Global

September 15, 2020 @ 5:15 pm By JD Alois  |  

Digital asset transfer agent Vertalo is partnering with REI Capital Growth (REICG) a new commercial real estate fund. Vertalo and REICG plan to launch two real estate investment opportunities including, according to the company: An equity business model that allows non-US investors to participate directly… Read More

September 15, 2020 @ 4:51 pm By JD Alois  |  

Varada, an Israel based data virtualization platform, has raised a $12 million Series A round of funding led by MizMaa Ventures with participation by Gefen Capital. The round also included participation from existing investors Lightspeed, StageOne Ventures and F2 Venture Capital who contributed in early… Read More

September 15, 2020 @ 3:59 pm By Samantha Hurst  |  

MoneyLion, a U.S.-based consumer digital finance platform, announced on Tuesday the launch of its new thematic investment solutions. MoneyLion reported that through thematic investing, its members may now invest in portfolios that reflect their personal preferences and interests, which includes clean energy, artificial intelligence, and… Read More

September 15, 2020 @ 3:21 pm By Samantha Hurst  |  

Global cross-border payments company WorldRemit announced on Tuesday it has launched The WorldRemit Transfer Tracker mobile App. According to WorldRemit, the app is for recipients of money transfers, which allows them to track their remittances. WorldRemit reported that the Transfer Tracker App has a “track… Read More

September 15, 2020 @ 10:49 am By JD Alois  |  

Draft regulation crafted by the European Commission that pertains to crypto-assets (digital assets) and blockchain tech in financial services has surfaced on the web. Final legislation has been anticipated at some point this month as European policymakers seek to foster an “innovation-friendly” approach that assures… Read More

September 15, 2020 @ 9:10 am By JD Alois  |  

Cross border payments Fintech dLocal has raised $200 million in a funding round led by General Atlantic. The capital infusion sets a valuation on the company of $1.2 billion thus creating a Latin American Fintech unicorn and Uruguay’s first. dLocal is a cross-border payment processor… Read More

September 15, 2020 @ 8:22 am By Omar Faridi  |  

The Financial Action Task Force (FATF), an intergovernmental organization that develops policies to combat money laundering and terrorism financing, has released an updated report, titled, Virtual Assets Red Flag Indicators of Money Laundering and Terrorist Financing. Published on September 14, 2020, the report notes that… Read More

September 15, 2020 @ 8:06 am By Omar Faridi  |  

The Securities Services division of France’s BNP Paribas, the 8th largest bank in the world in terms of total assets, has teamed up with Digital Asset (the company) to implement distributed ledger technology (DLT)-enabled trade and settlement applications. Through its partnership with Digital Asset (the… Read More

September 14, 2020 @ 11:26 pm By JD Alois  |  

OurCrowd, a leading global investment crowdfunding platform that is based in Israel, is well-positioned to take advantage of the improving relations in the middle east. Last month, Israel and the United Arab Emirates (UAE) announced the normalization of diplomatic relations. The official signing of the… Read More

September 14, 2020 @ 6:40 pm By Omar Faridi  |  

UK-based Minted, a Shariah-compliant platform for trading gold, is planning to launch its services this month. Gold has served as a safe haven asset during times of economic uncertainty, but mostly wealthy people have invested in the precious metal. Minted aims to change this trend… Read More

September 14, 2020 @ 4:33 pm By Omar Faridi  |  

Matic, a platform that aims to facilitate secure, scalable, and instant transactions that are verified by the Ethereum (ETH) blockchain network, has announced new project updates. The Matic developers claim that their project has been making steady progress after it was introduced via Binance Launchpad… Read More

September 14, 2020 @ 2:41 pm By Omar Faridi  |  

The team at Kyber Network (KNC), which allows users to exchange Ethereum (ETH) and other ERC-20 compliant tokens in a decentralized manner, recently announced several updates to their protocol and platform. The Kyber Network team noted in a blog post: “What a crazy few weeks… Read More

September 14, 2020 @ 10:00 am By JD Alois  |  

Insurtech Rnwl Crowdfunding for Growth Capital SyndicateRoom used to be one of the three top securities crowdfunding platforms in the UK. The Fintech has since morphed into an EIS fund that targets promising early-stage firms being backed by “super angels”. Co-founded by Gonçalo de Vasconcelos,… Read More

September 14, 2020 @ 8:57 am By JD Alois  |  

Savings App Chip is says it raised £10.7 million in under 48 hours as part of a Future Fund round hosted on Crowdcube. A total of £2 million was raised in under 10 minutes and £4 million in under an hour. The Future Fund is… Read More

September 14, 2020 @ 8:12 am By Omar Faridi  |  

Germany, France, Italy, Spain, and the Netherlands recently asked the European Commission (EC) to draft strict regulatory policies for stablecoins, which are digital assets that are supposed to be backed or pegged 1-to-1 with major fiat currencies like the US dollar or the British pound… Read More

September 14, 2020 @ 8:06 am By JD Alois  |  

Nesta has launched a £2.8 million Rapid Recovery Challenge to encourage Fintechs, among other entities, to come up with solutions to help workers impacted by COVID-19. Nesta is encouraging Fintechs to participate in the challenge where individual firms may win up to £475,000 plus other… Read More

September 13, 2020 @ 10:49 pm By Omar Faridi  |  

The team at Quantum Resistant Ledger (QRL), a post-Quantum value store and decentralized communication layer, notes that there’s recently been what appears to be “another quantum leap” in the field of quantum computing. The QRL team states: “The team at @ustc potentially achieved ‘quantum supremacy’… Read More

September 13, 2020 @ 9:53 pm By Omar Faridi  |  

Blockstream, a company focused on developing various products to support Bitcoin (BTC) adoption, claims that the flagship cryptocurrency is “under threat” from a body of patents being collected by firms operating inside and outside of the digital asset sector. Blockstream argues that if some of… Read More

September 13, 2020 @ 9:03 pm By Omar Faridi  |  

Myles Stephenson, the CEO at UK-based Fintech firm Modulr, says he’s pleased to announce that the financial service provider has become a principal issuing member of Mastercard. As explained by the company, this means that their products are “further embedded” in key financial infrastructure and… Read More

September 13, 2020 @ 9:00 pm By Omar Faridi  |  

Cryptocurrency spot volumes surged during August 2020, with the top tier exchanges dominating the volatile digital asset markets, according to a report from the Bitcoin Mercantile Exchange (BitMEX). The leading digital currency derivatives trading platform noted that in August 2020, the trading volumes on top-tier… Read More