May 10, 2022 @ 10:14 am By JD Alois  |  

Global crypto exchange KuCoin has raised $150 million in a pre-Series B round at a valuation of $10 billion, according to the company. In November 2018, KuCoin raised a $20 million Series A. KuCoin was launched in September 2017 and operates a digital asset marketplace… Read More

May 10, 2022 @ 9:30 am By Omar Faridi  |  

The Department of State is offering a reward of “up to $10,000,000 for information leading to the identification and/or location of any individual(s) who hold a key leadership position in the Conti ransomware variant transnational organized crime group.” In addition, the Department is also offering… Read More

May 10, 2022 @ 9:21 am By JD Alois  |  

There has been a certain amount of panic and a large amount of discussion regarding UST (TerraUSD), an algorithmic stablecoin ostensibly pegged to the US dollar, losing its one-to-one valuation. Currently, UST is recovering trading around $0.9273 but in the past 24 hours, UST traded… Read More

May 10, 2022 @ 8:48 am By Omar Faridi  |  

TravelX, the firm focused on building the travel sector’s blockchain-powered distribution protocol, announced a partnership with Kiu System Solutions via Kiu PSS – the comprehensive commercialization solution “for airlines providing tools to manage inventory, reservations and tickets.” As mentioned in an update shared with CI,… Read More

May 10, 2022 @ 8:18 am By Omar Faridi  |  

According to Carta data, the market for secondary liquidity “is still heating up.” Carta recently shared what they know: Q1 2022 saw a 57% increase over Q1 2021 in the number of secondary deals Dollars transacted rose $357M (+95%) over the Q1 2021 total Most… Read More

May 10, 2022 @ 8:16 am By Omar Faridi  |  

Residently, which is focused on “building the brand” for the world’s $2 trillion long term home rental market, has acquired 161% (£2,015,460) of its £1,250,000 target from 481 investors through its crowdfunding campaign carried out via Seedrs (at the time of writing). Located in London,… Read More

May 10, 2022 @ 8:12 am By Omar Faridi  |  

Legaltech company PocketLaw recently confirmed that it has finalized a €10 million Series A round that was led by European venture capital firm, Atomico. Targeting legal services for small and medium-sized firms, PocketLaw’s (software-as-a-service) SaaS platform provides contract creation, legal discovery, execution, storage, and various… Read More

May 10, 2022 @ 12:40 am By Omar Faridi  |  

PeerBerry’s business partner – real estate developer SIB Group – successfully “closed the residential building project ‘Talino’” in Vilnius, the capital of Lithuania. The real estate loan of €1 million, plus an interest rate of €74,490 (total amount of EUR 1 074 490) was reportedly… Read More

May 9, 2022 @ 9:32 pm By Omar Faridi  |  

The Fintech Open Source Foundation (FINOS) recently announced Wellington Management, one of the “largest” independent investment management firms, as its newest Platinum member. In addition, Wellington’s Co-Head, Technology, Madeleine Dassule will “join the FINOS board of directors.” As noted in an update shared with CI,… Read More

May 9, 2022 @ 9:25 pm By JD Alois  |  

Accelerated Payments, an invoice financing and SME credit platform, has appointed Steven Conrad as Vice President of Business Development for North America as the Fintech looks to boost its lending activity on the continent. Conrad will be based in Toronto. Accelerated Payments noted that the… Read More

May 9, 2022 @ 9:11 pm By JD Alois  |  

Genesis, a HNW and institutional crypto prime brokerage, has distributed its April report on digital asset markets and it is rough. According to Genesis, Bitcoin delivered its worst April on record, with a drop of approximately 18%. Of course, we are part way through May… Read More

May 9, 2022 @ 6:47 pm By Omar Faridi  |  

Under the background of the Russian- Ukrainian War and sanctions in western countries, a global commodity crisis is “brewing” and the new global monetary system – Bretton Woods Ⅲ may be developing, said Zoltan Pozsar, an analyst at UBS. A recent report by Huobi Research… Read More

May 9, 2022 @ 6:45 pm By Omar Faridi  |  

The team at digital asset firm Kraken is pleased to confirm that their platform now supports crypto trading with Fetch.ai (FET) and THORchain (RUNE). As noted in an update from Kraken, funding is now live, and trading that started on May 6 at “approximately 14:30… Read More

May 9, 2022 @ 6:43 pm By Omar Faridi  |  

Hilary Wiek, CFA, CAIA Lead Analyst, Fund Strategies & Sustainable Investing, notes that when Pitchbook last reported their benchmark returns, performance “was through June 2021.” The research report also mentioned that vaccines “were available, masks were coming off, and many office workers had resumed their… Read More

May 9, 2022 @ 6:39 pm By Omar Faridi  |  

Pindrop, an international “leader” in voice tech, has announced a partnership with Google Cloud that will enable it “to build and offer new authentication solutions to enhance call center experiences for customers on Google Cloud’s platform.” Pindrop will also make its suite of fraud detection… Read More

May 9, 2022 @ 5:34 pm By Omar Faridi  |  

The team at Coinhako is pleased to confirm that their firm has been granted the Monetary Authority of Singapore’s (MAS) official approval “for a Major Payment Institution (MPI) license.” Securing the full license means that the firm will be able “to legally operate as regulated… Read More

May 9, 2022 @ 5:26 pm By JD Alois  |  

SPACs, once red hot topping the traditional IPO market, have dimmed in recent months as the Securities and Exchange Commission has proposed new rules that may make the financing vehicle less viable. Today, the most prominent investment bank in the US, Goldman Sachs (NYSE:GS), has… Read More

May 9, 2022 @ 4:09 pm By Omar Faridi  |  

Modularized blockchains may offer higher performance and lower costs over time, which could “spur other public chains to implement the same strategy.” This, according to a report by Huobi Research Institute titled “How the Data Availability Layer can Shape the Future of Blockchain.” With the… Read More

May 9, 2022 @ 3:50 pm By JD Alois  |  

Cion Digital reports that it has expanded into Canada to enable auto dealers to support car purchases using crypto. Cion say that crypto may also be utilized for both payments and lending. In a release, Fred Brothers, President, and co-founder of Cion Digital, stated: “With… Read More

May 9, 2022 @ 3:16 pm By JD Alois  |  

Mentum, a Latin American-focused Fintech, has raised a $4.2 million seed round led by Google’s Gradient Ventures. Other investors include Global Founders Capital, TwentyTwo VC, Soma Capital, Y Combinator, and the co-founders of Plaid and Jeeves. Mentum made the announcement last month sharing that they… Read More