July 14, 2021 @ 8:49 pm By Tony Zerucha  |  

Multi-chain DeFi products ecosystem Persistence today launched the mainnet for pSTAKE, its liquid staking solution. In the first phase Cosmos will be supported with such networks as Solana, Polkadot and Ethereum being added later on. pSTAKE is designed to unlock the liquidity of staked assets…. Read More

July 14, 2021 @ 7:58 pm By Tony Zerucha  |  

Banks still have a long way to go in the quest to automate identity verification, research from biometric authentication services provider iProov shows. Research conducted with 20 or the largest retail US banks revealed overly complicated online onboarding processes which failed to capitalize on opportunities… Read More

July 14, 2021 @ 5:30 pm By Tony Zerucha  |  

BlueHelix Group has released a decentralized trading platform that supports deposits, withdrawals and trading of any asset across blockchains. HDEX went live July 8. HDEX is based on the patented BlueHelix decentralized private key generation technology known as BHEX Chain. It supports arbitrary linkage and… Read More

July 14, 2021 @ 5:23 pm By Tony Zerucha  |  

The use of alternative financing methods has grown during the pandemic and will continue to do so through at least 2023, data from BlockArabia.com suggests. Globally, alternative financing is expected to grow by 20 per cent to hit $8.9 billion in 2023. The bulk of… Read More

July 14, 2021 @ 5:02 pm By Tony Zerucha  |  

Failed payments cost the global economy $118.5 billion in fees, labor, and lost business in 2020, a study from Accuity shows. That breaks down to $41.1 billion in EMEA, $33.7 billion in the Americas and $43.7 billion in Asia-Pacific (APAC). The average bank spent $360,000 on failed payments while the average corporate firm… Read More

July 14, 2021 @ 2:27 pm By Tony Zerucha  |  

Blockchain venture fund and event producer Draper Goren Holm (DGH) has tapped Disney veteran Matthew Boseo as its director of events. He will lead global event production, sponsorship alliance agreements, attendee experience, and the venture fund’s community engagement platform. Produced by Draper Goren Holm, LA… Read More

July 14, 2021 @ 1:54 pm By Tony Zerucha  |  

The Securities and Exchange Commission (SEC) has settled charges against UK company Blotics, the operator of Coinschedule.com, a site that promoted digital securities offerings. Blotics was determined to have violated the anti-touting provisions of the federal securities laws by failing to disclose the compensation it… Read More

July 14, 2021 @ 12:31 am By Tony Zerucha  |  

Following a brief pandemic-induced decline, Israel’s card payment market is set to resume its growth trajectory, a new report from GlobalData finds. Israel’s government actively promotes electronic payments through legislation such as a cap on cash transactions and reduced interchange fees. “Robust e-commerce growth, and… Read More

July 13, 2021 @ 11:22 pm By Tony Zerucha  |  

Strong growth in the global peer-to-peer (P2P) money transfer market is among the findings included in a new report from Research and Markets. The mobile P2P global money transfer market is expected to grow at a CAGR in excess of 18 per cent between now… Read More

July 13, 2021 @ 10:45 pm By Tony Zerucha  |  

The Securities and Exchange Commission (SEC) has fined a subsidiary of Teachers Insurance and Annuity Association of America (TIAA) $97 million for producing inaccurate and misleading statements and a failure to adequately disclose conflicts of interest to thousands of participants in TIAA record-kept employer-sponsored retirement… Read More

July 13, 2021 @ 10:26 pm By Tony Zerucha  |  

The COVID-19 pandemic helped drive further growth in India’s e-commerce sector, new research from GlobalData shows. According to the firm’s E-Commerce Analytics, e-commerce payments in the country grew by 12.2 percent in 2020 and should reach $61.5 billion this year. Between now and 2025 sales… Read More

July 13, 2021 @ 10:21 pm By Tony Zerucha  |  

Brexit has done little to shift UK consumer spending back home, the latest two chapters of emerchantpay’s New World, One Market Report shows. The study, which surveyed more than 2,000 British consumers, analyzes consumer behavior as some societies begin their emergence from the pandemic. When… Read More

July 13, 2021 @ 6:53 pm By Tony Zerucha  |  

The Securities and Exchange Commission (SEC) has charged a group of people and companies for misleading claims about a recent special purpose acquisition corporation (SPAC), assertions which stood to gain one CEO $200 million in shares. Facing charges are SPAC Stable Road Acquisition Company, its… Read More

July 13, 2021 @ 3:49 pm By Tony Zerucha  |  

Today, NFT minting technology provider CXIP announced a $1.7 million seed round with participation from several funds and angel investors including Courtside Ventures, Mechanism Capital, Wave Financial, Arca, GMoney NFT, and Larry Warsh. “Because each marketplace currently mints NFTs differently, with many out of compliance,… Read More

July 13, 2021 @ 3:03 pm By Tony Zerucha  |  

Digital asset marketplace Binance.US is adding mobile phone-based technology to its user verification and onboarding processes. The multi-year agreement is with Prove a company offering technology that proves identity with a phone number. Through its trademarked process Phone-Centric Identity Prove analyzes mobile, telecom, and other… Read More

July 11, 2021 @ 4:39 pm By Tony Zerucha  |  

Several factors will contribute to strong growth in card payments in the Philippines, a new report from GlobalData suggests. Gains of 15.4 percent are expected due to the gradual revival of the economy, easing of lockdown restrictions, and improving consumer spending. Those gains will leave… Read More

July 10, 2021 @ 12:28 pm By Tony Zerucha  |  

Australian blockchain-based voting and engagement platform Horizon State will soon start an equity crowdfunding offering on the Equitise platform. Funds will go to staffing, technology, expansion, and other sectors. Horizon State has developed a digital voting and engagement platform that facilitates secure and remote public… Read More

July 9, 2021 @ 1:41 pm By Tony Zerucha  |  

Two European technology firms are teaming up to help companies understand how much impact individual decisions have on the environment. DirectID assesses credit risk through the application of real-time bank data and can identify issues related to affordability, income, account verification, emerging financial distress and… Read More

July 8, 2021 @ 11:56 pm By Tony Zerucha  |  

The European Union’s proposed Markets in Crypto Assets (MiCA) Regulation will bring new opportunities for crypto-asset service providers (CASP), the CEO of one such company believes. In the European Union, digital assets are currently regulated through a combination of the Fifth Anti-Money Laundering Directive (5AMLD)… Read More

July 8, 2021 @ 10:20 pm By Tony Zerucha  |  

Decision-makers in the United States are warming to cryptocurrency for a variety of reasons, including self-interest, GlobalBlock sales trader Alexandra Clark said recently. Senator Cynthia Lummis has encouraged people to buy and hold bitcoin in their portfolios as the billions of dollars in stimulus cannot… Read More