April 6, 2024 @ 2:14 pm By Omar Faridi  |  

OKX Ventures, the investment arm of Web3 technology company OKX, is pleased to announce its participation in the seed funding round of UTXO Stack, a modular BTC Layer 2 blockchain launch platform. The seed funding round was reportedly co-led by ABCDE and SNZ, with OKX… Read More

April 6, 2024 @ 1:17 pm By Omar Faridi  |  

The Bank for International Settlements (BIS) together with seven central banks has recently announced plans to join forces with the private sector to explore how tokenisation can enhance the functioning of the monetary system. Project Agorá (Greek for “marketplace”) reportedly “brings together seven central banks:… Read More

April 6, 2024 @ 12:12 pm By Michael Wong  |  

Following a nine-day trial, a jury in the United States District Court for the Southern District of New York has found Terraform Labs PTE Ltd. and its former CEO, Do Kwon, guilty of defrauding investors in crypto asset securities. The verdict comes after the Court’s… Read More

April 6, 2024 @ 12:10 pm By Omar Faridi  |  

HOMErs says that it delivers turn-key, contemporary modular homes designed for rapid assembly and disassembly. HOMErs has reportedly secured 89% of its £500,002 target (at the time of writing) via Seedrs with 22 days left in the company’s crowdfunding campaign. HOMErs has so far acquired… Read More

April 6, 2024 @ 12:09 pm By Omar Faridi  |  

Swift announced the findings of the second phase of industry-wide sandbox testing on its central bank digital currency (CBDC) interlinking solution, with the results showing that its connector can enable financial institutions to carry out a wide range of financial transactions using CBDCs and other… Read More

April 6, 2024 @ 12:08 pm By Omar Faridi  |  

ValidMind, the AI and model risk management platform for financial services, today announced it has raised $8.1 million in a seed funding round led by Point72 Ventures, with participation from Third Prime, New York Life Ventures, AI Fund, Notion Capital, FJ Labs, Angel Invest, and… Read More

April 6, 2024 @ 12:07 pm By Omar Faridi  |  

UK Fintech Wise (LSE:WISE) has shared its newest partnership with Swan, a European firm focused on embedded finance. Swan enables companies across Europe to easily “embed banking features such as accounts, cards, and payments into their own product.” However, one thing was missing “from their offer;… Read More

April 6, 2024 @ 12:05 pm By Omar Faridi  |  

Pitchbook is reporting mixed fintech performance as public fintech companies delivered mixed returns in Q1 2024. Pitchbook notes in a report that when “compared to the S&P 500’s 10.2% return and Nasdaq’s 9.1% return for the quarter, the neobanks, brokers, and crypto cohort was the… Read More

April 5, 2024 @ 8:09 pm By Michael Wong  |  

The Brunei Darussalam Central Bank (BDCB) and the Bank of the Lao PDR (BOL) have officially joined the Regional Payment Connectivity (RPC), marking a significant milestone in ASEAN’s financial integration efforts, the Monetary Authority of Singapore (MAS) has announced. The BDCB’s accession to the RPC… Read More

April 5, 2024 @ 7:06 pm By Michael Wong  |  

The Monetary Authority of Singapore (MAS) announced significant amendments to the Payment Services Act (PS Act) and its subsidiary legislation, marking a pivotal step in expanding the regulatory framework for payment services within the city-state. These amendments, which aim to incorporate a broader spectrum of… Read More

April 5, 2024 @ 4:17 pm By Omar Faridi  |  

ClearBank, the enabler of real-time clearing and embedded banking for financial institutions, today presents the results from its 2023 Annual Report. It shows ClearBank’s first full year of profitability, “with strong growth in income, platform and transaction fees, deposits, and clients.” In a challenging and… Read More

April 5, 2024 @ 3:09 pm By JD Alois  |  

StartEngine has listed a new securities offering for Fanatics, a company that works with top sports properties by selling apparel, etc., by licensing the brands. Fanatics also has entered the sports betting sector having acquired PointsBet sportsbook. StartEngine notes that Fanatics has already raised $8.9… Read More

April 5, 2024 @ 2:18 pm By Omar Faridi  |  

Coinbase (NASDAQ:COIN) says it has officially been registered as a Restricted Dealer by the Canadian Securities Administrators (CSA). This move reportedly makes Coinbase the largest and first international cryptocurrency exchange registered in Canada. This milestone, following their formal launch in August 2023, reinforces their commitment… Read More

April 5, 2024 @ 2:15 pm By Omar Faridi  |  

OKX has released a report titled ‘Unlocking the Infinite Potential of Crypto and AI.’ The research report from OKX explores “the convergence of AI and crypto, a major trend in the current market cycle that is giving rise to new applications and innovations encompassing areas… Read More

April 5, 2024 @ 2:11 pm By Omar Faridi  |  

AmeriBest Home Care, a Philadelphia-based home care business, has partnered with DailyPay – a worktech company and leader in earned wage access. Bob Kane, AmeriBest’s Chief Operating Officer, said: “At AmeriBest, providing exceptional care to our clients is paramount. We accomplish that with an exceptional… Read More

April 5, 2024 @ 12:57 pm By Omar Faridi  |  

The Celo Foundation and Rarible introduce Celosphere, a new NFT marketplace powered by RaribleX and platforming digital ownership aligned with the Celo community’s mission of creating prosperity for all. Built on Celo, an emerging Ethereum Layer-2 and mobile-first blockchain network, the Celosphere provides creators “with… Read More

April 5, 2024 @ 12:11 pm By Michael Wong  |  

Zeepay, a finteh startup based in Accra, Ghana, has announced raising an undisclosed amount in its latest round of equity funding. The funding round was spearheaded by prominent investors including Africa50, Oikocredit, Injaro Ghana Venture Capital Fund (IGVCF), and Verdant Capital Hybrid Fund, with additional… Read More

April 5, 2024 @ 11:51 am By Michael Wong  |  

zypl.ai, a generative artificial intelligence (AI) fintech lending startup, announced it secured significant investment from Dubai-based corporate and retail bank Commercial Bank International (CBI) along with other global investors in a post-seed bridge round. This strategic investment precedes zypl.ai’s anticipated Series A funding round set… Read More

April 5, 2024 @ 10:55 am By Omar Faridi  |  

Chainalysis is marking its 10th year of operations this spring, and they’re reflecting on how far they’ve come with their clients and how the’re continuing to evolve with the rapidly changing ecosystem. Chainalysis notes in a blog post that the market revival we are experiencing… Read More

April 5, 2024 @ 10:15 am By Omar Faridi  |  

Every quarter, Carta releases information on the startup ecosystem in their State of Private Markets report. Carta, a software development firm focused on equity management software, explains in a blog post that it can take a few weeks for rounds to “be recorded on our… Read More