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Posts published by “Solomon Oladipupo”

AstroPay Deepens European Sports Involvement with Tottenham Hotspur Deal

Days after renewing its partnership with Wolverhampton Wanderers Football Club, international payments provider AstroPay, has inked a new deal with another English football club, Tottenham Hotspur. The club announced the collaboration on Friday, noting that AstroPay is its new Official Payment Partner.AstroPayers, we are thrilled to announce that AstroPay is now the Tottenham Hotspur Official

Dukascopy Grapples with 80% Profit Decline in H1 after Upswing in 2022

Switzerland-based Dukascopy released an interim consolidated statement of income today (Friday), reporting that its profit nose-dived by 80% to CHF 889,000 during the first six months of this year. The figure fell from CHF 3.9 million posted during the same period in 2022. Dukascopy's Trading Revenue Shrinks in H1As a globally-oriented Swiss company...

Are Social Traders Laggards? Research by Germany’s BaFin Suggests So

A knowledge gap exists between investors who deploy social trading for their investments and those that rely on more traditional methods, a recent study commissioned by the German Federal Financial Supervisory Authority (BaFin) has found. The study suggested that traditional investors outpace social traders in terms of financial knowledge and literacy.Traditional vs...

Robinhood’s Revenue Up 10% in Q2, but Active Users Drop by 1M

After generating a massive net loss of $511 million during the first quarter of the year, Robinhood has returned a net income of $25 million, according to its second-quarter results released today (Wednesday). The American commission-free online trading provider also saw its revenue jump 10% to $486 million during the recent quarter.Five Consecutive Quarters of

DOJ Weighs Fraud Charges against Binance, Worried about Bank Run: Report

US prosecutors are mulling over whether to initiate criminal charges against Binance, thereby turning the heat on 13 civil charges filed by the securities watchdog against the top crypto exchange earlier in June, Semafor reported today (Wednesday), citing insider sources. However, the Department of Justice (DOJ) is worried that such action could lead to a

Investors Sue 5 Owners of Defunct Broker FxWinning for $28M, Allege Fraud

A group of investors led by Cody Kerns have dragged defunct online forex trading firm, FxWinning Limited, and its five owners to court over allegations of fraud and deceptive trade practices. Sanchez Fischer, the South Florida-based law firm representing the investors, announced the lawsuit today (Wednesday) noting that the legal action was initiated last week...

Spain Registers eToro as Crypto Exchange, Custody Services Provider

The Bank of Spain has registered eToro as a virtual asset exchange and electronic wallet custody services provider in the country. The Israel-based social trading and investment firm announced the development today (Friday), noting that it secured the registration about a month ago.eToro Secures Spanish RegistrationeToro said the registration...

Ethereum Community Raises Expectations High as ‘Shapella’ Upgrade Nears

Positive momentum is building up for the upcoming upgrade to Ethereum, a decentralized blockchain with smart contract functionality, a survey by OKX, a Seychelles-based cryptocurrency exchange, has found. The two-part Shanghai-Capella event, which has been dubbed the ‘Shapella’ upgrade, is now scheduled for April 12. The upgrade is expected to enable users on Ethereum to

TP ICAP’s Parameta Solutions Gets ESMA’s Nod to Administer Benchmark

Parameta Solutions, the data and analytics division of TP ICAP, has been approved by the European Securities and Markets Authority (ESMA) to provide benchmark services. With the go-ahead, Parameta Solutions has become the first data provider to administer over-the-counter benchmarks and indices across Europe and the UK...