December 20, 2022 @ 3:11 pm By JD Alois  |  

DealMaker, recognized as one of the fastest-growing private firms in Canada, has raised growth capital, according to a corporate statement. DealMaker, while based in Canada, offers services in the US as well as pursuing global markets. DealMaker is both a broker-dealer as well a tech… Read More

December 20, 2022 @ 2:52 pm By Omar Faridi  |  

OKC (OKX Chain), the EVM and IBC-compatible chain backed by OKX – the world’s “second-largest” crypto exchange by trading volume, announced the launch of their Liquid Staking protocol. Liquid Staking is meant to be “a key element for the rapidly-expanding DeFi ecosystem on OKC, offering… Read More

December 20, 2022 @ 11:59 am By JD Alois  |  

Sam Bankman-Fried is expected to be extradited to the US perhaps as early as this week, according to a report. The former CEO of bankrupt crypto exchange FTX was in court this week and is expected not to fight extradition from the Bahamas. Previously, it… Read More

December 20, 2022 @ 11:42 am By JD Alois  |  

In an understatement, Bitfinex’s CTO (as well as Tether’s) Paolo Ardoino, has labeled 2022 as the annus horribilis for crypto markets. From multiple bankruptcies, hacks, and regulatory challenges, the digital asset sector has had a challenging year. As it looks today, the path remains murky. Ardoino… Read More

December 20, 2022 @ 11:24 am By JD Alois  |  

StartEngine, one of the largest investment crowdfunding platforms in the US, reports that it has raised over $189 million in 2022. StartEngine offers securities mainly under Reg CF and Reg A+ but Reg D as well. According to a blog post, StartEngine claims to be… Read More

December 20, 2022 @ 11:06 am By Omar Faridi  |  

Green Dot Corporation (NYSE: GDOT), a digital bank and fintech enabling powerful banking and payment solutions for businesses and consumers, and Wealthfront, an automated wealth management provider serving the next generation of investors, have extended their partnership that “provides seamless checking features and money movement… Read More

December 20, 2022 @ 8:27 am By JD Alois  |  

Funding into US startups has dropped by a precipitous 40%, according to a new report. In 2021, startups raised $296 billion. During 2022, this number has declined to $176 billion, a dramatic decline for a key sector of the economy. Entrepreneurship and small businesses are… Read More

December 20, 2022 @ 6:41 am By Omar Faridi  |  

The team at Centrifuge is pleased to close the year with the official launch of a $220 million fund with their partners BlockTower Credit and MakerDAO. The executive vote passed on Sunday, December 11, and Maker will “deploy four vaults to fund investments in real-world… Read More

December 20, 2022 @ 6:40 am By Omar Faridi  |  

The British P2P market continues to steadily grow, but is “facing significant competition from continental players,” according to an update from Robo.cash. Against the background of the local market isolation after Brexit and the departure of a number of major players, the British P2P market… Read More

December 19, 2022 @ 11:16 pm By Omar Faridi  |  

The world of blockchain and crypto is becoming ever more “integrated” into our everyday lives as the Web3 space continues to grow, according to an update from Binance. To help their users do more with their Binance account, the digital asset firm has partnered with… Read More

December 19, 2022 @ 11:12 pm By Omar Faridi  |  

Intech, a quantitative asset manager investing on behalf of pension funds, governments, endowments, and other institutional investors worldwide, has selected SimCorp as its partner for the implementation of SimCorp’s Investment Operations Service solution. The agreement “covers the integration of SimCorp’s full lifecycle management service to… Read More

December 19, 2022 @ 10:47 pm By Omar Faridi  |  

Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group,  announced a roadmap for the launch of its first Blockchain Node Service. Scheduled for the first quarter of 2023, the Blockchain Node Service will “support the growth of the evolving Web3.0 ecosystem and better… Read More

December 19, 2022 @ 10:17 pm By Omar Faridi  |  

Validus announced that it has secured its first tranche of funds in a Series C-1 round with new, key strategic investors NongHyup Financial Group, NorinChukin Bank, Aizawa Asset Management and Lotte F&L Singapore. Validus’ early investors – Vertex Ventures SEA & India, Vertex Growth Fund,… Read More

December 19, 2022 @ 9:07 pm By Omar Faridi  |  

The Saudi Central Bank (SAMA) recently announced the licensing of Manafa – a finance company specialized in debt-based crowdfunding in the Kingdom. Manafa is “a closed joint-stock company with a capital of SAR 40 million.” The license was granted to the company “after a successful… Read More

December 19, 2022 @ 8:23 pm By Omar Faridi  |  

Eventus, a global provider of multi-asset class trade surveillance and market risk solutions, and Fennel Financials LLC, which just launched an Environmental, Social, and Governance (ESG)-focused platform offering retail investors access to tools to better engage with companies, announced that Fennel has “chosen to deploy… Read More

December 19, 2022 @ 8:05 pm By Omar Faridi  |  

Mastercard (NASDAQ: MQ) brings Apple Pay to its cardholders in Kuwait. Apple Pay is “providing a safer, more secure and private way to pay that helps customers avoid handing their payment card to someone else, touching physical buttons or exchanging cash — and uses the… Read More

December 19, 2022 @ 8:02 pm By Omar Faridi  |  

Blockchain Intelligence Group, a key player focused on blockchain investigations, owned by BIGG Digital Assets, Inc. (CSE: BIGG), announced the availability of the Cardano and Stacks blockchains on its platform, which “provides crypto firms, law enforcement, banks and government intelligence and security for cryptocurrency transactions.”… Read More

December 19, 2022 @ 8:01 pm By Omar Faridi  |  

Cerved, the Italian platform focused on credit risk analysis and management, has signed a strategic partnership with Greenomy, the ESG Market Infrastructure, “to deliver a new service on the Italian market designed to help businesses comply with new EU Sustainable Finance regulations (EU Taxonomy, CSRD,… Read More

December 19, 2022 @ 3:24 pm By JD Alois  |  

Wedge and Fiserv, Inc. (NASDAQ: FISV) have partnered on programmable payments, according to a release. Wedge is an app-based service that offers a digital wallet and spending app, including cryptocurrencies, stocks, and cash. Fiserv is a payments and transfers Fintech. Wedge will bring its services… Read More

December 19, 2022 @ 3:06 pm By JD Alois  |  

The incoming Chair of the House Committee on Financial Services, Patrick McHenry, has issued a statement that he plans to add Financial Services Innovation Offices (FSIOs) back on the agenda. As the Republicans will take over the House in January after gaining the majority in… Read More