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

October 17, 2023 @ 9:36 am By JD Alois  |  

Goldman Sachs (NYSE:GS) has reported Q3 earnings that delivered strong revenues but reversed on the bottom line in comparison to Q3 2022. Goldman reported revenues of $11.82 billion and net earnings of $2.06 billion for the quarter ending in September. Earnings per share (EPS) were… Read More

October 17, 2023 @ 9:01 am By JD Alois  |  

FinanceHQ has emerged from stealth mode. The startup was launched inside Wilbur Labs in San Francisco, led by a former Betterment exec. Alex Choi is the Fintech’s CEO. Choi spent five years at Betterment, with his most recent position being Head of Strategy & Operations… Read More

October 16, 2023 @ 6:58 pm By JD Alois  |  

  The largest economy in Europe has been slow to create a sustainable regulatory environment for investment crowdfunding platforms to thrive. Under ECSPR or European Crowdfunding Service Provider Regulations, an approved platform may raise up to €5 million across the European Union. The kicker to… Read More

October 16, 2023 @ 5:19 pm By JD Alois  |  

Binance UK will stop accepting new users as of today (Monday, October 16, 2023). The announcement follows the denial of approval for a third party to provide marketing services to the UK iteration of the world’s largest crypto exchange. This month, the UK Financial Conduct… Read More

October 16, 2023 @ 4:59 pm By JD Alois  |  

BlackRock has denied reports that its Bitcoin ETF has gained approval. Expectations that the Securities and Exchange Commission (SEC) will grudgingly approve an exchange-traded product for a spot Bitcoin fund have helped to drive prices higher of BTC in recent days. Initial reports of an… Read More

October 16, 2023 @ 4:43 pm By JD Alois  |  

The Securities and Exchange Commission (SEC), Division of Examinations, has posted its 2024 examination priorities, including digital assets and Fintech items. The Division of Enforcement noted that last year, it established specialized teams within the various examination programs, including “crypto assets, financial technology [Fintech], such… Read More

October 16, 2023 @ 12:13 pm By JD Alois  |  

Conister Bank, part of Manx Financial Group  (LSE: MFX.L), has been approved for a UK deposit-accepting license. Conister Bank was already approved to hold deposits in the Isle of Man. Conister states that is the first time an Isle of Man bank has been approved… Read More

October 16, 2023 @ 12:05 pm By JD Alois  |  

FDIC insurance is foundational to the US banking system. Accounts are insured against failure by the federal government. Yet this insurance only offers  $250,000 per deposit account in coverage – an amount that has not been changed in years. With the rapid rise of inflation,… Read More

October 16, 2023 @ 10:26 am By JD Alois  |  

Apple (NASDAQ:AAPL) now allows its wallet users to schedule regular payments directly on the phone. The service has been expected for some time now and represents another step in its financial services goal of providing convenience for its users. On the iPhone, Apple explains that… Read More

October 16, 2023 @ 10:06 am By JD Alois  |  

It has been widely reported that the Securities and Exchange Commission (SEC) has decided not to appeal a decision by the courts that reflects favorably on Grayscale’s push to launch a Bitcoin ETF. Grayscale currently lists a Bitcoin Trust on OTC Markets, along with other… Read More

October 16, 2023 @ 9:22 am By JD Alois  |  

Young buy now pay later (BNPL) provider Waylog is reporting solid growth. Founded in 2022, the Sweden-based Fintech reports going from SEK 20 million to over SEK 500 million ($46 million USD). According to a statement from the lender, a new partnership with Froda is… Read More

October 15, 2023 @ 3:00 pm By JD Alois  |  

In 2020, Braid said that sharing money should not be hard while introducing its spin on peer-to-peer transfers and group expenses. This past week, Braid founder Amanda Peyton reflected on the collapse of the Fintech she founded, and it is a cautionary note for all… Read More

October 13, 2023 @ 5:44 pm By JD Alois  |  

Leading stablecoin issuer Tether will soon have a new Chief Executive Officer. Announced today, Paolo Ardoino will replace Jean-Louis van der Velde (JL) as CEO. Ardoino will take over beginning this December. van der Velde will remain CEO of the crypto exchange Bitfinex – a… Read More

October 13, 2023 @ 2:22 pm By JD Alois  |  

Congressman James Comer, Chairman of the House Committee on Oversight and Accountability, may subpoena documents from the Securities and Exchange Commission (SEC), if the Commission does not provide information regarding their social agenda, which is deemed to be beyond the purview of the securities regulator…. Read More

October 13, 2023 @ 11:10 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has fined Equifax Ltd £11,164,400 for a security breach that exposed UK consumer’s information. The FCA says the security breach is one of the largest cybersecurity breaches in history. The FCA notes that in 2017, hackers accessed the personal… Read More

October 12, 2023 @ 7:50 pm By JD Alois  |  

The roster of approved platforms under ECSPR, or European Crowdfunding Service Provider Regulations, has grown quite a bit since CI last reviewed the list of active platforms. In June of 2023, CI reported there were 30 approved platforms. Today, that number stands at 66, according… Read More