
Articles
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1 week ago |
economywatch.com | ALi RaZa |Ali Raza
Michael Saylor, the executive chairman of Strategy (formerly MicroStrategy) recently posted a Bitcoin tracker on X which displayed Bitcoin’s current metrics. The post, made on April 13, was taken by many as a signal that his company is preparing for even more large-scale Bitcoin acquisitions, sparking speculations across the platform.
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1 week ago |
economywatch.com | ALi RaZa |Ali Raza
UK Chancellor Rachel Reeves recently confirmed that Nikhil Rathi was reappointed as the Financial Conduct Authority’s (FCA) chief executive. With his reappointment, Rathi’s second term will now last until 2030. Following his return to the FCA office, Rathi will work alongside the UK government on Reevs’ Regulatory Action Plan, which is meant to reduce the administrative cost of regulation on business by 25%.
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1 week ago |
economywatch.com | ALi RaZa |Ali Raza
Albert Saniger, the founder and former CEO of an AI-based tool that promised the ability to automate online shopping checkouts, was charged with fraud due to claims that the process was not automated at all. As it turns out, it was actually carried out by human workers based in the Philippines. The nate app was founded in 2018, when it emerged as an advanced tool claiming to use AI to help users buy products from any e-commerce website with a click of a button.
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1 week ago |
fxdailyreport.com | ALi RaZa
Standard Chartered recently started working with a popular crypto exchange OKX, developing a collateral mirroring program that would allow institutional clients to use crypto and tokenized money market funds as off-exchange collateral for trading. The two companies said that the program will be marked by elevated security and capital efficiency — two things that institutional clients value most.
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1 week ago |
fxdailyreport.com | ALi RaZa
The UK’s financial watchdog, the Financial Conduct Authority (FCA) recently raised concerns over the way trading apps engage with retail investors. The concerns emerged after the regulator reviewed 12 companies, which revealed major shortcomings in their pricing models, digital engagement features, and risk assessments. According to the review, some companies only act as introducers, and then direct their clients to affiliated platforms.
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