March 29, 2024 @ 4:39 pm By Michael Wong  |  

MyShell, a Tokyo-based innovator in the field of artificial intelligence, announced that it has successfully raised $11 million in a Pre-Series A funding round. This recent injection of capital, led by Dragonfly Capital and supported by a consortium of investors including Delphi Ventures, Bankless Ventures,… Read More

March 29, 2024 @ 4:01 pm By Omar Faridi  |  

Making crypto compliant with existing regulatory frameworks and interoperable with traditional legal and financial systems is “an enormous yet hugely worthwhile task,” according to Binance, which remans the world’s largest crypto exchange in terms of trading volume and overall scope of operations. This, despite having… Read More

March 29, 2024 @ 3:56 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) is looking for new members to add to its Investor Advisory Committee (IAC). Currently, they have five openinings on the Committee that aims to provide guidance to the Commission on items that impact individual investors. The Dodd-Frank Wall Street… Read More

March 29, 2024 @ 3:45 pm By Omar Faridi  |  

The AMF is warning the public against several companies proposing “atypical” investments without being authorized to do so The Autorité des Marchés Financiers regularly updates its black lists of new websites and entities “proposing atypical investments to investors in France without being authorized to do… Read More

March 29, 2024 @ 1:42 pm By Omar Faridi  |  

Derivitec, an independent software vendor with a mission to make quality risk analytics universal and affordable, has established an office in New York following a rapid rise in user numbers amongst its US clients. This significant milestone demonstrates Derivitec’s long-term commitment “to supporting some of… Read More

March 29, 2024 @ 12:38 pm By Michael Wong  |  

Pacific Island nations are poised to harness the digital money revolution to enhance their financial systems, improve financial inclusion, and counteract the decline in correspondent banking relationships, according to research conducted by the International Monetary Fund (IMF). The geographic isolation, small size, and distinct challenges… Read More

March 29, 2024 @ 11:58 am By Omar Faridi  |  

Omnichannel InsurTech Qoala announced the completion of its Series C funding round, raising USD 47 million led by PayPal Ventures and MassMutual Ventures. The investment round was joined “by MUFG Innovation Partners, Ohana Holdings and existing investors, Flourish Ventures, Eurazeo and AppWorks, echoing confidence in… Read More

March 29, 2024 @ 11:43 am By Omar Faridi  |  

HID, a worldwide enabler of trusted identity solutions, in partnership with Temenos, a global provider of banking software solutions, announces a collaboration with Santander International to provide robust and flexible customer authentication for its digital banking platform. Santander International, like all modern financial institutions, “faces… Read More

March 29, 2024 @ 11:03 am By Omar Faridi  |  

PhonePe App users traveling to the UAE can now make payments using UPI at Mashreq’s NEOPAY terminals, available across a wide array of retail stores, dining outlets, as well as tourist and leisure attractions. They simply need to “scan the QR code for seamless and… Read More

March 29, 2024 @ 10:36 am By Michael Wong  |  

Blockhouse Digital, an asset management firm focused on collateralized lending and yield-generating strategies within the cryptocurrency markets, has announced the successful closure of its $2 million seed GP funding round. This financial milestone was achieved with contributions from strategic partners, notably including its institutional OTC… Read More

March 29, 2024 @ 10:14 am By Omar Faridi  |  

The new HCCH Project focused on an extensive study of digital tokens. After the conclusion and decision at its 2024 meeting by the governing body of the HCCH, the Council on General Affairs and Policy (CGAP), the Permanent Bureau has recently begun its work that… Read More

March 29, 2024 @ 9:45 am By Omar Faridi  |  

Integra Insurance and Reinsurance Broking Services is to become the first Turkish broker to roll out CyberCube’s Broking Manager, the cyber risk analytics platform for insurance intermediaries. Integra reportedly holds a key position in the Turkish market “as the leading cyber insurance broker.” It will… Read More

March 29, 2024 @ 9:00 am By Omar Faridi  |  

NewRetirement, a comprehensive, digital-first financial planning platform for consumers and enterprise partners, announced that it has closed its Series A round with $20 million in funding. The funding round was “led by Allegis Capital and joined by Ulu Ventures, Nationwide Ventures, Fin Capital, Frontier Venture… Read More

March 29, 2024 @ 8:55 am By Omar Faridi  |  

Galaxy Digital Holdings Ltd. (TSX: GLXY) released financial results for the three and twelve months ended December 31, 2023, for both itself and Galaxy Digital Holdings LP. Since the end of the fourth quarter 2023, digital asset prices “materially changed and our business has benefited… Read More

March 29, 2024 @ 8:30 am By Omar Faridi  |  

Manhattan US District Court Judge Jed S. Rakoff has given a major blow to Terraform Labs and its founder Do Kwon. Recently, Judge Rakoff dismissed a mistrial bid that was reportedly related to disclosures regarding the Terraform’s alleged deception. The notable decision was announced during… Read More

March 29, 2024 @ 8:20 am By Tony Zerucha  |  

The National Association of Industrial Bankers (NAIB), the American Financial Services Association (AFSA) and the American Fintech Council (AFC) filed a lawsuit in federal court this week, challenging a new Colorado statute they claim violates federal law by imposing interest-rate and fee caps on loans… Read More

March 29, 2024 @ 8:17 am By Omar Faridi  |  

Eaglebrook, a digital asset investment platform that provides registered investment advisors (RIAs) with direct access to bitcoin and other digital assets, announces the launch of the Franklin Templeton Digital Asset Dynamic BTC/ETH separately managed account (SMA) strategy. This strategy, which is specifically designed for RIAs… Read More

March 29, 2024 @ 8:13 am By Omar Faridi  |  

Alchemy Pay has invested in LaPay UK Ltd, a Fintech dedicated to facilitating international business growth for companies. LaPay holds an Authorised Payment Institution (API) License in the UK “with reference number 914920 and is regulated by the UK Financial Conduct Authority (FCA).” The strategic investment… Read More

March 29, 2024 @ 8:09 am By JD Alois  |  

Monzo, a UK-based digital bank, says it now can accept accounts from Limited Companies owned by other firms. These firms may now apply for a business account. In a blog post, Monzo explains that many Limited Companies are owned by individuals, but as the company… Read More

March 29, 2024 @ 7:58 am By Omar Faridi  |  

The UK’s HM Treasury is reportedly considering or looking into possibly making changes to its existing Anti-Money Laundering and Counter-Terrorist Financing (AMLCFT) framework. This may potentially mean that service providers of non-fungible token (NFT) trading platforms could get added within the applicable regulatory framework. At… Read More