UK Firm Paydek Taps Ripple Blockchain To Extend Near-Instant Payments To Latin America And Africa

RippleNet, the blockchain-based enterprise global payments network of Ripple, is primed to increase its footprint in Latin America and Africa with a remittance firm set out to unveil cross-border remittances using the tech. Based in London with a keen focus on payment services for both corporate and individual clients, Paydek has joined RippleNet in an… Continue reading UK Firm Paydek Taps Ripple Blockchain To Extend Near-Instant Payments To Latin America And Africa

Inhaler firm Vectura removed from conference over Philip Morris takeover

Academics object to UK company’s sponsorship of pharmaceutical event after tobacco giant seals £1.1bn deal First published on Thu 16 Sep 2021 02.32 EDT Asthma inhaler maker Vectura has been excluded from a pharmaceutical conference after academics staged a rebellion over the company’s £1.1bn takeover by cigarette company Philip Morris International (PMI). PMI effectively sealed… Continue reading Inhaler firm Vectura removed from conference over Philip Morris takeover

UK-based banking firm Standard Chartered joins Global Digital Finance patron board

Standard Chartered, a United Kingdom-based multinational banking firm, has joined an alliance of fintech companies and banks aimed at accelerating the adoption of best practices of cryptocurrencies. In a Wednesday announcement, Standard Chartered said it would be joining crypto and digital finance industry membership body Global Digital Finance, or GDF, Patron Board. As a member,… Continue reading UK-based banking firm Standard Chartered joins Global Digital Finance patron board

Korean firm will become first BSN portal operator outside of China

Red Date Technology, one of the four founding members of the Chinese Government-backed Blockchain Service Network (BSN), has announced Korean firm MetaverseSociety as the first BSN portal operator located outside of mainland China. Twitter account “BSNbase” broke the news on Sept. 1, announcing that MetaverseSociety expects to launch its BSN portal during November of this… Continue reading Korean firm will become first BSN portal operator outside of China

Samsung Becomes Latest Firm to Join Bank of Korea (BOK) CBDC Pilot Project

Tech giant Samsung has revealed that it will take part in the central bank digital currency pilot project by the Bank of Korea.  Samsung Joins BOK Digital Currency Pilot Project This latest development was revealed by the local news outlet The Korea Times on August 12, 2021. Korea’s apex bank began trials for the digital… Continue reading Samsung Becomes Latest Firm to Join Bank of Korea (BOK) CBDC Pilot Project

Crypto analytics firm Messari concludes $21M Series A led by Point72 Ventures

Cryptocurrency market intelligence provider Messari has concluded a $21 million fundraise that was supported by some of the biggest venture firms in blockchain, once again highlighting growing investor appetite for budding crypto startups.  The new funding will aid Messari in expanding its product suites as well as hiring and retaining more engineering and research talent.… Continue reading Crypto analytics firm Messari concludes $21M Series A led by Point72 Ventures

City firm bags ₹350-cr. order from Maldives

Chennai-based Indira Group of Companies has drawn up plans to enter the Maldives, Mauritius and African markets as part of its expansion programme. “We are in the process of bagging orders close to ₹1,000 crore this calendar year,” said Bhupesh Nagarajan, chairman and founder. Two projects of more than ₹800 crore are to be executed… Continue reading City firm bags ₹350-cr. order from Maldives

City firm bags ₹350-cr. order from Maldives

Chennai-based Indira Group of Companies has drawn up plans to enter the Maldives, Mauritius and African markets as part of its expansion programme. “We are in the process of bagging orders close to ₹1,000 crore this calendar year,” said Bhupesh Nagarajan, chairman and founder. Two projects of more than ₹800 crore are to be executed… Continue reading City firm bags ₹350-cr. order from Maldives

US footwear firm buys Sweaty Betty in $400m deal

Wolverine Worldwide deal means UK workout brand’s founders will further loosen ties Last modified on Tue 3 Aug 2021 13.09 EDT Sweaty Betty, the upmarket British workout gear brand, has been sold to a US footwear firm in a $410m (£295m) deal that will all but sever ties between the company and the husband-and-wife team… Continue reading US footwear firm buys Sweaty Betty in $400m deal

BREAKING: Stablecoin firm Circle to go public in $4.5B blank-check deal

Circle, a Goldman Sachs-backed fintech company focused on stablecoin development, has officially announced Thursday its plans to go public. Under the terms of the agreement, a new Irish holding company will acquire both Concord and Circle and become a publicly-traded company that is expected to be listed on the New York Stock Exchange (NYSE) under… Continue reading BREAKING: Stablecoin firm Circle to go public in $4.5B blank-check deal

Crypto mining firm Argo Blockchain eyes secondary Nasdaq listing

Argo Blockchain, a publicly traded blockchain technology company focused on cryptocurrency mining, is looking at a potential secondary listing on the Nasdaq exchange. On Tuesday, the company announced that it is now exploring the possibility of a secondary listing on the Nasdaq as part of its operational and strategic update for June 2021. Argo Blockchain said… Continue reading Crypto mining firm Argo Blockchain eyes secondary Nasdaq listing

Litter claw firm sees boom in business during lockdowns

Litter claw firm hires 50 more staff to meet demand as picking up rubbish becomes more popular as a result of lockdown Ledbury-based Helping Hand hired more staff as war on litter ramped up in UK  The firm produces litter ‘claws’ – and saw a boom in business during lockdowns   Company is supporting Mail-backed Great… Continue reading Litter claw firm sees boom in business during lockdowns

Delivery firm Getir to expand into US after $550m funding round

Turkish company founded in 2015 valued at $7.5bn as investors race to buy into ultrafast grocery delivery Last modified on Fri 4 Jun 2021 12.12 EDT The fast-track grocery delivery firm Getir is set to expand into the US, France and Germany after raising more than $550m in a funding round that values the Turkish… Continue reading Delivery firm Getir to expand into US after $550m funding round

Mike Novogratz-backed firm announces $100M crypto investment fund

Cryptology Asset Group, a Malta-based investment outfit co-founded by serial entrepreneurs Mike Novogratz and Christian Angermayer, is set to offer support for crypto VC firms. In a release issued on Thursday, the European holding company announced plans to float a $100-million investment into first-time crypto funds. As part of the announcement, the investment outfit revealed… Continue reading Mike Novogratz-backed firm announces $100M crypto investment fund

Fintech Firm Trovio Expands Presence In ASEAN Region With New Singapore Office

Trovio, formerly InfiniGold who operates a blockchain-powered platform for the digitization of gold and other precious metals, has announced that they have established a foothold in Singapore. Established in 2017, Trovio has developed a platform for infinite fractionalization and digitization of physical commodities. The company is a market leader in innovative product launches, having successfully… Continue reading Fintech Firm Trovio Expands Presence In ASEAN Region With New Singapore Office

Switzerland: Custody Firm to Offer DeFi, Proof-of-Stake Services to Banks

Traditional banks are steadily dripping their feet in the DeFi waters. METACO to Offer DeFi Services to Banks According to a Coindesk report published on April 13, Swiss crypto custody firm METACO is expanding its suite of services to enable clients to get exposure to more niche landscapes within the cryptocurrency industry such as decentralized… Continue reading Switzerland: Custody Firm to Offer DeFi, Proof-of-Stake Services to Banks

William Shatner-backed firm teams up with Mattereum for NFT provenance tracking

Blockchain authentication outfit Third Millennia — founded by science fiction icon William Shatner — has partnered with Mattereum, a London-based “digital twin” trading platform, to launch an initiative focused on nonfungible token provenance. “Digital twins” refer to real-world asset NFTs, or rwaNFTs — tokenized versions of physical goods. According to a press statement issued on… Continue reading William Shatner-backed firm teams up with Mattereum for NFT provenance tracking

Mining firm Hut 8 announces preliminary filings ahead of CAD$500M issue

Canadian block reward mining firm Hut 8 (TSX: HUT|OTCQX: HUTMF) has filed documents with securities regulators, ahead of a proposed issue which could see the company raising as much as CAD$500 million (US$401.36 million) from investors. The Toronto-listed firm filed a preliminary base shelf prospectus with each of the regulatory bodies in Canada’s provinces and territories, as… Continue reading Mining firm Hut 8 announces preliminary filings ahead of CAD$500M issue

Mining firm Hut 8 announces preliminary filings ahead of CAD$500M issue

Canadian block reward mining firm Hut 8 (TSX: HUT|OTCQX: HUTMF) has filed documents with securities regulators, ahead of a proposed issue which could see the company raising as much as CAD$500 million (US$401.36 million) from investors. The Toronto-listed firm filed a preliminary base shelf prospectus with each of the regulatory bodies in Canada’s provinces and territories, as… Continue reading Mining firm Hut 8 announces preliminary filings ahead of CAD$500M issue

Crypto lending firm BlockFi raises $350M in new funding round

Bain Capital Ventures, Pomp Investments, Tiger Global, and partners of DST Global have led investors in a $350 million series D funding round for the crypto lending firm BlockFi, according to an announcement on March 11. The company indicated that with the addition of these funds, as well as $100 million raised via three earlier funding… Continue reading Crypto lending firm BlockFi raises $350M in new funding round

New Zealand firm launches stablecoin backed by NZD

Auckland-based financial service provider Techemynt announced the launch of a stablecoin reportedly backed by the New Zealand dollar. In a statement from Techemynt today, the firm announced it had launched a cryptocurrency backed 1:1 by the New Zealand dollar and deployed on the Ethereum blockchain by Blockchain Labs. Techemynt is a registered financial service provider… Continue reading New Zealand firm launches stablecoin backed by NZD

Canadian firm planning to convert its Bitcoin trust to an ETF

Less than two months after launching trading for shares of its Bitcoin trust, Canada-based investment manager Ninepoint Partners is planning to change its offering to an exchange-traded fund. In an announcement on March 3, Ninepoint said it would be holding a vote for unitholders to decide on whether to convert its existing Bitcoin (BTC) trust… Continue reading Canadian firm planning to convert its Bitcoin trust to an ETF

Blockchain firm aims to build crypto city in Nevada desert

Blockchain incubator and investment firm Blockchains LLC is stepping up its plans to build a smart city in the Nevada desert east of Reno. In an interview with the Associated Press released Saturday, Blockchains CEO Jeffrey Berns said he had asked the state of Nevada to let him form a local government on the 67,000… Continue reading Blockchain firm aims to build crypto city in Nevada desert

Lending Firm BlockFi Launches Bitcoin Trust

Crypto lending platform BlockFi has revealed the launch of its Bitcoin Trust. This was revealed in a press release on Tuesday and signaled the next phase for the lending platform.  Bitcoin Trust Added By BlockFi  BlockFi had registered the bitcoin trust with the Securities and Exchange Commission (SEC) in January, according to a public filing.… Continue reading Lending Firm BlockFi Launches Bitcoin Trust