December 6, 2022 @ 9:45 am By JD Alois  |  

Jamie Dimon, CEO of JP Morgan (NYSE:JPM) – the most respected CEO on Wall Street, visited with CNBC today in an extended interview that also involved a brief discussion on crypto. In the past, Dimon has been highly critical of cryptocurrencies, recently describing crypto as… Read More

December 6, 2022 @ 9:09 am By JD Alois  |  

PropertyRise, a UK-based prime property investment platform, is reporting a record week of lending, having booked £50 million in loans. According to the company, multiple credit records were broken in October as interest in the property offerings rise. Another metric achieved during October is completing… Read More

December 6, 2022 @ 8:52 am By JD Alois  |  

Robinhood (NASDAQ:HOOD), a social investment platform that combines traditional and digital assets, has announced a new retirement offering. According to a blog post, Robinhood Retirement is available today via a waitlist that provides a 1% match minus an employer. In traditional retirement services provided via… Read More

December 5, 2022 @ 10:46 pm By JD Alois  |  

Silvergate (NYSE:SI), a west coast banking operation that has been a leader in supporting the digital asset sector, is not getting a lot of love these days. Its relationships with previously high-flying crypto platforms have come back to haunt the bank. Silvergate started 2022 with… Read More

December 5, 2022 @ 2:49 pm By JD Alois  |  

The failure of FTX and the allegations of fraud pointed at founder and former CEO Sam Bankman-Fried continue to garner much coverage in both traditional media as well as more modern digital news providers. The speed of the collapse, and the amount of funds involved… Read More

December 5, 2022 @ 9:36 am By JD Alois  |  

Circle, the issuer of dollar-based stablecoin USDC, has terminated the SPAC deal, which would take the company public, according to a release. The SPAC was initially expected to close this month (December). According to the statement, the two parties – Circle and Concord Acquisition Corp… Read More

December 5, 2022 @ 9:24 am By JD Alois  |  

Shojin, a UK-based, FCA-regulated real estate investment platform, is out with a note indicating investors are seeking out alternative assets as a method to mitigate a floundering economy. Shojin states that a recent survey of UK investors shows risk mitigation is at the top of… Read More

December 5, 2022 @ 9:10 am By JD Alois  |  

SEBA Bank and HashKey Group have formed a partnership that aims to boost digital asset adoption in Switzerland and Hong Kong. According to a corporate statement, a Memorandum of Understanding (MOU) has been signed between the two firms. The agreement is for HashKey to become… Read More

December 4, 2022 @ 5:24 pm By JD Alois  |  

Last week, the Senate Agriculture Committee, which has oversight of commodities markets, held a hearing on the collapse of FTX, once an inside-the-beltway darling, today a virtual pariah as policymakers rush to react to the bankruptcy of the crypto exchange. Before the crypto exchange went bust,… Read More

December 4, 2022 @ 4:33 pm By JD Alois  |  

Sam Bankman-Fried, the former CEO of bankrupt crypto exchange FTX, has agreed to testify in front of the House Committee on Financial Services contingent upon what happens from now until December 13th – the day the hearing is scheduled. As was previously reported, the Chair… Read More

December 3, 2022 @ 5:29 pm By JD Alois  |  

Representative Maxine Waters, the Chair of the House Committee on Financial Services, has Tweeted asking Sam Bankman-Fried, former CEO and founder of FTX, to testify in front of her Committee this month. Bankman-Fried has been making the PR rounds in the wake of the collapse… Read More

December 2, 2022 @ 4:44 pm By JD Alois  |  

SIM Swap perpetrator Nicholas Truglia has been sentenced to 18 months in prison and ordered to pay $20,379,007 in restitution to the victim of his cryptocurrency theft. Truglia is required to repay the victim within 60 days. Truglia was sentenced yesterday by US District Judge… Read More

December 2, 2022 @ 3:40 pm By JD Alois  |  

Online capital formation is getting hit by all of the things impacting public markets. Record high inflation, rising interest rates, war in Ukraine, and tension with China all combine to compel investors to pull back. Crowdfund Capital Advisors (CCA) has shared some information on activity… Read More

December 2, 2022 @ 1:07 pm By JD Alois  |  

According to bankruptcy managers, FTX and most of its subsidiaries are resuming ordinary course payments of salary and benefits to employees worldwide as well as payments to certain non-US contractors and service providers. New FTX CEO John J. Ray III said: “With the Court’s approval… Read More

December 2, 2022 @ 12:43 pm By JD Alois  |  

Tweeq, a Saudi Fintech, has become one of the first Fintechs in the Kingdom to receive an e-money license from The Saudi Central Bank (SAMA). The e-Money license from SAMA will allow Tweeq to launch a “super app” providing neobank features and services tailored to… Read More

December 2, 2022 @ 12:30 pm By JD Alois  |  

The Financial Technology Association (FTA) has selected Leigh Lytle, head of North American Policy at Plaid, as the 2023 Chair of the FTA Board of Directors. Before joining Plaid, Lytle spent more than 15 years at the Federal Reserve Bank of San Francisco. According to… Read More

December 2, 2022 @ 10:56 am By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC), in partnership with The Digital Dollar Project (DDP) and Accenture, has published a white paper titled “Exploring Post-Trade Security Settlement with a US Central Bank Digital Currency.” The paper outlines the findings of a pilot project exploring how… Read More

December 2, 2022 @ 9:28 am By JD Alois  |  

Tether (USDT), currently the most popular dollar-based stablecoin with a market cap of around $65 billion, has responded to an article in WSJ.com questioning the firm about its stablecoin-issued loans and affiliated risk. In an article published yesterday (December 1, 2022), the author claimed that… Read More

December 2, 2022 @ 8:30 am By JD Alois  |  

CrowdProperty, a property investment platform,  has appointed Richard Sinfield as Head of Compliance. The company said the new hire represents its commitment of the business to operating with the highest ethical standards and levels of transparency. Seinfield said CrowdProperty has an excellent reputation in the… Read More

December 2, 2022 @ 8:20 am By JD Alois  |  

LendingClub  (NYSE: LC) has agreed to acquire a $1.05 billion loan portfolio of personal loans that became available following US Bancorp’s acquisition of MUFG Union Bank’s core regional banking franchise. The loans were originated on the LendingClub platform. On September 21, 2021, MUFG and MUFG… Read More