January 9, 2021 @ 12:23 pm By Omar Faridi  |  

Blockchain security firm CipherTrace recently explained and discussed the differences between virtual asset service providers (VASPs), money service businesses (MSB), money transmitters, digital asset customers, and how they impact crypto-related compliance measures. CipherTrace noted that cryptocurrency, digital assets, convertible virtual currency, and other terms seem… Read More

January 9, 2021 @ 12:19 pm By Omar Faridi  |  

US-based digital currency exchange Gemini recently welcomed Eugene Ng as the firm’s new APAC Head of Business Development. Gemini’s management confirmed on January 7, 2021 that they’re pleased to announce that Eugene Ng will be serving as the crypto firm’s Head of Business for the… Read More

January 9, 2021 @ 11:13 am By Omar Faridi  |  

Cambridge-headquartered Vestigo Ventures, which mainly invests in Fintech firms or other financial services businesses, has reportedly secured a total of $83.5 million (to date) for its second fund, according to a securities filing. Vestigo had been planning to acquire $100 million in capital for its… Read More

January 8, 2021 @ 11:14 pm By Samantha Hurst  |  

  RateSetter, a leading UK based peer to peer lender, is reportedly telling investors that starting at the end of January 2021, it will no longer process any new transfer-in ISAs requests from other providers. According to P2PFinance News, the online lender stated it will… Read More

January 8, 2021 @ 10:39 pm By Samantha Hurst  |  

  Augmentum Fintech plc (LSE: AUGM) announced on Friday it is entering the decentralized finance (DeFi) space through its investment and partnership with ParaFi Capital. Explaining the need to enter the DeFi space, the Augmentum Fintech team stated: “Activity in the DeFi space has gained significant… Read More

January 8, 2021 @ 10:21 pm By Samantha Hurst  |  

  B.Fine, a Belgium-based regtech service provider, recently announced it secured €1 million through its first investment round, which was led by Pamica NV. Founded in 2017, B.Fine states that banks rely on its platform to transform their time-consuming reporting processes into an effective reporting… Read More

January 8, 2021 @ 4:23 pm By Samantha Hurst  |  

Comino, a UK-based liquid-cooled computing startup, is now nearing €870,000 through its equity crowdfunding campaign on Seedrs. The funding round, which originally sought to raise a minimum of €750,001, has attracted more than 255 Seedrs investors. Founded in 2017, Comino offers professional liquid-cooled GPU &… Read More

January 8, 2021 @ 4:03 pm By Omar Faridi  |  

1inch, a decentralized or non-custodial crypto exchange aggregator service, has launched a new liquidity mining program. Liquidity mining, also referred to as yield farming, is the act or process of offering liquidity through digital currencies to decentralized exchanges (DEXs). Since the main goal of an… Read More

January 8, 2021 @ 3:55 pm By Omar Faridi  |  

Binance Launchpool, a new project aimed at bringing the decentralized finance (DeFi) experience to Binance users and where traders can earn new token rewards in exchange for staking, has launched its first project this year – which is called the Bitcoin Standard Hashrate Token (BTCST)…. Read More

January 8, 2021 @ 1:30 pm By JD Alois  |  

Bill Miller, a legendary value investor and founder of Miller Value Funds, visited the studios of CNBC today where he commented on Bitcoin noting they have a position in the popular crypto. Miller did not provide a price target (like typically given by securities analysts)… Read More

January 8, 2021 @ 1:12 pm By Omar Faridi  |  

Telos, which is one of the most active public blockchain networks according to Blocktivity data,  with over 500,000 accounts, has introduced an innovative plan in order to bring liquidity and added value to the TLOS DLT ecosystem: The Telos Uniswap Liquidity Implementation Plan (TULIP). According… Read More

January 8, 2021 @ 11:33 am By JD Alois  |  

In March of 2020, the Chancellor of the Exchequer Rishi Sunak delivered the UK budget. Included in the presentation was the announcement of a Fintech sector review – a study to be led by Ron Kalifa OBE, who was previously CEO Worldpay and current Chair… Read More

January 8, 2021 @ 11:23 am By Samantha Hurst  |  

Cross River, a bank that delivers advanced financial and compliance products/services to the fintech industry, announced earlier this week t will be participating in the next round (Round B) of the U.S. Small Business Administration (SBA) Paycheck Protection Program (PPP).  In the initial round of… Read More

January 8, 2021 @ 10:07 am By Samantha Hurst  |  

  Globe Fintech Innovations, Inc. (Mynt), the Fintech arm of Globe Telecom and operator of the country’s preferred mobile wallet in GCash, announced on Friday it has attracted fresh capital investment from ASP Philippines LP, a limited partnership fund managed by investment firm Bow Wave… Read More

January 8, 2021 @ 9:30 am By Omar Faridi  |  

Fintech firm B-North, which facilitates loans for small businesses and is currently seeking a banking license, has reportedly entered a deal with Channel 4 Ventures. Manchester-headquartered B-North confirmed that it has acquired a follow-on investment of £250,000 from the Greater Manchester Combined Authority. The challenger… Read More

January 8, 2021 @ 8:50 am By Omar Faridi  |  

UK Finance, a trade association for the UK banking and financial services industry, has noted that after the extension of government support from November 2020, an estimated £600 million  in funding was provided via the topping-up of current Bounce Back Loan Scheme (BBLS) facilities. Lending… Read More

January 8, 2021 @ 8:47 am By Omar Faridi  |  

France-based Fintech firm Pennylane, which was launched in January 2020, has acquired €15 million in capital as the European financial technology sector continues to attract more consumers and businesses. French accounting company Pennylane finalized its €15 million Series A round in less than a year… Read More

January 8, 2021 @ 8:14 am By Samantha Hurst  |  

Netshares Financial Services, a U.S.-based digital investment bank and regulation crowdfunding (Reg CF) platform, announced earlier this week that the Financial Industry Regulatory Authority (FINRA) has approved its New Membership Application to commence operations as a registered broker-dealer. Netshares revealed that it will bring offering… Read More

January 8, 2021 @ 12:06 am By Omar Faridi  |  

Malaysia-based Fintech firm Soft Space has teamed up with Japan’s GMO Financial Gate (GMO-FG), a payment service provider, in order to offer payments solutions to Japanese consumers. Through the partnership, Soft Space will be supporting the secure and seamless Europay, Mastercard, and Visa (EMV) transactions…. Read More