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Latest Results from /markets

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FCA implements permanent Digital Sandbox

The UK's Financial Conduct Authority has implemented a permanent Digital Sandbox, making the testpad available full-time for firms wanting to try out innovative technologies.

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UK Treasury rebuffs calls for crypto to be regulated as gambling

The UK Treasury has firmly rejected proposals by an all-party parliamentary committee for consumer trading in unbacked crypto such as bitcoin and ether to be regulated as gambling.

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Iceberg Data Lab launches ESG AI assistant 'Barbatus'

Green fintech Iceberg Data Lab has launched a new product that harnesses generative AI technology to generate real-time, text-based and fully sourced explanations in response to questions regarding the ESG data of portfolio companies.

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Portrait Analytics raises $7m for launch of AI research platform

Portrait Analytics, the startup behind a generative AI research platform for investment analysts, has brought its total capital raised to $10 million with an investment led by Unusual Ventures.

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FSB strengthens regulatory framework for crypto-assets

The Financial Stability Board (FSB) has published a global regulatory framework for crypto-asset activities based on the principle of ‘same activity, same risk, same regulation’.

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Celsius founder arrested on fraud charges

The former CEO of cryptocurrency lending platform Celsius Network, Alex Mashinsky, has been arrested on federal fraud charges.

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Ripple scores partial win in SEC lawsuit

Ripple did not violate federal securities law by selling the XRP token on public exchanges and through algorithms, a US judge has ruled in a major win for the cryptocurrency industry.

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FCA chief warns banks of AI risks and Big Tech threat

FCA chief Nikhil Rathi has urged banks to up their spending to combat the rise in AI and the threat of 'deep fake' fraud.

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Barclays RepoHack 2023 seeks industry ‘buy-in’ to re-shape post-trade repos

Barclays today opened registrations for the Barclays RepoHack 2023, an industry hackathon that will set market participants the challenge of building novel solutions for repo post-trade services.

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UK Government to set up Digital Securities Sandbox

The UK Government has opened consultations on the introduction of a Digital Securities Sandbox (DSS), to test innovative new market infrastructures for digital assets.

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UK turns to pension funds to unlock £50bn for high-growth firms

The UK government has laid out proposals designed to unlock tens of billions of pounds from pension funds to invest in start-ups and high-growth companies.

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Fintech funding slowdown accelerates in H1 2023

UK fintech funding has dipped in the first half of 2023, as total cash raised reached $2.9 billion in the first six months, a 37% slump compared to the later half of last year, according to new figures from industry body Innovate Finance.