Weekly Roundup: Qatar invests in Bitcoin, Capital.com pauses UK signups

abdelaziz Fathi

The foreign exchange and cryptocurrency markets are always active, and this past week was no exception. Stay ahead with a selection of essential stories and updates that matter most to market participants.

Our latest FX roundup dives deep into this dynamic market, offering expert analysis, insightful commentary, and an overview of the key trends.

United Fintech announces executive reshuffle

United Fintech has announced a strategic management reshuffle, coming on the heels of the recent investments by BNP Paribas and Citi. Read More

iSAM Securities appoints Hannah Robson as Sales Director of prime brokerage

iSAM Securities has announced the appointment of FX sales specialist Hannah Robson as Sales Director as part of its efforts to further expand its business. Read More

Capital.com pauses onboarding UK clients

Prospective clients attempting to sign up on the platform are met with a message stating the company’s decision to pause new client registrations in the UK for the time being. Read More

Fed and OCC fine JPMorgan Chase $348.2 million for trade surveillance issues

The Federal Reserve Board and the Office of the Comptroller of the Currency have issued fines against JPMorgan Chase totaling approximately $348.2 million. Read More

Also join us as we break down the week’s top stories in crypto that are relevant to your interests.

OKX gets pre-approved for MPI license in Singapore

OKX has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution License. Read More

MiCA under the spotlight: Exclusive interview with Muinmos’ CEO

FinanceFeeds is thrilled to announce the release of an exclusive video interview featuring Remonda Z. Kirketerp-Møller, Founder and CEO of the RegTech firm Muinmos, in conversation with our Editor-in-Chief, Nikolai Isayev. Read More

Sam Bankman-Fried faces 40-50 year in prison, $11 billion fine

U.S. prosecutors have recommended a severe 40-50 year prison sentence for Sam Bankman-Fried, the founder and former CEO of FTX, following his conviction on fraud and conspiracy charges linked to the collapse of the once-major crypto exchange. Read More

Did Qatar really invest $3.3 billion in Bitcoin?

Analysts noted a series of daily purchases of 100 BTC, totaling over 50,000 BTC (valued at over $3.3 billion). Dubbed “Mr 100,” speculation abounds regarding the entity behind these acquisitions, with suggestions ranging from Qatar’s sovereign wealth fund diversifying its portfolio to secretive billionaires or banks preparing for ETF launches. Read More

Nigeria presses Binance for user data amid detention of executives

Nigeria has made a formal request to Binance demanding details on its top 100 users in the country and a comprehensive transaction history spanning the past six months. Read More

Ripple’s XRP surges to $0.74 after mysterious $187 million transfer

Blockchain data tracker Whale Alert reported a transfer of 300 million XRP, worth nearly $187 million at the time, from Binance to an unknown wallet. Read More

London Stock Exchange to add Bitcoin and Ether products

The London Stock Exchange (LSE) plans to accept applications for launching exchange-traded notes (ETNs) backed by Bitcoin and Ether, providing professional investors with another avenue to invest in the cryptocurrency asset class. Read More

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IronFX Celebrates an Award-Winning Start to 2024 with a Series of Industry Recognitions

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FIA urges CFTC to regulate use cases rather than AI itself

“We urge the CFTC to refrain from crafting new regulations that generally regulate AI because this approach presents certain well-known pitfalls. By approaching the issue from the perspective of AI as a technology, rather than the use case for the technology, corresponding regulations would likely necessitate a definition of AI. We anticipate that any attempt to properly define AI would be very challenging and require considerable resources.”

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The Power of Public Relations in Finance: Shaping Perceptions & Building Reputation

It’s safe to say that the finance industry has faced its share of reputation crises over the years, from the 2008 financial collapse to the many scandals around irresponsible lending, political corruption, and even Ponzi schemes. 

Digital Assets

Crossover’s crypto ECN executed over $3 billion in Q1 2024

“Our growth is also driving continued increases in the percentages of trades that are ‘Order Crossing Order’ (OXO). Currently, roughly 10% of all trades executed on CROSSx are OXO, another differentiator in our platform’s capacity. This capacity and our unique execution model provide value to both the market maker and taker, as evidenced by our commercial model.”

blockdag

BlockDAG’s Explosive Presale Hits $20.3M In April Swaying Investors From XRP’s Price Trends Upward, & Polygon’s NFT Market

Learn about BlockDAG’s impressive $20.3M presale results, XRP’s price increase prospects, and the booming NFT market on Polygon among the top 10 cryptocurrencies.

Retail FX

Financial Commission warns of Eplanet Brokers

The Financial Commission, a self-regulatory compliance specialist for the financial services industry, is ramping up its scrutiny of unregulated brokerage firms. Today, the independent association warned against a company called Eplanet Brokers.

Retail FX

Dubai crypto exchange steps into prop trading

Dubai-based cryptocurrency trading platform, CoinW Exchange, marked its sixth anniversary by announcing a rebranding initiative and launching a proprietary trading product.

Fintech

Bitcoin payments app Strike launches in Europe

Bitcoin blockchain-based payments app Strike launched in Europe on Wednesday, allowing users in the region to buy, sell, and withdraw bitcoin (BTC).

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