Tagged: perspective

January 22, 2023 @ 5:00 pm By Omar Faridi  |  

  Bitcoin (BTC), the flagship cryptocurrency, has fallen from a high of nearly $70,000, which it reached in late 2022, to just over $20,000 at the time of writing. Meanwhile, Ethereum (ETH), the second-largest crypto-asset by market cap and the largest smart contract platform, has… Read More

January 20, 2023 @ 9:45 am By Cecilia Tamez  |  

Emerging markets have contributed almost two-thirds of global GDP growth over the past 15 years. So, it’s not surprising that businesses in established markets like the U.S. and U.K. are looking to expand their operations in these up-and-coming regions — whether it means working with… Read More

January 18, 2023 @ 9:52 am By Omar Faridi  |  

The financial services sector has evolved considerably during the past decade, with many new Fintech startups and banking challengers raising substantial funding to fundamentally improve how consumers perform transactions. Individuals and business organizations across the globe have been moving their activities online, a digital transformation… Read More

January 12, 2023 @ 9:49 am By Omar Faridi  |  

The year 2022 was by far the most “eventful” year for the crypto market, according to Jack Tan, the Co-founder of WOO Network. According to Jack Tan of the WOO Network, the industry that has been struggling for years to get mass adoption “took back-to-back… Read More

January 10, 2023 @ 8:29 pm By Omar Faridi  |  

Another enforcement shoe has dropped against a major crypto exchange with the announcement of a lawsuit by New York’s Attorney General against Celsius Network CEO/co-founder Alex Mashinsky. AG Letitia James accuses Mashinsky of “defrauding thousands of investors out of billions of dollars in digital funds,… Read More

January 9, 2023 @ 4:37 pm By Omar Faridi  |  

The Federal bank regulatory agencies released a joint statement on crypto-asset risks to banking organizations, which is “a move that has been long anticipated by the community.” Upon this news, Fireblocks’ Chief Legal & Compliance Officer Jason Allegrante feels confident that 2023 will “see an… Read More

January 4, 2023 @ 10:27 am By JD Alois  |  

During 2022, Reg CF, the smallest crowdfunding securities exemption, took a bit of a hit as the number of investors declined, and the total amount of investments dropped by 12.8% from $578.8 million in 2021. This is according to a report by Crowdfund Capital Advisors… Read More

January 2, 2023 @ 11:26 pm By Omar Faridi  |  

Nic Carter, Partner, Castle Island Ventures. Cofounder, Coinmetrics.io, says that it’s undeniable that momentum around cryptographic Proofs of Reserve “is gathering.” According to Nic Carter, this is “a genuine silver lining from the FTX debacle.” He writes in a blog post: “We may well yet… Read More

January 2, 2023 @ 4:30 pm By JD Alois  |  

Goodbye 2022, and hello 2023. The past year was a tough one for many people – a terrible year for the economy with multi-decade high inflation and interest rates chasing it in an attempt to crush rising prices. All markets were impacted, including public markets,… Read More

December 30, 2022 @ 11:45 am By Omar Faridi  |  

We recently connected with Jacob Fernane, Founder and CEO of Pacific Lion LLC, a full-service equity investment and consulting firm for early-stage tech companies. Pacific Lion makes behind-the-scenes equity investments while guiding founders through a 12-18 month trajectory of milestones that lead to a liquidity… Read More

December 30, 2022 @ 8:22 am By Omar Faridi  |  

There are four “over-riding” investment themes that investors will be watching and positioning for in 2023 in order to build their wealth, says the CEO and founder of an independent financial advisory, asset management and fintech organization. Nigel Green of deVere Group’s recently commented on… Read More

December 28, 2022 @ 9:36 pm By Omar Faridi  |  

Akash Sinha, CEO & Co-Founder, Cashfree Payments has provided a brief evaluation of the year 2022 and the anticipated trends in 2023, with respect to fintech, digital payments, BaaS, among other sectors. Sinha noted: “India is in a strong position to become the global leader… Read More

December 26, 2022 @ 9:39 pm By Omar Faridi  |  

Nageen Kommu, CEO at Digitap recently commented on the anticipated trends for the Fintech segment in 2023. In an update shared with CI, Nageen Kommu noted that the Indian Fintech market currently stands “as the third largest Fintech ecosystem in the world and is well… Read More

December 19, 2022 @ 12:07 pm By JD Alois  |  

Regulation Technology or Regtech is the future of regulation and compliance. This much is clear. Yet like other aspects of financial technology, adoption is taking place at a methodical pace. Regtech, alongside “Suptech” [supervisory technology], can alleviate many of the challenges intrinsic to the financial… Read More

December 17, 2022 @ 2:19 pm By JD Alois  |  

  The trifecta of legal action against Sam Bankman-Fried and the failure of FTX blossomed this past week as the US Attorney for the Southern District of New York filed criminal charges against Bankman-Fried. These charges were joined by civil charges filed by both the… Read More

December 14, 2022 @ 8:30 am By JD Alois  |  

In a blog post, Tether announced its intent to reduce secured loans to zero during 2023. Along with the announcement, Tether stated that its current secured loans are overcollateralized and covered by extremely liquid assets. The statement follows a claim published on WSJ.com that said… Read More

December 9, 2022 @ 10:14 am By JD Alois  |  

Yesterday, the Securities and Exchange Commission (SEC), Division of Corporate Finance, revealed a “sample” letter being sent to registered firms demanding heightened disclosure on crypto assets. The new request follows a series of bankruptcies and financial stress from firms in the digital asset industry. The… Read More

November 30, 2022 @ 11:53 am By JD Alois  |  

Binance recently announced the creation of an “Industry Recovery Fund” following the collapse of FTX and the collateral damage it has caused to the cryptocurrency industry. Several other platforms have indicated they have been impacted by the bankruptcy of FTX, and several have shut down… Read More

November 28, 2022 @ 3:19 pm By JD Alois  |  

Crypto markets are far off from their all-time highs, and today another crypto firm announced a bankruptcy filing due to FTX collateral damage. 2022 is not so much a crypto-winter but perhaps a crypto-ice age. The failure of FTX has harmed the entire crypto sector,… Read More

November 28, 2022 @ 8:37 am By Alex Zeltcer  |  

There’s no doubt in the minds of financial organizations and anti-laundering regulators that Know Your Customer (KYC) verified accounts prevent fraudulent activity– and that’s exactly the problem. In the early 1990s, governments around the globe had a growing concern about preventing the increasingly connected banking… Read More