Venture capitalists repose confidence on London-based fintechs, despite Brexit and COVID-19

London-based fintech companies have increased their funding from venture capital investors in the first six months of this year compared to any year in the past signaling the British capital’s resilience as a fintech hub post-Brexit. nvestors have sunk $5.3 billion into London fintech startups in the first half of 2021. compared to $2.1 billion…

China bans financial institutions from cryptocurrency related transactions

In a development that marks China’s latest attempt to clamp down on speculative trading of cryptocurrency, Beijing has banned financial institutions and payment companies from providing services related to cryptocurrency transactions, warning investors against speculative crypto trading. Under the ban, institutions including banks and online payments channels are disallowed to offer clients any services involving…

Trading in New Zealand’s stock market resumes following 4 consecutive days of offshore DDoS cyber attacks

On Friday, trading resumed at New Zealand’s stock exchange following offshore Distributed Denial Of Service (DDoS) offshore cyber attacks for four consecutive days. In a statement, the government said, national security systems had been activated to support the bourse. While the origin of the “offshore” DDoS attack is being investigated, the failure to stop the…

National Crime Agency & the Financial Conduct Authority investigating leaks in insider trading investigation

The NCA is investigating whether a government translator with access to wiretap recordings has tipped-off the target of an insider-trading investigation. As per a report from the Wall Street Journal, the UK National Crime Agency (NCA) is examining allegations that an employee has leaked information to a suspect for money, thus undermining a probe into…

Commodity trading platform Qianhai Mercantile Exchange (QME) begins operations

Till the end of 2018, QME is waiving all trading fees on its platform. In a statement, the Hongkong Exchange (HKEX) Group disclosed, Qianhai Mercantile Exchange (QME), a Shenzhen-based commodity trading platform controlled by it has begun operations since Friday. As part of its drive to attract business, QME which so far is only trading…

Tencent to introduce registration system for Honour of Kings

Addiction to online gaming has become an addiction in China – the world’s biggest gaming market. Chinese authorities have begun cracking down on this addiction by limiting gaming hours to under-aged played. With the Chinese government focusing on ways to tackle gaming addiction, Tencent Holdings, China’s biggest gaming and social media company, stated it will…