Omar Faridi

Kenneth Bok: Head of Growth and Strategy at Zilliqa, a Major Blockchain Platform, Talks About Major Stablecoin Use Cases

Kenneth Bok, head of growth and strategy at Zilliqa, an established blockchain project that provides infrastucture to StraitsX, a stablecoin initiative introduced by the Fintech payments provider Xfers, recently shared his views and insights with Crowdfund Insider. Xfers is accredited by the Monetary Authority of… Read More

Detroit-based General Motors Files Patent Application for a Blockchain-based Navigation Map System that Regularly Updates Itself

Detroit-based General Motors (GM), a multinational corporation that manufactures vehicles and vehicle parts, and sells financial services, has filed a patent application for a navigation map system that regularly updates itself. The system will use blockchain or distributed ledger technology (DLT) to gather data from… Read More

Post COVID-19: Lasting Impact on Society Following Coronavirus Crisis will Create Favorable Growth Conditions for Fintech Firms, New Report Claims

The Coronavirus (COVID-19) outbreak has had a significant impact on our lives and is changing the way we work, interact, and consume products and services. Finch Capital, an early-stage venture capital firm focusing on Europe and the Southeast Asia region, has published a report, titled… Read More

Brazil’s Financial Regulators are Working on a Blockchain or DLT-enabled Data-Sharing Platform to Conduct Background Checks on Politicians and Corporations

Four of Brazil’s financial regulatory agencies are working cooperatively to create a blockchain or distributed ledger technology (DLT)-enabled data-sharing platform, which will conduct background checks on the nation’s political representatives and private corporations. The platform, called PIER, was reportedly created by the country’s reserve bank,… Read More

UK Fintech Capital On Tap to Help Businesses with Claiming Back Money Lost Due to Coronavirus Outbreak Using “Covid Credit” Solution

Capital on Tap has been working cooperatively with other Fintech service providers in order to develop a software tool, which aims to assist businesses with tracking and claiming back the funds they may have lost, due to the deadly Coronavirus (COVID-19) outbreak. Capital on Tap… Read More

Crypto Rating Council Releases New Scores for Basic Attention Token, USDC Stablecoin, IOTA

The questions surrounding whether certain crypto assets qualify as financial securities is becoming increasingly important within the blockchain or distributed ledger technology (DLT) sector. There are now several entities within the digital asset sector that are focusing on bringing greater understanding to this pressing issue…. Read More

Maker Foundation, which Supports Development of MakerDAO, a Decentralized Lending System, to Transfer Governance Power to Community in Coming Years

The Maker Foundation, which focuses on the development of MakerDAO, an Ethereum-based, decentralized lending protocol, will be transferring its governance power to the community during the next couple of years. The Foundation confirmed that it will be publishing a draft of the new MakerDAO community-led… Read More

Thesis, Developer of Keep Protocol, Acquires $7.7 Million in Funding via Round Led by Paradigm Capital

Thesis, the developers behind the Keep protocol, have acquired $7.7 million in capital through an investment round led by Paradigm Capital. Collaborative Funds and Fenbushi Capital also took part in the round. Thesis, which mainly serves as a venture production studio, is planning to introduce… Read More

Leading Decentralized Prediction Markets Platform Augur to Release New Version in June 2020

The developers of Augur (REP), a decentralized prediction market platform, are planning to release the protocol’s second iteration on the Ethereum (ETH) blockchain network in June 2020. Augur’s second version (v2) will add new features such as a Dai stablecoin-denominated token, which will be a… Read More

San Francisco-based Fitbit Introduces Fitness Wristband with Standard Contactless Payments Feature

San Francisco-based Fitbit, a company that (recently acquired by Google for $2.1 billion) offers compact, wireless, wearable sensors that track users’ daily activities in order to encourage people to adopt a healthy and active lifestyle, has introduced a fitness wristband that comes with a contactless… Read More

Nottingham-based Fintech Firm Tully Introduces a Coronavirus (COVID-19) Relief and Wellbeing network

Nottingham-headquartered Fintech firm Tully has introduced a Coronavirus (COVID-19) Relief and Wellbeing network. The network aims to offer a single, comprehensive online resource where individuals financially affected by the Coronavirus outbreak may get access to payment relief. Tully’s free of cost service accepts applications from… Read More

Netherlands-based Wolters Kluwer’s Compliance Program Management Business Introduces Coronavirus Noteworthy Developments Bulletins

Wolters Kluwer’s Compliance Program Management (CPM) business has introduced the Coronavirus Noteworthy Developments Bulletins, which aim to bring together all the global regulatory modifications, orders, notices and various other updates for the financial services sector (as they relate to the deadly COVID-19 outbreak). The newly… Read More

Crypto Taxes: Spain’s Tax Authorities Sends Warning Letters to 66,000 Digital Asset Investors

Spain’s tax authorities have begun sending warning letters to around 66,000 digital asset investors. The Spanish tax agency aims to remind cryptocurrency holders of their tax obligations. The Agencia Estatal de Administración Tributaria (AEAT) reportedly began its crypto-related tax collection campaign on April 1, 2020…. Read More

Singapore-based Smartly, a Robo Advisory Platform, to Close Down Due to Increasing Competition in Wealth Management Sector

Singapore-based Smartly, a Robo-advisory platform, is reportedly planning to close down its business operations, due to intense competition in the wealth management and technology (Wealthtech) industry. Established in 2015 and acquired in 2019 VinaCapital, a Vietnamese investment management company, Smartly’s management has been struggling  to… Read More

Australian Digital Bank Xinja Selects Cloud Content Management Provider Box

Xinja, a an Australian digital bank, has selected Box (NYSE:BOX), a cloud content management provider, to help with improving its client interactions through the neobank’s mobile app. Xinja clients’ bank statements and account data will be sent via a portal that’s operated and managed by… Read More

Fintech TransferWise Surpasses 7 Million Global Users, Now Supports Instant Transfers to Japan in JPY

Fintech TransferWise has revealed that there are now over 7 million people across the globe that are using the company’s services to move money from one country to another. Founded in 2010 in Estonia, TransferWise now supports over 1,600 different currency routes, helping people save… Read More

Belgium-based InvestSuite, a B2B Wealthtech Firm, Secures an Additional €2 Million in Seed Funding

Belgium-based InvestSuite, a business-to-business (B2B) wealth technology (Wealthtech) firm, has secured an additional €2 million in seed funding. The firm’s current and new angel investors took part in the round. InvestSuite’s management and employees also made contributions, bringing the company’s total funding since its launch… Read More

London-based Push Technology to Offer Diffusion Cloud, a Real-Time API Management Platform, Free of Cost to Help Companies During Global Crisis

UK-headquartered Push Technology, a provider of real-time intelligent data streaming and messaging services, will offer a cloud-powered platform for API management, called Diffusion Cloud. The platform will be available at no extra cost for the company’s new and existing clients. Push Technology notes that it… Read More

Los Angeles-based Banking Challenger, HMBradley, Launches Digital Banking Platform to Reward Savers

Los Angeles-headquartered banking challenger, HMBradley, has launched its own digital banking platform, which has been developed to reward savers. The bank’s clients who had been on the HMBradley waitlist will now be able to open a bank account and set up direct deposits. Users will… Read More

Paradigm Is Biggest Winner of MakerDAO Lending System’s MKR Governance Tokens, to Cover $4.5 Million of Undercollaterized Debt

San Francisco-based Paradigm, a digital asset investment firm, is reportedly the biggest winner of several MKR governance token auctions which were meant to cover about $4.5 million of undercollateralized debt. The auctions, which took place between March 19 and March 28, 2020, managed to raise… Read More

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