August 1, 2022 @ 9:52 pm By Omar Faridi  |  

Nexi announced a collaboration with Microsoft (NASDAQ: MSFT) intended to innovate virtual payments services and assisting with the digitalization of SMEs, Corporates, Public Administrations and Financial Institutions across European markets via vertical value-added solutions in order to respond to specific requirements as easy to adopt… Read More

August 1, 2022 @ 9:47 pm By Omar Faridi  |  

The team at digital asset firm Kraken is pleased to confirm that their crypto trading platform now supports Crust Shadow (CSM). Customers may now choose to add CSM to their Kraken accounts by simply “navigating to Funding, selecting the asset, and then Deposit.” Trading will… Read More

August 1, 2022 @ 8:27 pm By Omar Faridi  |  

Wise (LSE:WISE), the international tech firm focused on creating the best way to move funds across the globe, recently announced the appointment of Isabel Naidoo as Chief People Officer. Naidoo joins Wise, one of Glassdoor’s best places to work in the United Kingdom, with considerable… Read More

August 1, 2022 @ 8:24 pm By JD Alois  |  

Earlier today, the Federal Trade Commission (FTC) announced it had reached a settlement with Opendoor (NASDAQ:OPEN) that proposed a $62 million settlement from the Proptech firm. Opendoor has agreed to the order. According to the FTC, Opendoor promoted its services by information consumers they could… Read More

August 1, 2022 @ 7:59 pm By Omar Faridi  |  

Fortis, a payment and commerce technology provider for software providers, marketplaces and scaling businesses, recently announced its partnership with Everyware “opening integrated payment acceptance across platforms.” The partnership will “automate enrollment, provide faster cash collection and seamless commerce through various channels.” Fortis’ clients will benefit from… Read More

August 1, 2022 @ 7:42 pm By Omar Faridi  |  

Apifiny, the global cross-exchange digital asset trading network, recently announced the release of Apifiny Algo V1.1, an advanced crypto trading library in C++ “for High-Frequency Trading (HFT) and latency-sensitive traders.” This solution fully “supports futures trading, paper trading through Binance testnet, and has added Coinbase… Read More

August 1, 2022 @ 7:19 pm By Omar Faridi  |  

Komainu, a regulated digital asset custody provider built by institutions for institutions, today announced provisional regulatory approval from the Government of Dubai’s Virtual Assets Regulatory Authority [VARA] to “commence operational readiness even as the application goes through the warranted due diligence in accordance with VARA… Read More

August 1, 2022 @ 5:35 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed charges against Forsage and eleven individuals alleging a cryptocurrency ponzi scam that is said to have pilfered over $300 million from retail investors. According to the SEC’s complaint, in 2020, Vladimir Okhotnikov, Jane Doe aka – Lola… Read More

August 1, 2022 @ 4:38 pm By Omar Faridi  |  

Solana Spaces recently announced the opening of the “first” permanent physical retail, educational, and community space dedicated to Web3 at The Shops at Hudson Yards on Level 2, in Manhattan, New York. Solana Spaces was “founded in 2022 and is based in San Francisco.” Spaces,… Read More

August 1, 2022 @ 12:35 pm By JD Alois  |  

Earlier this year, the Securities and Exchange Commission (SEC), Small Business Capital Formation Advisory Committee (SBCFAC), held a meeting to discuss proposed rules on climate risk disclosure. The meeting addressed potential rule changes initiated by the SEC and championed by SEC Chairman Gary Gensler. When… Read More

August 1, 2022 @ 11:20 am By JD Alois  |  

Latin American Digital bank Nubank (NYSE: NU) has emerged as the largest brokerage in Brazil as it tops 5 million investors. According to a blog post, Nubank has the largest number of active investors on a digital brokerage in the country. Nubank facilitated the investing features with… Read More

August 1, 2022 @ 11:03 am By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC), Securities Industry and Financial Markets Association (SIFMA) and the Investment Company Institute (ICI) have published a “playbook” on T+1 settlement. The T+1 Securities Settlement Industry Implementation Playbook outlines the approach to identifying the implementation activities, timelines, dependencies, and… Read More

August 1, 2022 @ 10:40 am By JD Alois  |  

Grasshopper, a digital bank serving small businesses, including startups, has raised an additional $30.4 million. This brings the total raised to date to $160 million. Grasshopper was approved by the Office of the Comptroller of the Currency for a De Novo charter in May 2019…. Read More

August 1, 2022 @ 10:19 am By JD Alois  |  

Coinshares is reporting that crypto, or digital assets, have booked their 5th consecutive week of inflows after a period of prolonged decline. According to the report, last week digital assets saw $81 million of purchases and a 5 week total of $530 million as investors… Read More

August 1, 2022 @ 9:44 am By JD Alois  |  

Webull, a trading platform that offers both traditional securities as well as crypto, has launched services in Singapore, according to a corporate statement. Singapore residents have been able to trade using Webull since May accessing US-listed equities, ETFs, options, and fractional shares, as well as… Read More

August 1, 2022 @ 9:27 am By JD Alois  |  

GenoCrowd is reporting that it has taken just three days to raise its funding threshold for a real estate project. The “Das Rosenthaler”  property located in Nuremberg and managed by W&L AG, will return 5.5% interest to investors with early backers adding 50 basis points… Read More

August 1, 2022 @ 9:00 am By Omar Faridi  |  

The volume of P2P funding decreased from 511 million Euros in May 2022 to 447 million euros in June 2022, i.e. by 13%, according to an update shared by Robo.cash. The fourth quarter of 2021 “saw significant growth in P2P lending, but so far in… Read More

July 31, 2022 @ 11:49 pm By Omar Faridi  |  

Lending Wokrs is pleased to release their Q2 2022 performance update on their statistics page. In Q2 2022, Lending Works have “continued to focus on understanding the impact of cost of living challenges on [their] active loan customers and the overall impact on portfolio performance.”… Read More

July 31, 2022 @ 10:27 pm By Omar Faridi  |  

ID Finance Spain has published its results for the first half of 2022. The firm has provided the following operational and financial information: Net profit up 25% YOY, to €5m Revenue up 57% YOY, mainly due to the positive performance of MoneyMan’s lending activity in… Read More

July 31, 2022 @ 9:48 pm By Omar Faridi  |  

The Molo Finance team are pleased to announce their strategic partnership with ColCap Financial, which claims to be a leading Australian mortgage lender (that is joining forces with Molo in order to expand into the United Kingdom). The partnership “includes a broader strategic alliance between… Read More