News Nuggets | 21 September: Bitget Wallet Expands Offering; FMA Warns against IM Academy

<p>Bitget Wallet Adds New Fiat Options to Quick Buy Feature</p><p>Bitget Wallet, a multi-chain digital wallet, has expanded its Quick Buy
feature to support three additional fiat currencies: EUR, RUB, and JPY. This
move aims to enhance the wallet's over-the-counter (OTC) features and provide
users with more convenient ways to enter the cryptocurrency market. The update
addresses a significant challenge in the Web3 space: the difficulty of
acquiring cryptocurrencies using fiat money.</p><p>"Quick Buy facilitates seamless crypto purchasing for users worldwide,
removing the barriers of fiat-to-crypto transactions," said Gracy Chen, the Managing Director of <a href="https://www.financemagnates.com/tag/bitget/" target="_blank" rel="follow">Bitget</a>. "We
look forward to empowering users to explore the Web3 space. The launch of Quick
Buy underscores our commitment to simplifying access to cryptocurrencies and
facilitating crypto mainstream adoption. With its range of innovative features,
Bitget is bringing crypto investing to the fingertips of users globally."</p><p>FMA NZ Issues Warning about IM Academy</p><p>The Financial Markets Authority (<a href="https://www.financemagnates.com/tag/fma/" target="_blank" rel="follow">FMA</a>) of New Zealand has advised the public
to exercise caution when dealing with IM Academy. Several international
financial regulators, including Luxembourg's Commission de Surveillance du
Secteur Financier (CSSF), have issued warnings against IM Academy. </p><p>The company is officially known as International Markets Live Inc. and
operates under various names, including IM Mastery Academy. The warning comes
amidst a growing number of overseas regulatory alerts about the firm.</p><p>Bjørn Sibbern Appointed Global Head Exchanges at SIX</p><p>Bjørn Sibbern, previously the Executive Vice President and President of
European Markets at Nasdaq, has been appointed as the Global Head of Exchanges and a Member of the Executive Board at <a href="https://www.financemagnates.com/tag/six/" target="_blank" rel="follow">SIX</a>. He will assume the role on January 1,
2024. Sibbern boasts over two decades of experience in capital markets and
has held various leadership positions at Nasdaq. </p><p>He will take over from Christoph Landis and be responsible for the Swiss and Spanish Exchanges at SIX and the digital exchange SDX.</p><p>SC Ventures Unveils Audax Financial Technology</p><p>SC Ventures, the innovation arm of <a href="https://www.financemagnates.com/tag/standard-chartered/" target="_blank" rel="follow">Standard Chartered</a>, has launched Audax
Financial Technology, a platform aimed to help financial institutions with
digital transformation. </p><p>Audax focuses on offering Banking-as-a-Service (BaaS) and aims to tap into
a market expected to be worth $440 billion by 2030. The platform recently
commercialized its BaaS offerings with the Indonesian e-commerce platform
Bukalapak.</p><p>“audax’s digital banking solutions will help financial institutions unlock
more opportunities,” said Alex Manson, the Head of SC Ventures. </p><p>Kurt Baker Plans $3 Billion Hedge Fund</p><p>Kurt Baker, a former executive at Morgan Stanley and Millennium Management,
plans to launch a $3 billion multi-manager <a href="https://www.financemagnates.com/tag/hedge-fund/" target="_blank" rel="follow">hedge fund</a>.</p><p>The 30th Century Partners fund will be Hong Kong-based and Asia-focused. It
aims to begin trading in June 2024 with eight to ten investment teams and will
primarily invest in Asian markets including China, India, and South Korea.</p><blockquote><p lang="en" dir="ltr">21/09/23 Headlines:1. Kurt Baker Targets $3B Hedge Fund2. China's Gallium, Germanium Licenses3. Dollar Peaks, Asian Currencies Pressured4. ECB's Nagel on Inflation Concerns<a href="https://twitter.com/hashtag/quanticX?src=hash&amp;ref_src=twsrc%5Etfw">#quanticX</a> <a href="https://twitter.com/hashtag/quanticXDailyNews?src=hash&amp;ref_src=twsrc%5Etfw">#quanticXDailyNews</a>Follow us for updates! <a href="https://t.co/aZnnIj3oz3">pic.twitter.com/aZnnIj3oz3</a></p>— QuanticX (@quanticX_AI) <a href="https://twitter.com/quanticX_AI/status/1704773907868508198?ref_src=twsrc%5Etfw">September 21, 2023</a></blockquote><p>Tether Backs AI Chip Purchase</p><p>The stablecoin <a href="https://www.financemagnates.com/tag/tether/" target="_blank" rel="follow">Tether </a>has invested $420 million in purchasing 10,000 H100 GPUs
from Nvidia. This move marks Tether's entry into the cloud GPU market. The
investment will give Tether a 20% stake in Northern Data, a German-listed
bitcoin miner. Northern Data plans to rent these GPUs to AI startups,
reflecting a broader trend among miners to diversify revenue streams.</p><p>The agreement has the potential to elevate the Frankfurt-based firm to the
position of Europe's biggest cloud GPU provider, aside from major cloud
computing players such as Amazon, Microsoft Azure, and Oracle, according to the CEO at Northern Data, Aroosh Thillainathan. </p><p>Alpha Group Progresses to Main Market</p><p><a href="https://www.financemagnates.com/tag/alpha-group/" target="_blank" rel="follow">Alpha Group International</a> announced its progress in moving up to the
Premium List of the Main Market. The company has started appointing relevant
advisers for the move, which is expected to occur in 2024. Alpha Group sees the
public markets as beneficial for its growth and reputation among global
corporates and institutions.</p><p>“We have hugely enjoyed our journey on AIM since our IPO in 2017 and have
seen the sizeable benefits that the public markets can offer,” the company
commented. </p><p>“Being a public company has not only enabled us to raise capital to
grow and create employee shareholders, but it has also greatly enhanced our
reputation amongst the global corporates and institutions that we work with,
who take confidence from our public market status, as well as the increased
transparency and governance that comes with this.”</p><p>Aquis Exchange Reports Strong Growth in Interim Results</p><p><a href="https://www.financemagnates.com/tag/aquis-exchange/" target="_blank" rel="follow">Aquis Exchange PLC</a>, a player in next-generation financial markets, has
released its unaudited financials for H1 2023, showing promising
results. The company reported a net revenue increase of 17%, reaching £9.7
million compared to £8.3 million in H1 2022. </p><p>Additionally, the EBITDA rose 26% to £1.7 million, and the profit before
tax surged 64% to £1.1 million. Basic earnings per share also saw a jump
from 2.5p in H1 2022 to 3.8p this year.</p><p>CoinScan Raises $6.3 Million in Funding</p><p>CoinScan, a crypto analytics platform, has raised $6.3 million in <a href="https://www.financemagnates.com/tag/funding/" target="_blank" rel="follow">funding</a>.
The platform aims to help crypto users reduce losses from hacks, scams, and
exploits. It is backed by major shareholders in the sports betting company
DraftKings and the digital asset trading firm Tectona.</p><p>Curve’s Series C Funding Round Hits £133 Million</p><p>The financial super app Curve has secured an additional £58 million in its
Series C funding round, bringing the total to over £133 million. The new funds
will be used to enhance the customer experience and expand its offerings. The
company aims to reach profitability by early 2024.</p><p>"We are extremely pleased with the interest we received in our Series
C extension round and the support we received from our existing
shareholders," said Shachar Bialick, the Founder and <a href="https://www.financemagnates.com/tag/ceo/" target="_blank" rel="follow">CEO</a> of Curve.</p><p>Danmarks Nationalbank Joins Eurex for Repo Trading</p><p>Danmarks Nationalbank has begun trading and centrally clearing repo
transactions at <a href="https://www.financemagnates.com/tag/eurex/" target="_blank" rel="follow">Eurex</a>. This marks the first Nordic central bank to join Eurex's
repo markets, which have over 160 registered participants. The move aligns with
Danmarks Nationalbank's aim to have broad market access.</p><p>“Joining centrally cleared repo markets is an important milestone in our
reserve management. First and foremost, centrally cleared repo transactions are
perfectly in line with our aim of having broad market access and ensuring
efficient management across products,” said Martin Wagner Toftdahl, the Head of
Banking and Markets at Danmarks Nationalbank.</p><p>Cornerstone FS Sells Non-trading Subsidiary</p><p><a href="https://www.financemagnates.com/tag/cornerstone-fs/" target="_blank" rel="follow">Cornerstone FS</a> has sold its non-trading subsidiary, Capital Currencies, for
£150,000. Capital Currencies was acquired in February 2022 but has not been a
trading entity since November 2022. The sale proceeds will bolster Cornerstone's
existing cash resources and are pending regulatory approval from the Financial
Conduct Authority.</p><p>“This is a great outcome for Cornerstone, generating value from the sale of
a licence, that is surplus to our requirements, to a non-competing business,” James
Hickman, the CEO of Cornerstone, said.</p>

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