June 28, 2022 @ 1:25 am By Omar Faridi  |  

Liminal, a wallet operations infrastructure that secures digital assets, has reportedly surpassed $3 billion in transactions via its platform. Established in 2021, this milestone comes “as a reflection of the company’s capacity to scale in a relatively short amount of time,” according to an update… Read More

June 27, 2022 @ 11:34 pm By Omar Faridi  |  

China Construction Bank (Chongqing and Singapore branches) and ADDX have entered a partnership “to help domestic investors in China participate in the country’s official offshore investment scheme.” The financial institutions announced the signing of a memorandum of understanding (MOU) that “paves the way for them… Read More

June 27, 2022 @ 11:33 pm By Omar Faridi  |  

Coinbase (NASDAQ:COIN) recently announced a faster, easier, and “less expensive” way of sending and receiving cryptocurrency via multiple networks, starting with Polygon, Coinbase’s first L2 integration, and Solana. With the ongoing surge in blockchain usage and increase in gas fees, “the process of sending crypto… Read More

June 27, 2022 @ 11:01 pm By Omar Faridi  |  

MEXC Global, which claims to be a leading digital asset and cryptocurrency trading platform, reveals that it has taken steps towards improving the process of crypto purchases by offering investors in 180 countries the option of buying cryptocurrencies using Visa or Mastercard. Visa and Mastercard… Read More

June 27, 2022 @ 10:23 pm By JD Alois  |  

Last week, CoinFLEX announced it was halting all withdrawals as well as trading due to crypto market volatility. At the time CoinFLEX stated that it did not hold counterparty risk with 3 Arrows Capital (3AC) or any lending firm. 3AC, a crypto hedge fund, has… Read More

June 27, 2022 @ 9:47 pm By Omar Faridi  |  

Over a third (39%) of American consumers have “permanently” changed how they pay since early 2020, when the COVID-19 pandemic began, reveals research by specialized payments platform Paysafe (NYSE: PSFE). The study also shows that contactless payments have “gone mainstream.” The consumer research, which was… Read More

June 27, 2022 @ 9:40 pm By JD Alois  |  

Grayscale, a digital asset platform that provides access to retail investors, has posted a letter in advance of the SEC’s 240 day deadline to respond to its request to migrate Grayscale Bitcoin Trust (GBTC) to an exchange-traded fund (ETF). The letter is signed by Michael… Read More

June 27, 2022 @ 9:23 pm By Omar Faridi  |  

Spire, a GCC Open Banking services provider, has announced a partnership with Mastercard (NYSE: MA),  a technology leader in the global payments sector. The collaboration will “help banks revolutionize consumer engagement and enhance user experiences in the region by integrating Spire ‘Ingage’ and Mastercard’s Merchant… Read More

June 27, 2022 @ 9:21 pm By Omar Faridi  |  

Brim Financial, one of the “fastest-growing” Fintechs and a licensed credit card issuer, recently announced a partnership with Air France-KLM in Canada. The joint Air France and KLM’s loyalty program, Flying Blue, will “leverage Brim’s end-to-end technology platform to launch a unique credit card product… Read More

June 27, 2022 @ 5:28 pm By JD Alois  |  

Vertalo, a transfer agent has partnered with Alts.co, an online community for alternative assets. According to a release from the companies, this partnership aims to simplify Alts.co’s investor onboarding process while providing a path to secondary liquidity on an Alternative Trading System (ATS). A listing… Read More

June 27, 2022 @ 4:02 pm By JD Alois  |  

Sam Bankman-Fried is acting once again to take advantage of significantly lower valuations in a struggling marketplace. Rumors claim that Bankman-Fried is looking to purchase Robinhood via his crypto exchange FTX. While no deal yet, the rumblings have caused shares in Robinhood (NASDAQ:HOOD) to rise… Read More

June 27, 2022 @ 2:47 pm By Omar Faridi  |  

Banyan, an investment facilitator for sustainable infrastructure headquartered in San Francisco, has confirmed a $8.2 million Series A round “led by VoLo Earth Ventures with several notable venture capital firms joining the round.” The investment round, which values the company at $47 million, will “enable… Read More

June 27, 2022 @ 2:38 pm By JD Alois  |  

Tether is out with a statement regarding its dollar based stablecoin USD₮. The commentary by Tether may be in response to an interview with SEC Chairman Gary Gensler that took place on CNBC this morning when Tether was discussed by name with Gensler comparing stablecoins… Read More

June 27, 2022 @ 2:08 pm By JD Alois  |  

Three Arrows Capital (3AC) has defaulted on a $670 million loan. Voyager Digital  (TSX: VOYG) (OTCQX: VYGVF) , a digital asset firm that had previously warned it had exposure to 3AC in regards to 15,250 Bitcoin (~$308 million) and $350 million (USDC) for over $650… Read More

June 27, 2022 @ 10:24 am By JD Alois  |  

Shares in crypto exchange Coinbase (NASDQ:COIN) have dropped by over 9% today to around $56/share following a downgrade from Goldman Sachs. Coinbase is not quite at its 52-week low of around $40 a share but they are far off its 52-week high of over $368… Read More

June 27, 2022 @ 9:32 am By JD Alois  |  

Griffin, a banking as a service firm (BaaS), has selected Maria Campbell as its Chief Operating Officer. Campbell has been with the Fintech since 2021 and her prior position was Vice President of People. Her appointment as COO comes after Adam Moulson was announced as… Read More

June 27, 2022 @ 9:21 am By Omar Faridi  |  

Impel and the XDC Network (XinFin) recently announced the launch of Impel, an alternative solutions platform for quickly and securely “sending ISO 20022-compliant financial messages.” It includes the option “to add $XDC as collateral for instant settlement and a bridge to the R3 Corda platform… Read More

June 27, 2022 @ 8:47 am By JD Alois  |  

Securitize, a security token issuance platform and digital security trading market, has announced its expansion into Europe. Securitize has been approved by the Spanish General Secretariat of the Treasury and International Finance to enter its experimental program or Fintech sandbox where Securitize will serve a… Read More

June 27, 2022 @ 7:51 am By Omar Faridi  |  

Mission Lane, a “purpose-driven” financial technology company, recently launched a series of product enhancements for its Earn app “to help people grow and optimize their income through a gig work discovery engine and an automated income tracker.” Mission Lane aims to “provide high-quality, transparent, and… Read More

June 27, 2022 @ 7:48 am By Omar Faridi  |  

Cion Digital, developers of the enterprise SaaS blockchain orchestration platform, recently announced the appointment of senior executive Sundar Nagarathnam as Chief Operating Officer. Sundar will play “a dynamic role in accelerating execution and innovation as the company pushes forward on its growth and expansion goals.”… Read More