Author: News Desk

Pepperstone, a leading Forex and Contracts for Difference (CFD) broker, has made an exciting announcement regarding its latest partnership with the Asian Football Confederation (AFC) for the highly anticipated AFC Asian Cup Qatar 2023. The tournament kicked off on January 12, 2023, and is scheduled to reach its climax with the much-anticipated final on February 10, 2024. Pepperstone’s involvement in this strategic collaboration is underpinned by its commitment to providing dedicated Forex cloud solutions with stable and rapid cross-border connections capable of meeting high-demand scenarios. Tamas Szabo, the CEO of Pepperstone, expressed enthusiasm about this partnership, saying, “We are thrilled…

MonFX, a subsidiary of Monex Europe Holdings, a global financial services company, has embarked on a significant expansion in the Asia-Pacific region. The company recently relocated to a larger office space in Singapore, underlining its commitment to growth in this strategic market. Alongside this move, MonFX has appointed David Venn as the Head of Sales to spearhead its expansion efforts. The CEO of MonFX, Alvin Lai, marked this milestone with a ribbon-cutting ceremony on January 18th, where he shared the company’s ambitious plans. MonFX intends to bolster its sales team by 80% in 2024, a move aimed at enhancing its…

Dmytro Rukin, one international payment system’s head of sales, first stole from his boss, and then, to add insult to injury, designed financial scams in the countries of Latin America to launder the blood-soaked Russian money. Ukrainian lawmen are about to put the main culprit and his associates on the INTERPOL wanted list. As the war with Russia broke out, rate of fraud-related crimes in Ukraine went up by a third, later coming to a lower, more stable level. This is the data provided by the National Police of Ukraine. The reasons behind this significant spike are crystal clear: when…

Google Pay India and NPCI International Payments have inked a Memorandum of Understanding (MoU), heralding a new era in the realm of cross-border digital payments. This landmark partnership aspires to extend the reach of Unified Payments Interface (UPI) payments beyond India’s borders, promising to reshape the landscape of global digital transactions. In a world increasingly reliant on digital finance, this collaboration seeks to streamline financial operations for travelers and create seamless payment systems on a global scale. Additionally, it aims to optimize cross-border remittances, making them more efficient and accessible. Deeksha Kaushal, Director for Partnerships at Google Pay India, expressed…

Apple’s long-standing feud with the European Commission over its Near-Field Communication (NFC) technology accessibility appears to be edging toward a resolution. The European Commission has officially recognized Apple’s proposal to open up its NFC technology to third-party mobile wallet providers, potentially concluding a two-year investigation into alleged antitrust violations. The dispute, instigated by the European Commission in 2020, revolved around concerns that Apple was restricting entry to its NFC technology, thereby fostering an anti-competitive environment for rival mobile wallet developers. In 2022, the Commission formally accused Apple of breaching European Union antitrust laws. Rumors of Apple’s proposed compromise started circulating…

In recent years, the Davos conference, organized by the World Economic Forum, has seen a growing presence of representatives from the cryptocurrency industry, which is quite remarkable given the historical tension between Bitcoin believers and traditional financial institutions symbolized by Davos. This shift is particularly notable in 2024, thanks to the recent approval of spot Bitcoin ETFs in the United States, a development seen as a validation of Bitcoin for mainstream investors. The approval and launch of spot ETFs signal a change in tone since the crypto market’s lows in 2022, when the temporary collapse of FTX raised doubts about…

This week in the financial sector has seen a noticeable drop in executive appointments in the forex, crypto, and fintech industries compared to the previous week. Despite the quieter atmosphere, there have been significant leadership changes that signify strategic shifts and growth aspirations within their respective organizations. Chad Alderson has taken the reins as the General Manager for Global Technology and Operations (GTO) at Broadridge Canada. With his extensive background in financial services, Alderson’s role will be instrumental in optimizing global trading technology and operations. His mission includes spearheading the modernization of wealth management and capital market offerings. This appointment…

The FIA.org has recently unveiled its report on the global futures and options market for the year 2023, illuminating a remarkable surge in derivatives trading. This year witnessed an unprecedented surge as the volume of futures and options contracts traded reached an astounding 137.3 billion, marking a staggering 64% increase. This surge also marked the sixth consecutive year of setting new records in the world of listed derivatives. Among the various regions contributing to this remarkable growth, India emerged as a significant player, reporting an extraordinary surge of 153% in equity index options trading. The Asia-Pacific region experienced a striking…

The US federal appeals court has taken a significant step by ordering the appointment of an independent bankruptcy examiner to investigate the collapse of FTX, the cryptocurrency exchange previously led by the now-convicted Sam Bankman-Fried. This decision, a reversal of a prior ruling, comes in the wake of allegations of a staggering $10 billion misappropriation of customers’ assets, shedding light on a case with profound implications for FTX’s global investors and the volatile cryptocurrency industry. The 3rd US Circuit Court of Appeals in Philadelphia, as reported by Reuters, justified this decision by citing the mandatory requirement under the US Bankruptcy…

FP Markets, a prominent forex and CFDs broker, has joined forces with TradingView to offer its clients access to a wide range of charting solutions across various financial instruments, such as forex, equities, and cryptocurrencies. This strategic integration aims to elevate the trading experience of users by combining FP Markets’ expertise with the advanced charting capabilities and thriving social trading community of TradingView. In an official statement, FP Markets’ CEO, Craig Allison, expressed his excitement about the partnership, emphasizing the company’s commitment to providing top-notch trading tools. The integration of TradingView into FP Markets’ existing suite of trading platforms, including…