General News

February 1, 2022 @ 9:06 am By Omar Faridi  |  

Alan Lane, CEO at Silvergate Capital (NYSE:SI), has noted that the bank holding company aims to introduce a stablecoin by the end of 2022.  The plan has been revealed after the firm’s recent acquisitions of assets and intellectual property (IP) from Meta’s (Facebook) (NASDAQ:FB) crypto project… Read More

February 1, 2022 @ 8:46 am By Omar Faridi  |  

An “unofficial” Minecraft NFT collection is now the most recent initiative that turned out to be a rug pull (but the founders claim otherwise). Recently, the project called “Blockverse”, which offered an on-chain Ethereum NFT that claimed to support a unique P2E on Minecraft “like… Read More

January 30, 2022 @ 1:57 pm By Omar Faridi  |  

The team at Fintech firm Paysend notes that the world of work has changed, and never more so than in the past 2 years. Many businesses are reporting that they are “struggling to cater to changes that come with being Remote.” At Paysend, they made… Read More

January 29, 2022 @ 1:26 pm By Omar Faridi  |  

NRI, a provider of consulting services and system solutions, began offering the service for net-zero financed emissions commitment. As mentioned in the announcement, the service combines solutions that “analyze financed emissions and consulting services that help financial institutions develop and achieve net-zero portfolios.” In order… Read More

January 29, 2022 @ 12:41 pm By Omar Faridi  |  

The sustainable development goal-linked investment app Etcho reports that it has finalized its pre-seed round, by securing £279,000 from angel investors via Crowdcube. Linking to the United Nation’s 17 SDGs, the Fintech app from Etcho enables users to select the goals they are most passionate… Read More

January 29, 2022 @ 12:36 pm By Omar Faridi  |  

More than 1.5 million US banking/payment cards may reportedly be found via the dark web, according to a study carried out by cybersecurity firm NordVPN. The study by NordVPN reveals that a total of 1,561,739 American payment card details had been discovered by researchers. This… Read More

January 28, 2022 @ 6:18 pm By Omar Faridi  |  

CurveGlobal Markets is closing its digital or online platform for the last time on Friday, January 28, 2022 – after more than 5 years of operations. As a reminder to those few position holders – your positions will all be cash-settled post close on Friday… Read More

January 28, 2022 @ 5:58 pm By Omar Faridi  |  

NatWest Group, the banking and financial services organization that serves around 19 million UK clients, has reportedly become the first major banking institution to sign-up and support the Good Business Pays campaign. NatWest Group is one of the largest business and commercial banks in the… Read More

January 27, 2022 @ 4:15 pm By Omar Faridi  |  

On January 25, 2022, the New York State Senate reportedly voted to confirm Adrienne A. Harris as the Superintendent of the New York State Department of Financial Services (DFS). Adrienne A. Harris stated: “I thank Governor Hochul for my nomination. I thank the New York… Read More

January 27, 2022 @ 9:39 am By Omar Faridi  |  

  Citi (NYSE: C) has announced its intent to transform its London head offices, home to its UK and EMEA operations. The refurbishment of the Citi Tower in Canary Wharf will create a new workplace for the future, incorporating the latest tech and the “highest… Read More

January 27, 2022 @ 1:02 am By JD Alois  |  

  Created by IDF cyber-warfare veterans, Scribe Security has closed on a $7 million seed round led by Elron Ventures with the participation of Tal Ventures, YYM Ventures, and more. Based in Israel, Scribe Security is on a mission to provide a SaaS platform for… Read More

January 25, 2022 @ 11:07 pm By Omar Faridi  |  

Elaine Chuah’s conversations with clients are reportedly changing. Increasingly, the first topic is no longer loan products or interest rates – it’s ESG (or environmental, social and governance) issues. “Our clients are initiating conversations on this topic,” says Chuah, a relationship manager with Westpac Institutional… Read More

January 25, 2022 @ 9:22 am By Omar Faridi  |  

The team at digital asset firm Gemini is pleased to welcome Pravjit Tiwana as their new  Chief Technology Officer. Pravjit reportedly joins Gemini from Amazon Web Services (AWS), where he was working as the GM of Edge Services, which includes Amazon CloudFront, AWS Edge Computing,… Read More

January 24, 2022 @ 11:17 am By JD Alois  |  

OTC Markets has published its annual ranking of the top 50 firms traded on its platform. The OTCQX Best 50 ranks the top U.S. and international companies traded on the OTCQX Best Market, based on an equal weighting of one-year total return and average daily… Read More

January 24, 2022 @ 10:16 am By JD Alois  |  

The Financial Technology Association (FTA) has announced that Miranda Margowsky has joined the group as its Vice President of Communications. According to a statement by the FTA, Margowsky is a “senior-level strategist and policy communications expert who brings a winning record of driving impactful, effective,… Read More

January 23, 2022 @ 5:37 pm By Omar Faridi  |  

National governments have reportedly invested more than $25 billion into quantum computing research and more than $1 billion in VC deals have closed in the past year – “more than the past three years combined,” according to an update shared by the World Economic Forum… Read More

January 23, 2022 @ 3:48 pm By Omar Faridi  |  

As cryptocurrency grows in popularity and adoption, ensuring businesses and platforms maintain a robust compliance infrastructure is becoming really important to the nascent industry. With Wyre’s compliance infrastructure, the team is pleased to confirm the addition of three new hires to “continue to boost our… Read More

January 22, 2022 @ 2:01 pm By Omar Faridi  |  

Protocol Labs and Faber are collaborating to help with supporting the development of the next-gen of the Internet. The partnership combines Faber’s experience as early-stage deep tech VC and Protocol Labs’ Web3 expertise to “help entrepreneurs create the building blocks of successful new companies in… Read More

January 21, 2022 @ 12:38 pm By Omar Faridi  |  

Timothy Li, CEO at Alchemy and Lecturer at USC, notes that his firm is pleased and “fortunate” to extend their Fintech capabilities across the globe. https://twitter.com/SuddenlyTime/status/1484376585419427845?s=20 Timothy Li, who’s also a Senior Contributor at Crowdfund Insider, points out that during the past year, Alchemy has doubled… Read More

January 21, 2022 @ 8:42 am By Omar Faridi  |  

Routefusion, which claims to offer the most “comprehensive” Fintech solution for unlocking global expansion, has announced their $10.5 million seed “prime” funding round co-led by Canvas Ventures and Silverton Partners along with contributions from other investors. Other parties in Routefusion’s investment round reportedly include: Haymaker… Read More