Paxos International, based in the United Arab Emirates, has announced the launch of Lift Dollar, with the ticker symbol USDL. The stablecoin will offer returns to its holders, and it will only be available in eligible markets. The stablecoin issuer plans to establish partnerships with other players within the crypto industry to expand the distribution…
“The business models used by firms engaged in prop trading (technically funded trader services) can take various forms, some of which may be subject to the MiFID regulatory framework,” the Czech National Bank told Finance Magnates exclusively. In this context, It’s worth mentioning that one of the top prop trading companies, FTMO, is domiciled in…
By JustMarkets On Wednesday, the Dow Jones (US30) rose 0.25%, while the S&P 500 (US500) rose 1.18%. The NASDAQ Technology Index (US100) closed yesterday at a positive 1.96%. Stock indices rose on Wednesday, with the S&P 500 and Nasdaq 100 setting new all-time highs and the Dow Jones Industrials rising to a 1-week high. The strength in chip maker stocks on Wednesday led tech stocks…
New York City, June 6, 2024 / AlexaBlockchain/ – As we celebrate the 6th anniversary of the Arweave ecosystem, it’s incredible to witness the exponential growth and impact it has had on decentralized storage. Since its inception, Arweave has enabled permanent storage of vast amounts of data, revolutionizing data storage and security. This milestone highlights the success of Arweave and the…
Robinhood Markets, Inc., is set to acquire global crypto exchange Bitstamp to expand its reach outside the US. The acquisition, which is expected to close in 2025, will become Robinhood’s first institutional buy. Robinhood Eyes Global Expansion Robinhood’s trading platform announced it had agreed to buy Bitstamp to increase its global presence. The acquisition will…
Shares of Orchid Pharma Ltd shot-up 9% higher on 6 June after the company announced receiving approval from the Drugs Controller General of India (DCGI) to market the company’s antibiotic drug combination that is used for the treatment of complicated urinary tract infection (UTI). The company in its regulatory filing said that the DCGI has…
By Jeffrey Hart, Auburn University As the saying goes, “There are lies, damn lies and statistics.” And on the first Friday of every month, the American public gets a ton of new statistics to peruse. That’s when the U.S. Bureau of Labor Statistics releases its latest jobs figures. Within minutes of the data drop, news…
Atlantic Union Bank, based in Virginia, has integrated American National Bank and Trust Company’s branches and operations. This completes its merger, which was announced in summer 2023, according to a press release. “Following our detailed merger integration playbook to seek to ensure a smooth transition, our teammates have worked diligently on the data conversion and…
In the ever-evolving landscape of trading, having the right tools can make all the difference between success and failure. EA Builder is a revolutionary web-based application designed to simplify the creation of custom indicators and automated trading strategies for MetaTrader 4, MetaTrader 5, and TradeStation. Whether you are a seasoned trader or just starting, EA…
June S&P E-mini futures: Inflation is coming down and the Fed is unlikely to tighten any more. My long-standing 5400 target has nearly been reached but may well prove too conservative. The 6000 level seems a better bet by the end of the year. QQQ: Support is now 445. Next resistance is 466. TNX (ten…