JD Alois

UK FCA to Receive Funds from Fraudulent Peer to Peer Lender

The UK Financial Conduct Authority (FCA) has received £265,523.96 in a confiscation order against Andrew Currie, the operator of peer-to-peer lending platform Collateral LTd.  Currie was convicted of fraud in 2023 and sentenced to 2 years and 6 months’ imprisonment for fleecing investors in the… Read More

Report Claims Two UK Crypto Exchanges Used to Support Iran’s Islamic Revolutionary Guard Corps (IRGC)

The world is watching events in Iran as the populace is pushing back against the repressive regime led by the Supreme Leader Ayatollah Khamenei. Recent reports indicate that Khamenei has vowed not to back down as anti-government protesters take to the streets and communications are… Read More

UK CFO Survey Sees Artificial Intelligence (AI) Boosting Productivity

Artificial Intelligence (AI) can be lambasted as a destroyer of jobs or lauded as a supporter of productivity. The conventional wisdom tends toward the latter, but some noted prognosticators have predicted the end of work. Regardless, sentiment in the UK seems fairly positive, as the… Read More

Andreessen Horowitz Raises $15 Billion to Invest in American Dynamism, More

Top venture capital firm Andreessen Horowitz has raised $15 billion to invest in a range of sectors including American Dynamism. As outlined in a blog post by Ben Horowitz, the VC will commit funds as follows: American Dynamism ($1.176B), Apps ($1.7B), Bio + Health ($700M),… Read More

Active Betting on Iran Regime Change on Polymarket

It is not just about sports… Betting on regime change pertaining to Iran is trending on Polymarket as the population takes to the streets across the country, as it challenges the repressive Khamenei dictatorship. As it stands today, only 18% of bettors believe Khamenei will… Read More

California Law Allows State to Claim Crypto from Inactive Accounts

A relatively new law allows the state of California to claim crypto holdings from accounts deemed inactive. SB 822, The Unclaimed Property Law (UPL), was signed into law by Governor Newsom last October. While the state must make efforts to discover legal holders, after three… Read More

Petition Filed with Securities and Exchange Commission to Raise Reg CF Funding Cap to $20 Million

There has been a formal submission to the Securities and Exchange Commission (SEC) to increase the funding cap of Regulation Crowdfunding (Reg CF) from the current $5 million to $20 million. A petition to the SEC is a request to issue, change, or repeal a… Read More

Details Emerge on JP Morgan Chase Take Over of the Apple Card

Additional details have emerged regarding JP Morgan’s (NYSE:JPM) acquisition of the Apple Card (NASDAQ:AAPL) business. As reported yesterday, after years of agonizing indecision over Apple’s card offering, Goldman Sachs (NYSE:GS) has now agreed to exit the business while taking a $1 billion haircut on existing… Read More

JP Morgan to Take Over Apple Card from Goldman Sachs

Rumors about Goldman Sachs (NYSE:GS) exiting its support for the Apple Card have been circulating for quite some time. The Apple Card played a significant role in Goldman’s failed expansion into consumer Fintech. While the thesis that Goldman’s vast expertise in global markets would play… Read More

China to Pay Interest on Digital Currency Holdings, Crypto Firms Want the Same for Stablecoins Angering Banks

We need banking services; we just don’t necessarily need banks.  The advent of digital assets and the potential for disintermediation pose both threats and opportunities for traditional banks. Stablecoins may upend traditional financial rails, and the GENIUS Act provided a federal path for firms to… Read More

Netcapital Acquires Iverson Design, an AI Supported Design Tool as Part of Transition to Tokenization, Digital Assets

Netcapital, best known for its online capital formation services, has announced that it has acquired the assets of Iverson Design, LLC, a developer of AI-powered design and visualization tools The deal terms involved Netcapital issuing 80,000 shares of its common stock for the purchase of… Read More

CEO of Blockchain Firm RedStone Says Prediction Markets Must Address Insider Trading Claims

RedStone CEO and co-founder Marcin Kaźmierczak is critiquing the recent report of a bet on Polymarket that presciently anticipated the raid on Venezuela which saw dictator Nicolas Maduro bundled up and transferred to a US prison. As was reported, a new account on the prediction… Read More

Banks are Banks, Non Banks are Non Banks, Clarifies the American Fintech Council

The American Fintech Council (AFC) has issued a statement on the regulation of banks and non-banks. In a letter submitted to the FDIC, the CFPB, the FTC, the OCC, and the Federal Reserve, the group stated that “banks are banks, and non-banks are non-banks” and… Read More

USD JPM Coin on Digital Asset’s Canton Network

Digital Asset reports that JPM Coin (JPMD) is now on its Canton Network, an enterprise-friendly blockchain. Digital Asset is working with JP Morgan’s Kinesys vertical to enable the offering. The project is said to be taking a “phased approach” throughout 2026. Payment tokens, or stablecoins, received an important… Read More

FICC: DTCC Approved to offer the ACS Triparty Service

The Depository Trust & Clearing Corporation (DTCC) has received approval by the Securities and Exchange Commission to offer the ACS Triparty Service within its existing Fixed Income Clearing Corporation’s (FICC’s) Agent Clearing Service (ACS) offering. The ACS Triparty Service aims to improve access to central… Read More

Global Securities Lending Tops $15.3 Billion, Rising 26% in 2025

Global securities lending rocketed to $15.3 billion in 2025, up 26% year over year. This is according to a report from EquiLend, a Fintech offering trading, data & analytics, as well as Regtech. The big number is 13% higher than the previous high set in… Read More

California In First Place for People Leaving the State: UHAUL Tells No Lies

While there are a lot of things that California is great at, think beautiful weather, beaches, and mountains, when it comes to serving the residents, it seems the Golden State is further down the list. The annual UHAUL report on one-way customers using their service indicates… Read More

“What blockchain really does is eliminate the need for Visa.”

Mr. Potter Banker Banking (1)

The digital asset ecosystem is gearing up amid the Trump Administration’s embrace of blockchain technology and the recognition that digital is the future of all financial services, including securities. At least initially, back office services were in many respects the most obvious uses of distributed… Read More

Cross River Bank Shares 2025 Recap of Progress

Cross River Bank, a  Fintech first financial services firm, has distributed a recap of progress made during the past year. Cross River’s Founder, President and CEO Gilles Gade, says that 2025 was a defining year as everything changed with the confluence of artificial intelligence (AI)… Read More

Bitcoin Mining Data Center to Heat Greenhouse in Canada

Bitcoin mining is incredibly power-intensive, with the computers generating substantial heat. In Canada, one operation has found a way to create a symbiotic relationship with mining rigs by working with a greenhouse in Manitoba to provide needed heat. Canaan (NASDAQ: CAN) says a 3 MW proof-of-concept… Read More

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