Platform Financial News

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content

Pershing Square's Bill Ackman is set to offer a new investment vehicle listed on the New York Stock Exchange, aiming to leverage his following among Main Street investors.

SGB's new tranche opens next week: Sovereign Gold Bond Series 2023-24 Series IV will open for subscription next week. SGB Scheme 2023-24 Series 4' will be open from 12 Feb'24 to 16 Feb'24 for 5 days. Investing in SGB is a safe way to invest in gold instruments that are backed by the government.

Amidst the ongoing surge of interest in artificial intelligence (AI) technologies, investors are eagerly seeking out opportunities in the stock market that promise significant growth potential.

Shares of Pinterest (NYSE:PINS) fell roughly 16% following the closing bell on Thursday after the social media company missed Q4 revenue expectations and issued soft guidance for the March quarter.

Startup enfineo is building an alternative to your usual cryptocurrency wallets with a focus on traditional banking and finance. enfineo guarantees that the platform seamlessly integrates conventional banking with the dynamic world of cryptocurrencies, allowing users to manage their savings accounts, cryptocurrencies such as Bitcoin, Ethereum and other membership cards in one place without extra efforts and cost.

The world of cryptocurrencies is constantly evolving, and new projects often emerge with ambitious goals and innovative solutions. One such project that has been gaining attention in recent times is Retik Finance (RETIK), which is being hailed as a potential rival to the popular blockchain platform Solana. Analysts are predicting that RETIK, currently priced at just $0.11 in its ongoing presale stage 9, has the potential to soar to an impressive $19 by the year 2024 post-launch.

Responding to a consultation exercise that kicked off in February, HM Treasury and the Bank of England emphasise that no final decision has been made to pursue a digital pound. Instead, work will continue during the design phase exploring its feasibility and potential design choices. The feedback from respondents from a range of industries and organisations was largely supportive of the proposed design set out in the 2023 Consultation Paper, while other respondents raised concerns about the implications of a digital pound for access to cash, users’ privacy, and control of their money. To address these concerns, HM Treasury confirms that if a digital pound were to be implemented, primary legislation would be introduced, and this would guarantee users’ privacy and control.

9 February 2024 [Lisbon, Portugal]: Common Wealth, the powerful, all-in-one platform for early-stage Web3 investments, today announces the launch of a world-first initiative: a Free “earn-to-own” VC Fund. This launch represents a completely novel fusion of community-driven Web3 principles with the sophistication of venture capital investment. The initiative will see Common Wealth’s first fund opening up the venture capital sector to the masses, ensuring that the power of early-stage access in Web3 is now in the hands of the community it serves.

TDLR:

In November 2023, a New York Judge approved Celsius to form a restructuring plan to repay customer assets.

A 2022 Citi report predicted that the Metaverse economy could be worth up to $13 trillion by 2030. While the buzz has since subsided, the BIS says that if the metaverse does succeed there will be important implications for the digital economy that will see new demands on payment services, "for instance that they be fast, programmable and cross-border". Metaverse promotors such as Meta have talked up the role of cryptocurrencies and stablecoins. However, the BIS paper argues for the importance of competition, interoperability, consumer protection and data privacy. With this in mind, CBDCs and interlinked domestic fast payment systems could prove better options.

Solana (SOL), a high-performance blockchain platform, has reached a significant milestone with its transaction volume surging to a one-year high. Memecoin activity has been one of the driving factors behind this surge, but can any of the Solana memecoins keep up with Meme Mogul’s token during the presale stages? Let’s jump into the details.

Osborne, who was chancellor between 2010 and 2016, joins the US giant as it looks to expand internationally and faces up to a host of regulatory challenges, including an SEC lawsuit claiming it has operated its crypto asset trading platform as an unregistered national securities exchange, broker and clearing agency. Osborne was onstage as moderator last year when Coinbase CEO Brian Armstrong made headlines for suggesting the company could move its headquarters out of the US over regulatory frustrations. Says the ex-chancellor: "There’s a huge amount of exciting innovation in finance right now.

The product, which utilises the on-chain issuance product framework offered by UBS Tokenize, is a call warrant with Xiaomi Corporation as the underlying stock. Billed by the bank as the "first natively issued warrant on a public blockchain" the warrant was sold to OSL Digital Securities Limited, a licensed virtual asset platform operator.Winni Cheuk, head of sales, Apac public distribution, UBS Global Markets says: "Created natively on a public blockchain in a permissioned environment, this innovative product enhances transparency, reduces transaction fees, streamlines settlement processes, and allows for more flexible trading hours.”UBS Tokenize is part of the Swiss bank's ongoing work in tokenization services and distributed ledger technology.

The deal means BitGo will offer a single platform to service both traditional private securities and blockchain-based assets globally, allowing for the tokenisation of real world assets.The crypto firm - which was valued at $1.75 billion in a 2023 funding round - gets a technology stack including multi-asset custody, advanced capital formation solutions and streamlined record-keeping and transfer agent services.Mike Belshe, CEO, BitGo, says: "We currently have a dichotomy in financial services - one side deals with traditional securities and the other deals with up-and-coming blockchain-based assets and cryptocurrencies.

Is the boss who’s giving you an order real or just realistic? Deepfakes are taking Zoom calls to another level of awkwardness, making us question whether our co-workers are genuine. A finance worker in Hong Kong transferred more than $25 million to scammers after they posed as his chief financial officer and other colleagues on a video conference call, marking perhaps the biggest known corporate fraud using deepfake technology to date. The worker had been suspicious about an email requesting a secret transaction, but the scammers looked and sounded so convincing on the call that he sent the money.

Sam Lee, 35, an Australian citizen residing in Dubai was charged for allegedly co-founding 'too-good-to-be-true' online investment platform HyperFund. Rodney Burton, 54, of Miami, and Brenda Chunga, 43, of Maryland, were promotors of HyperFund.According to court documents, HyperFund’s promotional materials allegedly made various false claims, including that investors who purchased HyperFund “memberships” would receive between 0.5% to 1% daily in passive rewards until the company either doubled or tripled the investor’s initial investment. To convince investors that it could make such payments, HyperFund allegedly claimed that its payments would be disbursed in part from its revenues from large-scale crypto mining operations, when in truth, HyperFund did not have such operations.

Considering Apple's compliance with the EU regulation, should competition authorities in India also mandate the company to accept the installation of alternate app stores and non-Apple payment gateways? Probably not. A more sensible approach would be to accept Apple’s App Store and Google’s Play Store as natural monopolies in their spheres and regulate the tariff, without compromising the security and integrity of these platforms.

The US Securities and Exchange Commission (SEC) said on Tuesday that a post sent from the agency's account on the social media platform X announcing the approval of a long-awaited bitcoin exchange-traded fund (ETF) was "unauthorised," and that the agency's account was hacked.