September 18, 2022 @ 4:40 pm By JD Alois  |  

Consensys, an Ethereum-focused firm, says the successful Merge for Ethereum has reduced its carbon footprint by 99.99% – higher than initially anticipated. Last week, the Merge completed where Ethereum migrated from Proof of Work (PoW) to Proof of Stake (PoS) thus eliminating the high utilization… Read More

September 18, 2022 @ 4:40 pm By Omar Faridi  |  

Binance Labs, the venture capital arm and accelerator of Binance, has made a strategic investment in Aptos Labs, a next-generation layer-1 blockchain “built with safety and user experience in mind.” This is “a follow-on investment that comes after the first round of funding announced in… Read More

September 18, 2022 @ 4:17 pm By Omar Faridi  |  

Robinsons Bank (RBank), owned by JG Summit Holdings, Inc., one of the Philippines’ largest and most diversified conglomerates, announced that it has chosen BPC as its solution partner to co-innovate, “to drive financial inclusion and digital adoption across the nation.” Using BPC’s SmartVista Platform, RBank… Read More

September 18, 2022 @ 3:42 pm By Omar Faridi  |  

Now that Ethereum (ETH), the world’s largest smart contract platform, has completed the Merge, it’s time to get ready for the next set of Ethereum upgrades – “the Surge, Verge, Purge, and Splurge.” As noted in an update released via an OKX – Okcoin research… Read More

September 18, 2022 @ 2:29 pm By Omar Faridi  |  

LINE NEXT Inc., LINE’s venture dedicated to developing and expanding the NFT ecosystem, announced that it has “opened the beta version of the global NFT platform DOSI, available in 9 languages and in 180 countries.” Named after the Korean word for “city”, DOSI is an… Read More

September 18, 2022 @ 1:12 pm By Omar Faridi  |  

Digital asset firm Kraken is pleased to announce that their platform now supports EthereumPoW (ETHW). As mentioned in an update posted on September 16 by Kraken, ETHW trading “is live and the ETHW token has been distributed to eligible clients.” A further announcement will be… Read More

September 18, 2022 @ 9:42 am By Omar Faridi  |  

After reaching the milestone of 20 million accounts opened, Brazil’s C6 Bank has introduced  an “exclusive” service aimed at the high-income segment. Called Carbon, the new service is free of charge and has a new proposal at the bank: the Carbon Partner, a specialized executive… Read More

September 17, 2022 @ 11:44 pm By Omar Faridi  |  

The European Central Bank (ECB) has selected CaixaBank and four other organizations to collaborate in the development “a prototype of a digital euro.” The institution launched a call with the aim of “selecting entities to develop technology projects associated with the creation of the European… Read More

September 17, 2022 @ 10:41 pm By Omar Faridi  |  

The Bank of Russia and market participants “launched the testing of the digital ruble platform and successfully completed the first digital ruble transfers between individuals.” The creation of a prototype of the digital ruble platform was “finished in December 2021.” Twelve banks announced their readiness… Read More

September 17, 2022 @ 5:17 pm By Omar Faridi  |  

FTX Europe announced that it has received approval from the Cyprus Securities and Exchange Commission (CySEC), to operate “as a Cyprus investment firm (CIF) allowing the Company to fully own the local investment firm it previously acquired.” Patrick Gruhn, Head of FTX Europe, commented: “After… Read More

September 17, 2022 @ 4:27 pm By Omar Faridi  |  

The UK happens to be the “top” European market and is also one of the key global markets for venture capital (VC) funding, according to an update from GlobalData. However, it has been “experiencing a subdued funding activity in the recent months with monthly VC… Read More

September 17, 2022 @ 3:04 pm By Omar Faridi  |  

Deeptech & Banking company Tintra PLC has been awarded a Fintech Services License to operate in the Qatar Financial Centre (QFC), which is described as “a watershed moment as the company expands its build-out worldwide.” Tintra is using artificial intelligence and Web3 technologies “to build… Read More

September 17, 2022 @ 3:03 pm By Omar Faridi  |  

Modern Treasury, a software platform that helps companies modernize money movement, and Goldman Sachs Transaction Banking (TxB) announced a partnership “to accelerate the shift to embedded payments, helping joint customers seamlessly embed and scale domestic and international payments into their products to drive growth.” Modern… Read More

September 16, 2022 @ 9:33 pm By Omar Faridi  |  

Martin Sokk notes that being European, his co-founder Mihkel and him had a front row seat to “how difficult and expensive investing in global markets was.” Martin added that you “have the big banks and professional platforms — but then you’re faced with confusing interfaces… Read More

September 16, 2022 @ 9:18 pm By Omar Faridi  |  

BBVA New Gen, the investment product offered by the Group’s Swiss franchise, has completed its first year of existence. In a move to streamline the onboarding process, the bank now “lets prospective customers sign up online just by uploading a ‘selfie’, after which their identity… Read More

September 16, 2022 @ 7:50 pm By JD Alois  |  

Senator Elizabeth Warren, a Democrat that sits on the Senate Banking Committee, is not convinced about the Biden Administration’s approach to digital assets. In a letter addressed to Janet Yellen, the Secretary of the US Department of Treasury, Senator Warren claims “cryptocurrency poses grave risks to… Read More

September 16, 2022 @ 7:31 pm By Omar Faridi  |  

Kyriba, which claims to be a global leader of Cloud-powered finance and IT solutions, recently announced the launch of Cash Management AI, a solution based on AI, which uses data science tech to predict cash availability with greater speed, control and reliability. The solution enhances… Read More

September 16, 2022 @ 6:50 pm By JD Alois  |  

Marcus, the Goldman Sachs (NYSE:GS) owned digital bank serving consumers in both the US and the UK, is getting some scrutiny from the US Federal Reserve according to reports. The Fed is one of several federal agencies that has regulatory oversight over banks. The Fed… Read More

September 16, 2022 @ 6:07 pm By JD Alois  |  

Currently, the Democrats control the legislative and executive branches of government meaning they should be able to run wild with their legislative agenda. The reality is a bit different though, due to close margins in both the House and Senate and the fact that moderates… Read More

September 16, 2022 @ 5:17 pm By Omar Faridi  |  

Lawrence Wong, Deputy Prime Minister and Minster for Finance, and Monetary Authority of Singapore (MAS) Deputy Chairman, launched the Financial Services Industry Transformation Map (ITM) 2025. The ITM 2025 lays out the growth strategies “to further develop Singapore as a leading international financial centre in… Read More