Opinion

May 20, 2024 @ 5:01 pm By JD Alois  |  

Recently, CI covered the rise in venture capital money going into digital assets. There has been renewed interest in risk capital going into crypto firms. In Q1 2024, crypto startups experienced an increase of 40.3% increase in venture funding and a 44.7% jump in deal… Read More

May 20, 2024 @ 7:39 am By Omar Faridi  |  

While sharing insights at the European Anti-Financial Crime Summit, Deputy Governor of the Central Bank of Ireland Derville Rowland said: “The commitment of European leaders to introduce a single rulebook for Anti-Money Laundering (AML) and the creation of a new European AML supervisory and financial… Read More

May 19, 2024 @ 9:32 am By Omar Faridi  |  

Mark Branson, President of the German Federal Financial Supervisory Authority (BaFin), warns against trying to pay for the green and digital transformation of the European economy by weakening capital requirements. Branson said at the BaFin’s conference in Frankfurt am Main on 14 May: “Otherwise we… Read More

May 18, 2024 @ 2:26 pm By Omar Faridi  |  

Michael Linford, Chief Financial Officer of Affirm (NASDAQ: AFRM) notes that new innovations often face harsh pushback from incumbents. Michael Linford from Affirm explains that when it’s “well-informed and anchored in what’s right for the consumer, this is generally a good thing.” Linford adds that… Read More

May 18, 2024 @ 9:51 am By Omar Faridi  |  

Klarna explains that it supports the “principle” of sharing data with credit bureaus, and they do share data with bureaus in the UK. They are not sharing data in the US because they claim that the bureaus “do not have proper models to responsibly process… Read More

May 17, 2024 @ 10:01 am By Omar Faridi  |  

We spoke to co-founder of PayFuture Technologies Dubai, Zaki Farooq on why businesses should overcome their reluctance to enter emerging markets to tap into a world of opportunity. Emerging markets are one of the fastest developing sectors of the global economy and many new businesses are establishing… Read More

May 15, 2024 @ 4:17 pm By Omar Faridi  |  

Sally Meouche-Ghrawi, Executive Board Member of eSync Network, recently shared her views and insights regarding the importance of RWA (real-world assets) tokenization and the rise of blockchain technology. Sally Meouche discusses the potential benefits of leveraging distributed ledger technology (DLT) to streamline key processes. Our… Read More

May 14, 2024 @ 10:34 am By Omar Faridi  |  

According to the UK’s Financial Conduct Authority (FCA), 24% of UK adults have expressed low confidence in handling their money, and 38% admitted to having low knowledge of financial matters. But as the cost-of-living crisis rumbles on, with precious little relief offered by the Government’s… Read More

May 12, 2024 @ 10:03 am By Omar Faridi  |  

Mainstream media headlines this past week read something like “FTX Has Billions More Than Needed to Pay Bankruptcy Victims” and “FTX says most customers of the bankrupt crypto exchange will get all their money back.” However, digital asset investor Anthony Pompliano has explained why this… Read More

May 9, 2024 @ 9:15 am By Omar Faridi  |  

As Wisconsin becomes the latest state to regulate Earned Wage Access (EWA) services, we connected with Nico Simko, founder and CEO of on-demand pay app Clair, to discuss the ever-changing EWA landscape, the impact of local state government’s efforts to protect consumers, and more. Nico… Read More

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

The US, UK, and the Philippines are reportedly leading overall interest in small cap cryptocurrency tokens, according to an extensive update from CoinGecko. According to the research report from CoinGecko, the most degen country in crypto is the US, which “represented 16.8% of global interest… Read More

May 7, 2024 @ 8:49 am By Omar Faridi  |  

Robinhood Markets, Inc. (NASDAQ:HOOD) announced that it had received a Wells Notice from the US Securities and Exchange Commission (SEC) staff. As reported on May 6, 2024, Robinhood Crypto (RHC) received a Wells Noticer “indicating [staff] will recommend that the Commission file an enforcement action.”… Read More

May 5, 2024 @ 3:34 pm By Omar Faridi  |  

This past week, Coinbase (NASDAQ:COIN) reported first-quarter revenue which beat analst forecasts, which is mainly attributed to the Bitcoin, Ethereum and wider crypto markets rally leads to surge in profit Coinbase announced better-than-expected revenue for its Q1 2024 earnings report that was released on Thursday… Read More

May 3, 2024 @ 7:02 pm By Omar Faridi  |  

A delegation comprising executives from 11 Azerbaijani banks, under the leadership of the Governor of the Central Bank of Azerbaijan, embarked on a mission to the United States. Organized by the U.S.-Azerbaijan Chamber of Commerce (USACC), a Washington, D.C.-based trade association, in partnership with Azerbaijan… Read More

May 3, 2024 @ 10:40 am By Omar Faridi  |  

Over the last decade, Fintech has undergone a significant transformation and period of growth, marked by the digitization and democratization of access to financial services to more Americans. To gain insights into what the future holds, we spoke with Ben Borodach, the co-founder and CEO… Read More

April 30, 2024 @ 7:35 pm By Omar Faridi  |  

Pakistan’s Finance Minister Muhammad Aurangzeb recently stated that the nation’s government is looking into integrating digital currency transactions within the Asian country’s financial ecosystem. While addressing attendees at the World Economic Forum (WEF) special meeting held in in Riyadh, Minister Aurangzeb commented on Pakistan‘s efforts… Read More

April 29, 2024 @ 8:48 am By Omar Faridi  |  

As the bull market continues, VC Brian D. Evans shares insights on how projects and founders can best approach and take advantage of the current bull run. He also comments on the difference in approach between a bull market in traditional finance vs. the crypto… Read More

April 28, 2024 @ 12:06 pm By Omar Faridi  |  

More than 220 central bankers and banking supervisors representing over 90 different jurisdictions met on 24–25 April, 2024 in Basel for the 23rd International Conference of Banking Supervisors (ICBS). The ICBS included a program to mark the 50th year of the Basel Committee on Banking… Read More

April 27, 2024 @ 5:03 pm By Omar Faridi  |  

Digital asset firm Gemini notes in its Weekly Market Update that Bitcoin miners are seeing rewards cut following the halving event. However, there are some positive indicators in terms of the supply of Bitcoin and its relationship to the availability of gold in global markets…. Read More

April 26, 2024 @ 5:21 pm By Omar Faridi  |  

CertiK notes that for about a decade, Chainalysis has been at the forefront of blockchain analytics and crypto compliance, “providing comprehensive coverage across a range of blockchains and tokens, and setting industry benchmarks with its data attribution and labeling capabilities.” However, CertiK claims that leading… Read More