eToro, M2 win AGDM crypto licenses to operate in UAE financial center
Crypto investment platforms eToro and M2 received various degrees of approval from Abu Dhabi Financial Markets Authority (ADGM) to offer their services in the United Arab Emirates.eToro received approval for a Financial Services Permission (FSP) that allows a provider to operate as a broke ...
Australian financial regulator sues eToro over ‘volatile’ trading products
Australia’s financial regulator has sued eToro over its contract for difference (CFD) product, alleging the trading platform used insufficient screening tests when offering the leveraged derivative contracts to retail investors.The Australian Securities and Investments Commission (A ...
Crypto Biz: Crypto outflows surge, a16z’s UK office, and the silent altcoins ban
A combination of escalating interest rates and a tight regulatory environment in the United States has driven a $417 million outflow from the crypto industry in the past eight weeks, with halts in trading for many altcoins draining liquidity and prolonging the ongoing crypto winter.This en ...
eToro halts ALGO, MANA, MATIC and DASH purchases for US customers
Retail trading platform eToro has halted purchases of Algorand (ALGO), Decentraland (MANA), Polygon (MATIC), and Dash (DASH) for customers in the United States in response to the tokens being labeled as securities in recent SEC lawsuits.The move comes just a few days after competitor ...
Binance CEO suggests using crypto to fight Twitter bots
Changpeng Zhao, the CEO of Binance, has proposed a solution to combat bots on Twitter using a special cryptocurrency commission. He suggested implementing the option for users to pay $0.x per comment made by those they don't follow. According to Zhao, this will make it too expensive for bots t ...
Twitter users can now trade cryptocurrencies and stocks through eToro partnership
Twitter, one of the largest social networks, is now offering its users the ability to purchase cryptocurrencies, stocks, and other financial assets. This exciting new development is made possible by a partnership between Twitter and the eToro platform, and users of the Twitter mobile app will be ...
First Republic Bank faces liquidity crisis amid cryptocurrency services
First Republic Bank, like many other financial institutions in the US, has recently encountered a liquidity crisis and has sought help from both the banking community and the US Federal Reserve. In an effort to stay ahead of the curve and cater to the needs of its clients, the bank has collaborat ...