Forex Industry News

Is OpenAI the Next Big Social Media Player? Sam Altman Teases Bold Expansion

By Finance Magnates

Is OpenAI the Next Big Social Media Player? Sam Altman Teases Bold Expansion

OpenAI is reportedly developing a social media platform, a potential competitor to Musk’s X and Meta’s Instagram, that could mark a major shift in the AI company's expansion plans.

OpenAI

Sam Altman

پاسخ

German Regulator Orders Stablecoin Issuer Ethena to Cease Operations, Cites MiCA Compliance Breaches

News Discussion Forum

By Finance Magnates

German Regulator Orders Stablecoin Issuer Ethena to Cease Operations, Cites MiCA Compliance Breaches

Germany’s financial watchdog has made its first major enforcement move under the European Union’s new crypto regulatory framework, ordering Frankfurt-based Ethena GmbH to shut down operations and l...

Bafin

Ethena Labs

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UK’s FCA Opens First-Ever Overseas Offices in US, Asia to Promote Cross-Border Investment

News Discussion Forum

By Finance Magnates

UK’s FCA Opens First-Ever Overseas Offices in US, Asia to Promote Cross-Border Investment

In a move to strengthen its global presence, the UK’s Financial Conduct Authority (FCA) announced its first-ever international expansions into the United States and Asia-Pacific.

fca

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XRP Awaits Direction; Ripple CEO Garlinghouse Sees Bitcoin Hitting $200K

News Discussion Forum

By Finance Magnates

XRP Awaits Direction; Ripple CEO Garlinghouse Sees Bitcoin Hitting $200K

Ripple CEO Brad Garlinghouse has said that Bitcoin could reach $200,000 by the end of the year. He made the comment during an interview with Fox News.

XRP News

XRP

ripple. xrp

Ripple

Ripple News

crypto

cryptocurrency

bitcoin

پاسخ

Mantra’s OM Token Jumps Nearly 50% After $5B Crash, Sparking Terra Comparisons

News Discussion Forum

By Finance Magnates

Mantra’s OM Token Jumps Nearly 50% After $5B Crash, Sparking Terra Comparisons

Just one day after a devastating crash wiped out billions in value, Mantra’s OM token staged a dramatic rebound, surging nearly 50%.

Mantra Network

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Neobank Bunq Files for Broker-Dealer Registration in the US; Reports 65% Profit Growth

News Discussion Forum

By Finance Magnates

Neobank Bunq Files for Broker-Dealer Registration in the US; Reports 65% Profit Growth

Dutch digital bank Bunq announced that it has filed for broker-dealer registration in the US as its efforts to expand into the US market.

Neobanks

Bunq

broker

license

US banking license

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From Market-Making to Community: The Real Work Behind Successful Crypto Tokens

News Discussion Forum

By Finance Magnates

From Market-Making to Community: The Real Work Behind Successful Crypto Tokens

Deployment is just the beginning. Community support and engagement are key to long-term success

crypto

پاسخ

CySEC Reports €10.1 Billion in AUM as Cyprus-Based Funds Hold 75% Share in Q4 2024

News Discussion Forum

By Finance Magnates

CySEC Reports €10.1 Billion in AUM as Cyprus-Based Funds Hold 75% Share in Q4 2024

CySEC has published its latest report on the Collective Investments sector, covering the fourth quarter of 2024.

cysec

retail

fintech

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How High Can Bitcoin Go? This Expert Predicts BTC Price Jump to $137,000

News Discussion Forum

By Finance Magnates

How High Can Bitcoin Go? This Expert Predicts BTC Price Jump to $137,000

Discover why Bitcoin price could soar to $137,000 by Q3 2025, driven by U.S. Treasury liquidity injections and bullish technicals. Explore expert insights, market drivers, and BTC price predictions for 2025.

bitcoin

Bitcoin news

BTC

crypto

prediction

پاسخ

Exness Wins Best Broker in LATAM at iFX EXPO LATAM 2025

News Discussion Forum

By Finance Magnates

Exness Wins Best Broker in LATAM at iFX EXPO LATAM 2025

The accolade reflects Exness’ continued growth and reputation across Latin America.

Exness

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Amazon Web Services Outage Disrupts Binance, KuCoin Withdrawals: Trading Disruptions Continue

News Discussion Forum

By Finance Magnates

Amazon Web Services Outage Disrupts Binance, KuCoin Withdrawals: Trading Disruptions Continue

Cryptocurrency exchanges Binance and KuCoin temporarily halted withdrawals Monday following a reported disruption at AWS.

Amazon Web Services (AWS)

binance kucoin

crypto

cryptocurrency

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Jeton Ranks #374 on the Financial Times List of Europe’s 1,000 Fastest-Growing Companies

News Discussion Forum

By Finance Magnates

Jeton Ranks #374 on the Financial Times List of Europe’s 1,000 Fastest-Growing Companies

Jeton’s inclusion follows a year of continued growth, including a strategic rebranding

payments

پاسخ

IG Drops Guaranteed Stop Loss Fees as Trump Tariffs Rock Markets

News Discussion Forum

By Finance Magnates

IG Drops Guaranteed Stop Loss Fees as Trump Tariffs Rock Markets

Publicly listed retail trading company IG (LSE: IGG ) has temporarily suspended fees for guaranteed stop losses on spread betting accounts through the end of April, as market turbulence triggered b...

IG Group

stop loss

Trump Tariffs

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WhiteBIT Unveiled New Institutional Services at Liquidity 2025

News Discussion Forum

By Finance Magnates

WhiteBIT Unveiled New Institutional Services at Liquidity 2025

WhiteBIT participated as a Golden Partner at Liquidity 2025.

WhiteBIT

پاسخ

US Forex Brokers Hold Over $500 Million in Client Funds, CFTC Data Shows

News Discussion Forum

By Finance Magnates

US Forex Brokers Hold Over $500 Million in Client Funds, CFTC Data Shows

U.S. retail forex brokers held approximately $527 million in client obligations as of February 2025, according to the latest regulatory data from the Commodity Futures Trading Commission (CFTC).

forex deposits

Forex Brokers

USA

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XTB Advances 4% to All-Time High After 10 Million Zlotys Share Buyback Announcement

News Discussion Forum

By Finance Magnates

XTB Advances 4% to All-Time High After 10 Million Zlotys Share Buyback Announcement

XTB shares climbed to an all-time high today (Tuesday), surging more than 4% as investors responded positively to the company's 10 million zlotys share buyback program launched the previous evening.

xtb

share buyback

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Business Transfers Boom at Wise, but Personal Accounts Still Dominate

News Discussion Forum

By Finance Magnates

Business Transfers Boom at Wise, but Personal Accounts Still Dominate

Wise (LON: WISE) announced today (Tuesday) that its quarterly cross-border volumes in the three months ended 31 March 2025 jumped by 28 per cent to £39.

Wise (TransferWise)

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eToro Users Gain Full Access to Hong Kong's $5 Trillion Market

News Discussion Forum

By Finance Magnates

eToro Users Gain Full Access to Hong Kong's $5 Trillion Market

eToro announced today (Tuesday) it will add all securities listed on the Hong Kong Stock Exchange (HKEX) to its platform in a phased rollout, expanding investor access to Chinese and Asian markets.

etoro

hkex

hong kong

china

پاسخ

Bank of America Avoids $2 Billion Hit, Pays Four Times Less in Regulatory Clash from 2017

News Discussion Forum

By Finance Magnates

Bank of America Avoids $2 Billion Hit, Pays Four Times Less in Regulatory Clash from 2017

Bank of America must pay $540 million to the US Federal Deposit Insurance ( FDIC ) in a years-long legal battle over deposit insurance assessments, a federal judge ruled Monday, resolving a dispute...

Bank Of America

Bofa

FDIC

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Scope Markets Taps HFM and Tickmill’s Former Exec Samer Alkhaldi to Lead MENA Region

News Discussion Forum

By Finance Magnates

Scope Markets Taps HFM and Tickmill’s Former Exec Samer Alkhaldi to Lead MENA Region

Scope Markets hired seasoned executive Samer Alkhaldi as Regional Head for MENA. Scope Markets confirmed the appointment this week, highlighting Alkhaldi’s more than ten years of experience in FX a...

Scope Markets HFM Tickmill

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Will Bitcoin Crash? Price Rebound Offers Miners Temporary Relief After Tough March

News Discussion Forum

By Finance Magnates

Will Bitcoin Crash? Price Rebound Offers Miners Temporary Relief After Tough March

Bitcoin miners faced growing pressure in March as profitability declined sharply amid falling prices and transaction fees. But this could change in April as the cryptocurrency’s price rebounded, hi...

Bitcoin (BTC)

پاسخ

Is XRP Moving Up Ahead of a Possible Ripple-SWIFT Integration?

News Discussion Forum

By Finance Magnates

Is XRP Moving Up Ahead of a Possible Ripple-SWIFT Integration?

XRP moved up after finding support below the $2. The price increase is linked to renewed speculation about a potential integration of XRP with SWIFT.

Ripple

ripple. xrp

XRP

XRP News

crypto

swift

پاسخ

Kraken Takes on Traditional Markets, Adds US-Listed Stocks and ETFs

News Discussion Forum

By Finance Magnates

Kraken Takes on Traditional Markets, Adds US-Listed Stocks and ETFs

Following recent positive crypto regulatory developments in the US, the Crypto exchange Kraken now offers access to over U.S.-listed stocks and ETFs.

Kraken

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Google Tightens Crypto Ad Policy in Europe to Comply with MiCA and CASP Regulations

News Discussion Forum

By Finance Magnates

Google Tightens Crypto Ad Policy in Europe to Comply with MiCA and CASP Regulations

Google will begin enforcing stricter rules for crypto advertisements in Europe. The change will start on April 23, announced the update on March 24.

MiCA

google

crypto

cryptocurrency

پاسخ

StoneX Eyes Derivatives Market with US Futures Broker R.J. O'Brien Acquisition

News Discussion Forum

By Finance Magnates

StoneX Eyes Derivatives Market with US Futures Broker R.J. O'Brien Acquisition

StoneX Group has announced plans to acquire R.J. O’Brien & Associates, a US futures brokerage firm. The deal is expected to close later this year.

StoneX

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Hantec Markets UK Returns to Profit in 2024 as Equity Rises to £5.5 Million

News Discussion Forum

By Finance Magnates

Hantec Markets UK Returns to Profit in 2024 as Equity Rises to £5.5 Million

Hantec Markets Limited, the UK subsidiary of the global forex and CFD broker, has returned to profitability for the financial year ended 31 Dec 2024.

hantec markets

Hantec Financial

retail FX

retail forex

retail brokers

retail

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Finance Magnates Partners with Cyprus Diaspora Forum 2025

News Discussion Forum

By Finance Magnates

Finance Magnates Partners with Cyprus Diaspora Forum 2025

Finance Magnates partners with Cyprus Diaspora Forum 2025, connecting global Cypriots, promoting business growth, and supporting international opportunities

Cyprus Diaspora Forum

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XTB Boosts Crypto CFDs Offerings for Institutions: Cuts Spreads by 60%

News Discussion Forum

By Finance Magnates

XTB Boosts Crypto CFDs Offerings for Institutions: Cuts Spreads by 60%

Polish brokerage giant XTB has strengthened its crypto contracts for differences (CFDs) offerings by reducing spreads by up to 60 per cent and increasing exposure limits from €1 million to €10 mill...

xtb

cryptocurency

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REALTYon 2025: The #1 Real Estate Expo in Cyprus Returns

News Discussion Forum

By Finance Magnates

REALTYon 2025: The #1 Real Estate Expo in Cyprus Returns

The much-anticipated REALTYon 2025 is set to take Cyprus by storm this year, returning for its third edition, at the spectacular City of Dreams Mediterranean in Limassol.

REALTYon

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Trading Meets AI: How OneRoyal’s Novel Tools Redefine Investing

News Discussion Forum

By Finance Magnates

Trading Meets AI: How OneRoyal’s Novel Tools Redefine Investing

The global CFD industry leader enhances its technology suite revolutionises the way traders engage with the financial markets

OneRoyal

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SEC, GTN, oneZero, and More: Executive Moves of the Week

News Discussion Forum

By Finance Magnates

SEC, GTN, oneZero, and More: Executive Moves of the Week

This week, new faces stepped into new roles, while others exited amid corporate reorganizations. In our weekly executive move segment, we sifted through for notable changes in the industry.

leadership changes

executive moves

executive

executive transitions

GTN

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How High Can XRP Go? Experts Predict 500% XRP Price Jump by 2028

News Discussion Forum

By Finance Magnates

How High Can XRP Go? Experts Predict 500% XRP Price Jump by 2028

XRP News: Discover the latest XRP price predictions from Standard Chartered, forecasting a rise to $5.50 by 2025 and $12.50 by 2028. Learn how high can XRP go and why XRP price is going up today!

XRP

ripple. xrp

XRP News

پاسخ

Weekly Recap: Ripple's Hidden Road Acquisition, Scammers Clone Broker Exante in the US

News Discussion Forum

By Finance Magnates

Weekly Recap: Ripple's Hidden Road Acquisition, Scammers Clone Broker Exante in the US

Ripple acquired Hidden Road . First things first: Ripple Labs, the crypto firm best known for its longstanding legal tussle with the SEC, is bringing crypto closer to the traditional financial space.