November 29, 2022 @ 7:12 pm By JD Alois  |  

LBRY, a digital asset firm that was the target of a Securities and Exchange Commission (SEC) enforcement action, has taken to Twitter to predict its own demise stating it will “probably be dead in the near future.” Since any information given privately to the SEC… Read More

November 29, 2022 @ 6:35 pm By JD Alois  |  

Prime Trust has made a change at the top as Tom Pageler is out as Chief Executive Officer, according to a representative from the company. Prime Trust issued the following statement: Today, the Prime Trust Board of Directors announced a leadership transition to better align… Read More

November 29, 2022 @ 4:55 pm By JD Alois  |  

  Senator Ron Wyden, the Chairman of the Senate Committee on Finance, has sent letters to several crypto exchanges which operate in the US pressing them on consumer protection concerns in the wake of the bankruptcy of FTX. Senator Wyden contacted the following crypto exchanges; … Read More

November 29, 2022 @ 12:21 pm By JD Alois  |  

LendingRobot has been acquired by Lime Financial. According to an email, Lime Financial is now the majority owner of the company. Details of the transaction were not provided. LendingRobot was previously part of Lend Academy Investments, LLC dba NSR Invest. Lend Academy also operates the… Read More

November 29, 2022 @ 12:10 pm By JD Alois  |  

Wine and whiskey investment platform Vinovest has listed a securities offering on Republic. According to the offering page, Vinovest is raising capital for Bottle & Barrel I LLC, a series of Vinovest Capital, LLC. It appears that Vinovest is looking to expand its community by… Read More

November 29, 2022 @ 11:35 am By JD Alois  |  

StartEngine, a leading investment crowdfunding platform in the US, is reporting 37 exits to date. This includes the issuers that raised capital on SeedInvest, a platform StartEngine recently acquired. In a widely distributed email, StartEngine CEO Howard Marks commented: “In order to take equity crowdfunding… Read More

November 29, 2022 @ 11:22 am By JD Alois  |  

Crypto exchange Kraken has settled with the US Department of Treasury, which had alleged sanction violations. Falling under the Office of Foreign Assets Control (OFAC), Kraken has agreed to pay $362,158.70 to settle a possible civil liability for claimed violations of the Iranian Transactions and… Read More

November 29, 2022 @ 10:59 am By JD Alois  |  

FTSE Russell has announced the launch of FTSE Global Digital Asset Index Series in partnership with Digital Asset Research (DAR). The series includes “investible” digital assets that cover eight indices from large to micro-cap and is the second FTSE Russell index series based on FTSE… Read More

November 29, 2022 @ 10:17 am By JD Alois  |  

Bitfront, a US-based crypto exchange and yield provider, has decided to shut down. Bitfront is just the latest casualty during a time of crypto contagion following the collapse of multiple large digital asset platforms. Bitfront, previously known as BITBOX – located in Singapore, is a subsidiary… Read More

November 28, 2022 @ 4:00 pm By JD Alois  |  

FrankieOne has raised $15.5 million in a Series A+ round led by Greycroft and Australian VC AirTree Ventures. The company reported that Reinventure (Westpac Bank’s venture arm), Tidal Ventures, and Apex Capital Partners also reinvested. New strategic investors include Binance Labs and Kraken Ventures. The… Read More

November 28, 2022 @ 3:19 pm By JD Alois  |  

Crypto markets are far off from their all-time highs, and today another crypto firm announced a bankruptcy filing due to FTX collateral damage. 2022 is not so much a crypto-winter but perhaps a crypto-ice age. The failure of FTX has harmed the entire crypto sector,… Read More

November 28, 2022 @ 11:24 am By JD Alois  |  

BlockFi has filed for bankruptcy under Chapter 11 in the US courts. The news has been widely rumored in the last few weeks as BlockFi’s destiny had been tied to the future of FTX, a crypto firm that filed for bankruptcy earlier this month. In… Read More

November 28, 2022 @ 9:45 am By JD Alois  |  

BVNK has reportedly gained a UK Electronic Money Institution (EMI) Licence via the acquisition of System Pay Services Limited (SPS Ltd). SPS has held an EMI license authorized by the Financial Conduct Authority (FCA) since 2020. The deal was approved by the FCA. BVNK is… Read More

November 28, 2022 @ 8:18 am By JD Alois  |  

Ettle, a blockchain startup, has announced a pilot transaction for an Australian dollar-based stablecoin AUDE. According to a company statement, Ettle partnered with Meadow Labs in the experiment to make a payment using the AUDE to one of its contractors. Ettle says it is utilizing… Read More

November 27, 2022 @ 11:44 pm By JD Alois  |  

The Securities and Exchange Commission (SEC), Investor Advisory Committee (IAC), has scheduled its next meeting for December 8, 2022. The IAC was created under the Dodd-Frank Act and holds a mission to protect investor interests but has tended to overweight investor protection over investor access… Read More

November 27, 2022 @ 10:44 pm By JD Alois  |  

The US Senate Committee on Agriculture, Nutrition, and Forestry will hold a hearing titled “Why Congress Needs to Act: Lessons Learned from the FTX Collapse.”  The Committee has oversight of FTX due to the fact that certain crypto assets are regulated by the Commodities Futures Trading Commission… Read More

November 25, 2022 @ 7:49 pm By JD Alois  |  

While there has long been much discussion about the benefits of crypto and blockchain, too frequently, these comments ignore regulation and a need for a compliant environment that instills confidence from all sides of the equation. This has undermined the public perception of blockchain technology… Read More

November 25, 2022 @ 9:13 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF), part of the University of Cambridge, has published its 3rd Global Fintech Regulator Survey. The document is being produced in partnership with the World Bank. CCAF is widely recognized as the top independent research firm following the development of… Read More

November 25, 2022 @ 8:50 am By JD Alois  |  

Tink, an open banking platform, now offers a new feature called Balance Check that enables users to verify account balances. Tink states that this new feature will simplify the setting up of direct debit mandates, supporting both businesses and consumers. Balances Check utilizes real time… Read More

November 24, 2022 @ 1:28 pm By JD Alois  |  

Prominent Latin American crypto exchange Bitso has posted all funds are secure during a time when some are questioning the viability of certain crypto marketplaces and counterparty risk associated with the FTX bankruptcy. Bitso said in a statement that it was going beyond proof of… Read More