In a striking turn of events, Donald Trump, the former President of the United States, has pivoted to a new stance on cryptocurrencies. In the past, Trump was publicly critical of digital currencies, dismissing them as volatile and ripe for illegal activities. However, as he gears up for another presidential bid, his tune has notably changed. Trump is now advocating
Vancouver-based FinTech startup Blossom Social has made a significant leap forward with its recent seed funding round totaling over $2.1 million CAD. This investment heralds a new chapter in the company’s growth as it eyes expansion into the U.S. market, building upon its Canadian roots. With a unique platform that combines social networking with verified investment practices, Blossom Social is
EFG Hermes, a prominent player in the MENA region’s financial landscape, has taken a significant step forward in the fintech sector through its strategic partnership with Kenzi Wealth, a Danish fintech championing digital wealth management. This partnership signifies both a geographic and technological expansion for the investment bank. By acquiring a minority stake in Kenzi Wealth, EFG Hermes signals an
The DeWealth Revolution stands poised to radically transform wealth management, ushering in a future where financial self-sovereignty and accessibility are paramount. With blockchain technology at its core, this movement advocates for a decentralized system of finance that is self-directed and inclusive, enabling anyone, anywhere to participate without the reliance on traditional banking intermediaries. Transforming Client Onboarding with Blockchain Streamlining KYC
FutureMoney, a pioneering FinTech company, has developed a novel micro-investing platform targeted at enabling families to create lasting financial legacies. The platform stands out as an innovative solution for parents keen on securing their children’s financial futures through diligent investments. FutureMoney’s Micro-Investing Solution A Platform Tailored for Families FutureMoney has revolutionized the way families think about saving for the future.
With an abundance of hydroelectric power, Paraguay has emerged as a favorable location for the energy-intensive process of Bitcoin mining. However, as operations expanded, they began to excessively draw power, threatening the stability of the national grid. This surge in clandestine mining ventures has not only precipitated financial losses for the National Electricity Administration (ANDE) but also raised concerns about
Blockchain technology, the backbone of cryptocurrencies, has long been revered for its robust encryption protocols that secure digital transactions. The encryption hinges largely on cryptographic keys that are currently considered unbreakable by traditional computing standards. However, this security is imperiled by the advent of quantum computing—a breakthrough that could potentially decode these cryptographic enigmas with unprecedented speed. Professor Massimiliano Sala
The wealth management sector is undergoing a sea change with the integration of financial technology. No longer just a buzzword, Fintech is actively reshaping the landscape of wealth management, carving out a new domain where efficiency, accessibility, and customization are not just valued but expected. Advances in artificial intelligence (AI) and automation are key players in this transformation, enabling a
The cryptocurrency landscape faced another hiccup as Degen Chain, a layer-3 blockchain built on Ethereum, suffered a major technical setback. Operations screeched to a halt due to a custom configuration change gone awry, leading to a 53-hour freeze in block production. Degen Chain’s native token, DEGEN, took a significant hit following the network disruption, with the price tumbling by 24%
The relentless march of artificial intelligence (AI) into every facet of modern life is impeded by high computational costs, hefty storage demands, and privacy concerns. Enter Swan Chain, a beacon of decentralized infrastructure hoisting the sails to navigate through these turbulent waters, promising a new era of affordable, private, and accessible AI powered by blockchain technology. The Challenges of AI
In a significant milestone for the FinTech industry, Linnovate Partners, an avant-garde asset servicing firm specializing in the alternative investment sector, has acquired a whopping $40 million infusion from SeaTown Private Capital Master Fund. This strategic financial collaboration is set to bolster the former’s technological prowess and expand its operational capabilities. Linnovate Partners, renowned for their transformative approach to automating
Europol, the European Union’s premier law enforcement agency, has confirmed a security breach within its web portal. The event was first brought to public attention by the hacker group IntelBroker, which claimed responsibility for the attack. IntelBroker asserts that they infiltrated several Europol systems in May 2024, particularly the Europol Platform for Experts (EPE) and the SIRIUS platform. These platforms
