April 17, 2024 @ 8:08 am By JD Alois  |  

Senators Cynthia Lummis and Kirsten Gillibrand are taking another swing at regulating digital assets – specifically with stablecoin legislation. The bipartisan bill was revealed today and it attempts to provide a federal path to regulated privately issued stablecoins in a market that is largely overseen… Read More

April 16, 2024 @ 6:13 pm By JD Alois  |  

Predictions about Bitcoin’s future price span the spectrum. The most recent bull run has fueled speculation that Bitcoin is poised to move even higher. The upward price expectations are due in part to the launch of regulated Bitcoin spot ETFs in the United States and… Read More

April 16, 2024 @ 5:09 pm By JD Alois  |  

According to a company statement, BeyondTrust has acquired Entitle. The terms of the definitive agreement were not disclosed. This acquisition includes all Entitle products, employees, customers, partners, assets, and intellectual property. BeyondTrust is an identity firm offering a “Privilege Identity Security platform.” Entitle is a… Read More

April 16, 2024 @ 4:22 pm By JD Alois  |  

Launched in November of 2023, SoFi (NASDAQ:SOFI), a multi-faceted Fintech that provides banking services, introduced an ETF [exchange traded fund] that aims to emulate the higher returns expected from bigger money. The ETF, THTA, was launched in partnership with Tidal Investments LLC and ZEGA Financial… Read More

April 16, 2024 @ 1:36 pm By JD Alois  |  

European investment crowdfunding platform Seedrs is reporting that it raised £ 12.7 million from more than 6,000 investors via public campaigns during the month of March. Including all avenues of investment; primary offerings, secondary offerings, funds, and private deals, the number moves higher to £21.4… Read More

April 16, 2024 @ 12:49 pm By JD Alois  |  

Lisbon, Portgul-based Bison Bank says it has seen revenues increase by 240% in 2023 when compared to the year prior. Bison Bank is focused on providing a range of Wealth Management, Custody, and Investment Banking services to individual and institutional clients. Affiliated firm, Bison Digital… Read More

April 16, 2024 @ 7:58 am By JD Alois  |  

Berlin-based Fintech finmid has announced a €35 Million funding round following its emergence from stealth mode. Investors include Blossom Capital, Earlybird VC, and N26-founder Max Tayenthal.  finmid is an embedded finance platform that aims to provide platforms with an alternative to working with banks. The… Read More

April 16, 2024 @ 7:37 am By JD Alois  |  

Online investment platform Seedrs has announced a new partnership with Microsoft (NASDAQ:MSFT) to launch “SERIES A,” an AI-focused accelerator. The accelerator is said to be open to all Seed and Series A firms. Seedrs described the partnership as “an industry first that will help supercharge… Read More

April 15, 2024 @ 11:36 am By JD Alois  |  

Two digital asset firms, R3 and Quant, have been chosen to provide services for the UK’s Regulated Liability Network (RLN). R3 is an enterprise focused permissioned blockchain provider named Corda. Quant is a tokenization service supporting traditional financial institutions. RLN is led by UK Finance… Read More

April 15, 2024 @ 10:29 am By JD Alois  |  

Alliance Bernstein has published a research report on crypto addressing the stablecoin market. Authored by Gautam Chhugani and Mahika Sapra, the report shares that annualized transfers of stablecoins are around $6.8 trillion. While Tether (USDT) and Circle (USDC) dominate the dollar-based stablecoin market and most… Read More

April 15, 2024 @ 9:49 am By JD Alois  |  

OurCrowd, a global online investment platform, commented on the success of the Iron Dome following the unprecedented attack by Iran, which launched hundreds of missiles and drones on Israel. The weekend attack by Iran was in response to claims that Israel bombed its consulate in… Read More

April 15, 2024 @ 7:48 am By JD Alois  |  

Goldman Sachs (NYSE:GS) has revealed that Q1 2024 earnings have topped analyst expectations. Goldman reported net revenues of $14.21 billion and net earnings of $4.13 billion for the quarter ended March 31st. Earnings per common share (EPS) was $11.58, and annualized return on average common… Read More

April 12, 2024 @ 12:31 pm By JD Alois  |  

The Securities and Exchange Commission, Small Business Capital Formation Advisory Committee (SBCFAC), has scheduled its next meeting for May 6, 2024. As of today, the agenda has not been released. At the last meeting in February, the SBCFAC discussed multiple topics of interest, including a… Read More

April 12, 2024 @ 12:20 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has penalized five individual investment advisors for allegations of violating marketing rules. According to the SEC, each entity has settled the charges and agreed to pay $200,000 in combined penalties. The five firms are as follows: GeaSphere LLC Bradesco… Read More

April 12, 2024 @ 11:24 am By JD Alois  |  

The UK economy barely posted a positive figure in February, according to the Office for National Statistics.  Monthly GDP is said to have grown by 0.1% in February 2024, following growth of 0.3% in January 2024. The consecutive growth indicates that the UK has exited… Read More

April 11, 2024 @ 10:51 am By JD Alois  |  

The most respected bank executive in the world, Jamie Dimon, CEO of JP Morgan Chase (NYSE:JPM), posted his annual shareholders letter today. The letter covered a wide range of topics, including politics and policy. Dimon’s opinion is widely followed in the financial services world, as… Read More

April 11, 2024 @ 9:19 am By JD Alois  |  

Mimo, a UK-based platform that supports global payments, cash flow, and financial management for SMEs and finance professionals, has raised £15.5 million in funding. Northzone led the funding round. Other investors include Cocoa Ventures, Seedcamp, and Upfin VC, with an asset-backed facility arranged by Fost…. Read More

April 11, 2024 @ 9:11 am By JD Alois  |  

Performance Finance Limited has received a £15 million facility from the British Business Bank.  Performance Finance will use the funds to support to smaller businesses to accelerate their growth. Performance Finance provides financing for professionals like opticians, dentists, solicitors, vets, and surgeons. This includes business loans,… Read More

April 11, 2024 @ 8:59 am By JD Alois  |  

Bitfinex Securities El Salvador S.A. has issued a statement on a security token, or digital security, offering to help finance the Hampton by Hilton Hotel in El Salvador. The project expects to create 1000 jobs during construction and, eventually, 5000 direct and indirect jobs upon… Read More

April 10, 2024 @ 11:33 pm By JD Alois  |  

The UK Financial Conduct Authority (FCA) has issued a report on consumer debt. The FCA states that 7.4 million people are struggling to pay bills and credit card debt (January 2024).  While this is lower than the 10.9 million in January 2023 who were encountering… Read More