The cryptocurrency market has continued to witness remarkable growth over this past decade. However, the safe custody of digital assets remains a pressing concern for all kinds of investors. This especially holds significance in the wake of the FTX implosion and similar security breaches. As Stephan Nievergelt, product manager of custody at Crypto Finance AG, […]
Tag: STO
FCA: Bitfinex May Be Promoting Financial Services “Without Our Permission”
Bitfinex has recently come under scrutiny. The Financial Conduct Authority (FCA) raised concerns about the cryptocurrency exchange today (Friday), warning investors of potential risks associated with it. The regulator stated that Bitfinex may be promoting financial services or products without its permission. Finance Magnates contacted Bitfinex for comments. However, at the time of this publication, […]
Kraken Bolsters UK Presence with Appointment of New Managing Director
Kraken has appointed Bivu Das as the Managing Director for the UK. He brings nearly two decades of experience in commercial enterprise and fintech strategy development to his new role. His appointment happens when the cryptocurrency exchange is expanding its services in the region. Before joining Kraken, Das co-founded a crypto startup that focused on […]
Crowdfunding is Getting a Fiery Facelift With Tokenization
Crowdfunding has emerged as a transformative force in finance. For instance, global equity crowdfunding ballooned to $113.52 billion in 2022 from raising $8.61 billion in 2020. This explosion shows the popularity of crowdfunding, which is a way of raising capital from a large number of people to finance projects and businesses via online platforms. Equity […]
What Will Drive the Future of the Payments Landscape?
The payments industry is undergoing a fundamental upheaval, fueled by a dynamic interaction of innovation and regulation. As technological innovations continue to transform the financial services industry, regulators are attempting to strike a balance between encouraging innovation and protecting customers’ and financial systems’ stability. The Influence of Innovation The motor powering the payments landscape into […]
Top Payments Innovations for Consumers in 2023
The manner in which we make payments is changing. Traditional payment methods, such as cash and checks, are rapidly being phased out in favor of a slew of novel payment options aimed to make transactions faster, more convenient, and secure. From contactless payments to cryptocurrency wallets, what are some of the biggest payment technologies altering […]
Standard Chartered-backed Zodia Markets gets VASP registration in Ireland
Zodia Markets is a Standard Chartered-backed digital asset exchange and brokerage platform. The company has announced its registration as a Virtual Asset Service Provider (VASP) by Ireland’s central bank. Zodia is looking to position itself for European expansion amid the upcoming MiCA laws. Zodia Markets, a digital asset exchange backed by Standard Chartered, is now […]
Virtual Asset Management Ordinance Draft: Taiwan’s Path to Crypto Regulation
Taiwan has taken its initial steps towards the regulation of digital assets by presenting a crypto bill to the Legislative Yuan for its first reading. The proposed legislation, known as the Virtual Asset Management Ordinance Draft bill, aims to define virtual assets, establish operational standards for asset operators, ensure customer protection, and mandate membership in […]
Binance’s Market Share Slips: From 62% to 51% Amidst Regulatory Pressure
The Bloomberg Billionaires Index has revised its revenue estimate for the cryptocurrency exchange Binance, reducing it by 38% as data showed a decline in trading volumes this year. This revision has had a significant impact on the wealth of Binance’s founder, Changpeng Zhao, widely known as CZ, whose fortune has been reduced by $11.9 billion, […]
FMLS:23 Speaker Spotlight – The Power of Marketing in Fintech Startups
The fintech landscape continues to evolve in 2023, proving its influence across several elements of the financial services industry. Within this context, strategic marketing has been crucial, particularly for fintech startups. This dynamic topic will be in the spotlight this November at the upcoming Finance Magnates London Summit (FMLS), represented in a highly anticipated panel […]
