April 2, 2024 @ 9:46 am By Omar Faridi  |  

Open interest for Bitcoin futures, as indicated by recent activity on centralized crypto exchanges, has recorded a new high, a trend that points to a boost in overall trading volumes across the largest cryptocurrency in terms of market cap and global adoption. CoinGlass data reveals… Read More

April 2, 2024 @ 8:59 am By JD Alois  |  

Recently, global investment crowdfunding provider Republic partnered with Stake – a real estate investment platform based in Dubai. This was the first time Republic had announced a collaboration with a Middle East Fintech. Stake  reports over 475,000 registered users from 165+ countries. Apparently, Republic sees… Read More

April 2, 2024 @ 8:50 am By JD Alois  |  

Boxabl will be returning to the crowdfunding market to raise more money. The company has pursued multiple online funding rounds as it seeks to execute its mission of mass-producing affordable prefab housing. According to a recent Form 1-A filed with the Securities and Exchange Commission,… Read More

April 2, 2024 @ 8:27 am By Tony Zerucha  |  

AU10TIX, a global technology provider of identity verification and management solutions, this week announced the expansion of its Digital ID solution, which it says enables businesses to rapidly, accurately and securely verify IDs of all types, including physical, digital, eID, verifiable credentials, and more. The company’s… Read More

April 2, 2024 @ 8:22 am By Omar Faridi  |  

Venture capitalists Marc Andreessen, Galaxy Digital, and Accolade Partners are the main backers of the crypto VC firm 1kx’s most recnet fund. 1kx is reporting $75 million in funds raised via the investment round with Chris Dixon, a partner at Andreessen Horowitz, named as one… Read More

April 2, 2024 @ 8:20 am By JD Alois  |  

After a series of increases in the past few months, Apple Savings (NASDAQ:AAPL) will lower the interest rate paid to account users. The news was first revealed by MacRumors and a reader who tipped off the publication. Reportedly, Apple will be dropping is APY from… Read More

April 2, 2024 @ 7:49 am By JD Alois  |  

iCapital has acquired the investment data firm Mirador. iCapital is an alternative investment marketplace offering a complete suite of tools, reporting more than $180 billion in global platform assets. Mirador services include advisors serving high-net-worth investors, family offices, endowments, and foundations. The company also provides… Read More

April 2, 2024 @ 7:35 am By JD Alois  |  

Three big banks – Lloyds Banking Group, Nationwide, and Natwest, along with Rightmove, have invested in the Proptech firm Coadjute. Lloyds Banking Group led the funding round, investing £3 million of the £10 million total raise. This round brings the company’s total raised to £23… Read More

April 2, 2024 @ 7:21 am By JD Alois  |  

CapitalRise, an online investment platform for prime real estate, has added to its lending and origination teams with the addition of Business Development Director Imogen Willams and the promotion of Ed Groves to Associate. CapitalRise, which recently benefited from institutional funding commitments, said the new hire… Read More

April 2, 2024 @ 7:13 am By Omar Faridi  |  

J.P. Morgan Wealth Management’s Wealth Plan has helped customers create more than 1 million personalized plans. The tool reached this milestone just over a year since its launch. Available for free in the Chase Mobile app and on Chase.com, Wealth Plan is a digital money… Read More

April 2, 2024 @ 7:10 am By Omar Faridi  |  

A recent report released by the US Treasury has called on banking institutions to enhance their risk management controls/frameworks so that they can avoid being overwhelmed by AI-powered fraudsters and malicious cybercriminals. The research report, which is reportedly the end result of an executive order… Read More

April 2, 2024 @ 7:03 am By Omar Faridi  |  

CaixaBank will be part of two European consortia to prevent cyberthreats and provide a faster and more secure response in the face of potential incidents. Via two projects financed by the European Commission under the scope of the Digital Europe programme, the bank will implement… Read More

April 2, 2024 @ 5:12 am By Omar Faridi  |  

The Malaysian card payments market is expected to grow by 10.2% to reach MYR387 billion ($84.9 billion) in 2024, supported by constant consumer shift towards non-cash payments, says GlobalData, a data and analytics company. GlobalData’s Payment Cards Analytics reveals “that card payments value in Malaysia… Read More

April 1, 2024 @ 11:33 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) has launched COSMIC, the first centralized digital platform to facilitate sharing of customer information among financial institutions (FIs) to combat money laundering (ML), terrorism financing (TF) and proliferation financing (PF) globally. The Financial Services and Markets (Amendment) Act 2023… Read More

April 1, 2024 @ 10:41 pm By Omar Faridi  |  

Startups operating in the MENA region have reportedly secured over $250 million in capital during March 2024, according to an update shared by local sources. To be precise, MENA startups acquired $254 million across 54 different deals, which is up considerably by 186% MoM from… Read More

April 1, 2024 @ 7:16 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has posted that it has obtained a final judgment against defendants Ryan Felton, FLiK, and CoinSpark. The SEC had previously charged the defendants in 2020 for two initial coin offerings (ICOs) that were deemed to be fraudulent. Felton, FLiK,… Read More

April 1, 2024 @ 7:06 pm By JD Alois  |  

Tether, the largest issuer of stablecoins, has posted on its blog that it has passed a SOC 2 Type 1 audit. Tether CEO Paolo Ardoino said the compliance measure “assures our customers that their assets and data are managed in an environment meeting the highest… Read More

April 1, 2024 @ 6:56 pm By Omar Faridi  |  

The U.S. transition to a T+1 settlement cycle is two months away, and market participants are continuing preparations as the May 28, 2024, implementation date approaches. Many firms continue to focus “on enhancing operational efficiencies, including the achievement of same-day affirmation.” DTCC analysis shows that… Read More

April 1, 2024 @ 6:50 pm By Omar Faridi  |  

The team at Figment is pleased to announce a continuation of our collaboration with Ledger, bringing Ethereum staking to the Ledger Live application. This collaboration gives ETH token holders “the ability to stake their Ethereum in increments of 32, directly through their Ledger devices.” The… Read More

April 1, 2024 @ 6:48 pm By Omar Faridi  |  

Given the scope of payments being made on a global scale, with each country and region having its own respective payment rails, embedded finance companies have stepped up to enable seamless interoperability between payment rails. This, according to an update shared by the team at… Read More