Blockchain Mortgage Platform Acre Raises £6.5 Million
The British startup Acre Software announced the attraction of investment funds for 6.5 million pounds.
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PhonePe Backs Out of ZestMoney Acquisition
The Indian mobile payments giant PhonePe, supported by Walmart, has decided to abandon its intention to acquire the BNPL player ZestMoney.
JPX Takes Stake in Nomura-Led Blockchain Business Boostry
Japan Exchange Group (JPX) acquires a stake in the Booster blockchain project.
Quantexa Hits $1.8 Billion Valuation
The financial crimes fighting platform Quantexa reported that it managed to attract investment funds for 129 million dollars.
SEC Will Teach Investors to “Exercise Caution” on Crypto
In a series of educational events, the US Securities and Exchange Commission (SEC) will promote financial literacy, while urging people to be “cautious” with crypto projects investments
Acorns Acquires Kids Money Management App GoHenry
Being in business for over ten years, GoHenry provides a pre-paid debit card and financial education app for kids aged 6-18. The acquisition gives the combined Acorns company nearly six million subscribers
SEB and Crédit Agricole Launch Sustainable Blockchain-Based Bond Platform
Enabled by the blockchain technology, the new platform for sustainable digital bonds will reward participants for improving their environmental footprint
Proactis Partners With Finexio to Expand AP Offering
The new partnership will help expand Proactis offerings with an AP (Accounts Payable) payments service
Binance Lawsuits Keep Piling: Influencers Sued for Promoting Unregistered Securities
As if lawsuit initiated by the United States Commodity Futures Trading Commission (CFTC) wasn’t enough, crypto exchange Binance has a new $1 billion lawsuit filed against against it, CZ and three crypto influencers involved in promoting certain crypto assets
Bank of China Calls For Tougher Financial Safeguards
Official representatives of the People’s Bank of China have called for a change in the rules of financial regulation in the direction of tightening.
UK Antitrust Investigation of Apple Stops After Appeal Win
In the UK, the investigation of the local regulator against Apple has been suspended.
India’s National Contactless Transit Card Rolls Out in Bengaluru
Metro passengers of the Indian city of Bangalore got the opportunity to pay for travel contactless using the RuPay-enabled National Shared Mobility Card (NCMC).
Digital Lending Platform Presta Raises $3.3 Million
A comprehensive digital lending platform Presta has been launched.
Singapore and Malaysia Launch Cross-Border QR-Code Merchant Payments
Singapore and Malaysia announced the unification of the payment systems of the two countries.
Lloyds and NatWest Сlose More Branches
Lloyds Banking Group and NatWest have decided to discontinue the operation of even more traditional bank branches.
Silvergate, Silicon Valley Bank, and Signature: Big Picture in Small Details (Part 2/3)
The end of Silvergate, Silicon Valley, and Signature banks, in three not-so-concise parts, examines deficiencies of centralized cryptocurrency companies, impotent scrambling of the US banking system, administrative pushback against decentralized finance in the US, and the outcomes for the public and the crypto industry.
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