General News

July 26, 2020 @ 9:34 pm By Samantha Hurst  |  

VirgoX, a stablecoin-focused digital asset exchange, recently announced it has joined forces with  Global Digital Assets (GDA Capital), a blockchain capital markets firm, to launch World Stablecoin Association (WSA), an independent, not-for-profit organization that is structured and headquartered in Geneva, Switzerland.  According to the duo, WSA’s mission… Read More

July 26, 2020 @ 9:24 pm By Samantha Hurst  |  

  Celsius Network, a cryptocurrency lending and borrowing platform, has closed its latest investment round with $18.8 million raised. The company previously announced it secured $10 million from www.Tether.to at a $120 million pre-money valuation. Founded in 2017, Celsius addresses the financial needs of today’s consumers worldwide through a… Read More

July 26, 2020 @ 9:28 am By Omar Faridi  |  

  Financial pressure or stress has become a part of the daily lives of many consumers, and now the COVID-19 outbreak has introduced even more financial pressure points or exacerbated pre-existing ones for individuals and families across the globe. John Smallwood, president at Smallwood Wealth… Read More

July 25, 2020 @ 2:04 pm By Omar Faridi  |  

New York-based Signature Bank (Nasdaq: SBNY), a cryptocurrency-friendly commercial bank with around $50 billion in total assets, has reported consistent and steady growth this quarter. According to the bank’s recent earnings call, it has achieved around $8 billion in deposit growth. Approximately 2.5% of these… Read More

July 24, 2020 @ 3:11 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged Trustify Inc., along with founder and CEO Daniel Boice, with fraudulently offering and selling over $18.5 million of securities to more than 90 corporate and individual investors. The allegations were made in relation to an offering and… Read More

July 24, 2020 @ 2:35 pm By Samantha Hurst  |  

Just one day after announcing it was expanding its white-label cryptocurrency solution to local enterprises and entrepreneurs in India, U.S.-based cryptocurrency exchange PayBito announced it is now offering its white label payment processor to enterprises worldwide.  According to PayBito, the white label solution allows enterprises… Read More

July 24, 2020 @ 2:06 pm By Samantha Hurst  |  

India banking group Yes Bank announced on Friday the launch of WhatsApp banking services to empower customers and enable them to bank securely from the safety of their homes. Yes Bank revealed that customers may now check their savings account balance, view recent transactions &… Read More

July 23, 2020 @ 4:02 pm By Samantha Hurst  |  

  Samsung Electronics America, Inc., announced on Thursday that consumers in the U.S. may now sign-up for and access Samsung Money by SoFi, which is described as a mobile-first money management experience. Samsung partnered with SoFi and Mastercard for the platform. According to Samsung,  Samsung… Read More

July 23, 2020 @ 1:27 pm By Samantha Hurst  |  

Celsius Network, a cryptocurrency lending and borrowing platform, announced on Thursday in-app cryptocurrency purchases using ACH and SEPA. The purchases are through Celsius Network’s partnership with payment solutions provider Gem. Celsius Network reported that its customers may now be able to purchase cryptocurrencies through the… Read More

July 23, 2020 @ 1:15 pm By Samantha Hurst  |  

  Singapore-based blockchain developer Pundi X announced on Thursday its support for Wanchain’s cross-chain assets into all XPOS devices. According to Pundi X, coins such as WAN, the Wanchain native coin, WBTC, WEOS, and WETH will be added as cryptocurrencies to the XPOS point-of-sale systems… Read More

July 23, 2020 @ 10:03 am By Samantha Hurst  |  

Online notary platform Notarize announced on Thursday it has formed a new partnership with payments platform Stripe to keep notaries working, remotely and safely, from home during the COVID-19 pandemic.  Notarize reported that by integrating with Stripe Connect, Notarize can pay notaries on the same… Read More

July 23, 2020 @ 9:00 am By Samantha Hurst  |  

  Allfunds, Spain-based independent wealthtech and fund distribution platform, announced on Thursday it is strengthening its commitment to Corporate Social Responsibility and has joined corporate sustainability initiative, the United Nations Global Compact Allfunds reported that it has been producing a CSR report in accordance with the Global Reporting… Read More

July 22, 2020 @ 3:19 pm By JD Alois  |  

FintechAccel | CU is accepting applications for its second cohort of Fintech startups. FintechAccel | CU is US credit union industry’s innovation platform. Launched last year, FintechAccel | CU is said to have experienced “outstanding success” in its inaugural year. FintechAccel | CU’s innovation platform… Read More

July 22, 2020 @ 1:42 pm By Samantha Hurst  |  

Following the launch of its trading operations in India, U.S.-based cryptocurrency exchange PayBito is now offering white-label cryptocurrency solution to local enterprises and entrepreneurs in India. The platform claims that the white label cryptocurrency exchange software is one of its most sought after solutions. According… Read More

July 22, 2020 @ 1:32 pm By Samantha Hurst  |  

Trulioo, an on-demand global identity verification company, announced on Tuesday it has expanded its identity verification capabilities to Vietnam through GlobalGateway, an identity verification marketplace. According to Trulioo, the extended GlobalGateway coverage will help organizations accurately and efficiently verify consumers and business entities throughout Vietnam…. Read More

July 22, 2020 @ 9:17 am By JD Alois  |  

Similar to just about every other annual event, InvestHK transitioned to a virtual event for this year’s StartmeupHK Festival. According to a release by the organizers, the event went quite well as it apparently attracted over 181,000 attendees in the midst of the COVID-19 health… Read More

July 21, 2020 @ 9:00 pm By Omar Faridi  |  

Shaw & Co, a corporate finance advisory company, will be providing a free of cost online credit suitability check software program for businesses, so that they can determine whether they need and qualify for working capital funding during the COVID-19 crisis. Shaw & Co’s cashflow… Read More

July 21, 2020 @ 3:01 pm By Samantha Hurst  |  

LiquidityBook, a U.S.-based Software-as-a-Service (SaaS)-based provider of buy and sell-side trading solutions, announced on Tuesday the appointment of Cash Lafferty as Head of Business Development – West Coast. According to LiquidityBook, Lafferty has 20 years of experience across a variety of sales, trading, technology roles…. Read More

July 21, 2020 @ 2:39 pm By Samantha Hurst  |  

Funding Societies, one of the largest peer-to-peer (P2P) lending platforms in Southeast Asia, announced on Tuesday it was named the winner of a Silver Stevie Award last week in the Innovation in Technology category in the seventh annual Asia-Pacific Stevie Awards. The online lender claims… Read More

July 21, 2020 @ 2:13 pm By Samantha Hurst  |  

Nexsys Technologies, a U.S.-based fintech company that provides a suite of essential tech solutions for mortgage origination and closing, announced on Tuesday it has formed a partnership with insurtech Lemonade to simplify the homeowners’ insurance verification process by using Nexsys’ Clear HOI. Nexsys reported that… Read More