Global

August 11, 2021 @ 2:42 pm By Omar Faridi  |  

Today, nearly a year and a half since the Coronavirus pandemic began, we have all been forced to adapt to the new environment or the “new normal” in almost every aspect of life. As at any time, there are always “winners” in the economy and… Read More

August 11, 2021 @ 2:29 pm By Tony Zerucha  |  

Cryptocurrencies and other emerging financial technologies raise concerns with sanctions and compliance professionals, the results of a new survey by the International Compliance Association suggest. Almost half (46 percent) of respondents believe greater training and education is needed around crypto/digital currencies and emerging financial technologies… Read More

August 11, 2021 @ 2:20 pm By Priyanka Pani  |  

The UK government plans to create a digital identity trust framework using modern technology to make verification faster and easier for its citizens. The government had first published the trust framework in February this year.  The UK government has created the framework by conducting extensive online surveys,… Read More

August 11, 2021 @ 2:16 pm By Tony Zerucha  |  

Decentralized finance technology services provider AllianceBlock has announced eight new C-level hires. The company’s new Zug-based office plans to create 20 to 30 new jobs by the end of 2021. AllianceBlock’s open-source technology provides regulated financial entities around the globe with the infrastructure and tools… Read More

August 11, 2021 @ 12:03 pm By Omar Faridi  |  

Lithuania-based Debitum, a borderless financial platform, is pleased to report that their new product on the market “Easy Invest“ has officially been launched. With this new product, Debitum offers investors the same tools that professional investors have been using for a long time – “a… Read More

August 11, 2021 @ 11:53 am By Omar Faridi  |  

Blockchain analysis firm Chainalysis is pleased to confirm that they now cover the world’s “premiere” memecoin: Dogecoin (DOGE). Once considered “nothing more than a light-hearted joke,” Dogecoin has become one of the “world’s most popular crypto assets, thanks in part to cheerleaders like Elon Musk… Read More

August 11, 2021 @ 11:38 am By Omar Faridi  |  

Big Four auditing firm KPMG is reporting record-breaking VC investment in Fintech-focused businesses during H1 2021. KPMG’s Pulse of Fintech report reveals that investment into Fintech firms during H1 of this year reached $98 billion. Nearly $100 billion was allocated towards Fintech investment (M&A, PE… Read More

August 11, 2021 @ 10:34 am By Omar Faridi  |  

Paysafe (NYSE: PSFE), a specialized payments platform, reveals that it has appointed international payments executive, Chirag Patel, as CEO of its global Digital Wallets business. Patel will be reporting directly to Group CEO, Philip McHugh, when he joins the firm in September 2021. Chirag has… Read More

August 11, 2021 @ 10:18 am By JD Alois  |  

ION Markets has announced the extension of the partnership with UBS Bond Port, connecting the former’s LatentZero buy-side clients to the latter’s Bond Port trading platform. ION Markets is a provider of trading, analytics, and risk management solutions for institutional markets,   Bond Port is now… Read More

August 11, 2021 @ 10:00 am By Omar Faridi  |  

On Wednesday, August 4, 2021, Lattice Exchange, a decentralized finance (DeFi) platform that connects all blockchain or DLT networks and enables users to transfer cryptocurrency in a seamless manner between each other, introduced the Lattice Launchpad, which is described as a “one-stop” shop for blockchain… Read More

August 11, 2021 @ 8:53 am By Omar Faridi  |  

The team at Fintech Kroo notes that they say “money talks,” but how loud does £17.7 million “speak?” After hours of “great conversations” with potential investors, company CEO Andrea De Gottardo is pleased to share her excitement with everyone. Kroo has raised £17.7m through its… Read More

August 11, 2021 @ 8:46 am By Omar Faridi  |  

BBVA and Ant Group (Alibaba affiliate) have entered an agreement to work on the integration of financial services in their platform, Trusple. Based on blockchain or distributed ledger technology (DLT), this network aims “to accelerate the digital transformation and facilitate the financing of international trade… Read More

August 11, 2021 @ 8:42 am By Omar Faridi  |  

A survey by API Management firm Axway (Euronext: AXW.PA) reveals that half of Americans have “never heard” of the term “Open Banking,” however, 84% agree with its “central tenet” that they should have “control of their financial data.” As mentioned in an update shared with… Read More

August 10, 2021 @ 11:24 pm By Omar Faridi  |  

Refinitiv, one of the largest providers of financial markets data and infrastructure globally, reveals that the EPIC Platform from GIACT and World-Check are now together and accessible through a single API. As mentioned in a release, the integration brings together the risk intelligence from World-Check… Read More

August 10, 2021 @ 10:15 pm By Omar Faridi  |  

Juniper Research recently published a whitepaper titled, “Cash is No Longer King: How Contactless Payments are Becoming the Norm.” The paper from Juniper Research notes that bricks-and-mortar retailers are now “under pressure” to provide increasingly “frictionless” shopping experiences. Consumers have started expecting quick, secured, and… Read More

August 10, 2021 @ 10:08 pm By JD Alois  |  

Poly Network has lost some crypto in an apparent hack. In fact, Poly Network has lost over $600 million in what is said to be the largest DeFi attack ever. In a series of tweets, Poly Network named the locations of the missing crypto.  … Read More

August 10, 2021 @ 9:38 pm By Tony Zerucha  |  

A glitch in the European Central Bank’s payment system left several Eurozone commercial and central banks far off target Monday afternoon. It is the latest in a long run of issues plaguing the program. The Target system, which is supposed to connect commercial and central… Read More

August 10, 2021 @ 4:23 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC), has announced a consent order against BitMEX and its affiliated entities. The order stems from a CFTC action filed on October 1, 2020, against BitMEX and its three individual founders, Arthur Hayes, Benjamin Delo, and Samuel Reed. The CFTC’s… Read More

August 10, 2021 @ 10:35 am By Omar Faridi  |  

James Butterfill, Investment Strategist at London-based CoinShares, a digital asset manager focused on expanding access to the cryptocurrency ecosystem while serving as a “trusted partner” for its clients, notes in a blog post published on Monday (August 9) that for the week ending Agusut 8,… Read More

August 10, 2021 @ 8:31 am By Omar Faridi  |  

The latest report from EthHub, the “essential” resource for Ethereum information, curated by Anthony Sassano (@sassal0x) and Eric Conner (@econoar), notes that Ethereum Improvement Proposal or EIP-1559 is now live on the Ethereum (ETH) network. Since the major upgrade went live this past week, the… Read More