November 27, 2024 @ 11:22 am By JD Alois  |  

Margarita Finance has raised $1 million in pre-seed funding to target the structured finance market, according to a statement by the firm. The Zurich-based Fintech received the backing of Tomahawk VC, Outrun Ventures, several family offices, including Swiss-based N & V Capital, and market maker… Read More

November 27, 2024 @ 11:11 am By JD Alois  |  

The British Business Bank says it has launched the ENABLE Funding (CEF) program that aims to increase funding to the social impact sector. The Bank states that the initiative is primarily seeks to assist Community Development Financial Institutions (CDFIs), and is expected to provide a… Read More

November 27, 2024 @ 10:56 am By JD Alois  |  

The UK initially expected to reveal new rules to manage the burgeoning stablecoin sector of digital assets this year. In recent days, the UK government revealed that stablecoin rules were being pushed back until 2025, but the change will incorporate broader regulations that will enable… Read More

November 27, 2024 @ 10:26 am By JD Alois  |  

OpenTrade has closed on a $4 million “Seed extension round” as it seeks to build out real-world asset-backed lending and stablecoin yield products. The funding was led by AlbionVC, with a16z Crypto and CMCC Global returning as investors. OpenTrade explains that its services aim to… Read More

November 27, 2024 @ 10:01 am By JD Alois  |  

In 2022, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) targeted DeFi crypto mixer Tornado Cash with sanctions, claiming the platform had laundered over $7 billion. At that time, The Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson, claimed: “Today,… Read More

November 27, 2024 @ 8:37 am By Omar Faridi  |  

Nearly a quarter (22%) of UK adults have experienced card and phone payment issues in the last six months, with over two-thirds saying it’s made them more likely to carry cash, according to research from KPMG UK. Although the majority (76%) of UK consumers are… Read More

November 27, 2024 @ 8:30 am By Omar Faridi  |  

Cardless, a fintech known for co-branded credit card solutions, announced a $30 million investment round led by Activant Capital, along with participation from investors such as Mischief (the fund co-founded by Plaid’s Zach Perret), Industry Ventures, Thayer Ventures, Assurant and Amex Ventures. This reportedly brings… Read More

November 27, 2024 @ 8:27 am By Omar Faridi  |  

Global digital payments company, Checkout.com, announced its expansion into Japan supported by new direct acquiring capabilities. This move reflects Checkout.com’s commitment to delivering payment solutions across APAC, designed to meet the needs of domestic and global merchants. To lead this expansion, Checkout.com has appointed Noriko… Read More

November 26, 2024 @ 11:26 pm By Omar Faridi  |  

Although globally there has been positive moment for insurance technology platofrms, Insurtech funding has continued its downwards trend in certain regions. But APAC has been fairly resilient, according to a BCG report. As India aims for Viksit Bharat by 2047, a stable and resilient financial… Read More

November 26, 2024 @ 11:25 pm By Omar Faridi  |  

This year has seen a number of seemingly positive developments for the cryptocurrency ecosystem, according to an update from Chainalysis. Chainalysis noted in a blog post that in many ways, crypto has continued to gain mainstream acceptance, following the approval of spot Bitcoin and Ethereum… Read More

November 26, 2024 @ 11:24 pm By Omar Faridi  |  

Nu Colombia, a subsidiary of Nu Holdings, confirms that the Colombian Financial Superintendence (SFC) has formally approved its request to consolidate its account and credit operations under the entity Nu. As stated in the update, this latest milestone, which aims to reinforces its long-term vision… Read More

November 26, 2024 @ 11:22 pm By Omar Faridi  |  

Rumble (NASDAQ:RUM), the video-sharing platform and cloud services provider, announced that its Board of Directors has approved a corporate treasury diversification strategy of allocating “a portion of the company’s excess cash reserves to Bitcoin.” This move emphasizes Rumble’s belief in Bitcoin (BTC) as a valuable… Read More

November 26, 2024 @ 11:22 pm By Omar Faridi  |  

Cantor Fitzgerald, which currently maintains the majority of Tether’s $133 billion+ held in reserves, has reportedly negotiated a 5% ownership stake in the stablecoin USDT issuer within the last year (as reported recently by the WSJ). Cantor Fitzgerald Chief Executive Officer and majority owner Howard… Read More

November 26, 2024 @ 11:21 pm By Omar Faridi  |  

Thousands of Americans have reportedly seen their savings vanish following the Synapse fintech crisis. It’s now being reported that many Americans will most likely receive very little or nothing from their savings accounts that had been locked during the major collapse of fintech platform Synapse…. Read More

November 26, 2024 @ 11:20 pm By Omar Faridi  |  

Akur8, the insurance pricing and reserving solution powered by machine learning, is announcing that it has partnered with the American Association of Insurance Services (AAIS), the not-for-profit advisory organization for the Property and Casualty (P&C) insurance industry, to enhance the “quality of their predictive modeling.”… Read More

November 26, 2024 @ 4:38 pm By Omar Faridi  |  

Nick Forster, Founder of onchain options DeFi protocol, Derive ($77.3M TVL, $7.1B total trade volume), noted that in the past 7 days, they’re seeing notable stability in Bitcoin’s volatility, with the 7-day ATM IV “maintaining at 63% and the 30-day ATM IV at 55%.” This… Read More

November 26, 2024 @ 4:35 pm By Omar Faridi  |  

iwoca, one of Europe’s SME lenders, announces access to a £500,000 fund to help small businesses and employees build skills in artificial intelligence (AI) and data analytics. Teaming up with learning provider Multiverse, iwoca can now transfer half of its unused apprenticeship levy (~£250,000) to… Read More

November 26, 2024 @ 1:02 pm By JD Alois  |  

SeedBlink has announced the launch of its secondary marketplace thus providing access to trading in private securities. SeedBlink is a pan-European online capital formation platform that aims to pair retail investors with issuers that have been backed by investment professionals. To kick off the secondary… Read More

November 26, 2024 @ 1:00 pm By Omar Faridi  |  

  Boris Bohrer-Bilowitzki, CEO of digital identity authentication and security enablers Concordium, recently shared his views and insights with CI. Bohrer-Bilowitzki, Concordium’s Chief Executive Officer, discussed whether the crypto and digital assets market can sustain its dramatic increase in value following Donald Trump’s US election victory. In… Read More

November 26, 2024 @ 12:36 pm By JD Alois  |  

The UK recently revealed it intends to pursue comprehensive regulation of the digital asset sector in 2025. This includes the key stablecoin market, which is one of the most robust sectors of crypto. Today, much stablecoin activity incorporates onboarding or an off-ramp for crypto trading—an… Read More