December 24, 2024 @ 3:40 am By Omar Faridi  |  

Six of Latvia’s investment platforms—Lande, Indemo, ViaInvest, Nectaro, Debitum Investments, and TWINO—have joined forces to form an alliance dedicated to advancing transparency, trust, and innovation in the fintech industry. Together, they are focused on setting a new standard for investor confidence and collaboration in Europe’s… Read More

December 24, 2024 @ 3:37 am By Omar Faridi  |  

Multiverse Computing, a firm focused on value-based quantum and quantum-inspired AI software solutions, announced an investment from the Italian investor in venture capital CDP Venture Capital Sgr, as part of the firm’s Series A round. The investment was carried out via compartments of the Corporate… Read More

December 24, 2024 @ 2:36 am By Omar Faridi  |  

Compound Finance, a DeFi protocol enhancing money markets, has launched a $1 million bug bounty program on Immunefi in order to enhance the security of its platform and ensure the safety of its users. As explained in a blog post by Immuenfi, Compound Finance is… Read More

December 24, 2024 @ 1:34 am By Omar Faridi  |  

Tactical Compute (TACOM), an AI-tech focused investment vehicle that has been launched by Aethir, MetaStreet, and Beam is driving innovation with the first-ever onchain financing deal for decentralized physical infrastructure (DePIN) assets. TACOM’s $3.3 million mobile chip contract, which is leased onchain through Aethir, was… Read More

December 23, 2024 @ 10:09 pm By Michael Wong  |  

The Philippine Securities and Exchange Commission (SEC) has introduced extensive rules governing crypto-assets, covering disclosures, public offerings, trading, and marketing activities. The regulations aim to enhance investor protection and promote transparency in the burgeoning digital asset market. Under the new guidelines, crypto-asset offerings must submit… Read More

December 23, 2024 @ 9:15 pm By Michael Wong  |  

Malaysia retained its position as Southeast Asia’s top data center hub in 2024, attracting $23 billion in investments and solidifying its status as a leading digital hub, Knight Frank said Monday. The global property consultant, in its Data Centre Research Report 2024, noted Malaysia ranked… Read More

December 23, 2024 @ 8:22 pm By Omar Faridi  |  

E-commerce enablement investments increased QoQ, producing $2.7 billion across 96 deals, deltas of 51.4% and -7.7%, respectively. This, according to an update from PitchBook. PitchBook noted in its research report that deal value was “propped up by one outlier deal: Clio’s $900 million Series F… Read More

December 23, 2024 @ 6:17 pm By Omar Faridi  |  

Visa (NYSE: V) announced it has completed its acquisition of Featurespace, a developer of real-time artificial intelligence (AI) payments protection tech that prevents and mitigates payments fraud and financial crime risks. This will bolster Visa’s fraud protection capabilities and enhance security. Visa will now reportedly… Read More

December 23, 2024 @ 5:19 pm By Omar Faridi  |  

MessagePay announced its integration into AKUVO’s Virtual Collector, a key component of the company’s collections platform. AKUVO’s Virtual Collector is designed to empower borrowers to manage their delinquent accounts in a self-service manner, “reducing the need for direct interaction with collection agents.” The integration of… Read More

December 23, 2024 @ 4:46 pm By JD Alois  |  

President-Elect Donald Trump has announced the team that will be leading the tech charge including crypto and Artificial Intelligence (AI). During the Biden Administration, both digital assets and AI development were dissuaded via various means. The anti-tech posture of the Administration pushed multiple prominent VCs… Read More

December 23, 2024 @ 4:32 pm By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Rocket Homes claiming kickbacks for real estate brokers and agents who steered customers to use the platform for mortgages. The CFPB reported that it had also sued Jason Mitchell, his real estate brokerage firm,… Read More

December 23, 2024 @ 4:18 pm By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) recently charged Tai Mo Shan Limited with misleading investors about the stability of Terra USD (UST), a purported “algorithmic stablecoin” issued by Terraform Labs PTE Ltd. (Terraform), when UST dropped from its “purportedly fixed exchange rate of 1… Read More

December 23, 2024 @ 4:07 pm By Omar Faridi  |  

Partially Signed Bitcoin Transactions (PSBT) have gained significant traction within the Bitcoin ecosystem, according to an update from CertiK. CertiK noted in a report that the rise of innovations like Ordinals and inscription-based assets has driven demand for “secure, multi-party signatures and complex transactions, positioning… Read More

December 23, 2024 @ 4:05 pm By Omar Faridi  |  

LexisNexis Risk Solutions, part of RELX, has entered into an agreement to acquire IDVerse, a provider of AI-powered automated document authentication and fraud detection solutions. IDVerse will become part of LexisNexis Risk Solutions Business Services. Founded in Australia and launched commercially in 2018, IDVerse uses… Read More

December 23, 2024 @ 4:00 pm By Michael Wong  |  

Crypto casino platform Winna.com has raised $15 million in a seed funding round, according to Crunchbase. The funds will fuel the platform’s growth and expansion, aiming to revolutionize online gambling through crypto. Since its launch in mid-2024, Winna.com has attracted over 10,000 active players, signaling… Read More

December 23, 2024 @ 12:50 pm By Omar Faridi  |  

Lunar has recently rolled out a major app update, which is described as a game-changer in hyper-personalized banking. Lunar claims that it takes digital banking to the next level with the launch of the app update, 5.0, marking a key moment in the platform’s evolution…. Read More

December 23, 2024 @ 11:48 am By Omar Faridi  |  

A review by the LSB (Lending Standards Board) of its registered firms’ application of the Standards of Lending Practice for business customers has identified 102 areas where action has been needed to “bring firms into compliance with the Standards’ requirements.” The LSB’s FCA-recognized Standards of… Read More

December 23, 2024 @ 11:11 am By Omar Faridi  |  

Wealthfront‘s new S&P 500 Direct portfolio combines the performance of the S&P 500 with the benefit of tax savings and is available for just 0.09% – the same price as the “most popular” ETF that tracks the S&P 500. Wealthfront, a tech-driven financial platform, announced… Read More

December 23, 2024 @ 10:46 am By Tony Zerucha  |  

From Donald Trump’s strategic Bitcoin reserve to the potential for a Santa rally, fintech CEOs had plenty to say about the world’s most popular cryptocurrency this week. Tim Kravchunovsky, founder and CEO of the decentralized telecommunications network Chirp, said it is great to see Donald… Read More

December 23, 2024 @ 10:42 am By Omar Faridi  |  

Bitso— the financial services company powered by crypto in Latin America—listed on its platform the “enterprise-grade” token Ripple USD (RLUSD), a stablecoin with “1:1 parity” with the US dollar, which will now aim to complement the stablecoin offer now available on Bitso throughout fast-growing region…. Read More