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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Galaxy Digital First to Issue Equity on Blockchain
A significant development in the fintech industry, Galaxy Digital has become the first US public company to issue equity directly on a public blockchain. This pioneering move involved tokenising the firm’s Security and Exchange Commission (SEC)-registered equity directly on-chain, a first in the United States. Galaxy Digital’s innovative step marks a major shift in public…
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Xero Enhances AI Tool JAX in Collaboration with OpenAI
Xero, a fintech leader, recently launched an updated version of its AI tool, JAX. This enhancement is the successful outcome of a partnership with OpenAI. Moreover, Xero introduced new features to benefit accountants and small businesses. Through this upgrade, Xero repositions JAX as an Agentic AI Platform, reaffirming its dedication to enhancing offerings through AI.…
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Hackers Target Sinqia SA in Audacious $130m Cyber Heist Attempt
Recently, hackers targeted the systems of Sinqia S.A., a Brazilian subsidiary of fintech Evertec. The goal? To steal a whopping $130 million. This bold cyberattack has rocked the fintech sector, underscoring the growing threat of cybercrime. The digital finance realm is expanding at a rapid pace, and with it, the risk of cyber threats increases.…
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Copper Integrates JitoSOL for Secure Staking Services
Copper, a digital asset firm in London, has expanded its network significantly. It now includes Jito, the driving force behind JitoSOL, Solana’s leading liquid staking token (LST). This addition enables Copper’s clients to engage directly with JitoSOL within its secure custody. Primarily serving institutional clients, Copper is renowned for its expertise in collateral management and…
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Nansen Confirms Role as Validator for Somnia Blockchain
For the fintech sector, the blockchain analytics platform Nansen has taken a significant step. They’ve confirmed their role as a validator for the ultra-high-performance Layer 1 blockchain, Somnia. This partnership paves the way for real-time, onchain experiences. It also marks a crucial step towards merging advanced analytics with high-performance blockchain infrastructure. Being a validator is…
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Crowdcube Expands Portfolio with Later-Stage Investments
UK’s leading investment crowdfunding platform, Crowdcube, recently unveiled a strategic move. They now offer later-stage investments, expanding their 1.9 million investors’ opportunities beyond the traditional start-ups and early-stage firms. Previously, Crowdcube’s offerings mainly focused on start-ups and early-stage firms, despite their high-risk nature. These investments, though potentially profitable, carry significant uncertainty. However, the addition of…
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Cybersecurity Sector Sees Resurgence in VC Activity in Q2 2025
The cybersecurity sector has seen a marked resurgence in venture capital activity in Q2 2025. This period marks the strongest quarter since mid-2022, according to the latest Cybersecurity VC Trends report from PitchBook. The report reveals a significant increase in the number of deals, with $4 billion invested across 163 transactions. A close look at…
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Etherealize Secures £40m to Build Wall Street on Ethereum
Etherealize recently secured $40 million in a funding round. This round witnessed significant contributions from Electric Capital and Paradigm. The fintech company, striving to build Wall Street infrastructure on the Ethereum blockchain, has yet again demonstrated its market potential. In 2024, Etherealize received a significant grant from Ethereum’s creator, Vitalik Buterin, and the Ethereum Foundation.…
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Affluent US Investors Remain Positive Amid Turbulence
In a year marked by economic instability and market volatility, the FTSE Russell 2025 Wealth Pulse Survey reveals that most affluent U.S. investors remain optimistic about their financial portfolios. Despite the challenges, over 80% of these investors express satisfaction with their portfolio’s performance. This resilience underscores the strength of the affluent investor demographic. The first…
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SEC and CFTC Team Up to Regulate Spot Crypto Trading
The Securities and Exchange Commission (SEC)‘s Division of Trading and Markets has teamed up with the Commodity Futures Trading Commission (CFTC)‘s Division of Market Oversight and Division of Clearing and Risk. This partnership aims at spot crypto trading, aligning with the objectives of the President’s Working Group on Digital Asset Markets. The SEC and CFTC,…
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Hong Kong’s Solowin Set to Acquire US Bank License
The Hong Kong-based financial services company, Solowin (NASDAQ: SWIN), aims to secure a US banking license. Their strategy involves acquiring a chartered American bank. Currently, Solowin is making significant strides in the digital asset sector, and this bold venture into the US market is creating a buzz. Solowin reveals the acquisition process is nearing completion.…
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Experian Reports 70% Surge in Auto Loan Refinancing
There’s a notable shift in the automotive finance sector. Consumer behaviour is changing, as Experian reports. More consumers are turning to refinancing to manage vehicle loan costs. The report shows a nearly 70% year-on-year increase in automotive refinancing. Experian is a global leader in consumer and business credit reporting and marketing services. Known for its…
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Cloudflare Urges Users to Change Info After Hack
Cloudflare (NYSE:NET), a renowned internet infrastructure provider, recently faced a security breach. Many eminent firms, including financial services companies, utilize their platform. They discovered the hack, which took place from August 12 to August 17. In this breach, hackers accessed customer data, including user tokens. Consequently, Cloudflare issued an urgent notice urging users to update…
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Crypto.com Joins Forces with Trump Media Group
Crypto.com, a Singapore-based cryptocurrency company, has recently partnered with Trump Media and Technology Group Corp. (TMTG). TMTG operates platforms like Truth Social, Truth+, and Truth.Fi, which suggests a wide reach for Crypto.com. The partnership includes integrating Crypto.com’s digital wallet into TMTG’s platforms. This integration will enable seamless transactions and exchanges, underscoring the pervasiveness of digital…
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MetaWealth and One United Tokenise €17.9m Property Bonds
MetaWealth, a real estate investment platform, has made a groundbreaking move. It has partnered with One United Properties (BVB: ONE) to offer an innovative real estate deal. This collaboration will tokenize a whopping €17.9 million worth of property-backed bonds. This first-of-its-kind initiative pushes the real estate investment boundaries. MetaWealth has confirmed a targeted return on…
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Klarna Files for $1.27bn IPO in Major Fintech Move
European fintech giant, Klarna, aims to raise an impressive $1.27 billion through an initial public offering (IPO). Originating from Sweden and now operating in the UK, this move marks a significant growth milestone for the company. The IPO represents a major step for Klarna. Over recent years, the company has expanded its services rapidly. Its…
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Zopa Group Acquires Rvvup to Boost Embedded Finance
Zopa Group, a leading digital bank, recently announced its acquisition of payment platform Rvvup. This strategic move aims to bolster Zopa’s embedded finance business, potentially tripling its operations over the next two years. With the acquisition of Rvvup, Zopa strategically enhances its operations. The integration of Rvvup’s payment infrastructure aims to boost Zopa’s point of…
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Web3 Community Discusses Stablecoins, IPOs and Tokenisation
This past week, the Web3 community has been buzzing with engaging discussions. The main topics? Stablecoins, Initial Public Offerings (IPOs), and stock tokenisation. Stablecoins caught significant attention. Many in the community feel traditional banks are overlooking these digital assets. Banks appear to be lobbying against stablecoins, seemingly to safeguard their profits. Yet, this strategy might…
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TriNet Report Reveals New Work Models in 2024 SMBs
Shaped by tech advancements, shifting employee desires, and economic pressures, the professional landscape of 2024 is ever-changing. TriNet provides a detailed study of these changes in U.S. small and medium-sized businesses (SMBs) through their State of the Workplace report, acting as a guide to navigate these shifts. The report unveils the enduring impact of the…
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AI Startups Reach Unicorn Status Following ChatGPT Launch
Since ChatGPT’s debut in November 2022, the artificial intelligence (AI) sector has experienced a significant surge in innovation, investment, and valuation growth. According to a recent report from CB Insights, 100 AI startups have achieved unicorn status, meaning they’re private companies valued at $1 billion or more. Undeniably, the launch of ChatGPT has revolutionized the…