Fernando Martinelli: Balancer Co-Founder Says DeFi Is Going to Be the Rails of Every Financial Application in Next 10-20 Years

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We recently connected with Fernando Martinelli, the Co-founder and CEO at Balancer Labs, which supports the ongoing development of Balancer, an automated portfolio manager and digital asset liquidity provider. As covered in May 2021, Balancer Version 2.0, the “most flexible” and efficient automated market maker… Read More

William Callahan, Director of Government and Strategic Affairs at Blockchain Intelligence Group, Says Money Launderers Benefit from Volatility

William Callahan, Director of Government & Strategic Affairs at Blockchain Intelligence Group,  has noted that Tether CTO and General Counsel had made an appearance live on CNBC last week. William has asked us whether we think the U.S. Department of Justice was watching this “slow… Read More

Folks Warming to CBDC Use: Guardtime Study

Consumers are warming to the concept of Central Bank Digital Currencies (CBDC), research from European deep tech company Guardtime shows. Guardtime surveyed people in 10 countries and found 64 per cent of people would likely use a CBDC launched in their country, with 33 per… Read More

Fintech Sila, an API Platform Offering Payment Infrastructure as a Service, Acquires $13M via Series A led by Revolution Venture

Sila, an API platform that offers payment infrastructure as a service while ensuring regulatory compliance, has acquired $13 million in capital through a Series A round that was by Revolution Venture. Sila‘s latest investment round was joined by Madrona Venture Group, Oregon Venture Fund, Mucker… Read More

Asian Virtual Event Manager EventX Raises $10M Series B

Asian virtual event management company EventX has closed a US$10 million Series B funding co-led by HTC, a virtual reality (VR) company, and Gaocheng Capital, a Chinese private equity fund focused on enterprise software and technology-enabled services sectors. EventX supports in-country and cross-border events with… Read More

Hong Kong Wealth Rates to Resume Climb

Hong Kong’s wealth market is poised for a rebound after a pandemic-affected 2020, new research from GlobalData suggests. The number of affluent, mass affluent and high net-worth investors is expected to grow 7.8 per cent to reach 3.9 million this year. Sixty per cent (60.6)… Read More

Near-Term Bitcoin Trends Analyzed

Bitcoin’s recent movement around the $29,000 border could influence the cryptocurrency market through the end of the year EXANTE senior analyst Victor Argonov said. While the market drawdown has been going on for more than two months, but the June BTC low of $28,800 has… Read More

Australia: Equity Crowdfunding Volume Doubles in First Half of 2021

Investment crowdfunding in Australia, or crowd-sourced funding (CSF), has doubled in the first half of 2021 in comparison to the same period year prior according to a note provided by Birchal. In aggregate since CSF became legal, over 144 Australian SMEs have raised over $100 million… Read More

Insurtech Lemonade CEO Daniel Schreiber Shares Insights About their Unique Business Model

Daniel Schreiber, CEO at Insurtech Lemonade (NYSE:LMND), reveals that it’s now their 5th year in a row of givebacks. It’s actually grown 4000% across those years, Daniel notes, while adding that it has been growing quite steeply this year compared to 2020’s 100%+ growth. He… Read More

CoinSwap Space Allows ADA, ETH, LINK Rewards

CoinSwap Space, a decentralized exchange on the Binance Smart Chain, now allows investors to stake their native CSS token and earn rewards in ADA, ETH, and LINK. These coins’ long-term viability should shield them from the heaviest losses, the company believes. Launched on April 30,… Read More

Negative Sentiment Continues to “Plague” Digital Assets, but Multi-Asset Is “Bucking the Trend,” CoinShares Reports

James Butterfill, Investment Strategist at London-based CoinShares, a digital asset manager focused on expanding access to the cryptocurrency ecosystem while serving as a “trusted partner” for its clients, notes in a blog post published on Monday (July 26) that for the week ending July 26,… Read More



Venture Funding of Payment Fintechs Tops $5.5 Billion in First 6 Months, 5X Year Prior

VC funding of Fintechs continues to boom as more established Fintechs capture outsized funding rounds and smaller firms continue to provide new spins on digital financial services. S&P Global Market Intelligence is out with a focused report stating that $5.56 billion went into the payments… Read More

Coinbase Appoints Former Google Distinguished Engineer and Ex- Dropbox CTO Bharat Mediratta as Fellow

Bharat Mediratta has reportedly joined digital assets firm Coinbase (NASDAQ:COIN) as Fellow. The former Google Distinguished Engineer and Dropbox CTO and SVP aims to bring his deep technical expertise to Coinbase, according to the announcement. As noted by Coinbase: “Today, we’re excited to welcome Bharat… Read More

Bitcoin Whales Buying the Dip

Bitcoin’s recent travails are a reminder to retail investors to watch the whales, GlobalBlock sales trader Alexandra Clark said in a recent research note. After dipping to $29,393, signs show Bitcoin is on the upswing, Clark said. A group of Bitcoin whales purchased a total… Read More

Senate Banking Crypto Hearing: Senator Warren Says Crypto is Dangerous for Our Financial System

The Senate Banking Committee held a hearing today on cryptocurrency aptly titled Cryptocurrencies: What are they good for? And as one may anticipate, the questions and support of digital asset innovation largely fell along party lines. For the witnesses, there were representatives from Coin Center, Filecoin,… Read More

Lloyds Bank Commercial Banking to Use Mastercard Open Banking Merchant Payment Solution to Launch PayFrom Bank

Lloyds Bank Commercial Banking will be utilizing Mastercard’s Open Banking merchant payment solution to launch PayFrom Bank. The solution allows people to carry out online payments directly from their bank accounts, giving customers more choice over “how they pay” while providing merchants with “instant settlement… Read More

SEC fines 27 for Poor Filing, Investor Notification Practices

The Securities and Exchange Commission (SEC) has settled charges with 21 investment advisers and 6 broker-dealers related to their failure to timely file and deliver their client or customer relationship summaries (Form CRS) to their retail investors. On June 5, 2019, the SEC adopted Form… Read More

Proptech Landis Raises $165 Million Series A led by Sequoia

Proptech Landis has raised $165 million in debt and Series A equity financing led by Sequoia Capital.  Other investors include Arrive, a Roc Nation company, Will Smith’s Dreamers VC as well as existing investor Signia Venture Partners. Total funding for Landis now stands at $182… Read More

Focused on Regulatory Compliance, BlockQuake Crypto Exchange Launches Today

BlockQuake has announced its long-anticipated official launch. The crypto exchange has taken a regulatory compliance first approach learning from the early innovators to create a “gold standard” digital asset trading platform. BlockQuake states that it seeks to differentiate its service by aiming to give users… Read More

Digital Assets: Fireblocks Raises $310 Million at $2 Billion Valuation

Fireblocks, an enterprise-grade platform providing an infrastructure for digital assets, has raised a $310 million Series D funding round at a huge $2 billion valuation. The funding was led by Sequoia Capital, Stripes, Spark Capital, Coatue, DRW VC  and SCB 10X, Siam Commercial Bank, along… Read More

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