November 20, 2023 @ 9:03 am By JD Alois  |  

Bullish has acquired CoinDesk in an all-cash deal. Terms of the purchase were not immediately available. CoinDesk had been controlled by Digital Currency Group, operators of multiple digital asset firms including Grayscale. The current management of CoinDesk is expected to remain in place.  Bullish is… Read More

November 17, 2023 @ 11:37 am By JD Alois  |  

Avalanche has been on a roll in recent days. An announcement that JP Morgan was working on a pilot with Avalanche to investigate the tokenization of assets saw the price of Avalanche (AVAX) to rocket higher. Avalanche is a high-performance blockchain that aims to be… Read More

November 17, 2023 @ 11:36 am By JD Alois  |  

The Securities and Exchange Commission, Small Business Capital Formation Advisory Committee (SBCFAC), has scheduled a meeting for the end of this month on November 20, 2023. The meeting will begin at 10:00 ET and will be open to the public via a live stream on… Read More

November 17, 2023 @ 9:56 am By JD Alois  |  

Distributed ledger technology, or blockchain, received some good news regarding its utility in establishment finance. Speaking at the annual Singapore Fintech Festival, Umar Farooq, JP Morgan’s (NYSE:JPM) Global Head of Financial Institution Payments, said that JPM Coin is now doing approximately $1 billion daily in… Read More

November 16, 2023 @ 12:15 pm By JD Alois  |  

Last week, the Consumer Financial Protection Bureau (CFPB) proposed rules to regulate Big Tech and their Fintech services. The CFPB is targeting firms like Facebook, Google, Amazon, Apple, and others. According to the statement issued by the CFPB, the agency seeks to regulated digital wallets… Read More

November 16, 2023 @ 11:35 am By JD Alois  |  

CoinShares (Nasdaq Stockholm: CS; US OTCQX: CNSRF) has announced an option to acquire Valkyrie Funds. CoinShares did not provide details beyond the option, which is scheduled to expire on March 31, 2024. Valkryie is a firm that aims to offer a Bitcoin ETF – if… Read More

November 16, 2023 @ 9:58 am By JD Alois  |  

CI previously reported on Apple (NASDAQ:AAPL) leveraging the UK Open Banking ecosystem to connect bank accounts with their popular digital wallet. Today, Apple is officially announcing the service that aims to provide users access to financial information more conveniently. The UK has led the global… Read More

November 16, 2023 @ 9:35 am By JD Alois  |  

Anchorage Digital, a federally chartered digital asset bank, has added a Registered Investment Advisor (RIA) service to its portfolio of offerings. Anchorage focuses on the institutional market. RIAs are registered entities that can provide recommendations on investments and are required to act on behalf of… Read More

November 15, 2023 @ 11:58 pm By JD Alois  |  

Credit cards are a convenient type of lending provided by banks. Users have access to credit on demand – but there is a cost. Typically, rates are very high; some cards come with annual fees and other charges. Elfin Card is a UK-based company that… Read More

November 15, 2023 @ 2:04 pm By JD Alois  |  

Blockchain.com, the platform that claims to be the only crypto wallet you will ever need, has raised $110 million in Series E funding. The company did not provide terms of the deal nor valuation. The funding was led by Kingsway Capital, with investors Baillie Gifford,… Read More

November 15, 2023 @ 12:34 pm By JD Alois  |  

If there is any doubt, another report is highlighting the moribund venture capital markets. S&P Global Market Intelligence is reporting that VC funding rounds are at a four-year low, having cratered by 27% year over year in October at $18.49 billion and deal volume dropping… Read More

November 15, 2023 @ 12:04 pm By JD Alois  |  

Latin American Fintech EBANX has announced several new products for its payments platform. The company is based in Brazil but is now offering services in multiple Latam countries as well as the Caribbean, Africa, and India. The new features include: Machine learning-based anti-fraud functionality. Pay-in,… Read More

November 15, 2023 @ 11:43 am By JD Alois  |  

Tokeny has announced a partnership with Artsgain, thus enabling a new entry into the fine arts sector that leverages blockchain technology. Artsgain is based in Barcelona and is a manager of funds and collective investment companies that co-invest in groupings of works of art, antiques,… Read More

November 15, 2023 @ 10:21 am By JD Alois  |  

Following an investment from Blackstone, Redpin has announced the launch of a payments service for the global property market. Redpin is the owner of global digital international payment services to private clients and SMEs Currencies Direct and TorFX. Redpin says it aims to provide embedded… Read More

November 15, 2023 @ 10:00 am By JD Alois  |  

Digital asset trading and lending firm VersiFi has announced a $10 million Series A funding round led by Hunting Hill Global Capital. Versify provides a “plug-and-trade platform” for trading, borrowing, lending, and custody services from third-party partners. The company said the money will help them… Read More

November 14, 2023 @ 7:30 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has published a report on enforcement actions during fiscal year 2023. In total, the agency pursued 784 enforcement actions, including administrative proceedings, which compares to 760 enforcement actions during fiscal year 2022. The SEC issued the following statement on… Read More

November 14, 2023 @ 12:19 pm By JD Alois  |  

Recently, Seedrs announced that as it expands services further into Europe, it has established a European HQ in Dublin, Ireland. Seedrs, when combined with parent company Republic, is the largest investment crowdfunding marketplace in the world. Seedrs states on its website that it has enabled… Read More

November 14, 2023 @ 10:55 am By JD Alois  |  

The National Bank of Georgia has issued a digital banking license to Hash Bank, according to a statement posted on a government website. The Bank said that by developing a digital bank model, it will promote innovative business models and a “convenient, fast, and affordable… Read More

November 14, 2023 @ 10:30 am By JD Alois  |  

Seedrs, part of Republic, has distributed an update that shares information on the recently announced exit opportunity for a company that raised money on the investment crowdfunding platform. Over time, Seedrs will be judged not just on its ability to enable online capital formation for… Read More

November 13, 2023 @ 7:01 pm By JD Alois  |  

British Business Investments has posted full-year results for the period ending 31 March 2023.  In its ninth year of operation, British Business Investments reports aggregate commitments that now exceed £3.8 billion. The government-sponsored firm aims to improve access to alternative finance for smaller UK businesses…. Read More