Global

April 27, 2024 @ 5:03 pm By Omar Faridi  |  

Digital asset firm Gemini notes in its Weekly Market Update that Bitcoin miners are seeing rewards cut following the halving event. However, there are some positive indicators in terms of the supply of Bitcoin and its relationship to the availability of gold in global markets…. Read More

April 27, 2024 @ 4:55 pm By Omar Faridi  |  

Manchester City has announced a new multi-year partnership with Quidd, one of the world’s  digital collectible platforms. Quidd is providing new experiences enabling people “to swap and collect digital cards, transforming the football culture pastime of collecting stickers and cards for the modern age through… Read More

April 27, 2024 @ 4:53 pm By Michael Wong  |  

The Bank of Uganda (BoU) has mandated ID verification for all digital transactions exceeding one million Uganda shillings ($260), according to local reports. Announced on April 19, 2024, through its official X account, this directive requires users to present a government-issued ID for transactions at… Read More

April 27, 2024 @ 4:52 pm By Omar Faridi  |  

QI Tech, a financial services infrastructure provider in Brazil, announced it has extended its Series B round, raising additional equity with current investor General Atlantic, a global growth investor, as well as Across Capital. Following the extension, QI Tech has “achieved unicorn status, six months… Read More

April 27, 2024 @ 4:51 pm By Omar Faridi  |  

The UK experienced a year-on-year (YoY) decline in venture capital (VC) funding deal volume and value during the first quarter (Q1) of 2024 as investor sentiment remained weak, the GlobalData report noted. A total of 281 VC deals of worth $2.7 billion were announced during… Read More

April 27, 2024 @ 4:48 pm By Michael Wong  |  

Fintoc, a pioneering Chilean startup offering an instant payments API, has successfully raised $7 million in a Series A funding round, TechCrunch has reported. The investment was led by Propel, with significant participation from Monashees, which also spearheaded Fintoc’s $3 million seed round in June… Read More

April 27, 2024 @ 4:47 pm By Omar Faridi  |  

Rippling has reportedly raised $200M in new financing and signed agreements with investors to repurchase up to $590M of equity from current employees, former employees, and early investors. The financing was led by Coatue with participation “from Founders Fund, Greenoaks, and other existing investors.” Dragoneer… Read More

April 26, 2024 @ 5:21 pm By Omar Faridi  |  

CertiK notes that for about a decade, Chainalysis has been at the forefront of blockchain analytics and crypto compliance, “providing comprehensive coverage across a range of blockchains and tokens, and setting industry benchmarks with its data attribution and labeling capabilities.” However, CertiK claims that leading… Read More

April 26, 2024 @ 5:18 pm By Michael Wong  |  

Thailand and Australia have entered into a new phase of financial collaboration with the signing of a memorandum of understanding (MoU) on financial technology (fintech) cooperation. The agreement, aimed at bolstering the local fintech industries of both nations, was formalized this week between the Thai… Read More

April 26, 2024 @ 5:13 pm By Michael Wong  |  

The UK government has granted new powers to the National Crime Agency (NCA) and police forces, effective today, to seize, freeze, and destroy cryptoassets involved in criminal activities, Irish Legal News has reported. This regulatory update addresses the increasing exploitation of cryptocurrencies by criminals, including… Read More

April 26, 2024 @ 5:07 pm By Omar Faridi  |  

A new report from CoinGecko has looked at the latest market share of centralized crypto exchanges in terms of digital currency trading volumes. Binance has reportedly remained “the largest centralized exchange (CEX), with its market share at 49.7% in March 2024. Its spot trading volume… Read More

April 26, 2024 @ 11:41 am By Omar Faridi  |  

CaixaBank has reportedly become the first Spanish bank to adhere to the Pegasus Guidelines, the first voluntary climate-aligned finance framework for the aviation sector, “designed to help banks independently measure and disclose the emissions intensity and/or climate alignment of their aviation lending portfolios compared to… Read More

April 26, 2024 @ 11:39 am By JD Alois  |  

As CI has covered in the past couple of years, the European Union created harmonized rules designed to improve online capital formation under ECSPR, or European Crowdfunding Service Provider Regulation. Advocates, like EuroCrowd, have lobbied the EU for years to advance the common-sense approach of… Read More

April 26, 2024 @ 8:21 am By Omar Faridi  |  

Alchemy Pay has integrated the newly-launched USDT on TON stablecoin by Tether onto its payment ramp, expanding accessibility and enhancing the user experience “for those looking to engage with USDt on TON through fiat transactions, reaching out to the vast network of Telegram’s 900 million… Read More

April 26, 2024 @ 7:57 am By Omar Faridi  |  

The British Business Bank has appointed Kristen McLeod CBE as its new Chief Strategy Officer, effective from September 2024. Kristen joins the British Business Bank from HM Treasury, “where she has served as Advisor to the Chancellor of the Exchequer on Growth, Investment and Business… Read More

April 25, 2024 @ 10:11 pm By Omar Faridi  |  

Trulioo, an industry-leading identity platform with proven global coverage for person and business verification, today marked the one-year anniversary of its Singapore office by highlighting how its 24/7 implementation support “helps Asia-Pacific (APAC) brands expand into new markets, meet complex regulatory requirements and quickly onboard… Read More

April 25, 2024 @ 4:13 pm By Omar Faridi  |  

Commenting on the UK Financial Conduct Authority (FCA)’s strategic approach to the use of Artificial Intelligence in the UK financial services sector, Karim Haji, global and UK head of financial services at KPMG, said: “It’s hard to overstate the potential capabilities of AI for a… Read More

April 25, 2024 @ 4:07 pm By Omar Faridi  |  

Airwallex, a global payments and financial platform for modern businesses, today announced the U.S. launch of its payment acceptance solution. U.S.-based merchants can use the service “to accept payments from domestic and international customers.” Additionally, foreign merchants with U.S. entities can “provide a localized payment… Read More

April 25, 2024 @ 9:40 am By Omar Faridi  |  

Smart Pension, which claims to be one of the UK’s leading workplace pension providers, has appointed Claire Misata as Business Development Director. Claire will lead relationship development for Smart Pension “with trustees and Employee Benefit Consultants (EBCs). Her appointment follows Smart Pension’s recent announcement that… Read More

April 25, 2024 @ 9:03 am By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, announced more than 50 new features at its annual user conference, Stripe Sessions, held at the Moscone Center in San Francisco. Last year, Stripe says it had “processed more than $1 trillion in payments for millions of users,… Read More