August 16, 2024 @ 10:31 am By JD Alois  |  

A Canada based crypto trading platform has pilfered $13 million from its users. According to a statement issued by the British Columbia Securities Commission (BSC), the exchange in question took the money from its customers and used it for gambling. The trading platform in question… Read More

August 16, 2024 @ 9:55 am By JD Alois  |  

European investing App Peaks has raised €1.38 Million on Republic Europe topping its initial goal of €1,000,000. According to the offering page, Peaks was selling equity at a pre-money valuation of €52 million. Investors in the securities offering numbered 2128, aquiring a 2.55% equity stake… Read More

August 16, 2024 @ 8:20 am By JD Alois  |  

Following the announcement that Apple (NASDAQ:AAPL) will open up its NFC ecosystem to outside payments providers, UK Fintech Curve has announced its intent to join the giant tech firm’s platform. Curve CEO and founder Shachar Bialick has issued the following statement: “We welcome Apple’s latest announcement,… Read More

August 15, 2024 @ 4:44 pm By JD Alois  |  

Bitso, a top crypto exchange operating in Latin America, has enlisted the services of Coincover to protect user assets from hacks and more. According to Bitso, Coincover will provide protection  against thefts and lost access thus providing a higher degree of safety for its account… Read More

August 15, 2024 @ 9:59 am By JD Alois  |  

Core banking provider 10X Banking and LTIindree, a consulting firm, have announced a global partnership. According to a statement issued by the two firms, the partnership aims to fuel the utilization of the core banking product. LTIMindtree has set up a new global practice of… Read More

August 15, 2024 @ 6:27 am By JD Alois  |  

The Securities and Exchange Commission has penalized 26 broker-dealers, and investment advisers, for “widespread and longstanding failures by the firms and their personnel to maintain and preserve electronic communications.” The 26 firms have settled the matter by acknowledging their shortcomings and have agreed to pay… Read More

August 14, 2024 @ 2:15 pm By JD Alois  |  

As Apple (NASDAQ:AAPL) will soon open payments on their iPhone to third parties, stablecoin issuer Circle says it will soon compete with other traditional payment providers. According to Apple, in-app, NFC transactions will be opened to developers with the release of iOS 18.1. “APIs, developers… Read More

August 14, 2024 @ 2:04 pm By JD Alois  |  

Cerebras, an artificial intelligence enabler, sold securities using the StartEngine platform. Part of its private deal room, the offering was opened to accredited investors who are allowed to invest alongside well known VCs. According to StartEngine, Series Cerebras 1 and 2 sold out on the… Read More

August 14, 2024 @ 1:52 pm By JD Alois  |  

Tally, a Fintech created to assist consumers in paying of their credit card debt, has shuttered its doors. In a blog post, Tally CEO Jason Brown said it was the end of Tally as they were unable to raise additional funding to keep operations going…. Read More

August 14, 2024 @ 11:22 am By JD Alois  |  

The Australian Stock Exchange (ASX) was once viewed as a pioneer in transitioning from legacy exchange technology – CHESS –  to blockchain or distributed ledger technology. The strategy was to create a “database architecture that solves a data reconciliation issue.” This has nothing to do… Read More

August 14, 2024 @ 10:17 am By JD Alois  |  

After launching 9 months ago, Frec has announced surpassing $100 million in customer assets. Frec is a FINRA-regulated broker-dealer and RIA. Frec enables index investing focusing on tax loss harvesting to mitigate some of the punitive taxes shouldered upon investors. Frec has also announced several… Read More

August 13, 2024 @ 2:53 pm By JD Alois  |  

Oakland Ballers, a new minor league baseball team aiming to fill the void left by the departure of the Oakland A’s, is gearing up for a securities offering and is leveraging DealMaker’s services to potentially raise funding. DealMaker is a tech provider that can enable… Read More

August 13, 2024 @ 1:28 pm By JD Alois  |  

Artificial intelligence (AI) firm Groq has raised $640 million in a funding round led by BlackRock Private Equity Partners. Other existing and new investors included Neuberger Berman, Type One Ventures, and strategic investors, including Cisco Investments, Global Brain’s KDDI Open Innovation Fund III, and Samsung… Read More

August 13, 2024 @ 10:58 am By JD Alois  |  

  Yesterday, it was reported that the Securities and Exchange Commission (SEC) had filed fraud charges against NovaTech, and its founders as well as several other executives. The SEC claims that over $650 million was pilfered in the operation, which saw early investors receive payouts… Read More

August 13, 2024 @ 10:04 am By JD Alois  |  

Tomorrow, the UK government will update the country on the status of inflation.  The last reading, released in June, showed an inflation rate of 2.8% – higher than the benchmark target of 2% inflation – the same goal held in the US. Last November, inflation… Read More

August 13, 2024 @ 6:26 am By JD Alois  |  

Retail trading platform Spectrum Markets says European retail investors are bullish on crypto. Part of the reason for this statement is that some US Presidential candidates have indicated their support of digital asset innovation. Michael Hall, Head of Distribution at Spectrum Markets, said that former President… Read More

August 12, 2024 @ 10:12 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed charges against NovaTech Ltd. and its founders, Cynthia and Eddy Petion. The charges allege a $650 million crypto fraud involving over 200,000 investors worldwide. NovaTech’s alleged pyramid scheme was registered in St. Vincent and the Grenadines. It… Read More

August 12, 2024 @ 1:56 pm By JD Alois  |  

Last week, it was reported that Ripple had paid a $125 million penalty to settle an enforcement case brought by the Securities and Exchange Commission (SEC). Ripple, the issuer of XRP, was found guilty of selling unregistered securities, but the penalty was far smaller than… Read More

August 12, 2024 @ 1:32 pm By JD Alois  |  

Ticombo will work with Mangopay to improve the ticket-selling and buying experience. According to a release,  Mangopay will manage Ticombo’s end-to-end payment flow. Berline-based Ticombo allows event organizers, resellers, and consumers from around the world to sell or resell event tickets. Atle Barlaup, co-founder and… Read More

August 12, 2024 @ 1:26 pm By JD Alois  |  

RBC Clearing & Custody will provide clearing services to OpenYield, a bond marketplace that aims to make trading bonds more like trading equities. Open Yield operates an alternative trading system (ATS) – the first serviced by RBC Clearing. David Aronow, Business Development Manager at RBC… Read More