Tagged: neo

November 26, 2024 @ 10:09 am By JD Alois  |  

UK Secretary to the Treasury Tulip Siddiq now expects stablecoin rules to emerge next year. Originally, stablecoin regulations were on the calendar for 2024. Bloomberg reports that the delay is due to the change in government, and the new Labour leadership needs more time. Simultaneously,… Read More

November 19, 2024 @ 11:34 am By JD Alois  |  

The European Union approved the Instant Payments Regulation (IPR) this past March. The goal is to accelerate the rollout of instant payments in Europe and cover credit transfers denominated in Euros within the EU. Payment Service Providers (PSPs) that enable transfers shall also offer the… Read More

October 31, 2024 @ 11:47 am By JD Alois  |  

Yesterday, the UK government revealed its new budget and the changes being made to cover a deficit while attempting to fuel economic growth. While the punditry will be digesting the statement from the Chancellor of the Exchequer, Rachel Reeves, for days, CI has received a… Read More

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

The annual Autumn Statement, where the UK government reveals its economic plan, is just around the corner. On October 30th, the Chancellor of the Exchequer, Rachel Reeves, will share the Labour government’s plans to reduce deficits while hopefully driving economic growth. As reported by the… Read More

July 12, 2024 @ 7:54 pm By JD Alois  |  

This past week, the UK Financial Conduct Authority (FCA) posted updated rules designed to encourage more public share listings in the UK. The “overhaul” of the rules are part of a broader push to ensure and grow the UK’s status of a leading global financial… Read More

June 24, 2024 @ 3:16 pm By Omar Faridi  |  

As technologies currently capturing the world’s attention, there are significant synergies to explore between blockchain and artificial intelligence (AI). In their efforts to develop and build the ecosystem for our EVM-compatible sidechain Neo X, the Neo team is announcing a new partnership with Phoenix, a… Read More

June 5, 2024 @ 10:35 am By JD Alois  |  

Yesterday, the Bank for International Settlements (BIS) revealed Project Rialto, a review of the potential for wholesale digital currency or using central bank digital currency (CBDC) in the settlement process for foreign exchange. BIS said that decentralized processes using interlinked payment infrastructures might be considered… Read More

April 15, 2024 @ 10:29 am By JD Alois  |  

Alliance Bernstein has published a research report on crypto addressing the stablecoin market. Authored by Gautam Chhugani and Mahika Sapra, the report shares that annualized transfers of stablecoins are around $6.8 trillion. While Tether (USDT) and Circle (USDC) dominate the dollar-based stablecoin market and most… Read More

March 6, 2024 @ 10:43 am By JD Alois  |  

The Chancellor of the Exchequer, Jeremy Hunt, delivered the Spring Budget today, and once again, there was something for everyone to like or dislike. The budget is being described as a “Budget for long-term growth,” highlighting the expectation that inflation will move lower. Hunt said the… Read More

January 18, 2024 @ 5:57 pm By Omar Faridi  |  

Neo, the cross-border payments and FX fintech, has announced that the firm is now profitable as an increasing number of SMEs explore alternatives to banks for managing their international business needs. The Barcelona-based fintech which provides “a one-stop-shop multi-currency account for corporate treasurers recorded an… Read More

November 9, 2023 @ 11:46 am By JD Alois  |  

There have been reports on both sides of the Atlantic that some banks are pumping the brakes on providing credit to smaller businesses. While there are multiple reasons why this may be the case, a gap in lending has helped to boost alternative lending platforms… Read More

October 29, 2023 @ 7:57 pm By Omar Faridi  |  

Neo, the open-source, community-driven blockchain platform, revealed that development is underway on a new EVM-compatible sidechain that will enable developers “to deploy smart contracts, and open the Neo ecosystem up to a wide range of trading-specific use cases such as DeFi.” As a separate blockchain… Read More

October 15, 2023 @ 2:44 pm By Omar Faridi  |  

Neo contributes almost $8M HKD to nurture start-up projects and foster the development of Hong Kong’s Web3 industry. Winners from Neo’s APAC Hackathon will join “an accelerator program alongside candidates from Hong Kong’s leading Web3 developer base.” Neo, the open-source, community-driven blockchain platform where developers… Read More

September 27, 2023 @ 2:05 pm By Omar Faridi  |  

Neo, the cross-border payments fintech, has announced it has cleared more than €10 billion through its corporate multi-currency accounts since launch in 2020. The firm which provides a one-stop-shop account for corporate treasurers has seen its cleared volume double “in just under a year, reaching… Read More

June 13, 2023 @ 10:10 am By JD Alois  |  

At today’s opening of London Tech Week, Prime Minister Rishi Sunak said he sees the UK as an “island of innovation.” Sunak reported that the UK has created 134 unicorns in the last ten years, stating that the UK is one of the most “digitally… Read More

March 31, 2023 @ 6:16 pm By Omar Faridi  |  

Neo Financial is announcing the launch of the Neo Money card, expanding on the benefits of the high-interest Neo Money account with credit-like rewards when you spend. In 2022, Canadians “saw the largest increase in inflation since 1982 resulting in almost half (44%) of Canadians… Read More

March 15, 2023 @ 12:06 pm By JD Alois  |  

Chancellor of the Exchequer Jeremy Hunt delivered the Spring Statement today, making several big announcements, including a huge change in retirement planning. Hunt said that the Conservative government’s approach to the economy is “on the right track” while noting they “remain vigilant” and will take… Read More

November 17, 2022 @ 11:27 am By JD Alois  |  

Chancellor of the Exchequer Jeremy Hunt delivered the Autumn Budget today, and once again, there is a bundle of adjustments and announcements aiming to improve the UK economy that is struggling with high inflation, unsustainable energy costs, and a recession. The UK government has already… Read More

October 3, 2022 @ 10:27 pm By Omar Faridi  |  

The team at NEO are pleased to announce the launch of NeoNS — which is described as  the first Neo name service provider on Neo N3. NeoNS reportedly offers “a more streamlined, efficient and functional experience within the Neo ecosystem and beyond.” You can visit NeoNS… Read More

September 9, 2022 @ 7:22 pm By Omar Faridi  |  

Neo has announced a new partnership with Simplex by Nuvei, an EU-licensed financial institution that “empowers its vast network of partners to accept the widest range of payment methods.” This partnership will “provide users around the world with seamless onramps and offramps to NEO, GAS,… Read More