FintechDaily – Page 86 – Fresh Dose of Fintech News

DTCC Launches Parallel Production for Its DLT-Based Settlement Platform

The Depository Trust & Clearing Corporation (DTCC) has announced that its distributed ledger technology-based alternative settlement platform, known as Project Ion, is now operational in...

Chrysalis Investments Faces Setbacks Amid Tech Market Decline

Chrysalis Investments has reported a 22% decline in the net asset value of its fund, attributed to the revaluation of fintech companies within its portfolio....

Wombat Secures £4 Million to Accelerate Global Growth

Micro-investing firm Wombat has successfully concluded a £4 million Series A funding round aimed at supporting upcoming product launches and plans for international expansion. The...

Abu Dhabi Forms Cryptocurrency Committee

Abu Dhabi has announced the creation of a government body dedicated to developing its strategy for regulating and promoting virtual assets. The Abu Dhabi Blockchain...

Wave Financial Acquires Stake in Swiss Cryptocurrency Company

US-based digital asset manager Wave Financial has made its debut in Europe by acquiring a minority stake in Swiss crypto firm Criptonite Asset Management. This...

Bybit Wallet Breach Results in $1.4 Billion in Stolen ETH

Crypto exchange Bybit has reported that hackers have stolen nearly $1.5 billion in Ethereum (ETH) from one of its cold wallets. In a post on...

Regulator Claims Bankrupt Crypto Lender Celsius Deceived Investors

Bankrupt crypto lender Celsius Network has been accused of making "false and misleading claims" regarding its "financial health and compliance with securities laws," according to...

Mastercard Launches One Credential for Versatile Checkout Options

Mastercard is introducing One Credential, a single digital credential that offers consumers and businesses a range of scheduled payment options, including debit, installments, prepaid, and...

Singapore Sees Significant Rise in Mobile Wallet Scams

The Singapore Police Force has issued a warning regarding an increase in scams involving phished card credentials and mobile wallets. Between October 1 and December...

Freetrade Initiates Crowdfunding Campaign

The day after news broke about the collapse of a funding round for Freetrade earlier this year, the UK stock trading app launched a new...