August 21, 2024 @ 9:54 am By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, has invested in Corn, a platform that claims to be the first super yield network built around Bitcoin. Corn is an Ethereum Layer 2 network focused on establishing a decentralized finance (DeFi) hub for Bitcoin…. Read More

August 21, 2024 @ 9:50 am By Omar Faridi  |  

Bitget, the cryptocurrency exchange and Web3 company, is pleased to announce the integration of Apple Pay and Google Pay into their platform’s payment system. Both integrations enable users to convert fiat to crypto within 30 seconds, “aligning with Bitget’s ongoing efforts to provide secure, efficient,… Read More

August 20, 2024 @ 10:43 pm By Omar Faridi  |  

Unit21, a global risk and compliance leader that proactively mitigates risks tied to fraud, money laundering, and other financial crimes, announced a new bundle of features for Automated Clearing House (ACH) transactions. These features use Generative AI (GenAI) and machine learning (ML) to “help banks,… Read More

August 20, 2024 @ 10:41 pm By Tony Zerucha  |  

SentBe is preparing to launch its individual small-scale overseas remittance service globally. The move follows the launch of SentBiz KRW Collection for businesses needing Korean Won collection and multi-currency settlements within the Korean market. Targeting those who need to send money outside of their country,… Read More

August 20, 2024 @ 8:44 pm By Omar Faridi  |  

Valverde Investment Partners, a Singapore-based independent investment management firm specializing in ASEAN equities, has appointed global Fintech Broadridge Financial Solutions, Inc. (NYSE: BR) to enhance its portfolio management, trade order management, and risk analytics processes. This enhancement will support Valverde’s newest fund launch and “strengthen… Read More

August 20, 2024 @ 3:20 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has settled charges against Equiniti, a transfer agent, for losing clients’ money. Equiniti has paid $850,000 in a civil penalty to settle the charges. According to the SEC, Equiniti was the target of a “threat actor” who pretended to… Read More

August 20, 2024 @ 3:09 pm By JD Alois  |  

bettervest GmbH, a mission-driven online capital formation platform, is raising money on Crowdcube. Based in Germany, bettervest focuses on funding projects in the sustainability sector. According to the offering page, bettervest is looking to raise €200,000 at a pre-money valuation of €6 million. To date,… Read More

August 20, 2024 @ 2:50 pm By Omar Faridi  |  

Bitpanda are pleased to announce that The National Bank of Ras Al Khaimah (RAKBANK) has become the first bank in the UAE to partner with Bitpanda Technology Solutions to unlock digital assets. RAKBANK is one of the major banks in the UAE, and one of the… Read More

August 20, 2024 @ 2:49 pm By Omar Faridi  |  

Intercontinental Exchange, Inc. (NYSE: ICE), a global provider of technology and data, today announced several new enhancements to the Encompass digital mortgage lending platform. As part of its mission of making the path to homeownership – and the experience from then on – as fast,… Read More

August 20, 2024 @ 11:45 am By JD Alois  |  

According to the UK Payment Systems Regulator (PSR), in 2023, approximately 4.5 billion transactions were made using the Faster Payments system. At the same time, over 252,626 cases of APP Fraud (APPF or authorized push payment fraud) were reported, totaling around £341 million. Other reports… Read More

August 20, 2024 @ 9:22 am By JD Alois  |  

Upvest and Deutsche Bank have announced a partnership. Under the partnership, Upvest will gain access to the global bank for multiple services. Upvest is a Fintechs in Europe that provides B2B clients with a range of investment opportunities in the areas of principal broking business,… Read More

August 20, 2024 @ 9:01 am By JD Alois  |  

In the UK there are several tax exemptions which may be available for individual investors to mitigate risk and reduce taxes paid on any return. SEIS, or Seed Enterprise Investment Scheme, is a powerful incentive for investors to support entrepreneurs and boost the UK innovation… Read More

August 20, 2024 @ 8:38 am By Omar Faridi  |  

WSPN (Worldwide Stablecoin Payment Network), a provider of next-generation stablecoin infrastructure, has raised $30 million in seed funding round. This investment round was led by Folius Ventures and Foresight Venture, with participation “from prominent investors including Hash Global, Generative Ventures, RedPoint Capital, and a consortium… Read More

August 20, 2024 @ 6:32 am By Omar Faridi  |  

SwissFortress announced the launch of the Fortress Coin (FC), supporting and maintaining the global Send-to-Name (StN) system, creating a more user-friendly and secure way to navigate the decentralized web. 0.4% of all crypto users claimed their domain “using Unstoppable Domains over the last few years.”… Read More

August 20, 2024 @ 6:30 am By Omar Faridi  |  

Ledger announced that Revolut, one of the world’s leading fintech solutions for digital payments, will join Ledger Live as a buy provider. This collaboration aims to further our mission of complete self-custody “for people’s financial assets and make buying crypto easier and more accessible than… Read More

August 20, 2024 @ 6:27 am By Omar Faridi  |  

Bitwise Asset Management announced the acquisition of ETC Group, a London-based crypto ETP issuer with over $1 billion in assets under management. The news marks Bitwise’s expansion into Europe and “adds nine European-listed crypto ETPs to Bitwise’s broad suite of ETPs, hedge fund solutions, and separately… Read More

August 20, 2024 @ 6:26 am By Omar Faridi  |  

Tether Operations Limited, which claims to be among the largest companies in the digital assets industry, announced that they will be launching U.S. dollar-pegged Tether tokens (USD₮) on the Aptos Network. This integration is part of Tether’s broader strategy “to make digital currency more accessible… Read More

August 20, 2024 @ 4:42 am By Tony Zerucha  |  

The United States Federal Reserve must go big with a supersized 50-basis-point interest rate cut in September to get ahead of a looming economic storm, advises deVere Group founder and CEO Nigel Green. The warning comes as consumer prices in the US inched up modestly… Read More

August 19, 2024 @ 11:32 pm By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant, has launched two new products tapping into retail banks’ core business: everyday spending and saving. Launched in 12 countries across Europe and the US, this marks “a significant step forward in Klarna’s mission to disrupt retail… Read More

August 19, 2024 @ 10:30 pm By Omar Faridi  |  

Adyen (ADYEN:AMS), the global payments platform of choice for many of the world’s leading companies, today announced its expansion in India, following the grant of authorization from the Reserve Bank of India to operate as an Online Payment Aggregator in India for domestic and cross-border… Read More