Global

July 27, 2020 @ 11:51 pm By Omar Faridi  |  

The UK’s Fintech sector is the largest in Europe. It managed to secure $4.9 billion in total investments last year, across 359 different deals. There also appears to be some sort of consistent or coherent Fintech Sector Strategy for Saudi Arabia, and also a strategy… Read More

July 27, 2020 @ 9:18 pm By JD Alois  |  

ReitBZ, a leveraged security token backed by real estate issued by BTG Pactual, has announced the distribution of its first dividend. According to ReitBZ, the digital asset will be the first of its kind to distribute profits to investors. Everything will be handled via blockchain-based… Read More

July 27, 2020 @ 9:00 pm By JD Alois  |  

Bitbond is a Germany-based Fintech that started life as a global online lender serving small business borrowers. Some years ago, Bitbond received a regulatory license by the German financial services regulator, BaFin. Crowdfund Insider reported that it took several years to complete the process but… Read More

July 27, 2020 @ 8:46 pm By Omar Faridi  |  

Crypto-asset exchange OKEx, which offers spot and derivatives trading with digital currencies, recently added three more expiration dates to its options trading. They include options trades that may be settled daily, after every two-day period, and monthly. OKEx had already been offering weekly, bi-weekly, quarterly… Read More

July 27, 2020 @ 2:26 pm By Samantha Hurst  |  

Bitcoin Suisse announced on Friday it secured CHF 45 million through its Series A funding round, which was led by Roger Studer, a Swiss Banker and former Head of Vontobel Investment Bank (SIX:VONN), and the Studer Family Office. As previously reported, Bitcoin Suisse is an early… Read More

July 27, 2020 @ 1:03 pm By Samantha Hurst  |  

battleface, a UK-based insurtech, recently announced the launch of its COVID-19 travel insurance package. battleface reported that the new policy will give travelers the peace of mind they have been looking for to venture out safely, including to countries currently advised against traveling to by… Read More

July 27, 2020 @ 12:53 pm By Samantha Hurst  |  

Global payments provider Paysafe announced on Monday it has acquired Openbucks, a payment gateway that allows online merchants to accept retail gift cards as an alternative form of payment to credit cards.  Founded in 2011, Openbucks notably enables U.S. consumers who do not have access… Read More

July 27, 2020 @ 12:22 pm By JD Alois  |  

Seedrs has long been an innovator in the secondary market for crowdfunded securities. Today, the leading UK based crowdfunding platform is announcing variable pricing for its secondary market. Launched in 2017, Seedrs Secondary Market has continued to iterate and add new features and functionality. Of… Read More

July 27, 2020 @ 12:16 pm By Samantha Hurst  |  

  U.S.-based cryptocurrency exchange PayBito announced on Monday it has officially expanded its cryptocurrency listing. The platform reported that after adding several prominent digital assets, including utility coins to the trading platform, it is in the process of adding more altcoins by next quarter. “PayBito… Read More

July 27, 2020 @ 12:00 pm By Omar Faridi  |  

The Graph announced on July 27, 2020, the launch of Mission Control, which is described as The Graph’s incentivized test network (testnet). The Graph serves as an indexing protocol for “organizing and efficiently accessing” data from blockchains and storage networks. The Graph supports indexing data… Read More

July 27, 2020 @ 11:04 am By JD Alois  |  

The BCB Group, a digital asset firm, has launched BLINC – said to be one of the first real-time payments networks of its kind that allows free, real-time transactions across fiat and digital currencies. In January of 2020, BCB Group announced receipt of an Authorised… Read More

July 27, 2020 @ 10:14 am By JD Alois  |  

Kynikos Associates, founded by well-known investor Jim Chanos, bet on Wirecard (WDI:DE) – the once prominent German Fintech that is now in the midst of insolvency proceedings. Chanos did not buy shares in Wirecard, he sold them, and the short bet paid off apparently as… Read More

July 27, 2020 @ 9:05 am By JD Alois  |  

Landbay. a digital buy-to-let finance platform, has announced a partnership with an unnamed UK bank. According to a note from Landbay, the deposit-taking bank will fund mortgages originated by Landbay and then hold them on their balance sheet. Landbay states that this arrangement complements its… Read More

July 27, 2020 @ 8:53 am By Omar Faridi  |  

Investment in the United Kingdom’s Fintech industry reportedly slowed down by over a third during H1 2020, as many investors appear to be holding on to cash due to the economic uncertainty created by COVID-19. Despite the slowdown, investment levels still managed to gain 22%… Read More

July 27, 2020 @ 8:34 am By JD Alois  |  

Tokeny Solutions, a digital asset platform facilitating primary issuance and management of security tokens, has partnered with Invenium Capital Partners to provide private security data. Invenium is described as a “Fintech SaaS” company with offices in New York City and Northville, Michigan. Founded in 2017,… Read More

July 27, 2020 @ 7:38 am By Samantha Hurst  |  

StashAway, a company that claims to be the first robo-adviser to receive a retail license in Singapore, announced on Monday it secured $22.3 million SGD ($16 million USD) Series C fundraising round led by Square Peg. This investment round comes one year after StashAway raised… Read More

July 26, 2020 @ 8:00 pm By Omar Faridi  |  

  We recently caught up with Sky Guo, a founding member at the OMFIF Digital Monetary Institute, the global central banking think tank that assists policymakers with understanding central bank digital currencies (CBDCs). Guo, who’s also the founder of Cypherium, which focuses on enabling interoperability… Read More

July 26, 2020 @ 7:14 pm By Omar Faridi  |  

Trustology, a provider of custody solutions for crypto-assets, revealed on July 23, 2020, that it will be offering built-in Ethereum 2.0 (or ETH 2.0) staking support for mobile, web, or API integration to its user base – which includes both individual and institutional clients. Ethereum… Read More

July 26, 2020 @ 6:41 pm By Omar Faridi  |  

  The Bank for International Settlements (BIS), a global financial institution owned by reserve banks that aims to support international monetary and financial cooperation and acts as a bank for central banks, notes that as financial technology, or financial innovation and digitalization, begin to transform… Read More

July 26, 2020 @ 1:01 pm By Omar Faridi  |  

Tether Gold (XAU₮), a crypto-asset offering ownership of physical gold (XAU) that’s reportedly custodied in Switzerland, has experienced a significant increase in its demand as the price of gold surged past $1,900 a troy ounce – which may have been due to the economic uncertainty… Read More