January 3, 2023 @ 4:44 pm By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has published its annual report of consumer and credit reporting complaints which is critical of the top firms in the sector, TransUnion, Equifax, and Experian. The CFPB states that the three largest nationwide consumer reporting agencies (NCRAs) top the… Read More

January 3, 2023 @ 4:29 pm By Omar Faridi  |  

Logistics payments and data infrastructure platform PayCargo announced that it has been awarded $15.1 million inclusive of attorneys’ fees, prejudgment interest, and costs in “a trademark infringement and breach of contract lawsuit the company brought against CargoSprint and its founder/CEO Joshua Wolf.” The judge in… Read More

January 3, 2023 @ 4:09 pm By JD Alois  |  

Real estate crowdfunding platform CrowdStreet has announced a new addition to its Board of Advisors. According to a release today, Shawn Lese of Nuveen Real Estate has joined the platform as an advisor. At the same time, in an indication of commitment, Lese is expected… Read More

January 3, 2023 @ 3:51 pm By Omar Faridi  |  

2022 has been a year of “success” and excitement, the team at Poloniex claims. As a proponent of blockchain technology, Poloniex says that it understands very well that education and adoption “are the key to fostering the development of Web3.” Since its establishment in 2014,… Read More

January 3, 2023 @ 12:05 pm By Omar Faridi  |  

Small- and medium-sized enterprises (SMEs) and mid-sized companies are the backbone of the global economy, according to an update from the World Economic Forum (WEF). They create “close to 70% of jobs and GDP worldwide.” But, amid warnings of a global recession, research from the… Read More

January 3, 2023 @ 11:59 am By JD Alois  |  

Crypto firm Gemini has posted an open letter criticizing Barry Silbert and his company Digital Currency Group (DCG). In November, following the collapse of FTX, Genesis – a subsidiary of DCG – halted redemptions. Gemini had utilized the Genesis lending platform for its Earn program… Read More

January 3, 2023 @ 11:06 am By JD Alois  |  

DealMaker, a tech platform and broker-dealer enabling online funding rounds, has distributed a report outlining 2022 performance. According to DealMaker, 2022 was a record year as it powered $492 million in funding, claiming to process 200% more than any other platform. Dealmaker share that it… Read More

January 3, 2023 @ 9:29 am By Omar Faridi  |  

The Bitcoin market has evolved “dramatically” since its launch in 2009, according to an update from Kraken. The team at Kraken notes that what was once an “intimately small” group of tech enthusiasts has grown into a global community of investors. Some 40 million crypto… Read More

January 3, 2023 @ 8:49 am By Omar Faridi  |  

In the scope of the first-phase studies of the Digital Turkish Lira Project, conducted under the leadership of the Central Bank of the Republic of Türkiye (CBRT), the first payment transactions on the Digital Turkish Lira Network were “executed successfully.” The CBRT will “continue to… Read More

January 3, 2023 @ 8:33 am By Omar Faridi  |  

When conducting business overseas, companies of all sizes can be hampered by slow payment times, high costs and limited transfer options, according to an update from Paysend. However, these barriers are “particularly cumbersome for SMEs, which have fewer resources in terms of workforce and cash… Read More

January 3, 2023 @ 7:34 am By Omar Faridi  |  

BNY Mellon (NYSE: BK) announced it has been selected by the Employees Provident Fund Board of Malaysia (EPF) to deliver a transformational investment accounting project. In addition to custody solutions BNY Mellon provides for the EPF, this broader remit aims to deliver “a solution for… Read More

January 2, 2023 @ 11:26 pm By Omar Faridi  |  

Nic Carter, Partner, Castle Island Ventures. Cofounder, Coinmetrics.io, says that it’s undeniable that momentum around cryptographic Proofs of Reserve “is gathering.” According to Nic Carter, this is “a genuine silver lining from the FTX debacle.” He writes in a blog post: “We may well yet… Read More

January 2, 2023 @ 10:23 pm By Omar Faridi  |  

Financial services company Singlife with Aviva has announced “the launch of Singlife Connect, its accelerator program to support and spur the growth of promising insurtech startups.” Singlife Connect will “focus on developing scalable market solutions to innovate and transform insurance distribution.” Singlife will “leverage its… Read More

January 2, 2023 @ 9:37 pm By Omar Faridi  |  

TapTop, which is reportedly led by ex-Morgan Stanley, Credit Suisse & PayPal, and is aiming to build “an American Express with cryptocurrency,” has raised 106% (£85,143) of its£80,003 target from 96 investors (at the time of writing) with 9 days left in the firm’s crowdfunding campaign,… Read More

January 2, 2023 @ 8:47 pm By Omar Faridi  |  

Recently, Paxos, the regulated blockchain and tokenization infrastructure platform, submitted recommendations to the Financial Stability Board (FSB) on how best “to safely oversee a global, fiat-backed stablecoin and its issuer.” Paxos welcomed the opportunity “to provide comments to the Financial Stability Board and agreed with… Read More

January 2, 2023 @ 8:30 pm By Omar Faridi  |  

The team at FSN is pleased to announce a channel partnership with Chainlink Labs in order “to accelerate the widespread adoption of NFTs and the NFT ecosystem in South Korea.” The channel partnership between Chainlink Labs and FSN will “help boost the adoption of the… Read More

January 2, 2023 @ 7:22 pm By Omar Faridi  |  

Avalanche is closing out the year with the final AvalancheGo release of 2022. Avalanche Warp Messaging (AWM) is “rolling out in AvalancheGo Banff 5, bringing fast, reliable native communications to all Avalanche Subnets.” AWM Is available today “in both the Golang and Rust VM SDKs… Read More

January 2, 2023 @ 5:01 pm By Omar Faridi  |  

Millions of consumers are offering financial support to friends and family members residing abroad. However, when it comes to getting those (remittances) to the intended recepients, it is a lot more costly than it should be, according to an update from Fintech firm Wise (LSE:WISE)…. Read More

January 2, 2023 @ 4:52 pm By JD Alois  |  

Croatia has become the newest country to join the European Union. Croatia has also started utilizing the Euro as its currency as part of the Eurozone and part of the Schengen Area. The country relaxed its borders last month on December 8th. Croatia adds its… Read More

January 2, 2023 @ 4:30 pm By JD Alois  |  

Goodbye 2022, and hello 2023. The past year was a tough one for many people – a terrible year for the economy with multi-decade high inflation and interest rates chasing it in an attempt to crush rising prices. All markets were impacted, including public markets,… Read More