October 2, 2024 @ 10:19 am By JD Alois  |  

Michael Terpin, well known in the crypto sector, is reporting a legal win in his ongoing battle with AT&T and a SIM swap scam that saw him robbed of millions of dollars in value of crypto. SIM Swap scams involve someone having their phone taken… Read More

October 2, 2024 @ 10:10 am By JD Alois  |  

Described as a “Synthetic Blockchain Neobank,” Keabank, based in Cyprus, says it has integrated USD payments to its platform as it aims to expand the services it offers to its customers. Dollar-based payments are now available for both businesses and soon individuals to manage both… Read More

October 1, 2024 @ 11:51 am By JD Alois  |  

Plata Finance, the Fintech that acquired Zopa’s loan portfolio, has published its full year annual report including financial statements. Plata is an online lender that originates loans while enabling institutional investors and UK-based individual “pre-screened” investors to participate in securities offerings. Plata reports that servicing… Read More

October 1, 2024 @ 11:06 am By JD Alois  |  

DealMaker, a tech-enabled broker-dealer that specializes in online capital formation, is reporting that issuers using its platform raised over $104 million during Q3 of 2024. The amount raised under the various securities exemptions, grew significantly when compared to previous quarters. DealMaker shares the following information… Read More

October 1, 2024 @ 10:43 am By JD Alois  |  

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning individuals and entities affiliated with Evil Corp, a cybercriminal operation based in Russia. OFAC is taking the action in partnership with the United Kingdom’s Foreign, Commonwealth & Development Office (FCDO) and… Read More

October 1, 2024 @ 10:27 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged three individuals who allegedly concocted a “Pre-IPO Scheme” that raised approximately $120 million. The individuals targeted were Accredited Investors and securities were issued under Reg D. The SEC has charged John LoPinto, Robert Wilkos, and Laren Pisciotti … Read More

October 1, 2024 @ 9:27 am By JD Alois  |  

The Draghi Report Previously, CI reported that Mario Draghi, formerly the European Central Bank (ECB) president, had hammered the EU on its lack of support for innovation, declaring that Europe is falling behind. The full report, published on the ECB website, states that European “innovation is blocked at… Read More

September 30, 2024 @ 4:10 pm By JD Alois  |  

Growth Capital Ventures (GCV) , an online investment platform based in the UK, is reporting on an exit from QikServ – a company that sold shares on the GCV platform. QikServ has been acquired by The Access Group, according to the company. QikServe is a… Read More

September 30, 2024 @ 12:58 pm By JD Alois  |  

The Digital Securities Sandbox (DSS) is now open for applications. Digital securities, or tokenized assets, are widely believed to be the future of the securities sector. While anticipation of the migration to digital from more analog issuance and trading of securities has been predicted for… Read More

September 27, 2024 @ 4:36 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed charges against Mango DAO and Blockworks Foundation for the sale of MNGO tokens which the Commission alleges were actually unregistered securities. Without admitting or denying the allegations, Mango DAO, Blockworks Foundation, and Mango Labs have all agreed… Read More

September 27, 2024 @ 10:52 am By JD Alois  |  

FCA-regulated real estate investment platform Shojin and Anarock, a Dubai-based real estate brokerage firm, have announced a new partnership. According to a company statement, the two firms will open up real estate investment opportunities for each of their investor networks. Anarock’s clients from Dubai will gain access to… Read More

September 27, 2024 @ 10:31 am By JD Alois  |  

Senator Tim Scott, the ranking Member of the Senate Banking Committee, has introduced legislation seeking to improve access to capital and assist the innovation and entrepreneurship sector of the economy. The Empowering Main Street in America Act of 2024 aims to “improve access to capital for… Read More

September 26, 2024 @ 3:50 pm By JD Alois  |  

Anti-Fintech politicians Senator Elizabeth Warren and Senator Chris Van Hollen have forwarded a letter to the Office of the Comptroller of the Currency (OCC), US Federal Reserve, and Federal Deposit Insurance Corporation (FDIC) demanding that bank regulators crack down on Fintechs providing bank-like services. Senators… Read More

September 26, 2024 @ 3:36 pm By JD Alois  |  

The Canadian Securities Administrators (CSA) has posted a note on value-referenced crypto assets (VRCAs) – otherwise known as stablecoins. While stablecoins are primarily associated with fiat currency, they can also be tied to other assets. CSA states that registered crypto asset trading platforms (CTPs), as… Read More

September 26, 2024 @ 12:25 pm By JD Alois  |  

Both London and New York City have long been top global financial centers, and both locales have emerged as Fintech leaders. The sheer size of the US market has helped NYC maintain a significant advantage over London in global rankings, but a report shared today… Read More

September 26, 2024 @ 11:42 am By JD Alois  |  

Prime property financing platform CapitalRise says that housing in the Home Counties, areas surrounding London, saw home prices increase by 37% more than homes in the rest of England. The Home Counties are deemed to be desirable areas outside of London. Specifically, house prices in… Read More

September 26, 2024 @ 10:47 am By JD Alois  |  

Aktionariat AG and Taurus SA have announced a partnership on tokenization. Both firms are based in Switzerland – a jurisdiction that has supported Fintech innovation. Aktionariat is a tokenization platform with over 70 tokenized Swiss companies and more than 30.000 users. Its tools include token… Read More

September 26, 2024 @ 10:21 am By JD Alois  |  

R3, a permissioned blockchain provder targeting the enterprise sector, is partnering with Ownera on interoperability solutions for R3’s blockchain Corda. Ownera specializes in digital securities or “tokenized” assets. Ownera seeks to boost distribution and liquidity by connecting tokenized assets, enabling the negotiation and settlement of… Read More

September 26, 2024 @ 9:50 am By JD Alois  |  

As was previously reported, the US Department of Justice (DOJ) has filed a lawsuit against Visa (NYSE:V) claiming uncompetitive practices that stifle innovation while keeping costs high for consumers. A statement by the Competitive Enterprise Institute (CEI) posted this week counters this argument, claiming the DOJ’s… Read More

September 26, 2024 @ 9:39 am By JD Alois  |  

The Digital Lending Association (DLA) says it has elected Patrick Stäuble, founder and CEO of Teylor AG, to its board of directors. Simultaneously, Philipp Kriependorf, co-founder and Managing Director of auxmoney GmbH, and Marco Hinz, Managing Director of CrossLend GmbH, were unanimously re-elected. Tthe DLA… Read More