August 14, 2023 @ 9:21 am By JD Alois  |  

PayPal (NASDAQ:PYPL) has named Alex Chriss as its new Chief Executive Officer following an extended search to replace Dan Schulman. This is according to a report by CNBC. Chriss is currently GM of the Small Business & Self-Employed Group for Intuit which also includes MailChimp…. Read More

August 13, 2023 @ 10:09 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) revealed an enforcement action against Coinbase (NASDAQ:COIN) back in June. Among other allegations, the SEC claims that Coinbase is operating as an unregistered securities exchange. The SEC targeted Coinbase even though it had clearly approved the firm to become… Read More

August 12, 2023 @ 12:01 pm By JD Alois  |  

This week the Securities and Exchange Commission (SEC) announced a settlement in its enforcement action against Bittrex as well as a foreign affiliate. Bittrex agreed to a total penalty of $24 million. As part of the settlement, Bittrex neither admitted nor denied the SEC’s allegations,… Read More

August 11, 2023 @ 3:56 pm By JD Alois  |  

Reports are indicating that Sam Bankman-Fried, the founder and former CEO of failed crypto exchange FTX, is back in jail as Judge Lewis Kaplan has revoked his bail. Bankman-Fried has been out on bail almost since his arrest. Apparently, the prosecutors involved in the case… Read More

August 11, 2023 @ 3:07 pm By JD Alois  |  

Top UK-based digital bank, Starling Bank, is looking to expand its footprint beyond the borders of the UK, according to a report. Starling is preparing to launch operations in Asia, but apparently not with its own brand but by partnering with an Asian bank that… Read More

August 11, 2023 @ 11:37 am By JD Alois  |  

One of the largest securities crowdfunding operators in the world, Seedrs, says investors today are just as interested in backing firms that align with their beliefs as seeking big returns. Seedrs is based in London but operates across Europe. It is a subsidiary of US-based… Read More

August 11, 2023 @ 10:37 am By JD Alois  |  

Private equity deals have declined by 36% during the month of July when compared to the same month last year. This is according to S&P Global Market Intelligence which reports 828 private equity deals in July 2023 versus 1290 deals July 2022. The global economy… Read More

August 11, 2023 @ 9:46 am By JD Alois  |  

ASIC (Australia Securities and Investments Commission) has filed suit against Active Super (LGSS Pty Limited), alleging “misleading conduct and misrepresentations to the market relating to claims it was an ethical and responsible superannuation fund.” According to ASIC, Active Super claimed to invest in assets that… Read More

August 10, 2023 @ 9:26 pm By JD Alois  |  

The US Federal Reserve has announced the creation of the Novel Activities Supervision Program that will be “risk-focused” and in addition to current regulatory processes. The Fed said the Program will focus on “crypto-assets, distributed ledger technology (DLT), and complex, technology-driven partnerships with nonbanks to… Read More

August 10, 2023 @ 9:15 pm By JD Alois  |  

Bittrex has settled with the Securities and Exchange Commission (SEC) regarding charges that it operated an unregistered securities exchange. Bittrex’s foreign operation, Bittrex Global GmbH has also agreed to settle similar charges. Bittrex has agreed to pay a total penalty of $24 million. As part… Read More

August 10, 2023 @ 6:03 pm By JD Alois  |  

As the crypto-sphere knows, last month Ripple/XRP received a partial victory against the Securities and Exchange Commission (SEC) in a court decision that determined that people who bought XRP could not reasonably expect Ripple to act to increase the price of XRP and the sales… Read More

August 10, 2023 @ 2:28 pm By JD Alois  |  

Revolut, a neobank super-app that also holds a banking license in Lithuania, says Latin America is a key region for its growth going forward.  Revolut launched operations in Brazil, the largest country in Latin America, this past May. Latin America has experienced dramatic Fintech growth… Read More

August 10, 2023 @ 2:06 pm By JD Alois  |  

Pre-fab home firm Boxable is looking to raise more money online on StartEngine. As was previously reported in May, Boxable revealed its intent to raise capital by raising money in a Reg A+ and Reg D offering as well as a pitch on FrontFundr in… Read More

August 10, 2023 @ 1:15 pm By JD Alois  |  

This past March, Tron, BitTorrent, Rainberry, and founder Justin Sun were the target of enforcement action by the Securities and Exchange Commission (SEC) alleging the offer and sale of unregistered “crypto-asset securities,” including Tronix (TRX) and BitTorrent (BTT). Several “celebrity” promotions were entwined in the… Read More

August 10, 2023 @ 10:58 am By JD Alois  |  

There has been a lot of discussion about the US Dollar remaining the top reserve currency around the world. Having the dollar be the big dog in the realm of fiat brings a lot of benefits to the US and must be a leading policy… Read More

August 10, 2023 @ 9:18 am By JD Alois  |  

The New York Federal Reserve posted its quarterly report covering household debt earlier this week. The report noted that outstanding credit card debt now tops $1 trillion. In total, household debt surpassed $17.05 trillion – the highest amount on record. The authors of the report… Read More

August 10, 2023 @ 8:54 am By JD Alois  |  

The Government of Ireland has submitted its own consultation on possible regulation of digital assets or crypto. The European Union has approved crypto asset regulation under MiCA. Ireland, part of the EU, is flexing its prerogative to present its own consultation on possible regulation or… Read More

August 9, 2023 @ 5:12 pm By JD Alois  |  

StartEngine, one of the largest securities crowdfunding platforms in the US, says the first secondary transaction has taken place on its marketplace. StartEngine said in an email: “Since launching Marketplace a little over three weeks ago, we’ve received a little over 300 offers to buy… Read More

August 9, 2023 @ 11:40 am By JD Alois  |  

Num Finance and TruBit have announced a partnership where Num’s “nARS” stablecoin, pegged to the Argentine Peso, will trade on the exchange. Num states that the listing on TruBit is part of a broader strategy to offer a wider range of tools for its users…. Read More

August 9, 2023 @ 9:35 am By JD Alois  |  

Twino, an online investment platform based in Latvia, has announced the launch of short-term rental investment assets. Twino is licensed and supervised by the Bank of Latvia. The company is best known for its European peer-to-peer lending services. The company has been in business since… Read More