News Nuggets | 12 September: Tickmill Offers Social Trading; Beware the MetaMask Clone

<p>
Tickmill Unveils Social Trading Platform</p><p><a href="https://www.financemagnates.com/tag/tickmill/" target="_blank" rel="follow">Tickmill
</a>has launched Tickmill Social Trading, a new platform designed to connect traders
and <a href="https://www.financemagnates.com/terms/i/introducing-brokers-ibs/">introducing brokers (IBs</a>) for mutual benefits. The platform enables traders
to share their strategies, which are then ranked and displayed on the website.
Followers can automatically copy these strategies without any manual
intervention. </p><p>To
incentivize participation, Tickmill offers up to $30 for every follower who
copies a trader for 30 days, capped at 100 followers.</p><p>"We
are thrilled to launch this new project that we have been developing for a
while now to empower our traders' experience. Tickmill Social Trading aims to
bring closer together Tickmill traders in a mutually beneficial way, offering
them an opportunity to optimise their trading journey and foster a community of
traders of different experience levels that can learn from each other," Sudhanshu
Agarwal, the Executive Director of Tickmill Ltd., commented.</p><p>BaFin Investigates
Identity Abuse by Metamask EU</p><p>Germany's
financial regulator, <a href="https://www.financemagnates.com/tag/bafin/" target="_blank" rel="follow">BaFin</a>, has warned about Metamask EU, a company suspected
of offering financial services without proper authorization. The company allegedly
misuses the identity of the New York-based ConsenSys Software Inc., which
operates MetaMask brand. </p><p>BaFin
advises consumers to exercise caution when investing online and to consult its
company database to verify the legitimacy of financial service providers.</p><p>Coinbase Prime Introduces
Web3 Wallet</p><p><a href="https://www.financemagnates.com/tag/coinbase/" target="_blank" rel="follow">Coinbase
Prime</a> has launched an institutional-grade Web3 Wallet, providing clients with a
secure way to interact with various blockchain networks. The wallet allows
users to store tokens, access decentralized finance (DeFi), and manage NFT
collections. It also offers multi-user access and leverages Multi-Party
Computation (MPC) technology for enhanced security.</p><p>The wallet
aims to provide a comprehensive solution for institutional and enterprise
clients, allowing them to interact directly with decentralized applications (DApps)
and smart contracts. It marks another step in Coinbase Prime's commitment to
offering cutting-edge capabilities while prioritizing security and utility.</p><p>Adyen Achieves Network
Tokenization Milestone</p><p><a href="https://www.financemagnates.com/tag/adyen/" target="_blank" rel="follow">Adyen</a>, a
global fintech platform, has issued over two billion active network tokens,
highlighting the growing importance of this technology in enhancing payment
security and authorization rates. Network <a href="https://www.financemagnates.com/terms/t/tokenization/">tokenization</a> converts regular card
numbers into secure tokens, thereby reducing the risk of fraud.</p><p>The
technology has also led to a 3% average uplift in authorization rates,
translating to significant revenue increases for businesses. Adyen's research
indicates that nearly 39% of businesses have seen an increase in fraud attempts
over the past year, making network tokenization a critical tool for secure and
seamless online payments.</p><p>PandaTS Launches SimpleX</p><p>Panda
Trading Systems (<a href="https://www.financemagnates.com/tag/pandats/" target="_blank" rel="follow">PandaTS</a>) has introduced SimpleX, a new trading platform aimed
at simplifying the trading experience for both beginners and seasoned traders.
The platform addresses the challenges newcomers face in the complex world of CFD
trading, which often results in high churn rates.</p><p>SimpleX simplifies intricate trading aspects while maintaining the depth and sophistication experienced traders expect. The platform is designed to
engage users and guide them through the complexities of trading, offering a
more accessible entry point into the financial markets.</p><p>Everton Football Club
Nears Sale to 777 Partners</p><p><a href="https://www.financemagnates.com/tag/everton/" target="_blank" rel="follow">Everton
Football Club</a> is reportedly close to being acquired by 777 Partners LLC. Club
owner Farhad Moshiri, who has invested heavily in the team, is expected to exit
with a fraction of his initial investment. The deal, if finalized, will
increase the number of American-owned Premier League teams to 10 out of 20.</p><p>The
acquisition is in the late stages of negotiation and could be announced as
early as Tuesday. Moshiri's legacy includes a partly-complete, state-of-the-art
stadium in Liverpool's Bramley-Moore Dock area.</p><p>Zodia Custody Expands to
Singapore</p><p>Zodia
Custody, a subsidiary of Standard Chartered, has launched in <a href="https://www.financemagnates.com/tag/singapore/" target="_blank" rel="follow">Singapore</a>, marking
its first expansion into the country. The company aims to provide digital asset
custody services for financial institutions in Singapore, a market showing
rapid growth in digital assets.</p><p>Zodia is
part-owned by SBI Digital Asset Holdings, and the launch signifies increasing
interest from large financial institutions in the digital currency space. The
move is seen as a significant step in Singapore's growing maturity in crypto
regulation and development of central bank digital currencies.</p><p>Alpha Group Acquires
Majority Stake in Cobase</p><p><a href="https://www.financemagnates.com/tag/alpha-group/" target="_blank" rel="follow">Alpha Group
International</a> has announced a conditional agreement to acquire approximately
85% of Cobase, a leading multibank connectivity platform. The deal is pending
approval by the Dutch Central Bank and involves an initial cash consideration
of €9.4 million.</p><p>Cobase
provides a single interface for corporates to manage their multiple banking
relationships, accounts, and transactions, thereby increasing operational and
financial efficiencies. The acquisition aims to further streamline payment,
cash management, and treasury functions for businesses dealing with multiple
banks.</p>

This article was written by Finance Magnates Staff at www.financemagnates.com.