Bitcoin Ban, Revenues, FX Evaluation, Wirecard CEO and Extra: Editor’s Decide

by Cryptospacey

Final week was busy within the monetary providers sector as a number of corporations turned their numbers, together with different information pouring in from crypto and fintech corporations. Finance Magnates has shortlisted among the most impact-full information from the foreign exchange, fintech and crypto industries.

European Parliament Committee Rejects Bitcoin Ban

In a large transfer, the Committee on Financial and Financial Affairs (ECON) has rejected a invoice that aimed to ban Bitcoin (BTC) within the European Union. Thirty-two members of the Parliament voted towards, and 24 have been in favour.

Nearly all of MEPs from the European Individuals’s Occasion (EPP), the European Conservatives and Reformists (ERC), Renew Europe (Renew) and Identification and Democracy (ID) voted towards it. In distinction, a minority of MEPs from Greens, S&D and GUE primarily voted in favour.

Learn extra on the European Parliament Committee’s voting on the proposed Bitcoin ban right here.

TP ICAP to Launch Digital FX Buying and selling Platform in Singapore

TP ICAP Group has launched an digital Overseas Change buying and selling platform in Singapore. As well as, the corporate is receiving assist from the Financial Authority of Singapore (MAS) for the upcoming providers.

The platform shall be primarily based on TP ICAP’s Fusion interface and can initially provide institutional purchasers to commerce in Asian 1 Month Non-Deliverable Forwards (NDF). Moreover, it has concrete plans for enlargement by together with FX Forwards and extra tenors in Asian NDFs.

Learn extra on TP ICAP Singapore e-FX platform right here.

ApeCoin by Yuga Labs Is Launching As we speak, Listed on the High Crypto Exchanges

Yuga Labs has launched its very personal cryptocurrency, ApeCoin, an ERC-20 governance and utility token. Yuga Labs is the proprietor of the Bored Apes Yacht Membership (BAYC), CryptoPunks and Meebits following the acquisition of the rights from Larva Labs.

The Bored Apes NFT assortment worth was boosted following the acquisition, attaining a flooring worth of 107 ETH. On the time of writing, BAYC NFTs are among the many most sought collections out there.

Learn extra on ApeCoin right here.

Swissquote Confirms Report Development in 2021, Working Revenues Climb 49% YoY

Swissquote, a Switzerland-based on-line monetary providers supplier, confirmed its file progress in 2021, with a considerable YoY soar in working revenues. In its current annual outcomes, the corporate reported working revenues of CHF 479.6 million, which is 49 % increased in comparison with 2020.

Furthermore, internet revenues and pre-tax revenue noticed a pointy surge throughout the talked about interval. Swissquote not too long ago revealed its steerage for 2022 and a medium-term outlook for 2025. After experiencing stable buyer progress throughout the first two months of this yr, the Swiss firm is anticipating internet revenues of CHF 475 million in 2022.

Learn extra about Swissquote’s 2021 financials right here.

IG Group’s Q3 FY22 Income Jumps 13%, Energetic Purchasers Hit Report

IG Group Holdings plc (LON: IGG) reported a 13 % soar in its income between December and February, which is the third quarter of the monetary yr for the corporate. The dealer generated £257.2 million within the three months.

Out of the overall, £219.3 got here from IG’s over-the-counter (OTC) leveraged derivatives enterprise, which jumped by 4 % from the identical quarter of the prior yr. Nonetheless, inventory buying and selling and funding income dropped by 54 % to £6.6 million.

Learn extra on IG’s Q3 income right here.

TP ICAP Sees 81% Drop in 2021 Income, Income Rises Marginally

TP ICAP, the world’s largest inter-deal dealer, revealed its annual financials for 2021, reporting greater than an 81 % drop in its income for the 12 months. It generated £24 million as pre-tax income final yr in comparison with 2020’s determine of £129 million.

Moreover, the essential earnings per share of the corporate plunged to 0.7 pence from 15.4 pence within the prior yr.

Learn extra on TP ICAP’s 2021 financials right here.

CMC Markets Launches £30 Million Share Buyback Program

CMC Markets (LON: CMCX) launched its share buyback program final Tuesday with an allocation of £30 million, the London-headquartered dealer introduced. This step has been taken to scale back the share capital of the corporate.

It has detailed that the utmost combination variety of shares it’s attempting to repurchase is 29,071,747 peculiar shares. It has already appointed RBC Europe Restricted to handle the Buyback Programme on its behalf.

Learn extra on CMC Markets’ buyback program right here.

German Prosecutors Indict Wirecard’s Former CEO

German prosecutors from Munich filed prices towards Markus Braun, the previous Chief Government Officer of Wirecard, regarding the agency’s collapse in 2021. Braun was charged with fraud, misappropriation of company belongings, accounting fraud and market manipulation.

Braun was first arrested two years in the past, however he was solely charged not too long ago after unsealing a 474-page indictment. The AP experiences that prosecutors in Munich allege that he signed off on monetary statements he knew to be false, and the corporate booked income that didn’t exist.

Learn extra on Wirecard’s former CEO’s indictment right here.

Israel Fintech Sector Witnesses Robust Funding Figures in 2021

The Israeli fintech sector is receiving a large enhance as investments in startups and corporations of the trade hit $4.5 billion over the yr.

The surge implied a 136% enhance from 2020, the place fintech startups and companies obtained $1.9 billion in funding.

Learn extra on Israeli fintech funding right here.

EU Regulators Warn towards ‘Extremely Dangerous and Speculative’ Crypto Property

A number of monetary market regulators throughout the European Union launched a joint warning assertion towards crypto-assets, saying a lot of them are “extremely dangerous and speculative.” They additional stated crypto-assets are neither suited to retail investments nor can be utilized for funds.

The warning was issued by three European regulators: European Banking Authority (EBA), European Securities and Markets Authority (ESMA) and European Insurance coverage and Occupational Pensions Authority (EIOPA).

Learn extra on EU regulators’ warning towards crypto belongings right here.

Evaluation: December Brings Decrease FX Deposits and Larger Withdrawals

The ultimate month of 2021 introduced an awaited slowdown in elevating foreign exchange deposits. Finance Magnates Intelligence took a have a look at the December 2021 knowledge, offered by cPattern. What are the conclusions and the annual abstract?

To start with, December was the second straight month of decline for the typical complete deposits made in a month by common retail merchants (for the highest 10 international locations in every class). This time it was $13,257 on common, which is down from $13,668 deposited in November. Nonetheless, it was the third highest end in 2021.

Learn extra on Finance Magnates FX deposit and withdrawal evaluation right here.

Former CEO and Founding father of BitBay Is Reportedly Lacking

In a shock to the trade, Sylwester Suszek, the Founder and former CEO of Polish cryptocurrency alternate BitBay (at the moment Zonda), has reportedly gone lacking. The police from Katowice, Poland, stated that he left his house on Thursday for a enterprise assembly and drove off in an unknown route, however he has not reached out to his household since then.

The manager is thought for having based an organization the place journalists from native media discovered that some shareholders had legal information, with convictions for pimping and VAT fraud.

Learn extra on the disappearance of BitBay’s Founder and former CEO right here.

Final week was busy within the monetary providers sector as a number of corporations turned their numbers, together with different information pouring in from crypto and fintech corporations. Finance Magnates has shortlisted among the most impact-full information from the foreign exchange, fintech and crypto industries.

European Parliament Committee Rejects Bitcoin Ban

In a large transfer, the Committee on Financial and Financial Affairs (ECON) has rejected a invoice that aimed to ban Bitcoin (BTC) within the European Union. Thirty-two members of the Parliament voted towards, and 24 have been in favour.

Nearly all of MEPs from the European Individuals’s Occasion (EPP), the European Conservatives and Reformists (ERC), Renew Europe (Renew) and Identification and Democracy (ID) voted towards it. In distinction, a minority of MEPs from Greens, S&D and GUE primarily voted in favour.

Learn extra on the European Parliament Committee’s voting on the proposed Bitcoin ban right here.

TP ICAP to Launch Digital FX Buying and selling Platform in Singapore

TP ICAP Group has launched an digital Overseas Change buying and selling platform in Singapore. As well as, the corporate is receiving assist from the Financial Authority of Singapore (MAS) for the upcoming providers.

The platform shall be primarily based on TP ICAP’s Fusion interface and can initially provide institutional purchasers to commerce in Asian 1 Month Non-Deliverable Forwards (NDF). Moreover, it has concrete plans for enlargement by together with FX Forwards and extra tenors in Asian NDFs.

Learn extra on TP ICAP Singapore e-FX platform right here.

ApeCoin by Yuga Labs Is Launching As we speak, Listed on the High Crypto Exchanges

Yuga Labs has launched its very personal cryptocurrency, ApeCoin, an ERC-20 governance and utility token. Yuga Labs is the proprietor of the Bored Apes Yacht Membership (BAYC), CryptoPunks and Meebits following the acquisition of the rights from Larva Labs.

The Bored Apes NFT assortment worth was boosted following the acquisition, attaining a flooring worth of 107 ETH. On the time of writing, BAYC NFTs are among the many most sought collections out there.

Learn extra on ApeCoin right here.

Swissquote Confirms Report Development in 2021, Working Revenues Climb 49% YoY

Swissquote, a Switzerland-based on-line monetary providers supplier, confirmed its file progress in 2021, with a considerable YoY soar in working revenues. In its current annual outcomes, the corporate reported working revenues of CHF 479.6 million, which is 49 % increased in comparison with 2020.

Furthermore, internet revenues and pre-tax revenue noticed a pointy surge throughout the talked about interval. Swissquote not too long ago revealed its steerage for 2022 and a medium-term outlook for 2025. After experiencing stable buyer progress throughout the first two months of this yr, the Swiss firm is anticipating internet revenues of CHF 475 million in 2022.

Learn extra about Swissquote’s 2021 financials right here.

IG Group’s Q3 FY22 Income Jumps 13%, Energetic Purchasers Hit Report

IG Group Holdings plc (LON: IGG) reported a 13 % soar in its income between December and February, which is the third quarter of the monetary yr for the corporate. The dealer generated £257.2 million within the three months.

Out of the overall, £219.3 got here from IG’s over-the-counter (OTC) leveraged derivatives enterprise, which jumped by 4 % from the identical quarter of the prior yr. Nonetheless, inventory buying and selling and funding income dropped by 54 % to £6.6 million.

Learn extra on IG’s Q3 income right here.

TP ICAP Sees 81% Drop in 2021 Income, Income Rises Marginally

TP ICAP, the world’s largest inter-deal dealer, revealed its annual financials for 2021, reporting greater than an 81 % drop in its income for the 12 months. It generated £24 million as pre-tax income final yr in comparison with 2020’s determine of £129 million.

Moreover, the essential earnings per share of the corporate plunged to 0.7 pence from 15.4 pence within the prior yr.

Learn extra on TP ICAP’s 2021 financials right here.

CMC Markets Launches £30 Million Share Buyback Program

CMC Markets (LON: CMCX) launched its share buyback program final Tuesday with an allocation of £30 million, the London-headquartered dealer introduced. This step has been taken to scale back the share capital of the corporate.

It has detailed that the utmost combination variety of shares it’s attempting to repurchase is 29,071,747 peculiar shares. It has already appointed RBC Europe Restricted to handle the Buyback Programme on its behalf.

Learn extra on CMC Markets’ buyback program right here.

German Prosecutors Indict Wirecard’s Former CEO

German prosecutors from Munich filed prices towards Markus Braun, the previous Chief Government Officer of Wirecard, regarding the agency’s collapse in 2021. Braun was charged with fraud, misappropriation of company belongings, accounting fraud and market manipulation.

Braun was first arrested two years in the past, however he was solely charged not too long ago after unsealing a 474-page indictment. The AP experiences that prosecutors in Munich allege that he signed off on monetary statements he knew to be false, and the corporate booked income that didn’t exist.

Learn extra on Wirecard’s former CEO’s indictment right here.

Israel Fintech Sector Witnesses Robust Funding Figures in 2021

The Israeli fintech sector is receiving a large enhance as investments in startups and corporations of the trade hit $4.5 billion over the yr.

The surge implied a 136% enhance from 2020, the place fintech startups and companies obtained $1.9 billion in funding.

Learn extra on Israeli fintech funding right here.

EU Regulators Warn towards ‘Extremely Dangerous and Speculative’ Crypto Property

A number of monetary market regulators throughout the European Union launched a joint warning assertion towards crypto-assets, saying a lot of them are “extremely dangerous and speculative.” They additional stated crypto-assets are neither suited to retail investments nor can be utilized for funds.

The warning was issued by three European regulators: European Banking Authority (EBA), European Securities and Markets Authority (ESMA) and European Insurance coverage and Occupational Pensions Authority (EIOPA).

Learn extra on EU regulators’ warning towards crypto belongings right here.

Evaluation: December Brings Decrease FX Deposits and Larger Withdrawals

The ultimate month of 2021 introduced an awaited slowdown in elevating foreign exchange deposits. Finance Magnates Intelligence took a have a look at the December 2021 knowledge, offered by cPattern. What are the conclusions and the annual abstract?

To start with, December was the second straight month of decline for the typical complete deposits made in a month by common retail merchants (for the highest 10 international locations in every class). This time it was $13,257 on common, which is down from $13,668 deposited in November. Nonetheless, it was the third highest end in 2021.

Learn extra on Finance Magnates FX deposit and withdrawal evaluation right here.

Former CEO and Founding father of BitBay Is Reportedly Lacking

In a shock to the trade, Sylwester Suszek, the Founder and former CEO of Polish cryptocurrency alternate BitBay (at the moment Zonda), has reportedly gone lacking. The police from Katowice, Poland, stated that he left his house on Thursday for a enterprise assembly and drove off in an unknown route, however he has not reached out to his household since then.

The manager is thought for having based an organization the place journalists from native media discovered that some shareholders had legal information, with convictions for pimping and VAT fraud.

Learn extra on the disappearance of BitBay’s Founder and former CEO right here.

Supply hyperlink

Related Posts

Leave a Comment