The total carbon footprint of the bitcoin network increased by about 25% in 2020, while the number of transactions fell by 6%. This amounts to a climate impact of about 402 kg of CO2 per bitcoin transaction in 2020, according to the first results of a new method developed by De Nederlandsche Bank (DNB) to…
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The Hong Kong Monetary Authority (HKMA) announces the completion of an investigation and disciplinary proceedings for 33 Financial Services Limited (33FS) under the Payment Systems and Stored Value Facilities Ordinance (PSSVFO). The regulator has reprimanded and ordered 33FS to pay a pecuniary penalty of HK$875,000 for contravening section 8Q of the PSSVFO as it failed…
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AEGIS Hedging Solutions today announced a new executive appointment, naming Steve Resnick to the newly created position of Chief Customer Officer. With over 25 years of experience in customer success roles, Mr Resnick will be responsible for leading an integrated customer success organization that includes onboarding, technology adoption, product support, and new product integration for…
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Global market maker Virtu Financial, Inc. (NASDAQ:VIRT) today announced that its subsidiaries successfully completed and priced its new $1.80 billion senior secured first lien term loan due in 2029. The Term Loan was priced at SOFR (with a floor of 50 basis points) + a credit spread adjustment + 300 basis points, and issued at…
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Bank of America today announced the launch of CashPro Forecasting, a tool that uses artificial intelligence (AI) and machine learning (ML) technology to more accurately predict future cash positions across clients’ accounts at Bank of America and other financial institutions. The solution was developed in collaboration with a fintech that specializes in applying machine learning…
Visa Inc (NYSE:V) announces a new platform, Visa Acceptance Cloud (VAC), set to revolutionize the way businesses accept payments from their customers. Following the success of the company’s popular “Tap to Phone” solution, VAC will let acquirers, payment service providers, point of sale (POS) manufacturers, and Internet of Things (IoT) players move payment processing software…
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Swissquote Ltd, the London based, FCA regulated UK entity which is part of Switzerland based online Forex trading firm Swissquote Group (SWX:SQN), has announced a change in its Senior Management. Michela Pollini and Jack Rawlings have been appointed as Executive Directors, subject to regulatory approval, to guarantee the continuity and stability of business development as…
The Yuh app, launched by Swissquote and PostFinance in May 2021, has announced the addition of two new crypto assets to its lineup of trading instruments. Investors can now make use of Avalanche and Polygon. The additions expand further Yuh’s crypto offering. In October, the app added Algorand, Cosmos and Filecoin. In September, it introduced…
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Alpha FX Group plc (LON:AFX), a global provider of high-tech, high-touch financial solutions, transforming banking services for corporates and institutions operating internationally, announces the appointment of Nick Maton as Managing Director, Luxembourg. Nick Maton
As the lawsuit brought by the victims of fraudulent FX platform ROFX.net continues at the Florida Southern District Court, the plaintiffs are now seeking to file a new complaint. This becomes clear from a motion submitted by the plaintiffs in this case on January 12, 2022. The document, seen by FX News Group, states that the…
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