Cabital pockets $4m in seed round to further strengthen its crypto offering

Singapore-based digital assets institution Cabital raised $4m in seed funding led by SIG, Dragonfly, and GSR, pushing the company’s valuation to $40m.

UK financial watchdog issues fresh warnings on crypto risks after Kimmie K’s Insta post

UK watchdog Financial Conduct Authority (FCA) has fired a warning shot at the cryptocurrency industry, signalling it could soon come under greater regulatory scrutiny.

MAS lists the 15 finalists for its Central Bank Digital Currency solution challenge

The Monetary Authority of Singapore (MAS) has named the 15 finalists for its competition to create Central Bank Digital Currency (CBDC) solutions.

Paradigm leads $8m Series A into DeFi lending company Euler

UK-based DeFi lending protocol organisation Euler raised $8m in Series A funding led by Paradigm.

Thailand’s central bank unveils plans for digital currency pilot in 2022

The Bank of Thailand (BOT) has revealed it intends to begin a retail central bank digital currency (CBDC) pilot study in the second quarter of 2022.

Blockchain developer Blockstream hits $3.2bn valuation after Series B close

Blockstream, a developer of blockchain and bitcoin technology solutions, has reached a $3.2bn valuation following the close of its Series B.

UK seen as an attractive market for cryptoasset exposure, Nickel survey finds

A survey by Nickel Digital Asset Management has found the UK has become one of the most appealing markets for hedge fund managers that focus on crypto and digital assets.

Taiwan’s XREX snaps up $17m in fresh funding to expand its fiat currency portfolio

Taiwanese blockchain TradeTech firm XREX has closed a $17m funding round led by investment firm CDIB Capital Group and several big-name investors.

FinTech Collective closes pair of funds on $250m

Venture Capital firm FinTech Collective has closed a pair of funds, which have a combined value of $250m and will invest into FinTechs around the world.

PayPal to allow UK users buy, hold and sell cryptocurrencies

PayPal’s UK customers can buy, sell, and hold Bitcoin, Ethereum, Bitcoin Cash and Litecoin.

News Stories

How banks can strength their risk-based approach to financial crime

A recent case study by financial crime prevention firm Acuminor has detailed how banks can improve their stance of tackling the financial crime threats they face through its risk-focused technology.

Half of insurance customers would consider coverage from digital firms

A report by Capgemini and Efma has discovered that 50% of insurance customers are willing to consider coverage from digital-based firms.

Why financial institutions may need tools to understand Portuguese for due diligence

To ensure financial institutions understand the risks of doing businesses around the world, having a due diligence and adverse media screening tool that understands Portuguese is vital.

US set to sanction crypto wallets and exchanges in ransomware crackdown

The Biden Administration is expected to begin issuing sanctions against crypto exchanges, wallets and traders used by ransomware groups to crackdown on cyberattacks.

Monese unveils new BaaS platform, enters partnership with Investec

Challenger bank Monese has entered a strategic partnership with Investec Bank following the recent introduction of the former’s banking-as-a-service (BaaS) platform.

See how insurance firms can use it to personalise their offering

Did you know that by 2025, almost 30% of all data created, captured, or replicated by consumer devices will be created in real-time.

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