August 3, 2021 @ 6:00 pm By Tony Zerucha  |  

New research with 100 leading hedge fund managers reveals widespread enthusiasm for quant strategies, SIGTech COO Andrew Little said. Collectively, the hedge fund managers surveyed manage over $231 billion in AUM across European, Asian and North American markets. Eighty per cent expect institutional investors to… Read More

August 3, 2021 @ 5:55 pm By Tony Zerucha  |  

DEIP, a Web 3.0 protocol for the tokenization of high-value assets, has raised $2 million to drive Web 3.0 adoption with the help of a modular constructor, technology that allows both engineers and business leaders to create applications. The latest round follows one that included… Read More

August 3, 2021 @ 4:05 pm By Tony Zerucha  |  

The Securities and Exchange Commission (SEC) has announced securities fraud charges against recidivist Michael Shustek, the CEO of several Las Vegas REITs, and his wholly-owned investment advisory firm, Vestin Mortgage LLC. The complaint alleges that since at least 2012, Shustek fraudulently enriched himself and The… Read More

August 3, 2021 @ 4:00 pm By Tony Zerucha  |  

Microbusiness owners are hurt by the delay in receiving payments, results of a survey by small business money management solution Wave suggest. The company surveyed more than 1,000 owners of companies with fewer than 10 employees. One in four respondents have waited more than a… Read More

August 3, 2021 @ 12:47 pm By Tony Zerucha  |  

Blockchain and cryptocurrency company DMG Blockchain Solutions has invested $2 million in Bosonic, a provider of critical infrastructure eliminating counterparty credit and settlement risk in digital asset markets. The move is designed to develop DMG’s Blockseer Core+ strategy by providing access to Bosonic’s institutional exchange… Read More

July 29, 2021 @ 11:26 pm By Tony Zerucha  |  

Green Dot Corporation is partnering with Experian to introduce new credit features on its new digital bank GO2bank. They will help customers improve their credit while protecting their identity. “Every American, regardless of credit history or experience, deserves quick and easy access to their credit… Read More

July 29, 2021 @ 10:08 pm By Tony Zerucha  |  

Israeli blockchain firm Kirobo has launched the P2P Swap Button, a decentralized service enabling truly peer-to-peer token swaps without the need for an exchange or custodial OTC party. Users can set their own token prices with the off-exchange platform, allowing them to avoid the slippage… Read More

July 29, 2021 @ 9:40 pm By Tony Zerucha  |  

Recent activity in China is having global effects, the CEO of Sun Global Investments said. Earlier this week global stocks retreated following Chinese equity declines over three consecutive sessions that saw CSI 300 of Shanghai and Shenzhen listed companies close 3.5 per cent lower while… Read More

July 29, 2021 @ 6:15 pm By Tony Zerucha  |  

Bender Labs and Plenty DeFi are rewarding users of the Tezos DeFi ecosystem. Plenty will create a $PLENTY pond where users can stake $PLENTY tokens to earn $WRAP governance tokens as rewards (Bender Labs launched Wrap Protocol). At the same time Wrap Protocol will create… Read More

July 29, 2021 @ 4:21 pm By Tony Zerucha  |  

When improving their digital offerings, banks must be mindful to maintain a human element, the results of a recent global survey of more than 4,700 banking customers by banking software company Temenos suggest. A total of 43 per cent want easier ways of paying bills… Read More

July 29, 2021 @ 2:48 pm By Tony Zerucha  |  

While the Americans and Chinese have more collective wealth, it is the Swiss who are the richest per capita, new numbers from BuyShares.co.uk show. The Swiss have average per capita wealth of $674,000, which is 33 per cent more than the USA or Hong Kong…. Read More

July 28, 2021 @ 11:34 pm By Tony Zerucha  |  

British individuals and businesses have been scammed for £5.7m in losses from just under 15,000 reported cybercrime incidents so far in 2021, research from click fraud prevention firm PPC Shield reveals. Malicious hacking, fraudulent use of social media accounts and email scams are the top methods, accounting for… Read More

July 28, 2021 @ 9:38 pm By Tony Zerucha  |  

Blockchain-based financial services provider Figure officially closed its $200 million Series D, leaving it with a $3.2 billion valuation. New investors including entities and funds associated with affiliates of Apollo Global Management, Blockchain.com, Rockaway Blockchain, HOF Capital, Endeavour Capital, National Bank Holdings, Goldentree Asset Management… Read More

July 28, 2021 @ 6:26 pm By Tony Zerucha  |  

A new peer-to-peer network promises to match up executives so they can get right down to business. The Mercury Company is accepting applications for its vendor-free network that allows executives to connect with each other without having to navigate through salespeople and other distractions at… Read More

July 28, 2021 @ 5:45 pm By Tony Zerucha  |  

The availability of Chainlink Price Feeds on the Avalanche mainnet will improve the quality of DeFi applications developers can create on the popular platform. The feeds bring secure price reference data from several asset classes. Some options now available are price-sensitive derivatives markets, low-cost lending… Read More

July 28, 2021 @ 3:59 pm By Tony Zerucha  |  

Developers can now provide Polygon’s USDC token via the Polygon ecosystem thanks to the use of Wyre’s Checkout API. This integration provides one of the only fiat to USDC on-ramps for customers around the world and in 43 US states, with the conversion process taking less… Read More

July 28, 2021 @ 2:31 pm By Tony Zerucha  |  

Even in the face of some high-profile opposition, cryptocurrency prices continue to rise, GlobalBlock sales trader Alexandra Clark said in her latest research note. While recent commentary from Janet Yellen and Elizabeth Warren was negative, Bitcoin reached a high north of $40,000 July 27. While… Read More

July 28, 2021 @ 1:24 pm By Tony Zerucha  |  

Digital insurance startup Spot has raised $17.5 million in funding, including $15 million in equity and $2.5 million in debt. The round was led by GreatPoint Ventures, with participation from Montage Ventures, Mutual of Omaha, MS&AD, and Silverton Partners. Mike McCormick, principal at GreatPoint Ventures,… Read More

July 28, 2021 @ 1:19 pm By Tony Zerucha  |  

The recent news that Swift is launching Swift Go, a low-value, cross-border payment may not be as monumental as it seems, the founder of global B2B payment provider VertoFX believes. In an announcement yesterday, Swift said the new service would enable financial institutions to offer… Read More

July 28, 2021 @ 8:10 am By Tony Zerucha  |  

While some testing remains on Umbria Network’s cross-chain Narni bridge, the initial results are promising, the company said this week. Narni’s goal is to enable users to move ERC-20 tokens securely from one blockchain network to another cheaply, quickly, and easily. In testing, USDT was… Read More