May 10, 2022 @ 9:21 am By JD Alois  |  

There has been a certain amount of panic and a large amount of discussion regarding UST (TerraUSD), an algorithmic stablecoin ostensibly pegged to the US dollar, losing its one-to-one valuation. Currently, UST is recovering trading around $0.9273 but in the past 24 hours, UST traded… Read More

May 9, 2022 @ 9:25 pm By JD Alois  |  

Accelerated Payments, an invoice financing and SME credit platform, has appointed Steven Conrad as Vice President of Business Development for North America as the Fintech looks to boost its lending activity on the continent. Conrad will be based in Toronto. Accelerated Payments noted that the… Read More

May 9, 2022 @ 9:11 pm By JD Alois  |  

Genesis, a HNW and institutional crypto prime brokerage, has distributed its April report on digital asset markets and it is rough. According to Genesis, Bitcoin delivered its worst April on record, with a drop of approximately 18%. Of course, we are part way through May… Read More

May 9, 2022 @ 5:26 pm By JD Alois  |  

SPACs, once red hot topping the traditional IPO market, have dimmed in recent months as the Securities and Exchange Commission has proposed new rules that may make the financing vehicle less viable. Today, the most prominent investment bank in the US, Goldman Sachs (NYSE:GS), has… Read More

May 9, 2022 @ 3:50 pm By JD Alois  |  

Cion Digital reports that it has expanded into Canada to enable auto dealers to support car purchases using crypto. Cion say that crypto may also be utilized for both payments and lending. In a release, Fred Brothers, President, and co-founder of Cion Digital, stated: “With… Read More

May 9, 2022 @ 3:16 pm By JD Alois  |  

Mentum, a Latin American-focused Fintech, has raised a $4.2 million seed round led by Google’s Gradient Ventures. Other investors include Global Founders Capital, TwentyTwo VC, Soma Capital, Y Combinator, and the co-founders of Plaid and Jeeves. Mentum made the announcement last month sharing that they… Read More

May 9, 2022 @ 11:58 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has extended the comment period on proposed ESG rules that may compel public firms to disclose their climate risks and impact on the environment. The SEC has received broad criticism in regards to the rushed nature of the rulemaking… Read More

May 9, 2022 @ 10:52 am By JD Alois  |  

A Twitter thread by CrypTones, an individual who says they are a securities attorney working for a crypto firm, said the Otherside NFT sale is unregistered security as it checks all of the boxes under the Howey Test. OtherSideMeta is a project created by YugaLabs,… Read More

May 9, 2022 @ 10:22 am By JD Alois  |  

Announced last week, the Securities and Exchange Commission (SEC) revealed its intent to step up its crypto enforcement actions with a newly renamed Crypto Assets and Cyber Unit doubling its headcount. The SEC outlined its reinvigorated mission as targeting digital asset offerings, crypto exchanges, lending… Read More

May 9, 2022 @ 9:15 am By JD Alois  |  

LedgerEdge has announced a regulated bond trading platform that utilizes distributed ledger technology (DLT or blockchain). LedgerEdge has selected Corda’s R3 permissioned blockchain to power the trading platform. LedgerEdge shares that it is targeting the $41 trillion global corporate bond market, much of which is… Read More

May 9, 2022 @ 9:00 am By JD Alois  |  

Valia Ventures, an early-stage VC firm, has closed on $50 million in commitments for an oversubscribed second fund – Valia Ventures II. Valia Ventures II is described as bringing together a strategic group of limited partners including startup founders, technology executives, international family offices, and… Read More

May 8, 2022 @ 6:38 pm By JD Alois  |  

Last week it was reported that the Securities and Exchange Commission (SEC) was doubling the size of its crypto enforcement team. The SEC also revealed that it had rebranded its Cyber Unit to the Crypto Assets and Cyber Unit to reflect its additional focus on… Read More

May 8, 2022 @ 4:45 pm By JD Alois  |  

Senator Elizabeth Warren and Senator Tina Smith have sent a letter to Abigail Johnson, CEO of Fidelity Investments, taking her to task for allowing investors to include Bitcoin in their retirement accounts. Late last month, Fidelity announced the move claiming its workplace Digital Assets Account… Read More

May 8, 2022 @ 12:13 pm By JD Alois  |  

EY’s Entrepreneur of the Year – New York,  list of finalists has been posted and multiple Fintech founders are on the list. Kendrick Nguyen, CEO and founder of Republic is on the list. Republic has delivered a stellar year having raised money, purchased an international… Read More

May 8, 2022 @ 10:26 am By JD Alois  |  

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has targeted a crypto mixer platform for the very first time. According to a statement by Treasury, Blender.io (Blender) has been sanctioned by the US government. Blender is utilized by North Korea  for… Read More

May 7, 2022 @ 5:21 pm By JD Alois  |  

This past week, Stripe announced an open banking (or open finance) initiative with Stripe Financial Connections. Stripe laid out its plans explaining they were “enabling businesses to establish direct connections with their customers’ bank accounts that power a wide range of financial processes.” This is… Read More

May 6, 2022 @ 5:29 pm By JD Alois  |  

RentBerry, a long-term rental platform, is raising money on StartEngine using Reg A+. According to the offering page, Rentberry has topped $8.5 million from more than 5000 investors. The security offered is common shares at a pre-money valuation of $25 million. The Proptech hopes to… Read More

May 6, 2022 @ 3:12 pm By JD Alois  |  

Huobi Group has received approval to operate as a Money Services Business (MSB) in the United States, according to a statement by the company. Huobi is a public firm with its shares trading in Hong Kong (HKEX:Huobi Tech). Huobi Group was founded in 2013 and… Read More

May 6, 2022 @ 2:36 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has once again filed fraud charges against a crypto operation. The SEC alleges that MCC International Corp. (MCC), which does business as Mining Capital Coin Corp., its founders Luiz Carlos Capuci, Jr. (aka Junior Caputti or Capuci) and Emerson… Read More

May 6, 2022 @ 11:35 am By JD Alois  |  

Brickowner, a property investment platform, has revamped with a new and improved offering for its investors. Launched in 2017, Brickowner says it wants to enable investments in minutes – not weeks. The Proptech provides a full-stack service for developers, fund managers as well as property investors…. Read More