Paysafe Group (LSE:PAYS) will be making its largest purchase of 2017 thus far with the acquisition of Delta Card Services Inc. for $470 million. Delta Card Services Inc. operates as the holding company for popular Texas-based payments processor, Merchants’ Choice Payment Solutions (MCPS), which boasts nearly $14 billion in annualized sales.

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The recent acquisition is a huge stroke for Paysafe as it looks to make a splash in the North American market. By buying MCPS, the UK group will be able to dramatically bolster its market penetration on the continent, tapping into ... (read more)

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Hello Group, a provider of white label online trading brokerage solutions, has announce the launch of a full product suite revolving around cryptocurrencies.

Learn how to buy Bitcoin and Ethereum safely with our simple guide!

This new offering is geared toward forex and binary options brokers as well as finance and cryptocurrency websites. The data feed package includes a total of 11 cryptocurrencies, which are cross-referenced and paired up with each other, as well as with four major fiat currencies: EUR, GBP, USD, and CHF.

At present, Hello Group supports Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Ethereum Classic ... (read more)

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This week provided one of the best examples why cryptocurrency trading is still a wild roller coaster ride unsuitable for the timid. After the price of Bitcoin fell as low as below $1900 on Sunday, it has bounced back to as high as over $2900 in trading earlier today – an over than 50% jump in less than seven days.

Learn how to buy Bitcoin and Ethereum safely with our simple guide!

The reason for both the crash and the rally is the ferocious debate ... (read more)

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The US Securities and Exchange Commission (SEC) Whistleblower program is set to make its largest payout to date. Two individuals are poised to earn an award of upwards of $61.0 million for their role in tipping off the regulator to a recent JPMorgan nondisclosure – the sum easily dwarfs all other previous awards, easily surpassing a previous $30.0 million record back in 2014.

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The award centered on JPMorgan’s lapse in disclosure, which failed to inform wealthy clients that it was nudging them towards investment instruments that would ultimately have reaped the greatest ... (read more)

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A resident of Montgomery County has been arrested for stealing $40 to $50 million worth of Bitcoin by replacing wallet addresses through malware, which could be one of the largest cryptocurrency heists of all time, according to a criminal complaint filed today in federal court.

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Price told investigators from the U.S. Department of Homeland Security that he was planning to flee to London by using a fake passport in the name of “Avengers” actor Jeremy Renner.

Police began investigating with Price after the theft of two laptops and a gold necklace at the ... (read more)

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CEO at KCG Europe, Philip Allison, is leaving the company after its rival Virtu Financial completed acquisition of its outstanding shares in a cash transaction valued at $20.00 per KCG share, or a total of approximately $1.4 billion.

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KCG wasn’t available to comment on the rumours and has not made any official statement regarding Allison’s destination or his successor.

Philip joined the business in 2014 after a 17-year career at UBS, most recently as global head of cash equities and EMEA head of equities, responsible for operations across more than 30 countries. The ... (read more)

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The Cyprus Securities and Exchange Commission (CySEC) announced its decision to revoke the fine and ban that were applied to Amir Jamal Mohamed Hendawi back on June 8, 2017, according to a CommexFX executive.

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Mr. Hendawi had been among the executives at CommexFX that were penalized for the company’s violations of Cypriot law. The forex brokerage, which had clients mostly in Egypt and China, had its license suspended by CySEC in 2015. CommexFX had been given a warning by CySEC that if it could not ... (read more)

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A Georgia resident trader and his defunct firm will pay $500,000 to settle the U.S. Commodity Futures Trading Commission’s allegations that they conducted illegal transactions with retail customers, provided fraudulent misrepresentations and acted as an unregistered commodity pool operator.

Arthur Toole III of Atlanta, Georgia, and his companies Billionaire Investor Group (BIG), The Toole Group Inc. (Toole Group) and Catalyst Traders LLC (Catalyst), were ordered to pay the fine to settle charges that they allegedly operated three commodity pools while not being registered ... (read more)

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Hong Kong’s Securities and Futures Commission (SFC) and the United Kingdom’s Financial Conduct Authority (FCA) announced the signing a memorandum of understanding (MoU).

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The SFC and the FCA will now embark on a collaboration, where both regulatory bodies will cooperate, consult, and share information in order to enhance the regulation and oversight of the legal operations of financial entities crossing the border in the UK and Hong Kong.

The two financial watchdogs have joined forces as they believe that the cooperation will result in the bettering of one ... (read more)

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CLS Group, a leading provider of risk mitigation and operational services for foreign exchange dealers and institutions, today reported its trading metrics for June 2017, which showed slight improvements both monthly and yearly.

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Average daily input value submitted to CLS, which combines the settlement and aggregation services totals, was up in June 2017 by 5.8 percent MoM at $1.64 trillion compared with $1.55 trillion reported back in May 2017. Across a yearly timetable, the figure reflected a 1.9 percent advance relative to June 2016’s figure of $1.61 trillion.

CLS reported swaps volumes at ... (read more)

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