January 21, 2025 @ 9:27 am By JD Alois  |  

Commissioner Mark Uyeda has been designated the Acting Chair of the Securities and Exchange Commission (SEC) following the inauguration of President Donald Trump and the exit of the Biden Administration. Former SEC Chairman Gary Gensler officially exited his leadership role at the Commission on the… Read More

January 21, 2025 @ 8:23 am By Omar Faridi  |  

SIX, the provider of fund data in Switzerland, announces the acquisition of Swiss Fund Data (SFD). This acquisition supports SIX’s commitment to the Swiss fund market, ensuring the continued provision of “transparent, reliable, and consistent data for both domestic and foreign funds.” SFD plays a… Read More

January 21, 2025 @ 8:21 am By Omar Faridi  |  

The number of UK sectors reporting falling output rose to 11 in December 2024, up from eight in November, and the highest number since September 2023, according to data from the latest Lloyds UK Sector Tracker. The number of sectors with growing demand was “one… Read More

January 21, 2025 @ 8:20 am By Omar Faridi  |  

Brazil’s digital banking platform Nubank (NYSE: NU) is reportedly expanding the feature that rewards holders of the digital dollar USDC to all users of Nubank Cripto in Brazil. As noted by Nubank, this latest expansion allows daily returns on a minimum balance of “10 USDC… Read More

January 21, 2025 @ 8:19 am By Omar Faridi  |  

Revolut, a digital bank claiming over 50 million customers globally has announced the roll-out of In-App calls to personal customers, a security measure to help customers uncover impersonation scams, and make contact between customer support and customers “more reliable and safer.” Impersonation scams are when… Read More

January 21, 2025 @ 8:18 am By Tony Zerucha  |  

Socure, a provider of artificial intelligence for digital identity verification, sanction screening and fraud prevention, this week unveiled research revealing that one in eight Americans (13%) committed first-party fraud over the 2024 holiday shopping season. First-party fraud, sometimes referred to as “friendly fraud,” occurs when consumers exploit return and refund policies… Read More

January 21, 2025 @ 8:17 am By Michael Wong  |  

Amazon has signed an agreement to acquire Axio, a Bengaluru-based digital lending firm that provides credit access to underserved individuals and households across India. The acquisition, which awaits regulatory approval, is expected to bolster Amazon’s footprint in the rapidly growing digital lending market and strengthen… Read More

January 21, 2025 @ 8:13 am By Michael Wong  |  

Singapore-based Bitcoin mining firm BitFuFu Inc. has announced plans to acquire a majority stake in a 51-megawatt (MW) Bitcoin mining facility in Oklahoma. The company has signed a letter of intent for the transaction, which is expected to close in the first half of 2025,… Read More

January 21, 2025 @ 8:08 am By Omar Faridi  |  

UK’s online pension provider PensionBee recently shared comments following the appointment of Torsten Bell MP as Pensions Minister. Lisa Picardo, Chief Business Officer UK of PensionBee, commented: “We welcome the new Pensions Minister to his new role. With his extensive experience in public policy, we’re… Read More

January 21, 2025 @ 8:06 am By Omar Faridi  |  

In 2024, VC investment in Ireland remained stable despite the challenging funding environment. According to the KPMG Venture Pulse report, VC investment picked up in Q4, with “29 deals closing in the quarter worth $255.16 million, compared to 26 deals worth $174.76 million for the… Read More

January 21, 2025 @ 8:06 am By Omar Faridi  |  

Paysend is pleased to share a major milestone with clients: 10 million consumer customers worldwide. According to an update from Paysend, this achievement marks a significant step in their journey to simplify cross-border payments and “create seamless financial connections for everyone, everywhere.” When they started… Read More

January 20, 2025 @ 8:21 pm By Omar Faridi  |  

KuCoin, a global cryptocurrency exchange, is pleased to share the findings from its second edition of the KuCoin Campus Survey, conducted during the Vietnam Technology & Investment Summit (VTIS) 2024. With 926 participants surveyed from Dec 3 to Dec 4, 2024, the results underscore the… Read More

January 20, 2025 @ 3:34 pm By JD Alois  |  

The Small Business & Entrepreneurship Council (SBE Council) says the next four years could be a “Golden Age” for entrepreneurs. While the Biden Administration was not exactly anti-entrepreneur, their policies fell far short of what could have been accomplished, and some policies were actively anti-innovation… Read More

January 20, 2025 @ 3:24 pm By Omar Faridi  |  

Atom bank, the UK’s digital banking platform, released research which highlights a knowledge gap among UK homeowners when it comes to Energy Performance Certificates (EPCs) and the cost of retrofitting. The data reveals that over half (53%) of homeowners are “unaware of their home’s EPC… Read More

January 20, 2025 @ 3:23 pm By Omar Faridi  |  

Binance are pleased to announce that it has reached an agreement with the National Agency of Perspective Projects of the Republic of Uzbekistan (NAPP), which confirms compliance with all applicable local regulatory requirements and authorizes the platform to “provide services to Uzbekistani residents under a… Read More

January 20, 2025 @ 3:14 pm By JD Alois  |  

While Republicans are celebrating the inauguration of Donald Trump as the 47th President of the US, at least one Democrat is ignoring the festive atmosphere in the nation’s capital to lambast the new President. Representative Maxine Waters, the ranking Democrat on the House Financial Services… Read More

January 20, 2025 @ 2:01 pm By Omar Faridi  |  

In recent years, cryptocurrency has become increasingly more mainstream, the team at Chainalysis noted. Although illicit activity on-chain previously revolved heavily around cybercrime, Chainalysis pointed out that cryptocurrency is now also being used to “fund and facilitate all kinds of threats, ranging from national security… Read More

January 20, 2025 @ 10:10 am By Omar Faridi  |  

The US Securities and Exchange Commission has recently announced that, based on its preliminary results, it filed 200 total enforcement actions in the first quarter of fiscal year 2025, which ran from October through December 2024, including “118 standalone enforcement actions.” The Division filed a… Read More

January 20, 2025 @ 10:09 am By JD Alois  |  

Bitcoin bulls are on today as BTC nears $110,000 on the day of the Presidential inauguration. Today, at 12 noon ET, Donald Trump will become the 47th President after serving as the 45th President in an unprecedented return to office following four difficult years under… Read More

January 20, 2025 @ 9:05 am By JD Alois  |  

Fundment, a platform for financial advisors targeting High Net Worth (HNW) individuals, has raised £45 million in Series C funding. Fundment was founded by former Blackrock asset manager Ola Abdul. His goal is to leverage proprietary technology that improves the operations of the 500+ firms… Read More