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Standard Chartered Analyst: BTC to Surge by $20,000 if the US Defaults on Debt Obligations
3.5.2023
Geoff Kendrick, the head of forex research at the banking institution Standard Chartered, recently said that the price of bitcoin is likely to jump by $20,000 in the event of the United States defaulting on its obligations. According to Kendrick, while bitcoin is likely to surge when the U.S....
Swissquote offers a chance to earn passive income with trading accounts
1.5.2023
Swissquote is bringing back the chance to earn passive income with trading accounts, effective May 1, 2023. The passive income will be in the form of interest, which any customer can earn with a trading account. Cash deposits in three currencies will fetch interest based on how much balance they...
South African Mirror Trading's CEO Fined $3.4B by U.S. in Bitcoin Forex Fraud Case
28.4.2023
The founder of bitcoin pool operator MTI was charged with fraud last year for running an unlicensed commodity pool scheme
JForex3 to JForex4 chart migration made easy by Dukascopy
26.4.2023
Dukascopy is advancing to a new trading platform. It is doing so by ensuring that traders are not left behind in any way possible. Dukascopy has, therefore, announced the launch of chart migration. It enables traders to seamlessly migrate objects from JForex3 to JForex4. All they have to do is save...
BlackBull Markets moves to blackbull.com from Blackbullmarkets.com
25.4.2023
BlackBull Markets recently announced a domain shift to blackbull.com. The trading platform currently operates on blackbullmarkets.com. Beginning at the end of April 2023, users can access the platform via blackbull.com. The migration is not limited to the domain name alone; BlackBulls is also...
ThinkMarkets launches New Zealand entity to expand in Asia-Pacific region
20.4.2023
ThinkMarkets has gained an edge in the Asia Pacific region by launching a New Zealand entity. This gives the residents of the region a window to participate in trading activities through ThinkTrader. The platform is regulated by FMA – New Zealand Financial Markets Authority – and can...
T. Rowe Price, WisdomTree join Avalanche subnet for forex testing
12.4.2023
If initial tests are successful, the firms will expand their activities into tokenized credit issuance and equities
Russian Central Bank Attributes Recent Ruble Depreciation to Lower Forex Sales by Exporters
12.4.2023
The Russian central bank has attributed the ruble’s latest plunge against the U.S. dollar to the temporary reduction “in sales of foreign currency earnings by exporters.” The central bank also revealed that the Chinese yuan accounted for 39% of the Russian forex market’s...
Exness’s march performance makes waves in the Industry
12.4.2023
Exness is a popular forex and CFD broker that offers access to trading currencies, stocks, commodities, indices, and cryptocurrencies. Traders using Exness can trade with the most reliable and stable pricing in the industry. Forex trading volumes rise again as economic uncertainties have been...
Nigerian Forex Inflows: ‘Ambiguous Foreign Exchange Regime’ Blamed After Inflows Dropped to $5.32 Billion in 2022
12.4.2023
Between 2019 and 2022, the value of foreign capital that flowed into Nigeria dropped from $23.9 billion to $5.32 billion. The drop has been attributed to low investor confidence, the high cost of doing business, as well as the country’s high inflation rate. Nigeria will “struggle...
Saxo Bank’s March 2023 Report Shatters Records: Best Month Since 2020!
6.4.2023
Saxo Bank has published its report for March 2023, revealing that it has been the best month since March 2020. Not just March 2020, but it turns out that the numbers have been good in comparison to the previous few months as well. Foreign exchange volume was on the lower side till February 2023....
Interactive Brokers publishes its March 2023 report
5.4.2023
Interactive Brokers has published its report for the month of March 2023. Numbers are in comparison to the previous month and the same month for the previous year. There is a fall in the daily average revenue trades, with Interactive Brokers losing 2.05 million in comparison to 2.12 million...
‘Over-Collateralization Can Help Mitigate the Risk of Stablecoin Depegging’ — Pendulum CTO
5.4.2023
Despite being touted as a game-changing innovation, the decentralized finance (defi) ecosystem is still not connected to fiat rails largely because of regulatory and compliance issues, Torsten Stuber, the CTO at Pendulum says. According to Stuber, the defi ecosystem will succeed in getting more...
Central Government and SBI to issue Forex Cards to select Haj Pilgrims
4.4.2023
The Ministry of Minority Affairs, currently chaired by Smriti Irani, has officially announced its partnership with the State Bank of India (SBI). The objective is to issue Forex Cards to select Haj pilgrims. The revised policy gives flexibility to cardholders in having the currency based on their...
Saxo launches SaxoSelect in Australia, offering managed portfolios
29.3.2023
Saxo Australia has published a media statement announcing the launch of SaxoSelect, an investment service that enables everyone to diversify their investments under expert opinion. SaxoSelect is a fully digital service wherein expert investors manage the wealth of other investors looking...
CMC Markets expects 290 million pounds in FY2023 income
28.3.2023
CMC Markets is growing as expected. Meaning, things are in line with the mission to register a growth of 30% in the next three years. FY23 is about to end, and CMC Markets appears to be happy with what it has achieved despite the challenges of the last few months. CMC Markets is anticipated...
FP Markets Strengthens Offerings with cTrader
24.3.2023
FP Markets has announced the integration of cTrader into its list of offerings which already includes Metatrader 4 and Metatrader 5. One of the leading brokers of CFDs and forex, FP Markets, has said that it takes pride in this development since it will help traders to better experience trading...
Oanda stands true to its global expansion, adds US and UK share CFDs
21.3.2023
Oanda is taking its offering of CFDs to the US and UK by allowing traders to include CFDs on companies like Tesla, Vodafone, and Apple. This is a part of Oanda’s efforts to expand contracts-for-difference. Oanda already includes CFDs on European equities. Diversification opportunities are surely...
HFM releases its New Virtual Analyst with 120 language support
17.3.2023
HFM recently announced the release of its latest virtual analyst. Named Kate, the AI character can speak in 120 accents and languages. Other than the avatar’s realism, HFM (formerly known as HotForex) has also put emphasis on Kate’s learning curve. The avatar acts as an additional channel for users...
Exness trading volume surges to $3 trillion in February
14.3.2023
Exness, an online forex brokerage firm, releases its financial report for the month of February 2023, showing a stronger trading volume in all the areas of its trading business. As per the reports, there is a remarkable growth in trading volume for the fourth consecutive month. Trading volume...