Blockchain Startup Ettle Announces Australian Dollar based Stablecoin

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.”

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...

Roofstock is best known for enabling individuals to invest in real estate online. Roofstock is an online investment platform that has gotten really big very quickly, having enabled over $5 billion in transactions. It also provides services like property management as well as portfolios of investments. Last year, a company...

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...

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...

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...

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...

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...

Ecuador-based BuenTrip Ventures, a Latin American-focused VC fund, and accelerator, has secured its first institutional investor in its second fund. The funding included the participation of the Inter-American Development Bank (IDB) through IDB Lab. IDB Lab aims to support innovation and the development of the startup and venture capital ecosystem in Latin America and the Caribbean. The investment is said to open the door to other institutional investors.

International fraud prevention company SEON has announced the acquisition of compliance and anti-money laundering (AML) specialist firm, Complytron. The acquisition instantly adds AML capabilities “to SEON’s fraud fighting toolkit and signals a new focus on holistic FinCrime prevention for the growing business.”. As a result of the acquisition,...

CubiCasa, a global-reaching real estate software company, announced that New Mexico MLS has joined its MLS Partnership Program launched in December. Through CubiCasa’s program, New Mexico MLS members now “have access to free floor plans based on scans completed via the CubiCasa app, a discounted rate on optional add-on features like adding fixed furniture into a floor plan, calculating Gross Living Area (GLA) and an expedited delivery window, and access to an active directory of real estate photographers who are currently using CubiCasa.”

Cipher Mining (NASDAQ:CIFR), a developer and operator of bitcoin mining data centers, announced its unaudited production and operations update for January 2023. During the month of January, Cipher continued “to expand operations at Odessa, fund our capital expenditures out of operations and build our bitcoin inventory.” Cipher started the month with the potential “to mine up to ~9.3 bitcoin in a day and finished with the potential to mine ~14.0 bitcoin1 – a ~51% increase in a single month.”

Vancity took another step recently in its commitment to climate action. It is reportedly one of the first financial institutions in Canada “to offer its members a way to estimate the CO2 emissions that come from their purchases.”. Every Vancity Visa credit cardholder “can track the estimated carbon emissions...

Katipult (TSXV: FUND) says it has entered into an “expanded software license agreement” with Raymond James (NYSE:RJF). Raymond James is a multifaceted financial services firm that focuses on wealth management as well as institutional services such as investment banking. Raymond James holds about $1.7 trillion in client assets under administration in North America.

We recently caught up with Dr. Torsten Stüber, Co-Founder and CTO at Berlin-based Pendulum, an initiative focused on traditional finance infrastructure blockchain solutions, which is “the missing link between fiat and DeFi.”. Pendulum is an open-source blockchain built on the “proven” Parity Substrate framework, establishing the missing link...

The North American Securities Administrators Association (NASAA), along with the SEC Office of Investor Education and Advocacy, and the Financial Industry Regulatory Authority (FINRA), have published an Investor Alert cautioning individuals on Self Directed Individual Retirement Account (IRAs) that enable investors to select assets that may be riskier. NASAA specifically...

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...

Doug Ellenoff, the managing partner of Ellenoff, Grossman, and Schole (EGS) – a Manhattan-based law firm, has been a supporter of innovation in financial services for many years now. A staunch proponent of the JOBS Act of 2012 before it became law, Ellenoff is a regular on Capitol Hill and an active investor in the Fintech sector including the backing of platforms providing online capital formation. His law firm is also the top legal advisor when it comes to SPACs or Special Purpose Acquisition Companies – a sector of finance that recently boomed – only to slow as regulators incorporated new rules and the market cooled.

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...

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.”