April 15, 2022 @ 4:26 pm By JD Alois  |  

Former Ripple advisor, Michael Barr has been nominated by President Joe Bident to become the Vice-Chair for Supervision of the Federal Reserve. The selection was announced by the White House earlier today. According to the administration, Barr is currently the Joan and Sanford Weill Dean… Read More

April 15, 2022 @ 4:10 pm By JD Alois  |  

A recent ruling in the ongoing legal battle between Ripple and the Securities and Exchange Commission (SEC) pertaining to the issuance of XRP and the allegation by the Commission it is in fact an unregistered security took a turn in favor of Ripple this past… Read More

April 15, 2022 @ 12:07 pm By JD Alois  |  

SEC Commissioner Hester Peirce is looking for an attorney to assist and advise on issues including crypto along with affiliated enforcement actions. Commissioner Peirce promoted the new position in a Tweet. As is well known, the Commissioner has been very supportive of Fintech innovation, along… Read More

April 15, 2022 @ 11:58 am By JD Alois  |  

  In a tweet, DeFi firm Equilibrium announced a partnership with Republic Crypto, part of the Republic group of companies. 🤝 We're proud to announce our collab with @joinrepublic @RepublicCrypto! 👀 Stay tuned for more exciting news, updates and much more! $EQ #DeFi pic.twitter.com/1PiRYdvV8g —… Read More

April 15, 2022 @ 11:03 am By JD Alois  |  

EQUibank, a financial services firm located in Dominica, continues to promote its ability to hold and manage your OTC crypto from a licensed and regulated bank. OTC trading typically entails larger transactions so access to liquidity providers, something EQUIBank says it has, can be helpful…. Read More

April 15, 2022 @ 10:21 am By JD Alois  |  

Terraform Labs has completed a “mind-blowing transaction” according to a blog post as it donates 10 million $LUNA at a value of around $880 million. TFL has gifted an additional 10 million $LUNA to the @LFG_org. https://t.co/tNirkgGGm0 — Terra 🌍 Powered by LUNA 🌕 (@terra_money)… Read More

April 14, 2022 @ 10:59 pm By JD Alois  |  

Wa’ed Ventures, the VC arm of Saudi Aramco Entrepreneurship Center, has signed a Memorandum of Understanding (MOU) to provide “ethically focused Fintech startups” with access to investment in the Kingdom of Saudi Arabia.  Maydan Capital, an investment platform based in the UK, has been enlisted to… Read More

April 14, 2022 @ 5:51 pm By JD Alois  |  

  Inflation is rising to record-breaking heights. The most recent reading indicated that inflation hit 8.5% in March – the highest in more than 40 years. Inflationary policies pursued by the current administration, the war in Ukraine, and COVID have combined to create a toxic… Read More

April 14, 2022 @ 5:21 pm By JD Alois  |  

The Bank of Canada, the central bank of the country, has revealed a partnership with Multiverse Computing to model out the adoption of cryptocurrency as a method of payment, according to a statement by the company. Multiverse Computing said this is the first central bank… Read More

April 14, 2022 @ 3:05 pm By JD Alois  |  

Observe.ai has raised $125 million in a Series C funding round bringing total funding for the firm to $213 million. The round was led by SoftBank Vision Fund 2 with participation from Zoom Video Communications. Other investors included  Menlo Ventures, Nexus Ventures, Scale Ventures, Emergent Ventures,… Read More

April 14, 2022 @ 12:03 pm By JD Alois  |  

It was reported recently that Zelle, a payments platform put together by really big banks, was mulling over whether or not to incorporate payments services at the point of sale. If you are into Fintech, or just a normal consumer, it is a no-brainer. But… Read More

April 14, 2022 @ 11:42 am By JD Alois  |  

Exodus Movement, Inc. (tZERO and Securitize ATS:EXOD), a non-custodial wallet, has announced that it now accepts fiat transfers from bank accounts to purchase cryptocurrency via its mobile app. Exodus is the first-ever issuer to raise the maximum amount allowable under the Reg A+ exemption. In… Read More

April 14, 2022 @ 11:28 am By JD Alois  |  

Yesterday, tZERO – a digital securities marketplace providing both primary issuance and secondary trading in securities, rang the NYSE opening bell. The Fintech was celebrating both the strategic investment by ICE (NYSE:ICE), the parent company of the NYSE, as well as the start of its… Read More

April 14, 2022 @ 7:20 am By JD Alois  |  

Elon Musk, the richest individual in the world, has filed a statement with the Securities and Exchange Commission indicating his intent to acquire Twitter (NYSE:TWTR). Shares jumped higher in early trading on the news. The Schedule 13D filing states: “On April 13, 2022, the Reporting… Read More

April 13, 2022 @ 5:12 am By JD Alois  |  

JULO, an online lender serving consumers in Indonesia, has raised $80 million in capital from Japan-based Credit Saison. The new funding is split between $30 million in equity plus a $50 million debt facility. Investors from previous rounds include Skystar Capital, Saratoga Investama, East Ventures,… Read More

April 12, 2022 @ 10:00 pm By JD Alois  |  

As has been previously reported, the European Union has approved pan-European securities crowdfunding or European Crowdfunding Service Providers Regulation (ECSPR). This means that issuers may solicit investors across all 28 EU member states. The new regulation enables early-stage firms to raise up to €5 million. Previously,… Read More

April 12, 2022 @ 9:53 pm By JD Alois  |  

Circle, the second largest stablecoin issuer in the world (USDC), has raised more money. The $400 million investment was backed by BlackRock,  Fidelity Management and Research, Marshall Wace LLP, and Fin Capital. Circle said in a public statement that the round would close in Q2…. Read More

April 12, 2022 @ 10:31 am By JD Alois  |  

Why should you use a traditional bank over a Fintech – either a neobank (non-chartered financial service provider) or a digital bank (chartered). Good question. Old banks tend to have lots of physical locations and lots of employees that are expensive to keep on staff…. Read More

April 12, 2022 @ 9:56 am By JD Alois  |  

Incubated by Node.Capital, ​​Embed has raised $4.5 million in a seed investment co-led by North Island Ventures and Aleph, with participation from DCG, Distributed Global and Morningstar Ventures, according to the company. Embed is an aspiring decentralized marketing solution that connects brands, creators, collections, and… Read More

April 12, 2022 @ 9:36 am By JD Alois  |  

Biz2Credit’s Small Business Lending Index for March indicates that loan approval rates rose during the month at banks as well as some non-bank lenders. Loan approvals at larger banks ($10m + in assets) reportedly rose from 14.7% in February to 14.9% in March, and small… Read More