General News

November 22, 2021 @ 9:22 am By JD Alois  |  

Jerome Powell has been renominated by President Joe Biden to continue on as the Chairman of the Federal Reserve. Dr. Lael Brainard was selected to serve as Vice-Chair of the Board of Governors of the Federal Reserve System. In recent days there has been much… Read More

November 22, 2021 @ 8:06 am By Omar Faridi  |  

The Nationwide House Price Index for the UK reveals that the price of a typical home has exceeded £250,000 “for the first time.” As noted in a blog post by Blend Network, the annual house price growth “remained close to double digits for the sixth… Read More

November 21, 2021 @ 4:24 pm By Omar Faridi  |  

The team at Blockstream notes in a report that Bitcoin is on track for its worst weekly drop in over 6 months. Blocktream writes in a blog post that declines this past week looked to be driven by “continued deleveraging and perhaps also exacerbated by… Read More

November 20, 2021 @ 2:33 pm By Omar Faridi  |  

GB Group plc (AIM:GBG), which claims to be an expert in digital location, identity and identity fraud software, has announced that it reached an agreement to acquire Acuant, an identity verification and KYC/AML compliance provider, for a cash-free, “debt-free” enterprise value of $736 million. The… Read More

November 20, 2021 @ 9:32 am By Omar Faridi  |  

Digital assets firm Kraken notes that in the fast-paced world of virtual currencies, every second counts when you’re moving funds around. Kraken writes in a blog post that establishing the bridges that enable seamless transactions from legacy banking platforms to the “ever-growing” number of blockchain… Read More

November 20, 2021 @ 9:28 am By Omar Faridi  |  

The Metis team has launched the platform’s Mainnet Andromeda, a move that confirms a commitment to greater decentralization of Internet-based services. $METIS will launch its inaugural Layer 2 mainnet, Andromeda, Friday Nov 19, 3 pm UTC. Join our launch livestream w/ partners @AssxToken @Metacraftpro @standarddefi… Read More

November 19, 2021 @ 6:38 pm By Tony Zerucha  |  

Snoop Dogg, deadmau5 and Polygon Network founder Sandeep Nailwal are among the new members to join VC Outlier Ventures’ Outlier Ventures Partnership. They will invest in and advise startups going through Outlier Ventures’ Base Camp accelerator, dubbed the Y-Combinator of the Metaverse. Established in 2014,… Read More

November 19, 2021 @ 6:15 pm By Omar Faridi  |  

FIA (Futures Industry Association) announced on November 2, 2021 that it has released a report calling on participants in the futures and options sector to work cooperatively on an initiative to enhance the overall efficiency of the trading and clearing process for exchange-traded derivatives. The… Read More

November 19, 2021 @ 11:00 am By Omar Faridi  |  

ACA Group and Foreside Financial Group, LLC, which are both providers of governance, risk, and compliance (GRC) solutions to customers in the financial services sector, have announced that they have entered an agreement to “combine their two companies.” Genstar Capital, a private equity firm, invested… Read More

November 18, 2021 @ 9:01 pm By Omar Faridi  |  

VAST Data, the storage software firm focused on breaking “decades-old” tradeoffs, has announced that the Jump Trading Group chose VAST’s performant, low-latency Universal Storage as the foundation to its high-performance computing (HPC) Cloud infrastructure. As an international research-based trading company, the team at Jump includes… Read More

November 18, 2021 @ 11:39 am By Omar Faridi  |  

OSTTRA’s TriOptima, an infrastructure service that aims to reduce costs and mitigates risk in OTC derivatives markets, has announced a triBalance credit optimization rebalancing initiative that “reduces risk in multiple central counterparties (CCPs), including LCH CDSClear and ICE Clear concurrently.” As mentioned in the announcement,… Read More

November 18, 2021 @ 10:46 am By Omar Faridi  |  

Envestnet, Inc. (NYSE: ENV) announces that it is teaming up with SIMON Markets LLC in order to provide  access to, and the management of structured investments that can offer income and protection strategies for customer portfolios. As mentioned in the announcement, Envestnet’s integration plan should… Read More

November 18, 2021 @ 3:00 am By Tony Zerucha  |  

Over the past two years, a solid e-commerce strategy has proven to be a must for every business, but such a strategy has to be carefully implemented in order to maximize revenue while also minimizing fraud, Forter’s general manager for EMEA Aaron Begner said. Founded… Read More

November 17, 2021 @ 10:55 am By JD Alois  |  

Balderton Capital, a venture capital firm that has backed numerous Fintechs, says it has raised $600 million in a new fund focused on early-stage European firms. This is its second fund for 2021. In the past two decades, Balderton has raised around $4.5 billion across… Read More

November 17, 2021 @ 7:43 am By Omar Faridi  |  

Deloitte has entered an alliance with tech firm Ava Labs in order to support a new disaster recovery platform that leverages the Avalanche blockchain to “help state and local governments easily demonstrate their eligibility for federal emergency funding.” As mentioned in the announcement: “Developed with… Read More

November 16, 2021 @ 4:00 pm By Omar Faridi  |  

Synonym Software Ltd, a firm founded with the goal of bringing self-ownership and control to the crypto-asset ecosystem by “creating an open and free web of trust” has officially launched today (on November 16, 2021). As mentioned in an update shared with CI, the preface… Read More

November 16, 2021 @ 7:24 am By Omar Faridi  |  

On November 14th, 2021, block height 709,632, Bitcoin’s (BTC) Taproot upgrade was activated. This critical update brings with it several important enhancements to the overall flexibility, security, and efficiency of BTC transfers. And as Bitcoin’s first protocol upgrade in more than 4 years, it’s a… Read More

November 16, 2021 @ 6:58 am By Omar Faridi  |  

TP ICAP Group, a provider of market infrastructure, reveals that it has appointed Sebastien Rozes to serve as Regional CEO for the EMEA region, currently subject to approval from the UK Financial Conduct Authority (FCA). Sebastien, based out of London offices, is an experienced financial… Read More

November 14, 2021 @ 8:06 pm By Omar Faridi  |  

Switzerland’s digital challenger bank YAPEAL reveals that the Swiss Financial Market Supervisory Authority (FINMA) has granted it a license extension in order to provide cross-border services to international clients. As mentioned in the announcement, the services include national payments, cross-border  transfers, a Visa debit card… Read More

November 14, 2021 @ 7:48 pm By Omar Faridi  |  

ShapeShift DAO, a decentralized, non-custodial crypto platform and community, reveals that it has formed a partnership with ICHI in order to launch a new stable token. As mentioned in an update shared with CI: “Through the provision of a Decentralized Monetary Authority (DMA), ICHI empowers… Read More