Peter Haynes

4 days ago | thefinancialanalyst.net | Peter Haynes

Cryptocurrency exchange Bitget has reported detecting irregular trading activity on the VOXEL/USDT perpetual futures contract, prompting the exchange to roll back accounts suspected of market manipulation. This incident occurred on April 20, between 8:00 and 8:30 UST, during which Bitget identified “abnormal trading activity” that raised concerns about the integrity of the market.

1 week ago | thefinancialanalyst.net | Peter Haynes

Bragar Eagel & Squire, P.C. has announced an investigation into Mullen Automotive, Inc. (NASDAQ: MULN) on behalf of long-term stockholders. This legal scrutiny comes amid concerns regarding the company’s operations and governance, which may have implications for shareholders. The law firm is encouraging investors who believe they have claims against Mullen Automotive to reach out for more information.

1 week ago | thefinancialanalyst.net | Peter Haynes

The five central banks spearheading Project Nexus, a Bank for International Settlements (BIS) initiative, have taken a significant step forward. They have launched a procurement exercise to appoint a technical network operator. This move brings the project, aimed at interlinking domestic real-time payment rails across borders, closer to reality. Project Nexus is designed to provide a centralised single connection to instant payment networks worldwide.

1 week ago | thefinancialanalyst.net | Peter Haynes

Barclays has taken a significant step in its strategic overhaul, announcing a partnership with Brookfield Asset Management to offload its payments acceptance business. This move comes after months of speculation and valuation disputes, as the bank seeks to streamline its operations and focus on core competencies. The payments acceptance business, which has faced intense competition from fintech giants like Stripe, Adyen, and Dojo, has been a thorn in Barclays’ side.

1 week ago | thefinancialanalyst.net | Peter Haynes

Swift has thrown down the gauntlet, challenging the status quo of payment default investigations with a bold new service. The cooperative, which connects more than 11,000 financial institutions, has launched a case management service designed to slash operational costs and accelerate the resolution of delayed international payments. The problem is a familiar one. Banks worldwide spend a staggering $1.6 billion annually on labor-intensive processes to probe payments that go awry.