BaFin Probes Operators of
Ga-Te Websites
The German
financial supervisory authority BaFin is investigating the operators of the
websites ga-te.vip and ga-te.cc on suspicion of offering illegal financial
services.
Victims are
typically contacted via private social media chats, with subsequent deposits
accepted in cryptos to obscure the money trail.
The
operators of the websites have not provided complete company information and
are believed to be offering financial services in the country without the
proper authorizations.
APBG Capital Licence
Cancelled by ASIC
The
Australian Securities and Investments Commission (ASIC) has revoked the
Australian financial services (AFS) license of APBG Capital Pty Ltd. The authorization
empowered APBG Capital to deal with managed investment scheme interests and
provide financial advice to wholesale clients.
The move to
cancel the license was driven by APBG Capital’s decision to cease its financial
services business. APBG Capital retains the right to seek a review of ASIC’s
decision through the Administrative Appeals Tribunal.
Bitpanda Introduces
High-Yield Cash Plus Feature
Bitpanda,
the Austrian-based crypto exchange, has launched Bitpanda Cash Plus, a new
feature offering high yields on cash deposits.
“We
believe we have built the best product available on the market, because it
combines market leading returns with low volatility, 24/7 availability, no
minimum deposit, no lock ins, and no hidden fees,” Eric Demuth, the CEO of
Bitpanda commented.
This
enables users to automatically invest their EUR, GBP or USD deposits into money
market funds, presenting an alternative to the low-interest rates on
traditional savings accounts. The new product is designed to deliver better
returns with low volatility, no minimum deposit and no hidden fees. According
to the company, it offers a simple means of generating additional return on
investment.
Have you ever wished your money would continue to generate returns while you’re plotting your next investment? Now it can.With Bitpanda Cash Plus we’re revolutionising savings with high-yield returns and 24/7 availability for EUR, GBP, and USD. pic.twitter.com/JfZXslFqgx
— Bitpanda (@Bitpanda_global) June 15, 2023
TradingView Teams Up with
StakingRewards
Market-charting
platform TradingView continues to expand its reach, now being featured on
StakingRewards.com, a staking data and research portal.
Established
in 2017, Staking Rewards aims to democratize access to staking and offers a
vast array of insights and investment tools for both individual and
institutional investors.
Staking
Rewards’ API is employed by companies like Bloomberg, Coinbase, and Binance,
and its integration of TradingView technology emphasizes its ongoing innovation
in the staking industry.
Devexperts Unveils Options
Trading Platform
Software
solutions provider Devexperts has introduced a new turnkey options trading
platform for brokers handling equities and options. Known for decades-long
partnerships with US brokers, Devexperts now avails its technology to brokers
globally.
Upon
acquiring the license to use the platform, brokers receive a comprehensive risk
management system, along with web trader and mobile apps for both professional
and beginner investors. The platform allows brokers to monitor their clients’
accounts and trading risks in real-time.
New Directors Join StrikeX
Technologies
StrikeX
Technologies Ltd. has welcomed Laurence Booth and Simon Campbell from CMC
Markets Plc to its board of directors. Booth has two decades of experience
managing execution services across multiple asset classes and geographies. Campbell,
Group Head of Trading at CMC Markets, brings a wealth of experience poised to
drive StrikeX’s continued growth.
Prior to
joining CMC, Booth held senior roles with several major investment banks, while
Campbell boasts a strong background in quantitative finance.
Backbase Acquires Nucoro
Engagement banking
software provider Backbase has announced its acquisition of UK-based digital
wealth platform Nucoro.
This move
will allow Backbase to integrate Nucoro’s platform capabilities into its own engagement
banking platform. It will also facilitate the launch of digital investment
services like robo-advisory or hybrid advisory services.
The newest
acquisition aligns with a growing trend for retail banks to launch
differentiated investment propositions and signals Backbase’s commitment to
facilitating better investing experiences.
Torstone Partners with
CGS-CIMB
Torstone
Technology, a provider of post-trade securities and derivatives processing
solutions, has announced a strategic partnership with CGS-CIMB Securities, a securities
house from the Asia-Pacific region.
With the
use of Torstone’s platform, CGS-CIMB Securities aims to improve automation and
streamline its operations. This partnership expands Torstone’s footprint in
Asia. The company is eager to use its strong local teams in Singapore, Tokyo
and Hong Kong to support CGS-CIMB Securities.
This article was written by Damian Chmiel at www.financemagnates.com.
