The Office of the Comptroller of the Currency Clarifies Banks Ability to Serve Crypto Firms. What Does this Mean for Digital Asset Businesses?

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Recently, the Office of the Comptroller of the Currency (OCC) posted a letter clarifying national banks’ and federal savings associations’ authority to provide cryptocurrency custody services for customers. Although recently we have seen improvements in banks providing services to crypto firms, many digital asset service providers… Read More

Payments Firm Square Reports $875 Million in Bitcoin (BTC) Revenue via Cash App during Q2 2020

Payments company Square (NYSE:SQ) reported on August 4, 2020, that it generated $875 million in Bitcoin (BTC) related revenue through the company’s popular Cash App service during Q2 2020. Overall, Square reported a big beat topping analyst expectations. The jump was driven in part from… Read More

Regtech: kompany Raises €6 million for boost DLT based KYC Service, AI Shareholder Analysis Tool

kompany, a Vienna, Austria based Regtech firm, has raised just shy of €6 million, according to a note from the company. This brings total funding to €14 million. kompany is an AML/KYC service that is also developing an artificial intelligence (AI), DLT based, compliance solution…. Read More

Fintech Solutions Can Enable More Widespread Financial Inclusion, Could Increase GDP of Emerging Markets by $3.7 Trillion: Report

Critical gaps in the global banking system, especially in emerging markets, have restricted business growth and development. Consumer demand cannot be effectively addressed if banking platforms are not updated to meet the requirements of individuals and small business owners. Billions of people across the globe… Read More

Securities Commission Malaysia Looks to Standardize Digital Asset Wallets

The Securities Commission Malaysia (SC) is seeking feedback on a regulatory framework for digital asset wallet providers. The review is expected to complement the existing frameworks for Digital Asset Exchange (DAX) and Initial Exchange Offering (IEO). The SC notes that digital asset wallet providers, now… Read More

Bursa Malaysia Berhad, the Malaysian Stock Exchange, Partners with Hashstacs on Bonds Issued on Blockchain Proof of Concept

Bursa Malaysia Berhad, the stock exchange of Malaysia, has partnered with Hashstacs Pte Ltd, based in Singapore, regarding a bond on blockchain proof-of-concept (POC). The project has been labeled “Project Harbour” and it aims to explore distributed ledger technology and tokenization of assets while boosting… Read More

Security Token Market Cap Increases 170% for July 2020, Aggregate Rate of Return Up 30% Month over Month: Report

The Security Token Group (STG) has published the Security Token Market Report for July 2020. The team at STG notes that the aggregate trading volume for security tokens listed on stomarkets.com increased 279.80% (month-over-month). The report reveals that the aggregate market cap was up by… Read More

UK Fintech Wiserfunding to Introduce AI enhanced Cloud based Credit Risk Assessment Tools in India

UK based Fintech firm Wiserfunding is expanding its operations into markets in India. The company is introducing its AI enhanced, cloud-powered credit risk assessment tool for SMEs. Wiserfunding’s entry into Indian markets has come at a time when small businesses across the nation are struggling… Read More

Australia’s DayTek Capital, which aims to Launch a Digital Bank, Acquires Financial Services License

Australia based DayTek Capital, a company focused on establishing a digital bank, has reportedly been awarded a financial services license by regulators in the country. Headquartered in Queensland, the new digital bank, called Infinity, has joined several other Australian banking challengers, which include Xinja Bank,… Read More

Asian Institute of Digital Finance Created by Monetary Authority of Singapore and Others Looks to Boost Fintech

The Monetary Authority of Singapore (MAS), along with the National University of Singapore (NAS) and National Research Foundation (NRF), have joined to create a new Fintech focused entity: the Asian Institute of Digital Finance (AIDF). AIDF is expected to provide thought leadership and strengthen synergies… Read More

Alex Mashinsky from Celsius Network Argues that the Ethereum based Lending Platform Is Better than its DeFi Competitors

Alex Mashinsky, the founder of several notable startups such as Arbinet, VoiceSmart, GroundLink, and currently the CEO at the Celsius Network, an Ethereum-based lending platform, notes that Celsius is a member organization. He explains during an interview featured on Bloxlive.tv that the company’s job is… Read More


LendingClub Q2 Hit by COVID: Loan Originations of $325.8 Million, Down 90% year-over-year

LendingClub (NYSE:LC) is out with Q2 earnings and, as anticipated, COVID-19 has hit the online lender hard. According to the company, during the quarter loan originations came in at $325.8 million, down 90% year-over-year. LendingClub’s net revenue during the quarter was down 77% year over… Read More

U.S. Insurtech Pie Insurance Launches Partner Portal

Just a couple of months after the closing of its latest investment round, which raised $127 million, insurtech startup Pie Insurance announced the launch of its new partner portal.  According to Pie, the portal uses proprietary technology that makes it easier for partner agents to… Read More

Biz2Credit Analysis of COVID-19 Effects on Small Businesses Reveals: Revenues Dropped 52% and Payrolls Declined 54%

Small business funding platform Biz2Credit announced on Tuesday its new Small Business Financial Health Survey, a study of primary data from 300 small business owners who received funding through the U.S. government’s Paycheck Protection Program (PPP), revealed year-over-year second quarter revenues of small business owners… Read More

U.S. Financial Service Buckle Secured $31 Million Through Series A Funding Round Co-Led By HSCM Bermuda & Eos Venture Partners

Buckle, a U.S.-based financial services group, announced on Tuesday it secured $31 million through its Series A funding round co-led by HSCM Bermuda and Eos Venture Partners. Founded in 2017, Buckle state provides financial products and services to the shared economy. The company revealed that beginning with insurance,… Read More

Mastercard Collaborates With Bank of Shanghai to Enable Better Cross-Border Business Payments in China

Mastercard recently announced it has partnered with Bank of Shanghai to enable better cross-border business payments in China. Mastercard reported that with its cross-border services, businesses will be able to transfer funds to local banks in China. The service will also reduce transaction costs and… Read More

Blockchain Powered Real Estate Crowdfunding Platform Max Crowdfund Receives Approval From the Netherlands’ Financial Market Authority

Max Crowdfund, a blockchain-powered real estate crowdfunding platform, has reported secured approval from the Financial Market Authority (FMA) in the Netherlands. Under development since 2017, Max Crowdfund explained that it allows registered investors to access high-quality real estate investment opportunities in a matter of minutes,… Read More

European Fintech Viva Wallet Secures Banking License of Praxia Bank

European fintech Viva Wallet announced on Tuesday it has officially acquired the banking license of Praxia Bank after the completion of the share purchase agreement between AMC Oak (Shareholder) and Viva Wallet Holdings (purchaser). Viva Wallet reported that the banking license will allow it to… Read More

Digital Currency Group, Parent of Genesis, Commits $25 Million to Circle

Circle, a digital asset ecosystem that is focusing on stablecoins, has received a $25 million investment from the Digital Currency Group – parent of Genesis. Once more of a crypto-exchange, Circle has pivoted a bit to service other sectors of digital assets. In Q2 of… Read More

Worldpay Joins Klaytn Blockchain Governance Council

Klaytn, a global public blockchain platform developed by Ground X, the blockchain affiliate of the leading South Korean Internet company, Kakao, announced on Tuesday FIS’ global e-commerce platform, WorldPay, is joining its Blockchain Governance Council. Klaytn Governance Council is reportedly an alliance of multinational businesses… Read More

Wow. THIS, a Meat Substitute Business, Sees £20.2 Million Pledged on Upper End of Forthcoming Seedrs Offering

Plant-based meat substitute firm “THIS” is reporting strong interest in its forthcoming securities offering on Seedrs. Several weeks ago, THIS revealed its intent to list a crowdfunded securities offering on Seedrs. The investment opportunity follows a recent VC round where the company raised £4.7 million… Read More

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