SEC threatens suit over Coinbase crypto lending product
Coinbase’s CEO and chief legal officer admonish US markets regulator over lack of clarity.
Cryptocurrency
Trade surveillance fintech Eventus secures $30m Series B funding
Eventus will use the Series B cash to continue its growth.
Globalisation, crypto and the new cold war
The emergence of blockchain and digital currencies is sparking a new tech battle across the world.
Investcorp tech fund snaps up e-wallet firm MIR
The acquisition marks the eighth investment from the private equity firm’s Investcorp Technology Fund IV.
BitConnect faces $2bn SEC fraud charge
SEC alleges BitConnect and founder Satish Kumbhani siphoned investor funds into digital wallets.
Crypto exchange FTX.US acquires derivatives platform LedgerX
The firm aims to bring regulated crypto derivatives to its US user base.
Reserve Bank of India plans CBDC trials by 2022
India’s central bank is still being “extremely careful” about its tests.
API fintech Alpaca secures $50m in funding
The stock brokerage platform also announced a new crypto offering and a partnership with Plaid.
Aspiring challenger bank W1TTY receives UK EMI licence
The firm’s smart finance app will launch in the UK early next year.
FCA says crypto exchange Binance is “not capable” of supervision
UK regulator issued a now-revealed warning to Binance in June.
PayPal launches UK crypto service
It is the first international expansion of the service outside the US.
Coinbase deploys Solarisbank to streamline onboarding in Germany
Cryptocurrency platform deploys new systems to improve KYC.
Fintech funding deals globally 16 August – 22 August 2021
Featuring DriveWealth, Sightline Payments, Bitpanda, PalmPay and Reali.
Bitpanda valued at $4.1bn after $263m Series C raise
Austrian firm has now raised around $546 million in total funding.
Blockchain security start-up CertiK lands $24m in Series B extension
The “Series B+” investment comes just one month after the firm’s $37 million Series B round.
Fintech funding deals globally 9 August – 15 August 2021
Featuring Carta, Uala, FalconX, M-DAQ and TaxBit.
CoinDCX lands $90m Series C funding to become India’s first crypto unicorn
The round was led by Facebook co-founder Eduardo Saverin’s B Capital Group and returning investors.
Digital assets platform FalconX hits $3.75bn valuation with $210m Series C round
The California-based firm plans further growth and strategic acquisitions.
Circle announces plans to become a national digital currency bank
The firm says it will operate under the supervision of US financial regulators.
Fintech funding deals globally 2 August – 8 August 2021
Featuring Rapyd, Human Interest, Unico, Matrixport and Kuda.
ICYMI funding round-up: Snoop, Easy, Wildfire Systems, Ritmo & more
Another batch of funding rounds that might have flown under your radar.
NCR to acquire crypto ATM firm LibertyX
The deal will see NCR deploy LibertyX across its software suite.
The future of paytech in APAC
Some of the emerging paytech trends that have gained momentum in APAC.
Greengage bank seeks Gibraltar licence to serve SMEs and crypto firms
New firm wants to be Gibraltar’s first digital merchant bank.
Nigerian central bank plans October 2021 digital currency pilot
The central bank ordered the cessation of cryptocurrency exchange services in February.
Russian central bank asks exchanges to avoid cryptocurrency firms
Bank of Russia asks stock exchanges not to list crypto-adjacent companies.
OKCoin partners Worldpay to expand global merchant acquiring
Cryptocurrency exchange wanted “a proven and experienced partner”.
FTX Trading hits $18bn valuation with $900m Series B round
The Series B is one of the largest ever funding rounds for a crypto exchange.
Finnovex Southern Africa – 27th and 28th July 2021
The event, being organised by Exibex, will be held virtually.
Record £180m worth of crypto seized by Met Police in money laundering probe
The operation follows the seizure of £114 million worth of crypto in June.
Singapore start-up Bambu acquires investment and trading wealthtech Tradesocio
Bambu plans to tap into Tradesocio’s presence across EMEA and India.
What the Fintech? | S.2 Episode 15 | Data after tomorrow
Bradley Riss, chief commercial officer at Checkout.com, joins us on this latest episode.
Monetary Authority of Singapore and Banque de France conduct cross-border CBDC test
The experiment was supported by JP Morgan’s blockchain innovation lab, Onyx.
Circle to go public in $4.5bn SPAC deal
The combined company plans to float on the New York Stock Exchange (NYSE).
ICYMI funding round-up: Toqio, Coincover, AREX Markets, Lidya & more
Another batch of funding rounds that might have flown under your radar.
Video: fintech news pick of the week – Danske Bank, Rapyd and Deutsche Börse
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
Blockchain data platform Chainalysis raises $100m in Series E round
It says it will use the funds to “execute its vision as the blockchain data platform for cryptocurrency”.
FCA research reveals 21% increase in cryptoasset ownership
The watchdog estimates that around 2.3 million adults in the UK now hold cryptoassets.
Blockchain Capital announces $300m investment fund backed by PayPal and Visa
The fund will be used to support the development of blockchain technology.
Blockchain start-up Securitize lands $48m Series B round co-led by Morgan Stanley
US banking giant says “we believe in the growth and adoption of digital asset securities”.
