Global

July 9, 2024 @ 8:36 am By Omar Faridi  |  

CertiK has released its market update, entitled Hack3d: The Web3 Security Quarterly Report – Q2 + H1 2024. CertiK‘s Hack3d: The Web3 Security Report for Q1 2024 digital assets and blockchain ecosystem update is described as “the industry’s most comprehensive record of statistics and analysis… Read More

July 9, 2024 @ 8:31 am By Omar Faridi  |  

The German government reportedly owns about $2 billion worth of Bitcoin (BTC) and this appears to a matter of concern for cryptocurrency investors. That’s because the nation’s government has been aggressively selling BTC that it had previously seized from an illegal website that has now… Read More

July 9, 2024 @ 8:23 am By Omar Faridi  |  

PensionBee, a London-based online pension provider, has chosen to base its US business headquarters on the east coast of the United States, in New York City. The London Stock Exchange-listed FTSE stock, UK financial technology firm, which has over £5 billion ($6.3 billion) assets under… Read More

July 9, 2024 @ 8:21 am By Omar Faridi  |  

The KPMG and REC, UK Report on Jobs survey, compiled by S&P Global, signalled a further decline in permanent placements in June as general election uncertainty and reduced demand for workers weighed on hiring activity. Companies instead looked to temporary solutions “for their staffing needs,… Read More

July 9, 2024 @ 5:24 am By Omar Faridi  |  

Fraud detection and prevention are critical to many businesses; however, they are of growing importance in the banking and finance sector, including card issuers, banks, credit unions, and lenders, according to a report from Juniper Research. There are many anti-fraud measures that have evolved over time,… Read More

July 8, 2024 @ 11:00 am By Omar Faridi  |  

  Kenny Chan, GM at StraitsX, recently shared key insights with Crowdfund Insider. StraitsX is a payments infrastructure for the digital assets space in Southeast Asia. The company is also a Major Payment Institution licensed by the Monetary Authority of Singapore and is part of… Read More

July 8, 2024 @ 10:46 am By Omar Faridi  |  

Chainalysis has been sharing detailed insights on issues related to MiCA’s Stablecoin Regime and its remaining challenges. Despite the extensive work by the EBA and ESMA, in close cooperation with national regulators, Chainalysis points out that MiCA still leaves “some room for interpretation and uncertainty,… Read More

July 8, 2024 @ 10:45 am By Omar Faridi  |  

Evolve Bank & Trust has provided detailed updates on its widely reported cybersecurity incident. Evolve Bank & Trust claims that it is on schedule “to commence individual notifications starting July 8, 2024.” These notifications will include “an offer of two years of comprehensive credit monitoring… Read More

July 8, 2024 @ 10:40 am By Omar Faridi  |  

Cryptocurrency markets continued to decline during this past  week, with the total market cap slipping by 1.3% compared to the previous week, while bitcoin’s dominance remained steady above 53%, the team at Talos noted in their digital assets / blockchain industry recap report. Talos pointed… Read More

July 8, 2024 @ 10:36 am By Tony Zerucha  |  

Viola FinTech, an operator-led global Fintech venture fund, announced this past week that Scott Galit has joined its advisory board. Galit is the former CEO of Payoneer, an international payments platform that partners with freelancers, SMBs, marketplaces, and enterprises, especially in emerging markets. Previously, Galit… Read More

July 8, 2024 @ 10:00 am By JD Alois  |  

  The British Business Bank has announced the Growth Guarantee Scheme, which aims to help smaller businesses access the growth capital. The program is the successor to the Recovery Loan Scheme, which was published today. The Bank said the program is expected to support around… Read More

July 8, 2024 @ 9:37 am By Omar Faridi  |  

PeerBerry’s portfolio grew to €114.16 million last month (from €113.12 million at the end of May) further ensuring their investors a higher invested amount, a larger share of which was invested in longer-term loans. The loan supply on the PeerBerry platform was slightly “lower in… Read More

July 8, 2024 @ 9:31 am By Tony Zerucha  |  

Israeli startup SendBlocks, a blockchain data management company, announced this week that it is coming out of stealth mode with $8.2 million in seed funding. The SendBlocks platform is fully customizable, allowing blockchain enterprises, ecosystems, protocols, and applications to define pertinent data and leave it… Read More

July 8, 2024 @ 9:23 am By Omar Faridi  |  

SlowMist has released its 2024 Mid-Year Blockchain Security and Anti-Money Laundering Report. According to CoinMarketCap, the global cryptocurrency market cap “reached approximately $2.34 trillion by June 30, 2024, highlighting robust growth.” However, SlowMist pointed out that this development “comes with increasingly severe blockchain security challenges.”… Read More

July 8, 2024 @ 9:20 am By Omar Faridi  |  

Assetz Capital, a funder in the SME development lending market, announce a significant enhancement to its development lending solutions, “offering stronger initial day one advances to developers on schemes up to 70% LTGDV.” This strategic offer is designed to equip housebuilders “with robust financial support… Read More

July 8, 2024 @ 8:58 am By Omar Faridi  |  

UK’s ThinCats has shared insights following the new Labour government announcement. Managing Director Ravi Anand gives his thoughts on what ThinCats would like “to see from the new government and challenges them to back growth and invest in mid-sized SMEs.” For any incoming Government, there… Read More

July 7, 2024 @ 5:38 pm By Omar Faridi  |  

The past few weeks have been really hectic for the crypto and blockchain space and certain developments may have gone somewhat unnoticed. For instance, Yield App, which claimed to have been focused on unlocking the full potential of digital assets “with a simple, safe, and… Read More

July 7, 2024 @ 4:58 pm By Omar Faridi  |  

Nik Storonsky, the CEO of Revolut, has spent the last ten years focused on disrupting the traditional banking / financial services sector with various innovations. The Fintech billionaire and ex- Lehman Brothers trader is now looking to enhance the existing venture capital space. Storonsky has… Read More

July 7, 2024 @ 4:55 pm By Omar Faridi  |  

Productivity growth goes in cycles and Australia is currently within the normal bounds of a low productivity growth period, rather than a “crisis” as commonly characterized, according to a research report from KPMG. However, there would be cause for concern if this downturn continues to… Read More

July 7, 2024 @ 3:49 pm By Omar Faridi  |  

In the wake of the Halving, Bitcoin’s hashrate (30D MA) has “fallen -7% from its all-time-high of 626 EH/s, now at 580 EH/s,” according to an update shared by Coin Metrics earlier this week. In its extensive crypto and blockchain industry report, Coin Metrics pointed… Read More