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Our news section is a meticulously compiled repository of the latest events, updates, and emerging trends spanning the dynamic industries of Liquidity, Forex, Cryptocurrency, and FinTech and serves as an informative platform for those seeking to keep up-to-date with the rapidly evolving landscapes of these sectors. This curated collection acts as a hub, capturing the pulse of these industries and ensuring our readers are always at the forefront of the latest developments.

Coinbase has Dropped the Notion that USDC is Backed by US Dollars

Coinbase has Dropped the Notion that USDC is Backed by US Dollars Coinbase modified the USD Coin page on its website after an audit revealed that not all USDC reserves are held in cash. The myth that each USDC is backed by one dollar has been shattered. Crypto
FinCEN and the CFTC will get $100 Million in Fines from BitMEX

FinCEN and the CFTC will get $100 Million in Fines from BitMEX To settle a dispute with FinCEN and CFTC, a crypto derivatives exchange BitMEX has agreed to pay up to $100 million. Companies
deal

FXCM is the Winner of the Best Zero Commission Broker Award for 2021 FXCM is honored to have won ADVFN's Best Zero-Commission Broker award for the year 2021. A zero-commission broker is one who does not charge a fee to facilitate trades initiated by clients. Banks and Finance
money, bills, coins

Morgan Stanley Hires Two $1.3 million JP Morgan Private Bank Professionals Morgan Stanley is continuing to hire salaried private banking teams to support its wirehouse broker hiring initiatives. Banks and Finance
Playtech Responds to Gopher Investments' Accusation About the Finalto Bid

Playtech Responds to Gopher Investments’ Accusation About the Finalto Bid Playtech has restated its need for further information from Gopher Investments about its bid for Playtech's finance business Finalto, after Gopher claimed to have supplied all of the information requested. Companies
Crypto Mining Liquidity Provider News

Senators Seek to Exclude Cryptocurrency Miners From New Tax olicies in the United States Supporters of the crypto sector in the United States Senate proposed an amendment to the bipartisan infrastructure bill to clarify that miners and suppliers of crypto services would not be forced to comply with new tax-reporting regulations on crypto brokers. Crypto
Goldman Sachs joins Wall Street competition Liquidity provider news

Goldman Sachs Joins Wall Street Competition in Raising Junior Banker Pay Goldman Sachs is raising the salaries of its junior bankers, the last big Wall Street business to do so in a year marked by record deal making activity and strong rivalry for employees. Banks and Finance Discover
Barclays liquidity provider news

Barclays Surpasses Profit Expectations and Increases Shareholder Payouts On Wednesday, Barclays surpassed second-quarter profit estimates and increased shareholder dividends, with record earnings in its investment banking and equities divisions. Companies
PayPal gathers team for cryptocurrency initiative in Ireland

PayPal Gathers Team for Cryptocurrency Initiative in Ireland Payment service Paypal is recruiting for new positions directly related to Bitcoin and other cryptocurrencies in its Ireland branch. This way the company shows its ambitions in the fast-growing sector of digital assets. Companies
Binance Ceases Crypto Derivatives Trading in Europe

Binance Ceases Crypto Derivatives Trading in Europe The most troubled cryptocurrency exchange Binance continues to restrict its services in response to growing regulatory scrutiny throughout the world, namely by partially shutting down derivatives trading. Crypto
fxcm office

Increased Volatility Generates $4.9 Million in Profits for FXCM UK FXCM released its annual financials for the fiscal year ended December 31, 2020, reporting a net profit of over $4.9 million. This is important because the firm lost more than $1.2 million in 2019, indicating a 518.8% increase. Companies
Xopenhub update

New Features are Available for X Open Hub X Open Hub has released a new version of its X Open Hub Insider. Additional deposit options and features, as well as optimizations and five new languages, are among the new additions. Companies
Mastercard

Mastercard is Launching a new Cryptocurrency and Blockchain Initiative Mastercard Inc, an American card services company, says it aims to make it easier for its customers to acquire, spend, and store cryptocurrencies. MasterCard has been a part of the digital currency ecosystem since 2015. Crypto
FXCM Australia

“Save Money, Sleep Better” — the New Initiative by FXCM Australia FXCM Group, the world's leading provider of online foreign exchange, is launching a new ‘Save Money, Sleep Better' campaign in Australia. The new campaign offers zero rollover fees for customers holding overnight trades in selected Indices, Gold and Silver. Companies
The Future Of Cryptocurrency

Leaders in Cryptocurrency Industry Move to Curb the Highest-Risk Trades On Sunday, two of the world's most prominent cryptocurrency exchanges announced that they will restrict a type of high-risk trading that has been blamed in part for the rapid change in the price of Bitcoin and the gambling atmosphere on similar platforms throughout the world. Crypto Discover
Dollar bills, Bitcoin

China is Pushing Money out of the United States with Bitcoin Instead of declaring war on cryptocurrency Chinese authorities appear to be putting things in order to further weaken the U.S. economy. China was pursuing a more calculated strategy, imposing reciprocal penalties and exporting its goods through intermediary nations. Banks and Finance
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