General News

March 16, 2021 @ 10:01 pm By Omar Faridi  |  

Assetz Capital, a peer-to-peer lender that originates secured loans, recently promoted Andrew Fraser to its UK Director for the North. The new appointment comes as the firm plans to focus on driving more lending to small businesses after exceeding the £1 billion mark in 2020…. Read More

March 16, 2021 @ 12:03 pm By JD Alois  |  

Draper Goren Holm, a venture capital firm in the digital asset/blockchain sector, is once again hosting the Security Token Summit taking place this month (March 25). The Summit is said to be the largest gathering of digital securities experts in existence seeking to educate and… Read More

March 16, 2021 @ 10:59 am By Omar Faridi  |  

Approximately 10% of stimulus checks could go toward Bitcoin (BTC) purchases and stocks, according to Dan Dolev from Mizuho – which recently performed a survey asking respondents what they plan to do when they get their stimulus checks. Dolev, whose comments came during a CNBC… Read More

March 15, 2021 @ 10:09 pm By JD Alois  |  

OurCrowd portfolio company SaNOtize says that a UK clinical trial has delivered solid results as COVID-19 treatment. A self-administered nasal spray is said to reduce the viral load by more than 95% in 24 hours and by 99% in 72 hours. Trial results indicated that… Read More

March 15, 2021 @ 5:46 pm By JD Alois  |  

As previously reported, the House Committee on Financial Services will host part two of the hearing tackling the GameStop/Robinhood/Reddit trading phenomenon tomorrow. “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide, Part II” will be live-streamed on the Committee’s… Read More

March 15, 2021 @ 5:26 pm By Omar Faridi  |  

Cardano (ADA), a major blockchain platform for building decentralized applications or dApps, has introduced an extended UTXO accounting model that’s developed specifically to support multi-assets and smart contracts. Cardano developers recently provided an overview of the Extended UTXO model that’s being employed by Cardano. The… Read More

March 15, 2021 @ 11:20 am By JD Alois  |  

American Airlines Arena, home of the Miami Heat NBA team, may be getting a name change following the expiration of the deal with American Airlines. According to a report, the Arena’s name may be picked up by FTX Trading, a cryptocurrency trading platform. First covered… Read More

March 15, 2021 @ 10:36 am By Samantha Hurst  |  

    MSTS, a global B2B payment company, recently announced it has rebranded to TreviPay. The company reported that the new branding reflects its role as the preferred B2B payment provider for Fortune 500 companies and small- to mid-sized businesses. TreviPay describes itself as a… Read More

March 15, 2021 @ 7:14 am By Samantha Hurst  |  

  PowerPay, a provider of home improvement financing, recently announced it has surpassed $1 billion in loan originations following its launch in December 2019. The company reported that through its network of 7,000 home improvement contractors, it has financed more than 50,000 projects nationwide with an average project… Read More

March 14, 2021 @ 10:13 pm By Omar Faridi  |  

Russian technology firms Yandex, Mail.ru Group, Ozon and Wildberries are reportedly creating their own Fintech platforms so that they can potentially compete with some of the largest banks in the country, according to a report from Forbes Russia. As first reported by the New Economy… Read More

March 14, 2021 @ 2:52 pm By Omar Faridi  |  

Deutsche Börse, the German stock exchange company, has reportedly completed the pilot or testing of various quantum computing algorithms which are used to evaluate or create risk models. The pilots found that quantum tech may bring down the time needed for certain simulations from years… Read More

March 14, 2021 @ 10:49 am By Omar Faridi  |  

Chainlink notes in a blog post that “secure, up-to-date” price data is the “centerpiece” of many financial applications. This data is regularly used to initiate transactions and “derive” various other instruments and products, particularly in decentralized finance (DeFi) protocols, Chainlink explained. The decentralized Oracle network… Read More

March 13, 2021 @ 6:40 pm By Omar Faridi  |  

San Francisco-based Carta, a firm that helps private and public companies, investors, and employees manage equity and ownership, notes that VC investors have underwritten “massive transformations in technology, society and culture.” However, there have been certain changes to the actual investment process, Carta explains. Although… Read More

March 13, 2021 @ 4:46 pm By Omar Faridi  |  

California-based Fintech firm Wealthfront has explained how we can choose between taxable and “tax-advantaged” investment accounts. Wealthfront notes that if you’re ready to begin investing, then you need to figure out what type of account you should be opening and maintaining. You can open up… Read More

March 12, 2021 @ 10:29 pm By Samantha Hurst  |  

  Digital money transfer service MoneyGram (NASDAQ: MGI) recently announced a five-year extension to its partnership with Ooredoo Qatar, a telecommunications operator based in Qatar. MoneyGram reported that the renewal enables its customers to continue to send money in near real-time to family and friends… Read More

March 12, 2021 @ 10:57 am By JD Alois  |  

While there is a good amount of discourse regarding the risk of digital assets and the ability for bad actors to use crypto to launder money or perhaps finance illicit activities FinCEN recently indicated their attention in a more tactile direction. Earlier this week, FinCEN… Read More

March 12, 2021 @ 7:39 am By Omar Faridi  |  

Assetz Capital, a peer-to-peer lender that originates secured loans, asks why there are only 20% of women investing via online platforms. As mentioned in a blog post by Assetz Capital, there’s a “misconception” that investing is suitable or appropriate for only a “certain type” of… Read More

March 11, 2021 @ 10:22 pm By Omar Faridi  |  

South Africa based Fintech group Adumo has secured R225 million (appr. $14.9 million) in capital from the International Finance Corporation (IFC), which is a member of the World Bank Group. The IFC Financial Institutions Growth Fund also contributed investments in order to expand access to… Read More

March 11, 2021 @ 8:15 pm By Omar Faridi  |  

US-based Fintech company Taulia, a tech partner of supply chain finance firm Greensill, revealed on Wednesday (March 10, 2021) that it had acquired over $6 billion in funding from a financing consortium that was led by JPMorgan. The consortium reportedly includes European lenders UniCredit, UBS… Read More

March 11, 2021 @ 1:40 pm By JD Alois  |  

The Securities and Exchange Commission has issued a warning on SPACs and “celebrity involvement.” Emanating from the SEC’s Office of Investor Education and Advocacy (OIEA)  the agency cautions investors not to invest in SPACs based solely on celebrity involvement. To quote the SEC: “Celebrities, from… Read More