Chicago Mercantile Exchange (CME), one of the world’s largest derivatives marketplaces, plans to launch crypto Ether (ETH)/Bitcoin (BTC) ratio futures on July 31, 2023. This is even as Cboe BZX Exchange, one of four equities exchanges operated by Cboe Global Markets, approached the US securities watchdog on Thursday, requesting permission to list the Wise Origin […]
Category: STO News
Revolut Expands Super App with Robo Advisor Launch in US
Revolut, a London-based neobank, has expanded its suite of products and services by introducing a robo-advisor to its super app for users in the United States. The advisor helps users to automate their investment portfolios, thereby “removing the friction from investing,” Revolut said in a blog post published today (Thursday). Revolut Follows the Robo Advisory […]
Storj Climbs Amid Market Pullback
On Monday, Bitcoin briefly dropped under $30,000 before moving back above the key psychological level. As of writing, the largest cryptocurrency has been trading at $30,669, up 0.6% in the past 24 hours and 1.3% in the past week. Impressively, Bitcoin has been maintaining its position above the $30k threshold for the fifth consecutive day. […]
Coinbase Dismisses SEC Allegations, Claims ‘Extraordinary Abuse of Process’
Coinbase, a cryptocurrency exchange, has filed a response against the allegations from the Securities and Exchange Commission (SEC), saying the claims “lack all merit.” It also argued that even if the SEC’s assertion of regulatory power over its cryptocurrency services was correct, the watchdog’s action still violates its “due process rights and constitutes an extraordinary […]
Wyoming-Based Invest Inc. Launches New AI Tool for Retail Investors
The fintech and advertisement technology company, Invest Inc., has launched a Machine Learning investment research platform. The new platform provides investors with Artificial Intelligence-enabled technology to guide them through making investment decisions. Invest Inc. Bets on AI The investment research company, which claims to offer personalized institutional-grade market insights to investors, said the new platform […]
Centralized Exchange Landscape Evolving as Platforms Adapt to Regulations
Amid the excitement over the past two weeks, stemming from various ETF applications, a variety of developments have occurred involving centralized exchanges as each adapts to increasing oversight and a changing regulatory landscape. The following are a few examples of this. FTX to Restart? As it stands, the bankruptcy proceedings involving disgraced exchange FTX still […]
The Role of Regtech in Sustainable Finance
Sustainable finance, often known as green finance, has grown in popularity in recent years as firms and investors recognize the importance of aligning financial activities with environmental and social goals. However, corporations may find it difficult to ensure compliance with sustainability requirements and manage the complexities of sustainable finance. This is where regulatory technology, or […]
Coinbase Up 3% as Firm Takes a Stand Against SEC Lawsuit
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Coinbase filed a motion on June 29 to dismiss the recent lawsuit against it filed by the US Securities and Exchange Commission (SEC), saying the regulator acted beyond its regulatory scope in the recent […]
Saxo Bank Sells Stake in RegTech Firm to Majority Owner Geely Group
Saxo Bank has sold its stake in the regulatory technology (RegTech) platform, Saxo Fintech, to its largest shareholder, China-based Geely Holding Group, in a major move targeted at “strengthening its focus on core business and market.” The Danish investment bank and online trading provider announced the sale today (Thursday), noting a change in its ownership […]
SoftBank Subsidiary to Develop Generative AI Tools for Enterprises
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. SoftBank Group’s telecom arm will invest significant funds into developing generative artificial intelligence (AI) products to target Japanese enterprises. The conglomerate will begin building its AI infrastructure by the end of this year, Nikkei […]
