Tagged: ukraine

April 4, 2022 @ 10:42 am By Omar Faridi  |  

The team at PeerBerry notes that we have already seen and have already been there (when remembering all the panic during the first wave of Covid in March 2020). But on the other hand, “nothing compares with the current events,” the team at PeerBerry wrote… Read More

April 4, 2022 @ 10:19 am By Omar Faridi  |  

The team at Lithuania’s Debitum, a borderless financing platform, has shared omportant news about “war-affected assets” in Ukraine On March 30, 2022, Debitum had received “an official response letter and data from the borrower in Ukraine.” This data consists of the company’s “update on its… Read More

April 3, 2022 @ 10:32 am By Omar Faridi  |  

European lender Mintos notes that previously, they had prepared an overview of the “broader” effects of the war in Ukraine, sanctions on Russia, and Russian “responding policies on the financial markets.” As noted in a blog post, Mintos is now sharing “an insight into how… Read More

March 28, 2022 @ 10:34 pm By Omar Faridi  |  

Last year, Aventus Group companies operating in Kazakhstan “issued EUR 41.6 million in loans – 3.4 times more than in 2020.” At the end of 2021, Aventus Group’s total portfolio in Kazakhstan “amounted to EUR 14.2 million (the total portfolio grew 2.8 times compared with… Read More

March 28, 2022 @ 12:13 pm By Omar Faridi  |  

European lender Bondora recently celebrated its 14th year of launching operations. The team at Bondora has thanked all their customers who have chosen to work with them, supported them, and grown with them over all these years. The online lending platform’s management is also thankful… Read More

March 22, 2022 @ 8:17 am By Omar Faridi  |  

James Butterfill, Investment Strategist at London-based CoinShares, a digital asset manager focused on expanding access to the cryptocurrency ecosystem while serving as a “trusted partner” for its clients, notes that for the week ending March 18, 2022, there were outflows that continued “with $47 million,… Read More

March 21, 2022 @ 3:00 pm By JD Alois  |  

Yesterday, it was reported that the government of Ukraine has created its own website to accept crypto donations. The site was built in partnership with FTX, Kuna, and everstake. The Ukraine government has now received over $60 million in crypto donations. Today, Merkle Science is… Read More

March 21, 2022 @ 9:37 am By Omar Faridi  |  

Surfshark, a VPN firm based in Lithuania, has reported “a 3500% surge in Russia sales since February 24 – the day Russia invaded Ukraine.” According to cybersecurity firm Surfshark’s analysis, the Russian telecoms regulator (Roskomnadzor) has forced Google to “delist more than 36,000 URLs that… Read More

March 21, 2022 @ 8:04 am By Omar Faridi  |  

Lithuania’s borderless financing platform Debitum confirms that the ongoing war in Ukraine is affecting everyone. Debitum is “strongly against” the Russian aggression and they are supporting their partners and their employees based in Ukraine. For investors, “who purchased claim rights related to borrowers from Ukraine,… Read More

March 20, 2022 @ 8:58 pm By Omar Faridi  |  

PeerBerry notes that their business partners have assessed the changes in interest rates in international markets and have “made appropriate changes in the interest rates on loans offered to invest in on the PeerBerry platform – the interest rates are slightly increasing.” Interest rates on… Read More

March 20, 2022 @ 7:04 pm By JD Alois  |  

In the early days of the Russian invasion, the Ukrainian government, along with other charities and independent media, leveraged cryptocurrency to expedite transfers of money in the form of donations. By accepting crypto, Ukraine benefits from the speed of transfer – instantaneous – and the… Read More

March 18, 2022 @ 9:14 am By Tony Zerucha  |  

Shift4, a provider of integrated payment and commerce technology, this week announced the launch of the “Caring with Crypto” campaign to raise more than $20 million for nonprofit organizations on The Giving Block, a cryptocurrency fundraising platform that Shift4 recently acquired. Shift4 CEO Jared Isaacman… Read More

March 15, 2022 @ 11:38 am By JD Alois  |  

The unprovoked invasion by Russia attacking Ukraine has impacted global markets driving risk higher and causing extreme volatility in all markets. The war has also impacted online investing – crowdfunding – according to Crowdfund Capital Advisors (CCA). CCA co-founder Sherwood “Woodie” Neiss tweeted today that… Read More

March 14, 2022 @ 6:22 pm By JD Alois  |  

Chainalysis, a leading blockchain/crypto monitoring and data platform used by both private and public entities, shared last week that they are building tools that “make it easier for any organization to integrate sanctions screening for cryptocurrencies into their existing operation.” As has been previously reported,… Read More

March 14, 2022 @ 5:57 pm By JD Alois  |  

The Bank of Russia has taken the extraordinary measure of halting trading on the Moscow Stock Exchange now for a second week. In a public statement, the Bank said there would be no trading from 14 to 18 March 2022 on the Moscow Exchange in… Read More

March 14, 2022 @ 12:30 am By Omar Faridi  |  

Croatian P2P lender Robo.cash recently commented on whether peer-to-peer investors are equal when it comes to “taxing their income.” To address the question, Robo.cash has assessed the European legislative framework. Robocash writes in a blog post that the national legislations of European countries “generally have… Read More

March 13, 2022 @ 9:25 pm By Omar Faridi  |  

Andrejus Trofimovas, CEO of Aventus Group, has noted that the scale of world changes and the problems that we have faced did not seem “so serious” just a few weeks ago. Andrejus writes in a blog post that we all observed: “a real war of this… Read More

March 12, 2022 @ 2:36 pm By JD Alois  |  

PayPal (NASDAQ:PYPL), a global payments provider that continues to offer a growing amount of Fintech services, says it will block wallets in Russia beginning on March 18th. The news follows an ever-increasing number of financial services firms that have temporarily shut down services or blocked offerings… Read More

March 11, 2022 @ 8:06 am By JD Alois  |  

Digital bank Revolut has raised €10 million to benefit the people of Ukraine. The donations have been coordinated with Red Cross Ukraine and include matching contributions from Revolut. Russia invaded Ukraine in an unprovoked act of war on Thursday, February 24. On March 1st, Revolut… Read More

March 10, 2022 @ 3:45 pm By JD Alois  |  

Following the news that Goldman Sachs (NYSE:GS) was exiting operations in Russia, JPMorgan (NYSE:JPM) is reportedly doing the same. The move follows heavy economic sanctions targeting Russia by many countries around the world following Russia’s draconian invasion of Ukraine. JPMorgan Chase is the largest bank… Read More