General News

September 23, 2022 @ 10:59 am By Omar Faridi  |  

Onfido, the global digital identity verification and authentication provider, unveiled Motion, a next generation biometric liveness solution “to enhance its Real Identity Platform, launched in May.” Motion aims to “deliver seamless, secure, and inclusive customer verification and is iBeta Level 2 certified.” With a simple… Read More

September 23, 2022 @ 9:34 am By JD Alois  |  

DealMaker, a crowdfunding company based in Canada but providing services across the US, has been named the 3rd fastest growing company in Canada – reporting a huge 500% rate of growth. While based in Toronto, DealMaker reports 124 employees with a presence in both the… Read More

September 22, 2022 @ 4:38 pm By JD Alois  |  

Several House Republicans have sent a letter to SEC Chairman Gary Gensler challenging his authority to demand climate disclosure reports from firms as well as other proposed rules, including ESG ambitions and areas like SPACs. Republican members of the House, including the top Republican on… Read More

September 22, 2022 @ 4:04 pm By JD Alois  |  

The UK government has introduced new legislation that is described as a move to counter those who abuse the UK’s open economy via money laundering or simply hiding ill-gotten gains. The Economic Crime and Corporate Transparency Bill is currently in Parliament, where it is scheduled… Read More

September 22, 2022 @ 10:58 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed a civil injunctive action against James Arthur McDonald, Jr. The SEC noted that McDonald was previously a guest commentator for CNBC – the leading financial news network. The charges were filed against McDonald and his SEC-registered investment… Read More

September 22, 2022 @ 10:32 am By Omar Faridi  |  

Goldman Sachs (NYSE:GS) recently announced it is expanding Transaction Banking (TxB) to the European Union. Originally launched in the US in 2020 and expanded to the UK in 2021, this growth will deepen Goldman Sachs’ relationships “with existing clients who have banking needs in the… Read More

September 21, 2022 @ 2:59 pm By JD Alois  |  

The US Federal Reserve increased interest rates by 75 basis points, as expected. The Federal Open Market Committee (FOMC) raised the target range for the federal funds rate to 3 to 3-1/4% and expects ongoing increases in the rate. The Fed said that it will… Read More

September 21, 2022 @ 2:21 pm By Omar Faridi  |  

Nasdaq Inc is reportedly placing a major bet on the crypto market, with the introduction of a digital assets unit that’s aimed at attracting institutional investors. The new division, called Nasdaq Digital Assets, will aim to provide custody services for crypto-assets, such as Bitcoin (BTC)… Read More

September 21, 2022 @ 8:30 am By Omar Faridi  |  

Revolut has experienced a major data breach that has reportedly exposed the sensitive personal details of around 50,000 clients globally. Revolut‘s management has now informed Lithuania’s State Data Protection Inspectorate about the security breach, noting that access to its database had been obtained via advanced… Read More

September 20, 2022 @ 10:07 pm By JD Alois  |  

The Crypto Council for Innovation has recognized a large group of Senators and Members of the House of Representatives with its Digital Future Award, according to an email from the Council. The elected leaders are being acknowledged for their “initiative, engagement, and commitment to US… Read More

September 20, 2022 @ 6:12 pm By Omar Faridi  |  

Republic Capital Group recently announced its partnership with the University of Texas by committing to financial support “for multiple years as part of joining its Wealth Management Network.” The Network supports its Wealth Management Center that “focuses on changing the way investment is being made… Read More

September 20, 2022 @ 1:47 pm By Omar Faridi  |  

The “first” in-game NFTs have been minted on Efinity with the launch of the MetaHome NFT collection, immediately usable in MyMetaverse’s full suite of games. MyMetaverse, a game development company specializing in creator-led metaverses with play-and-earn economies, “ensured that on launch, the NFTs perform different… Read More

September 20, 2022 @ 7:51 am By Omar Faridi  |  

OneSpan (NASDAQ: OSPN), the digital agreements security company, announced the general availability of its secure Virtual Room cloud service which “enables organizations to deliver live, high-touch assistance to their customers in a high-assurance virtual environment.” This next-generation customer engagement solution “gives organizations the ability to balance… Read More

September 19, 2022 @ 10:21 pm By JD Alois  |  

Machine learning (ML) startup TrueFoundry has raised USD$ 2.3 million in Seed funding led by Sequoia India, and SE Asia’s Surge with the participation of AngelList co-founder Naval Ravikant and Eniac Ventures. Other angel investors include Deutsche Bank Global CIO Dilip Khandelwal, Head of GitHub… Read More

September 19, 2022 @ 8:32 pm By Omar Faridi  |  

Chainalysis has shared their 2022 Global Crypto Adoption Index Report. For the third consecutive year, Chainalysis ranked all countries “by grassroots cryptocurrency adoption. While commenting on what is grassroots adoption of cryptocurrency, Chainalysis explained that they could easily rank countries by “raw” cryptocurrency transaction volume,… Read More

September 19, 2022 @ 1:30 am By Omar Faridi  |  

The Lago DAO recently voted to pass its first proposal, “putting in motion a series of events resulting in the birth of a new decentralized digital currency: USD2.” USD2 is implemented on the Kadena blockchain via smart contracts, which are “controlled by the Lago DAO.”… Read More

September 18, 2022 @ 6:37 pm By Omar Faridi  |  

IDnow, a European identity proofing platform provider, is pleased to announce its participation in the International Air Transport Association’s (IATA) Accelerate@IATA 2022 accelerator program. IDnow is working with IATA and its members, “providing expertise and regulatory know-how in the field of identity proofing and digital… Read More

September 18, 2022 @ 5:35 pm By Omar Faridi  |  

NCR Corporation (NYSE: NCR), an enterprise technology provider to banks, retailers and restaurants, announced its Board of Directors has unanimously “approved a plan to separate NCR into two independent, publicly traded companies – one focused on digital commerce, the other on ATMs.” The separation is… Read More

September 17, 2022 @ 10:41 pm By Omar Faridi  |  

The Bank of Russia and market participants “launched the testing of the digital ruble platform and successfully completed the first digital ruble transfers between individuals.” The creation of a prototype of the digital ruble platform was “finished in December 2021.” Twelve banks announced their readiness… Read More

September 17, 2022 @ 4:27 pm By Omar Faridi  |  

The UK happens to be the “top” European market and is also one of the key global markets for venture capital (VC) funding, according to an update from GlobalData. However, it has been “experiencing a subdued funding activity in the recent months with monthly VC… Read More