March 21, 2024 @ 1:14 pm By Omar Faridi  |  

Rails, a self-custodial crypto exchange that allows users to trade perpetuals while maintaining self-custody, announced a $6.2 million seed round led by Slow Ventures, CMCC Global, Round13 Capital, and Quantstamp. Rails’ proprietary trading engine combines advanced matching capabilities with a user-friendly interface and a set… Read More

March 21, 2024 @ 11:51 am By Omar Faridi  |  

Yieldstreet, a private market online investing platform, and Wilshire Advisors LLC, a global advisor with more than $1 trillion in assets under advisement, announced a partnership that intends to enhance investor access to institutional-quality alternative investments. Yieldstreet caters mostly to Accredited Investors but non Accredited… Read More

March 21, 2024 @ 11:46 am By JD Alois  |  

Yesterday, the House Financial Services Committee, Capital Markets Subcommittee held a hearing on the alleged overreach of the Securities and Exchange Commission (SEC) and the need for reform. The current Commission, under the leadership of Chairman Gary Gensler, has been criticized by many policymakers as… Read More

March 21, 2024 @ 8:55 am By JD Alois  |  

EstateGuru, an online investment platform providing debt capital, has issued a comment on the “Project of the Year 2023.” The marketplace shares that 430 issuers raised money on the platform from projects in Estonia, Finland, Latvia, and Lithuania. Almost €100 million was funded in 2023… Read More

March 21, 2024 @ 7:45 am By Omar Faridi  |  

The British Business Bank has launched its new Northern Powerhouse Investment Fund II, a £660m fund set to cover the entire North of England. The Northern Powerhouse Investment Fund II (NPIF II), aims to “build on the success of the initial fund, with the purpose… Read More

March 21, 2024 @ 7:39 am By Omar Faridi  |  

UK Fintech Kriya is reportedly advancing £500 million to businesses banked by Barclays. Kriya has commented on their partnership in a new blog post. According to Kriya, a major part of their business success is “down to the organizations they partner with and the merchants… Read More

March 21, 2024 @ 7:37 am By Omar Faridi  |  

Small firms continue to face a challenging macroeconomic environment, as sales growth in the December festive period hit a three-year low, according to the Xero Small Business Insights (XSBI) data from global small business platform Xero – which covers the three months to December 2023…. Read More

March 21, 2024 @ 4:22 am By Omar Faridi  |  

Amazon Web Services (AWS), Accenture (NYSE: ACN) and AI company Anthropic are coming together to help organizations—especially those in highly-regulated industries including healthcare, public sector, banking and insurance—responsibly adopt and scale customized generative artificial intelligence (AI) technology “within their organizations to speed innovation, improve customer… Read More

March 21, 2024 @ 3:35 am By Omar Faridi  |  

Conflux Network is introducing AxHKD, the Hong Kong Dollar-backed stablecoin. Conflux Network explains that it is facilitating the beta-testing of the Hong Kong Dollar-backed stablecoin, AxHKD, on its platform. AnchorX aims to dominate Asia’s digital currency landscape by delivering “reliable global exchanges.” AxHKD on Conflux… Read More

March 20, 2024 @ 9:51 pm By Omar Faridi  |  

Graviton, one of India’s Web3-focused accelerators, has unveiled a list of teams that have been accepted into the second edition of its 16-week program. This update comes nearly a month after the syndicate-backed fund stopped accepting applications, and was preceded by “a nationwide hunt for… Read More

March 20, 2024 @ 7:56 pm By JD Alois  |  

As reported earlier, BlackRock, the largest asset manager in the world, is partnering with Securitize to issue a digital asset fund. Securitize is a leading enabler of digital securities in the US and operates a trading platform, as it has been approved to run an… Read More

March 20, 2024 @ 5:05 pm By JD Alois  |  

It was not too long ago that the Securities and Exchange Commission determined Ethereum (ETH) NOT to be a security. But times change, and new leaders take over. In this case, it is the Chairman of the SEC, Gary Gensler. According to an X distributed… Read More

March 20, 2024 @ 4:52 pm By Omar Faridi  |  

Akur8, the insurance pricing solution, and Guidewire, the property and casualty (P&C) insurance cloud platform, are excited to announce that the Ready for Guidewire validated Akur8 Accelerator for AI-Powered Pricing is now fully available for both cloud and on-premise users of PolicyCenter, offering a fully… Read More

March 20, 2024 @ 4:49 pm By Omar Faridi  |  

Compass Coffee, a Washington, D.C.-based coffee chain, has announced a partnership with Coinbase (NASDAQ:COIN), a US-based cryptocurrency exchange with global operations. This collaboration allows customers to pay for coffee purchases using crypto, specifically stablecoins like USDC. Compass Coffee, an established business with a presence across… Read More

March 20, 2024 @ 3:01 pm By JD Alois  |  

As anticipated, the US Federal Reserve has held benchmark rates steady while expecting three rate cuts later in 2024. The Federal Open Market Committee decided to maintain the target range for the federal funds rate at 5-1/4 to 5-1/2 percent while reiterating its commitment to… Read More

March 20, 2024 @ 1:28 pm By Omar Faridi  |  

Netcapital Inc. (Nasdaq: NCPL, NCPLW), a digital private capital markets ecosystem, announced select financial results for the third quarter of fiscal year 2024 ended January 31, 2024. Martin Kay, CEO of Netcapital Inc., said: “Despite the challenges faced by businesses seeking capital in the current… Read More

March 20, 2024 @ 12:28 pm By JD Alois  |  

The Amendment for Crowdfunding Capital Enhancement and Small-business Support Act of 2023 has re-emerged in Congress. Originally introduced into the House in December of 2023, HR 2865 has now been referred to the House Financial Services Committee, indicating it may come up for a vote…. Read More

March 20, 2024 @ 11:18 am By JD Alois  |  

Hamilton Lane (NASDAQ:HLNE) co-CEO Erik Hirsch visited with CNBC yesterday ostensibly to comment on the forthcoming initial public offering (IPO) of Reddit. The market has widely anticipated the IPO as public offerings have been moribund in recent years, and Reddit is a high-profile tech firm…. Read More

March 20, 2024 @ 10:51 am By JD Alois  |  

CapitalRise, an online investment platform focusing on Prime property in the UK, has boosted its funding ability by 50%, according to a statement issued by the firm. While not providing hard numbers, the institutional funding is from an unnamed UK investment manager and is an… Read More

March 20, 2024 @ 10:32 am By JD Alois  |  

Gate Group has announced that has registered as a VASP, or virtual asset service provider, via the Organismo Agenti e Mediatori (OAM) in Italy. Launched in 2013 and based in Cayman, Gate.io is currently ranked as the 8th largest crypto exchange in the world, according… Read More