Darksquare, a Provider of Alternative Investments to Individuals, Secures £197K+ via Seedrs

Tax season is a “dreaded” time of the year for many — especially crypto users, according to an update from Binance. Scouring a spreadsheet and computing all your transactions, gains, and losses throughout the past year can be, well, “taxing.” For day traders, who normally deal with thousands of transactions yearly, this means “putting in extended hours and stress to ensure the accuracy of their filings come tax reporting time.”

Binance, which claims to be the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider, has invested in GOPAX, a South Korean cryptocurrency exchange licensed “to provide fiat-to-crypto services to customers, as part of its Industry Recovery Initiative (IRI).”. In November 2022, GOPAX halted “the withdrawal of principal and...

The UK government has released proposals for regulation of the cryptocurrency industry in hopes of “stabilizing the market while diminishing the incentives for users to flock to offshore jurisdictions.”. Perhaps one of the benefits of the post-FTX landscape is that regulators are now “urged to more clearly communicate necessary...

Genesis Global Holdco, LLC says that it has reached an “agreement in principle” with Digital Currency Group (DCG) and the ad hoc groups of creditors of Genesis Global Capital, LLC, which holds or represents more than $2 billion in claims, according to a note from Genesis. The agreement...

Enfuce, the European card issuing and processing firm, has bolstered its management team with pivotal senior appointments as it gears up for further rapid expansion in 2023. The Finnish-based Cloud-native platform pioneer “has appointed Andy Patton as Chief Commercial Officer (CCO), Jessica Collingwood as Chief People Officer (CPO), Vanessa Schotes as Chief Marketing Officer (CMO) and Fern Blackler as Chief Financial Officer (CFO), all of whom have exceptional track records gained at companies including American Express, Virgin Group, Celonis and The London Stock Exchange.”

Gate.io, which claims to be one of the world’s “leading” digital asset trading platforms, has chosen Coinfirm, a key player focused on analytics and anti-money laundering (AML) solutions for the blockchain industry, “as one of its key AML/CFT partners.”. The partnership will “give Gate.io access to...

In an analysis of its Health Saving Account (HSA) Database that was published recently, the Employee Benefit Research Institute (EBRI) found that, “despite health care expenditures increasing in the wake of the COVID-19 pandemic, average HSA balances increased during 2021.”. In fact, the majority of accountholders “contributed more than...

CI recently published an update on Reg CF [Regulation Crowdfunding], an exemption that allows a business to raise up to $5 million in an online securities offering. Investors may be non-accredited or accredited. While the legislation creating Reg CF was signed into law in 2012, it too several more years for regulators to enable issuers to raise capital under the new rule. Starting in 2016, Reg CF has now helped thousands of businesses to raise hundreds of millions of dollars online. This has led to tens of thousands of new jobs. But while not all businesses will be successful, some will – that is how a market economy works.

The Centre for Finance, Innovation and Technology (CFIT) has named Ezechi Britton MBE as its Chief Executive Officer. He will start the role in April 2023. Britton will work with Charlotte Crosswell (CFIT Chair) in order “to deliver on CFIT’s mission to support the next stage of scaling for UK-based firms and to contribute to the UK remaining a global leader for financial innovation.”

Social purpose Fintech firm Salad Money will aim to serve the demand for affordable credit from NHS and public sector employees after receiving a senior debt facility of as much as £40 million via a US-headquartered credit fund. The facility means more essential workers among the United Kingdom’s millions...

Decentralized cryptocurrency exchange Dexalot has launched on an Avalanche Subnet, marking a new milestone in “the evolution of decentralized trading protocols.”. The Dexalot Subnet aims “to replicate the user experience of a CEX without compromising on decentralization and transparency.”. Its team has “spent months building and refining its...

Finastra recently unveiled Finastra ALM IQ, a risk management solution available for banks from March 2023. The unique Cloud-based balance sheet management tool “enables small and medium-sized banks to make confident decisions in shorter timeframes, making them more competitive against larger financial institutions.”. ALM IQ offers “a faster, deeper...

Gobi Partners, the “most interconnected” Pan-Asian venture capital (VC) firm with US$1.5 billion (RM6.5 billion) in assets under management has “onboarded four more promising Malaysian startups to its Gobi Superseed II Fund (Gobi SSII Fund).”. The four firms “being onboarded are Islamic-themed streaming service Durioo+, e-commerce marketplace...

Radiant Logic, the Identity Data Fabric company, announced that it has entered into a definitive agreement to acquire Brainwave GRC, a key player focused on Identity Governance and Analytics (IGA) headquartered in France. Together, Radiant Logic and Brainwave GRC address “a broad set of identity use cases, and the acquisition...

Digital lender MONEYME (ASX:MME) has just released a trading update announcing it has returned to statutory profits “ahead of target, making it potentially the first fintech in Australia to return to profitability following recent challenging market conditions.”. MONEYME has “delivered >$8m NPAT and record revenue for 1H23, after previously...

The Hong Kong Monetary Authority (HKMA) issued the consultation conclusion to the discussion paper on crypto-assets and stablecoins (the “Consultation Conclusion”), summarizing the feedback “received in relation to the paper and the HKMA’s response.”. In the Consultation Conclusion, the HKMA proposes “to bring certain activities relating...

Zilch, a UK-based payments Fintech, has announced a partnership with StepChange – a “debt advice charity.”. According to Zilch, the collaboration with StepChange will make it the first provider of credit via buy now pay later (BNPL) to fully integrate StepChange Direct into its platform. Zilch said it...

The XPLA Blockchain, a “next generation” of Web3 mainnet developed with gamers at the core of its design, announced that a governance proposal ‘to support individual $XPLA holders related to the FTX incident has been approved with unanimous consent.”. The voting on the Relief Fund Support proposal...

Last week, it was reported that DealMaker had filed a lawsuit against Issuance, claiming that Issuance had utilized a relationship between the two firms to gain access to intellectual property to launch a similar service. DealMaker is a tech-enabled platform that helps firms raise money online. DealMaker reports over 689,000...

Nucleus365, a UK-headquartered payment institution providing a centralized platform for international payment processing, FX, and connected banking, has introduced Rapid Transfer payment options for its European merchants. Rapid Transfer enables clients to pay merchants instantly using their online banking details, offering same-day settlements of funds. Available to merchants internationally enabling...