Global

May 29, 2022 @ 4:20 pm By JD Alois  |  

Waves, an issuer of another algorithmic stablecoin Neutrino USD (USDN) has distributed a plan to reanimate its troubled stablecoin. USDN lost its “peg” back in April tanking to around $0.66 and while it has bounced back a bit – now around $0.97 – USDN has… Read More

May 29, 2022 @ 3:45 pm By JD Alois  |  

The Organismo degli Agenti e Mediatori finanziari (OAM) only began accepting registrations for digital currency and digital wallet providers beginning on May 18th but in the ensuing days, 14 firms have registered including Binance, Bitpanda and more. The OAM is the exclusive authority in Italy… Read More

May 29, 2022 @ 2:46 pm By Omar Faridi  |  

Strabo, which aims to offer wealth analytics “at your fingertips,” has acquired 110% (£193,573) of its £175,003 target (at the time of writing) from 163 investors through its crowdfunding campaign via Seedrs (with 17 days left in the campaign). Located in London, Strabo operates in… Read More

May 29, 2022 @ 2:31 pm By Omar Faridi  |  

The Competition and Markets Authority (CMA) has released the findings and recommendations of a review by Kirstin Baker, which is one of its independent non-executive Directors, “to identify lessons from Open Banking for the CMA’s approach to designing, implementing and monitoring remedies in its market… Read More

May 29, 2022 @ 2:28 pm By Omar Faridi  |  

The team at Mintos notes that they are pleased to confirm that the first Notes are now available on the platform. According to Mintos, here’s what you should know about the arrival of the new financial instruments on the platform. Key takeaways shared by Mintos:… Read More

May 28, 2022 @ 10:45 pm By Omar Faridi  |  

Even though Bondora‘s cash recoveries declined in April 2022, the number of recovered loans increased considerably. Across all countries, recovered missed payments “increased by 2.3% to 79,281.” This means they have “a new record for the most missed payments recovered.” In March, Bondora claims it… Read More

May 28, 2022 @ 9:26 pm By Omar Faridi  |  

European lender EstateGuru reports that €14,7M worth of loans were financed during April of 2022. New loans in Estonia “contributed nearly 50% of the volume, followed by Germany and Latvia.” During the past month, EstateGuru reports it has “seen a rise in investor activity and… Read More

May 28, 2022 @ 7:10 pm By Omar Faridi  |  

LevelField Financial, the U.S. financial services firm uniting digital assets and traditional banking services in one “trusted” platform, has selected METACO, the provider of digital asset custody orchestration technology “to complex, global financial institutions.” LevelField is deploying its institutional digital asset management operations on IBM… Read More

May 28, 2022 @ 7:07 pm By JD Alois  |  

Anubi Digital, is the first or one of the first Italian digital asset custodians to gain approval and be registered with the Italian OAM (Organismo degli Agenti e Mediatori Finanziari (Organization of Financial Agents and Brokers)). The new rules only recently came to be and… Read More

May 28, 2022 @ 2:58 pm By Omar Faridi  |  

Capital provider Bloom Group S.A. has secured £300 million in capital via a round led by Credo Capital Partners and funds managed by Fortress Investment Group LLC (Fortress), making the company “the highest-funded revenue-based lending business in Europe.” It will drive the company’s ambition “to… Read More

May 28, 2022 @ 2:38 pm By JD Alois  |  

Seedrs, one of the largest securities crowdfunding platforms in the world, has launched a Dutch facing section of its website as it positions itself to benefit from pan-European investment crowdfunding rules. New rules were issued by the European Union in November of 2021. Currently, many… Read More

May 28, 2022 @ 1:56 pm By Omar Faridi  |  

Israeli blockchain firm StarkWare, which offers a cryptographic compression service, has managed to quadruple its latest valuation during just the past six months. Starkware confirmed that it finalized a $100 million Series D round that had been led by Greenoaks Capital as well as Coatue,… Read More

May 28, 2022 @ 1:54 pm By Omar Faridi  |  

MetaMask, ConsenSys’ self-custody wallet, has announced a partnership with Asset Reality, an end-to-end solution “for recovering, managing, and accessing seized crypto and complex assets.” Over the last few years, economic activity on web3 has “grown exponentially,” according to an update shared with CI. While this… Read More

May 28, 2022 @ 1:51 pm By Omar Faridi  |  

Bit.com, a digital currency exchange with up to 50X leverage on perpetual futures, is pleased to announce that it now supports the depositing and withdrawal of TONCOIN, “the native token of the TON Protocol, on its native blockchain, and will introduce a 200% APY on… Read More

May 27, 2022 @ 6:44 pm By Omar Faridi  |  

  SWIFT, in collaboration with Capgemini, is conducting new experiments to test how we can interlink domestic CBDCs and “take the next step towards seamless cross-border payments involving digital currencies.” Interest in Central Bank Digital Currencies (CBDCs) is “on the rise.” A report from the… Read More

May 27, 2022 @ 1:17 pm By Omar Faridi  |  

NAB has introduced a Buy Now, Pay Later (BNPL) solution that it says will not hit consumers with late charges, account fees or interest payments. The banking institution will reportedly allow clients to spend as much as $1,000 through a virtual credit card that’s embedded… Read More

May 27, 2022 @ 10:54 am By JD Alois  |  

This should really come as absolutely no surprise, Fintech Marqeta (NASDAQ: MQ) has distributed a study that states digital payments increase fueled by the COVID health crisis – is here to stay. During the somewhat dubious lockdowns, digital transactions of all kinds rocketed higher. The… Read More

May 27, 2022 @ 10:16 am By Omar Faridi  |  

Scalapay, which claims to be one of Europe’s leading Buy Now – Pay Later providers, and Twig, the “next generation” of banking and Web3 green payment infrastructure, recently announced an “exclusive” partnership. This partnership will “allow customers to resell products they have purchased via Scalapay… Read More

May 27, 2022 @ 9:30 am By JD Alois  |  

While some Fintechs have announced layoffs as the economy stumbles due to inflation and other concerns, Paystrax has just announced it will be doubling the size of its headcount in Lithuania. Paystrax is a payment processing solution that has offices in the UK, Iceland, and… Read More

May 27, 2022 @ 8:40 am By Omar Faridi  |  

Elliptic, an international firm focused on crypto-asset risk management, has announced J.P. Morgan as an additional investor “as part of its recent $60 million Series C funding round led by Evolution Equity Partners and including SoftBank Vision Fund 2, AlbionVC, Digital Currency Group, Wells Fargo… Read More