July 14, 2023 @ 12:05 pm By Omar Faridi  |  

CapStack, which claims to be the first integrated operating system for banks, recently announced it has emerged from stealth backed by $6 million in pre-seed funding. The investment round was “oversubscribed and led by Fin Capital with participation from Alloy Labs, Rex Salisbury’s Cambrian Ventures,… Read More

July 14, 2023 @ 11:40 am By Omar Faridi  |  

Gemini Fund Solutions (GFS) says it is the one of the leading providers of custody, clearing/settlement, trading, and other capital markets services that have been specifically designed “for crypto exchange-traded funds (ETFs), closed-end funds (CEFs), and other fund vehicles.” Founded in 2020, GFS is reportedly… Read More

July 14, 2023 @ 11:30 am By Omar Faridi  |  

Volante Technologies, which claims to be the global leader in cloud payments modernization, has deepened its existing partnership with KPMG LLP by “developing a new ISO 20022 maturity model to help payment service providers determine ISO adoption readiness.” Within the next four years, it is… Read More

July 14, 2023 @ 11:08 am By JD Alois  |  

StartEngine, one of the largest securities crowdfunding platforms in the US, has announced the official launch of its long-anticipated secondary marketplace. StartEngine has been approved to operate an ATS or Alternative Trading System for some time now. Yet the launch of the previously announced platform… Read More

July 14, 2023 @ 10:38 am By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has joined the SEC in filing a civil complaint against Celsius Network and its founder and former CEO Alex Mashinsky. Criminal charges were filed by the US Department of Justice as well in a trifecta of legal action against… Read More

July 14, 2023 @ 9:27 am By Omar Faridi  |  

Despite a persistent interest in crypto assets, a majority of investors don’t prioritize the metrics experienced crypto traders tout when assessing the viability and attractiveness of crypto assets, according to a new Digital Disclosure Survey from global Fintech platform, Broadridge Financial Solutions (NYSE: BR). The… Read More

July 14, 2023 @ 9:21 am By Omar Faridi  |  

On May 21, 2023, Multichain CEO Zhaojun was taken away by the Chinese police from his home and has been out of contact with the global Multichain team ever since. As noted via social media, the team claims they contacted the MPC node operators and… Read More

July 14, 2023 @ 9:15 am By Omar Faridi  |  

Webull Corporation, the owner of the Webull trading platform, announced the launch of its retail brokerage services in the UK. Through licensed financial services trading firm Webull Securities (UK) Ltd., a subsidiary of Webull, residents of the UK can now trade U.S.-listed equities and fractional… Read More

July 14, 2023 @ 9:07 am By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, which is being sued by US regulators for a wide range of issues, has committed $15 million into Xterio, a Web3 game platform and publisher bridging free-to-play and on-chain gaming with in-house and third-party games… Read More

July 14, 2023 @ 9:01 am By Omar Faridi  |  

Marqeta (NASDAQ: MQ), the global modern card issuing platform, announced its expansion into Brazil, with a new partnership with Latin American banking-as-a-service platform Fitbank and network certification with Visa. As part of Marqeta’s partnership with Fitbank, the company “will both be a Marqeta customer, using… Read More

July 14, 2023 @ 5:58 am By Omar Faridi  |  

ION, which claims to be a global leader focused on trading, analytics, treasury, and risk management solutions for capital markets, commodities, and treasury management, announces that Raiffeisen Bank International (RBI) has “implemented ION’s new ISO 20022 solution.” A corporate and investment bank in Austria and… Read More

July 13, 2023 @ 11:41 pm By Omar Faridi  |  

The Bank of London announces it has submitted its formal application for a European Union (EU) Banking Licence and “commits to €200M investment and hiring 300 people in Luxembourg over the next five years.” The formal application has been jointly “lodged with the European Central… Read More

July 13, 2023 @ 11:38 pm By Omar Faridi  |  

VARA is issuing a market alert regarding ongoing supervisory controls, and enforcement actions initiated against BitOasis. VARA in Dubai (United Arab Emirates) confirmed that it is issuing this market alert regarding ongoing supervisory controls, and enforcement actions initiated against digital currency trading platform BitOasis. Investors… Read More

July 13, 2023 @ 10:36 pm By Omar Faridi  |  

The Core PCE index is revealed today. Therefore Bitcoin could reach $36 000, with another 2 key indicators suggesting potential growth opportunities in the background, according to  crypto hedge fund manager Thomas Kralow. Here are 3 key catalysts for Bitcoin’s growth: Thomas Kralow, a crypto… Read More

July 13, 2023 @ 9:47 pm By Omar Faridi  |  

Analysts at Pitchbook have shared key insights covering major developments in Fintech and the payments sector. As noted in the report from Pitchbook, shares of recently publicly traded fintech & payments IPOs “rose by 21.2% in Q2, notably outperforming the Nasdaq’s 12.8% and S&P 500’s… Read More

July 13, 2023 @ 9:40 pm By Omar Faridi  |  

Cornerstone Advisors, a management and technology consultancy for banks, credit unions and fintech firms, today announced the acquisition of BankSmart, a consulting firm specializing in bank operations, vendor selection, project management solutions and payments. Scott Sommer, chief executive officer at Cornerstone Advisors, said: “Since its… Read More

July 13, 2023 @ 9:35 pm By Omar Faridi  |  

Fir Tree Partners, a meaningful shareholder of the Grayscale Bitcoin Trust (GBTC), announced it has reached an agreement with Grayscale Investments (together with GBTC, Grayscale) and has issued the below statements regarding Grayscale’s “continued refusal to conduct a tender offer that would unlock value for… Read More

July 13, 2023 @ 9:34 pm By Omar Faridi  |  

Emirates NBD, a banking group in the MENA region and Turkey, has launched an enhanced and upgraded version of its WhatsApp banking service, “providing customers with a convenient, secure and reliable digital banking experience like never before.” Emirates NBD WhatsApp banking “allows customers to seamlessly… Read More

July 13, 2023 @ 6:47 pm By JD Alois  |  

As was reported earlier today, the courts have issued a ruling on the Ripple-XRP lawsuit filed by the US Securities and Exchange Commission. In brief, the courts have filed an order that was a partial victor for Ripple and its executives. CI has received multiple… Read More

July 13, 2023 @ 6:02 pm By JD Alois  |  

Ripple is claiming victory in a court order issued today that determined the company did not violate securities laws when it initially offered XRP to investors – at least in part. At the same time, the order did indicate that the manner of sale did… Read More