September 9, 2022 @ 9:09 am By JD Alois  |  

Huobi Group has received a license to operate a digital asset exchange in the British Virgin Islands (BVI). The approval came from the BVI Financial Services Commission (FSC) and was awarded to Huobi subsidiary Brtuomi Worldwide Limited (BWL). On April 16th, 2021, BWL was approved… Read More

September 8, 2022 @ 4:50 pm By JD Alois  |  

ShiftPixy (NASDAQ:PIXY) shares rocketed higher a whopping 176% today following the announcement it would trade its shares on digital securities platform Upstream (by MERJ) along with spinning out ShiftPixy Labs as its own company. While shares dipped slightly in after-hours trading, ShiftPixy started the day… Read More

September 8, 2022 @ 2:12 pm By JD Alois  |  

SEC Chairman Gary Gensler continues to assert that pretty much all digital assets are securities and should be regulated as such. As part of the SEC Speaks series, Chair Gensler said that of the approximately 10,000 “tokens” he believes they are securities and the few… Read More

September 8, 2022 @ 11:43 am By JD Alois  |  

Dalmore Group is a regulated broker-dealer that is very active in the securities crowdfunding sector, helping firms raise money using Reg A+ (Regulation A), Reg CF, as well as Reg D. Dalmore not only enables funding via exempt securities offerings but it also provides secondary… Read More

September 8, 2022 @ 10:06 am By JD Alois  |  

Regtech SteelEye, a London-based firm, has raised a $21 million Series B round led by Ten Coves Capital, according to the firm. Other investors in the round include; Fidelity International Strategic Ventures, Illuminate Financial, Beacon Equity Partners, and apparently “a large family office.” In total,… Read More

September 8, 2022 @ 9:54 am By JD Alois  |  

The drums keep pounding louder in regards to the need to regulate cryptocurrencies – perhaps, more importantly, stablecoins which act as a proxy for fiat currency. As was reported earlier, Fed Vice Chair Michael Barr echoed the above sentiment. Today, Fed Chair Jerome Powell is… Read More

September 8, 2022 @ 8:53 am By JD Alois  |  

The European Central Bank (ECB) announced an interest rate increase of 75 basis points – matching the US Federal Reserves’ last bump – as it targets a 2% rate of inflation. The rate increase was the largest ever in the history of the ECB. The… Read More

September 8, 2022 @ 8:40 am By JD Alois  |  

Yesterday, during a speech delivered at the Brookings Institute, Federal Reserve Vice Chairman Michael Barr, addressed the topic of risk in financial markets along with pointed criticism of stablecoins specifically. While warning about private money, Barr embraced the broader topic of innovation in financial services…. Read More

September 7, 2022 @ 5:09 pm By JD Alois  |  

PayPal (NASDAQ:PYPL) and Intuit (NASDAQ:INTU) are the newest members of the Financial Technology Association (FTA) according to a statement by the group. The two big tech firms join a growing roster of Fintechs aiming to have their voices heard inside the beltway. Names like Block,… Read More

September 7, 2022 @ 4:38 pm By JD Alois  |  

Klavi, a Brazilian Fintech startup, has raised $15 million in a Series A funding round. The funding was led by venture capital funds Iporanga Ventures and Parallax Ventures and included GSR Ventures. Klavi said the banking infrastructure provider CIP S.A. and Vivo Ventures, Vivo’s Corporate… Read More

September 7, 2022 @ 3:50 pm By JD Alois  |  

Apple Pay is processing $6 trillion annually beating Mastercard but trailing leader Visa, according to a report by Apple Insider. Apple (NASDAQ:AAPL) does not report detailed information on its Apple Pay and Apple Card services but we know it has been picking up steam. Last… Read More

September 7, 2022 @ 1:07 pm By JD Alois  |  

ShiftPixy, Inc. (NASDAQ: PIXY) has announced a plan to “duel list” its shares on digital securities marketplace Upstream, a platform powered by MERJ and Horizon Fintex. ShiftPixy has a current market cap of around $585 million. ShiftPixy has been going through a period of transition… Read More

September 7, 2022 @ 10:47 am By JD Alois  |  

British Business Investments, a commercial subsidiary of British Business Bank plc – the UK government’s economic development bank, has announced a €30 million “initial” investment to Atempo Growth’s inaugural venture debt fund. The new fund is expected to target VC-backed businesses in the UK and… Read More

September 7, 2022 @ 10:40 am By JD Alois  |  

SEBA Bank, a Switzerland-based “crypto bank,” is now offering Ethereum staking for institutional investors. The announcement aligns with the MERGE – the event when Ethereum migrates from Proof of Work (PoW) to Proof of Stake (PoS). SEBA Bank is a regulated entity providing compliant access… Read More

September 7, 2022 @ 10:28 am By JD Alois  |  

LANDE, a Latvian Fintech providing investment crowdfunding for farms, has raised €550,000 in pre-Seed funding, according to a statement by the firm. LANDE states that it will use the money to expand its services into Romania while planning entry into other European markets. The round… Read More

September 7, 2022 @ 10:05 am By JD Alois  |  

Leading UK digital bank Starling Bank has added a new feature for its users by enabling “Bulk Payments”. The new service is designed to support payroll, supplier payments or employee expenses and more for firms using Starling business banking. The new service is a subscription-based… Read More

September 7, 2022 @ 8:39 am By JD Alois  |  

21.co, a Switzerland-based crypto platform, has raised $25 million in a funding round led by Marshall Wace. The valuation of 21.co was set at around $2 billion apparently making 21.c0 Switzerland’s largest crypto unicorn. Marshall Wace, regulated by the UK FCA, is a hedge fund partly… Read More

September 6, 2022 @ 5:22 pm By JD Alois  |  

As was reported earlier, Binance has decided to remove competing stablecoins on its exchange and replace them with its homegrown version BUSD. In a corporate statement, Binance said it would “auto convert” holdings in dollar-based stablecoins with BUSD later this month. Paxos, a regulated “blockchain… Read More

September 6, 2022 @ 4:22 pm By JD Alois  |  

Villyz, an online investment platform based in Paris, says it has received approval to offer securities across the European Union under ECSPR (European Crowdfunding Service Provider Regulation). The new rules went into effect in November of 2021 allowing issuers to raise up to €5 million… Read More

September 6, 2022 @ 4:05 pm By JD Alois  |  

Live Oak Ventures, a wholly owned subsidiary of Live Oak Bancshares (NASDAQ: LOB), is reporting that it made a $28 million gain on its exit of Payrailz which wsa purchased by Jack Henry & Associates – a banking tech provider. Payrailz is a digital payments… Read More