Meta drops crypto project Diem due to regulatory roadblocks
The Diem Association has sold its intellectual property and tech assets to Silvergate Capital in a $182m deal.
Blockchain
FTX Trading secures $400m Series C funding at $32bn valuation
The firm now claims to be the third-largest crypto exchange in the world.
CoinTracker lands unicorn status with $100m Series A round
Users collectively track over $50 billion in crypto assets on CoinTracker.
Digital acceleration shines a light on new challenges facing small businesses
The search for adequate SME funding and opportunities to minimise costs are at an all-time high.
Digital asset custody platform Fireblocks worth $8bn following $550m Series E
The round makes Fireblocks the highest-valued digital asset infrastructure provider in the world.
Fintech start-up destream to launch bank card aimed at internet content creators
Destream says banks often block large payments from donations and platform subscriptions.
The proliferation of digital transformation: from ‘nice to have’ to a necessity for success
Digital transformation has become the benchmark for survival in the financial market.
Baton Systems appoints ex-Barclays exec as its first COO
David Ornstein steps into a newly-created role of chief operating officer (COO) at Baton.
Crypto asset software and data provider Lukka lands $110m in Series E
New York-based Lukka is now valued at $1.3 billion.
Crypto IRA software platform iTrustCapital secures $125m in growth equity
The growth equity investment round values the company at more than $1.3bn.
BitPay hires payments veteran Jim Lester as first COO
BitPay CEO says appointment of COO was necessary as more payments move to the blockchain.
USDF Consortium launches to develop and promote bank-minted stablecoin
The FDIC-insured banks want to “unlock the financial opportunities” of blockchain technology.
Digital asset fintech Zero Hash lands $105m in Series D round
The round saw participation from Bain Capital, NYCA and Point72 Ventures.
Checkout.com secures bumper $1bn Series D round at $40bn valuation to boost US growth
The paytech has now raised around $1.8 billion in total funding to date.
Fintech start-up Twig raises $35m to support Web 3.0 plans
The London-based fintech intends to expand into the EU and US in 2022.
Customers Bank brings digital asset bankers onboard
Investment “signals we are a serious participant in this space”, says CEO.
NetCents Technology hires Sholeh Atash as COO
NetCents says Atash will have executive oversight to ensure that all key performance metrics are met.
Alternative retirement investment platform Alto raises $40m in Series B
The firm claims more than 15,000 IRA investors with a billion dollars of assets under custody.
The heart of the matter: three predictions for 2022
It’s that time of year when crystal ball gazing is de rigueur.
ICYMI funding round-up: Anfin, Cion Digital, D2X, KRM22, & Orenda Finance
Our weekly “In Case You Missed It” funding round-up for you to get the latest funding news.
Four fintech trends to watch in 2022 and beyond
The rise of Web3, instant checkout, and embedded finance are just a few reasons 2022 will be a pivotal year for fintech.
Digital asset infrastructure provider Anchorage raises $350m in Series D round
The round, led by global investment firm KKR, values Anchorage at over $3 billion.
Carbon as a currency
Linking currency to carbon could open the door to a better and more sustainable economy.
Nuvei partners Visa to launch branded crypto debit cards across Europe
The programme plays “a vital role in expanding the crypto ecosystem”, Nuvei CEO says.
HSBC and Wells Fargo launch blockchain-based FX settlement solution
The shared, private ledger enhances settlement speed and efficiency and reduces risk.
Cartoon: The Pied Piper
A new cartoon illustrating the pull of the current crypto and blockchain industry to draw in talent and capital.
Novi chief and co-creator of Diem David Marcus to leave Meta
Marcus is stepping down to pursue new entrepreneurial opportunities after seven years at the firm.
Swift changes for guarantees – are banks ready to deliver a digital trade service?
The new Swift CAT7 standards will have a significant impact on the trade finance industry, but are banks prepared?
Video: fintech news pick of the week – MoonPay, Airwallex & Gemini
Our top pick of news from the world of finance and tech in bitesize video format, every week.
Crypto platform Gemini secures $400m in first outside funding round
The new capital injection values the company at $7.1 billion.
How blockchain and cryptocurrencies can deliver financial inclusion for Africans
The uptake of blockchain and crypto has been growing in Africa, driven by the economic climate on the continent.
Fintech funding deals globally 1 November – 7 November 2021
Featuring Mynt, Plate IQ, Chipper Cash, Mythical and Moonfare.
Joshua Barraclough moves from JP Morgan to crypto trading platform Bitpanda
The new recruit takes the CEO role at Bitpanda’s crypto exchange, Bitpanda Pro.
The law of unintended consequences
I’ve been spending a lot of time thinking about programmable money. And this stuff scares me.
Sibos 2021: Banks must work together to make the most of CBDCs, says panel
Panel says interoperability of CBDCs is necessary to avoid inefficiencies and poor outcomes.
Sibos 2021: Citi’s Paco Ybarra says banks must adapt and collaborate in a rapidly changing world
Ybarra says that banks like Citi must work with, rather than against, change.
Sibos 2021: The technologies that will shape the immediate future of fintech
Which technologies look set to have the most impact on the fintech sector?
Sibos 2021: Financial services and the fight against climate change
How could climate change impact the finance industry and what more can companies do to tackle the issue?
Fintech funding deals globally 4 October – 10 October 2021
Featuring Devoted Health, CoinSwitch, Ajaib, Sky Mavis and Masterworks.
Daily News at Sibos 2021
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