July 27, 2022 @ 9:47 am By JD Alois  |  

Upgrade, a Fintech providing credit services along with neo banking offerings like checking, has announced a new card that combines buy now- pay later (BNPL) services alongside the option to pay now. According to a statement from the company, the Upgrade OneCard is a single… Read More

July 26, 2022 @ 5:13 pm By JD Alois  |  

Is there a thaw in the much-discussed crypto winter? If you are following crypto markets, you know rather well that digital assets have tanked in 2022, dropping from all-time high valuations of around $3 trillion to under $1 trillion. Much of the decline can be… Read More

July 26, 2022 @ 4:51 pm By JD Alois  |  

Routable has added a new cross-border payments solution that is said to allow payments across most all countries in the world. Routable pitches its platform as the simplest way to enable business-to-business payments. Its service is utilized by companies like Ticketmaster and Remax. Omri Mor,… Read More

July 26, 2022 @ 12:28 pm By JD Alois  |  

Monzo, a leading digital bank, has been ordered by the UK Competition and Markets Authority (CMA) to manage its departing customers better. According to a statement by the CMA, Monzo must review how it communicates with exiting customers regarding historic financial transactions. Apparently, Monzo informed… Read More

July 26, 2022 @ 12:13 pm By JD Alois  |  

GoCardless now offers Variable Recurring Payments (VRP). GoCardless states that its service will enable developers etc. to incorporate VRPs as the deadline for VRPs nears. GoCardless is a direct bank payment solution that facilitates both both recurring and one-off payments directly from customers’ bank accounts… Read More

July 26, 2022 @ 12:01 pm By JD Alois  |  

TestFit has raised $20 million in a Series A funding round led by Parkway Venture Capital. This brings total funding to date for the startup to $22 million, according to a company statement. TesetFit is an artificial intelligence (AI) enhanced software platform that aims to… Read More

July 26, 2022 @ 10:26 am By JD Alois  |  

Popular Open Banking service provider Plaid has announced a new service called Variable Recurring Payments (VRP). Plaid claims the offering can help UK businesses save more than £1.5 billion annually by slicing payment processing fees, according to a company statement. As the name explains, VRP… Read More

July 26, 2022 @ 10:12 am By JD Alois  |  

The Italian Ministry of Economy and Finance (Ministero dell’Economia e delle Finanze) has issued a statement denying a data breach at the Italian Revenue Agency (Agenzia delle Entrate). Astatement posted by the Ministry via Sogei states: “No hacker attacks on the Revenue Agency With regard… Read More

July 26, 2022 @ 8:57 am By JD Alois  |  

Coinbase (NASDAQ:COIN) recently worked with the Securities and Exchange Commission (SEC) to pursue an insider action investigation that ended up with three individuals, including a former Coinbase manager, being hit with a lawsuit by the SEC as well as parallel criminal charges from the US… Read More

July 26, 2022 @ 5:00 am By JD Alois  |  

A new FINRA-regulated funding portal has announced its launch, Untold.io (Blue Dot Media Holdings LLC) will pursue investment crowdfunding targeting the entertainment industry. Untold.io states that it will both leverage Reg CF and Reg D exemptions to raise capital online. By utilizing the Reg D… Read More

July 25, 2022 @ 6:48 pm By JD Alois  |  

As part of a virtual presentation today hosted by the Brookings Institution, CFTC Chairman Rostin Behnam delivered a speech addressing crypto regulation. As any follower of the digital asset sector will understand, regulation of crypto remains a bit opaque After a round-up of the developing… Read More

July 25, 2022 @ 4:35 pm By JD Alois  |  

Amazon, (NASDAQ:AMZN) has announced a new service for its customers running storefronts on the Amazon marketplace – a Sellers Wallet; a new digital wallet that aims to “simplify the global Amazon selling experience.” The Seller Wallet is described as one of the payment options and… Read More

July 25, 2022 @ 4:02 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has revealed multiple enforcement actions involving allegations of insider trading. The charges are also being joined by parallel criminal charges filed in the Southern District of New York. According to the SEC, three actions emanated from the SEC Enforcement… Read More

July 25, 2022 @ 12:16 pm By JD Alois  |  

CrowdStreet on the Impact of Inflation. Inflation is hitting multi-decade highs, and the US Federal Reserve is raising interest rates rapidly in a rear guard action aimed at taming what is effectively a hidden tax. While the administration claimed for many months that rising prices… Read More

July 25, 2022 @ 9:44 am By JD Alois  |  

As was reported earlier, FTX has sent a proposal to Voyager Digital to effectively take over the company’s accounts while leaving the Three Arrows Capital (3AC) loans within the recovery process. FTX would open new accounts for remaining Voyager Digital account holders – potentially funding… Read More

July 25, 2022 @ 9:10 am By JD Alois  |  

Bitfinex, Tether, and Hypercore have joined to launch Holepunch, a platform described as enabling creators to build secure peer-to-peer apps. Holepunch is currently closed source and in alpha testing. The company anticipates moving to open source code in Q4 of 2022. Tether is a leading… Read More

July 24, 2022 @ 11:47 pm By JD Alois  |  

Recently, new European Crowdfunding Service Provider Regulation (ECSPR) compliance was extended for another year. Actionable as of November 2021, the move to harmonize European regulation was greated as an enormous leap for online capital formation. For the first time, platforms would be able to help… Read More

July 24, 2022 @ 10:00 pm By JD Alois  |  

Iconic Mexican food brand Trejo’s Tacos – is looking to leap from its Californian home base and cross the Atlantic to set up shop in the UK. As part of this expansion, Trejo’s Tacos is raising growth capital on Seedrs. According to the offering page,… Read More

July 24, 2022 @ 9:26 pm By JD Alois  |  

Later this month, the US government will release GDP numbers which may or may not indicate the economy is in a recession. The White House is already taking steps to prepare for a potentially negative report. A recession is typically defined as two-quarters of negative… Read More

July 24, 2022 @ 8:53 pm By JD Alois  |  

Last week, the  Securities and Exchange Commission filed a lawsuit against the perpetrators of an alleged insider trading scam utilizing privileged information from Coinbase. A former Coinbase manager, along with two co-conspirators, have been charged as well. The former Coinbase manager, Ishan Wahi, his brother… Read More