June 27, 2022 @ 2:38 pm By JD Alois  |  

Tether is out with a statement regarding its dollar based stablecoin USD₮. The commentary by Tether may be in response to an interview with SEC Chairman Gary Gensler that took place on CNBC this morning when Tether was discussed by name with Gensler comparing stablecoins… Read More

June 27, 2022 @ 2:08 pm By JD Alois  |  

Three Arrows Capital (3AC) has defaulted on a $670 million loan. Voyager Digital  (TSX: VOYG) (OTCQX: VYGVF) , a digital asset firm that had previously warned it had exposure to 3AC in regards to 15,250 Bitcoin (~$308 million) and $350 million (USDC) for over $650… Read More

June 27, 2022 @ 10:24 am By JD Alois  |  

Shares in crypto exchange Coinbase (NASDQ:COIN) have dropped by over 9% today to around $56/share following a downgrade from Goldman Sachs. Coinbase is not quite at its 52-week low of around $40 a share but they are far off its 52-week high of over $368… Read More

June 27, 2022 @ 9:32 am By JD Alois  |  

Griffin, a banking as a service firm (BaaS), has selected Maria Campbell as its Chief Operating Officer. Campbell has been with the Fintech since 2021 and her prior position was Vice President of People. Her appointment as COO comes after Adam Moulson was announced as… Read More

June 27, 2022 @ 8:47 am By JD Alois  |  

Securitize, a security token issuance platform and digital security trading market, has announced its expansion into Europe. Securitize has been approved by the Spanish General Secretariat of the Treasury and International Finance to enter its experimental program or Fintech sandbox where Securitize will serve a… Read More

June 27, 2022 @ 6:01 am By JD Alois  |  

Neobank/digital bank Revolut will roll out its buy now – pay later (BNPL) product starting with Ireland. Revolut is entering a rather crowded market but is providing a service that has dramatically increased in popularity in recent years. According to Revolut Ireland as of last… Read More

June 26, 2022 @ 11:39 pm By JD Alois  |  

Fund That Flip, a real estate investment and financing marketplace, has been recognized as a top place to work by Cleveland.com. The Mid-western venture ranked in 1st place among midsized companies for 2022. Fund that Flip is said to currently employ 230 individuals including 140… Read More

June 25, 2022 @ 4:40 pm By JD Alois  |  

While some people say a proverbial “soft landing” is possible for the economy a growing number of people are expecting a recession as soon as this year or perhaps in 2023. As a recession is two consecutive quarters of negative growth, and the fact that… Read More

June 25, 2022 @ 11:28 am By JD Alois  |  

PSD2 or the European Payment Services Directive 2, has been in force since 2016 but payment services providers had until 2018 to adhere to the rules. The EU directive requires providers to incorporate heightened authentication features as well as taking aim at APIs that may… Read More

June 24, 2022 @ 3:25 pm By JD Alois  |  

Hex Trust, Hong Kong-based digital asset custody provider providing services across Asia, has gained provisional approval for a Virtual Asset MVP license in Dubai. According to a statement by Hex Trust, the Government of Dubai’s Virtual Assets Regulatory Authority (VARA) has approved it to operate… Read More

June 24, 2022 @ 12:01 pm By JD Alois  |  

FTX, a fast-growing crypto exchange operated by Sam Bankman-Fried, may purchase an equity stake in BlockFi, one of the most successful digital asset companies in the US. BlockFi offers both trading in crypto as well as complementary services such as a wallet, credit cards, crypto… Read More

June 24, 2022 @ 10:57 am By JD Alois  |  

While Miami has long been known for white sandy beaches and awesome weather, in recent years Miami has emerged as a crypto-haven with many blockchain startups and early-stage ventures setting up shop in the Southeast Florida location. But it is not just blockchain firms and… Read More

June 23, 2022 @ 9:38 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has proposed ESG rules that may compel public firms to disclose climate risks that may impact the environment. The rule proposal was accepting comments from interested parties up until this past week with a deadline of June 17th. While everyone… Read More

June 23, 2022 @ 9:26 pm By JD Alois  |  

Well, this is interesting. While many active market participants view crypto as similar to an online casino and some think it may be a longshot home-run, about 25% of Americans expect crypto to be a source of income in their retirement. This is according to… Read More

June 23, 2022 @ 4:00 pm By JD Alois  |  

  THIS, a plant-based meat creator, has quickly topped its £4 million funding target on Seedrs. At this moment, THIS has raised over £5.7 million from 2179 investors on Seedrs. The company is raising equity capital at a pre-money valuation of £150 million. The security… Read More

June 23, 2022 @ 3:37 pm By JD Alois  |  

Inter&Co (NASDAQ: INTR), a Brazil-based Fintech, commenced trading of its shares on the Nasdaq today. Inter&Co previously traded on Brazil’s B3 exchange. As was previously reported, Inter&Co is seeking the greater liquidity and robust capital markets of the US as it plans its expansion. Inter&Co reports… Read More

June 23, 2022 @ 11:11 am By JD Alois  |  

Congressman Jim Himes, an elected official from Connecticut, has published a “white paper” on the benefits of a central bank digital currency (CBDC). Upon release, Himes issued the following statement: “Over the last few years, we have seen other governments make real progress in establishing… Read More

June 23, 2022 @ 10:56 am By JD Alois  |  

Pagaya Technologies has listed its shares on the Nasdaq following the completion of a SPAC deal with EJF Acquisition Corp. The shares are trading under the symbol “PGY” at around $5.70/share. The deal was approved by Pagaya shareholders on June 16, 2022, and by EJFA’s… Read More

June 23, 2022 @ 10:50 am By JD Alois  |  

Aided by Praxent, Sage Equity Partners is launching a “crowdfunding platform for modern investors” according to a company release. Praxent is a “a Fintech UX and engineering” firm that is working with Sage on the platform labeled “SageStreet.” Houston based Sage Equity Partners  is described… Read More

June 23, 2022 @ 9:49 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) says it is dealing with scams faster by scanning thousands of websites daily and shutting them down when a nefarious actor appears. The FCA reports that between May 2021 and April 2022, it added 1,966 possible scams or frauds… Read More