June 15, 2022 @ 9:45 am By JD Alois  |  

Tether has moved to counter “rumors” that 85% of its commercial paper is Chinese or  Asian and trading at a 30% discount thus calling into question its reserves. Tether or USDT is the number one dollar-based stablecoin and has endured a challenging market having largely… Read More

June 15, 2022 @ 9:26 am By JD Alois  |  

tZERO, a digital asset marketplace, has announced the appointment of two individuals to its board of directors. Edwin Marcial, former Senior Vice President and founding Chief Technology Officer of Intercontinental Exchange (NYSE: ICE), and Michael Blaugrund, Chief Operating Officer of the New York Stock Exchange… Read More

June 15, 2022 @ 8:44 am By Omar Faridi  |  

2021 was the year of considerable growth for PeerBerry, the company claims. The platform has “almost tripled within the previous year.” PeerBerry’s loan portfolio “grew 2,77 times or 177% exceeding EUR 85,43 million at the end of the year 2021.” Last year, through the PeerBerry… Read More

June 15, 2022 @ 8:42 am By Omar Faridi  |  

Last September, CoinList had announced CoinList Karma, a point system that “recognizes user contribution to token networks on CoinList through value-add activities.” A high Karma score “helps users qualify for the Priority Queue — an invite-only queue for CoinList token sales that is significantly shorter… Read More

June 15, 2022 @ 8:40 am By Omar Faridi  |  

TD Bank Group recently announced the launch of TD Payment Plans, a new credit card feature available “to eligible TD cardholders with EasyWeb online banking access.” With TD Payment Plans, eligible TD cardholders “can enroll qualifying purchases of $100 or more into equalized monthly payments,… Read More

June 15, 2022 @ 7:55 am By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) recently issued revised Guidelines on Business Continuity Management (BCM) for financial institutions, to help them strengthen their resilience “against service disruptions arising from IT outages, pandemic outbreaks, cyber-attacks and physical threats.” The revisions take into account learnings “from the… Read More

June 15, 2022 @ 1:42 am By Omar Faridi  |  

Wirex, a crypto payments firm, has made their recently launched non-custodial wallet more accessible to APAC users “after releasing a new payment method.” The addition of instant bank transfers and local payment systems for Indonesian and Malaysia customers “to purchase crypto on the app will… Read More

June 15, 2022 @ 12:40 am By Omar Faridi  |  

Amber Group, a global digital asset platform, announced its acquisition of Celera Markets Limited, a “fully” licensed financial group by the Securities and Futures Commission (SFC) of Hong Kong. The acquisition represents “a significant milestone for Amber Group, as it continues to strengthen its product… Read More

June 14, 2022 @ 11:34 pm By Omar Faridi  |  

LHV UK, a banking services provider to more than 200 Fintech and crypto firms, is pleased to announce its Confirmation of Payee (CoP) service is currently live for all its direct clients. Introduced in July 2020, CoP is a fraud prevention system that’s led by… Read More

June 14, 2022 @ 11:32 pm By Omar Faridi  |  

Algorithmic stablecoins became the “focal point” of the crypto industry in May, following the depegging of UST from the US dollar “which triggered the LUNA bloodbath,” the team at Huobi notes. The report from Huobi pointed out that this had “a knock-on effect on other… Read More

June 14, 2022 @ 6:40 pm By JD Alois  |  

SeedInvest, a leading securities crowdfunding platform in the US that is expanding its business into Europe, has published a timely blog post addressing the challenging fact that most startups fail. In fact, SeedInvest points to data that indicates that 90% of all startups fail. That… Read More

June 14, 2022 @ 6:13 pm By JD Alois  |  

Arc, a Fintech providing “revenue-based financing” (RBF), has partnered with Stripe to offer a new product “Arc Treasury.” Arc’s founders Stripe is the global Fintech and well-known transaction and banking-as-a-service provider (BaaS). Arc’s founders, Don Muir and Nick Lombardo came from VC and PE backgrounds… Read More

June 14, 2022 @ 6:01 pm By Omar Faridi  |  

Fundvest is a solution for consumers who are looking to grow their wealth. It is a user-friendly savings and investments platform that aims to assist clients with focusing on their long-term financial strategy. It will provide access to EU and US stock exchanges and maintain… Read More

June 14, 2022 @ 4:21 pm By Omar Faridi  |  

CaixaBank and Microsoft (NASDAQ: MSFT) have established a joint innovation agreement with the aim of “promoting the application of Artificial Intelligence (AI) in new financial solutions, as well as creating new innovative work environments located in the Metaverse.” The agreement involves the launch of an… Read More

June 14, 2022 @ 4:10 pm By JD Alois  |  

Celsius has posted a brief update on its radical step this past weekend to halt all withdrawals. Via Twitter, Celsius stated: “[We are] working as quickly as possible and will share information as and when it becomes appropriate. Acting in the interest of our community… Read More

June 14, 2022 @ 3:22 pm By Omar Faridi  |  

Lemonade (NYSE:LMND), the digital insurance firm “powered by social impact,” recently announced the launch of Lemonade Car in Ohio. The Buckeye state “marks the third state to feature availability of Lemonade’s newest environment-friendly product.” With an increasing presence of electric vehicle infrastructure and growing startup… Read More

June 14, 2022 @ 2:19 pm By JD Alois  |  

Coin Center, the not-for-profit digital asset advocacy group, has sued the US Department of Treasury. According to a blog post from several days ago, Coin Center has taken umbrage to a portion of the Infrastructure Investment and Jobs Act, signed into law in 2021, that… Read More

June 14, 2022 @ 1:41 pm By Omar Faridi  |  

Fnality International has appointed Olga Zoutendijk as Chair of the Board of Directors. Olga will be responsible for overseeing Fnality International’s ongoing development and the launch of its global, regulated network of distributed financial market infrastructures (dFMIs), the first of which is scheduled for later… Read More

June 14, 2022 @ 12:30 pm By Omar Faridi  |  

The HBAR Foundation and Merkle Science, the predictive crypto risk and intelligence platform, have announced their partnership. This collaboration “supports Hedera’s journey to build the world’s first mass-adopted public decentralized ledger, empowering network participants to better identify and mitigate crypto crime, comply with local and… Read More

June 14, 2022 @ 11:25 am By Omar Faridi  |  

SurePay, the Confirmation of Payee provider, announced that it has supported Virgin Money with the implementation of its UK Confirmation of Payee solution in order to protect consumers against fraudulent activities and misdirected payments. Confirmation of Payee is a way of giving users more assurance… Read More