General News

April 13, 2020 @ 4:24 pm By JD Alois  |  

The US Department of Treasury has issued a statement on the Economic Impact Payments, part of the $2.2 trillion COVID-19 economic support legislation. According to Treasury, over 80 million Americans will see direct deposits whit week. The Treasury and the IRS expect payments via direct… Read More

April 13, 2020 @ 3:54 pm By Samantha Hurst  |  

Dealsquare, securities marketplace for private placements, announced on Monday it has achieved full digitalization of private placement process in Canada by launching its Version 2.0 platform. Founded in 2019, DealSquare describes itself as a centralized digital platform to access capital within the private markets, connecting capital… Read More

April 13, 2020 @ 2:43 pm By Samantha Hurst  |  

Celsius Network, a cryptocurrency lending, and borrowing platform, announced on Monday it has reduced its minimum loan request to $1,000 during the COVID-19 pandemic. Celsius Network reported that it lowered its loan minimum in the wake of the effects that the virus has had on… Read More

April 13, 2020 @ 2:12 pm By Samantha Hurst  |  

Just weeks after Binance listed Tezos (XTZ) on its U.S.-based division Binance.US, the cryptocurrency exchange announced Binance.US will be launching staking rewards for Tezos on Thursday, April 16th.  As previously reported, Binance.US is supporting trading for the XTZ/USD and XTZ/Binance USD (BUSD) trading pairs and… Read More

April 13, 2020 @ 11:36 am By JD Alois  |  

A report today indicates that checks to individuals as part of the Coronavirus relief program will start being deposited in bank accounts later this week. Economic Impact Payments According to Fox Business, a Senior Treasury Official says that between $50 million and $60 million will… Read More

April 13, 2020 @ 10:31 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has published an FAQ in regards to the new Payment Services Act. The Payment Services Act has gone through a consultation process with MAS responding in December 2019. The FAQ is meant to provide guidance on the licensing and… Read More

April 13, 2020 @ 9:22 am By JD Alois  |  

Governments around the world are scrambling to backstop halted economies impacted by the ongoing COVID-19 pandemic. Just weeks ago, the global economy was full speed ahead but today with lockdowns, social distancing and face mask requirements in place, businesses are closed and everyone is suffering…. Read More

April 13, 2020 @ 9:19 am By Samantha Hurst  |  

Cryptocurrency exchange Binance announced on Monday the official launch of the Binance Options trading. According to Binance, the new options trading feature is currently only available on the latest version of the Binance mobile app. Binance stated that Option is a financial instrument that allows… Read More

April 13, 2020 @ 7:46 am By Samantha Hurst  |  

Customers Bank (NYSE:CUBI) announced on Friday it has increased its Paycheck Protection Program commitment to $500 million by using digital banking OakNorth to help support American small and medium-sized businesses during the coronavirus (COVID-19) pandemic.  As previously reported, the Paycheck Protection Program is part of… Read More

April 12, 2020 @ 10:44 pm By Samantha Hurst  |  

The Linux Foundation, a nonprofit organization enabling mass innovation through open collaboration, announced on Friday that Fintech Open Source Foundation (FINOS), a nonprofit whose mission is to accelerate the adoption of open-source software, standards and best practices in financial services, has become an official Linux Foundation organization…. Read More

April 12, 2020 @ 6:49 pm By Omar Faridi  |  

Fintech firms Intuit and PayPal have been approved by the Small Business Administration (SBA) to distribute funds, which are part of the US organization’s emergency lending and relief program. The funds are being given to businesses in order to help them sustain their operations, following… Read More

April 11, 2020 @ 10:55 am By Omar Faridi  |  

The Commonwealth Bank of Australia (CBA), a global bank with businesses across New Zealand, Asia, the UK, and the US, recently noted that there’s been a significant increase in mobile-based digital payments at point-of-sale (PoS) terminals. This, as Australian residents may be trying to avoid… Read More

April 10, 2020 @ 9:02 pm By Samantha Hurst  |  

U.S. insurtech startup Kin Insurance announced earlier this week it has expanded its partnership with property data platform Cape Analytics to improve its online insurance experience with predictive property insights. Through the partnership, Cape Analytics is reportedly providing Kin with the most comprehensive, timely, and… Read More

April 10, 2020 @ 7:01 pm By JD Alois  |  

The British Business Bank has announced new lenders participating in the Coronavirus Business Interruption Loan Scheme (CBILS) including several digital banks. Established in 2014, the British Business Bank is the UK government’s economic development bank. The Bank’s mission is to make finance markets for smaller… Read More

April 10, 2020 @ 4:40 pm By Samantha Hurst  |  

Small business funding platform Biz2Credit announced on Friday its Biz2X platform is now being offered free of charge to banks and credit unions with assets under $10 billion that are offering CARES Act Paycheck Protection Program (PPP) loans. As previously reported, the Biz2X platform enables… Read More

April 10, 2020 @ 12:04 pm By JD Alois  |  

It will take some time to fully understand the economic impact of the COVID-19 pandemic but clearly the economic fallout will be profound. Markets have tanked, default risks are rising and unemployment is moving up rapidly in a historic fashion. Simultaneously governments everywhere are moving… Read More

April 10, 2020 @ 12:03 pm By Samantha Hurst  |  

Lukka, a blockchain software and data services company, announced on Friday it has been selected by RSM, a provider of audit, tax and accounting services focused on the middle market, to provide crypto tax software solutions to the firm’s tax clients. Through the partnership, Lukka… Read More

April 10, 2020 @ 10:29 am By Samantha Hurst  |  

UK-based next-generation banking platform Cashaa has reportedly developed a fiat gateway specifically for BEP2 tokens on Binance Chain. According to Cointelegraph, the new integration allows users to sell and buy tokens directly for fiat currencies. The media outlet reported Cashaa will now support the U.S…. Read More

April 9, 2020 @ 4:45 pm By Samantha Hurst  |  

Digital-only bank platform N26 announced earlier this week its customers may now use their new cards to make payments without waiting for the physical one to arrive in the mail. This news comes just a little over a month after N26 announced its products, N26… Read More

April 9, 2020 @ 4:00 pm By JD Alois  |  

Yesterday (April 8, 2020), the US Department of Homeland Security issued an alert – warning consumers about COVID-19 related scams. The joint statement actually included the Infrastructure Security Agency (CISA) and the United Kingdom’s National Cyber Security Centre (NCSC) due to the depth of the… Read More