February 28, 2023 @ 9:18 am By JD Alois  |  

TransferGo says it has emerged as one of the top platforms enabling remittances and transfers to Ukraine. TransferGo is a Fintech that is regulated by the Bank of Lithuania. The company states that the largest amount of funds going into Ukraine is from Poland and… Read More

February 28, 2023 @ 8:45 am By JD Alois  |  

In a speech on regulations and international competition, Victoria Saporta, Executive Director of Prudential Policy, commented on PRA’s new secondary objective – enabling international competitiveness and growth. PRA, or the Prudential Regulation Authority, is part of the Bank of England and oversees 1500 banks and… Read More

February 27, 2023 @ 10:53 pm By JD Alois  |  

Robinhood (NASDAQ:HOOD) received a subpoena from the Securities and Exchange Commission (SEC) this past December, according to the firm’s 10-K that was filed today. According to the document, the SEC’s request arrived following the collapse of FTX: “And in December 2022, shortly after FTX filed for… Read More

February 27, 2023 @ 4:42 pm By JD Alois  |  

Kiavi, an online mortgage lender, has securitized $209 million in real estate loans, according to a company statement. This is the 12th securitiztion that Kiavi has completed and the second securitization this month. In total, Kiavi reports that  the company’s total issuance in notes now… Read More

February 27, 2023 @ 3:41 pm By JD Alois  |  

AngelList continues to build out its ecosystem. Originally, AngelList started as a path for private firms to raise capital online from qualified investors. Over time, more features and functionality have been added, driving more value and making the platform stickier for its customers. Not too… Read More

February 27, 2023 @ 12:28 pm By JD Alois  |  

Coinbase (NASDAQ:COIN) has announced via Twitter that it will cease trading in Binance USD (BUSD) on March 13, 2023. We regularly monitor the assets on our exchange to ensure they meet our listing standards. Based on our most recent reviews, Coinbase will suspend trading for Binance… Read More

February 27, 2023 @ 12:02 pm By JD Alois  |  

Trade finance platform Marco says it has raised $200 million in a line of credit from MidCap Financial and Castlelake.  At the same time, Marco says it has raised $8.2 million in equity from Arcadia Funds. Marco states that the capital will help it to… Read More

February 27, 2023 @ 11:10 am By JD Alois  |  

In recent weeks, the Securities and Exchange Commission (SEC) has stepped up its enforcement activities in regard to the digital asset ecosystem. In the past, SEC Chairman Gary Gensler has asserted that all digital assets are securities, with the exception of Bitcoin. At one point,… Read More

February 27, 2023 @ 9:42 am By JD Alois  |  

Hong Kong-based Shanghai Commercial Bank (ShaComBank) has enlisted Salt Edge to help power its open banking services, including PSD2 options, according to a blog post. ShaComBank currently has more than 50 branches in both Hong Kong and mainland China, as well as the United States… Read More

February 27, 2023 @ 8:00 am By JD Alois  |  

LendingTree (NASDAQ: TREE) has announced its own bespoke card in partnership with Fintech Upgrade. LendingTree is best known for providing consumers with comparative information on loans and other financial recommendations. According to a company release, the “LendingTree Win Card” is the company’s first push into… Read More

February 26, 2023 @ 10:11 pm By JD Alois  |  

Republic’s Realm Metaverse Real Estate Offering has returned all investor funds according to the offering page. Republic is one of the largest securities crowdfunding platforms in the US that also operates a growing global presence providing online capital formation. The possible securities offering was for… Read More

February 26, 2023 @ 9:34 pm By JD Alois  |  

The Financial Action Task Force or FATF, the global AML/CFT group, has announced the outcomes of its most recent plenary. Included in the announcement are several items of note. Filed under “improving implementation of FATF requirements for virtual assets and virtual asset service providers,” the… Read More

February 25, 2023 @ 6:50 pm By JD Alois  |  

In a blog post, the International Monetary Fund (IMF) says that the technology backing crypto – IE blockchain or distributed ledger technology (DLT) can be used for good. While describing crypto as being more of a disappointment than a revolution, the IMF goes on to… Read More

February 25, 2023 @ 11:12 am By JD Alois  |  

The Small Business & Entrepreneurship Council (SBE Council) has announced the launch of an initiative with other organizations that will focus on sharing information about the convergence of Web3 technologies. The Metaverse Business Alliance is described as a partnership focusing on the growing use of… Read More

February 24, 2023 @ 7:32 pm By JD Alois  |  

Congressman Patrick McHenry, the Chairman of the House Financial Services Committee, has introduced the Data Privacy Act of 2023.  This bill aims to update financial data privacy laws, providing consumers with more control over how their personal information is collected and used. The movement to… Read More

February 24, 2023 @ 3:32 pm By JD Alois  |  

EuroCrowd is ten years old. Originally called the European Crowdfunding Network, the association has long been an important voice advocating on behalf of online capital formation and a key proponent in the fight to enact pan-European crowdfunding rules. A recent email distributed by EuroCrowd noted… Read More

February 24, 2023 @ 12:33 pm By JD Alois  |  

DZ Bank, a Bafin-regulated financial institution, has chosen Metaco to power its digital asset custody solution. DZ Bank is the central institution of the Volksbanken Raiffeisenbanken cooperative financial network. As a central institution, DZ Bank provides various services, particularly asset management services, being one of… Read More

February 24, 2023 @ 11:55 am By JD Alois  |  

SaveLend Group has received a license to operate as an investment crowdfunding provider following the approval of the Swedish Financial Supervisory Authority SBL Finans AB (publ), a subsidiary of SaveLend Group AB, will now be able to passport its services throughout Europe. In 2021, the… Read More

February 23, 2023 @ 4:53 pm By JD Alois  |  

The Chairman of the House Financial Services Committee, Patrick McHenry, and the Chairman of the Subcommittee on Oversight and Investigations, Bill Huizenga, along with Senator Tim Scott, the ranking member on the Senate Banking Committee, have joined in sending a letter to SEC Chairman Gary… Read More

February 23, 2023 @ 12:18 pm By JD Alois  |  

The Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC), have joined once again in issuing a warning on crypto. Last month, the three federal entities issued a statement cautioning banks… Read More