News list for " technology companies"
Artificial intelligence company Scale AI is under investigation by the U.S. Department of Labor.
French fintech company Spiko has deployed its tokenized U.S. and European Union T-Bills money market fund on Arbitrum One to bring institutional-grade investment assets to the L2 blockchain, which is regulated by the European Commission's Collective Investment Scheme for Transferable Securities (UCITS). Two UCITS-compliant investment vehicles with tokenized shares are USTBL and EUTBL.
Web3 fintech company JUST Finance has announced the launch of PHPX, a bank-backed stablecoin in the Philippine peso, in partnership with several local banks, including: United Bank of the Philippines (UBX), Rizal Commercial Bank (RCBC), Cantilan Bank, Rural Bank of Guinobatan, and other commercial and rural banks. It is reported that PHPX will be backed by a consortium of regulated banks and asset managers to ensure financial backing and real-time audits, and can only be obtained through holding...
Revolut, a British fintech company, has expanded cryptocurrency trading to 30 new European markets.
Bitrace, a Hong Kong-based regulatory technology company, has released the Web3 Fraud Handbook 2024. Based on a large number of real-life Crypto fraud investigation examples, the handbook provides a dissection of the main fraud methods currently in use. It is designed to help individual investors and outsiders with different levels of participation identify and circumvent crypto fraud, prevent asset loss, and help institutional investors or OTCs identify crypto funds associated with fraudulent a...
On October 18th, Pan-African financial technology company Yellow Card completed a $33 million Series C financing round, led by Blockchain Capital. Yellow Card is a pan-African fintech company that provides stablecoin-based financial infrastructure. As the continent's largest and first licensed stablecoin inbound/outbound platform, the company offers businesses of all sizes a safe and cost-effective way to buy and sell USDT, USDC, PYUSD and more in local currencies - either directly or through it...
The Palau government has partnered with Japanese fintech company Soramitsu and the Japanese Ministry of Economy, Trade and Industry (METI) to launch a blockchain-based savings bond prototype system "Palau Invest", which has now completed the prototype and launched a public demonstration system. Palauans can learn about the system before the Palauan Ministry of Finance issues bonds. Once the Ministry of Finance finalizes the bond issuance criteria and receives approval from the Palauan government...
Ledn Platform, a crypto-focused fintech company, says that as Bitcoin (BTC) adoption increases and interest rates fall, more and more Financial Institution Groups are experimenting with Bitcoin mortgages. In the first half of 2024, Ledn processed about $1.16 billion in cryptocurrency loans, most of which came from Financial Institution Group, with annual yields of more than 10%. The bitcoin mortgage market is currently around $8.50 billion and is expected to grow to $45 billion by 2030. Ledn com...
Australian energy technology company Powerledger has announced an integration with the Solana ecosystem, an integration designed to add to the "clean energy and sustainability narrative within the blockchain space". Powerledger will integrate its products with the Solana mainnet and cease operating its own Solana Virtual Machine (SVM) blockchain. Powerledger said, "At the heart of Powerledger and Solana is a shared vision of innovation, sustainability and transparency - as the world shifts towar...
On September 18, Singapore-based fintech company Xalts is partnering with smart contract platform Avalanche to support financial services, government, and other enterprise developers in building digital asset platforms for deploying blockchain, tokenization, and smart contract applications. Xalts explains that through its partnership with Avalanche, it will provide out-of-the-box solutions for a variety of use cases, such as funds, securities, commodity and trade finance asset tokenization, digi...
Fintech firm tZERO Group Inc. said it has received approval from U.S. regulators to become a special-purpose broker-dealer for "digital asset securities custody," the second company to receive the license. The Securities Exchange Commission and the Financial Industry Regulatory Authority have given tZERO approval to custody digital assets, according to a statement released by the company on Tuesday. Previously, digital asset company Prometheum also received similar approval from the Securities E...
Biptap, a privacy-focused fintech company, announced the completion of a $2 million Pre-Seed round of financing. The name of the investor has not been disclosed, but it is reported that it includes several Web3 decentralized investment funds, a travel service provider with a 2.50 million hotel network, a crypto company that once owned a MotoG racing team, and a former founder of a crypto investment fund. The new funds will be used to expand its business beyond Web3 to ensure that users can contr...
Revolut, a fintech company that has won a banking licence in its home country of the UK after more than three years of application, said on Thursday that the London-based company had entered the "mobilisation phase" of the Prudential Regulation Authority (PRA), which aims to allow new banks to operate under restrictions. The approval means that Revolut is about to become a full-fledged bank in the UK, while also being authorized to provide cryptocurrency services. Revolut has allowed the buying ...
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