July 3, 2024 @ 3:40 pm By JD Alois  |  

The Subcommittee on Financial Institutions and Monetary Policy, part of the House Financial Services Committee, has scheduled a hearing entitled Financial Institution-Fintech Partnerships: Leveraging Third-Party Relationships to Increase Access to Financial Services. This specific hearing is a “field hearing” and will take place outside of… Read More

July 3, 2024 @ 9:30 am By JD Alois  |  

In commenting on a rule adopted this week pertaining to Registered Index-Linked Annuities and an amended registration form to accommodate these offerings, SEC Commissioner Mark Uyeda slipped in a note about his opinion as to how crypto or digital asset offerings may be managed going… Read More

July 2, 2024 @ 7:19 pm By JD Alois  |  

The Small Business and Entrepreneurship Council (SBE Council) has commented on the current economic environment pertaining to smaller firms. Following the recent Presidential debate in Atlanta, the SBE Council noted that small businesses received little attention from either President Jo Biden or prior President Donald… Read More

July 2, 2024 @ 1:42 pm By JD Alois  |  

Digital lender Assetz Capital has shared information on two transactions. Assetz Capital is an online lender supporting the property development sector. According to the company, one transaction included a £5 million commercial mortgage to refinance an ibis Styles hotel at Waterloo Street in Glasgow, owned… Read More

July 1, 2024 @ 5:47 pm By JD Alois  |  

After an extended period of tepid activity in the private securities markets, private tech firms in Israel experienced an increase in funding during Q2 2024. According to the IVC—Leumitech report, private funding hit $2.9 billion for 110 funding rounds during the second quarter. If you… Read More

July 1, 2024 @ 4:40 pm By JD Alois  |  

In a sign of trust, the US Marshals Service (USMS), which happens to be part of the US Department of Justice, has selected Coinbase (NASDAQ:COIN) to help it manage its digital assets, which come from seizures and forfeitures. While one part of the federal government… Read More

July 1, 2024 @ 10:28 am By JD Alois  |  

Fintech has long been a hot sector of online capital formation and Currensea raising money on Seedrs is emblematic of a popular firm able to raise money quickly in a crowdfunded securities offering. According to multiple reports, Currensea has cruised past its £1 million funding… Read More

June 28, 2024 @ 6:11 pm By JD Alois  |  

While there are crickets at the Securities and Exchange Commission (SEC), a Commissioner at the Commodities Futures Trading Commission has welcomed the Supreme Court’s decision this week in SEC v. Jarkesy. CFTC Commissioner Caroline Pham has issued the following statement on the ruling: “As I’ve said… Read More

June 28, 2024 @ 1:35 pm By JD Alois  |  

Consensys, founded by an Ethereum co-founder, has been hit with charges by the Securities and Exchange Commission (SEC) alleging the offer and sales of unregistered securities via its Metamask staking service. Metamask offers staking of Ethereum for users to generate “rewards.” Consensys is one of… Read More

June 28, 2024 @ 12:22 pm By JD Alois  |  

Mt. Gox will soon start distributing around $9 billion in Bitcoin and Bitcoin Cash. In a notice posted on the Mt. Gox website, the entity said distributions will start in July: “The Rehabilitation Trustee has been preparing payments in Bitcoin and Bitcoin Cash in accordance… Read More

June 28, 2024 @ 11:38 am By JD Alois  |  

Top European tokenization platform, Tokeny, has distributed an email highlighting the fact that MiCA or Markets in Crypto Assets regulation, does not regulated digital assets which are securities or other financial assets. MiCA goes into force on June 30, 2024. The EU regulation provides rules… Read More

June 28, 2024 @ 10:53 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged BorrowMoney.com with allegations of fraud. The enforcement action by the SEC also cites Aldo Piscitello, who is said to be the sole officer and majority shareholder of the firm. According to the BorrowMoney website, the company claims:… Read More

June 27, 2024 @ 5:25 pm By JD Alois  |  

Coinbase (NASDAQ:COIN) has revealed a partnership with global e-commerce enabler Stripe.  According to a blog post on Coinbase, Stripe will now support Base – a level II Ethereum-based network incubated by Coinbase and open source. Coinbase describes Base as their “all in” commitment to onchain,… Read More

June 27, 2024 @ 11:43 am By JD Alois  |  

The Investor Choice Advocates Network (ICAN) has issued a statement pertaining to the US Supreme Court’s decision issued today regarding SEC v. Jarkesy. The Supreme Court has ruled that when the Securities and Exchange Commission seeks civil penalties against a defendant for securities fraud, the… Read More

June 27, 2024 @ 10:44 am By JD Alois  |  

In what will be a dramatic change for the Securities and Exchange Commission (SEC), the Supreme Court has ruled that when the SEC seeks civil penalties against a defendant for securities fraud, the defendant is entitled to a jury trial. Currently, the SEC may adjudicate… Read More

June 26, 2024 @ 4:21 pm By JD Alois  |  

Artificial intelligence (AI) firm ValidMind has hired former JPMorgan Chase executive Kristof Horompoly. According to an email, Horompoly is now the new Head of AI Risk Management at ValidMind. While at JPM, Horompoly was head of Responsible AI at the global bank.. Horompoloy is expected… Read More

June 26, 2024 @ 9:03 am By JD Alois  |  

MiCA, or Markets in Crypto Assets regulation approved by the EU, will soon come into effect. The new regulations aim to create a compliant ecosystem to enable digital asset innovation while protecting consumers and businesses. Today, Bitstamp, a long-established crypto exchange, has announced that it… Read More

June 25, 2024 @ 4:33 pm By JD Alois  |  

SeedBlink, a European securities crowdfunding platform, has announced “Rolling Facility,” a feature that is said to enable continuous funding for issuers on the platform. While it is becoming commonplace for early-stage firms to pursue multiple offerings on online platforms, somewhat similar to VC/Angel rounds, SeedBlink… Read More

June 25, 2024 @ 2:23 pm By JD Alois  |  

Financial services are best when they are ubiquitous but not obtrusive – there when you need them, but otherwise, not in the way. This is the goal of Fintech everwhere and embedded financial services. In Brazil, iFood Pago, a digital bank for restaurants, is taking… Read More

June 25, 2024 @ 11:03 am By JD Alois  |  

Germany based payments platform Nexi says it now enables merchants in Germany to accept in-person contactless payments with Tap to Pay on iPhone. The company added that it will continue to expand the availability of Tap to Pay on iPhone to its customers across Europe… Read More