March 17, 2022 @ 10:05 am By JD Alois  |  

As inflation rages higher, the Bank of England announced it was raising its benchmark rate by 25 basis points to 0.75%. One voting member preferred to leave rates unchanged. The BoE said that developments since the February Report are likely to accentuate both the peak… Read More

March 17, 2022 @ 9:06 am By JD Alois  |  

OTC Markets Group (OTCQX: OTCM), a marketplace for domestic and international securities, states that it has signed an agreement to acquire the assets of Blue Sky Data Corp, a provider of equity and debt compliance data regarding state “Blue Sky” securities rules and regulations. Many… Read More

March 17, 2022 @ 8:51 am By JD Alois  |  

Arca has hired three new executives according to a company release. Arca is a digital asset platform that is compliance first, aiming to enable sophisticated investors access to the fast growing digital asset industry.  Arca reports that it has been building “institutional-inspired” processes as financial… Read More

March 16, 2022 @ 11:54 pm By JD Alois  |  

Peer-to-peer lending platform Robo.cash has announced the launch in Sri Lanka with new commercial loans. Operating under  Robocash Group in Sri Lanka, the online lending platform now allows users to invest in loans for a period of 3 years at 12.5% with monthly interest payments,… Read More

March 16, 2022 @ 10:38 pm By JD Alois  |  

Funding Societies, a leading Asian online investing marketplace, says it will purchase up to $16 million in employee securities to provide current and former employees liquidity. Last month, Funding Societies announced a $294 million funding round led by SoftBank. Under the plan, all eligible former… Read More

March 16, 2022 @ 4:28 pm By JD Alois  |  

doxo, a platform aiming to modernize the $4.61 trillion household bill pay industry, has raised $18.5 million in Series C funding. The round was led by Jackson Square Ventures, a VC that backs early-stage software businesses. Existing investors also participated in the round. A valuation… Read More

March 16, 2022 @ 2:51 pm By JD Alois  |  

Financial Technology Association (FTA) CEO Penny Lee has published an Op-Ed on Buy Now-Pay Later (BNPL) services a Fintech service that has suffered from “misinformation.” BNPL services are frequently at the point of sale when a purchaser is given the option for credit to pay… Read More

March 16, 2022 @ 2:28 pm By JD Alois  |  

Exodus, a multi-asset software wallet that aims to make crypto and digital assets easy for everyone, has commenced trading its security on Securitize Markets. Securitize is a digital asset securities firm that operates an Alternative Trading System (ATS). Exodus is a unique digital security. It… Read More

March 16, 2022 @ 9:25 am By JD Alois  |  

BNP Paribas Securitizaties Services, part of BNP Paribas the bank – the largest bank in France and one of the largest banks in the world, has issued a statement explaining their point of view as to how blockchain (or distributed ledger technology – DLT) and… Read More

March 16, 2022 @ 8:13 am By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC) has announced the launch of enhanced Institutional Trade Processing (ITP) service, ITP Data Analytics. According to DTCC, the new service includes analytical tools that enable Broker/Dealers and Investment Managers to measure and compare their operational performance against peers… Read More

March 16, 2022 @ 8:02 am By JD Alois  |  

emerchantpay and Propel have announced a new partnership to collaborate on “finance card payment terminals,” according to a statement by the two companies. emerchantpay is a global payment service provider for online, mobile, in-store, and over-the-phone payments. Propel is a specialist asset finance lender, helping… Read More

March 15, 2022 @ 4:00 pm By JD Alois  |  

OurCrowd has been an active Foodtech investor for years now. Before Beyond Meat went public, OurCrowd was serving the plant-based meat alternative at its annual global investor event. Of course, Beyond Meat eventually IPOed on the Nasdaq providing an exit for early investors. Currently, OurCrowd… Read More

March 15, 2022 @ 3:30 pm By JD Alois  |  

Following questions regarding sufficient support in the US Senate, Sarah Bloom Raskin has decided to pull her name for consideration as a Federal Reserve Board Member. Yesterday, Senator Joe Manchin indicated he would not vote to confirm her nomination – potentially leaving the Senate without… Read More

March 15, 2022 @ 11:56 am By JD Alois  |  

SEC Commissioner Allison Herren Lee has announced her pending departure from the Commission. According to a statement, Lee’s term expires this June and she has decided to exit the top US securities regulator at that time. Commissioner Lee issued the following statement: “My term as… Read More

March 15, 2022 @ 11:38 am By JD Alois  |  

The unprovoked invasion by Russia attacking Ukraine has impacted global markets driving risk higher and causing extreme volatility in all markets. The war has also impacted online investing – crowdfunding – according to Crowdfund Capital Advisors (CCA). CCA co-founder Sherwood “Woodie” Neiss tweeted today that… Read More

March 15, 2022 @ 11:29 am By JD Alois  |  

Consensys has announced a Series D funding round that values the firm at over $7 billion – more than double its Series C round last November. According to a statement by Consensys, the firm raised $450 million in a round led by ParaFi Capital joined… Read More

March 15, 2022 @ 11:08 am By JD Alois  |  

Last week, the White House issued an Executive Order on digital assets that outline an approach to regulating the emerging industry. While many details remain to be disclosed, and multiple agencies will be involved in building a regulatory strategy, the crypto industry was relieved that… Read More

March 15, 2022 @ 9:57 am By JD Alois  |  

Michele Korver has joined a16z Crypto as its new Head of Regulatory. According to a note from a16z, Korver has a reputation as the DOJ [Department of Justice] “crypto czar” having spent more than 25 years in government and law enforcement. Korver started her career… Read More

March 15, 2022 @ 9:38 am By JD Alois  |  

PostNord Strålfors, part of the PostNord Group, has partnered with European open banking provider Tink, a company that was recently purchased by Visa. PostNord Strålfors operates in the Nordic region and offers corporate communication management and services. The company reports that it is the largest… Read More

March 15, 2022 @ 9:07 am By JD Alois  |  

Crypto exchange Bitstamp has hired James Greenwood as Chief Technology Officer. Greenwood is a former banker having worked for both traditional and digital platforms. According to a statement from the company, Greenwood’s most recent position was as Chief Product Officer at Zand Bank (UAE), where he… Read More