Global

December 2, 2024 @ 12:09 pm By JD Alois  |  

The UK is expected to make some major tax changes in the coming year to ostensibly fill the budget “black hole.” The new Labour government has messaged its intent to levy a higher tax on capital gains and remove the so-called “non-dom” status, which allows citizens… Read More

December 2, 2024 @ 11:13 am By Tony Zerucha  |  

With Bitcoin soaring to nearly $100,000 and gaining unprecedented recognition on the global stage, the time has come for the UK to embrace the idea of a strategic Bitcoin reserve, deVere Group CEO Nigel Green said this week. There has been chatter in the US… Read More

December 2, 2024 @ 11:12 am By Omar Faridi  |  

SEI (NASDAQ:SEIC) announced that Arrow Global Group Limited, a European alternative asset manager specializing in private credit and real estate, selected SEI to support its fund administration, loan operations, and investor services for its private credit fund domiciled in Luxembourg. Reportedly ranked seven out of… Read More

December 2, 2024 @ 11:08 am By Omar Faridi  |  

Regtech ComplyAdvantage has shared 2025 predictions from professionals working at the Regtech company, which specializes in financial crime intelligence. As mentioned in the update from Regtech company ComplyAdvantage, the predictions span the future of sanctions during a Trump presidency, as well as corporate transparency/beneficial ownership… Read More

December 2, 2024 @ 10:24 am By JD Alois  |  

Equity holders of leading digital bank Revolut may soon have the opportunity to sell some of their shares. According to Bloomberg, former employees who have held shares for more than 2 years and have over $100,000 in value may be able to sell up to… Read More

December 2, 2024 @ 9:24 am By Tony Zerucha  |  

Entrust and Onfido’s 2025 Identity Fraud Report chronicles how 2024 will be remembered as the year digital manipulation overtook the physical before showing us the trends that will dominate in 2025. The increased availability and ease of use of advanced technologies like AI lower barriers… Read More

December 2, 2024 @ 9:08 am By Omar Faridi  |  

David Marcus, the current CEO and co-founder at Lightspark, which claims to be building the open Money Grid on Bitcoin (and previously who ran Payments/Crypto and Messenger at Meta) recently shared via social media just how the Facebook-led Libra(at one point called Diem) initiative was… Read More

December 2, 2024 @ 8:17 am By Omar Faridi  |  

Global Fintech Wise (LSE:WISE) has reportedly entered European remediation plans over AML (anti- money laundering) issues. The global money transfer company has been ordered by European regulatory authorities to initiate a formal remediation plan regarding issues with its AML controls. This, according to an update… Read More

December 2, 2024 @ 8:16 am By Omar Faridi  |  

European Regtech Salv announced the launch of its Collaborative Scenario Library, a tool designed to help AML teams improve their transaction and customer monitoring in order to catch more financial crime. The Collaborative Scenario Library, which is a feature of the Salv Monitoring solution, is… Read More

December 2, 2024 @ 5:08 am By Omar Faridi  |  

The majority of US consumers are drawn to credit cards for their convenience, credit building, or rewards with every “intention” to pay their balance in full every month, according to an update from LendingClub. But “life happens” and nearly half of cardholders end up carrying… Read More

December 1, 2024 @ 10:09 pm By Omar Faridi  |  

Investment platform Robocash noted that in the coming year, crypto and P2P investments together claim to occupy a “major share” of the optimal investment portfolio. A strategy focusing on these alternative instruments can bring an investor a “real return of up to 43%.” However, this… Read More

December 1, 2024 @ 9:16 pm By Omar Faridi  |  

Earlier this week, Russia reportedly approved a cryptocurrency-focused tax law which recognizes Bitcoin (BTC) and crypto-assets as property (somewhat similar to what Chinese courts has determined several years back). The legislation, which was reportedly approved on November 27, 2024, formally acknowledges Bitcoin / other virtual… Read More

December 1, 2024 @ 9:11 pm By Omar Faridi  |  

Adyen (ADYEN:AMS), the financial tech platform for businesses, and Doctolib, the European firm focused on digital healthcare services, are joining forces to offer medical professionals secure financial services. The partnership, which was launched in France and Italy, allows Doctolib to offer its users online payment solutions,… Read More

December 1, 2024 @ 9:08 pm By Omar Faridi  |  

Unity Wallet, the self-custodial crypto and Web3 wallet that combines encryption, unique functionality, and intuitive design has released member insights for Q3 of 2024, uncovering trends in self-custody user activity and adoption. Framed by geopolitical tensions and the uncertainties that have come with this “Year… Read More

December 1, 2024 @ 8:05 pm By Tony Zerucha  |  

The Asian Development Bank and the Mastercard Impact Fund, administered by the Mastercard Center for Inclusive Growth, have signed a memorandum of understanding to establish a partnership aimed at supporting micro, small, and medium-sized enterprises (MSMEs) across Asia and the Pacific. The initiative will initially… Read More

December 1, 2024 @ 5:11 pm By Omar Faridi  |  

Survey data from Fundrise, which claims to be America’s largest direct-to-consumer private markets manager, reveals key insights into retail investors’ attitude towards their investment portfolio as this year closes out and a new 2025 begins to takes shape. During the last few years, retail investors… Read More

November 30, 2024 @ 8:16 pm By Michael Wong  |  

British digital savings and mortgage platform Tembo has secured €16.8 million ($17.8 million) in a Series B funding round, aiming to expand its services and tackle the ongoing affordability challenges in the UK’s housing market. This latest investment brings the company’s total funding to €24… Read More

November 30, 2024 @ 4:20 pm By Omar Faridi  |  

Jeremy Allaire, CEO and Founder at stablecoin issuer Circle, noted that EURC is the largest Euro Stable, has grown fast this year, is taking advantage of “clear and fair regulations” in Europe (alongside USDC) and is reportedly growing TX volume, onchain FX use, and more… Read More

November 30, 2024 @ 3:41 pm By Omar Faridi  |  

CI has received comments and extensive Bitcoin-focused analysis. This has been provided to shed light on the current state of the BTC markets. These trading insights are from Dr. Sean Dawson, Head of Research at onchain options DeFi protocol, Derive ($79.8M TVL, $7.2B total trade… Read More

November 30, 2024 @ 2:21 pm By Omar Faridi  |  

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, released new research revealing that despite economic uncertainty, Canadians are approaching their holiday shopping with “strategy, not restraint.” Affirm noted in a blog post the majority (71%) plan to spend the… Read More