Omar Faridi

Markus Jun: Founder of ICON Hyperconnect Public Representative Shares Latest Insights from South Korea Crypto and Blockchain Sector

We recently connected with Markus Jun, the founder and CEO of ICON Hyperconnect Public Representative, a leading block validator for the ICON network with $20 million in total staked value, and Hyperconnector, an official accelerator partner of the ICON Foundation & ICX Station Seoul. Markus… Read More

MoneyGram to Stop Using Ripple’s XRP based Fund Transfer Service due to “Uncertainty” Surrounding Ongoing Litigation with SEC

MoneyGram International, Inc. (NASDAQ: MGI), a major cross-border P2P payments and money transfers service, has confirmed that it will no longer be using American Fintech Ripple Labs’ XRP-powered liquidity product. MoneyGram stated that it decided to stop using the technology due to the “uncertainty” surrounding… Read More

Sunayna Tuteja, the Former TD Ameritrade Head of Digital Assets, Hired by US Fed as Chief Innovation Officer

Sunayna Tuteja, the former Managing Director, Head of Digital Assets & DLT (Blockchain, Crypto) at TD Ameritrade, has now been hired by the US Federal Reserve System as its Chief Innovation Officer. Tuteja has been a vocal supporter of Bitcoin. She claims to have gotten… Read More

European Central Bank Issues Specialized Banking License to Lithuania-based Firm UAB SME Digital Financing

After a proposal from the Bank of Lithuania, the European Central Bank (ECB) has reportedly issued a specialized banking license to the Lithuanian capital company UAB SME Digital Financing. It’s now expected that after acquiring such a permit, UAB SME Digital Financing will begin accepting… Read More

Banking Challengers Starling and Branch Provide Reasons to Break Up with Your Old Bank

UK-based digital banking challenger Starling notes that bad relationships can be a lot of hard work. The Fintech firm has provided several reasons why it may be a good idea to “cut the ties” with your regular bank and “fall in love with easy, responsible… Read More

Pakistani Online Payments Fintech SadaPay Introduces Numberless Debit Card for Seamless Digital Transactions

Islamabad-based Fintech firm SadaPay has introduced the region’s first numberless debit card. SadaPay’s management confirmed that the company’s debit card is now officially the first numberless card to be launched across all of the MENA region. The SadaPay team noted in a blog post: “This… Read More

Digital Banking Unicorn Revolut has Further Simplified Online Payments with QR Codes

Digital banking platform Revolut confirms that it recently “simplified” online payments via the launch of Payment Links to Revolut Business clients. The Fintech Unicorn has made other updates so it’s even easier to accept virtual payments “straight away” with QR codes. For those not completely… Read More

Lithuania based Debitum, which Provides Borderless Small Business Financing, Reports that it Now Offers Profitable Investment Tools

Lithuania-based Debitum, which offers borderless small business financing, notes that December 2020 was the month that “concluded a great year” for the platform. During 2020, Debitum managed to reach several key milestones: more than 3 million EUR outstanding portfolio, more than 20 million EUR of… Read More

Compliant Security Token Offerings May be Conducted with Binance Smart Chain enabled Digital Identity Solutions from Ontology

Blockchain platform Ontology (ONT) and Binance, the leading digital currency exchange, have a long and established history of cooperation and partnership which has led to many benefits for both sides, “none possibly more important the integration of Ontology’s Decentralized Identity Solution into the Binance Smart… Read More

Bitcoin Is “Extremely Inefficient” when Used to Settle Financial Transactions, US Treasury Sec Janet Yellen Argues

US Treasury Secretary Janet Yellen stated on Monday (February 22, 2021) that Bitcoin is an “extremely inefficient” way to settle financial transactions. Yellen commented on how the digital currency’s price fell sharply (as usual) during morning trading hours, but then stayed above the $53,000 mark… Read More

Over 100,000 Bitcoin Addresses were Holding $1 Million or More when BTC Price Briefly Surpassed $58K: Report

There are now around 100,000 Bitcoin (BTC) addresses that are holding more than $1 million worth of the cryptocurrency. The Bitcoin and crypto-mania has helped many individuals become millionaires (many almost overnight) as the digital asset continues to attract many more new investors including major… Read More

EstateGuru Financed €14M in Loans in Jan 2021, Borrowers Repaid 61 Loans worth €11.3M, Defaults Up 6%

EstateGuru, an Estonia-based peer-to-peer lender facilitating secured loans, notes that the first month of this year was a “successful” one for the platform’s borrowers and investors. EstateGuru revealed that they’ve financed a total of €14 million worth of loans. The P2P lender also confirmed that… Read More

European Online Lending Marketplace Mintos Reveals that Many More Women Investors Joined Platform in 2020

Peer-to-peer lending marketplace Mintos reveals that women now help make up 15% of the total number of investors on their platform, with a 43% year-over-year (YoY) growth during 2020. Mintos noted in a blog post that in total, women on the platform have managed to… Read More

New York City Bars Could Make History by Selling for Bitcoin (BTC) or Ethereum (ETH) as Digital Asset Prices Keep Rising

A restaurant owner based in New York City has been trying to sell his two bars for Bitcoin (BTC), the flagship cryptocurrency. Patrick Hughes had put his side-by-side bars in Manhattan’s Hell’s Kitchen neighborhood, Scruffy Duffy’s and Hellcat Annie’s, up for sale last month. Hughes… Read More

New Instant Payments System “Sarie” Launched in Saudi Arabia to Seamlessly Settle Local Digital Transactions

The reserve bank in Saudi Arabia has introduced an instant payments solution, called the “Sarie” system, in order to carry out low-value transactions within the country. The Saudi reserve bank (SAMA) noted that the new initiative will allow banking customers in the Kingdom to accept… Read More

Bitcoin Is like an “Economic Side Show” when Compared to the Fintech Boom, JPMorgan Analysts Argue

JP Morgan says that Bitcoin (BTC) is like an “economic side show” when compared to the emergence of many new Fintech businesses. The bank’s analysts have argued that Bitcoin is a poor hedge against the falling equity prices. The world’s leading digital currency is trading… Read More

Enterprise Blockchain Platform for Real Estate, Ubitquity, Is Partnering LavaTrust to Streamline Closing Operations

Ubitquity LLC, an enterprise-grade blockchain-enabled platform for real estate and title recordkeeping, is teaming up with LavaTrust Consultancy in order to gain key insights into the US real estate closing sector. Headquartered in Vancouver, BC, Canada, LavaTrust Consultancy aims to bring its industry expertise and… Read More

Tesla Inc has Already Made $1 Billion off its $1.5 Billion Bitcoin (BTC) Purchase, Outperforming Car Sales in 2020

Elon Musk’s Tesla Inc (NASDAQ:TSLA) has already made a billion dollars in profits from its fairly recent $1.5 billion Bitcoin (BTC) purchase. Notably, these dramatic gains could be substantially more than what Tesla may have made off of its car sales during 2020, according to… Read More

UK’s CBILS Scheme has Become Viable Investment Opportunity for Credit Funds and Specialty Lenders

An article from Global Capital notes that more securitizations of United Kingdom government-backed SME loans are being carried out in private. Last month, Funding Circle had reportedly finalized a deal with Sixth Street and Barclays. Since the UK’s Coronavirus Business Interruption Loan Scheme (CBILS) was… Read More

Chris Macklin from Assetz Capital Explains how P2P Lender Managed the Platform Loan Book During COVID-19 Pandemic

Chris Macklin, Chief Risk Officer at Assetz Capital, a peer-to-peer lender that originates secured loans, has provided a loan book update. As noted in a blog post by Assetz Capital, Macklin explained how the platform managed the loan book during the COVID-19 pandemic and shared… Read More

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