December 13, 2022 @ 11:44 am By JD Alois  |  

The US Attorney’s Office, Southern District New York, has unsealed the criminal charges filed against Sam Bankman-Fried and his firms including FTX. The criminal charges were revealed yesterday when the Bahamas announced it expected to extradite Bankman-Fried following a formal request. The indictment states that… Read More

December 13, 2022 @ 11:20 am By JD Alois  |  

Nansen, a crypto and blockchain data provider, has sent over a graph of crypto outflows taking place on Binance. The visual charts activity from September 14, 2022 to December 13, 2022. According to Nansen, from the last 6 months to the last 24hrs, Binance’s withdrawals… Read More

December 13, 2022 @ 10:56 am By Omar Faridi  |  

OKX, which claims to be a leading cryptocurrency platform, has introduced the “seamless” Quick Transfer feature and announced Ledger hard wallet compatibility “to streamline self-custody for millions of users.” The Quick Transfer feature “allows OKX users to easily transfer assets between the OKX exchange and… Read More

December 13, 2022 @ 10:23 am By JD Alois  |  

Wise (LSE:WISE), a global Fintech enabling the movement of money and aspiring neobank, says it will boost its presence in the US to meet the increasing demand of its services. Based in London, Wise states that it plans to increase its headcount by 250 in… Read More

December 13, 2022 @ 9:40 am By Omar Faridi  |  

Compliance and international payroll provider, RemotePass launches a mobile app designed specifically for remote workers, “offering them equal access to financial services and benefits from anywhere in the world.” The RemotePass Super App, which “comes with a virtual and physical payroll card, enables remote workers… Read More

December 13, 2022 @ 9:35 am By JD Alois  |  

The rising concern of more enforcement actions targeting crypto exchanges is taking a toll on the world’s largest centralized operation Binance, according to a report by Reuters.  Citing data provided by Nansen, it is being claimed that Binance has experienced $1.9 billion in withdrawals in… Read More

December 13, 2022 @ 9:13 am By JD Alois  |  

This is an interesting list. NordVPN has put together a roster of the biggest crypto hacks of 2022.  Security breaches, digital asset thefts, and crypto scams have become so prevalent they have become wallpaper. They happen all of the time, highlighting profound shortcomings in cyber-security… Read More

December 13, 2022 @ 8:56 am By JD Alois  |  

Sheila Warren, CEO of the Crypto Council for Innovation, has issued a  statement on the arrest of Sam Bankman-Fried, founder of FTX. The statement was issued prior to the announcement of civil charges being filed by both the Securities and Exchange Commission and Commodities Futures… Read More

December 13, 2022 @ 8:40 am By Omar Faridi  |  

Web3 startup Nillion has closed a $20m+ fundraise from strategic partners and investors. The project is “based on a new mathematical innovation, invented by cryptography professor Dr. Miguel de Vega, called Nil Message Compute (NMC) which enables the creation of a non-blockchain decentralized network that… Read More

December 13, 2022 @ 8:00 am By Omar Faridi  |  

Driven by vaccination certificates, the need for identity checks in financial services, and the potential of the metaverse, governments across the world “realize the benefits and the importance of digital identity, enabling the technology to take off,” says GlobalData, a data and analytics company. GlobalData’s… Read More

December 13, 2022 @ 7:59 am By Omar Faridi  |  

Blue dot, a tax platform for employee-driven spend for Taxable Employee Benefits analysis and VAT recovery, announced a strategic alliance with KPMG Germany. Through this alliance, KPMG Germany “can now offer the Blue dot Taxable Employee Benefits (TEB) solution directly to their clients, with KPMG… Read More

December 13, 2022 @ 7:52 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed fraud charges against Sam Bankman-Fried, founder and former CEO of FTX. The crypto exchange filed bankruptcy last month as allegations of malfeasance surfaced. In a simultaneous action, the Commodities Futures Trading Commission (CFTC) announced charges as well…. Read More

December 12, 2022 @ 11:11 pm By Omar Faridi  |  

According to Robocash analysts, traditional currency and P2P investments remain the “most promising” assets in 2023. The most “controversial” asset class this year has been cryptocurrency (or crypto-assets), the Robo.cash team wrote in a blog post. To determine the “most favorable” assets for 2023, platform… Read More

December 12, 2022 @ 11:10 pm By JD Alois  |  

Representative Maxine Waters, Chair of the House Financial Services Committee, has issued a statement following Sam Bankman-Fried’s arrest in the Bahamas. As was reported earlier, Bankman-Fried was taken into custody by Bahamian authorities following the revelation of an indictment by the US Department of Justice…. Read More

December 12, 2022 @ 10:57 pm By Omar Faridi  |  

Adyen (ADYEN:AMS), the global financial technology platform of “choice” for leading businesses, has announced that it has partnered with KodyPay, the fully integrated ordering and payment platform for businesses. Adyen’s financial technology “will support the growth of hospitality businesses by powering seamless payments, data analytics… Read More

December 12, 2022 @ 10:55 pm By Omar Faridi  |  

Earn Alliance, a game community platform, announced the close of its $4.75m seed raise to connect game developers “with genuine fans and gamers across the globe through a focus on fun versus crypto speculation.” The alpha version of Earn Alliance’s platform is “set to launch… Read More

December 12, 2022 @ 10:54 pm By Omar Faridi  |  

Sopra Banking Software (SBS), which claims to be a leading technology partner to more than 1,500 financial institutions worldwide, announced it has been “selected as preferred supplier for Bevan Money, a digitally focused start-up who will provide retail mortgage and savings products to the UK… Read More

December 12, 2022 @ 9:17 pm By Omar Faridi  |  

The adoption of open source in the financial services industry is “on the rise, largely led by organizations with Open Source Program Offices (OSPOs), which are more than twice as likely to encourage open source consumption, and nearly three times as likely to encourage open… Read More

December 12, 2022 @ 8:10 pm By Omar Faridi  |  

One Inc, which claims to be the leading digital payments network for the insurance industry, announced that Arbella Insurance Group, a customer-focused, regional property, and casualty insurance company based in Massachusetts, has selected One Inc’s suite of digital payment solutions “with PremiumPay and ClaimsPay, for both… Read More

December 12, 2022 @ 7:54 pm By JD Alois  |  

Sam Bankman-Fried, the founder and former CEO of FTX, has been placed under arrest in the Bahamas. Bankman-Fried has lived in the Bahamas since FTX became a regulated entity under Bahamanian law. FTX filed for bankruptcy protection last month under US law. Bankman-Fried was arrested… Read More