December 1, 2022 @ 5:19 pm By JD Alois  |  

According to multiple reports, Coinsquare, a top Canadian crypto exchange, was the target of a hack where customer information was taken, but no passwords or funds were stolen. Coinsquare is Canada’s first IIROC-regulated crypto marketplace. On November 19th, Coinsquare said they witnessed “unusual activity” on… Read More

December 1, 2022 @ 4:47 pm By Omar Faridi  |  

Teampay, which claims to be the all-in-one-purchasing platform, announced it raised $47 million in Series B funding “led by existing investor Fin Venture Capital.” New investors Mastercard, Proof Ventures, Trestle, and Espresso Capital supported the oversubscribed investment round, “bringing Teampay’s total funding to $65M.” Peter… Read More

December 1, 2022 @ 4:35 pm By JD Alois  |  

Coinbase (NASDAQ:COIN) has taken to Twitter to criticize Apple (NASDAQ:APPL) because it has blocked its most recent App update as Coinbase moved to evade app store fees. Coinbase said that Apple does not understand how NFTs and blockchain work, and thus Apple is in the wrong…. Read More

December 1, 2022 @ 11:41 am By JD Alois  |  

Temenos (SIX: TEMN), a banking platform provider, has expanded its relationship with Mbanq to boost its Banking as a Service (BaaS) in the US. At the same time, Temenos has invested in Mbanq, taking a minority stake in the Fintech. Temenos did not immediately reveal… Read More

December 1, 2022 @ 11:23 am By Omar Faridi  |  

Binance, which claims to be the world’s “leading” blockchain ecosystem and cryptocurrency infrastructure provider, announced it has “acquired 100% of Sakura Exchange BitCoin (SEBC), the Japanese-registered crypto exchange service provider.” Through this acquisition, Binance enters “the Japanese market, as a Japan Financial Services Agency (JFSA)… Read More

December 1, 2022 @ 11:16 am By JD Alois  |  

Senator Sherrod Brown, Chairman of the Senate Banking Committee, has sent a letter to the US Department of Treasury Secretary Janet Yellen expressing his concerns following the bankruptcy filing of FTX. The crypto exchange, once one of the largest crypto exchanges in the world, filed… Read More

December 1, 2022 @ 11:04 am By JD Alois  |  

Shield, an Israel-based Regtech, has raised $20 million in Series B funding. The round was led by Macquarie Capital and joined by UBS Next, and Mindset. Notably, global securities crowdfunding platform OurCrowd backed the funding round after participating in the Series A. Shield is a… Read More

December 1, 2022 @ 10:08 am By Omar Faridi  |  

Gillian Lynch, Head of Ireland and EU at Gemini, notes that they are pleased to announce that Gemini has “registered as a Virtual Currency Operator with Italy’s payments services regulator, the Organismo Agenti E Mediatori (OAM), and as a custodial wallet provider and provider of exchange services… Read More

December 1, 2022 @ 9:50 am By JD Alois  |  

LastPass has posted a notice that it has experienced another data breach – with the perpetrators apparently utilizing information stolen before. LastPass is best known for its GoTo products enabling virtual operating environments. LastPass stated: “We recently detected unusual activity within a third-party cloud storage… Read More

December 1, 2022 @ 9:15 am By JD Alois  |  

Singapore-based Funding Societies has surpassed THB 1 Billion (USD $27.8 million) in online lending in Thailand, according to a note from the company. Funding Societies secured a license in Thailand in 2021. Funding Societies is a platform providing access to capital for SMEs in multiple… Read More

December 1, 2022 @ 8:59 am By Omar Faridi  |  

Over the last year, the team at Assetz Capital have finally seen “substantial rises” in bank interest rates after well over ten years of them “languishing at near zero levels.” Assetz Capital noted in a blog post that this has led to the Access Accounts… Read More

December 1, 2022 @ 7:45 am By JD Alois  |  

The Senate Committee on Agriculture will hold a hearing today (December 1, 2022) at 10 AM ET to review the failure of FTX. This Committee holds oversight on the commodities industry and, therefore on aspects of crypto markets that are deemed to be regulated commodities…. Read More

December 1, 2022 @ 7:26 am By Omar Faridi  |  

The team at Mintos are pleased to announce an improvement to how the Mintos Risk Score is displayed on the platform. Previously, they displayed Mintos Risk Scores “as whole numbers, for example, 7. But now, [they] display all Mintos Risk Scores rounded to one decimal… Read More

December 1, 2022 @ 7:11 am By Omar Faridi  |  

SEBA Bank AG, which claims to be a leading crypto bank in Switzerland having a suite of fully regulated banking services, officially opened its Hong Kong office for its subsidiary, SEBA (Hong Kong) Limited (SEBA Hong Kong). SEBA Bank says that it has “a strong… Read More

November 30, 2022 @ 11:07 pm By Omar Faridi  |  

Decentralized autonomous organizations (DAOs) are gradually gaining traction in the Web3 space and beyond as many are beginning “to explore possible ways of contributing to one.” While DAOs have significant operational benefits such as organizational transparency, decentralization, and ability “to utilize a wide variety of… Read More

November 30, 2022 @ 10:17 pm By Omar Faridi  |  

Visa (NYSE: V) announced a seven-year global partnership with GoHenry, the prepaid card and financial education app for 6-to 18-year-olds. Visa will “provide support as the exclusive global network partner for GoHenry’s prepaid cards for kids and teens in the US, UK, and Europe.” GoHenry… Read More

November 30, 2022 @ 10:16 pm By JD Alois  |  

Insurtech bolttech has partnered with Max Solution Service Co., Ltd., a subsidiary of PTG and the company behind Max Card, to offer insurance on the card’s Max Me application. The Max Me app will provide Max Card customers with a simple way to purchase insurance… Read More

November 30, 2022 @ 9:57 pm By Omar Faridi  |  

Adyen (AMS: ADYEN), the global financial technology platform of choice for leading businesses, announces that software as a service (SaaS) platform, Moneybird, is the latest customer “utilizing its newly launched suite of embedded financial products.” Designed to simplify accounting processes for entrepreneurs, Moneybird facilitates bookkeeping… Read More

November 30, 2022 @ 9:54 pm By Omar Faridi  |  

InvestCloud, which claims to be the global leader in financial digital transformation, announced that Huntington National Bank has “launched Advisor Connect, a branded, digital experience built on InvestCloud’s Find My Advisor technology.” Huntington is “a subsidiary of Huntington Bancshares Incorporated (Nasdaq: HBAN), a $179 billion… Read More

November 30, 2022 @ 7:45 pm By Omar Faridi  |  

Payment service provider Clik2pay is announcing a collaboration with Inovatec, North America’s leader in lending process automation. This collaboration will “make it possible for Inovatec’s clients to request payment from customers using Clik2pay’s direct-from-account payment platform.” This is done safely and securely “using Interac e-Transfer,… Read More