China bans all cryptocurrencies in huge virtual currency crackdown

The People’s Bank of China (POB) has officially announced that all transactions including cryptocurrencies are illegal with immediate effect.

Crypto firm Cobo scores $40m Series B to develop DeFi platform

Singaporean FinTech firm Cobo has raised $40m from a Series B funding round to develop what it claims is the first ever DeFi-as-a-service platform.

eToro boosts investor exposure to diverse assets with DeFi portfolio launch

Investment platform eToro has unveiled a decentralised finance (DeFi) portfolio to offer investors ‘long-term exposure to key projects in the DeFi ecosystem’.

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.

Digital currency compliance platform Coinfirm hits Series A close on $8m

Coinfirm, an AML compliance solution for digital currencies and blockchain-based financial ecosystems, has closed its Series A funding round on $8m.

Mastercard enters agreement to buy crypto intelligence firm CipherTrace

Mastercard has agreed to acquire cryptocurrency intelligence and blockchain analytics firm CipherTrace for an undisclosed fee.

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.

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.

Brokerage platform Alpaca inks $50m to help FinTechs with embedded equities, partners with Plaid

Alpaca, a stock brokerage platform that offers APIs for FinTech apps to connect and trade in US stocks, raised $50m and plans to launch cryptocurrency trading.

News Stories

H.W Kaufman enters South America with Prospect Brokers purchase

Insurance company H.W Kaufman has bolstered its footprint in the Americas with the acquisition of Chilean firm Prospect Brokers.

Aspire scores $158m in its Series B round

Aspire, a platform designed to help a business with all their financial needs, has reportedly collected $158m in Series B funding. The round was led...

Nucoro makes its platform available through the Finastra FusionStore

Nucoro, a WealthTech100 company, has made its cloud-native platform available for purchase through Finastra’s FusionStore.

Amazon moves into UK business insurance market with Superscript deal

Retail giant Amazon will begin offering insurance to UK SMEs through a partnership with broker Superscript.

BaaS platform Swan inks $16m funding to extend global footprint

Banking-as-a-service (BaaS) platform Swan has snared $16m in equity funding from venture capital firm Accel.

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