Digital Commerce Program. This alliance is set to revolutionize consumer transactions by employing advanced technologies to streamline and speed up the payment process. The collaboration aims to merge Visa’s comprehensive digital payment expertise with Skipify’s innovative digital wallet solutions, enhancing the convenience and security of the checkout experience for consumers. Mark Nelsen, the SVP of Regional Product and Innovation at Visa, expressed enthusiasm about the partnership, stating, “We’re empowering businesses with convenient and secure ways to accept payments, giving them the…

Faruk Fatih Ozer, the former CEO of Thodex, a Turkish cryptocurrency exchange that collapsed in 2021, has begun serving an unprecedented prison sentence for defrauding investors. After a lengthy legal process, Ozer’s conviction comes as a result of his actions that led to significant financial losses for numerous investors when he fled with their assets. Following the exchange’s failure, Ozer escaped to Albania, but was extradited back to Turkey to answer charges of money laundering, fraud, and engaging in organized crime activities. His trial concluded with a Turkish court imposing a shocking sentence of 11,196 years in prison, reflecting the…

The French Financial Markets Authority (AMF) has sounded the alarm on investment solicitations from the digital asset trading platform BITGET, cautioning savers across France to exercise extreme caution. The regulatory body pointed out that BITGET lacks the necessary authorization to offer digital asset services within the country. The AMF has underscored its readiness to initiate legal proceedings to obstruct access to BITGET’s website, underscoring the severity of the issue. According to France’s monetary and financial code, operations such as the custody, buying, or selling of digital assets, along with the management of digital asset trading platforms, require official registration as…

In March, the foreign exchange (FX) market saw a welcome boost in activity across major trading centers, offering a break from the lackluster numbers recorded in February. This upswing was notably strong in Asia, spearheaded by the Tokyo Financial Exchange’s Click 365 platform. While Europe and the US also experienced improvements in trading volumes, they have yet to surpass the highs of January. The Click 365 platform in Tokyo stood out with its trading volume reaching 1,929,621 contracts and an average daily volume (ADV) of 91,888 contracts during March. This performance indicates a significant rebound from the previous month and…

Saudi Arabian stock markets experienced a downturn at the close on Sunday, with significant losses in key sectors such as Media & Publishing, Building & Construction, and Energy & Utilities. This led to the Tadawul All Share Index falling by 1.31%, marking a new low for the month. Despite the overall decline, there were some standout performers. Red Sea Housing Services Company saw a notable increase of 9.89%, closing at 30.00, followed by the National Industrialization Co, which went up by 5.14% to end at 13.92. The Alinma Retail REIT Fund Unit also gained, rising by 5.00% to close at…

Grayscale, a key player in the digital asset management industry, has introduced an innovative investment vehicle termed the “dynamic income fund” or GDIF, targeting wealthy investors with an interest in proof-of-stake tokens. The firm’s announcement on X revealed that GDIF is tailored exclusively for accredited investors who have a net worth of at least $2.2 million. This move signifies Grayscale’s entry into the realm of actively managed investment products, with GDIF being its pioneer initiative. The fund’s strategy involves the active management of staking and unstaking multiple tokens to generate rewards for its investors, focusing on the burgeoning proof-of-stake token…

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…