<p>StoneX Group (Nasdaq: SNEX), the owner of Forex.com and City Index, published its financials for the first quarter of fiscal 2023, which ended on 31 December, reporting an operating revenue of $48.8 million from <a href="https://www.financemagnates.com/terms/f/forex/" class="terms__main-term" id="6faa6714-7f7b-4d23-b1c5-c0d40807d613" target="_blank">forex</a> and contracts for differences (CFDs) contracts.</p><p>FX/CFDs Revenue Decline on StoneX</p><p>The quarter between October and November turned out to be dull for the company’s FX/CFDs business, as the operating revenue declined by 32 percent year-over-year. The figure also <a href="https://www.financemagnates.com/forex/brokers/stonexs-fxcfds-q4-operating-revenue-jumps-46/" target="_blank" rel="follow">tanked by more than 40 percent from Q4 FY22</a>.</p><p>The <a href="https://www.financemagnates.com/forex/brokers/stonex-completes-236-million-gain-capital-acquisition-deal/" target="_blank" rel="follow">acquisition of GAIN Capital</a> in mid-2020 for $236 million give StoneX control over the two retail FX/CFDs broker brands, Forex.com and City Index.</p><p>The company highlighted a 27 percent decline in FX/CFD contracts RPM be...

Bitcoin seems to have reached an exhaustion point following a series of rejections in the past few days. It has lost 4% in a week, with dominance at 41.5%.

Crypto Prices Today: The market is seeing a jump today as Powell’s speech on inflation came in a neutral manner. The market slightly fell down, however, recovered in a short span.

Crypto exchange Crypto.com sends 19,400,000 Shiba Inu (SHIB) tokens to the burn address, making the total SHIB burn to rise 10,109% in the last 24 hours. The number of transactions burning SHIB tokens have declined in the last few weeks as investors hold onto their SHIB tokens amid the anticipated launch of the Shibarium Layer-2 The post SHIB Burn Jumps 10,109% As Top Crypto Exchange Sends Millions To Burn Address appeared first on CoinGape.

Lido highlighted improvements in many areas. LDO surged while network growth declined.

In order to compete with artificial intelligence ChatGPT, Microsoft has introduced a “new” version of the Bing search engine and the Edge web browser. The news comes a day after Google unveiled Bard, its own “experimental conversational AI service” that uses Language Model for Dialogue Applications (LaMDA).

Registered crypto brokers and advisors may need to be on edge when giving advice this year, after a recent warning from the SEC.

South Korean authorities have previously requested cooperation from the Serbian government to bring Kwon back.