MEPs Approve Draft Legislative Framework for European Digital Identity Wallet
The European Union Committee on Industry, Research, and Energy has approved the proposed update of the European Digital Identification System.
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Kraken Agrees to Shut Crypto-Staking to Settle SEC Charges
U.S. SEC targets crypto exchange Kraken over crypto-staking services.
Maker DAO Votes to Integrate Chainlink to Help Maintain DAI Stability
MakerDAO integrates blockchain data provider Chainlink’s Automation for price updates, liquidity balancing, and maintaining the stability of Maker’s DAI stablecoin.
Identity Decisioning Fintech Alloy Launches in UK
US fintech Alloy has announced the launch of activities in the British financial services market as part of a project to expand its presence in the EMEA region.
Mastercard and Network International Unveil Fraud Prevention Tech
Mastercard and digital commerce company Network International have jointly developed a technology using artificial intelligence (AI) to combat fraud in financial transactions in the Middle East and Africa.
Lunar Raises €35 Million
Danish neobank Lunar announced the raising of financing in the amount of 35 million euros.
Ex-Nyse CIO Launches Finance App
Fierce, a financial app founded by former Nyse CIO Rob Cornish, was launched with $10 million in seed funding.
Standard Chartered and Allinpay Enables Instant Cross-Border Payments in Hong Kong
Standard Chartered Bank and Singapore-based Allinpay have made PayNow’s instant cross-border payments feature available to merchants and businesses in Hong Kong.
MakerDAO to Launch First Native Liquidity Market Focused on DAI Stablecoin
Proposed ‘Spark Protocol’ will leverage MakerDAO’s DAI stablecoin and its crypto assets for liquidity.
Flux Finance Launches Lending Token Collateralized by U.S. Treasury Debt
Flux Finance invests in U.S. government debt-backed yield farming.
Umami Finance CEO Dumps Tokens, Triggers 50% Price Drop
Several members of the Umami team have resigned as a result of O’Donnel dumping his UMAMI holdings.
Jupiter Offloads Starling Stake
Jupiter Asset Management sold its stake in digital lender Starling Bank.
Bank of London Scores $40 Million Series C Extension
Bank of London, a global startup in the field of clearing and transactional banking services, has raised $40 million as part of a Series C funding expansion.
Nine Banks Invest $45 Million in Carbon Credit Transaction Network
The banking group, consisting of nine large financial institutions, has directed investments of $45 million to the development of Carbonplace, a global network of transactions on carbon credits based on DLT, founded by them.
Revolut Launches Ethereum and Cardano Staking
Revolut will support staking a selection of tokens, with yields as high as 11.65%.
6 of the biggest trends in cryptocurrency 2023
Cryptocurrency is a rapidly evolving phenomenon that has taken the world by storm. With the rise of Bitcoin and other cryptocurrencies, the world has seen a transformation in the way people view and use money. As we move into 2023, it’s clear that the cryptocurrency trend is not slowing down and is continuing to shape […]
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