June 18, 2024 @ 11:21 am By JD Alois  |  

Zencity has raised $40 million in Series C funding, according to the company. The Artificial Intelligence (AI) firm aims to offer community engagement platforms for local governments. The funding round was led by StepStone Group, with participation from existing investors TLV Partners. In total since inception,… Read More

June 17, 2024 @ 3:10 pm By JD Alois  |  

According to a report, Apple’s (NASDAQ:AAPL) buy-now-pay-later (BNPL) product will shut down later this year. Apple Pay Later was expected to be the first digital loan-type service offered by the tech firm, but it appears that Apple is pulling back on the Fintech lending. According to 9to5… Read More

June 17, 2024 @ 2:50 pm By JD Alois  |  

The head of the Crypto Assets and Cyber Unit within the SEC’s Division of Enforcement has exited the agency. David Hirsch posted on LinkedIn earlier today (June 17, 2024) that last Friday was his last day at the SEC after 9 years at the securities… Read More

June 17, 2024 @ 2:06 pm By JD Alois  |  

Last month, the Tokenization Report  Act of 2024 (HR 8464) was introduced into Congress. The House legislation is sponsored by Representative William Timmons, a Republican from South Carolina. The bill, as it stands today, compels multiple federal authorities to review the potential of taking traditional… Read More

June 17, 2024 @ 10:41 am By JD Alois  |  

Fundrise has received a $125 million loan from Franklin BSP Realty Trust (NYSE: FBRT), according to an email distributed by the platform. FBRT originates and manages a diversified portfolio of commercial real estate debt investments through a REIT structure. FBRT states that it has committed… Read More

June 17, 2024 @ 9:17 am By JD Alois  |  

In the UK, the Fintech industry “remains a hotbed” for innovation, driving employment needs – mostly in London. According to a report distributed by Morgan McKinley, the “demand for tech-savvy professionals in the Fintech industry has significantly increased, reflecting the sector’s ongoing digital transformation.” Morgan… Read More

June 17, 2024 @ 8:52 am By JD Alois  |  

Tether, the issuer of the largest stablecoin in the world, USDT, has announced a new digital asset dubbed Alloy – a digital asset tied to gold. Tether describes Alloy as a new type of digital assets or “tethered assets.” Similar to other stablecoins, Alloy, priced… Read More

June 14, 2024 @ 6:17 pm By JD Alois  |  

BNP Paribas Personal Finance UK has commented on its most recent cohort of its UK Fintech Incubator Programme. In an event held at STEAMhouse, eight Fintechs showcased their products, which are focused on how to harness data to enhance engagement with customers in the financial… Read More

June 14, 2024 @ 6:09 pm By JD Alois  |  

Spiko, co-founded in 2023 by Paul-Adrien Hyppolite and Antoine Michon, has raised €4 million in pre-seed funding. Spiko is a tokenization platform that claims to be the first provider in the world to offer fully tokenized Money Market Funds (MMFs). The digital assets leverage both… Read More

June 14, 2024 @ 11:23 am By JD Alois  |  

The Hashgraph Association has announced a partnership with Adanian Labs and The Africa Blockchain Centre. In a statement distributed by Hashgraph, the aim is to support blockchain development in Africa. The partnership expects to “empower over 3000 Web3 developers “across Africa through the DLT Africa… Read More

June 14, 2024 @ 10:11 am By JD Alois  |  

The securities crowdfunding industry needs to do a better job of highlighting successes for investors as well as embracing the failures. Entrepreneurship generates enormous benefits for society, but investors backing these early-stage firms are taking on a lot of risk. Most startups fail, and some… Read More

June 14, 2024 @ 7:33 am By JD Alois  |  

The Securities and Exchange Commission (SEC) reports that Terraform Labs PTE, Ltd. and founder Do Kwon will pay a $4.5 billion penalty as they have been found guilty of a “years-long fraud.”  It was previously reported that the SEC was seeking a $5.3 billion settlement…. Read More

June 13, 2024 @ 5:00 pm By JD Alois  |  

Earlier today, the White House announced that Christy Goldsmith Romero has been appointed to lead the Federal Deposit Insurance Corporation (FDIC). It was reported earlier this week that President Joe Biden would select Goldsmith Romero to take over leadership of the financial regulator following several… Read More

June 13, 2024 @ 2:11 pm By JD Alois  |  

Financement Participatif France (FPF) – the French crowdfunding association, and France Fintech (FFT) have announced a merger of the two organizations. According to a note from the two groups, FFT currently represents over 350 members and 100 partners operating in the Fintech sector. FPF represents… Read More

June 13, 2024 @ 12:58 pm By JD Alois  |  

KingsCrowd, a startup data provider that supports investors, has announced a partnership with Radivision, a streaming platform covering the startup sector. According to a release, Radivision will be offering users the ability to track private investments with its Angel Wallet, which is provided by KingsCrowd…. Read More

June 13, 2024 @ 9:54 am By JD Alois  |  

Year-to-date, Exchange Traded Products (ETPs) that hold digital assets have jumped by 93% assets under management (AUC), up from $49.5 billion at the end of 2023 to $95.4 billion, according to a report. Fineqia (CSE: FNQ) says that the total AUM recorded at the end… Read More

June 13, 2024 @ 9:39 am By JD Alois  |  

Anchorage Digital Bank, a federally chartered digital bank that serves the digital asset sector, has appointed Connie Shoemaker, a former Goldman Sachs executive, to its Board of Directors. Shoemaker currently serves as Chief Operating Officer and Chief Financial Officer of Bridgewater Associates Holdings, Bridgewater’s parent company…. Read More

June 13, 2024 @ 6:00 am By JD Alois  |  

Blockchain firm IOTA has been selected to participate in the European Blockchain Sandbox. According to a blog post, IOTA will be participating in the Sandbox with its Web3 identification product. IOTA says the solution tokenizes all kinds of identification processes, enabling identity verification in Web3 environments… Read More

June 12, 2024 @ 12:40 pm By JD Alois  |  

While it should be obvious to everyone, high individual taxes hinder investment and innovation and diminish wealth creation – which can create benefits for all. The flipside to high taxes is a central authority that provides more social services, or entitlements, to the population while… Read More

June 12, 2024 @ 12:08 pm By JD Alois  |  

This past week, WSJ.com published an article that criticized investment crowdfunding, specifically Regulation A (Reg A+). Reg A+ is a securities exemption that enables early-stage or smaller firms to raise up to $75 million. The security exemption requires an issuer to submit documents to the… Read More