<p>KuCoin has reached a settlement of USD $22 million with the state of New York and committed to ceasing its services for users in the region, according to an order filed in the Supreme Court today (Tuesday). The crypto exchange was charged for offering, selling, and purchasing cryptocurrencies as securities and commodities, breaching New Yo
Blogs
What Lies Ahead for Amazon Payments?
<p>In a surprising turn of events, <a href="https://www.cnbc.com/2023/12/07/paypal-shares-slide-after-amazon-drops-venmo-as-payment-option.html" target="_blank" rel="nofollow">PayPal's Venmo will bid farewell to Amazon as a payment option</a> starting January 10, 2024. This unexpected split comes
London's Ebury Eyes African Market with Prime Financial Markets Takeover
<p>London-based global financial technology firm, Ebury, has announced the acquisition of Prime Financial Markets, a financial services firm based in Johannesburg, South Africa. Prime Financial Markets, a registered financial services provider, specializes in providing financial market advice and intermediary services in the treasury and fina
Unveiling the Future: The Trajectory of the Payments Industry in 2024
<p>As we anticipate the dawn of 2024, the payments industry stands at the precipice of transformative shifts, paving the way for innovation and adaptation. As such, let’s delve into the diverse facets that will shape the payments ecosystem in the coming year.</p><p>1. Decentralization and the Rise of Cryptocurrencies</p><
WOO X Secures Partnership with Algorithmic Trading Firm, Wintermute
<p>WOO X has successfully onboarded Wintermute, an algorithmic trading firm and liquidity provider in the digital assets realm. Wintermute, boasting $3.6 trillion in cumulative trading volumes, has joined forces with WOO X to enhance liquidity and market efficiency, serving as a designated liquidity provider.</p><p>Strategic Trans
Apex Fintech Solutions Renews IPO Plans, Files Documents with the SEC
<p>Apex Fintech Solutions has revived its aspirations for an initial public offering (IPO), according to an announcement shared by the company on Businesswire. The firm has confirmed that it has confidentially filed its draft registration statement with the Securities and Exchange Commission (SEC). </p><p>This new plan follows a s
Smart Wallets, Smart Money: CBDC's Impact on Banking and Payments
<p>As the financial landscape undergoes a transformative journey, blockchain technology and Central Bank Digital Currency (CBDC) are emerging as pivotal forces reshaping the way businesses and individuals engage in transactions. This revolutionary shift is not just confined to the realm of technology but holds profound implications for the pa
Canadian Dollar heads lower as Crude Oil slumps, post-US CPI Greenback weighing on CAD
The Canadian Dollar (CAD) fell back on Tuesday as markets shuffled their stance following US Consumer Price Index (CPI) inflation figures that exactly met market expectations, pointing to dwindling growth looking forward.
Forex Today: Dollar mixed after US CPI, ahead of the Fed
Eyes will be on the Federal Reserve and Chair Powell on Wednesday.