December 1, 2022 @ 11:57 pm By JD Alois  |  

Atish Davda, CEO and founder of EquityZen, a secondary market for private securities, says now is the time for people to invest in private firms. While public markets have tanked since the beginning of the year, experiencing exceptional volatility in recent months, and private markets… Read More

December 1, 2022 @ 5:59 pm By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has taken action against Edgar Radjabli, operator of Loan Doctor, who allegedly took customer funds and placed them in risky ventures like Celsius Network – a crypto yield platform that is now bankrupt. The complaint filed by the CFPB… Read More

December 1, 2022 @ 5:40 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) reports that the US District Court for the Southern District of New York has entered a consent order for a permanent injunction, restitution, and equitable relief against Jeremy Spence of Bristol, Rhode Island, who conducted business as Coin Signals…. Read More

December 1, 2022 @ 5:19 pm By JD Alois  |  

According to multiple reports, Coinsquare, a top Canadian crypto exchange, was the target of a hack where customer information was taken, but no passwords or funds were stolen. Coinsquare is Canada’s first IIROC-regulated crypto marketplace. On November 19th, Coinsquare said they witnessed “unusual activity” on… Read More

December 1, 2022 @ 4:35 pm By JD Alois  |  

Coinbase (NASDAQ:COIN) has taken to Twitter to criticize Apple (NASDAQ:APPL) because it has blocked its most recent App update as Coinbase moved to evade app store fees. Coinbase said that Apple does not understand how NFTs and blockchain work, and thus Apple is in the wrong…. Read More

December 1, 2022 @ 11:41 am By JD Alois  |  

Temenos (SIX: TEMN), a banking platform provider, has expanded its relationship with Mbanq to boost its Banking as a Service (BaaS) in the US. At the same time, Temenos has invested in Mbanq, taking a minority stake in the Fintech. Temenos did not immediately reveal… Read More

December 1, 2022 @ 11:16 am By JD Alois  |  

Senator Sherrod Brown, Chairman of the Senate Banking Committee, has sent a letter to the US Department of Treasury Secretary Janet Yellen expressing his concerns following the bankruptcy filing of FTX. The crypto exchange, once one of the largest crypto exchanges in the world, filed… Read More

December 1, 2022 @ 11:04 am By JD Alois  |  

Shield, an Israel-based Regtech, has raised $20 million in Series B funding. The round was led by Macquarie Capital and joined by UBS Next, and Mindset. Notably, global securities crowdfunding platform OurCrowd backed the funding round after participating in the Series A. Shield is a… Read More

December 1, 2022 @ 9:50 am By JD Alois  |  

LastPass has posted a notice that it has experienced another data breach – with the perpetrators apparently utilizing information stolen before. LastPass is best known for its GoTo products enabling virtual operating environments. LastPass stated: “We recently detected unusual activity within a third-party cloud storage… Read More

December 1, 2022 @ 9:15 am By JD Alois  |  

Singapore-based Funding Societies has surpassed THB 1 Billion (USD $27.8 million) in online lending in Thailand, according to a note from the company. Funding Societies secured a license in Thailand in 2021. Funding Societies is a platform providing access to capital for SMEs in multiple… Read More

December 1, 2022 @ 7:45 am By JD Alois  |  

The Senate Committee on Agriculture will hold a hearing today (December 1, 2022) at 10 AM ET to review the failure of FTX. This Committee holds oversight on the commodities industry and, therefore on aspects of crypto markets that are deemed to be regulated commodities…. Read More

November 30, 2022 @ 10:16 pm By JD Alois  |  

Insurtech bolttech has partnered with Max Solution Service Co., Ltd., a subsidiary of PTG and the company behind Max Card, to offer insurance on the card’s Max Me application. The Max Me app will provide Max Card customers with a simple way to purchase insurance… Read More

November 30, 2022 @ 4:47 pm By JD Alois  |  

The Financial Action Task Force (FATF) has published a report on money laundering from fentanyl and synthetic opioids. The report was co-led by the US and Canada and offers recommendations for countering the illicit drug trade. FATF is a global organization that aims to encourage… Read More

November 30, 2022 @ 4:00 pm By JD Alois  |  

Rialto Markets, a broker-dealer that specializes in online capital formation, has announced a partnership with Rubicon Carbon, LLC. Rialto will serve as the tech provider for the issuance of the assets. According to a note from the firm, the partners will launch market-based products for… Read More

November 30, 2022 @ 3:36 pm By JD Alois  |  

Kraken, the third largest crypto exchange according to Coinmarketcap, has decided to reduce its workforce by 1100 employees representing approximately 30% of its headcount. The reduction in employees was revealed in a blog post today by Kraken CEO and co-founder Jesse Powell. Powell said the… Read More

November 30, 2022 @ 11:53 am By JD Alois  |  

Binance recently announced the creation of an “Industry Recovery Fund” following the collapse of FTX and the collateral damage it has caused to the cryptocurrency industry. Several other platforms have indicated they have been impacted by the bankruptcy of FTX, and several have shut down… Read More

November 30, 2022 @ 10:47 am By JD Alois  |  

  The Securities and Exchange Commission (SEC), Small Business Capital Formation Advisory Committee (SBCFAC), has posted two letters advising the Commission on key policy goals that impact capital formation, especially for smaller – private firms. The Committee is the creation of the SEC Small Business… Read More

November 30, 2022 @ 10:36 am By JD Alois  |  

The European Central Bank (ECB) has published a blog post that predicts the demise of Bitcoin – the world’s most popular cryptocurrency. Authored by Ulrich Bindseil and Jürgen Schaaf, entitled “Bitcoin’s Last Stand,” the article claims that Bitcoin is in its “last gasp before the… Read More

November 30, 2022 @ 9:05 am By JD Alois  |  

Apple Pay, the Fintech service offered by the eponymous tech firm Apple (NASDAQ:AAPL), is growing at a rapid pace, according to a report compiled by Salesforce. Asking the question of which payment type saw the fastest adoption in 2022, Apple Pay delivered a whopping 63%… Read More

November 29, 2022 @ 9:25 pm By JD Alois  |  

Singapore-based finbots.ai has signed its first customer in Mongolia, a neobank called M-Bank. finbots.ai is an Accel-funded Fintech that provides B2B software as a service (SaaS). finbots.ai’s  utilizes artificial intelligence (AI) to provide a credit modelling solution that aims to enable M bank to rapidly… Read More