February 14, 2024 @ 6:10 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) says it has received a court order to enforce a subpoena targeting two crypto promoters who participated in the NovaTech investment program. The US District Court for the Northern District of Texas granted the SEC’s request for documents issued… Read More

February 14, 2024 @ 5:30 pm By JD Alois  |  

The Securities and Exchange Commission has submitted a rule change that will slightly increase the amount of money that can be committed to a “qualifying venture capital fund” for purposes of the Investment Company Act of 1940 (Act). The increase would raise the cap from… Read More

February 14, 2024 @ 4:37 pm By JD Alois  |  

The Federal Reserve Bank of New York has published a write-up on Buy Now Pay Later (BNPL) services explaining reviewing which consumers select this payment option. Economists and analysts Felix Aidala, Daniel Mangrum, and Wilbert van der Klaauw claim that “more-fragile households” use these services… Read More

February 14, 2024 @ 10:14 am By JD Alois  |  

DealMaker, a tech-enabled broker-dealer specializing in online capital formation, has announced a new Chief Marketing Officer (CMO), Jonathan Stidd. DealMaker co-founder and CEO Rebecca Kacaba said that Stidd’s track record of working with issuers to raise over $600 million has helped to define the crowdfunding… Read More

February 14, 2024 @ 9:00 am By JD Alois  |  

FIS (NYSE:FIS) has announced a partnership with Banked to offer a new “pay by bank” solution for both consumers and businesses. Banked, enables consumers to pay directly using their bank without entering any financial data. Last year, FIS became one of the first Fintechs to… Read More

February 13, 2024 @ 4:09 pm By JD Alois  |  

  The Cambridge Centre for Alternative Finance (CCAF)  has revealed the Cambridge Digital Money Dashboard (CDMD). The Centre is part of the Cambridge Judge Business School, University of Cambridge. CCAF is the leading independent research group covering the world of Fintech, including digital assets. The… Read More

February 13, 2024 @ 9:28 am By JD Alois  |  

Seedrs, a securities crowdfunding platform operating in the UK and continental Europe, has shared some numbers for platform performance during the month of January. Seedrs reports that it listed 13 primary securities offerings during the month. When you combine private deal room activity and secondary… Read More

February 12, 2024 @ 2:44 pm By JD Alois  |  

Bitcoin (BTC) traded above $50,000 today for the first time in a long time. Not since the end of 2021 has Bitcoin traded above this key mark – topping $64000 – its all time high. Bitcoin is the most popular crypto and the only one… Read More

February 12, 2024 @ 10:37 am By JD Alois  |  

Apple (NASDAQ:AAPL), one of the largest Fintechs in the world as well as one of the largest tech firms globally, is expected to soon offer virtual credit cards in a future update of the iOS for iPhone users. 9to5Mac, referencing a Reddit thread for beta… Read More

February 9, 2024 @ 2:40 pm By JD Alois  |  

October, once a top online lending platform and leading Fintech based in France, has sold its main asset, “October Connect,” to software firm Sopra. The terms of the asset sale were not immediately available. According to Les Echos, “it looks like the end” for the… Read More

February 9, 2024 @ 11:20 am By JD Alois  |  

NatWest says it is the first UK bank to join the UK Open Banking DPS or Dynamic Purchasing System. As explained by the UK government: “… frameworks – otherwise known as agreements – help public and third sector buyers to procure goods and services from… Read More

February 9, 2024 @ 10:27 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has assessed a combined penalty of $81 million to sixteen financial services firms for transgressions involving electronic communications. Each penalized firm has agreed to the penalties. The SEC Division of Enforcement said there have been “pervasive and longstanding uses… Read More

February 8, 2024 @ 10:11 pm By JD Alois  |  

The Digital Assets, Financial Technology and Inclusion Subcommittee, part of the House Financial Services Committee, has scheduled a hearing entitled, “Crypto Crime in Context Part II: Examining Approaches to Combat Illicit Activity.” The hearing is scheduled for Thursday, February 15, 2024, at 2 PM ET…. Read More

February 8, 2024 @ 3:01 pm By JD Alois  |  

Earlier this week, the Secretary of the Treasury, Janet Yellen, testified in front of the House Financial Services Committee. The hearing was scheduled to review the Financial Stability Oversight Council (FSOC). This is a group of federal financial regulators, and others, gathered to address risks… Read More

February 8, 2024 @ 11:09 am By JD Alois  |  

EstateGuru, an online investment platform based in Estonia, has provided some insight into operations in 2023 According to the online lender, investors contributed €101.9 million to the marketplace. This can be segregated by €92.7 million from retail investors and  €9.2 million from institutional investors. The… Read More

February 8, 2024 @ 9:33 am By JD Alois  |  

Financement Participatif France (FPF), the French crowdfunding association, has partnered with Mazars to produce its 5th annual Crowdfunding Barometer – tracking the performance of online capital formation in the second-largest economy in Europe. Mazars is a global, France-based accounting and consulting agency. The report covers… Read More

February 7, 2024 @ 7:02 pm By JD Alois  |  

Institutional digital asset infrastructure firm Paxos is integrating Chainlink’s PayPal USD price feed to accelerate the tokenization economy. Paxos also wants to boost the adoption of PYUSD – a dollar-based stablecoin powered by Paxos and issued by PayPal. At the same time, Chainlink and Paxos… Read More

February 7, 2024 @ 1:48 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed another enforcement action targeting a digital asset firm. The SEC has filed charges against TradeStation Crypto, alleging an unregistered offering of a “crypto asset lending product.” TradeStation Crypto has settled the charges without admitting or denying the… Read More

February 7, 2024 @ 11:00 am By JD Alois  |  

Germany-based Moonfare says it will soon provide access to retail investors to “top tier” private equity managers following the introduction of new EU regulations last month. Additionally, limited secondary trading is available on the platform. The new rules came into effect on January 10, 2024…. Read More

February 7, 2024 @ 10:41 am By JD Alois  |  

Anchorage Digital, an institutional digital asset platform, and FusionIQ say they can now offer crypto investments for financial advisors and institutions. Going forward, financial advisors and institutions will be able to access regulated digital assets alongside more traditional asset classes. The two firms describe the… Read More