German Crypto Exchange Nuri Files for Insolvency

Cryptocurrency exchange Nuri has filed for insolvency, reportedly becoming Germany’s first fintech to take the step in a challenging year for startups in the industry.

Blockchain in Fintech Sector Expected to Hit $31.4B by 2030

Blockchain in the FinTech market is anticipated to reach $31.4 billion by 2030, given that the penetration of this cutting-edge technology in the financial industry has boosted app-based operations.

Native Payment Infrastructure, Airswift, Raises $2M in Pre-Seed Funding Led by CE Innovation Capital

PRESS RELEASE. Vancouver, August 8, 2022 – Airswift, a fintech startup pioneering Web 3.0 native payment solutions, announced that it raised $2 million USD in a pre-seed funding round led by CE Innovation Capital (CEiC).

Indian authorities freeze $8.1M in WazirX funds as part of AML investigation

The Directorate of Enforcement of India alleged that WazirX "actively assisted around 16 accused fintech companies in laundering the proceeds of crime using the crypto route." India’s Directorate of Enforcement, or ED, has announced it froze roughly $8.1 million in funds and conducted a search connected to cryptocurrency exchange WazirX as part of an investigation into instant personal loan fraud.In a Friday announcement, the Directorate of Enforcement alleged WazirX facilitated transactions by unnamed fintech firms “to purchase crypto assets and then launder them abroad” as part of a scheme involving Chinese-backed companies circumventing India’s licensing regulations.

Fintech Unicorn Revolut Still ‘Bullish on Crypto’ Amid Fresh Hiring Spree

Among the many financial and crypto companies looking to cut back, Revolut has emerged as one of the few firms adding to its headcount.

Revolut Launches Cryptocurrency Exchange Services in Singapore

British Fintech firm Revolut has launched a digital currency trading service in Singapore amid a tightening regulation from regulators.

Revolut Planning to Increase Crypto Staff by 20% During Bear Market

The fintech firm still has more customers trading cryptocurrencies than in July 2021. 

Fintech Firm Galoy Raises $4 Million, Startup Introduces Bitcoin-Backed Synthetic Dollar Product

On Wednesday, Galoy, the firm behind El Salvador’s Bitcoin Beach Wallet, announced that the company raised $4 million in funding in an investment round led by Hivemind Ventures.

Ripple Joins Forces With Singaporean Fintech Giant to Improve Cross-Border Payments

Following the agreement with Ripple, FOMO Pay will aim to provide instant cross-border payments in USD and EUR.

FOMO Pay taps Ripple’s liquidity solution for treasury management

Ripple has continued to see adoption for its remittance technology from private institutions despite the ongoing lawsuit in the United States. Singapore-based institutional digital payment solution provider FOMO Pay has become the latest fintech firm to integrate Ripple’s liquidity solution called on-demand liquidity (ODL).FOMO Pay would use the popular crypto enterprise technology to improve its cross-border treasury settlements.

Investors shifting toward lower-risk crypto yields — Block Earner GM

The Australian fintech company has seen a surge in investors wanting a “less risky version” of double-digit crypto returns.

The best bear market plan? 'Relentless optimism for the future,' says fintech CEO

Paystand CEO Jeremy Almond said that companies must be resilient and optimistic about the world that they are creating.

Strict Thai crypto regulation causes SCB to delay Bitkub acquisition

SCB X notified the Stock Exchange of Thailand that the Bitkub acquisition is “still undergoing due diligence.” Thailand’s oldest bank is unable to acquire the country’s largest local cryptocurrency exchange due to stringent crypto regulations.As reported by Cointelegraph in November 2021, SCB X Group, a subsidiary of Siam Commercial Bank (SCB), was set to acquire a 51% stake in Bitkub by the second quarter of 2022 as part of a plan to become a regional fintech.

Millennial Investors Open the Most Crypto Accounts in Q2, Apex Report Shows

A report conducted by investing platform Apex Fintech Solutions (Apex) shows nearly 370,000 new crypto accounts opened in Q2.

Amici status update: SEC's latest filing aims at XRP holders and...

The ever-lasting litigation between the US regulator (SEC) and the San Francisco-based fintech firm, Ripple, continues to see new developments.

Fintech and Bitcoin Payments Firm Zebedee Raises $35 Million From Kingsway Capital, Square Enix

On Tuesday, the fintech and payment processor Zebedee announced the company has raised $35 million from Kingsway Capital, Raine Group, and video game giant Square Enix.

Leading Auction House Christie’s Launches Web3 and Fintech Venture Arm

On Monday, Christie’s, the leading British auction house founded 256 years ago in 1766, announced the launch of a new venture fund called Christie’s Ventures.

Finder’s Fintech Experts Predict Cardano Will End the Year at $0.63 per Unit

Following the recently published bitcoin price prediction report issued by the product comparison web portal finder.com, the site’s researchers polled 53 financial technology (fintech) specialists in order to forecast the future value of cardano (ADA).

Fasset to Drive Financial Inclusion in Indonesia with Mastercard

Digital assets-based fintech startup Fasset Technologies has partnered with payments giant Mastercard to drive financial inclusion in Indonesia.

UK’s government-backed Millicent Labs demos a retail full-reserve digital currency

The issuer says the currency avoids pitfalls of central bank digital currency and stablecoins while bridging blockchain and traditional financial technology. A sandbox test of a retail full-reserve digital currency (FRDC) has been completed in the United Kingdom, distributed ledger fintech company Millicent Labs announced on Thursday.

Data transfer network Plaid integrates 4 major crypto exchanges

The San Francisco-based fintech company now supports Binance.US, Gemini, Robinhood and SoFi accounts.

Finder’s Bitcoin Prediction Report Expects BTC to Bottom at $13,676 and End the Year at $25,473

According to the latest crypto prediction report published by the product comparison platform finder.com, 77% of 53 fintech specialists polled in the report say cryptocurrency markets are officially in a “crypto winter.” The poll further explains that only 29% of the report’s participants believe the bear market will end in 2022.

LBank Exchange to list Future of Fintech (FOF) on 15 July 2022

LBank Exchange, a global digital asset trading platform, will list Future of Fintech (FOF) on July 15, 2022.

Brazilian Fintech Firm PicPay Plans to Launch Crypto Services

Brazilian financial technology company, PicPay wants to bring crypto payments to its users by using its app.

Korean Fintech Giant Dunamu to Create 10,000 Web3 Jobs and Invest $380 Million (Report)

Despite the ongoing bear market, Dunamu revealed intentions to distribute nearly $400 million into the crypto sector and create thousands of jobs.

Picpay to Offer Cryptocurrency Services in Brazil to More Than 60 Million Customers

Picpay, one of the most popular payments fintech companies in Brazil, has announced that it will start including cryptocurrency services in its app.

Korean fintech giant plans to create 10K Web3 jobs amid bear market

Dunamu would open offices in major cities and create about 500 new startups focused on NFTs and the Metaverse.

Nigerian Mobility Fintech Secures $20 Million From British Development Finance Institution

A Nigerian fintech, Moove, recently secured a $20 million investment from British International Investment (BII).