Author: admin

Specialized payments platform Paysafe (NYSE:PSFE) announces that it has signed a definitive agreement to acquire German fintech company, viafintech, in an all-cash transaction. viafintech, known under the brands of Barzahlen/viacash and viacash, offers the largest, bank independent, payments infrastructure in the DACH region, allowing a popular alternative to the traditional banking structure. For Paysafe, this…

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PayPal (NASDAQ:PYPL) today announced the launch of a new service enabling its customers in the UK to buy, hold and sell cryptocurrency with PayPal. This new service starts rolling out this week. Customers can choose from four types of cryptocurrencies – Bitcoin, Ethereum, Litecoin and Bitcoin Cash. By accessing their PayPal account via the website…

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Sezzle Inc. (ASX:SZL) today confirms that it has confidentially submitted a draft Registration Statement on Form S-1 with the Securities and Exchange Commission (SEC) relating to the proposed underwritten Initial Public Offering (IPO) of the Company’s common stock in the United States. The number of shares to be offered and the price range for the…

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A Ponzi scammer who filed for bankruptcy early this year is now facing additional litigation by the Commodity Futures Trading Commission (CFTC). The regulator has commenced adversary proceedings against John Patrick Glenn, who played a key role in the Financial Tree scam. The CFTC has brought this adversary proceeding against Glenn to determine the non-dischargeability…

Read More “CFTC unveils $26.5M in claims against Forex Ponzi scammer” »

Hong Kong Exchanges and Clearing Limited (HKEX) today announced the launch of its first A-share derivatives product. This new contract will provide international investors with a new and effective risk management tool to manage their portfolios of Stock Connect eligible A-shares, reflecting the increasing global reliance on Stock Connect to access Mainland China’s burgeoning equity…

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Eurex, Deutsche Börse Group’s derivatives arm, announced today the launch of Bitcoin ETN futures. With the new contract, Eurex offers clients access to the price of Bitcoin in a regulated on-exchange and centrally cleared environment. This offering will be the first regulated market in Bitcoin-related derivatives in Europe. The launch of the new contract is…

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Another hearing in the adversary proceedings targeting retail FX broker AFX Capital was held on August 19, 2021. This hearing, however, was held with no appearance by the defendant, as indicated by information provided by the New York Eastern Bankruptcy Court. FX News Group has learnt that the hearing was held and adjourned until December…

Read More “Still no sign of AFX Capital as NY lawsuit continues” »

Why did Playtech’s sale of its Financials division – Finalto and Markets.com – hit a major roadblock? And, what happens next? What signs are there that the Swiss National Bank might – once again – change its strategy of effectively supporting CHF exchange rates? Will history repeat itself? How did FX industry stalwarts Plus500 and…

Read More “FX week in review: Finalto sale stalls, CHF peg, Liverpool FC sponsor, Plus500 and Saxo results” »

Australia financial regulator ASIC has issued an update on the independent expert review of November’s ASX Trade outage. FNG readers will recall that on 16 November 2020, an outage occurred at the ASX – Australia’s main stock exchange – shortly after a major upgrade to ASX’s equity trading platform, ASX Trade, called the ASX Trade…

Read More “Australia ASX trade outage due to “not ready to go-live” issues” »

The United States Securities and Exchange Commission (SEC) confirmed on Thursday that it had secured judgments against BitConnect promoters. The New York Southern District Court has entered a judgment against Michael Noble (a.k.a. Michael Crypto) and a final judgment against Joshua Jeppesen for their involvement with BitConnect and the promotion of its “lending program.” The…

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