Omar Faridi

Openbank and Santander Consumer Finance to Integrate Services in Europe

Openbank and Santander Consumer Finance announced that they will integrate in Europe, expanding their range  of products and services to customers. Banco Santander (NYSE: SAN) noted that it will merge Openbank and Santander Consumer Finance (SCF) into a single legal entity and will gradually operate its… Read More

Bitcoin and Ethereum Market Volatility Surges as Trade War and AI Bubble Fears Escalate

Volatility is heating up across Bitcoin (BTC) and Ethereum (ETH) as markets deal with fears of a renewed U.S.-China trade war as well as a potentially bursting AI bubble. Derive.xyz noted that the 30-day implied volatility for BTC has surged to 45%, up considerably from… Read More

Beijing’s Regulatory Grip Remains Firm: Chinese Tech Companies Forced to Shelve Stablecoin Plans in Hong Kong

In yet another powerful reminder of China’s unyielding control over financial tech innovation, two of its technology firms—Alibaba (NYSE:BABA)-affiliated Ant Group and online retail behemoth JD.com—have abruptly suspended their plans to launch stablecoins in Hong Kong. This development, revealed over the weekend, underscores Beijing’s deepening… Read More

Revolut Now Approved to Introduce Digital Banking Operations in Mexico

Digital bank Revolut, which enables a global fintech platform with over 65 million retail customers today announced it has received final authorisation from the National Banking and Securities Commission (CNBV), with approval of the Bank of Mexico, to commence operations as a Multiple Banking Institution… Read More

European Fintech TrueLayer to Acquire Nordic Pay By Bank Network Zimpler

TrueLayer says it has signed an agreement to acquire Zimpler, a Pay by Bank network in the Nordics. The acquisition will now aim bring together two of Europe’s Pay by Bank providers, further strengthening TrueLayer as a key player in the crowded European payments industry…. Read More

Federal Reserve Governor Waller Signals Fed’s Pivot Toward Encouraging Crypto Adoption, Suggests “Skinny” Master Account for Payments

Federal Reserve Governor Christopher Waller stated that the reserve bank plan is beginning a new phase and crypto will no longer have to be on the fringes while introducing another prototype in order to enhance reserve bank services. Waller added that they intended to send… Read More

Blockchain Trade Association Digital Chamber Says DeFi Deserves a Constructive Regulatory Proposal

The United States stands at a pivotal moment, poised for a potential resurgence in digital tech advancements and related breakthroughs, according to blockchain focused trade association Digital Chamber, as the Senate debates new DeFi proposals. The organization advocates for a regulatory framework that balances financial… Read More

Payroll Platform Bitwage Reports AWS Outage Issues Being Resolved

Bitwage, an international payroll platform that gives workers the flexibility to receive their earnings in various currencies, is reporting that service disruption caused by the AWS outage have now been resolved. According to the update from Bitwage, most payment processes are now “back to normal.” Still,… Read More

Bank of England Governor Andrew Bailey Criticized for Being Unnecessarily “Inflammatory” About Stablecoins

Zach Burks, CEO of Mintable, which aims to make the most of Ethereum’s blockchain tech to allow users to create, manage, and sell digital files with the benefits of provable ownership, has commented on why Bank of England Governor Andrew Bailey is being unnecessarily “inflammatory”… Read More

Sony Bank‘s Connectia Trust to Focus on Crypto Sector, Submits Request to OCC for National Trust Bank Charter

Sony Bank‘s wholly owned subsidiary, Connectia Trust, has submitted a formal request to the Office of the Comptroller of the Currency (OCC) for a national trust bank charter. This application, submitted earlier this month, signals Sony Group’s commitment to blockchain tech advancements and breakthroughs, aiming… Read More

L1 Blockchain Aleo to Focus on Privacy Achieved via ZKPs

CertiK noted that Aleo Systems has developed a Layer 1 blockchain named Aleo, focusing on privacy achieved via the use of zero-knowledge proofs (ZKPs) and various other cryptographic methods. CertiK explained that unlike most popular or widely-used blockchains, where data used and created by transactions… Read More

Financial Stability Board (FSB) Releases Latest Review of Crypto Regulation

A thematic review on an international regulatory framework for crypto-asset activities has been released by the Financial Stability Board (FSB). The evolution and growth of crypto-asset markets highlights the importance of implementing the FSB’s recommendations for crypto-assets as well as global stablecoins. The report from… Read More

British Columbia to Ban New Bitcoin and Crypto Mining Projects

British Columbia, which is one of Canada’s largest provinces in terms of overall population, recently noted that it intends to place a complete ban on any new Bitcoin and cryptocurrency mining operations. British Columbia said that it aims to prevent such initiatives from connecting with… Read More

OpenFX Explains Why Settlement Speed Is the New Infrastructure Moat

OpenFx noted that just five months back, they came out of stealth at $8B in annualized payment volume. And this past month, they claim to have crossed $20B. Somewhere along that process and journey, the customer conversation fundamentally changed, the OpenFX team claims. At $8B,… Read More

Ledger’s White Hat Team Discovers Flaw in Tangem Cards, Making Brute Force Attacks Possible

French crypto hardware wallet maker Ledger recently revealed that their white hat team, the Ledger Donjon, discovered a flaw in Tangem cards that reportedly makes “brute force attacks possible.” As always, the team at Ledger claims that they followed so-called “responsible disclosure,” but can now… Read More

Stripe backed Tempo Announces $500M Series A at $5B Valuation

Tempo, a blockchain that is focused on stablecoin payment processing, recently announced a $500 million funding round. Incubated by Stripe and Paradigm, Tempo’s  Series A round was reportedly led by Thrive Capital and Greenoaks. This, according to an update this past week from Fortune, which… Read More

Solana Validator Blockport Acquired by Institutional Staking Provider Pier Two

Pier Two, the institutional staking and infrastructure provider, announced the acquisition of Solana validator Blockport. The latest acquisition highlights Pier Two’s growing commitment to the Solana ecosystem and brings on board Blockport Co-Founders Adrian Ciaffoncini and Nik Herrmann, whose experience and focus on the Solana… Read More

Daylight Announces $75M Funding Round to Build Decentralized Energy Network

Daylight has reportedly raised $75M in order to build the decentralized energy network powering the world’s most “important” commodity: electricity. This funding round helps them move faster toward an electric grid that delivers what the old one “no longer can: affordability, reliability, and abundant power.”… Read More

UK Crypto Industry Professional Shares Insights on FSB’s Digital Assets Regulations Report

The Financial Stability Board’s (FSB) had issued a warning this past week  about what it considers to be “significant gaps” in ongoing attempts to regulate the fast-evolving crypto markets. Nick Jones, Founder and CEO, Zumo, said that it’s worth noting the FSB has said financial… Read More

Fintech Platform FutureBank and Verification Provider Sumsub to Enable Financial Inclusion

FutureBank, a banking and payments integration platform, announced an international partnership with Regtech company Sumsub, a global verification provider. The latest collaboration should help banking service providers with enhancing their digital transformation strategies and control all identity operations via a unified platform. The partnership brings… Read More

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