Round 2: SEC Charges Coinbase for Operating as an Unregistered Securities Exchange, Shares Plunge

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Following the revelation of charges filed against Binance and its founder, the Securities and Exchange Commission (SEC) has filed similar charges against Coinbase (NASDAQ:COIN) – the US’s only publicly traded crypto exchange. The charges against Coinbase include operating an unregistered securities exchange, acting a broker,… Read More




Fintech Thunes, Rawbank to Enable Global Mobile Money Transfers

Global cross-border payment infrastructure company Thunes and Rawbank, the bank in the Democratic Republic of Congo (DRC), announced a partnership “to facilitate cross-border transaction flows between the DRC and the rest of the world through illicocash.” By partnering with Thunes, Rawbank now “becomes the first… Read More

AntChain Introduces Privacy-Preserving Computing Platform, Offering Data Privacy Protection Solution for AI Machine Learning

AntChain announced a new collaboration with Intel to launch AntChain Massive Data Privacy-Preserving Computing Platform (MAPPIC), a new privacy-preserving computing (PPC) platform that brings a data privacy protection solution for large-scale AI machine learning. As a Software-as-a-Service (SaaS) platform, MAPPIC is based “on the Trusted… Read More

US House Passes More Legislation Aimed at Improving Access to Capital Including Expansion of Accredited Investor Definition

Last week, CI reported that the US House of Representatives passed several bills that aim to improve access to capital and to level the playing field for retail investors – including an update to the definition of an accredited investor. This week, the House has… Read More

House Financial Services Committee Schedules Hearing on Digital Assets

Following the hearing today on digital assets held by the House Committee on Agriculture, the House Financial Services Committee has scheduled its own hearing on digital assets. The Ag Committee oversees commodities and the Commodity Futures Trading Commission (CFTC), the main regulator of Bitcoin. Some… Read More

SEC Wants to Freeze Binance Assets to Protect US Customers

The Securities and Exchange Commission (SEC) has filed an emergency action seeking a temporary restraining order to freeze the assets of Binance while requiring defendants to repatriate assets held for the benefit of customers of Binance.US. The SEC says the action is designed to protect… Read More

Payment Data Provider RIBBIT Acquires ValidiFI, Enhancing Data, Products and Market Presence

RIBBIT, Inc., the “authority” on alternative bank and payment data, today announces its acquisition of ValidiFI, a provider of fraud, compliance, and risk mitigation solutions. The acquisition will aim to “create the industry’s leading banking and payment data solutions platform, improving the company’s product offering… Read More

Online Payments Report: Indian Households to Make Over 50% Non-Cash Transactions by FY26

Redseer Strategy Consultants released a report titled ‘Future of Online Payments’ in collaboration with Plural by Pine Labs. The report “highlights growth projections for the forecast period FY23-26 and shares insights on segments like UPI, Bharat Bill Payment System (BBPS), Embedded Finance, and e-commerce.” As… Read More

Competitive Enterprise Institute Comments on SEC Charges Against Coinbase: An Unprecedented Affront Against All Types of Businesses

The Competitive Enterprise Institute (CEI), Director of Finance Policy, John Berlau, has shared a comment on the Securities and Exchange Commission’s enforcement action targeting Coinbase (NASDAQ:COIN). Earlier today, the SEC filed charges against Coinbase, alleging that the crypto platform is operating as an unregistered securities… Read More

Fintech Cross River Bank, to Streamline Real Estate Transactions with Secure Payment Infrastructure

Cross River Bank, a technology infrastructure provider that offers embedded financial solutions, announced its strategic partnership with, a Software-as-a-Service (SaaS) platform to for real estate payment transactions. This collaboration marks “a significant milestone in transforming the way stakeholders in real estate transactions handle and… Read More

Fineqia: SEC’s Actions Against Coinbase Could Push Digital Asset Exchanges Outside the US

The Securities and Exchange Commission’s one-two punch attacking Binance and Coinbase – two of the largest crypto exchanges in the world – may push other crypto marketplaces outside the US. As the US has struggled to craft new regulations to oversee the digital asset marketplace,… Read More


Bank of America, Apple Execs Join Chargebacks911 to Support Business Expansion Efforts

Chargebacks911 and Fi911, the firm focused on chargeback management technology, announced the appointment of payments industry professionals Guy Harris as its Chairman of the board, and Eric M. Hoffman as President of Interbank Solutions and board member. The two experienced and well-connected payments professionals, “who… Read More

BTC Adoption in LatAm: Stablecoin Issuer Tether Participates in $1B Investment to Build Bitcoin Mining Farm in El Salvador

Tether, the company operating the fintech platform that powers the first and most “widely used” stablecoin in the world, announced it “has participated in the first round of a new billion dollar renewable energy initiative in El Salvador.” Following on its mission to invest… Read More

Monogram Orthopaedics Trades Shares on Nasdaq Following Reg A+ Securities Offering

Monogram Orthopaedics (NASDAQ:MGRM) aw its shares trade on Nasdaq following private security offering under Reg A+ – an exemption that allows retail investors to back a private firm. The offering was facilitated by DealMaker, a platform, and broker-dealer specializing in private securities and Republic, which… Read More

Online Fraud: Banks Now Getting Better Grip on Fraudulent Activities, But Issue Still A Threat to Businesses, SEON Report Claims

Online fraud and financial crime prevention platform SEON has released its latest ‘Global Banking Fraud Index’, which analyzes “the cost of fraud to banks and other financial institutions around the world in 2023.” Notably, the new review by SEON highlights the following: The value of… Read More

P2P Lender Folk2Folk Reports Four Years of Profitability

Peer-to-peer lender Folk2Folk is reporting its fourth year of profitability. According to the UK-based secured lender, pre-tax profit came in at £1.373 million for its 2022 financial year, marking four consecutive years of profitability. In addition, the company is issuing dividend payments to shareholders for… Read More

Business Loan Approvals by Banks Decline

Approvals by big banks for small business loans continue to decline. According to Biz2Credit’s periodic survey of SME lending, loan approval percentages at big banks dipped from 13.5% in April to 13.4% in May. At the same time, approval ratings at small banks remained at… Read More

Crypto Exchange LCX Announces Asset Backed NFTs, Launches Diamond Marketplace – Tiamonds

Regulated crypto exchange LCX has announced the launch of asset-backed NFTs [non-fungible tokens]. LCX has labeled the NFT project as Tiamonds, a service aimed to contractually enforce the bridging of digital and physical assets. Specifically, Tiamonds is a marketplace for diamonds which allows users to… Read More

Pricing Platform Togai Raises $3.1 Million Seed Round

Togai has raised $3.1 million in a seed round led by Together Fund, according to a company statement. Other investors include BoldCap, Core91, and angel investors, like Prasanna Shankar, the co-founder of Rippling. Togai is described as a metering and pricing platform for B2B companies…. Read More

CFTC Approves Cboe Clear Digital to Clear Digital Assets

The Commodity Futures Trading Commission (CFTC) has approved an amended order of registration for Cboe Clear Digital, LLC (Cboe Clear) to clear additional products, including digital assets. The CFTC said he approval is subject to the terms and conditions specified in the order as a… Read More

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