October 19, 2023 @ 9:45 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has dismissed the charges, with prejudice against Ripple principles Brad Garlinghouse and Chris Larsen. This is according to an X (Tweet) distributed by lawyer James Filan and reposted by Stuart Alderoty, Chief Legal Officer at Ripple. Alderoty stated: “The… Read More

October 19, 2023 @ 7:20 pm By JD Alois  |  

Painterland Sisters, a startup founded by female entrepreneurs, has topped $500,000 in a securities offer on Wefunder. According to the offering page, Painterland has raised almost $520,000 to date from more than 250 investors. The securities being sold to investors is a SAFE with a… Read More

October 19, 2023 @ 3:04 pm By JD Alois  |  

Trulioo has been selected by JP Morgan (NYSE:JPM) to provide identity verification for payments globally. This is for both individual and business validation. Trulioo did not shed light on the agreement but working with JPM is quite a validation of their services and the contract… Read More

October 19, 2023 @ 11:57 am By JD Alois  |  

iink has raised $12.0 million in Series A financing, according to a  company statement. Investors included Motley Fool Ventures, Chartline Capital Partners, Silver Circle Ventures, and several of iinks’ existing investors. iink is a digital payments network that “expedites the disbursement of funds associated with… Read More

October 19, 2023 @ 11:45 am By JD Alois  |  

The House Financial Services Committee has added several new hearings to the October calendar. As was previously reported, the Committed has already scheduled several hearings, even while the House is missing a Speaker, and the Committee Chair, Patrick McHenry, may end up as Speaker Pro-Tem…. Read More

October 19, 2023 @ 9:08 am By JD Alois  |  

Coinbase (NASDAQ:COIN), the second largest crypto exchange in the world, has announced a new office in Dublin, Ireland as its European Union headquarters. The EU has approved digital asset regulations under the MiCA law or Markets in Crypto Assets. The new regulations are being implemented… Read More

October 18, 2023 @ 7:57 pm By JD Alois  |  

Elon Musk and Mark Cuban have joined with Phillip Goldstein, Nelson Obus, Manouch Moshwayedi, and the Investor Choice Advocates Network (ICAN) in filing an Amicus brief in regard to a Securities and Exchange Commission (SEC) court case. The case has to do with Patriot28 and… Read More

October 18, 2023 @ 3:26 pm By JD Alois  |  

Real estate platform Pacaso provided a brief update earlier this month, reporting on three years of operations. According to the platform, it has now enabled over 1,500 owners who have spent 90,000 nights in the homes at forty different destinations. The company says that second… Read More

October 18, 2023 @ 2:40 pm By JD Alois  |  

Banco de Credito (BCP) in Peru has selected i2c for its digital banking services, according to a company statement. BCP is supported by Credicorp Ltd. (NYSE: BAP), the primary financial holding company in Peru. The bank has a presence in Chile, Colombia and Bolivia. i2c… Read More

October 18, 2023 @ 2:17 pm By JD Alois  |  

Varo Bank, the first neobank to become a federally chartered digital bank, has announced a new peer-to-peer transfers and payments service Varo to Anyone. The service is similar to Zelle, which remains available on the bank’s platform. Varo to Anyone is available free of any… Read More

October 18, 2023 @ 1:05 pm By JD Alois  |  

Uplinq Financial Technologies is partnering with EY Canada to provide “fair and ethical credit” to SMEs via its credit decisioning platform. Mario Schlener, Partner and EY’s Lead Risk Consulting for Canada and Global FS Risk Technology, Alliance, Innovation, said the partnership with provide small business… Read More

October 18, 2023 @ 10:59 am By JD Alois  |  

While a decision is not yet final, the European Central Bank (ECB) has entered the “preparation phase” to issue a digital Euro. The ECB has been ruminating on the pros and cons of a central bank digital currency (CBDC) for some time now. This most… Read More

October 18, 2023 @ 10:21 am By JD Alois  |  

The UK Consumer Prices Index (CPI) rose by 6.7% in the 12 months to September 2023, the same rate as in August, according to the UK Office for National Statistics. The CPI rose by 0.5% in September 2023, the same rate as in September 2022…. Read More

October 18, 2023 @ 9:00 am By JD Alois  |  

Marqeta (NASDAQ: MQ) and Motive have announced a new partnership. Motive provides a service that aims to support operational efficiencies in fleet management and also seeks to reduce fraud while providing discounts at partner locations. The company reports having issued approximately 35,000 cards since launching… Read More

October 18, 2023 @ 8:42 am By JD Alois  |  

Globacap has announced raising $21 million in Series B funding backed by Cboe. Other investors include Moore Strategic Ventures, LLC, the Johannesburg Stock Exchange (JSE), as well as GABI Ventures and QBN Capital.  Globacap is another entrant in the private securities market, seeking to consolidate… Read More

October 17, 2023 @ 9:48 pm By JD Alois  |  

The House Financial Services Committee has announced several upcoming hearings on various issues. On Tuesday, October 24, the Capital Markets Subcommittee will hold a hearing entitled: “Examining the SEC’s Agenda: Unintended Consequences for U.S. Capital Markets and Investors.” The same day, the Financial Institutions &… Read More

October 17, 2023 @ 5:02 pm By JD Alois  |  

Figure has completed $16 billion in blockchain native lending transactions since 2018. The data point was shared by founder Mike Cagney, who was responding to a LinkedIn post that said the world is five years away from broad-based utilization of tokenization having any volume or… Read More

October 17, 2023 @ 3:32 pm By JD Alois  |  

Hiive, a secondary market for private securities, has raised venture funding, setting a post-money valuation of $77 million on the Canadian startup. The company reportedly raised USD $4.2 million in a SAFE. Hiive was founded in 2021. Hive stated: “We are pleased to announce that… Read More

October 17, 2023 @ 11:53 am By JD Alois  |  

MiCA, or markets in crypto assets regulation, was approved by the European Union earlier this year. The aim is to provide regulatory clarity for digital assets in the EU. Today, the European Markets and Securities Authority (ESMA) has issued a statement cautioning crypto investors that… Read More

October 17, 2023 @ 10:47 am By JD Alois  |  

Seedrs, part of Republic, is offering investors access to a fund managed by G-Force. The green fund aims to provide investors the opportunity to support firms that are seeking to address the climate. G-Force is managed by partners Marian Gazdik, the former MD of Europe,… Read More