July 13, 2023 @ 3:37 pm By JD Alois  |  

Ripple scored a victory today as the courts have now ruled that the sale of XRP on crypto exchanges did not violate US securities law in a partial win for the digital asset firm. The ruling helped to drive the value of XRP higher –… Read More

July 13, 2023 @ 12:27 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed charges against Celsius Network and its founder and former CEO, Alex Mashinsky. At the same time, the US Department of Justice has filed criminal charges against Celsius, Mashinsky and former Chief Revenue Officer Roni Cohen-Pavon. The SEC… Read More

July 13, 2023 @ 12:07 pm By JD Alois  |  

Alex Mashinsky Arrested Today. The founder and former CEO of Celsius Network, Alex Mashinsky, and the former Chief Revenue Officer of Celsius, Roni Cohen-Pavon have been charged by the US Department of Justice with defrauding customers and manipulating the market for the Celsius token. Celsius… Read More

July 13, 2023 @ 11:09 am By JD Alois  |  

Jeremy Allaire, CEO of Circle – the issuer of several stablecoins, including dollar-based USDC, has issued a public declaration demanding the US take the lead in regards to stablecoin regulation. The statement via Twitter by Allaire follows the announcement that two US Senators have revamped… Read More

July 13, 2023 @ 10:39 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed additional charges in regard to the Frank case and its sale to JP Morgan for $175 million in 2021. According to a statement by the SEC, former Chief Growth Officer of Frank, Olivier Amar, has been charged… Read More

July 13, 2023 @ 10:10 am By JD Alois  |  

Apple (NASDAQ:AAPL) has expanded its Tap to Pay service by offering the product in the UK.  The first two platforms offering the service are Revolut and Tyl by NatWest. Revolut is a top Fintech providing banking services in the UK and around the world. Tyl is… Read More

July 12, 2023 @ 11:14 pm By JD Alois  |  

EstateGuru, an established online marketplace for secured loans, has been approved to operate across the European Union under ECSPR or European Crowdfunding Securities Provider Regulation. EstateGuru will join a handful of other online marketplaces to issue securities and raise capital online in the EU. As… Read More

July 12, 2023 @ 6:23 pm By JD Alois  |  

Earlier today, Senator Cynthia Lummis and Senator Kirsten Gillibrand reintroduced comprehensive legislation aiming to provide updated rules to enable crypto asset innovation while ensuring consumer protection. In 2022, the two Senators released draft legislation that was described as a major step forward for the digital asset… Read More

July 12, 2023 @ 1:11 pm By JD Alois  |  

Seedrs, part of the largest securities crowdfunding group globally, has announced a new mobile App that facilitates online investing. According to an email, the new App is available on both the Apple App Store as well as Google Play. The Seedrs Mobile Apple leverages either… Read More

July 12, 2023 @ 12:55 pm By JD Alois  |  

The Chief Executive of the UK Financial Conduct Authority (FCA), Nikhil Rathi, addressed in a speech the emergence of Artificial Intelligence (AI) and the role of Big Tech in financial services. The speech was delivered today at the Economist Impact Finance Transformed event. Rathi said… Read More

July 12, 2023 @ 12:18 pm By JD Alois  |  

RideTandem has raised £2.3 million in a funding round led by Blackfinch Ventures, according to a statement issued by the firm. At the same time, Seedrs has listed the securities offering on their platform, enabling smaller investors access to participate in the offering. RideTandem has… Read More

July 12, 2023 @ 11:44 am By JD Alois  |  

Senators Cynthia Lummis and Kirsten Gillibrand are reintroducing their comprehensive legislation addressing regulatory gaps in the digital asset sector. Both Senators are members of the key Senate Banking Committee that will need to approve any legislation if it will move forward in Congress. A previous… Read More

July 12, 2023 @ 11:21 am By JD Alois  |  

Nubank (NYSE:NU) said it will expand its crypto services, Nubank Cripto, currently available to its customers in Brazil. As part of the expansion, Nubank has signed an agreement with Fireblocks, a global digital asset platform that offers a service for offering blockchain products and managing… Read More

July 12, 2023 @ 10:54 am By JD Alois  |  

PrivacyHawk has raised $2.7 million in funding in a round led by ff Venture Capital (ffVC). Other investors include Nufund, Alumni Ventures, AngelList, Gaingels, Duro Ventures, Sandhill Angels and Seraphim Ventures. Previous investors include ffVC, Tech Coast Angels, Duro Ventures and Gaingels. PrivacyHawk is a… Read More

July 12, 2023 @ 10:45 am By JD Alois  |  

The Small Business and Entrepreneurship Council (SBE Council) has issued a statement on the court’s decision to rule against the Federal Trade Commission’s (FTC) attempt to block the merger of Microsoft’s acquisition of Activision-Blizzard. In brief, the Judge, Jacqueline Scott Corley, found that the FTC… Read More

July 12, 2023 @ 10:35 am By JD Alois  |  

Equabli Inc. has raised $3.35 million of additional capital in a funding round led by Social Leverage. Other investors include BankTech Ventures and Cross River Digital Ventures. Equabli is a debt recovery service for lenders and their borrowers. Equabli’s Recovery as a Service platform provides… Read More

July 12, 2023 @ 9:50 am By JD Alois  |  

Israel has been one of the hottest tech start-up and venture markets for years. Well-known for its hyper entrepreneurial activity, Israel has still been hammered by the global economic downturn and heightened inflation. LeumiTech publishes a periodic update of funding and tech activity in Israel… Read More

July 11, 2023 @ 10:43 pm By JD Alois  |  

Birchal, the largest securities crowdfunding platform in Australia (called crowd-sourced funding in the country), has published a report following five years after online capital formation in its present form was legalized. Matt Vitale, CEO and co-founder of Birchal, states: “We’re five years in. The industry… Read More

July 11, 2023 @ 6:00 pm By JD Alois  |  

Yieldstreet, an online investment platform that provides access to private securities and alternative investments, has announced that co-founder and CEO Milind Mehere will be transitioning to a Senior Advisor position as co-founder Michael Weisz steps into the CEO role. Mehere will continue in his role… Read More

July 11, 2023 @ 4:52 pm By JD Alois  |  

The House Financial Services Committee has announced several new hearings for next week. The Capital Markets Subcommittee is holding a hearing Entitled: “Oversight of the SEC’s Division of Corporation Finance” Time: 10:00 AM ET Date: Tuesday, July 18, 2023 Place: 2128 Rayburn House Office Building… Read More