December 3, 2024 @ 5:07 pm By JD Alois  |  

Alex Mashinsky, the founder and former CEO of failed crypto investment platform Celsius Network, has pleaded guilty to fraud, according to reports. WSJ.com reports that Mashinsky will now avoid a criminal trial. At the same time, a guilty plea means he will face a maximum… Read More

December 3, 2024 @ 4:43 pm By Omar Faridi  |  

Forum Partners, a global real estate investment and asset management firm, and its portfolio company TSCG, announced the launch of TSCG Credit Opportunities I, LLC, a private credit fund seeking to raise up to $25 million from accredited investors, with the option to “increase the… Read More

December 3, 2024 @ 2:59 pm By JD Alois  |  

Tomorrow, the House Financial Services Committee is holding a Hearing on Fintech. Entitled Innovation Revolution: How Technology is Shaping the Future of Finance, multiple well-known entities in the Fintech sector will share their knowledge with the Committee. Those scheduled to testify, include: Denelle Dixon, CEO &… Read More

December 3, 2024 @ 2:43 pm By JD Alois  |  

Crypto.com is paying up to $2 million in “rewards” for individuals who uncover security violations. The bug bounty program, which is being managed in partnership with HackerOne, is said to be the largest ever on the platform. Kris Marszalek, CEO of Crypto.com, says that as… Read More

December 3, 2024 @ 2:37 pm By JD Alois  |  

Binance, the long-time largest crypto exchange in the world, says it is currently on track to generate almost 40% higher inflows than the total of the next 10 crypto exchanges combined. Binance also claims to be the first centralized exchange to surpass $100 trillion in lifetime… Read More

December 3, 2024 @ 1:19 pm By Omar Faridi  |  

wefox is reporting a big change. The Germany-based Insurtech has reportedly reached an agreement with a group of Swiss companies led by the independent Swiss pension service provider BERAG on the sale of Liechtenstein-based Wefox Insurance AG. As announced in June of this year, the Liechtenstein-domiciled… Read More

December 3, 2024 @ 1:05 pm By Omar Faridi  |  

Nationwide, which claims to be the UK’s largest building society is the first major lender to reportedly use Experian Work Report in order to verify applicants’ income, removing the need for manual income proofs. Mortgage applications are set to become “speedier” after Nationwide joined forces… Read More

December 3, 2024 @ 10:53 am By JD Alois  |  

Qonto, a European neobank based in Paris, has distributed a report that claims digital banking options now top traditional banks in regard to adoption rates. Launched in 2017 and focusing on SMEs, Qonto reports over 500,000 firms using its platform. Qonto is the commercial name… Read More

December 3, 2024 @ 8:18 am By Michael Wong  |  

US e-commerce giant Amazon (NASDAQ:AMZN)announced that it has invested more than S$2 billion ($1.49 billion) across its retail and cloud businesses in Singapore in 2023, bolstering its presence in the Southeast Asian market and supporting over 10,000 indirect jobs. The investment encompasses capital expenditure on… Read More

December 3, 2024 @ 8:09 am By Omar Faridi  |  

Millennials are primed to lead holiday spending as nearly two in three now expect their income will increase in the coming ear. TransUnion’s Q4 2024 Consumer Pulse research study reveals that consumers still most interested in doing their holiday shopping “between Thanksgiving and Cyber Monday.”… Read More

December 3, 2024 @ 7:26 am By Omar Faridi  |  

21X, which will reportedly launch the EU-regulated financial market infrastructure (FMI) in order to provide order matching, trading, settlement and registry services for tokenized money and securities, announced that it has signed a partnership with Chainlink, which claims to be the standard for onchain finance…. Read More

December 3, 2024 @ 7:24 am By Omar Faridi  |  

A report released by the UK’s business bank NatWest, in partnership with Oliver Wyman and supported by the Business Secretary, Jonathan Reynolds MP, has identified that the United Kingdom’s mid-market businesses are like the “unsung engine” of the nation’s economy. More than 13,000 of these… Read More

December 2, 2024 @ 10:58 pm By Omar Faridi  |  

Taiwan’s Financial Supervisory Commission (FSC) has recently announced a considerable acceleration of its anti-money laundering (AML) regulatory guidelines for digital currency service providers. The Taiwanese authority has confirmed that it moved the registration deadline to November 30, 2024 from the initial January 1, 2025 date…. Read More

December 2, 2024 @ 10:56 pm By Omar Faridi  |  

JD Sports, the retailer of sports, fashion, and outdoor brands, has partnered with Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, to offer a flexible way to pay. This partnership brings Affirm’s pay-over-time options to shoppers purchasing brands such… Read More

December 2, 2024 @ 10:41 pm By Omar Faridi  |  

World ID Credentials are now reportedly being piloted in select countries including Chile, Colombia, Malaysia and South Korea. This secure and “anonymous” World ID feature increases global access to World Network and paves the way for “increased World ID utility.” It also enables consumers to… Read More

December 2, 2024 @ 10:28 pm By Omar Faridi  |  

ADGM, the international financial centre (IFC) of Abu Dhabi, announced another quarter of steady growth, with a number of key achievements for the third quarter (Q3) of 2024 across various metrics. The results are said to underscore ADGM’s role in Abu Dhabi’s strategic goal to… Read More

December 2, 2024 @ 10:18 pm By Omar Faridi  |  

Monochrome Asset Management is pleased to announce that it has expanded its custody solution by onboarding BitGo Trust Company, Inc to its list of crypto-asset custodians for the Monochrome Bitcoin ETF (IBTC) and Monochrome Ethereum ETF (IETH). This partnership reportedly aligns with Monochrome’s growth initiatives… Read More

December 2, 2024 @ 10:12 pm By Omar Faridi  |  

Hong Kong is reportedly planning to waive taxes on investment gains made from cryptocurrencies as well as other alternative assets for hedge funds, private equity funds and various family offices as the city-state aims to improve its attractiveness as a wealth management center. In a… Read More

December 2, 2024 @ 4:24 pm By Omar Faridi  |  

Mortgage rates are again in the spotlight as 2025 approaches, according to an update from real estate focused firm Zillow (Nasdaq: Z and ZG). Zillow predicts a more active real estate / property market and more buyers gaining the upper hand in 2025, but those… Read More