October 3, 2022 @ 8:58 pm By Omar Faridi  |  

NEFT Brands, a global conglomerate that owns a portfolio of premium alcohol brands, TV productions, live entertainment promotions, celebrity podcasts, apps, and media companies will partner with the decentralized community of Hourglass “to facilitate growth and offer in-house resources.” NEFT Brands and its subsidiary NEFT… Read More

October 3, 2022 @ 7:44 pm By Omar Faridi  |  

Directorate of Enforcement (ED) in India has reportedly frozen the cryptocurrencies WRX (utility token of WazirX) and USDT (Tether, an Ethereum token that is pegged to the value of a U.S. dollar) equivalent to Rs 47.64 Lakhs (appr. $58,000) “under the provisions ofthe Prevention of… Read More

October 3, 2022 @ 7:20 pm By JD Alois  |  

The Financial Stability Oversight Council has published the expected Report on Digital Asset Financial Stability Risks and Regulation. According to the US Department of Treasury, the Council voted unanimously to approve the report in response to President Biden’s Executive Order 14067, “Ensuring Responsible Development of… Read More

October 3, 2022 @ 2:29 pm By Omar Faridi  |  

The team at 83North recently revealed that they closed a $400 million fund, which brings their total capital under management to more than $2.2 billion. This is reportedly their 11th fund, “raised from the same small group of Limited Partners who have supported [them] for… Read More

October 3, 2022 @ 2:17 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has filed a complaint against Adam Todd and four companies he controlled – Digitex LLC, Digitex Limited, Digitex Software Limited, and Blockster Holdings Limited Corporation. Filed in the U.S. District Court for the Southern District of Florida, the CFTC… Read More

October 3, 2022 @ 2:01 pm By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) recently announced insider trading charges against two Canadian software engineers who reportedly “made $1.6 million by trading ahead of non-public, market-moving financial information.” According to the SEC’s complaint, from at least May 2018 to July 2021, Harpreet Saini… Read More

October 3, 2022 @ 12:07 pm By Omar Faridi  |  

Pensions are invested in global stock and debt markets, and therefore “what happens around the world will also be felt in our pensions,” the team at UK’s PensionBee explains. PensionBee wrote in a blog post that September saw “the continuation of the domino effect created… Read More

October 3, 2022 @ 11:44 am By JD Alois  |  

Chetwood Financial, a UK based digital bank that garnered a banking license in 2018, has announced a partnership with Mumsnet, a parenting forum. According to a statement issued by Chetwood Financial, it plans to launch a new family-focused financial services proposition next year. In partnering… Read More

October 3, 2022 @ 11:31 am By JD Alois  |  

Property crowdfunding platform CrowdToLive has launched a securities crowdfunding offer on Seedrs. According to the offering page, CrowdToLive’s initial funding target of £400,000 has already been surpassed and is now in overfunding mode, having raised £467,000 from 100 investors. CrowdToLive is selling equity at a… Read More

October 3, 2022 @ 10:22 am By Omar Faridi  |  

Open Banking-enabled Fintech Currensea has reportedly acquired £2.4 million in capital from VCs Blackfinch Ventures and 1818 Venture Capital. The proceeds will be used to support the Fintech platform’s ongoing growth plans. Currensea, which is the “money-saving” travel card that aims to eliminate the hefty… Read More

October 3, 2022 @ 10:17 am By JD Alois  |  

Boutique investment bank Avolta is out with an interesting report that indicates that France is bucking the trend when it comes to the global drop in venture capital funding for tech. In fact, France is predicted to hit an all-time high in 2022 for VC… Read More

October 3, 2022 @ 9:38 am By JD Alois  |  

The Financial Technology Association (FTA) has hired a new Head of Policy and Government Relations, according to a release. The FTA has appointed Angelena Bradfield to help guide the association’s regulatory and legislative efforts. Bradfield previously was Senior Vice President for AML/BSA, Sanctions and Privacy… Read More

October 3, 2022 @ 8:45 am By JD Alois  |  

Tether, the leading stablecoin based on the US dollar, has provided an update on the assets backing the digital currency. According to a Tweet distributed by Paolo Ardoino, Tether’s CTO, as of September 30, 2022, Tether held approximately 58.1% of assets in US Treasuries up… Read More

October 3, 2022 @ 8:24 am By JD Alois  |  

Global influencer, celebrity, and entrepreneur Kim Kardashian has settled charges with the Securities and Exchange Commission (SEC) regarding allegations of promoting a “crypto asset security” without revealing she was paid for touting the digital asset on social media. The promotion took place in June of… Read More

October 3, 2022 @ 8:06 am By Omar Faridi  |  

MEXC, a global digital asset trading platform, has entered into a partnership to support the launch of “a rollup solution that is secured by the Bitcoin network.” Rollux OPv1 is Syscoin’s first in “a series of planned rollup implementations secured by Bitcoin’s own PoW network.”… Read More

October 3, 2022 @ 7:17 am By Omar Faridi  |  

Tabby, the Middle East’s payments and shopping app, and Paymob, the omni-channel payments facilitator in MENAP, announced their partnership “to fuel growth for retailers in Egypt by enabling businesses across Paymob’s network to benefit from Tabby’s split in four, interest and fee-free payment solution via… Read More

October 3, 2022 @ 6:41 am By Omar Faridi  |  

Buy2Sell, an e-commerce platform in Asia, has announced a new strategic partnership with Mastercard (NYSE: MA). The announcement is “the result of a longstanding relationship where Buy2Sell will enable multiple payment types to a variety of delivery channels via a single connection through Mastercard Cross-Border Services.”… Read More

October 3, 2022 @ 1:00 am By Omar Faridi  |  

Honeycomb confirmed recently that all the share combination (previously announced) between Honeycomb and Pollen Street Capital Holdings Limited, as announced by Honeycomb on 15 February 2022 has “successfully completed.” Chairman Robert Sharpe said: “I am delighted to share that the Combination of Honeycomb and Pollen… Read More

October 2, 2022 @ 11:56 pm By Omar Faridi  |  

The Bank for International Settlements (BIS) and the central banks of Israel, Norway and Sweden are launching Project Icebreaker, a joint exploration of how central bank digital currencies (CBDCs) can be “used for international retail and remittance payments.” Cross-border payments “continue to be plagued by… Read More

October 2, 2022 @ 11:17 pm By Omar Faridi  |  

livi bank, Hong Kong’s lifestyle-driven virtual bank, is launching Travel Now, a simple and easy-to-apply travel insurance plan “to meet the needs of its Hong Kong customers as they decide to travel amid the relaxation of COVID-19 quarantine rules.” This is livi’s first general insurance… Read More