November 13, 2024 @ 8:18 am By Omar Faridi  |  

Nic Carter, Co-founder of Coin Metrics, claims that the FDIC is still – post election – insisting on a 15% depository cap on banking institutions that are serving crypto firms (as he has been told). Nic Carter also described the FDIC as an abominable agency…. Read More

November 12, 2024 @ 11:24 pm By Omar Faridi  |  

Nansen establishes partnership with Bitlayer to boost Bitcoin Layer 2 Analytics and Ecosystem Growth. Nansen’s partnership with Bitlayer brings analytics to the Bitcoin Layer 2 ecosystem, enabling insights into transaction trends and project traction, with new features launching soon to support growth and transparency in… Read More

November 12, 2024 @ 10:36 pm By Omar Faridi  |  

KPMG and REC, UK released the latest report on jobs. As noted in the report shared by KPMG, a fall in permanent placements and further slowdown of salary growth in October of 2024. Key findings shared in the research report from KPMG: Steepest decline in… Read More

November 12, 2024 @ 10:33 pm By Omar Faridi  |  

Airwallex joins the Pledge 1% movement to commit company equity and more toward corporate philanthropy through a sustained ongoing model. “Airwallex Impact” will include expansion of company volunteerism, Airwallex for Startups programs and “discounted” product for select nonprofit organizations. Furthering its commitment to innovation, Airwallex… Read More

November 12, 2024 @ 8:23 pm By Omar Faridi  |  

Thunes, which claims to be the Smart Superhighway to move money around the world, today welcomed Papara, Turkey’s fintech company, as a Member of its Direct Global Network, and allies to facilitate cross-border payments to and from Türkiye. This empowers Papara clients in Turkey, allowing… Read More

November 12, 2024 @ 8:22 pm By Omar Faridi  |  

Following the Plan B Forum in Lugano and the Liquid Developer Bootcamp in Viareggio, Blockstream is announcing the opening of a research center in Lugano, Switzerland. The center aims to accelerate the development of financial products enabled by the Liquid Network, working with partners and… Read More

November 12, 2024 @ 8:20 pm By Omar Faridi  |  

SIX will reportedly be expanding its European Exchange Capabilities through the acquisition of Aquis. The boards of SIX Group AG and Aquis Exchange Plc announced that they have entered an agreement on the terms of a “recommended cash offer” to be made by SIX, to… Read More

November 12, 2024 @ 8:19 pm By Omar Faridi  |  

Alpaca has announced the support of FIX messaging as an option for order placement and lifecycle management. Alpaca has claimed that they found success in integrating FinTech companies with their APIs – offering high throughput, low latency API options with enhanced stability, reliability, and scalability…. Read More

November 12, 2024 @ 8:17 pm By Omar Faridi  |  

Nubank (NYSE: NU) has reached 100 million customers in Brazil, a number that represents 57% of the adult population in the country. In May of this year, Nu had reportedly reached this milestone internationall. According to Livia Chanes, CEO of Nubank in Brazil, this achievement… Read More

November 12, 2024 @ 2:05 pm By Omar Faridi  |  

Binance Labs has reportedly invested in Brevis, a ZK-coprocessor platform that unlocks new use cases for apps by allowing verifiable, trust-free computations on historical on-chain data. Brevis’ product, the ZK-coprocessor, empowers smart contracts to trustlessly access and run arbitrary computations on historical on-chain data, such… Read More

November 12, 2024 @ 10:30 am By JD Alois  |  

The Investor Choice Advocates Network (ICAN) has filed a petition with the courts to compel the Securities and Exchange Commission (SEC) to act on a ruling that is said to be harming a client due to an extensive delay. ICAN, a non-profit law firm, and its… Read More

November 12, 2024 @ 9:44 am By JD Alois  |  

Crypto exchange Bitget has re-entered the UK marketplace. According to a statement distributed by the firm, Bitget is now in compliance with Financial Promotion requirements. Bitget issued the following statement back in May of 2024: “As you may be aware, recent regulatory changes by the… Read More

November 12, 2024 @ 9:33 am By Omar Faridi  |  

PitchBook noted in a report that corporate buyers are maintaining an advantage in the upcoming M&A recovery. PitchBook noted some key takeaways in its latest research report: PE-backed M&A activity had been firmly taking up more of the global M&A market over the past 10… Read More

November 12, 2024 @ 9:24 am By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has reportedly fined Metro Bank PLC £16,675,200. The FCA noted that between the timeframe of June 2016 and December 2020, Metro Bank had allegedly failed to have the “right systems and controls” in order to adequately monitor over 60m… Read More

November 12, 2024 @ 6:34 am By Omar Faridi  |  

The Juniper Research team has shared key insights on digital-only banking and other Fintech trends encompassing neobanks and the emergence of Fintech innovations offered via digital banking platforms. The digital banking market is an evolving space, with digital banks racing to get banking licenses, create… Read More

November 12, 2024 @ 6:26 am By Omar Faridi  |  

Payhawk, the spend management solution that empowers businesses to manage and control company spending at scale across 32 countries, has reported 114% YoY consolidated revenue growth for the year ending 2023 including clients such as Gaucho, Myenergi and PensionBee. Following the growth and rising demand,… Read More

November 11, 2024 @ 10:11 pm By Omar Faridi  |  

Akur8, the insurance pricing and reserving solution powered by Transparent ML, is announcing its collaboration with Windward Risk Managers, the company that manages Florida Peninsula Insurance, Edison Insurance, and the newly formed Ovation Home Insurance Exchange. Windward selected Akur8‘s Core Platform solution to enhance their… Read More

November 11, 2024 @ 10:10 pm By Omar Faridi  |  

QCP Trading Pte. Ltd. received an In-Principle Approval (IPA) for a Major Payment Institution (MPI) License from the Monetary Authority of Singapore (MAS). The IPA represents a step toward “full” licensing, allowing QCP Trading to prepare to offer regulated spot trading services for digital payment… Read More

November 11, 2024 @ 7:26 pm By Omar Faridi  |  

Alchemy Pay, a fiat-crypto payment solutions provider, announced that it has secured additional U.S. Money Transmitter Licenses (MTLs) in Minnesota, Oklahoma, Oregon, and Wyoming. These licenses bring Alchemy Pay’s total to 8 U.S. state licenses, following its  approvals in Arkansas, Iowa, New Hampshire, as well… Read More

November 11, 2024 @ 7:23 pm By Omar Faridi  |  

Jumio, a provider of identity verification, risk signals, and compliance solutions, announced its partnership with LatticeFlow AI, a Swiss-based company that enables AI systems. As part of this collab, Jumio will leverage LatticeFlow’s AI platform to “proactively” identify model failure modes, enhance performance and strengthen fraud protection across… Read More