December 28, 2024 @ 2:31 pm By Omar Faridi  |  

PitchBook has shared its H2 2024 VC Tech Survey: Investor Insights on AI, Dealmaking, and Fundraising. PitchBook has noted that in this update VCs highlight stable deals, decode AI and deep tech trends, express sector “saturation concerns,” and describe how priorities are shifting to “underinvested… Read More

December 28, 2024 @ 11:36 am By Omar Faridi  |  

The authorities in France are taking action to combat the phenomenon of financial crime (including major scams and fraudulent activities) catching out an increasing number of individuals. The Paris Public Prosecutor’s Office, the Autorité des Marchés Financiers (AMF), the Autorité de Contrôle Prudentiel et de… Read More

December 28, 2024 @ 11:31 am By Omar Faridi  |  

Milan based Habacus has reportedly finalized a $5 million seed funding round in order to offer students / learners an ecosystem of services, including various financial services and products. Habacus, the Milan-headquartered student service ecosystem, has raised the new funding in order to develop its… Read More

December 28, 2024 @ 11:31 am By Michael Wong  |  

Vancouver-based bookkeeping service Bench Accounting has announced its sudden closure, potentially putting hundreds of staff out of work. The company, once billed as North America’s largest small-business bookkeeping service, posted a “notice of closure” on Friday stating the platform is “no longer accessible.” Bench acknowledges… Read More

December 28, 2024 @ 9:45 am By Omar Faridi  |  

Estateguru CEO Mihkel Stamm recently stated that their goal is to surpass €1 billion in total loan volume. The total volume of loans issued by investors on the Estateguru platform over the course of its roughly 10-year operation “may exceed the €1 billion mark next… Read More

December 28, 2024 @ 9:36 am By Omar Faridi  |  

Compass Mining shared its Bitcoin Mining Industry Report for the past month along with key operational updates. Bitcoin, the flagship cryptocurrency, surpassed $100,000 for the first time on Thursday 5 December, 2024, marking a significant milestone in the realm of digital assets and “even recognized… Read More

December 27, 2024 @ 4:25 pm By JD Alois  |  

Any issuer of securities using the Reg D exemption must file a document with the Securities and Exchange Comission 15 days after the first sale of securities. The two-page document is super simple to complete, and no follow-up filings are required. This simplicity has helped… Read More

December 27, 2024 @ 4:06 pm By JD Alois  |  

Do Kwon, founder of Terraform Labs and the issuer of TerraUSD, will be extradited to the US, according to a Bloomberg report. Kwon and his business helped to crush crypto markets after his algo-based “stablecoin” TerraUSD ended up not so stable. Billions were vaporized in the… Read More

December 27, 2024 @ 3:28 pm By Omar Faridi  |  

As the year 2024 comes to a close, it’s wise for financial institutions and Regtech (regulatory technology) providers to pause and assess the evolving sanctions landscape, particularly with the U.S. preparing to transition to a new administration in 2025. This, according to an update from… Read More

December 27, 2024 @ 3:27 pm By Omar Faridi  |  

authID (Nasdaq: AUID), a provider of biometric identity verification and authentication solutions, announced it has become a member of the Accountable Digital Identity Association (ADIA), an open industry association created to drive the development of a standardized, interoperable framework for decentralized identity services to “ensure… Read More

December 27, 2024 @ 10:37 am By JD Alois  |  

Silicon Prairie has dumped its Funding Portal designation and is migrating all current offerings to its Broker-Dealer. FINRA regulates both Broker-Dealers and Funding Portals. A Funding Portal is kind of like a broker-dealer light. This new type of intermediary was created under the JOBS Act… Read More

December 27, 2024 @ 10:06 am By Omar Faridi  |  

The Nomic DAO Foundation announced the official launch of a fee-free on-and-off ramp for Bitcoin (BTC) on Osmosis, the “decentralized” exchange (DEX) within the Cosmos ecosystem. Approved by the Nomic DAO and Osmosis DAO through a revenue sharing agreement, Osmosis and Nomic have created a… Read More

December 27, 2024 @ 10:01 am By Tony Zerucha  |  

Wire Network, a blockchain purpose-built for the AI agent economy, has officially launched its alpha testnet, which enables AI agents to transact across global industries from finance to gaming. Unlike current cryptosystems that can be slow, costly, and centralized, Wire Network said its Universal Transaction… Read More

December 27, 2024 @ 9:49 am By Omar Faridi  |  

Lazarus’ key operation – “Operation DreamJob” – continues to evolve with sophisticated tactics (involving malware and malicious activities) that have persisted for over five years, according to Kaspersky‘s Global Research and Analysis Team. The targets reportedly include workers from a nuclear-related organization, who were infected… Read More

December 27, 2024 @ 9:43 am By Omar Faridi  |  

Wise Platform noted that during the past year, they’ve expanded their global payments network and made some upgrades to their products, giving clients more ways to deliver better cross-border payment experiences. Wise Platform, a part of UK-headquartered Fintech Wise (LSE:WISE), expanded their direct connections to… Read More

December 27, 2024 @ 8:52 am By Omar Faridi  |  

Lloyds Banking Group has shared the Halifax UK housing / property market review and outlook for real estate in 2025. Here are the key takeaways from the extensive research report on the United Kingdom‘s property market: UK housing market beat expectations in 2024, with recovery… Read More

December 27, 2024 @ 8:51 am By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant has expanded their partnership with Woo, the flexible, open-source e-commerce solution built on WordPress, by making Klarna a default payment option for merchants using WooPayments. Under the expanded partnership Klarna will aim to become a network… Read More

December 26, 2024 @ 9:46 pm By Omar Faridi  |  

One Inc, the payments network for the insurance industry, announced that GoAuto Insurance, selected One Inc’s ClaimsPay and PremiumPay products for a “fully” integrated and digitized policyholder payment experience. This integration enables GoAuto’s workflow by leveraging One Inc’s inbound and outbound payment capability, consolidating all… Read More

December 26, 2024 @ 9:27 pm By Omar Faridi  |  

Stablecoins are a trillion dollar opportunity and that is not hyperbole, according to an extensive update from Pantera Capital. Although crypto is often thought of for its volatility, tokens, and liquidity-profile, Ryan Barney and Mason Nystrom from Pantera Capital pointed out that the other side… Read More

December 26, 2024 @ 8:26 pm By Omar Faridi  |  

Zid, Saudi Arabia’s commerce enablement platform, has unveiled ‘Total Commerce’ – which is described as a unified ecosystem redefining digital retail – at Ripple 2024. The development is said to be important for retail innovation in Saudi Arabia and across the region as well. Sultan… Read More