October 7, 2024 @ 7:03 pm By Omar Faridi  |  

Many people seemed surprised recently to hear that the UAE had apparently eliminated taxes on crypto, but it has now been clarified that this is not actually the case after all. Here’s the reality of the situation, according to crypto / digital assets industry focused… Read More

October 7, 2024 @ 6:43 pm By Omar Faridi  |  

The digital commerce payments ecosystem in Malaysia payments is set to reach $14.7 billion by 2028, according to projections from GlobalData. The Malaysian e-commerce market is now expected to grow at a compound annual growth rate (CAGR) of 8.5% between the current year 2024 and… Read More

October 7, 2024 @ 6:26 pm By JD Alois  |  

Funding Circle US, previously part of Funding Circle UK, was acquired by iBusiness Funding LLC, part of Ready Capital (NYSE:RC), earlier this year. When the sale was announced, Funding Circle CEO Lisa Jacobs said,: “We are pleased to have reached an agreement with iBusiness Funding, one… Read More

October 7, 2024 @ 3:43 pm By Omar Faridi  |  

Robinhood Crypto, from Robinhood Markets (Nasdaq: HOOD), has recently launched cryptocurrency transfers across European markets. Robinhood Crypto customers residing in Europe are now able to deposit as well as withdraw 20+ cryptocurrencies, and will reportedly be able to earn a 1% deposit match for a… Read More

October 7, 2024 @ 3:20 pm By Omar Faridi  |  

Investment platform PeerBerry has shared its latest update for the month of September 2024. European investing platform PeerBerry notes that investors have reportedly funded €44.96 million worth loans in just the past month, which is actually 2% less than those reported in August. According to… Read More

October 7, 2024 @ 3:15 pm By Tony Zerucha  |  

This week, Canary Capital, a digital asset-focused investment firm, announced its official launch alongside the debut of its first trust offering, the Canary HBAR Trust. Steven McClurg, former co-founder and CIO of Valkyrie Funds, the issuers of the Valkyrie Bitcoin ETF, said he established Canary… Read More

October 7, 2024 @ 12:59 pm By Omar Faridi  |  

Ryan Lee, Chief Analyst at Bitget Research recently explained that Bitcoin (BTC), the flagship cryptocurrency, has grown steadily to become a major global asset, one whose market cap is impacted significantly by global events. For instance, Ryan Lee of Bitget Research, noted that the ongoing… Read More

October 7, 2024 @ 12:12 pm By Omar Faridi  |  

Coinbase Global Inc. (NASDAQ:COIN) will reportedly delist all “unauthorized” stablecoins from its digital assets exchange in the European Economic Area by the end of this year. This could be a potential setback for digital tokens such as Tether’s USDT. As widely reported, the European Union… Read More

October 7, 2024 @ 10:21 am By JD Alois  |  

During World Investor Week (WIW) 2024, which starts today, the Securities and Exchange Commission issued a statement advising investors to be careful in seeking investing information. The SEC is the national coordinator in the US, partnering with the Commodity Futures Trading Commission (CFTC), Financial Industry… Read More

October 7, 2024 @ 10:11 am By Omar Faridi  |  

With the Payment Systems Regulator‘s (PSR) new Authorized Push Payments (APP) rules coming into effect, Riccardo Tordera, director of policy and government relations at The Payments Association said that they will be monitoring the overall / anticipated impact of the latest APP fraud rules closely… Read More

October 7, 2024 @ 9:38 am By JD Alois  |  

Plaid,  a prominent open banking enabler, is now working with neobank MoneyLion to streamline the loan-making process. In a blog post, Alain Meier, Head of Identity at Plaid, said that for decades, lenders have relied on credit reports, but the lack of real-time information failed to… Read More

October 7, 2024 @ 9:26 am By Michael Wong  |  

Institutional investors and wealth managers are forecasting a significant increase in the launch of new digital asset funds this year, as traditional financial institutions show heightened interest in the sector, according to a report by London-based Nickel Digital Asset Management. The research indicates that approximately… Read More

October 7, 2024 @ 9:24 am By Omar Faridi  |  

Digital bank Revolut is reportedly calling for Facebook and Instagram’s owner Meta (NASDAQ:META) to share reimbursement of alleged fraud victims. UK-headquartered Revolut recently released their latest Consumer Security and Financial Crime Report. Revolut explained that the update has revealed that Meta platforms are identified as… Read More

October 7, 2024 @ 9:23 am By Tony Zerucha  |  

EXL [NASDAQ: EXLS], a data analytics and digital operations and solutions company, has launched EXL Insurance LLM, an industry-specific large language model. Building on EXL’s recently announced initiative with NVIDIA AI Enterprise, the EXL Insurance LLM is an industry-specific LLM created to support critical claims and underwriting-related… Read More

October 7, 2024 @ 9:21 am By Omar Faridi  |  

Sygnum is launching a web3 wallet recovery module built on Safe via the Safe{RecoveryHub}. According to Sygnum Bank, this solution makes self-custody wallet recovery reliable and user-friendly. Given more than 900K ETH (USD 2.27 billion) estimated as inaccessible to users, and losses due to forgotten… Read More

October 7, 2024 @ 9:09 am By Omar Faridi  |  

Starling Bank‘s recent £29 million fine shows the true cost of “cutting corners” on digital ID verification, according to Regtech and Fintech industry professionals. As reported just last week, this past Wednesday 2nd October, the UK’s challenger bank Starling had been fined nearly £30 million… Read More

October 7, 2024 @ 8:45 am By Omar Faridi  |  

Backbase, the creator of the Engagement Banking Platform, marked the recent opening of its global headquarters at Oosterdoksstraat 114 in Amsterdam. According to the engagement banking Fintech firm, this move is more than just a change of address; it represents another significant step forward in… Read More

October 7, 2024 @ 8:42 am By Omar Faridi  |  

CCData has shared their latest Stablecoins & CBDCs Report which offers an analysis of some of the key developments surrounding the evolving stablecoins ecosystem and CBDCs or central bank digital currencies. In September of this year, the total market cap of stablecoins surged by a… Read More

October 6, 2024 @ 6:29 pm By Omar Faridi  |  

PitchBook has shared an extensive update that takes a closer look at European Unicorns (firms / startups valued at $1 billion or more). PitchBook recently shared the following key insights and takeaways from their comprehensive research report: Critical / important questions emerge, as 54% of… Read More