March 9, 2022 @ 7:58 am By JD Alois  |  

As was widely anticipated, the White House has posted an Executive Order targeting digital assets and cryptocurrencies. In a statement the White House explained their goal: “The rise in digital assets creates an opportunity to reinforce American leadership in the global financial system and at… Read More

March 9, 2022 @ 7:25 am By JD Alois  |  

mmob, a UK-based embedded finance provider, has raised £5 million in seed funding, according to a statement by the company. Founded in 2020, mmob is led by founder and CEO, Irfan Khan. mmob reports that a group of angel investors, as well as HNW individuals… Read More

March 9, 2022 @ 7:00 am By JD Alois  |  

Marqeta (NASDAQ: MQ) has announced that Citi Commercial Cards (NYSE:C) has selected its tokenization-as-a-service offering to facilitate the provisioning of cards into mobile wallets. Marqeta is a digital/physical card issuing platform that integrates with digital wallets enabling additional features and services. In recent years, virtual… Read More

March 8, 2022 @ 4:09 pm By JD Alois  |  

Coinbase (NASDAQ:COIN) has published a blog post on how it uses technology to adhere to sanctions compliance. The post follows the many economic sanctions that have been applied to Russia, and Belarus, following the unprovoked invasion of Ukraine. Coinbase notes that it has blocked over… Read More

March 8, 2022 @ 3:50 pm By JD Alois  |  

Planning to launch first in Miami, and then other cities around the world, ArkHAUS – a floating lifestyle club – is raising money on Republic. According to the offering page, ArkHAUS is seeking up to $1.07 million in a CrowdSAFE offering. The SAFE is separated… Read More

March 8, 2022 @ 3:28 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has charged Dwayne Golden of Florida, Jatin Patel of India, Marquis Egerton of North Carolina, and Gregory Aggesen of New York with fraud for operating a Ponzi scam involving Bitcoin. According to the CFTC, the four individuals fraudulently solicited more… Read More

March 8, 2022 @ 3:03 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has announced fraud charges against John and JonAtina (Tina) Barksdale – a brother and sister team that allegedly pursued two fraudulent digital token offerings that garnered $124 million from retail investors. In a parallel action, the U.S. Attorney’s Office… Read More

March 8, 2022 @ 10:45 am By JD Alois  |  

Yesterday, FinCEN, the enforcement branch of the US Department of Treasury, posted an Alert on “Increased Vigilance for Potential Russian Sanctions Evasion Attempts.” Russia, along with Belarus, have been targeted with economic sanctions designed to pressure these countries following the unprovoked invasion of Ukraine. FinCEN… Read More

March 8, 2022 @ 10:34 am By JD Alois  |  

Avalanche has announced the Avalanche Multiverse, a project designed to support blockchain-enabled gaming, DeFi, NFTs, and more. Avalanche is a speedy blockchain alternative that solves existing problems in legacy networks like Ethereum.  Because of its superior performance it has seen solid growth. In a blog… Read More

March 8, 2022 @ 9:14 am By JD Alois  |  

Multiple reports are claiming that the White House will issue an Executive Order on cryptocurrency at some point this week. The news follows days of concern from some policymakers that Russia and its elites may leverage crypto to evade the growing list of economic sanctions…. Read More

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

FOLK2FOLK, a peer-to-peer lender that aims to provide access to capital for UK SMEs, says it anticipates a £1.98 million profit for its 2021 fiscal year approximately 2X versus the year prior. Subject to audit, this is expected to be the company’s largest annual profit… Read More

March 7, 2022 @ 9:37 pm By JD Alois  |  

Atom Bank, a digital bank minus any physical branches, is planning to pursue an initial public offering (IPO) in 2023, according to the company. Atom recently completed a £75 million funding round valued at £435 million. The funding was led by BBVA who acquired a… Read More

March 7, 2022 @ 6:56 pm By JD Alois  |  

EY and Deloitte have joined their main competitors KPMG and PWC in exiting operations in Russia due to its invasion of Ukraine. EY explained in a series of tweets that it would continue to support its colleagues with financial support and more while ceasing operations…. Read More

March 7, 2022 @ 4:31 pm By JD Alois  |  

Towards the end of 2021, NowRX announced a Series C funding round on the securities crowdfunding platform SeedInvest. The Reg A+ offering was seeking preferred equity at a pre-money valuation of $275 million. Today, the offering is still live and over 5100 individual investors have… Read More

March 7, 2022 @ 4:16 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has posted its agenda for its upcoming meeting of the Investor Advisory Committee which will take place this week. The Committee has scheduled two-panel discussions: the first is about ethical artificial intelligence and “Robo-adviser” fiduciary responsibilities, and the second… Read More

March 7, 2022 @ 4:02 pm By JD Alois  |  

The UK Financial Conduct Authority (FCA) has issued a statement pertaining to EQONEX Limited and the Binance Group stating that Bifinity will advance a USD $36 million in a convertible loan to EQONEX. EQONEX is a firm based in Singapore that is listed on the NASDAQ… Read More

March 7, 2022 @ 3:11 pm By JD Alois  |  

In light of Russia’s invasion of Ukraine and the ensuing sanctions applied by the US government, the New York Department of Financial Services (DFS) has moved to shore up its ability to apply sanctions by expediting the purchase of blockchain technology. According to a statement… Read More

March 7, 2022 @ 12:05 pm By JD Alois  |  

Moody’s has downgraded Russia’s long-term issuer and senior unsecured debt ratings to Ca from B3. Moody’s said the “outlook is negative.” Obviously, this is due to the catastrophic leadership of President Vladimir Putin and his decision to invade Ukraine and its unprovoked war with the… Read More

March 7, 2022 @ 11:46 am By JD Alois  |  

Digital security marketplace tZERO ATS has started trading Myra Park, a property development in Dallas, Texas. Myra Park is being developed by MarketSpace Capital and is said to be the first security to commence trading on tZERO ATS following the launch of its self-clearing operations…. Read More

March 7, 2022 @ 11:06 am By JD Alois  |  

European investment platform, Estateguru has announced the launch of its services in the UK while opening an office in Manchester. Estateguru is based in Estonia but has long operated across Europe including Germany, Spain, Portugal, Finland, and, of course, Estonia. The company is known for… Read More