Weekly Roundup: Bybit Seeks Loan To Cover Hack, OneZero Buys Autochartist

Finance & Trading Highlights

Big moves in finance: oneZero bought Autochartist, eToro got a MiCA license, and major banks (HSBC, Citi, RBC, Morgan Stanley) got hit with $100M+ fines. XTB expanded to Chile, iSAM Securities hired Caroline Xu, and FlowBank’s liquidation is almost done. Plus, DriveWealth and 26 Degrees extended trading hours, and CFI Financial brought on Carla Nemr.

oneZero acquires Autochartist

oneZero Financial Systems has announced the acquisition of Autochartist, the provider of client engagement automation through market data-driven content founded in 2004 by Ilan Azbel. Read More

iSAM Securities appoints Caroline Xu as Sales Director in Hong Kong

iSAM Securities has announced the appointment of Caroline Xu as Sales Director in the Hong Kong office as part of the Prime of Prime broker’s push for growth within the Asia Pacific region. Read More

eToro secures MiCA license for crypto offering in Europe

eToro has announced the the Cyprus Securities and Exchange Commission (CySEC) granted its EU subsidiary, eToro (Europe) Ltd, a permit to provide crypto services across all EU member states under the Markets in Crypto-Assets Regulation (MiCA) framework. Read More

HSBC and three other banks fined over £100 million for trader collusion

Four major banks, including HSBC, Citi, Royal Bank of Canada (RBC), and Morgan Stanley, have been fined a total of £104.4 million after traders were found sharing sensitive market information between 2009 and 2013. Read More

26 Degrees launches extended hours trading for US Equity and ETF CFDs

26 Degrees Global Markets has announced the launch of extended hours trading for US Equity and ETF CFDs in a move that will see trading hours extended from the current 6.5 hours per trading day to 16 hours per trading day. Read More

FlowBank liquidators target March deadline with CHF 16.6M spent on process

Liquidators handling the Flow Bank Ltd. collapse today released an update on the ongoing liquidation process, detailing securities transfers, asset inventory, creditor claims, and expected payouts. Read More

CFI Financial lures Carla Nemr to lead business development

MENA-focused brokerage firm CFI Financial Group has appointed industry veteran Carla Nemr as its Global Director of Business Development with immediate effect. Read More

XTB secures securities license in Chile

XTB has received a securities agent license from the Chilean Commission for the Financial Market (CMF), which expands its presence in Latin America. Read More

DriveWealth expands overnight coverage of U.S. equities

DriveWealth has announced an expansion of its overnight trading capabilities through a collaboration with OTC Markets Group Inc. Read More

Crypto Highlights This Week

Abu Dhabi’s Mubadala invested $437M in Bitcoin, while Coinbase paid for an Aston Martin F1 sponsorship in USDC. A new theory links Jack Dorsey to Satoshi, and BitGo & Copper launched an off-exchange settlement model. Hackers hijacked a Saudi X account for crypto scams, and Nigeria is suing Binance for $79.5B in damages. Meanwhile, the SEC is dropping its lawsuit against Coinbase, and Bybit scrambles for funds after a $1.5B hack. Stay tuned!

Abu Dhabi’s wealth fund invests $437M in Bitcoin

Abu Dhabi’s Mubadala Investment Company bought $436.9 million worth of BlackRock’s spot Bitcoin ETF (IBIT) in Q4 2023. Read More

Coinbase pays for Aston Martin Formula One Team sponsorship in USDC

Coinbase has stricken a sports sponsorship deal with Aston Martin Aramco Formula One Team for a multi-year partnership that aims to amplify the crypto exchange’s business and the overall crypto ecosystem. Read More

Jack Dorsey silent as new theory ties him to Satoshi Nakamoto

A new theory linking Jack Dorsey to Satoshi Nakamoto after financial news editor Seán Murray compiled a list of coincidences that he believes tie the Twitter co-founder to Bitcoin’s anonymous creator. Read More

BitGo and Copper introduce off-exchange settlement model

BitGo and Copper have launched a trading and settlement solution that allows clients to trade on Deribit while securing assets off-exchange in qualified custody. Read More

Hackers hijack Saudi’s X account to promote fake memecoins

Hackers took control of the Saudi Law Conference’s social media account on X, using it to impersonate Crown Prince Mohammed bin Salman and promote fraudulent cryptocurrencies. Read More

Nigeria sues Binance for $79.5B in damages, $2B in unpaid taxes

Nigeria has filed a lawsuit against Binance, demanding $79.5 billion in economic damages and $2 billion in unpaid taxes, according to court documents. Read More

SEC dismisses Coinbase lawsuit in major win for crypto industry

The U.S. Securities and Exchange Commission (SEC) agreed in principle to dismiss its lawsuit against Coinbase, a major reversal in the high-profile legal battle between the regulator and America’s largest crypto exchange. Read More

Bybit seeks bridge loan to cover ETH withdrawals after $1.5B hack

Bybit CEO Ben Zhou addressed concerns over the $1.5 billion security breach, confirming that withdrawals remain open but may take longer than usual due to network congestion. Read More