March 19, 2024 @ 11:24 am By JD Alois  |  

Genesis Global Capital, LLC has settled charges filed by the Securities and Exchange Commission (SEC) that emerged due to the Commission’s claims that its Gemini Earn program involved the sales of securities. The Earn program, powered by Genesis, allowed crypto investors to generate income while… Read More

March 19, 2024 @ 10:18 am By JD Alois  |  

Luxembourg-based Tokeny has revealed a partnership with Moreliquid to tokenize the HSBC Euro Liquidity Fund. Moreliquid is a digital securities investment platform. Tokeny is a tokenization platform that enables issuers and other firms to enable digital securities. The Moreliquid Money Market EUR (MMMEUR) aims to… Read More

March 19, 2024 @ 9:36 am By JD Alois  |  

Global online investment platform OurCrowd is reporting that its Israel Resilience Fund is now over $17 million in investor commitments. The OurCrowd Israel Resilience Fund was announced in November 2023 following the invasion by Hamas and the horrific atrocities committed by the terrorists. At that… Read More

March 19, 2024 @ 9:19 am By JD Alois  |  

LarrainVial, one of the largest financial services groups in Chile, has acquired a 25% ownership stake in Aubrey Capital Management. The investment is part of a strategic partnership between the two firms. Aubrey, based in Edinburg and London, is a specialist boutique manager primarily focused… Read More

March 19, 2024 @ 8:55 am By Omar Faridi  |  

Privat 3 Money (P3), which claims to be one of the UK’s Wealthtech innovators, has  released a significant update to its advanced mobile trading platform. In its continued commitment to providing a holistic financial experience, P3 has now integrated a live news feature into its… Read More

March 19, 2024 @ 8:53 am By Omar Faridi  |  

Revolut Business, the “borderless” financial super app for businesses, recently noted that they are focusing on markets in Malta. Revolut Business says they’re bringing clients the “one and only” platform they need to manage their business finances, so customers can: Exchange, send, and spend money… Read More

March 19, 2024 @ 8:46 am By Omar Faridi  |  

nCino, Inc. (NASDAQ: NCNO), a firm focused on Cloud banking for the global financial services industry, announced that it has signed a definitive agreement to acquire DocFox, a solution provider automating onboarding experiences for commercial and business banking. DocFox’s technology helps simplify and automate “the… Read More

March 19, 2024 @ 7:14 am By Omar Faridi  |  

CoinShares International Limited (Nasdaq Stockholm: CS), the European investment company specializing in digital assets, announced the completion of its acquisition of Valkyrie Funds LLC, the investment advisory business of Valkyrie Investments Inc., as well as the Sponsor rights to the Valkyrie Bitcoin Fund, the physically-backed… Read More

March 19, 2024 @ 7:07 am By Omar Faridi  |  

Generative AI firm, Hazy, and Open Banking data ownership platform, Unbanx, announced today the launch of the ethical data cooperative comprising synthetically generated financial transaction data. Transaction datasets provide analysts, hedge funds and other financial institutions with invaluable insights “into behaviors and trends which drive… Read More

March 19, 2024 @ 3:15 am By Omar Faridi  |  

The top AI crypto countries in 2024 are the US, which accounted for 18.9% share of global interest in the narrative, followed by the UK (9.1%) and Türkiye (6.5%), according to a report from CoinGecko. The US and UK also led the meme coin craze… Read More

March 19, 2024 @ 3:00 am By Omar Faridi  |  

Through a new agreement between the CommBank or Commonwealth Bank and Smartgroup, customers will be able “to gain access to CommBank’s products and special promotional offers, beginning with ten free trades on the CommSec platform.” Commonwealth Bank’s Group Executive for Business Banking, Mike Vacy-Lyle said:… Read More

March 19, 2024 @ 2:10 am By Omar Faridi  |  

The Big Tech AI “arms race” is ongoing and picking up its pace rapidly with well over 75 AI startups that are currently backed by tech giants such as Amazon, Google, Microsoft, and Nvidia. This, according to a new report from CBInsights. CBInsights has recently… Read More

March 19, 2024 @ 1:56 am By Omar Faridi  |  

The Hong Kong Monetary Authority (HKMA) has recently introduced Phase 2 of the e-HKD Pilot Program. The Hong Kong Monetary Authority (HKMA) confirmed the launch of Phase 2 of the e-HKD Pilot Program, with a view to further “exploring innovative use cases for an e-HKD… Read More

March 19, 2024 @ 12:19 am By Tony Zerucha  |  

New research from the Paze PulseSM Report, by Early Warning Services, revealed that over the past year, 71% of online shoppers have abandoned their online shopping carts. While an overly complicated checkout process and security concerns were among the top reasons for cart abandonment cited… Read More

March 18, 2024 @ 10:52 pm By Omar Faridi  |  

A total of 1,843 deals (mergers & acquisitions [M&A], private equity and venture financing deals) were announced in the Asia-Pacific (APAC) region “during January-February 2024, which is a year-on-year (YoY) decline of 19.6% compared to the 2,292 deals announced during the same period in previous… Read More

March 18, 2024 @ 10:45 pm By Omar Faridi  |  

Metro Bank has enhanced its maximum loan sizes for residential properties. Metro Bank noted in a blog post that the changes mean that loans up to 90% LTV will have “a maximum loan amount of £1.25m, and loans up to 85% LTV will have a… Read More

March 18, 2024 @ 10:04 pm By Omar Faridi  |  

Bitcoin halvings, occurring approximately every four years, are key events that significantly slow down the supply growth of BTC by reducing cryptocurrency miners’ rewards in half. By activating bitcoin’s so-called “deflationary” as well as “scarcity” mechanisms, halvings enhance its appeal as a form of “digital… Read More

March 18, 2024 @ 5:33 pm By Omar Faridi  |  

As VC-backed startups continue to contend with bear-market headwinds, startup hiring and compensation have undergone a reset, according to an update from Carta. Last year marked a startup employment contraction: There were more total job departures from companies on Carta in 2023 than there “were… Read More

March 18, 2024 @ 2:18 pm By Omar Faridi  |  

HeavyFinance is raising €50 million for a private credit fund that will support European agricultural small and medium-sized businesses (SMEs) with tailor-made finance. The funding will be available to finance solutions “to advance the decarbonization of agriculture in Bulgaria, Latvia, Lithuania, Poland and Portugal.” EIF… Read More

March 18, 2024 @ 12:04 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed charges against two firms claiming these entities made “misleading statements” in regard to the utilization of artificial intelligence (AI). Delphia (USA) Inc. and Global Predictions Inc. have both agreed to settle the SEC’s charges and pay $400,000… Read More