July 24, 2022 @ 2:52 pm By JD Alois  |  

Blockchain.com is joining a handful of other crypto firms that have cut jobs while slowing its expansion. As has been widely reported, Blockchain.com will let go approximately 150 employees or about 25% of its staff while shuttering an office in Argentina and slowing growth of… Read More

July 22, 2022 @ 9:48 am By JD Alois  |  

In recent days, the Securities and Exchange Commission (SEC) filed an enforcement action alleging insider trading involving a former Coinbase (NASDAQ:COIN) manager and two other partners. Simultaneously, criminal charges were filed by the US Department of Justice. Buried within the SEC complaint was the statement… Read More

July 22, 2022 @ 8:53 am By JD Alois  |  

Fintech super app Curve has selected Eyal Galina as Chief Product Officer in push to boost its product offerings. Galina will report directly to Curve CEO Shachar Bialick. He will be responsible for Curve’s product roadmap and strategy helping to chart its goal of becoming… Read More

July 21, 2022 @ 8:32 pm By JD Alois  |  

As was reported earlier today, the Securities and Exchange Commission (SEC) has filed charges in regards to a former Coinbase manager and allegations of insider trading that involved two other perpetrators. The SEC noted that criminal charges have been simultaneously filed in the Southern District… Read More

July 21, 2022 @ 7:26 pm By JD Alois  |  

While Fintech investment may be slowing in other markets, the United Kingdom appears to be bucking the trend. In a “Summer Investment Report,” Innovate Finance puts a pen to the numbers and they are encouraging. The organization states that during the first 6 months of… Read More

July 21, 2022 @ 3:10 pm By JD Alois  |  

Neon, a Brazilian Fintech and digital bank, says it has raised $80 million for its first Credit Rights Investment Fund (FIDC). The credit card investment fund is focused on credit cards. Jamil Marques, CFO of Neon, said this 2nd fundraising by Neon endorses the strength… Read More

July 21, 2022 @ 2:53 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed insider trading charges against a former Coinbase (NASDAQ:COIN) manager Ishan Wahi along with his brother Nikhil Wahi, and his friend, Sameer Ramani. In a parallel action, the U.S. Attorney’s Office for the Southern District of New York… Read More

July 21, 2022 @ 11:43 am By JD Alois  |  

Anchorage Digital will be providing custody services for iHeartMedia and their new NFTs called the “Non-Fun Squad.” Anchorage is the first and only federally chartered digital asset bank providing services to other banks and large corporations. iHeartMedia is the media operator that includes radio stations… Read More

July 21, 2022 @ 11:19 am By JD Alois  |  

The Autorité des Marchés Financiers (AMF) and the Autorité de Régulation Professionnelle de la Publicité (ARPP) will partner on promotions and communications in the financial sector especially in light of the changing environment for offerings. The agreement notes specifically the need to partner on “the… Read More

July 21, 2022 @ 10:42 am By JD Alois  |  

Starling Bank, a leading UK digital bank, has reported its first full year profit as overall metrics improve. Anne Boden, founder and Chief Executive of Starling Bank, commented on the results: “With our first full year of profitability, we’ve placed ourselves firmly in a category… Read More

July 21, 2022 @ 8:51 am By JD Alois  |  

Marqeta (NASDAQ: MQ)has been selected as the payment processor for Opal Plus, the new transit program for Transport for NSW (TfNSW). The New South Wales (NSW) transit program is being offered in partnership with Mastercard Prepaid Managed Services (MPMS). The NSW government is introducing Opal Plus,… Read More

July 20, 2022 @ 11:00 pm By JD Alois  |  

CoinDCX, one of the largest crypto exchanges in India with over 13 million users, has hired former Amazon Pay executive Gaurav Arora as Senior Vice President, CoinDCX Pro. The company states that Arora will lead it to the next phase of growth bringing innovation to… Read More

July 20, 2022 @ 9:34 pm By JD Alois  |  

Last week in Brussels, the EU – U.S. Joint Financial Regulatory Forum took place where policy makers tackled various aspects of global financial services. EU participants included representatives of the European Commission, the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA), the… Read More

July 20, 2022 @ 9:08 pm By JD Alois  |  

British Virgin Islands-based Seven Seas has announced the forthcoming launch of its non-custodial DeFi investment strategies According to a release, the Seven Seas team combines smart contract developers, data scientists, and experts from traditional finance (TradFi), and decentralized finance (DeFi), to actively manage investment portfolios… Read More

July 20, 2022 @ 4:22 pm By JD Alois  |  

Today, the Financial Services and Markets Bill was introduced to Parliament in the UK. The legislation will replace “hundreds of pieces of EU retained law” as the UK moves beyond the oversight in Brussels. The aim of the bill is to establish a “coherent, agile… Read More

July 20, 2022 @ 12:22 pm By JD Alois  |  

Bitcoin is in rally mode after several weeks of gloom. At the moment, Bitcoin is trading above $24,000 – the first time since the 2nd week of June. The rise in valuation is being joined by other cryptocurrencies as well as traditional securities. Marcus Sotiriou,… Read More

July 20, 2022 @ 12:11 pm By JD Alois  |  

The INX Digital Company (NEO: INXD) will enable an online funding round for Trucpal, a blockchain-based SaaS platform serving the Chinese freight market. The digital security offering will commence next week with the token, then trading on the INX marketplace, a regulated alternative trading system… Read More

July 20, 2022 @ 10:50 am By JD Alois  |  

Blockdaemon has acquired Sepior, according to a company statement. Blockdaemon is a blockchain enabler providing the infrastructure for firms to leverage the technology. Sepior is a data and digital asset security company that provides institutional-grade cryptographic key management and protection. Blockdaemon did not disclose the… Read More

July 20, 2022 @ 9:41 am By JD Alois  |  

Wise, a global transfers, payments and stealth bank, has reported its Q1 2022 performance. According to the company, it facilitated over £24 billion in transactions during the quarter increasing 49% versus Q1 year prior. In comparison to Q4 2021, Wise delivered a 14% increase (£21.4… Read More

July 20, 2022 @ 9:04 am By JD Alois  |  

Today, the UK government has announced that the Recovery Loan Scheme (RLS), launched in April 2021 to help businesses counter the COVID crippled economy, will be extended for a further two years. Originally set to end last December, during the Autumn Budget the government extended… Read More