Blockchain

Bitcoin-focused financial services platform Unchained Capital has closed its Series A round on $25m.

The Financial Conduct Authority (FCA) has said a ‘significantly high’ amount of cryptocurrency firms are not meeting UK requirements on money laundering prevention.

US cryptocurrency company Circle has raked in $440m from a funding round.

While Covid-19 continues to haunt us, the FinTech industry continues to rake in millions of dollars. Neobanks and cybersecurity companies were the top-scoring sectors to raise investment among the 42 rounds that FinTech Global reported on last week.

Indonesia-based crypto-assets exchange company Pintu banked $6m to support its mission to drive industry adoption.

Blockchain development platform Reach banked $12m in funding to expand its offerings and launch a commercial version of the toolkit.

Solidus Labs, which makes market surveillance tools to flag manipulation across cryptocurrency trading platforms, has raised $20m.

With Trade Republic netting $900m and four startups earning the horn among 46 rounds, last week proved to be a great week in terms of FinTech investment, particularly for stock trading apps enterprises.

FinTech banking app that uses crypto on its backend Eco unveiled that a slew of celebrity and athlete investors had participated in the $26m round that took place in March this year.

While the value of cryptocurrencies continued to grow astronomically, it came crashing down to earth after Tesla’s sudden u-turn from using bitcoin as payment. However, experts think this will hardly undermine its potential as mainstream investments and payment means.