February 20, 2023 @ 10:25 am By JD Alois  |  

FinTech Alliance has announced a partnership with Seedrs, a leading securities crowdfunding platform. FinTech Alliance is a community backed by the UK government that operates in partnership with the UK Department for International Trade. By working within the UK Fintech ecosystem, the entity aims to… Read More

February 20, 2023 @ 10:09 am By JD Alois  |  

Fireblocks, a digital asset custody platform, is slashing its headcount by 5%, according to a report. Fireblocks joins a growing list of Fintechs that have looked to cut costs in a challenging macroeconomic environment. Fireblocks is a young provider in the digital asset sector that… Read More

February 19, 2023 @ 10:36 pm By JD Alois  |  

AKRU, a real estate investment platform, recently distributed an update on its platform. AKRU offers fractionalized investments in commercial real estate. Via tokenization, investors may purchase real estate-backed securities for as little as $1000. There is also a secondary trading marketplace for liquidity if you… Read More

February 19, 2023 @ 7:59 pm By JD Alois  |  

OCR Labs, an identity verification platform founded in Australia, has become a Gold Partner in FinTech Australia’s corporate partnership program, according to an email from FinTech Australia. OCR will join more than 37 members already involved in the program, including Google, Oracle, Mastercard, American Express,… Read More

February 19, 2023 @ 7:35 pm By JD Alois  |  

As the world knows, most central banks in the developed world are investigating the benefits and risks of issuing digital currency. While the bulk of transactions is already handled electronically today, the thesis is that by incorporating new technology, a digital currency – or digital… Read More

February 19, 2023 @ 6:02 pm By JD Alois  |  

The California Department of Financial Protection and Innovation (DFPI) now offers a “crypto scam tracker” that aims to help pinpoint bogus crypto offerings and scams. Announced last week, the tracker currently lists 36 individual scams. According to the DFPI, the scams are identified from complaints… Read More

February 18, 2023 @ 4:19 pm By JD Alois  |  

Payoneer (NASDAQ: PAYO), a payments Fintech, has been approved to provide services under the UKs Electronic Money License. Payoneer is a  global platform that currently provides services for millions of SMEs, particularly in emerging markets, to pay and get paid, manage their funds, and more…. Read More

February 18, 2023 @ 12:40 pm By JD Alois  |  

Paul Anthony Pierce, a former NBA pro and sports analyst, has agreed to settle with the Securities and Exchange Commission for promoting EMAX tokens on social media. As was previously reported, the same digital asset embroiled influencer Kim Kardashian who had to cough up a… Read More

February 17, 2023 @ 10:46 am By JD Alois  |  

Cushon, a Seedrs portfolio company, was acquired by Natwest Group – announced this past week. NatWest is acquiring an 85% majority shareholding in Cushon with the company’s existing management retaining the remaining 15%. Cushon’s main products are a workplace ISA and a master trust pension…. Read More

February 17, 2023 @ 10:19 am By JD Alois  |  

Last spring, HM Treasury, the Competition and Markets Authority (CMA), the Financial Conduct Authority (FCA), and the Payment Systems Regulator (PSR) collaborated to create the Joint Regulatory Oversight Committee as part of the UK Government’s commitment to boost open banking. This committee convened the Strategic… Read More

February 17, 2023 @ 9:37 am By JD Alois  |  

The Federal Reserve Bank of New York’s Center for Microeconomic Data has published its quarterly report on consumer credit and debit, delivering disconcerting news. According to the Fed report, credit card balances increased $61 billion in the fourth quarter to $986 billion, topping the pre-pandemic… Read More

February 16, 2023 @ 5:29 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) is continuing its crypto crackdown filing charges againstTerraform Labs PTE Ltd and founder Do Hyeong Kwon. The firm is based in Singapore but the Commission has not been shy about pursuing crypto scofflaws anywhere in the world. Kwon was… Read More

February 16, 2023 @ 3:03 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has charged Vista Network Technologies and its CEO, Armen Temurian, with “fraudulent solicitation and misappropriation of customers’ digital asset commodities.” The CFTC claims that the defendants scammed over $7 million in Bitcoin and Ether from erstwhile customers. The CFTC described… Read More

February 16, 2023 @ 2:08 pm By JD Alois  |  

Wefunder, the top US platform for firms raising capital using Reg CF, has kicked off its European expansion with 12 securities offerings. As was reported last month, Wefunder was approved Wefunder was approved in the Netherlands to issue Securites under the new EU rules. ECSPRECSPR or European… Read More

February 16, 2023 @ 10:07 am By JD Alois  |  

This past week, the Senate Banking Committee held a hearing to discuss the topic of digital assets.  As should be abundantly clear by now, support, or lack of support, is now largely falling along party lines. Both sides desire consumer protection and understand the need… Read More

February 16, 2023 @ 8:30 am By JD Alois  |  

Regtech Clausematch has established a new office in Lisbon, Portugal – its third location worldwide. The Portugal operation will be used for engineering and product development. CEO and founder Evgeny Likhoded said the expansion is part of his strategy to position Clausematch as the worlds… Read More

February 16, 2023 @ 7:11 am By JD Alois  |  

Reports continue to filter out regarding the tepid market for private transactions. A recent report indicates that private equity and venture capital investments cratered in the UK by a whopping 61% in 2022. According to S&P Global Markets, aggregate transactions in the UK topped $72… Read More

February 15, 2023 @ 11:29 am By JD Alois  |  

The OurCrowd Global Investor Summit opened with Israeli President Isaac Herzog addressing the crowd at an event that claimed around 9000 registrations – the largest ever for OurCrowd. Attendees included over 1700 individual investors, 1000+ multi-national corporations, 630+ venture capitalists, and hundreds of members of… Read More

February 15, 2023 @ 4:20 am By JD Alois  |  

Earlier today the UK government announced its monthly inflation data which indicated the Consumer Prices Index (CPI) rose by 10.1% in the 12 months to January 2023, down from 10.5% in December 2022 – a slight improvement. On a monthly basis, CPI fell by 0.6% in… Read More

February 14, 2023 @ 3:38 pm By JD Alois  |  

  This week, top global investment marketplace OurCrowd is holding its Global Investor Summit in Israel. The event is the largest of its kind as investors and entrepreneurs from around the world to convene to discuss opportunities in innovative private firms. For the first time,… Read More