News list for "Technology company"
According to Fortune, fintech startup Slash completed a $41 million Series B financing round led by Goodwater Capital. Slash, which allows businesses to exchange fiat and cryptocurrency assets and manage their various cryptocurrency assets, currently has 35 employees and plans to use the new financing to expand its business and enter new areas.
Antalpha Platform Holding Company ("Antalpha") today announced that its initial public offering (IPO) will be priced at $12.80 per common share and a total of 3,850,000 common shares will be issued. The company's common shares have been approved to list on the NASDAQ Global Market and are expected to begin trading on May 14, 2025 under the ticker symbol "ANTA". The offering is expected to close on May 15, 2025, subject to customary closing conditions. It is reported that...
According to the OCCRP (Organized Crime and Corruption Reporting Project) investigation, the three co-founders of crypto fintech company Bankera, Vytautas Karalevičius, Justas Dobiliauskas and Mantas Mockevičius, are suspected of misappropriating nearly half of the $114 million raised in the 2018 ICO to purchase luxury houses in France's Côte d'Azur and Lithuania through controlled banks, and issuing millions of euros in personal loans. Although the lawyer denied the fraud, the BNK token divi...
Robinhood, a US fintech company, is launching its US stock options trading service to UK customers and plans to expand further to tax-free accounts (ISAs) in the UK in the coming period. Jordan Sinclair, president of Robinhood UK, said customers have been clamouring for options trading since the company launched its service in the UK last year. He pointed out that options contracts that customers can trade include NVIDIA, Tesla stock options and S & P 500 index options. These transactions are st...
On February 10, Foreign Ministry Spokesperson Guo Jiakun chaired a regular press conference. Bloomberg reporter asked, according to the Wall Street Journal, China is drawing up a list of US technology companies that will face antitrust investigations. What is the spokesperson's comment on this? Guo Jiakun said that he is not aware of the specific situation you mentioned. China always opposes the practice of generalizing the concept of national security and politicizing economic, trade and techno...
The US FTC (FTC) has released a study on partnerships between big tech companies and the artificial intelligence (AI) industry. The FTC examined the partnerships between big tech companies and AI companies, and the report said the Microsoft-OpenAI partnership raised antitrust concerns. The FTC has already questioned major tech AI investments in 2024.
Revolut, a British fintech company, has announced that it has become the first bank data publisher to join the multi-chain Pyth network. Revolut brings its digital asset quote and transaction data Transmission Service to Pyth's price oracle, enabling decentralized finance (DeFi) developers to apply real-time market data to decentralized applications (dApps). Revolut said the partnership will drive financial modernization, providing users and developers with accurate real-time data, while enablin...
On January 8, Raafi Hossain, co-founder and CEO of Fasset, a Middle Eastern fintech company that is interested in entering the stablecoin space, introduced several examples of customers using stablecoins, including the sale of a Dubai property worth $8 million, Tanzanian buyers buying Indonesian-made cooking oil, renting Palm Jumeirah villas and private yachts for $100,000 rent. Fasset is a Dubai-based "super app" that focuses on...
Galaxy Ventures predicts a surge in crypto M & A activity in 2025 as fintech, banking, and tech companies return to the crypto space. Will Nuelle, general partner at Galaxy Ventures, said stablecoins and payments have actually impacted the real fintech business, so we expect M & A to mostly happen there. Will Nuelle also expects initial public offering (IPO) activity to resume as U.S. regulatory transparency improves, creating more opportunities for cryptocurrency companies to enter the public m...
Canadian fintech company Nuvei has launched a payment settlement service using stablecoins for merchants in Latin America. Interoperability platform Rain, digital custodian BitGo and credit card issuer Visa are partners in its blockchain-based solution. Latin American merchants participating in the Nuvei solution will be able to use physical or virtual Visa cards to pay in stablecoins through digital wallets. BitGo will provide custody of digital assets. This service will be available anywhere V...
According to Bitcoin.com, Spanish real estate technology company Enlace has revealed that the number of real estate transactions using some form of cryptocurrency as a means of payment has increased significantly this year. The company found that the use of these payment methods increased by 15% in 2024 due to the advantages of quick access to funds compared to traditional home purchase methods and more economical compared to international bank transfers. This trend is particularly evident in ma...
Siam Commercial Bank (SCB), whose new stablecoin service was tested through the Bank of Thailand's regulatory sandbox, recently said it would start offering customers a stablecoin cross-border transfer and money transfer service in partnership with Lightnet, a fintech company. The service will allow customers to send or receive cross-border transactions 24 hours a day, 7 days a week, while reducing transaction costs.
On October 13, Australian energy technology company Powerledger announced the completion of the integration with the Solana mainnet. This integration makes its POWR token available on Ethereum and Solana. There is no change in the total token supply. POWR will continue to serve as a payment token for Ethereum and Solana platform services, incentivizing green behaviors such as offsetting carbon emissions and reducing energy consumption.
Fintech firm Revolut Ltd. is spinning off its €8.50 billion ($9.50 billion) wealth management product into a standalone app, seeking to compete with the likes of Robinhood and eToro for a bigger share of the retail investor market, Bloomberg reported. The app, called Revolut Invest, will be available in...
Hong Kong-based virtual bank WeLab has announced that it has formed a consortium with Thai fintech company Lighthub Asset, and has submitted an application for a digital banking license to the Central Bank of Thailand. The results of the application are expected to be announced in the first half of 2025. It is reported that Lightnet Group has obtained licenses from the Bank of Thailand and four other Asian and European central banks. It uses artificial intelligence and blockchain technology to p...
