Bankrupt Crypto Exchange FTX to Distribute Between $14.5 and $16.3 billion to Customers, Creditors – Up to 118% of Claims
Crowdfund Insider
by JD Alois
1h ago
Call it fate or luck, but most FTX customers and creditors will receive their money back after the firm filed for bankruptcy protection. FTX, under the management of liquidators, said that 98% of FTX creditors would receive at least 118% of allowed claims. Other creditors... Read More ..read more
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Fireblocks Provides Support for EIGEN Token, Access to Restaking via EigenLayer, an Ethereum Ecosystem Protocol
Crowdfund Insider
by Omar Faridi
1h ago
Fireblocks now offers support for $EIGEN, alongside access to restaking via EigenLayer, a protocol in the Ethereum ecosystem. This integration allows ETH stakers “to generate additional rewards” without committing further collateral through a process called “restaking.” EigenLayer is set to launch “the first round of... Read More ..read more
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BlockFi Announces Web Platform Shut Down and Coinbase Distribution Partnership
Crowdfund Insider
by Omar Faridi
1h ago
  BlockFi says they have engaged Coinbase (NASDAQ:COIN) as their distribution partner to ensure continuity of crypto withdrawals available to their eligible BlockFi Interest Account (BIA), Retail Loan, and Private Clients. As previously reported, BlockFi emerged from bankruptcy as of October 24, 2023. BlockFi filed... Read More ..read more
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Digital Assets and CBDC Report Examines Potential Opportunity of Stablecoins in Global Finance
Crowdfund Insider
by Omar Faridi
1h ago
One of the world’s largest asset managers projects that the stablecoin market will tip $3 trillion in the next four years, a 22x leap from today. This, according to an update shared by Ripple Labs. Putting this adoption in context “requires understanding the role stablecoins... Read More ..read more
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Latin America: Brazil’s Nubank Reports Surpassing 100 Million Customers
Crowdfund Insider
by Omar Faridi
1h ago
Nubank (NYSE: NU) announced that it has surpassed 100 million customers in Brazil, Mexico, and Colombia, making it the first digital banking platform to reach this milestone outside of Asia. The achievement reportedly comes on “the heels of record 2023 financial results, with over US$1... Read More ..read more
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Fintech Setu Unveils Large Language Model (LLM) for BFSI Sector
Crowdfund Insider
by Omar Faridi
12h ago
Setu, an Indian Fintech company, unveiled Sesame – India’s “first” Large Language Model (LLM) specifically designed for the BFSI (banking, financial services and insurance) sector. Developed by Setu in collaboration with indigenous AI research firm Sarvam AI, this breakthrough marks a “ChatGPT Moment” in the... Read More ..read more
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Markets Infrastructure Provider Symphony Expands Operations in the Middle East
Crowdfund Insider
by Omar Faridi
12h ago
Symphony – the markets infrastructure and technology platform – is expanding its global footprint by establishing a commercial office in the Middle East. The new office will be located in Abu Dhabi Global Market (ADGM), the international financial center of the UAE’s capital, “underlining Symphony’s... Read More ..read more
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Stripe Warns About Stock Scams and Claims About Retail Purchasing their Shares
Crowdfund Insider
by JD Alois
19h ago
Stripe, a global Fintech that is a huge e-commerce and payments player, has issued a post that retail investors should be careful about claims they can invest in their shares. Stripe is a private company that may never go public. Today, due to excessive regulation... Read More ..read more
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Wealthtech Plenty Raises $5 Million Seed Round
Crowdfund Insider
by JD Alois
19h ago
Plenty was co-founded by Emily Luk (formerly of Stripe) and Channing Allen (formerly of Homebase) out of personal need. Luk and Allen met while working together at the on-demand payment platform Even, which was acquired by Walmart-owned One. The duo eventually married, and the idea... Read More ..read more
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Fintech Firm Square Introduces Solution to Enable Self-Serve Ordering for Restaurants
Crowdfund Insider
by Omar Faridi
19h ago
Square unveiled Square Kiosk, which is described as a fully integrated software, hardware, and payments solution that enables self-serve ordering for quick-service restaurants. Designed with fast-moving and fast-growing restaurants in mind, Square Kiosk empowers guests “to customize and place orders through its sleek and intuitive... Read More ..read more
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