March 31, 2022 @ 6:46 am By JD Alois  |  

Caduceus, a blockchain for metaverse infrastructure development, has raised $4 million, at an $80 million valuation, in an oversubscribed Series A round, according to the company. The funding was led by Susquehanna International Group, founded by Jeff Yass. Other investors include Bin Zayed Group, BlockFills,… Read More

March 30, 2022 @ 10:23 pm By JD Alois  |  

Tokenize Xchange (aka Tokenize), a Singapore-headquartered digital asset exchange, has joined the VerifyVASP alliance as it aims to create a seamless, compliant experience for its users of digital assets. According to a note from Tokenize, the company will utilize VerifyVASP’s network to connect with other… Read More

March 30, 2022 @ 8:17 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has posted its annual list of examination priorities emanating from the SEC Division of Examinations. Last year’s list included Fintech and Innovation including Digital Assets, this year’s list includes Emerging Technologies and Crypto-Assets, so a slight change. To quote… Read More

March 30, 2022 @ 5:02 pm By JD Alois  |  

  SEC Commissioner Hester Peirce has posted a dissenting opinion regarding the rule proposal addressing SPACs. As was previously reported, the Securities and Exchange Commission has issued a 372-page proposal for new rules pertaining to Special Purpose Acquisition companies [SPACs]. SEC Chairman Gary Gensler described… Read More

March 30, 2022 @ 4:14 pm By JD Alois  |  

A report from earlier today should come as no surprise as it is being predicted that Apple (NASDAQ:APPL) will move deeper into digital financial services or Fintech. According to Bloomberg, a person with knowledge of the matter said that Apple is building its own payments… Read More

March 30, 2022 @ 3:30 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has issued a statement proposing new rules impacting Special Purpose Acquisition companies or SPACs. The recent rise in the number of SPACs being utilized to bring a company public with less disclosure than a traditional initial public offering has… Read More

March 30, 2022 @ 12:29 pm By JD Alois  |  

Bitcoin, Ethereum, and other cryptocurrencies have recently experienced a solid rise in price. Bitcoin, the world’s most popular crypto is up by around 10% just this week. This week,  Noelle Acheson, Head of Market Insights at Genesis, shared her opinion on the bullish crypto market. Acheson… Read More

March 30, 2022 @ 11:57 am By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC), a vitally important entity for global securities markets, has announced two new Board members while pointing to their Fintech experience. DTCC has been deeply engaged in researching new technology, including blockchain, as it seeks to maintain relevance in… Read More

March 30, 2022 @ 10:14 am By JD Alois  |  

The Financial Technology Association (FTA) has added MoneyLion to its roster of members. MoneyLion is a mobile banking app or neobank that provides services in partnership with MetaBank. The FTA advocates on behalf of the growing Fintech sector providing an important voice within the District… Read More

March 30, 2022 @ 9:30 am By JD Alois  |  

LendingClub (NYSE: LC), once a marketplace lender and now a digital bank, is reporting that it has topped 4 million “members” adding that the milestone arrives a bit over a year since it morphed into a regulated bank. Amber Carroll, Senior Vice President of Membership… Read More

March 30, 2022 @ 9:00 am By JD Alois  |  

Upgrade, a Fintech that provides online loans and cards to consumers, has enlisted its 100th credit union, according to a corporate statement. The milestone arrived with the addition of Northwoods Credit Union. Upgrade explains that these partnerships let credit unions purchase loans and card receivables… Read More

March 30, 2022 @ 8:29 am By JD Alois  |  

Yesterday, the Banca D’Italia or Bank of Italy – the country’s central bank – issued a statement banning N26 from accepting new customers. The central bank said that the decision follows an on-site inspection that “revealed significant shortcomings in respect of anti-money laundering.” The Bank… Read More

March 29, 2022 @ 7:03 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has announced a consent order against defendants Abner Alejandro Tinoco, and his company, Kikit & Mess Investments, LLC. The order was entered in the Western District of Texas in regards to an enforcement action. The order imposes injunctive relief, including… Read More

March 29, 2022 @ 6:23 pm By JD Alois  |  

The House Committee on Financial Services has distributed its calendar of hearings for the month of April.  While subject to change, there are several topics of interest that may involve the Fintech sector. On April 27, the Committee will engage with the Consumer Financial Protection… Read More

March 29, 2022 @ 11:27 am By JD Alois  |  

Matugga Distillery, a Scottish Rum distillery, has surpassed its £300,000 funding target on Crowdcube in just two weeks, according to a note from the firm. Matugga Distillery is raising equity capital at a £1.252 million pre-money valuation. The offering which has captured 244 individual investors… Read More

March 29, 2022 @ 10:48 am By JD Alois  |  

Banked Ltd., a Fintech offering a payment method enabling users to pay directly from an existing mobile bank app, has been integrated into the leading investment crowdfunding platform Seedrs, according to a note from the company. Seedrs is now using Banked’s “Pay by Bank” technology…. Read More

March 29, 2022 @ 9:48 am By JD Alois  |  

As was recently reported, the European Parliament is poised to vote on regulation pertaining to the Transfer of Funds that will impact crypto-assets. The quote the European Commission: “The anonymity associated with crypto assets, as well as their speed and global reach bring obvious risks… Read More

March 29, 2022 @ 9:21 am By JD Alois  |  

Effectiv AI, a fraud and risk management Fintech, has announced a $4 million seed round led by Accel. REV (funded by RELX) and other angel investors participated in the funding round. Co-founded by ex-Simility executives which was acquired by PayPal in 2018, Effectiv seeks to… Read More

March 29, 2022 @ 8:15 am By JD Alois  |  

Berlin-based FUEL has announced that it has raised €1.5 million in pre-seed funding to create the “Shopify for NFTs,” according to a company statement. FUEL aims to empower creators to build an NFT shop that requires no coding knowledge. FUEL was co-founded by Csongor Barabasi,… Read More

March 28, 2022 @ 4:29 pm By JD Alois  |  

Senate Finance Committee Chairman Ron Wyden has issued a statement indicating he is investigating if crypto firms are using the Opportunity Zone program to “avoid taxes without significantly benefitting low-income communities.” Senator Wyden states that he has requested two crypto firms, Argo Blockchain (NASDAQ:ARBK) and… Read More