Global

November 9, 2021 @ 7:40 am By Omar Faridi  |  

Binance Smart Chain (BSC), the decentralized finance (DeFi) and non-fungible token (NFT) infrastructure, has confirmed its plans of working with information technology universities internationally via the $100 million Talent Development (TD) program that is “focused on advancing research, education, and career opportunities in crypto and… Read More

November 8, 2021 @ 9:59 pm By Omar Faridi  |  

Sber has confirmed the opening of its first research and development (R&D) center in Europe at Web Summit, which is Europe’s largest tech conference, presently being held in Lisbon. Executive Vice President of Sberbank, CTO of Sber, and head of Technology David Rafalovsky commented on… Read More

November 8, 2021 @ 4:38 pm By JD Alois  |  

PayPal (NASDAQ:PYPL) has announced its Q3 earnings results with an EPS beat of $1.11 (non-GAAP) and total payment volume of $310 billion and 416 million accounts. Net revenues were reported at $6.18 billion an increase of 13% versus year prior and net income arrived at… Read More

November 8, 2021 @ 4:19 pm By Omar Faridi  |  

Colt Technology Services has announced that it’s expanding its capital markets product offering into Latin America (LatAm), giving clients from the US, Europe and APAC cost effective, low latency access to B3 – a major financial market infrastructure firm and the largest in the region… Read More

November 8, 2021 @ 3:37 pm By JD Alois  |  

Alleged perpetrators of the ransomware attack on, Kaseya – an IT firm that helped systems administrators manage large networks, have been charged by the US Department of Justice for the attack. This case is part of the Department of Justice’s Ransomware and Digital Extortion Task… Read More

November 8, 2021 @ 1:06 pm By Omar Faridi  |  

Mastercard (NYSE: MA) has reportedly been expanding its global platform capabilities via the Mastercard Developers portfolio, by adding various services to power flexible and innovative ways to make payments, improve the customer experience (CX) and establish greater trust across the payments sector. Taking an organic… Read More

November 8, 2021 @ 10:46 am By JD Alois  |  

Nimbla, an Insurtech startup, has announced a £5.1 million funding round led by Silicon Valley venture fund Fin VC with participation from Barclays Bank. Nimbla states that the funding will help it scale its operations with increased demand from embedded credit risk solutions through its… Read More

November 8, 2021 @ 9:13 am By Omar Faridi  |  

The team at Security Token Market (STM), which focuses on supporting the blockchain-enabled security token ecosystem, has released the latest security tokens market report outlining the exchange/marketplace performance during the month of October 2021. According to data from stomarket.com, the key highlights from the security tokens… Read More

November 8, 2021 @ 8:00 am By Omar Faridi  |  

Crypterium is set to launch a physical US Visa card in Q1 2022, according to an update shared with CI. Crypterium, the crypto wallet app with more than 400,000 customers in 170+ countries, has been a part of the Visa Fast Track program for more… Read More

November 8, 2021 @ 7:45 am By JD Alois  |  

Matter Labs, a company looking to provide an Ethereum Layer 2 scaling protocol, has raised $50 million in new funding. The investment was led by Andreessen Horowitz (a16z). Additional investors included Placeholder, Dragonfly and 1kx. Matter Labs said that a second financing was closed with… Read More

November 8, 2021 @ 7:25 am By Omar Faridi  |  

A report from CBInsights reveals that $31.1B in global funding was acquired by Fintech startups during Q3 2021—which is the “second-highest quarter ever.” Despite falling around 16% when compared to the past quarter’s record levels, financing remains elevated in the Fintech venture space. This last… Read More

November 8, 2021 @ 7:05 am By Omar Faridi  |  

Last month, Sygnum had reportedly closed the subscription to its first Art Security Tokens (ASTs), representing the ownership rights to Picasso’s Fillette au béret painting. As noted in the announcement, this landmark initiative “enables investors to purchase and trade tokens in this 20th century masterpiece… Read More

November 8, 2021 @ 7:01 am By Tony Zerucha  |  

Team8, an Israeli venture group, has a unique recipe for success, its vice president for business development and Fintech Galia Beer Gabel said. A lawyer by training, Beer Gabel moved into a business development role at PayPal where she worked across such emerging markets as… Read More

November 8, 2021 @ 6:52 am By Omar Faridi  |  

When Fintech Plaid first started offering services, they had been mainly focused on connecting with traditional institutions in the jurisdictions they had established businesses. These strategic connections enabled consumers to easily find and link their institution to the Fintech apps and services they required, the… Read More

November 7, 2021 @ 6:02 pm By Omar Faridi  |  

On October 31, 2008, an “obscure” whitepaper was released, outlining a virtual currency that was able to operate in a fully decentralized, trustless manner enabling users to send and receive monetary value. The pseudonymous author (or authors) of the whitepaper, Satoshi Nakamoto, called the “revolutionary”… Read More

November 7, 2021 @ 2:23 pm By Omar Faridi  |  

The team at UK-based digital bank Monzo has shared how they are working towards net zero carbon emissions. As noted in a blog post by Monzo: “We are in a climate crisis. Everyone has a responsibility to act, and take decisions that will support a… Read More

November 7, 2021 @ 1:47 pm By Omar Faridi  |  

The team at digital assets firm Kraken notes that the month of October 2021 has been dubbed “UPtober” by many in the cryptocurrency markets as the Bitcoin (BTC) price and that of Ethereum (ETH), as well as other major altcoins surged to new all-time highs…. Read More

November 7, 2021 @ 1:31 pm By Omar Faridi  |  

ROUND, which aims to be the “Uber” of in-venue ordering by offering a single app to buy food & drink from your smartphone, wherever you go, has secured 34% (£345,151) of its fundraising target via Crowdcube, with 21 days left in the sale. ROUND says… Read More

November 7, 2021 @ 1:21 pm By Omar Faridi  |  

Croatian P2P lender Robo.cash has shared the performance of its loan originators for Q3 2021. The Robo.cash team writes in a blog post, dated November 2, 2021, that today, they’re updating clients on the results of the Robo.cash loan originators in Q3. UnaPay, the Philippines… Read More

November 7, 2021 @ 1:16 pm By Omar Faridi  |  

Since launching, many Internet Computer initiatives have reportedly adopted Motoko for development. Here’s a quick update on this language and where they’re currently at. Two years back, the Internet Computer team confirmed the launch of Motoko, an actor-based programming language “designed for the Internet Computer.”… Read More