Halt! eToro to Stop Trading Most Crypto in the US Following SEC Settlement: “We now have a clear regulatory framework”

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eToro USA will halt nearly all crypto trading activity following an agreement with the Securities and Exchange Commission (SEC). The settlement also requires eToro to pay a $1.5 million fine. eToro has agreed to the settlement without admitting or denying the allegations. Going forward, eToro… Read More

 

 




Goldman Sachs Expected to Take a Big Hit When it Exits Apple Card Arrangement

Not so long ago, Goldman Sachs (NYSE:GS) had huge ambitions in the consumer finance space enabled by Fintech. The theory expected that Goldman could lever its deep expertise in financial services to serve the masses by creating a tech stack to power consumer financial transactions…. Read More

Fintech Adyen Releases Insights from Global Businesses, Pinpointing Revenue Efficiencies That May Save Companies Billions

Adyen (ADYEN:AMS), the financial technology platform of for global businesses, has recently released a report titled Strategies to reduce your total cost of payments. The research report, supported by data from 100 global, enterprise businesses, aims to highlight opportunities to boost revenue and “cut costs… Read More

Wefunder Updates Platform with New Features

Wefunder, one of the top FINRA-regulated Funding Portals in the US, has added several new features to its online investment platform. In an email, Wefunder noted that a new feature allows users to receive alerts whenever a type of issuer lists on the platform. Wefunder,… Read More

MicroStrategy Buys 18,300 Bitcoin, Company Now Holds 244,800 BTC

MicroStrategy (NASDAQ:MSTR) has acquired an additional 18,300 Bitcoin. The company now reports holding 244,800 BTC. MicroStrategy is reportedly the largest corporate holder of Bitcoin in the world. MicroStrategy CDEO Michael Saylor is on record predicting that in coming years, Bitcoin will soar to millions of… Read More

Capital Ideas: Joseph Abboud of Nonprofit DreamLoad Ventures

An Interview with Joseph Abboud of DreamLoad Ventures In the current episode of the Capital Ideas podcast from Investor Choice Advocates Network, co-hosts Nick Morgan and Dara Albright interviewed Joseph Abboud of DreamLoad Ventures, a nonprofit think tank, incubator, and accelerator focused on supporting underrepresented… Read More

BNPL Fintech Affirm Research Reveals Impact of 0% APR Financing Prior to Holiday Spending

Affirm (NASDAQ: AFRM), the payments network that empowers consumers and helps merchants drive growth, released new research revealing consumer shopping behaviors and sentiments ahead of the 2024 holiday season, including the growing preference towards 0% APR financing options and Americans’ confidence levels around budgeting. Affirm’s… Read More

Real Estate Report: Lower Mortgage Rates and Rising Inventory in US Property Markets May Provide Homebuyers an Opportunity

Lower mortgage rates and rising inventory in US real estate markets are giving home buyers a window of opportunity “at an unusual time of year,” according to the latest market report from Zillow (Nasdaq: Z and ZG). Zillow noted in its latest real estate market… Read More

UK’s Pay Later Fintech Kriya Solution Now Supported on Stripe

Kriya, the B2B PayLater payments solution, is now available on Stripe, a financial infrastructure platform for businesses. Starting this month, Stripe users can offer flexible payment terms “to their business buyers through Kriya.” B2B commerce is digitizing rapidly, and business buyers now “expect to purchase… Read More

Regtech and AI Impact Report: KYC/KYB Is Evolving Tech that Must Compensate for Increase in Complexity of Online Financial Crime

KYC/KYB (Know Your Customer/ Know Your Business) systems is a rapidly evolving area of technology which must compensate for the constant increase in volume and complexity of online financial crime. This, according to an extensive report from Juniper Research. Juniper Research explains the role of… Read More

ParaFi Capital Announces Tokenizaton of Fund on Securitize Platform via Avalanche

ParaFi Capital, an alternative asset management and technology firm with over $1 billion in assets under management, has tapped Securitize, a firm focused on tokenizing real-world assets, to tokenize an interest in one of its venture funds on the Avalanche blockchain. Since inception in 2018,… Read More




UK FCA Charges First Individual with Running Network of Illegal Crypto ATMs

The UK’s Financial Conduct Authority (FCA) has charged Mr Olumide Osunkoya, who is 45 and resides in London, for “unlawfully running multiple crypto ATMs without FCA registration.” Crypto ATMs are machines that “allow you to buy or convert money into cryptoassets.” Mr Osunkoya is accused of running… Read More

Investment Platform Mintos Announces Completion of European Rollout

Mintos has officially completed its European rollout. Mintos recently noted that they are pleased to announce that they have now officially launched across the entire European continent. According to Mintos, this marks a major milestone in their expansion journey, giving investors access “to their comprehensive… Read More

Digital Identity Tech Reduces Fraud and Onboarding Friction by Simplifying KYC Processes – Report

Digital identity passports refer to a technology that allows users to aggregate their identification credentials—such as government-issued IDs, banking information, and health data—into a single digital format. This, according to an update from PitchBook. PitchBook explained that this digital passport “ensures frictionless, secure access to… Read More

Global Fintech Rapyd Introduces Initiatives Focused on Boosting Revenue Growth

Rapyd, a global fintech company, is expanding its Rapyd Payment Partner Programme, designed to boost revenue growth and collaboration for Referral Partners, consultants, Independent Sales Organisations (ISOs), Payment Facilitators (PayFacs), and Integrated Software Vendors (ISVs) operating in high-opportunity industries such as eCommerce, online gaming, content… Read More

BRIDGE Digital Assets Act Introduced in Congress: Aims to Establish Advisory Committee to Update Rules to Boost Digital Asset Innovation

Digital asset innovation has meandered in the US primarily due to the byzantine regulatory ecosystem which is based on rules established before crypto was even a thing. Today, Representative John Rose of Tennessee has introduced new legislation into Congress that aims to chart a path… Read More

Pacaso Plans Reg A+ Funding Round, Enlists DealMaker

Vacation home marketplace Pacaso has filed a Form 1-A indicating its intent to raise money online. According to the offering circular,  Pacaso is offering up to 28,957,528 shares for $2.50/share or a gross amount of $75 million – the maximum allowed under the exemption. Pacaso… Read More

Canada: Coincover to Aid Exchanges VirgoX, Netcoins to Help with Crypto Compliance, Security

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Crypto protection firm Coincover says it will now work with two of Canada’s crypto trading platforms, VirgoCX and Netcoins. The goal is to provide best-in-class security for customer assets. Coincover says its solution will also help VirgoCX and Netcoins exceed regulatory requirements in Canada. Digby… Read More

State Street Global Advisors Introduces Digital Asset, Disruptive Tech ETFs Actively Managed By Galaxy Asset Management

Galaxy Asset Management, an affiliate of Galaxy Digital Holdings Ltd. (TSX: GLXY) and one of the world’s largest investment managers of digital assets and blockchain exposures, and State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT),  announced the introduction of… Read More

SEC Investor Advisory Committee Publishes Agenda: Investment Advice and Litigation on the List

The Securities and Exchange Commission (SEC), Investor Advisory Committee (IAC), has published its agenda for its meeting next week. The IAC will focus on two panels: Investment Advice: A History and Update on Who is Required to Serve in Your Best Interest; and Key Topics… Read More

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