News list for " technology companies"
Matthew D. Lane, a 19-year-old Massachusetts student, has pleaded guilty to federal hacking charges. Lane hacked into the systems of a major education technology company by stealing login credentials, stealing personal information on more than 60 million students and 10 million teachers, including sensitive data such as Social Security numbers, medical records and academic grades. According to the indictment, Lane conspired with an Illinois associate to extort about $2.85 million in cryptocurren...
On May 19, according to Cryptonews, German financial regulator BaFin has granted Trade Republic, one of Europe's largest fintech companies, a full Crypto Asset Market Regulation Act (MiCA) license. The license allows the German company to provide crypto asset custody services to its 4 million users covering 17 markets and to operate in all 30 European Economic Area countries. According to the data, there are currently 25 crypto asset service providers (CASPs) in the European Union.
According to Cryptonews, German financial regulator BaFin has granted Trade Republic, one of Europe's largest fintech companies, a full Crypto Asset Market Regulation Act (MiCA) license. The license allows the German company to provide crypto asset custody services to its 4 million users covering 17 markets and to operate in all 30 European Economic Area countries. According to the data, there are currently 25 crypto asset service providers (CASPs) within the European Union that have obtained Mi...
Meta is considering returning to the stablecoin market, prompting US Senator Elizabeth Warren to advocate legislation that would ban tech giants from issuing their own currencies. The GENIUS Act, which aims to regulate stablecoins, faces changes after opposition from Senate Democrats.
Brazilian fintech company Meliuz has proposed a plan to expand its bitcoin holdings and make the cryptocurrency a strategic asset on the company's books. The company will unveil key strategic assets in its company finances to shareholders at a shareholders meeting scheduled for May 6. If shareholders approve the measure, bitcoin will be used as the company's main strategic financial asset, but the company will also seek to "generate incremental bitcoin for shareholders, whether through generatin...
According to the British Financial Times: European Union Commission President Von der Leyen said that if trade talks with Trump fail, the European Union may tax (US) big technology companies.
ATAI Life Sciences, a biopharmaceutical company, announced that it will adopt a bitcoin financial strategy and plans to invest an initial $5 million in bitcoin. Affected by the news, ATAI's share price briefly rose. Christian Angermayer, chairperson of the company, said that the company plans to invest an initial $5 million in bitcoin, while retaining sufficient cash, short-term securities and public equity to protect the company's operating funds until 2027.
Artificial intelligence company Scale AI is under investigation by the U.S. Department of Labor.
French fintech company Spiko has deployed its tokenized U.S. and European Union T-Bills money market fund on Arbitrum One to bring institutional-grade investment assets to the L2 blockchain, which is regulated by the European Commission's Collective Investment Scheme for Transferable Securities (UCITS). Two UCITS-compliant investment vehicles with tokenized shares are USTBL and EUTBL.
Web3 fintech company JUST Finance has announced the launch of PHPX, a bank-backed stablecoin in the Philippine peso, in partnership with several local banks, including: United Bank of the Philippines (UBX), Rizal Commercial Bank (RCBC), Cantilan Bank, Rural Bank of Guinobatan, and other commercial and rural banks. It is reported that PHPX will be backed by a consortium of regulated banks and asset managers to ensure financial backing and real-time audits, and can only be obtained through holding...
Revolut, a British fintech company, has expanded cryptocurrency trading to 30 new European markets.
Bitrace, a Hong Kong-based regulatory technology company, has released the Web3 Fraud Handbook 2024. Based on a large number of real-life Crypto fraud investigation examples, the handbook provides a dissection of the main fraud methods currently in use. It is designed to help individual investors and outsiders with different levels of participation identify and circumvent crypto fraud, prevent asset loss, and help institutional investors or OTCs identify crypto funds associated with fraudulent a...
On October 18th, Pan-African financial technology company Yellow Card completed a $33 million Series C financing round, led by Blockchain Capital. Yellow Card is a pan-African fintech company that provides stablecoin-based financial infrastructure. As the continent's largest and first licensed stablecoin inbound/outbound platform, the company offers businesses of all sizes a safe and cost-effective way to buy and sell USDT, USDC, PYUSD and more in local currencies - either directly or through it...
The Palau government has partnered with Japanese fintech company Soramitsu and the Japanese Ministry of Economy, Trade and Industry (METI) to launch a blockchain-based savings bond prototype system "Palau Invest", which has now completed the prototype and launched a public demonstration system. Palauans can learn about the system before the Palauan Ministry of Finance issues bonds. Once the Ministry of Finance finalizes the bond issuance criteria and receives approval from the Palauan government...
Ledn Platform, a crypto-focused fintech company, says that as Bitcoin (BTC) adoption increases and interest rates fall, more and more Financial Institution Groups are experimenting with Bitcoin mortgages. In the first half of 2024, Ledn processed about $1.16 billion in cryptocurrency loans, most of which came from Financial Institution Group, with annual yields of more than 10%. The bitcoin mortgage market is currently around $8.50 billion and is expected to grow to $45 billion by 2030. Ledn com...
