July 25, 2024 @ 1:11 pm By JD Alois  |  

Net inflows into Ethereum (ETH) ETFs since launch have topped $1 billion, according to Coinshares. The company indicates that $1.014 billion has been invested in these funds. At the same time, Grayscale Ethereum Trust, traded on OTC Markets, has seen a decline of $820 million… Read More

July 25, 2024 @ 12:52 pm By Omar Faridi  |  

Bitcoin miners are reportedly shifting towards HPC and AI data business models, according to an update shared by Compass Mining. As noted in a blog post by Compass Mining, Bitcoin miners are now “diversifying into high-performance computing (HPC) and artificial intelligence (AI) data business models… Read More

July 25, 2024 @ 12:49 pm By Omar Faridi  |  

Sygnum, a global digital asset banking group with ~$4.5 billion in client assets, reported that it has reached profitability following a strong H1 2024, with key metrics seeing substantial growth year-to-date (YTD). Business performance is enabled by “expanded trading features and platform, strategic partnerships with… Read More

July 25, 2024 @ 12:38 pm By Omar Faridi  |  

The Malta Financial Services Authority (MFSA) has released a “Dear CEO” letter outlining the results emanating from a thematic review focused on Money Laundering Reporting Officers (MLROs) operating within Company Service Providers (CSPs) set up as corporate entities. As highlighted in the latest rendition of… Read More

July 25, 2024 @ 12:37 pm By Omar Faridi  |  

The UK’s Financial Conduct Authority confirms its plan to protect access to cash for consumers and small businesses. Banks and building societies will need “to weigh up if local communities lack access to cash services, like branches and ATMs, and plug significant gaps, under new… Read More

July 25, 2024 @ 12:33 pm By Omar Faridi  |  

Republican nominee and ex- U.S. President Donald Trump had once referred to cryptocurrencies as a “scam.” But now, Donald Trump will be speaking at an event on Saturday, the last day of the three-day Bitcoin 2024 convention in Nashville. Republican former candidate Vivek Ramaswamy, Senator… Read More

July 25, 2024 @ 12:24 pm By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) is now targeting transaction fees on school lunches.  The CFPB pointed to the approximately 20 companies offering services to school districts nationwide. According to their data, transaction fees average 4.4% of the purchase or around $2.37. While this may… Read More

July 25, 2024 @ 12:06 pm By JD Alois  |  

Robinhood (NASDAQ: HOOD) has added joint brokerage accounts as a feature for their account holders. In a blog post, Robinhood said joint accounts “make investing more collaborative for families and loved ones,” explaining that funds can be combined and thus boost investment holdings. Steve Quirk, Chief… Read More

July 25, 2024 @ 11:09 am By Omar Faridi  |  

U.S. Bank introduced a comprehensive accounts receivable (AR) platform to help suppliers accelerate cash flow, cut costs through automation and deliver better payment experiences. Created in partnership with Billtrust, U.S. Bank Advanced Receivables “brings together the bank’s leading payment and risk management capabilities with Billtrust’s… Read More

July 25, 2024 @ 9:59 am By JD Alois  |  

Described as a “landmark” event, the European Union (EU) and Singapore have inked a Digital Trade Agreement (DTA). The EU states that the goal is to emerge as a global standard setter for digital trade rules. The DTA is said to complement the existing 2019… Read More

July 25, 2024 @ 9:36 am By Omar Faridi  |  

Revolut has received a UK banking license. The global Fintech now enters the PRA’s ‘mobilization’ stage, “having received authorization with restrictions, designed for new banks to complete the build out of their banking operations.” During this mobilization stage nothing changes for Revolut UK customers. Revolut,… Read More

July 25, 2024 @ 9:31 am By Omar Faridi  |  

CB Payments Limited (CBPL) has been fined £3,503,546 by the UK’s Financial Conduct Authority (FCA) for repeatedly breaching a requirement that “prevented the firm from offering services to high-risk customers.” CBPL is part of the Coinbase Group, which operates a cryptoasset trading platform that is… Read More

July 25, 2024 @ 6:38 am By Omar Faridi  |  

On 18th July 2024, a large number of Windows users found themselves caught in what’s being called the “largest IT outage in history.”  Crowdstrike (NASDAQ:CRWD), an IT cyber protection firm, stumbled in an update that caused a global outage. Shares in the firm have dropped… Read More

July 25, 2024 @ 5:00 am By Omar Faridi  |  

Maybank, a partner to two-thirds of Malaysia’s 1.2 million SMEs, has taken a significant step forward in empowering them by automating bookkeeping. This innovative solution frees them to focus “on their core business and allows for a more efficient way of managing their finances, seamlessly… Read More

July 24, 2024 @ 10:19 pm By Omar Faridi  |  

Jumio, the provider of automated, AI-driven identity verification, risk signals and compliance solutions, released new findings from its Jumio 2024 Online Identity Study, revealing growing concern among the general public on the political influence AI and deepfakes may have on Singapore’s next election, and how… Read More

July 24, 2024 @ 10:14 pm By Omar Faridi  |  

Akur8, the insurance pricing solution powered by transparent machine learning, is pleased to announce that Mutual Capital Analytics, a company that uses data and analytics to help regional insurance companies thrive, has selected Akur8’s Core Platform solution to efficiently build high-performing, explainable pricing models. Developed… Read More

July 24, 2024 @ 10:05 pm By Omar Faridi  |  

TransUnion (NYSE: TRU) is announcing a new partnership with SafeGuard Privacy that will help streamline marketers’ vetting for compliance when selecting their third-party audience vendors. As marketers look to grow their brand by reaching their high-value audiences, they increasingly look “to third-party data providers to… Read More

July 24, 2024 @ 10:05 pm By Omar Faridi  |  

To expand existing coverage of Coinbase Institutional products with sample SDKs, Coinbase (NASDAQ:COIN) released the Prime Java SDK and International Exchange (INTX) Java SDK. These SDKs provide essential tools and libraries “to interact directly with Coinbase Prime and INTX.” As noted in a blog post… Read More

July 24, 2024 @ 4:18 pm By Omar Faridi  |  

Three in five people believe that the U.S. is currently in a recession, even though we’re not in one officially, according to new research from Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth. The survey of 2,000 Americans explored… Read More

July 24, 2024 @ 1:24 pm By JD Alois  |  

The House Financial Services Committee has placed two more hearings of note on its calendar. First is a hearing on ESG, or Environmental, Social, and Governance—a buzzy word that took industry by storm only to recede as the nebulous concept emerged as a distracting political… Read More