June 20, 2024 @ 8:25 am By Omar Faridi  |  

Gemini is serving as the custodian for a “landmark” ether staking ETF fund launched recently by Purpose Investments, following the development of custom custody infrastructure that will enable third-party staking from Gemini Custody. The fund, Purpose Ether Staking Corp. ETF (“ETHC.B”), is said to be… Read More

June 20, 2024 @ 7:12 am By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, has invested in Rango, a cross-chain decentralized exchange (DEX) and bridge aggregator. Rango’s interoperability enables easy transacting “across diverse blockchain ecosystems to drive DeFi growth.” With its expansive capabilities and support for major blockchains including… Read More

June 20, 2024 @ 6:55 am By Omar Faridi  |  

H1 2024 has reportedly been the biggest start to the year in CoinList history. The token launch meta shifted “from high FDV launches via airdrops to sales (fixed, node, auctions) and community rounds.” At CoinList, they’re committed to “offering their community the same, or better,… Read More

June 19, 2024 @ 11:36 pm By Omar Faridi  |  

European investment platform Debitum has shared its latest investments updates for the month of May 2024. At the beginning of May, a new Debitum secured Notes Issuer – company Foresto LLC – joined the platform and “issued its first Debitum Notes.” Debitum Investments (DN Operator… Read More

June 19, 2024 @ 11:11 pm By JD Alois  |  

The VanEck Bitcoin ETF (ASX:VBTC) traded on the Australian Stock Exchange (ASX) today, following the lead of the US. VanEck said the exchange-traded fund was the first and most cost-effective Bitcoin ETF on ASX. Other sponsors are expected to enter the Australian market with a… Read More

June 19, 2024 @ 10:38 pm By Omar Faridi  |  

LendingClub (NYSE: LC) has reportedly surpassed $3 billion in loans sold via its structured certificates program. LendingClub Corporation, the parent company of LendingClub Bank, which claims to be one of America’s leading digital marketplace banks, recently announced that it has surpassed $3 billion in loans… Read More

June 19, 2024 @ 9:35 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) and the National Bank of Cambodia (NBC) announced the start of the Financial Transparency Corridor (FTC) initiative between Singapore and Cambodia. The FTC commemoration event was “held at Istana, Singapore, and was presided over by Lawrence WONG, Prime Minister… Read More

June 19, 2024 @ 8:37 pm By Omar Faridi  |  

Central bank digital currencies or CBDCs can boost Middle East’s financial inclusion, payment efficiency, according to a comprehensive update from the IMF. 19 countries in the Middle East and Central Asia are exploring issuing a CBDC, the IMF update noted. Almost two-thirds of countries in… Read More

June 19, 2024 @ 7:51 pm By Omar Faridi  |  

Nium, a Fintech providing real-time global payments, announced a collaboration with Air France and KLM to power “closed loop” electronic payments between the airlines and selected travel agents. The Nium Airline Payments Solution (NAP) provides “an alternative to travel agent card transactions, using a private… Read More

June 19, 2024 @ 7:12 pm By Omar Faridi  |  

Corpay, Inc. (NYSE: CPAY), a global firm focused on corporate payments, is announcing the latest expansion of its Cross-Border business with the establishment of a new office in Auckland, New Zealand. This expansion reinforces the company’s strategic position in “the payment industry and strengthens its… Read More

June 19, 2024 @ 5:21 pm By Omar Faridi  |  

Brex, the all-in-one financial stack, launched new digital banking products and a number of updates to its flagship business account, giving founders access to capital where and when they need it. This launch makes Brex the “only” spend management platform “to marry corporate cards, expense… Read More

June 19, 2024 @ 4:46 pm By Omar Faridi  |  

The UK has reportedly reached 150 million contactless cards issued, according to an update from UK Finance. UK Finance’s Card Spending Update for March 2024 shows “that contactless cards now account for 93 percent of those in issue.” UK Finance recently released its card spending… Read More

June 19, 2024 @ 4:34 pm By Omar Faridi  |  

wefox investors have reportedly proposed €25 million capital injection to potentially stop the Ardonagh deal. London-listed Chrysalis Investments is said to be among the shareholders expected to provide €25 million into what was once one of Europe’s largest Insurtech firms, Sky News reported. Two of… Read More

June 19, 2024 @ 1:37 pm By Omar Faridi  |  

Some business professionals tend to have an aggressive approach to their competition. However, Affirm (NASDAQ: AFRM) CEO Max Levchin claims that he has somewhat of a more balanced approach. In statements shared with Yahoo Finance, Levchin explains: “I think one lesson I learned over the… Read More

June 19, 2024 @ 12:44 pm By Omar Faridi  |  

Gofingo Group has reportedly repaid PeerBerry investors €350,000 in war-affected loans. These repayments are being processed on the PeerBerry platform “every month in the middle of the month.” Aventus Group’s war-affected long-term loans are repaid “monthly under the initial loan schedules.” In 28 months of… Read More

June 19, 2024 @ 12:41 pm By Omar Faridi  |  

BlackRock (Nasdaq: BLK) recently noted that there’s broad agreement among portfolio managers that a concentrated group of AI winners “will drive returns over a short-term tactical horizon.” BlackRock also mentioned in a recent market update that US stocks reached record highs and bond yields fell… Read More

June 19, 2024 @ 12:26 pm By JD Alois  |  

A report from the UK indicates that more than 50% of consumers benefit from Open Banking but do not know it. The research claims a “clear disconnect between recognition and use of Open Banking.” Open Banking or Open Finance is mandated in the UK. This… Read More

June 19, 2024 @ 10:51 am By Omar Faridi  |  

Blockchain and smart contract development firm Consensys has shared an important update via social media, noting that Ethereum (ETH) has “survived” the SEC. ConenSys confirmed that they are announcing a major win for Ethereum developers, technology providers, and industry participants. ETHEREUM SURVIVES THE SEC. Today… Read More

June 19, 2024 @ 9:13 am By Omar Faridi  |  

Lunar and SAS have partnered in order to launch Scandinavia’s debit card with EuroBonus points. The two Scandinavian companies, Lunar and SAS, have entered a new partnership. They are launching a debit card that allows you “to earn EuroBonus points on daily purchases from trips… Read More

June 19, 2024 @ 7:53 am By Omar Faridi  |  

Bondora Group has released their latest platform stats for the month of May 2024. In addition to the usual investment, origination, and new investor stats, Bondora has also shared other key details. As noted in a blog post by Bondora, 2,166 more people reportedly “created… Read More