Latest Markets News: Finextra Research

US Treasury sets out crypto tax reporting proposal

Cryptocurrency exchanges and payment processors in the US will be required to report information on their users' transactions to the Internal Revenue Service under a new Treasury proposal.

28 August 2023

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Yahoo buys social investing platform Commonstock

Yahoo has acquired Commonstock, a social platform that lets retail investors link their brokerage accounts and share their portfolio's performance and discuss their trades and strategies. Terms of the deal were not disclosed.

24 August 2023

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Better.com goes public

After a tumultuous two years that saw its CEO hit the headlines for laying off staff via Zoom, digital mortgage outfit Better.com is set to go public via a Spac merger.

24 August 2023

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JPMorgan metals taders jailed over market manipulation scheme

Two former precious metals traders at JPMorgan Chase have been sentenced to prison for engaging in fraud, attempted price manipulation, and spoofing as part of a market manipulation scheme that spanned over eight years, involved tens of thousands of unlawful trading sequences, and resulted in over $10 million in losses to market participants.

23 August 2023

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Morgan Stanley hit with £5.4 million fine after energy traders used WhatsApp

UK energy regulator Ofgem has fined Morgan Stanley £5.41 million over the use by traders of WhatsApp messages on private phones to discuss market transactions.

23 August 2023

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Lightyear launches business investment account

Retail investment platform Lightyear is moving into the small business market, launching UK business accounts and opening access to money market funds for freelancers and sole directors in the UK via a partnership with BlackRock.

23 August 2023

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TT boosts cross-asset offering with Abel Noser Solutions acquisition

Capital markets tech vendor Trading Technologies has agreed to buy Abel Noser Solutions (ANS), a provider of transaction cost analysis for investment managers, brokers, asset owners and consultants. Financial terms of the deal were not disclosed.

22 August 2023

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SEC charges fintech investment adviser with violating marketing rule

The Securities and Exchange Commission has charged fintech investment adviser Titan Global Capital Management USA with misleading investors with advertisements about performance metrics.

22 August 2023

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Slovenia ranked as EU's most crypto-obsessed country

Slovenia has emerged as the most 'crypto-obsessed' state in Europe, according to recently published research.

21 August 2023

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India central bank to launch credit tech platform

The Reserve Bank of India (RBI) is planning to develop a public technology platform for credit transactions.

21 August 2023

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Irish fintech funding slows down

Funding levels in Ireland's fintech sector have fallen again in the last 12 months due to economic and geopolitical challenges.

21 August 2023

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Survey suggests industry divided on CBDCs

The majority of finance professionals do not support the launch of central banking digital currencies (CBDCs) according to recently published research.

17 August 2023

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