Jack Dorsey is an open supporter of the blockchain technology without a doubt. He recently travelled to Africa and commented on the fact that, according to him, Africa is the next big place for blockchain and cryptocurrencies. Apart from that, the CEO of Twitter is thinking of moving the platform to blockchain. On December 11th,…
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Saxo Bank has reported its worst monthly FX volume in almost 4 years. This time of year is particularly hard for brokers, and Saxo Bank proved no exception. Saxo Bank is a Danish investment bank that specializes in investment and online trading. During November, the multi-asset broker posted a month-on-month drop across the board for…
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While the beginning of December is usually a calmer time for traders and bookies, as holidays are coming, this year is an exception. As we go into the long British election night, so do traders and markets. It is Thursday night, December 12th, and as the fate of the UK is being voted, traders are…
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In the world of cryptocurrencies, fraud is a known phenomenon. After the crypto community saw several high-profile scams, the latest one is staggering by its volume - $722 million. According to press, 3 men were charged with a $722 million cryptocurrency scam that was essentially categorized as a high-tech Ponzi scheme. This is what U.S.…
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Amun AG is a Swiss fintech company that announced this Tuesday that it has gained approval from the Swedish Financial Supervisory Authority (SFSA) to offer crypto ETPs in the European Union. Amun offers ETP products (exchange-traded products) backed by either basket of cryptocurrencies or single cryptocurrency. The company currently has 10 of its products listed on…
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President Trump has faced yet another legal backlash, as Deutsche Bank received an order to disclose his financial records. The decision that took place last week is just the latest one that is going to be decided on by the Supreme Court. Trump had 7 days to appeal the ruling that rejected his bid to…
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On Friday, December 6th, in a prosecution hearing against a potential criminal cartel case involving Deutsche Bank AG and Citigroup INC, the former JPMorgan head of markets, Jeff Herbert-Smith, served as a prosecution witness claiming that the banks never colluded in the first place. The testimony actually served as a blow to the prosecution case…
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New Zealand has a rather untypical financial industry structure: the country doesn't have its own banks, but it relies entirely on Australia's big four banks. As reported by Financial Review, the fact that the two countries share the same banks and the same "client" for exporting their commodities (China), if for some reason both economies…
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The economic tension between Washington and Beijing is soaring. The White House has currently refused to back up a World Bank loan program for China - a loan that is worth $1 billion per year. The funding plan which is for five years was discussed on December 5th, 2019. The program is known as the…
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The fintech industry in Nigeria is becoming more popular and startups are capitalizing on the trend. Migo, a Nigerian fintech startup is a company that focuses on offering credit-as-a-service to big companies. Migo has recently raised a Series B round of $20 million - a round that was led by Valor Capital Group, a Brazil-focused…
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