Dukascopy Bank, a Switzerland-based financial services provider, today announced that the company has secured a Qualified Derivatives Dealer (QDD) status. According to the official announcement, Dukascopy received the QDD status through an agreement with the US Internal Revenue Service Department. The newly achieved status has enabled Dukascopy to make dividend-equivalent […]

Cyprus-based Match-Prime has strengthened its liquidity pool by onboarding forex and CFDs broker Skilling to its network, the liquidity provider announced on Monday. The press release shared with Finance Magnates detailed that the Scandinavian broker signed a long-term agreement with Match-Prime, which only began to operate last October. Looking Forward to Meeting […]

The Cyprus Securities and Exchange Commission, popularly known as CySEC, announced on Monday that it has reached a settlement with the management of Prior Capital Cy Ltd, which was formerly known as PriorFx. The broker paid €100,000 to the Cypriot financial regulator for the settlement, which was reached with Prior […]

Capital.com, which offers forex and CFDs brokerage services, released its trading metrics for the first quarter of 2021, showing an excellent rise in activities. It reported the overall quarterly trading volume to be $82 billion, which is a gain of 78 percent from the previous quarter. But, the most highlighted […]

Swiss private equity firm, Guru Capital announced on Friday that it has entered into an agreement to acquire ‘substantially all the assets’ of United Kingdom-based fintech Oval Money Ltd.  The purchase will be made directly by UK-based forex and CFDs broker ETX Capital, which Guru Capital bought last year. The […]

Key Takeaways Elon Musk has announced that Tesla will no longer accept Bitcoin payments, citing environmental concerns. Tesla will still hold onto its Bitcoin and look for sustainable mining solutions, Musk says. Bitcoin, Ethereum, and various other crypto assets have dipped in response to the news. Tesla’s Bitcoin U-turn sends […]

Key Takeaways Yearn Finance released “Woofy” as an experiment to see if unit bias hindered the value of its YFI token. Since the release, YFI has seen a sharp rise in its price and Woofy is in the top 10 most traded coins on Uniswap v3. Yearn’s team is currently […]

Moneta Markets, a multi-asset brokerage, has launched fully integrated PAMM accounts to facilitate money managers and traders. The newly introduced PAMM services will allow money managers to open an account and trade various financial products including FX pairs, commodities, cryptos and CFDs. According to the official press release shared with […]