Global

August 15, 2024 @ 8:22 am By Omar Faridi  |  

CertiK notes that during the past few months, their team has conducted extensive research on the Bitcoin ecosystem and its developments. CertiK also audited several Bitcoin projects and smart contracts based “on different languages, including OKX’s BRC-20 wallet and MVC DAO’s sCrypt smart contract implementation.”… Read More

August 15, 2024 @ 6:18 am By Omar Faridi  |  

Sumsub is partnering with iGaming platform provider 4Play Gaming. The partnership will enable global iGaming operators using the 4Play Gaming platform to onboard end-users “through Sumsub’s seamless user verification capabilities.” 4Play Gaming’s platform will “integrate Sumsub’s comprehensive KYC (Know-Your-Customer) solution, part of its user verification… Read More

August 15, 2024 @ 6:16 am By Omar Faridi  |  

C6 Bank, a Brazilian bank whose partner is JPMorgan Chase, reported a net profit of R$969 million between January and June 2024. The bank’s first half-year profit, the result is being attributed to the ongoing work to expand revenues, control costs and stabilize “provisions for… Read More

August 15, 2024 @ 6:15 am By Omar Faridi  |  

Bitcoin Suisse, a firm focused on enabling Swiss crypto investments and a trusted gateway for digital assets, has announced the integration of Solana (SOL) into its custodial staking services. This addition enhances Bitcoin Suisse‘s existing Solana offerings, which “include trading and custody, creating a comprehensive… Read More

August 15, 2024 @ 6:14 am By Omar Faridi  |  

Secondary to Bitcoin by market cap, Ethereum has been neck and neck with Bitcoin over the last year across major inflection points, the team at CoinGecko noted in a new report. Over one year, however, CoinGecko pointed out that Ethereum lags behind Bitcoin “at 31.6%… Read More

August 14, 2024 @ 10:07 pm By Omar Faridi  |  

Mastercard (NYSE: MA) is enhancing its Open Banking for Lending program, delivered with Argyle, to streamline the lending process and give consumers more agency over their financial lives. With new features, Mastercard has the ability to “provide income and employment coverage to the estimated 95… Read More

August 14, 2024 @ 4:39 pm By Omar Faridi  |  

Alchemy Pay is working with Mesh, a connectivity layer for crypto that aims to make payments and deposits seamless. Alchemy Pay has integrated the Mesh API into its crypto payment solution, “enabling users to purchase goods and services at online and offline merchants using crypto funds… Read More

August 14, 2024 @ 4:28 pm By Omar Faridi  |  

European digital bank N26 announces updates to its management board. After more than two years at N26, Chief Regulatory Officer Jan Stechele will step away from his executive duties “at the end of the third quarter of 2024.” Having been appointed to the N26 Management… Read More

August 14, 2024 @ 11:22 am By JD Alois  |  

The Australian Stock Exchange (ASX) was once viewed as a pioneer in transitioning from legacy exchange technology – CHESS –  to blockchain or distributed ledger technology. The strategy was to create a “database architecture that solves a data reconciliation issue.” This has nothing to do… Read More

August 14, 2024 @ 8:17 am By Omar Faridi  |  

NatWest has executed a £1.1bn own-asset securitisation deal with funding from Nuveen Infrastructure and Christofferson Robb & Company to allow the bank to recycle capital and increase lending to the renewable energy and energy transition sectors. The synthetic risk transfer securitization “provides credit protection against… Read More

August 14, 2024 @ 8:16 am By Omar Faridi  |  

Kiavi, a tech-enabled lender to residential real estate investors, announced it closed a $400 million rated securitization of residential transition loans (RTLs). While this is Kiavi’s first rated securitization, it is “the 19th transaction under its LHOME shelf.” In total, Kiavi has issued “more than… Read More

August 14, 2024 @ 5:05 am By Omar Faridi  |  

Paymentology, the global issuer-processor, announces its connection to Mastercard leveraging Mastercard’s Cloud Edge, further advancing its comprehensive cloud-first strategy to deliver next-generation payment solutions across the globe. The new certification aligns seamlessly “with Paymentology’s cloud-first approach. Mastercard’s Cloud Edge allows customers to connect to Mastercard… Read More

August 13, 2024 @ 10:08 pm By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, has invested in Solayer, a restaking network on Solana. Their aim is to empower on-chain decentralized applications (dApps) with “improved network bandwidth while securing the L1 at the same time.” Built natively on Solana, Solayer… Read More

August 13, 2024 @ 10:06 pm By Omar Faridi  |  

Nu Asset, Nubank’s (NYSE: NU) investment fund manager, takes its first steps into exploring the institutional investor segment. This move is part of a distribution agreement established with Itajubá Investimentos Assessores de Investimentos, a key player focused on wholesale market distribution in Brazil. Nu Asset’s… Read More

August 13, 2024 @ 10:01 pm By Omar Faridi  |  

Thunes, the Smart Superhighway for money movement around the world, announces it has hit growth milestones, exceeding $100m run-rate Revenue whilst remaining firmly on course to reach EBITDA break-even by year-end. Thunes’ growth journey is fueled by “demand for its proprietary Direct Global Network for… Read More

August 13, 2024 @ 3:02 pm By Omar Faridi  |  

Robinhood (Nasdaq: HOOD) welcomes Jeff Pinner as Chief Technology Officer. Robinhood says they are pleased to announce that Jeff Pinner has now officially “joined Robinhood as Chief Technology Officer (CTO).” Jeff is said to be “a deeply respected innovator who will help us accelerate their… Read More

August 13, 2024 @ 3:01 pm By Omar Faridi  |  

HeavyFinance has shared its latest platform performance review. HeavyFinance has shared key highlights from the summer and July. The team notes that this period has proved to be a dynamic month for their investor community “with €1.33M allocated across 52 agricultural projects on the HeavyFinance… Read More

August 13, 2024 @ 1:28 pm By JD Alois  |  

Artificial intelligence (AI) firm Groq has raised $640 million in a funding round led by BlackRock Private Equity Partners. Other existing and new investors included Neuberger Berman, Type One Ventures, and strategic investors, including Cisco Investments, Global Brain’s KDDI Open Innovation Fund III, and Samsung… Read More

August 13, 2024 @ 11:16 am By Omar Faridi  |  

SteelEye notes that it has been a year since the $549 million fine was imposed by the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) on 13 major Wall Street firms “for failures in record-keeping of off-channel communications.” Steeleye mentioned… Read More

August 13, 2024 @ 10:58 am By JD Alois  |  

  Yesterday, it was reported that the Securities and Exchange Commission (SEC) had filed fraud charges against NovaTech, and its founders as well as several other executives. The SEC claims that over $650 million was pilfered in the operation, which saw early investors receive payouts… Read More