International multi-asset broker Vantage has announced a new multi-year partnership with McLaren Racing, as an Official Partner of the McLaren (MX) Extreme E team. This announcement comes ahead of the launch of the 2022 season, with the first race, the Desert X Prix in Saudi Arabia, scheduled for February 19th and 20th. Extreme E is…
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Hong Kong’s Court of First Instance has ordered that illicit profits of insider dealing in shares of TeleEye Holdings Limited of $12,949,875 made by Ms Wei Juan and Mr Huang Yi, associates of Ms Yik Fong Fong, be paid to 63 investors. The funds will be paid out to court appointed administrators, Mr Tsui Chi…
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Atom, the UK’s first app-based bank, has raised more than £75m in new equity. Together with Toscafund and Infinity Investment Partners, BBVA has led this round, which is still open to other shareholders of the company. BBVA has once again shown its support for the Atom project and team, of which it has been a…
Read More “Atom Bank closes £75M financing round led by BBVA, Toscafund and Infinity” »
Online broker eToro announces that it is expanding its crypto offering with the addition of two new tokens: Avalanche and Hedera Hashgraph. Avalanche is a smart contact platform focused on speed, security, and sustainability, and was founded by Cornell University computer science professor Emin Gün Sirer. AVAX is the native token of the Avalanche blockchain….
Read More “eToro expands crypto offering with addition of Avalanche and Hedera Hashgraph” »
International derivatives marketplace CME Group today announced it plans to launch two new reference rates for bitcoin and ether on February 28 – the CME CF Bitcoin Reference Rate New York (BRRNY) and CME CF Ether-Dollar Reference Rate New York (ETHUSD_NY) – which will provide a once-a-day reference rate of the U.S. dollar price of…
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The Central Bank of Russia and market participants have launched the testing of the digital ruble platform and successfully completed the first digital ruble transfers between individuals. The creation of a prototype of the digital ruble platform was finished in December 2021. Twelve banks, including VTB and Sberbank, announced their readiness to take part in…
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The Securities and Exchange Commission (SEC) today announced that six investment advisers and six broker-dealers have agreed to settle charges that they failed to file and deliver client or customer relationship summaries – known as Form CRS – to their retail investors by the required deadline and, in some cases, failed to include all information…
Read More “SEC fines 12 financial firms for CRS deficiencies” »
FX broker tech provider Tools for Brokers (t4b.com) has announced that Ivan Egorov, a long-serving member of the company, has been promoted to Global Head of Sales. The promotion is in line with the company’s new focus on growing its Trade Processor liquidity bridge and acquiring new market niches. Ivan Egorov has been with Tools…
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FNG Exclusive… FNG has learned that longtime Barracuda FX CEO Kieran Fitzpatrick (pictured at top left) has resigned from the company. While Barracuda FX did not yet formally name a replacement, his role will be filled for the time being by COO Maurice Curran (pictured top right). Kieran Fitzpatrick has been CEO of Dublin based…
Read More “Exclusive: Kieran Fitzpatrick steps down as CEO of Barracuda FX” »
The Securities and Exchange Commission (SEC) today charged BlockFi Lending LLC with failing to register the offers and sales of its retail crypto lending product. The SEC also charged BlockFi with violating the registration provisions of the Investment Company Act of 1940. To settle the SEC’s charges, BlockFi agreed to pay a $50 million penalty,…
Read More “BlockFi to pay $100M in fines and seek registration of crypto lending product” »
