News
Stay up to date with the latest news in fintech, crypto, and digital finance. Our News section delivers concise, insightful coverage of market developments, funding rounds, regulatory updates, and innovations shaping the financial technology landscape.
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Pacaso Expands Luxury Vacation Home Co-Ownership to Mexico
Pacaso, a frontrunner in luxury vacation home co-ownership, now extends its services to Mexico. Austin Allison and Spencer Rascoff, ex-Zillow executives, launched Pacaso in 2020. The company has made significant progress in the second-home ownership market with its tech-enabled real estate platform. This platform offers a unique chance for individual investors to break into the…
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Debitum Investments Earns A-level Taxpayer Rating in Latvia
Debitum Investments, a leading Latvia-based peer-to-business (P2B) lending platform, is stepping up its game in Europe’s alternative finance industry. Thanks to its recent achievements and strategic platform development, it’s now a front-runner in the sector. In 2024, the Latvian State Revenue Service (VID) recognized Debitum Investments for its commitment to excellent business practices. The company…
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Bitcoin Suisse Expands Global Footprint in Crypto Space
Bitcoin Suisse, a crypto-financial service provider in Zug, is rapidly expanding and forming partnerships in the web3 and crypto sector. The recent news from the company highlights its 2024 achievements and shares ambitious plans for 2025. Bitcoin Suisse’s aggressive growth strategy became evident through its 2024 activities. The company broadened its global reach and formed…
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Lloyds, Aberdeen Investments, Archax Pioneer Blockchain Use in Trading
Lloyds Banking Group, Aberdeen Investments, and Archax have made a pioneering move. They’ve launched a unique collaboration aimed at boosting the use of blockchain technology in their trading businesses. Interestingly, the partnership will employ tokenized real-world assets (RWAs) as collateral, a first in the UK. If you’re new to the concept, blockchain technology provides a…
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Bondora Group Reports 17% Spike in Loan Originations
The realm of online investing is constantly changing, and Bondora Group is making significant strides. Their performance statistics from June 2025 show that they are pushing limits, particularly in managing loan recoveries. Bondora Group reported a 17.0% increase in loan originations, amounting to €28,747,468, from the previous month. Loan originations, a crucial metric for companies…
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401(k)s Accepting Private Securities: UK Impact
Exciting news for retirement planners: A WSJ.com report states that 401(k)s will soon accept private securities. As traditional defined benefit plans decline in the US, 401(k)s are becoming more prominent. However, investors have faced limitations on 401(k) allocations. This development is significant as private securities gain recognition as legitimate investment options. Previously, they were mainly…
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Kraken Crypto Platform Now Fully Operational in Washington
Washington State residents are celebrating as digital asset platform Kraken announced its crypto platform is now live and fully operational in the region. This announcement follows a period of regulatory alignment and platform enhancement. Consequently, Washington residents can now access Kraken’s full suite of cryptocurrency services. From the beginning, Kraken has focused on providing advanced…
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Fundraising News of Thursday 17 July
This week marked a significant moment for fintech. iCapital secured one of the largest funding rounds, reinforcing its leadership in alternative investment solutions. Meanwhile, Paypercut, a Bulgarian fintech startup, raised €2 million in a pre-Seed round to expand its BNPL hub. Retirable garnered $10 million in Series A funding to enhance retirement planning for middle-income…
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US House Fails to Advance Cryptocurrency Legislation
In a surprising turn of events, the House of Representatives failed to pass a procedural measure to advance cryptocurrency legislation. The vote, which took place yesterday, did not gather the necessary support, marking yet another setback in the battle for crypto regulation. This is not the first time that such a vote has faltered. It…
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ICBA Payments and Visa Renew Four-Decade Partnership
ICBA Payments, an Independent Community Bankers of America (ICBA) subsidiary, recently renewed its partnership with global payment leader, Visa. This four-decade alliance aims to equip community banks with modern payment tools and support, fostering growth. This renewal showcases ICBA Payments and Visa’s dedication to empowering local financial institutions. It also highlights their shared vision of…
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Xero and Plaid Partner to Boost US Small Business Banking
The small business platform, Xero, recently entered into a promising partnership with Plaid. They aim to boost the number of high-quality bank feeds for US customers. This move is significant, especially for small businesses that rely heavily on community-focused finance providers. Given the current global economic volatility, this partnership is timely. Small businesses need robust…
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NVIDIA Surpasses FTSE 100 with $4 Trillion Market Cap
NVIDIA has achieved a remarkable financial milestone by eclipsing the $4 trillion market cap. This achievement raises the AI chip company’s valuation above the entire FTSE 100, signifying a historic moment. Interestingly, this news aligns with NVIDIA’s recent announcement of resumed shipments to China. Consequently, NVIDIA stands as the first and only publicly traded company…
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US Crypto Bills Stumble in Crucial House Vote
Yesterday, the U.S. House of Representatives faced a significant hurdle. Several expected cryptocurrency bills failed in a key procedural vote. This unforeseen event led to a temporary recess in the House to reevaluate the proposed bills. Currently, the fintech sector eagerly anticipates three crypto bills awaiting approval. The CLARITY Act (HR 3633) is among these…
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Crypto Bills Hit Roadblock in US House of Representatives
Several cryptocurrency bills in the US House of Representatives hit an unexpected roadblock today. A cluster of Republicans voted against a procedural measure, aimed to advance the legislation. This surprising twist raises questions about the future of these crucial bills. The procedural measure under discussion was part of House Resolution (HR) 580. This resolution carried…
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US Senator Cynthia Lummis Proposes Crypto Tax Reforms
U.S. Senator Cynthia Lummis is stirring up the cryptocurrency world with her new proposed legislation. This bill aims to fundamentally change how digital assets are taxed, potentially impacting the growing crypto community significantly. Specifically, it addresses a long-standing issue in the sector: double taxation on digital assets. As it stands, digital assets like Bitcoin and…
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Tether Reveals $8 Billion Gold Reserve Boosting Stablecoin Trust
Tether Holdings SA, known for issuing the world’s largest stablecoin, USDT, recently made a strategic move. On July 8, 2025, they disclosed holding a substantial $8 billion in gold reserves. This gold is securely stored in a private Swiss vault. This sizeable gold reserve is significant, given the global financial landscape. This strategic move places…
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ZBD Gains EMI Licence and Partners with ClearBank
ZBD, a key player in developing interactive entertainment payment experiences, has made a notable stride in the fintech world. They’ve successfully acquired an Electronic Money Institution (EMI) license in the Netherlands. This achievement aligns with ZBD’s announcement of a strategic alliance with ClearBank, a leader in real-time clearing and embedded banking. The Dutch Central Bank…
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Bank of England Governor Warns Banks Over Stablecoins
Faced with the swiftly evolving digital finance landscape, Bank of England Governor, Andrew Bailey, has issued a serious warning to commercial banks. His concern is primarily about the potential issuance of their own stablecoins. Stablecoins, digital currencies pegged to a specific asset or pool of assets, are gaining global financial attention. Nevertheless, their rising popularity…
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Chicago Traders in $2bn Legal Fight with CME Group
A landmark legal battle has landed in the courtroom. Veteran Chicago floor traders are up against the CME Group, the world’s largest derivatives marketplace. The dispute involves a staggering $2 billion. Almost 4,000 traders are pursuing a class-action lawsuit. These traders, once the heartbeat of Chicago’s iconic trading pits, are claiming significant damages. They were…
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Canada Advances in Stablecoin Regulatory Space
Canada is taking a significant step in the stablecoin market’s regulatory space. A joint effort by the Office of the Superintendent of Financial Institutions (OSFI), the Department of Finance, and the Bank of Canada is developing a comprehensive legislative framework. This new initiative aims to establish clear guidelines for stablecoin issuers. Stablecoins are cryptocurrencies designed…