Former Attorney at the Department of Justice Criminal Division Comments on SEC’s Move to Support Crypto Innovation

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The new Trump administration has moved quickly to reverse the Biden administration’s anti-digital asset innovation policies. This week, Commissioner Mark Uyeda was selected as the acting Chair of the SEC. His first act was to create a Crypto Task Force led by Commissioner Hester Peirce,… Read More

 

 




Damaging SEC Staff Bulletin that Undermined Digital Assets, SAB 121, Revoked

SEC Staff Accounting Bulletin (SAB) 121 is no more. Today, SAB 122 rescinded the guidance of SAB 121 – the bulletin that “expressed the views of the staff regarding the accounting for obligations to safeguard crypto-assets an entity holds for platform users.” Effectively, this made… Read More

Executive Order Signed to Maintain US Leadership in Artificial Intelligence (AI)

President Donald Trump signed an Executive Order today that aims to keep the US at the forefront of Artificial Intelligence (AI) development. The EO revokes “certain existing AI policies and directives” that have been deemed to undermine AI innovation. The goal is to clear a… Read More

Fintech Ramp Launches Treasury Product for Cash Management that Enhances Business Operations

Financial operations platform Ramp introduced Ramp Treasury, which is described as a new solution that radically improves how most businesses store and manage their operating cash. With Ramp Treasury, businesses can store cash in a business account that earns “2.5% or in an investment account… Read More

Fintech Highnote Reports $90M Series B, Announces Expansion into US Merchant Acquiring

Highnote, a firm specializing in modern card issuance and program management, announced the closing of $90 million in Series B funding and the launch of its acquiring solution. The investment round was reportedly led by Adams Street Partners along with participation from existing investors: Oak… Read More

President Trump Signs Executive Order to Ensure US Leadership in Digital Financial Technology, including Digital Assets, Bans CBDCs

The Executive Orders keep coming out of the White House. Today, President Donald Trump signed several big ones – including an Executive Order that aims to ensure US leadership in digital financial technology or Fintech, including AI and digital assets. The Order establishes a Presidential… Read More

Regulatory Fines in North America Account for 95% of Global Financial Penalties in Past Year – Report

Fenergo, the provider of AI-powered solutions for Know Your Customer (KYC), Anti-money Laundering (AML), transaction monitoring and Client Lifecycle Management (CLM),ā€Æhas released its analysis of global financial institution enforcement actions from Jan 1, 2024, to Dec 31, 2024. Fenergoā€™s report reveals critical insights into the… Read More

Upgrade Appoints New COO, Former Best Egg CEO Anticipates Improving Environment for Fintechs

Upgrade, a neobank that offers various credit and savings products to its customers, has appointed a new Chief Operating Officer (COO). Jeffrey Meiler, former founder and CEO of Best Egg, has joined the Fintech to apply his decades of experience in lending cards and payments…. Read More

Senator Cynthia Lummis to Chair New Subcommitee on Digital Assets, Part of Senate Banking Committee

The shift from Democrat control to Republican control will have a dramatic impact on innovation in financial services. While the Democrat party has been firmly anti-Fintech innovation, Republicans have embraced tech improvements in financial services, and today is emblematic of the change as the Senate… Read More

Cainam Ventures Launches Platform to Enable Autonomous Digital Assets Trading

Cainam Ventures, a financial technology startup, is launching a platform that aims to redefine autonomous digital asset trading. Guided by its mission to support the onramp to agentic financial portfolio construction for digital capital investors, Cainam says that it leverages artificial intelligence (AI), large language… Read More

Israel based Trading Platform eToro Confidentially Files for US IPO Targeting $5B+ Valuation

The financial world has seen significant volatility and transformation over the past several years, with some sectors experiencing steady growth. Equities and crypto / digital assets markets, in particular, have seen a considerable surge, attracting a new generation of investors eager to capitalize on these… Read More




Global Identity Platform Persona Announces Advancements in AI-based Face Spoof Detection Capabilities

Persona, a global identity platform, announced significant advancements in its AI-based face spoof detection capabilities. These updates strengthen Persona’s ability to detect and “prevent increasingly sophisticated generative AI fraud techniques.” AI-based face spoofs ā€“ such as deepfakes, synthetic faces, and face morphs ā€“ have “enabled… Read More

AI Firm Egregious Raises $1 Million in Pre-Seed Funding, Aims to Combat AI Deception

Egregious, an artificial intelligence (AI) firm that seeks to combat social media and other types of deception has raised $1 million in a Pre-seed round. Egregious was backed by Fuel Ventures and Oxford Capital, which led the funding. Oxford Capital focuses on EIS/SEIS-qualified firms for… Read More

As Predicted, Wealthy Flee the UK Due to Higher Taxes, Labour Expected to Reverse Non-Dom Assault

The wealthy are easy targets for simple minds. The mantra of “paying their fair share” plays to the masses who want someone else to foot the bill for government services. The same wealthy tend to invest and spend, supporting businesses both old and new. Yet,… Read More

Tapline Announces ā‚¬20M Pre- Series A Round Comprising Equity and Debt

Tapline reports that it has raised a ā‚¬20 million pre-Series A funding round comprising both equity and debt. This milestone enables Tapline to scale its operations, expand its innovative platform, and “support the growth of SaaS companies” across Europe. Tapline explained that it provides non-dilutive… Read More

Sygnum Bank Focuses on European Expansion with Societe Generale-FORGEā€™s EURO Stablecoin

Sygnum, a global digital asset banking group who recently announced its expanded EU market entry, is enhancing its B2B platform offering via a collab with Societe Generale-FORGE, the digital asset subsidiary of one of Europeā€™s financial services groups, SociĆ©tĆ© GĆ©nĆ©rale. The EUR CoinVertible (EURCV), a… Read More

Digital Bank Monzo Considers Potential IPO Launch in the UK, US

UK’s digital bank Monzo, one of the nation’s most widely-used banking app providers, is gearing up for an initial public offering (IPO) by 2026. The announcement has sparked significant interest in both the financial sector and the broader tech ecosystem. Monzo has become a sort… Read More

The UK Financial Conduct Authority and the Payment Systems Regulators Aim to Boost Open Banking

Describing the UK’s Open Banking regime as a UK success story, the Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR) have issued a statement commenting on the progress while aiming to do more. According to the government’s data, there are over 11.7 million active… Read More

Fintech Paymob Granted Retail Payment Services License by Central Bank of the UAE

Paymob, the financial services enabler in MENA-P, announces it has been granted the Retail Payment Services License by the Central Bank of the UAE (CBUAE) after meeting all regulatory conditions and requirements through a “rigorous approval process.” The license reportedly authorizes Paymob to provide merchant… Read More

Scams Leading to Increased Losses in the UK, Canada, US, while Australian Losses are Down Significantly – Report

Westpac has released new data revealing the effectiveness of Australiaā€™s scam prevention efforts. The new analysis conducted by BDO compared Australia, the United Kingdom (UK), Canada and the United States (US) and found Australia is “one of the most successful countries” in bringing down scam… Read More

Bitcoin Mining Firm Riot Platforms Launches Evaluation of AI/HPC Uses for Remaining 600 MW of Power Capacity

Riot Platforms (NASDAQ: RIOT) has recently launched a formal evaluation of potential AI/HPC uses for remaining 600 MW of power capacity at its Corsicana facility. Riot Platforms says that it has engaged expert consultants in order to assess AI/HPC opportunities and plans to “accelerate engagement… Read More

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