Superstack, a crypto investment firm, has received authorisation from the Gibraltar Financial Services Commission to operate a regulated crypto fund in the jurisdiction.

Superstack is a newly established crypto fund, founded by London based Jesse Burgess and Klaus De Macedo in 2020. Superstack’s investment strategy will see the fund take positions in various digital assets and will operate as a collective investment scheme, which means that investors can gain exposure to digital assets without owning it outright.  The fund will invest in a variety of crypto and blockchain-related assets (including cryptocurrencies, stable coins, and tokens) through a combination of non-automated strategies, which will include active trading, project investment and staking.  

Superstack is the latest fund to choose to domicile in Gibraltar, as the jurisdiction continues to attract business from across the world. Recent changes to funds legislation in Gibraltar has helped The Rock tempt business away from competitors in recent months.

Announced on March 30, 2022, as part of the Government of Gibraltar’s ongoing review of the funds industry to ensure its modernity and competitiveness, new legislation has been introduced which will allow alternative investment funds (AIFs) to opt-out of the Alternative Investment Fund Managers Directive (AIFMD) framework established by the EU and applicable in Gibraltar, notwithstanding Gibraltar’s exit from the EU.  The new regime removes unnecessary regulatory hurdles and establishes a framework that will enable funds to continue to grow and flourish within a framework that complies with international standards, as well as enhancing and strengthening Gibraltar’s Experienced Investor Fund legislation.

Jonathan Garcia, Partner at ISOLAS, said: “We are delighted to have advised Superstack through their successful application process and it is great to welcome another fund to Gibraltar. In choosing to domicile in Gibraltar, Superstack will benefit from Gibraltar’s progressive ‘right touch not light touch’ regulatory environment, that has seen us become the 3^rd highest choice for crypto hedge funds, only behind the US and Cayman, based on the report published by PwC and Elwood Asset Management in 2021, examining the global crypto hedge fund landscape.  Thanks to our new dual fund regime that allows alternative investment funds (AIFs) to opt-out of the AIFMD framework we hope to be able to guide even more funds through the process of domiciling in Gibraltar.”

Jesse Burgess and Klaus De Macedo, Superstack Co-founders, said: “When choosing the domicile for our new fund, it didn’t take long before we were drawn to Gibraltar. We are looking forward to benefiting from Gibraltar’s attractive business environment and tax system, as well as the new dual regime for funds, and the jurisdiction’s rich DLT expertise. Working with Jonathan and the ISOLAS team made the process of establishing our crypto fund straightforward, and we look forward to working together in the future.”

The group containing Capital.com, the high-growth global trading and investing platform leading the UK leveraged trading industry in overall client satisfaction, has today announced the appointment of Peter Hetherington as its new Group Chief Executive Officer (CEO). Peter will succeed Jonathan Squires, who was Group CEO during the Group’s early growth phase. Subject to regulatory approval, Peter will assume his new role from 16 May, 2022.

Based in London, Peter will lead the group of companies comprising Capital.com and Currency.com (hereafter referred to as the Group) on their continued growth journey. The Group will soon add Shares.com, a dedicated share dealing platform, to its group of companies. 

As Group CEO, Peter will oversee the Group’s expansion into new markets while building a resilient, compliant operation supported by an experienced global team of professionals. 

Peter has over 25 years experience in the wealth and brokerage space. Most recently, he was briefly the Chief Executive at Schroders Personal Wealth, a  joint venture between Lloyds Banking Group and Schroders. Prior to that, Peter spent the bulk of his career at IG Group. He joined IG Group in 1994 and served as its Group CEO from 2015 to 2018. He also held a number of senior leadership roles including Chief Operating Officer for 15 years, and Dealing Director. He has a BA in Economics from Nottingham University and a Masters in Finance from the London Business School. 

Commenting on Peter’s appointment, Viktor Prokopenya, Founder, Capital.com and Currency.com, said:

“We are delighted to welcome Peter onboard. With his extensive experience driving strategy and growth for leading wealth and brokerage firms in highly regulated markets, Peter is the ideal CEO to lead the Group on its next chapter of growth and success.”

Peter Hetherington, incoming Group CEO for the Group encompassing Capital.com and Currency.com, said: 

“I have known Viktor since 2015 and have been closely following the Group’s development. It was always going to take something special to persuade me back into the industry and I am thrilled to join a company that is so uniquely positioned. The Group provides a fantastic client experience along with a genuinely innovative solution for trading and investing. I look forward to working closely with the Group's talented professionals as we continue to profitably grow the business and diversify our solutions while building our presence in key markets.”

The Group, which includes the multi-regulated Capital.com trading and investing platform, has key offices located in the UK, Gibraltar, Singapore, Australia, and Cyprus. 

The Capital.com trading and investing platform enables clients in over 180 countries to trade contracts for difference (CFDs) across 6,000 markets and invest directly in global stocks without paying any commission. In 2021, it reported a 350% growth in its client base, making it one of Europe’s fastest growing investment trading platforms with more than 4 million registered users.

The Swedish expense management provider Findity raises 50 million SEK from private investors such as Johan Blomquist, former partner at Altor, Niklas de Bésche, former CEO of Meltwater, as well as existing owners and staff. The company will use the investment to accelerate its international expansion and product development. Furthermore, a comprehensive rebrand brings their two brands together under one Findity.

Findity's product for expense claims, entertainment, mileage and per diem is today used by more than 30,000 customers. Through its white label offering, the company provides partners such as American Express, Fortnox and Visma with expense management solutions in their respective brands.

"Findity is in an exciting phase of expansion. With a proven product, a unique white label offer and strong demand, the possibilities are endless." - Johan Blomquist, former partner at Altor.

Having built a top product and gained a leading position in Sweden, the focus is now on international expansion. At the same time, the company changes the name of its product Companyexpense, which will be called Findity.

"We see significant demand from businesses that want to improve employees' everyday lives, and the investment allows us to strengthen our position internationally. We want customers and partners to enjoy easier expense management. The new united brand helps us continue to focus on innovation and improve every day for people using our product." - Patrick Olsson, CEO of Findity

Del Wang, Co-Founder and CEO of Babel Finance, has faith that Blockchain and Bitcoin will gradually become mainstream for the financial world and investors as a whole, as some financial organizations have already transitioned from traditional commercial banking to the sphere of digital currency. Babel Finance was the one of the first company to launch crypto lending service. Since its inception in July 2018, it has focused on crypto lending, and the firm has continuously expanded. Now its offering includes crypto lending, crypto trading and crypto assets management services.

Before Babel Finance, Del Wang worked in traditional banking for many years. He left the bank where he had worked for many years, and his first project was BowenPay. BowenPay for Del Wang forged an unbreakable relationship with Blockchain and crypto. In 2018, he co-founded Babel Finance. It may appear that Del Wang has returned to the banking business but in the Blockchain world rather than the traditional financial world.

Del Wang below discusses his thoughts on Blockchain and Bitcoin and some of his predictions on the Bitcoin halving.

Covid-19's Role in securing a place for Bitcoin

Following the onset of the global financial crisis arising from the Covid-19 pandemic, central banks throughout the globe slashed interest rates, did quantitative easing, printed money, and handled different risks and liquidity issues from the standpoint of sovereign credit the way the monetary system responds.

If a central bank's efforts succeed, Bitcoin will undoubtedly soar due to its tiny pool and high liquidity; if the monetary policy fails, the sovereign currency credit system, led by the US dollar, would becoming less attractive and trustworthy. As a result, Del Wang's faith in the Bitcoin market has be stronger because whatever happens in the future will be beneficial to Bitcoin.

Bitcoin's volatility in the short term

Del Wang's crypto team at Babel Finance knows that the Bitcoin market remains a very speculative one in the short term, with several risks and possibilities. This is also a place with a lot of opportunities for folks who have previously worked in the conventional financial business to participate.

Furthermore, Bitcoin has seen three halving's in its lifetime. How many of us were aware of it at the first time? Every halving is likely to help Bitcoin "break out of the circle," spread the impact of Bitcoin and cryptocurrencies, and increase the number of populations who know about and are interested in Bitcoin. This is unquestionably a long-term advantage for the growth of Bitcoin and crypto.

"Since Babel Finance is a crypto financial institution, our primary focus is to address this uncertainty through our financial products and strategies to assist institutional investors - including mining customers, trading firms, and investment funds, - in risk management and cash flow management to cope with this uncertainty in the market movements. " noted Del Wang.

In the long term, Del Wang remains positive about Bitcoin's market trajectory. His thoughts are so because the halving will only result in a reduction in the increment of Bitcoin. In reality, this amount may not affect the quantity of the Bitcoin traded. The volume will still be significant.

Final thoughts

With the over-issuance of Fiat currencies, Bitcoin's risk-asset qualities and exceptional anti-fragility will draw a large quantity of capital, which is a foregone conclusion. Overall supply of Bitcoin will steadily decline, demand will surge, and Bitcoin's value will rise.

Del Wang cautions investors that the price occasionally deviates from the value, so the short and medium-term outlook is not ideal for the great majority of individuals, especially in a volatile market.

Prioritizing mental well-being in the new era of the hybrid workplace, the UK's leading business banking platform, Tide, has partnered with the UK based mental health services provider Plumm to launch a global mental well-being platform for its employees and their family members. The move comes on the heels of Tide's endeavor to empower Tide employees, aka Tideans, to take control of their mental well-being and ensure they can strike a healthy work-life balance. The on-demand support not just helps combat burnout and boost team morale but focuses on the overall growth and well-being of employees and their families. 

Mental well-being becomes more relevant as employees across geographies are grappling with burnout and struggling to maintain a work-life balance in the modern workplace. The platform will allow Tideans to cope with issues, such as workplace anxiety, and coach them on maintaining a healthy balance by compartmentalizing work and personal life. Resonating with Tide's #oneteam value, the program will encourage supporting co-workers struggling with mental health issues.  

Tide's well-being benefits extend beyond mental health as an incidental add-on and offer preventive and personal growth care, such as one-to-one video and chat therapy with accredited therapists and live monthly workshops. The platform also includes unlimited access for employees and their families to a growing library of therapist-led psycho-educative digital courses and guided meditations.

Further enabling Tideans' to strike a work-life balance and pursue personal development through education, charity work, leisure activities, travel, or any other interests, Tide has introduced partially paid sabbatical leave for long-serving employees. The sabbatical leave may be granted more than once during a Tidean's employment.

Through this initiative, Tide has committed to bringing a stronger focus on proactive employee well-being, embracing a holistic strategy, and supporting and empowering Tideans across all their locations. 

 "At Tide, we continuously solicit employee feedback and ideas about how we can make Tide a better place to work. This feedback has been essential in launching our new suite of well-being benefits that focus on the diverse needs of our global workforce, including mental well-being, financial security, and interpersonal relationships. In addition, we meet employees wherever they are, through live therapy sessions, chat therapy, on-demand courses, and live training," said Liza Haskell, Chief Administrative Officer, Tide. 

All conversations on Plumm are confidential and encrypted, and Tide does not receive any information on who is using Plumm and how. Furthermore, as a separate controller of employees' personal data, Plumm handles all the information in strict accordance with the applicable laws and regulations on the protection of personal data, patient confidentiality, and privacy. 

Sage, the leader in accounting, financial, HR, and payroll technology for small and medium-sized businesses (SMBs), today announces it has completed the acquisition of Futrli, the UK’s premier cash flow forecasting software solution for SMBs and accountants. The move deepens Sage’s commitment to supporting accountants with complete end-to-end proposal-to-advisory services as the industry prepares for Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA). 

Futrli provides a critical tool for SMBs to maintain healthier cash flows to grow their business and reach their potential. Futrli’s solution is focused on helping growing businesses understand current and future cash flow, providing SMBs and accountants with data-driven three-way forecast financials (profit and loss, balance sheet, and cash flow) using propriety prediction algorithms. These are based upon data-analysed historical trends, blending direct and indirect forecasting methods, using invoices, bills, journals, cash, and payment data – enabling customers to visualise the past, present, and future of their business.

Neal Watkins, EVP Product, Sage:

“At the heart of every successful business is strong cashflow management. Futrli will form an important role in the way we support accountants and their clients to gain the visibility needed to deliver great advisory services - all as part of our Sage for Accountants solution. I am delighted to welcome the Futrli team to the Sage family and look forward to achieving great things together.”

In line with Sage’s focus on supporting accountants with services that span from proposal to advisory ‘Futrli by Sage’ will be integrated with Sage for Accountants, helping accountants to combine workflows across their practice in one place, with a simple per-client pricing model. In addition, ‘Futrli by Sage’ is and will remain a market solution and will continue to be available to SMBs as a standalone product post-acquisition.

Hannah Dawson, CEO and Founder, Futrli:

“For nearly a decade, we’ve had a sole focus of helping our customers to better manage their cash flow, which in turn helps them to make intelligent business decisions. We pride ourselves on our unique 3-way forecasting solution that allows accountants to tailor and personalise based on client or industry need. We couldn’t be more excited by the opportunity to scale our expertise and bring this to Sage customers.”

After just 72 hours, award-winning digital wealth manager, Moneybox, has closed its second crowdfunding campaign. Over 3 days, more than 15,000 people invested over £6.25million in what is Crowdcube’s most popular crowdfunding campaign of the year so far.
 
Moneybox now holds the record for the second and third most popular crowdfunding campaigns in Europe, ever!
 
The crowdfund was launched to give the Moneybox community the opportunity to share in and shape the company’s future success, alongside top institutional investors. 8,700 people within the Moneybox community invested £3.7million before the crowdfund even went public.
 
Moneybox has seen exponential growth since its launch in 2016. From an initial offering enabling people to ‘invest their spare change’ into a Stocks & Shares ISA, Moneybox now helps over 850,000 customers build wealth with confidence across all their saving, investing, home-buying, and retirement needs.
 
AUA has grown to over £3.1bn, and with a team of 330, Moneybox is now the clear market leader in Lifetime ISAs and is the second-largest wealth manager in the UK by number of customers.
 
Together with the £35million Series D investment announced last month, funds will be used to grow the customer base, enhance the investing proposition, and focus on new, exciting ways to guide and support people with financial planning - for today and tomorrow.
 
Ben Stanway, Moneybox co-founder, commented: “We're blown away with the reception our second crowd raise received this week. Giving our community the chance to share in and shape our future has always been a priority, and our customers have been instrumental in the evolution of our products and services to date. Given the current economic climate, our mission to help people build wealth with confidence has never been more important. Our focus now is on finding new ways to guide and support people with financial planning throughout their lives. By continuing to focus on the under-served mass market we believe we are on a path to create the UK’s category-defining wealth platform.”
 
Matt Cooper, Chief Commercial Officer at Crowdcube, commented: “Congratulations to Moneybox for another landmark achievement on Crowdcube! We love to see forward thinking businesses, like Moneybox, champion inclusion by putting it at the very core of the business by turning their customers into shareholders.”

BingX, the world's leading social trading platform, is proud to be a sponsor of Consensus 2022. Hosted by Coindesk, this is one of the world's biggest and longest-running cryptocurrency festivals.

From the 9th to the 12th of June this year, Consensus 2022 will be focusing on the future of digital finance and its mainstream impact. The festival is also designed to be interactive and will include elements of Web3 and emerging technologies.

"Consensus has always had this big tent approach," says Brad Spies, managing director of Consensus, "it deals with all of the different chains, finance, regulatory issues, and now NFTs, DAOs, the creator community. There's just so much happening in the space and there's so many industries that are touched by this event."

According to a report by CryptoDotCom, the number of global crypto users is expected to surpass the one billion milestone mark by the end of 2022 – up from just 295 million the previous year.

With the industry growing at an exponential rate, industry events like Consensus become critical meeting places for thought leaders, developers, academics, policymakers, and the community.

"Indeed, it is a great pleasure for BingX to be one of this year's sponsors of Consensus 2022. This is a grand opportunity to showcase and introduce BingX to the world as a community-driven and people-centric exchange. Through this event, we hope to expand our reach, learn and grow, while strengthening and establishing new relationships within the crypto arena." - Communication & Public Relations Director at BingX, Elvisco Carrington.

BingX lends a voice to and empowers the community. Being a proud sponsor creates this unique opportunity to grow, make connections and add value to the diverse community of blockchain, crypto, and Web3 enthusiasts as the world's leading social trading platform.

BingX is excited to celebrate its fourth anniversary in May 2022. To make the event even more joyous, BingX will conduct a month-long contest with individual and group prizes to the tune of over $50,000 USDT.

BingX was initially founded in 2018 and always aimed to make trading easier for everyone. To that extent, the team has explored various options, leading to developing a global digital asset, spot, and derivatives trading platform supporting hundreds of cryptocurrencies. As a result, users can benefit from a safe, reliable, open, and user-centric ecosystem featuring intuitive social trading elements. Today, BingX has become the world's leading social trading platform.

With over 20,000 copy traders and a cumulative 5,000 daily traders relying on BingX's state-of-the-art copy trading feature, the platform continues to build momentum. BingX is a regulated and government-approved platform wherever the platform can be accessed, including the EU, US, Canada, and Oceania. BingX holds the necessary operating licenses in all these regions, confirming its regulatory compliant nature.

As BingX blows out four candles, the team will hold a four-week contest for all users. Registration kicks off on May 14, 2022, and closes on June 10, 2022. The contest itself starts on May 20, 2022, until June 17, 2022. The contest consists of top income earners and the popularity list.

All registered BingX users will rank based on their total week's income. The top five of those users will earn weekly rewards based on their ranking. Furthermore, users will automatically enter the popularity contest, where they can collect "likes" from other BingX users every day. All participants can like one other player daily.

BingX's $50,000 USDT competition will heat up over three weeks, leading into the grand finals. The finals will see the top 30 users every week, and the top 100 most popular players will compete.

The three groups of top 30 players will battle it out to determine the top 10 income earners, who will gain ranking rewards worth up to $117,000 USDT.

The 100 most popular users will become part of a team popularity list. Players can join any team to increase its popularity, with more players leading to more popular teams. The three most-popular teams will share in the bonuses and rewards worth over $45,000 USDT.

Communications and Public Relations Director at BingX, Elvisco Carrington, adds:

"This tournament will be an adventurous one comprising of many fun-filled activities for everyone. We believe this is a great way for us to show our users how much we appreciate them. Competitions help to foster community engagement and interaction and this is exactly what we want."

Mark your calendars and be ready to join in the BingX 4th-anniversary contest and win!