May 3, 2024 @ 9:33 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged BF Borgers CPA PC and its owner, Benjamin F. Borgers with deliberate and systemic failures to comply with Public Company Accounting Oversight Board (PCAOB) standards in its audits and reviews incorporated in more than 1,500 SEC filings… Read More

May 3, 2024 @ 9:11 am By JD Alois  |  

TransferGo, and Tink have announced a partnership to enable international transfers and payments call Pay by Bank. Owned by Visa, Tink is a payments and transfers Fintech that is connected to over 6000 banks. Founded in Sweden, the company also provides banking and lending solutions…. Read More

May 2, 2024 @ 4:34 pm By JD Alois  |  

Top stablecoin issuer Tether will be working with Chainalysis in an effort to boost compliance and monitoring of any potential illicit activity. Over the years, Tether has been hit with claims of shoddy operations, and the company has worked to alleviate those concerns. This week,… Read More

May 2, 2024 @ 4:13 pm By JD Alois  |  

Block (NASDAQ:SQ), founded by Twitter (X) creator Jack Dorsey, is being scrutinized by federal prosecutors for allegedly facilitating illicit transactions. The report was first covered by NBC.com. Blcok operates the popular e-commerce platform Square as well as the P2P transfers platform CashApp. According to the… Read More

May 2, 2024 @ 11:48 am By JD Alois  |  

Haatch EIS Fund is launching on Seedrs making the fund available to smaller investors. Investment in this EIS Fund is expected to be across 4-6 companies. Haatch reports that its first EIS Fund is valued at over 320%, and the fourth EIS Fund is valued… Read More

May 2, 2024 @ 11:28 am By JD Alois  |  

Orum has announced the launch of the “first-ever” no-code product built on top of FedNow to verify bank accounts instantly. FedNow is a US Federal Reserve service that enables instantaneous transfer solutions for financial services firms. Orum states that the no-code solution is better than… Read More

May 2, 2024 @ 10:50 am By JD Alois  |  

XLink has partnered with Cobo and Coincover to reduce risk in the digital asset sector. XLink, a subsidiary of ALEX, is a DeFi platform on Bitcoin. According to a statement from the firm, approximately $336 million in crypto was lost to  scams in the first… Read More

May 2, 2024 @ 10:18 am By JD Alois  |  

Artificial Intelligence (AI) firm Apex is reporting a $7 million Seed round led by big-name investors. According to Apex, which has just emerged from stealth, Sequoia Capital and Index Ventures led the funding. Other prominent investors included Sam Altman, CEO of OpenAI. Apexi is a security… Read More

May 2, 2024 @ 8:47 am By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has scheduled an “AI Day” for today (May 2, 2024). In advance of this gathering, the CFTC has appointed its first Chief Artificial Intelligence Officer.  CFTC Chairman Rostin Behnam has selected Dr. Ted Kaouk for the new role. Currently,… Read More

May 1, 2024 @ 4:05 pm By JD Alois  |  

The Securities and Exchange Commission, Office of the Advocate for  Small Business Capital Formation, has posted a report on minotry and women activity in the Reg CF securities crowdfunding sector. Reg CF is one of the exemptions that enables online capital formation as well as… Read More

May 1, 2024 @ 3:46 pm By JD Alois  |  

The US Federal Reserve’s Federal Open Market Committee (FOMC) decided to hold rates steady today. While no one was expecting a move in either direction, markets were keenly watching the FOMC statement to determine the Fed’s thinking regarding future rate adjustments. The target range for the… Read More

May 1, 2024 @ 11:21 am By JD Alois  |  

tZERO is a recognized trailblazer when it comes to digital securities. An early adopter of the concept of tokenization and digital assets, today, tZERO is a regulated Broker Dealer and an SEC-approved alternative trading system (ATS). Utilizing blockchain technology, tZERO enables both digital securities and… Read More

May 1, 2024 @ 10:15 am By JD Alois  |  

Anchorage Digital Bank will be providing a custody solution for Arca Labs regarding digital securities or tokenized T-Bills. Arca launched a digitized US Treasury fund and is the first firm to be registered under the 40 Act to issue tokenized T-bills, which are called “ArCoin.”… Read More

May 1, 2024 @ 8:00 am By JD Alois  |  

Community Round Ventures says it will create a “naughty list” for firms that raised money using Reg CF (Regulation Crowdfunding) that have not filed their mandated Form C-AR [Annual Report]. Form C-AR is mandated for issuers that use the Reg CF securities exemption. The annual… Read More

April 30, 2024 @ 11:50 pm By JD Alois  |  

Specialty lender Capify has received a $125 million credit facility from Pollen Street Capital. Capify is an online lender that offers financing solutions to SMEs seeking working capital. Originally started in the US, the company also serves the SME market in the UK and Australia…. Read More

April 30, 2024 @ 8:16 pm By JD Alois  |  

LendingClub (NYSE:LC) reported Q1 earnings today, surpassing analyst expectations. According to the digital bank, net revenue during the quarter was $180.7 million, compared to $185.6 million in the prior quarter. While this was higher than Q4, it was far below Q1 of 2023 when the… Read More

April 30, 2024 @ 3:46 pm By JD Alois  |  

Roger Ver, aka Bitcoin Jesus, has been charged with tax fraud. According to a statement by the US Department of Justice, Ver was arrested this weekend in Spain. He has been charged with mail fraud, tax evasion and filing false tax returns. Ver had acquired… Read More

April 30, 2024 @ 3:39 pm By JD Alois  |  

Binance founder and former CEO Changpeng Zhao (CZ) was sentenced to four months in prison last November after pleading guilty. Zhao was also required to pay a $50 million penalty. According to WSJ.com, Zhao told the court he was sorry for his behavior and regretted… Read More

April 30, 2024 @ 2:04 pm By JD Alois  |  

Blend Labs (NYSE:BLND), a cloud banking platform, has raised $150 million in financing from PE firm Haveli. As part of the deal, Brian Sheth, Haveli’s CIO, will join Blend’s board of directors. The funding comes in a Series A convertible with a 0% coupon. The… Read More

April 30, 2024 @ 11:40 am By JD Alois  |  

Earlier this month, Equitise, a securities crowdfunding platform operating in New Zealand and Australia, received an “infringement notice” from the New Zealand Financial Markets Authority (FMA). According to the FMA, Equitise had failed to file its financial statements prior to the deadline, among other concerns about… Read More