July 9, 2024 @ 12:11 pm By Omar Faridi  |  

Volante Technologies, the global enabler of payments as a service, announced that Azqore, a business and technology partner for wealth managers, has selected Volante’s Payments as a Service (PaaS) to deliver SEPA instant payments and ISO 20022 messaging services to its customer base. Azqore and… Read More

July 9, 2024 @ 11:09 am By JD Alois  |  

There has been a good amount of discussion regarding Mt Gox releasing (finally) Bitcoin held by the platform, along with reports that Germany is selling Bitcoin on the open market. The additional supply of Bitcoin has impacted the price of the world’s most popular digital… Read More

July 9, 2024 @ 10:50 am By JD Alois  |  

In her first speech as Chancellor, Rachel Reeves announced a new National Wealth Fund with an objective to invest in “new and growing industries.” The fund is also expected to “catalyse private sector investment.” It has been reported this new fund will be funded with £7.3 billion. At the… Read More

July 9, 2024 @ 10:36 am By JD Alois  |  

StablR, a European digital asset firm based in Malta, is reporting that it has received an Electronic Money Institution (EMI) License and is fully compliant under MiCA to offer a Euro-based stablecoin. Stablecoins are digital representations typically tied to another asset. These digital assets are… Read More

July 9, 2024 @ 9:12 am By JD Alois  |  

Seedrs, based in the UK but operating across the European continent as a securities crowdfunding platform, will rebrand as Republic Europe. Seedrs was founded in 2012 by Jeff Lynn, an American and former corporate attorney at Sullivan and Cromwell, and Carlos Silva as part of a… Read More

July 9, 2024 @ 8:36 am By Omar Faridi  |  

CertiK has released its market update, entitled Hack3d: The Web3 Security Quarterly Report – Q2 + H1 2024. CertiK‘s Hack3d: The Web3 Security Report for Q1 2024 digital assets and blockchain ecosystem update is described as “the industry’s most comprehensive record of statistics and analysis… Read More

July 9, 2024 @ 8:31 am By Omar Faridi  |  

The German government reportedly owns about $2 billion worth of Bitcoin (BTC) and this appears to a matter of concern for cryptocurrency investors. That’s because the nation’s government has been aggressively selling BTC that it had previously seized from an illegal website that has now… Read More

July 9, 2024 @ 8:23 am By Omar Faridi  |  

PensionBee, a London-based online pension provider, has chosen to base its US business headquarters on the east coast of the United States, in New York City. The London Stock Exchange-listed FTSE stock, UK financial technology firm, which has over £5 billion ($6.3 billion) assets under… Read More

July 9, 2024 @ 8:21 am By Omar Faridi  |  

The KPMG and REC, UK Report on Jobs survey, compiled by S&P Global, signalled a further decline in permanent placements in June as general election uncertainty and reduced demand for workers weighed on hiring activity. Companies instead looked to temporary solutions “for their staffing needs,… Read More

July 9, 2024 @ 5:24 am By Omar Faridi  |  

Fraud detection and prevention are critical to many businesses; however, they are of growing importance in the banking and finance sector, including card issuers, banks, credit unions, and lenders, according to a report from Juniper Research. There are many anti-fraud measures that have evolved over time,… Read More

July 8, 2024 @ 6:18 pm By JD Alois  |  

Beyond some of the most vocal policies currently being promoted by former President Donald Trump, the 2024 GOP platform promises to “Make America Great Again” while supporting innovation in the US. As part of the innovation initiative, crypto gets a shout-out—something diametrically opposed to the… Read More

July 8, 2024 @ 3:49 pm By JD Alois  |  

SoLo Funds, a peer to peer lender, has settled allegations brought by the Attorney General of Pennsylvania. In a public statement, the AG claimed that Solo Funds “deceptively led borrowers to belive they were receiving interest free loans.” Allegedly, the loans actually incorporated “outrageously inflated… Read More

July 8, 2024 @ 3:32 pm By JD Alois  |  

Multiple US Senators and House Representatives joined recently to issue an Amicus Brief challenging the Securities and Exchange Commission’s attempt to establish climate rules in regard to reporting firms. The Investor Choice Advocates Network (ICAN), a non-profit that advocates on behalf of investors and entrepreneurs, … Read More

July 8, 2024 @ 2:40 pm By JD Alois  |  

The Financial Technology Association (FTA) has published a policy brief on the issues the association is focusing on to advance innovations in financial services. The FTA represents many different types of Fintechs with names like PayPal, Stripe, Wise, Chime, and other well-known names on the… Read More

July 8, 2024 @ 11:00 am By Omar Faridi  |  

  Kenny Chan, GM at StraitsX, recently shared key insights with Crowdfund Insider. StraitsX is a payments infrastructure for the digital assets space in Southeast Asia. The company is also a Major Payment Institution licensed by the Monetary Authority of Singapore and is part of… Read More

July 8, 2024 @ 10:46 am By Omar Faridi  |  

Chainalysis has been sharing detailed insights on issues related to MiCA’s Stablecoin Regime and its remaining challenges. Despite the extensive work by the EBA and ESMA, in close cooperation with national regulators, Chainalysis points out that MiCA still leaves “some room for interpretation and uncertainty,… Read More

July 8, 2024 @ 10:45 am By Omar Faridi  |  

Evolve Bank & Trust has provided detailed updates on its widely reported cybersecurity incident. Evolve Bank & Trust claims that it is on schedule “to commence individual notifications starting July 8, 2024.” These notifications will include “an offer of two years of comprehensive credit monitoring… Read More

July 8, 2024 @ 10:40 am By Omar Faridi  |  

Cryptocurrency markets continued to decline during this past  week, with the total market cap slipping by 1.3% compared to the previous week, while bitcoin’s dominance remained steady above 53%, the team at Talos noted in their digital assets / blockchain industry recap report. Talos pointed… Read More

July 8, 2024 @ 10:36 am By Tony Zerucha  |  

Viola FinTech, an operator-led global Fintech venture fund, announced this past week that Scott Galit has joined its advisory board. Galit is the former CEO of Payoneer, an international payments platform that partners with freelancers, SMBs, marketplaces, and enterprises, especially in emerging markets. Previously, Galit… Read More

July 8, 2024 @ 10:00 am By JD Alois  |  

  The British Business Bank has announced the Growth Guarantee Scheme, which aims to help smaller businesses access the growth capital. The program is the successor to the Recovery Loan Scheme, which was published today. The Bank said the program is expected to support around… Read More