Global

August 27, 2024 @ 7:13 pm By Omar Faridi  |  

Accenture (NYSE: ACN) announced an expansion of its strategic collaboration with Amazon Web Services (AWS) to create Accenture Responsible Artificial Intelligence (AI) Platform powered by AWS to help organizations adopt and scale AI rapidly with trust and confidence throughout their enterprise. The rapid rise of… Read More

August 27, 2024 @ 4:25 pm By JD Alois  |  

DeFi firm MakerDAO has rebranded as Sky. In a release, Sky indicated that SubDAOs will now become “Sky Stars.” Sky has also released its new stablecoin, USDS, pegged to the US dollar. A New Sky.money website and app are expected to launch to provide a… Read More

August 27, 2024 @ 2:39 pm By Omar Faridi  |  

Immunefi, the blockchain cybersecurity platform protecting over $190 billion in assets, has just released its Hacks & Token Prices Report, which is said to be the most comprehensive overview of the impact of hacks on the prices of protocols’ native tokens. This research report from… Read More

August 27, 2024 @ 1:02 pm By JD Alois  |  

Sygnum Bank is a digital asset-focused financial institution that is based and regulated in Switzerland, supervised by the Swiss Market Financial Authority (FINMA). The company also holds a CMS [Capital Market Services license issued by the Monetary Authority of Singapore (MAS). Both of these jurisdictions… Read More

August 27, 2024 @ 10:09 am By JD Alois  |  

According to a report published by Henley & Partners, the number of crypto millionaires worldwide is increasing. Their research shows that there are approximately 172,300 crypto millionaires worldwide, a 95% increase from last year. Wealthy Bitcoin holders are rising alongside that number as this sector… Read More

August 27, 2024 @ 8:48 am By JD Alois  |  

Switzerland-based VC firm redalpine has opened a new office in the UK while announcing a new $200 million fund. redalpine has backed some successful Fintechs in the past like Klarna and N26 among others. Founded in Zurich in 2007, redalpine also has offices in San… Read More

August 27, 2024 @ 8:35 am By Omar Faridi  |  

Revolut has reportedly signed a global Visa Direct agreement for cross-border business transfers. Revolut has joined forces with Visa in order provide business clients with instant card transfers for cross-border transactions. Digital bank Revolut officially announced that it entered an agreement with Visa Direct agreement… Read More

August 27, 2024 @ 8:32 am By Omar Faridi  |  

Bitpanda‘s latest partner, CoinMENA, is a crypto broker in the Middle East. Through their partnership with Bitpanda Technology Solutions (BTS), CoinMENA will enhance trading efficiency on their platform and “expand the range of crypto assets available to its users.” When fully implemented, CoinMENA will have… Read More

August 27, 2024 @ 8:31 am By Omar Faridi  |  

Digital assets firm OKX has released their 22nd consecutive Proof of Reserves (PoR) report, which confirms USD19.8 billion in primary assets backing customer funds. To date, more than 1.8 million customers have reportedly “viewed and used their PoR tool to confirm their assets are backed… Read More

August 27, 2024 @ 8:30 am By Omar Faridi  |  

Binance says it will be listing Eurite (EURI) and introduce EURI zero trading fee promotions as well. Binance reminds users to do their own research before making any trades for the aforementioned token outside Binance in order “to avoid any scams and ensure safety of… Read More

August 26, 2024 @ 10:29 pm By Omar Faridi  |  

Banking Circle, a fully licensed next-generation bank with central bank access, has entered a strategic partnership with Skydo, India’s cross-border payments platform for Micro, Small, and medium-sized Enterprises (MSMEs) and freelancers. The collaboration aims to support Indian businesses “operating globally by providing them with seamless, efficient and cost-effective… Read More

August 26, 2024 @ 10:26 pm By Omar Faridi  |  

State Street Global Advisors, Inc, the asset management business of State Street Corporation (NYSE: STT), announced a strategic investment in Raiz Invest Limited (ASX: RZI), an Australian Fintech platform that helps customers grow their wealth by helping them to save and invest. The parties have… Read More

August 26, 2024 @ 10:24 pm By Omar Faridi  |  

Backbase, the global enabler of engagement banking, has successfully delivered a new digital banking platform for MyState Bank to support future growth. The platform represents a significant leap forward in “delivering seamless, customer-centric digital experiences to MyState customers.” MyState has partnered with Backbase “to modernise its… Read More

August 26, 2024 @ 7:22 pm By Omar Faridi  |  

Kaspersky‘s security experts have found seven vulnerabilities in the widely used open-source projects Suricata and FreeRDP. Two of these vulnerabilities, CVE-2024-32664 and CVE-2024-32039, could “potentially allow attackers to execute arbitrary code on a vulnerable system, while others could enable unauthorized memory access.” These vulnerabilities were… Read More

August 26, 2024 @ 7:10 pm By Omar Faridi  |  

Nubank (NYSE: NU) has finalized negotiations for seven new agreements to expand the offering of NuConsignado, its 100% digital payroll loan service. The new contracts include the three branches of “the Brazilian Armed Forces—the Brazilian Air Force, Navy, and Army—as well as the municipalities of… Read More

August 26, 2024 @ 7:09 pm By Omar Faridi  |  

Tether, which claims to be among the largest companies in the digital asset industry, reaffirms its commitment to combat illicit activities, “stop illegal use of stablecoin technology, and provide support to victims through its assistance to, and support of, law enforcement agencies globally.” As the… Read More

August 26, 2024 @ 6:48 pm By Omar Faridi  |  

On August 23, 2024, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced further sanctions against nearly 400 entities as a part of ongoing multilateral efforts “to weaken Russia’s military supply chain and procurement networks.” Chainalysis noted in a blog… Read More

August 26, 2024 @ 4:12 pm By JD Alois  |  

Shri Shaktikanta Das, Governor of the Reserve Bank of India, touched on multiple topics pertaining to Fintech at a global conference entitled Digital Public Infrastructure and Emerging Technologies. Digital Public Infrastructure (DPI) and Emerging Technologies are expected to shape the futures of all economies, said… Read More

August 26, 2024 @ 10:30 am By Omar Faridi  |  

DNA Payments, a provider of payment solutions for the hospitality and food & beverage (F&B) sectors and a member of Oracle Partner Network (OPN), announced its Pay at Reception, Pay at Counter and Pay at Table solutions “are now available on Oracle Cloud Marketplace and… Read More

August 26, 2024 @ 10:05 am By Omar Faridi  |  

PeerBerry’s business partner, real estate developer Lithome, has recently revealed that it repaid investors €1.5 million loan (real estate project “City stories II”) and paid their investors €145 684 in interest. In another update, it was noted that PeerBerry’s business partner, real estate developer SIB… Read More