July 27, 2021 @ 11:19 pm By Tony Zerucha  |  

Consumers are warming to the concept of Central Bank Digital Currencies (CBDC), research from European deep tech company Guardtime shows. Guardtime surveyed people in 10 countries and found 64 per cent of people would likely use a CBDC launched in their country, with 33 per… Read More

July 27, 2021 @ 10:25 pm By Tony Zerucha  |  

Asian virtual event management company EventX has closed a US$10 million Series B funding co-led by HTC, a virtual reality (VR) company, and Gaocheng Capital, a Chinese private equity fund focused on enterprise software and technology-enabled services sectors. EventX supports in-country and cross-border events with… Read More

July 27, 2021 @ 10:13 pm By Tony Zerucha  |  

Hong Kong’s wealth market is poised for a rebound after a pandemic-affected 2020, new research from GlobalData suggests. The number of affluent, mass affluent and high net-worth investors is expected to grow 7.8 per cent to reach 3.9 million this year. Sixty per cent (60.6)… Read More

July 27, 2021 @ 10:11 pm By Tony Zerucha  |  

Bitcoin’s recent movement around the $29,000 border could influence the cryptocurrency market through the end of the year EXANTE senior analyst Victor Argonov said. While the market drawdown has been going on for more than two months, but the June BTC low of $28,800 has… Read More

July 27, 2021 @ 3:50 pm By Tony Zerucha  |  

CoinSwap Space, a decentralized exchange on the Binance Smart Chain, now allows investors to stake their native CSS token and earn rewards in ADA, ETH, and LINK. These coins’ long-term viability should shield them from the heaviest losses, the company believes. Launched on April 30,… Read More

July 27, 2021 @ 3:09 pm By Tony Zerucha  |  

Bitcoin’s recent travails are a reminder to retail investors to watch the whales, GlobalBlock sales trader Alexandra Clark said in a recent research note. After dipping to $29,393, signs show Bitcoin is on the upswing, Clark said. A group of Bitcoin whales purchased a total… Read More

July 27, 2021 @ 11:53 am By Tony Zerucha  |  

The Securities and Exchange Commission (SEC) has settled charges with 21 investment advisers and 6 broker-dealers related to their failure to timely file and deliver their client or customer relationship summaries (Form CRS) to their retail investors. On June 5, 2019, the SEC adopted Form… Read More

July 23, 2021 @ 11:03 am By Tony Zerucha  |  

PKT Pal this week launched a plug-and-play device that is said to monetize internet bandwidth. The PKT Cube gets inserted into a home internet connection and pays participants every minute in their cryptocurrency PKT to maintain connectivity to a fully decentralized, open-source network. PKT Cash… Read More

July 22, 2021 @ 7:26 pm By Tony Zerucha  |  

QR codes are helping Singapore continue on its road to a cashless society, data and analytics company GlobalData believes. Blessed with a strong payments infrastructure system, Singapore has both POS and QR code payment capability, and the latter is becoming a more trusted and preferred… Read More

July 22, 2021 @ 7:09 pm By Tony Zerucha  |  

dollarVenture studio Thesis has completed a $21 million Series A round. Participants include ParaFi Capital, Nascent, Fenbushi Capital, Polychain Capital, and Draper Associates along with Kain Warwick, James Prestwich, Viktor and Lisa Bunin, and Josh Cincinnati. Founded in 2014, Thesis’ portfolio includes Fold, Keep, Saddle… Read More

July 22, 2021 @ 6:07 pm By Tony Zerucha  |  

American social media ad spends will top $50 billion for the first time this year, according to TradingPlatforms.com. They lead what has been a worldwide rise. The assessment’s parameters include all ad revenue generated by social networks such as Facebook, Instagram, or LinkedIn but doesn’t… Read More

July 22, 2021 @ 6:05 pm By Tony Zerucha  |  

Mobile payment use has surged during the COVID-19 pandemic, research from eMarketer finds. Total mobile payment use hit one trillion in 2020, with YoY growth of 22.2 percent. Smartphone user penetration hit 44.6 percent, up from 38.3 percent in 2019. Growth in mobile payment users… Read More

July 22, 2021 @ 4:29 pm By Tony Zerucha  |  

Financial product and pricing platform Zafin is partnering with data tech firm Codat to help give banks and credit unions data access to help them provide personalized products and pricing to SMBs. Codat’s API connects several popular accounting packages, point of sale solutions and payroll platforms used… Read More

July 22, 2021 @ 3:25 pm By Tony Zerucha  |  

The Securities and Exchange Commission (SEC) has charged California resident Charlie Abujudeh with running microcap fraud schemes targeting retail investors. According to today’s complaint filed today in U.S. District Court for the Eastern District of New York, Abujudeh was part of a group who between… Read More

July 22, 2021 @ 3:21 pm By Tony Zerucha  |  

Bitcoin will return to its previous highs before 2022 thanks in part to more muted support from notable advocates like Elon Musk, Jack Dorsey and Cathie Wood, deVere Group CEO Nigel Green believes. At the July 20 B Word Conference, Musk, Dorsey, and Wood reportedly… Read More

July 22, 2021 @ 2:53 pm By Tony Zerucha  |  

UK-based post-graduate education lender Prodigy Finance has issued a $288 million student loan asset-backed securitization backed by $304 million of loans from its own portfolio. The issuance was rated Aa3 by Moody’s and A+ by Kroll for its $227 million of senior tranche notes Using… Read More

July 22, 2021 @ 12:42 pm By Tony Zerucha  |  

More than half of crypto investors expect the cryptocurrency trading boom still has legs, research from blockchain-based derivatives trading platform CloseCross shows. The company surveyed global investors responsible for approximately $380 billion of assets under management. Of the 57 per cent who believe the level… Read More

July 21, 2021 @ 9:08 pm By Tony Zerucha  |  

More than half (54 percent) of panelists in Finder’s latest Bitcoin Price Predictions Report believe Bitcoin will overtake fiat as the dominant form of global finance by 2050, with 29 percent believing it will happen by 2035. While Bitcoin’s value is predicted to drop to… Read More

July 21, 2021 @ 7:16 pm By Tony Zerucha  |  

New data released this week by Kaspersky shows even Africa is not immune from cyber attacks. While not considered a hotbed of financial opportunity, many African countries are seeing attacks at rates similar to the global average of one out of every 10 computers in… Read More

July 21, 2021 @ 5:19 pm By Tony Zerucha  |  

Credit card use may be falling out of favor with American consumers, results of a new survey by global payments Fintech GoCardless suggest.  Three out of four respondents (76 percent) would like to decrease their credit card use while 77 percent prefer debit cards to… Read More