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Weekly Recap: Bitcoin Sinks Double-Digit; Could Consumer Duty Pit FCA Against CFD Brokers?
In today’s fast-paced technological world, even a few hours of downtime can quickly translate into millions in lost revenue. This week’s Cloudflare three-hour outage may have impacted approximately $1.58 billion in trading volume among brokers, roughly equivalent to 1% of their typical monthly revenue. Brokers confirmed to be affected include Monaxa, Skilling, Xtrade, and FXPro. The outage affected almost every sector, disrupting services like Twitter, ChatGPT, and the majority of crypto platforms. Prop firms report ProjectX ending service offering: At the same time, futures prop platforms are facing a different ... (full story)