March 5, 2025 @ 9:15 pm By Omar Faridi  |  

400 Capital Management LLC, an alternative credit asset manager specializing in asset-based credit strategies with over $7.4 billion of assets under management, announced the closing of its latest private credit fund, Asset Based Term Fund IV (ABTF IV). The fund, which launched in December 2023,… Read More

March 5, 2025 @ 8:12 pm By Omar Faridi  |  

BlackRock Inc. (NYSE:BLK) announced the completion of its acquisition of Preqin, an independent provider of private markets data. This transaction strengthens BlackRock’s ability to serve clients’ whole portfolios — across public and private markets — by “combining investment, technology, and data solutions in one platform.”… Read More

March 5, 2025 @ 4:22 pm By Omar Faridi  |  

Coin Metrics noted that the Solana blockchain has emerged as a key player in the web3 and crypto ecosystem, due to its relatively high throughput, fairly low transaction costs, and a fast-growing ecosystem (although a lot of activity centers around speculative trading and meme coins)…. Read More

March 5, 2025 @ 3:09 pm By Omar Faridi  |  

February 2025 marked a difficult month for fintech companies (even though tech stocks in general have been seeing downward price pressure as well), with Block (NASDAQ:SQ) – once a major player in the sector—leading the charge downward, plummeting 28% in its steepest decline since 2023…. Read More

March 5, 2025 @ 3:07 pm By Omar Faridi  |  

In a significant shift in regulatory approach, the Consumer Financial Protection Bureau (CFPB) has dropped its lawsuit against three of the largest U.S. banks—JPMorgan Chase, Bank of America, and Wells Fargo—along with Zelle’s operator, Early Warning Services. The case, which alleged that these institutions failed… Read More

March 5, 2025 @ 3:06 pm By Omar Faridi  |  

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Iran-based Behrouz Parsarad, the sole administrator of Nemesis, an online darknet marketplace, which was subject of an international law enforcement operation and “was taken down in 2024.” Prior to its takedown by… Read More

March 5, 2025 @ 11:31 am By Omar Faridi  |  

Friendly fraud has become a pressing issue for businesses, particularly in the fast-evolving world of e-commerce. This, according to a new report released by Juniper Research. Unlike traditional fraud involving stolen payment details, friendly fraud occurs when legitimate customers dispute valid transactions, often claiming non-delivery… Read More

March 5, 2025 @ 8:43 am By Omar Faridi  |  

U.S.-based spot Bitcoin exchange-traded funds (ETFs) finally snapped an eight-day streak of net outflows on Friday (February 28, 2025), recording a modest $94 million in net inflows. The slight turnaround was primarily driven by Ark and 21Shares’ ARKB fund, which pulled in $194 million, and… Read More

March 5, 2025 @ 8:42 am By Omar Faridi  |  

The Bank of Israel released its preliminary design for the Digital Shekel System and sees public feedback. At the end of 2024, the digital shekel project reached a major milestone with the completion of a high-level design for the DS. The design document is being… Read More

March 5, 2025 @ 8:30 am By Omar Faridi  |  

PitchBook’s Q4 2024 Netherlands Market Snapshot examines the current state of the Dutch private capital market, focusing on the venture capital (VC), private equity (PE), as well as notable exit activity. Released as part of PitchBook’s ongoing analysis of global markets, the extensive research study… Read More

March 5, 2025 @ 8:19 am By Omar Faridi  |  

President Donald Trump’s recent proposal to integrate various altcoins—such as XRP, Solana (SOL), Cardano (ADA), and Ethereum (ETH)—into a national cryptocurrency strategic reserve has ignited a firestorm of debate within the crypto industry. One of the key takeaways from this is that at least it… Read More

March 4, 2025 @ 7:47 pm By Omar Faridi  |  

Akur8, the insurance pricing and reserving solution powered by machine learning, announces that CompSource Mutual Insurance Company, the workers’ compensation insurance carrier in Oklahoma, has chosen Akur8’s Core Platform solution to “enhance their insurance pricing models and improve their overall pricing process.” Akur8’s Core Platform… Read More

March 4, 2025 @ 7:43 pm By Omar Faridi  |  

This past Thursday, the Consumer Financial Protection Bureau (CFPB) dismissed a significant lawsuit against Capital One and its parent company, Capital One Financial Corp, originally filed on January 14, 2025. The suit, launched just days before President Donald Trump’s inauguration, accused Capital One of depriving… Read More

March 4, 2025 @ 2:29 pm By Omar Faridi  |  

Bitcoin Suisse is pleased to announce the addition of TON (The Open Network), OP (Optimism), ENA (Ethena) and ONDO (Ondo Finance) to its comprehensive trading and custody offering. Effective immediately, Bitcoin Suisse clients are able to trade and securely store TON, OP, ENA and ONDO,… Read More

March 4, 2025 @ 2:27 pm By Omar Faridi  |  

Northleaf Capital Partners, a global private markets investment firm, today announced that it held the final closing for Northleaf Private Credit III . In aggregate, Northleaf raised more than $1 billion in “capital commitments for NPC III and separately managed accounts that invest alongside the… Read More

March 4, 2025 @ 2:25 pm By Omar Faridi  |  

Betterment Advisor Solutions (BAS), the “all-in-one” custodian for modern RIAs, has recently announced the launch of an all-digital solo 401(k), designed for independent advisors and their self-employed clients. Betterment‘s solo 401(k) is built upon its existing “record keeping system that today powers Betterment at Work.”… Read More

March 4, 2025 @ 11:27 am By Omar Faridi  |  

Flowdesk, a full-service digital asset trading and technology firm, announced the close of its $102m financing round, including equity support from existing shareholders and HV Capital as well as debt from funds and accounts managed by BlackRock. Since its launch in 2020, Flowdesk has emerged… Read More

March 4, 2025 @ 10:45 am By Omar Faridi  |  

As sustainable finance and financial inclusion continue to gain traction on a global scale, technology-powered solutions leveraging blockchain and Web3 are playing a key role in addressing traditional financial challenges. As part of this movement, Swiss blockchain company Fedrok AG, says it has been actively… Read More

March 4, 2025 @ 8:11 am By Omar Faridi  |  

Visa (NYSE: V) announced that Tap to Phone has experienced “a 200% increase over the past year, supporting millions of sellers of all sizes.” In the highest Tap to Phone countries – the U.S., UK, and Brazil – adoption rates have surged, “showing a combined… Read More

March 4, 2025 @ 8:01 am By Omar Faridi  |  

eToro, the trading and investing platform, announced that it is adding five new crypto-assets to its platform. eToro revealed that the new crypto-assets are: LayerZero (ZRO): a cross-chain messaging protocol enabling seamless blockchain interoperability. ZKsync (ZK): a Layer-2 scaling solution that boosts Ethereum’s speed and… Read More