February 13, 2022 @ 5:42 pm By JD Alois  |  

Last week, New Hampshire Governor Chris Sununu signed an executive order that establishes a Commission to review crypto and digital assets. the Goal is to support innovation in the state. The Governor stated: “New Hampshire is a hub of financial innovation, and this Executive Order… Read More

February 13, 2022 @ 3:37 pm By JD Alois  |  

ABC Fintech is an early-stage investment platform in the real estate sector. The company is leveraging blockchain technology to fractionalize commercial real estate to streamline the investment process for individuals. ABC Fintech, which stands for “asset backed crypto” is currently raising growth capital on Wefunder…. Read More

February 13, 2022 @ 1:12 pm By JD Alois  |  

Republic’s venture into the Metaverse – Realm has rebranded as Everyrealm raising $60 million in Series A funding in the process. A securities filing from last week indicated that more than 30 investors participated in the funding round. Republic is a leading online capital formation… Read More

February 12, 2022 @ 11:40 am By JD Alois  |  

Last week, the SEC Small Business Capital Formation Advisory Committee (SBCFAC) held a meeting to discuss the definition of an accredited investor. As CI has frequently covered in the past, this definition determines who may, or who may not, participate in Reg D securities offerings…. Read More

February 12, 2022 @ 11:03 am By JD Alois  |  

Chronicle, a “digital collectibles marketplace,” has announced a secondary marketplace, auctions, and crypto integrations. Simultaneously, Chronical has announced that it will enable payments from USDC, the dollar-based stablecoin issued by Circle. Launched last year, the NFT platform targets a global market that offers “authenticated” digital… Read More

February 11, 2022 @ 6:58 pm By JD Alois  |  

The US Securities and Exchange Commission (SEC) has filed charges against Wahed Invest, a “robo-advisor,” for “misleading statements and breaching its fiduciary duty, and for compliance failures.” Wahed has consented to the, without admitting or denying the SEC’s findings, while paying a penalty. Wahed Invest… Read More

February 11, 2022 @ 5:43 pm By JD Alois  |  

In a bit of good news for the crypto mining sector and staking platforms, it is being reported that crypto miners and stakers will not have to report transactions to the US Internal Revenue Service (IRS). The news was posted by Bloomberg who stated it… Read More

February 11, 2022 @ 5:07 pm By JD Alois  |  

An email distributed this week by Tokeny CEO Luc Falempin provided some perspective as to why Tokeny opted to utilize Polygon as opposed to other blockchain options. Tokeny is a leading European tokenization or digital security platform. The Luxembourg-based firm is building compliance technology for… Read More

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

Crowdcube, a leading European investment platform, is promoting the overall returns generated by investors. The crowdfunding platform recently tweeted out a link to a page that outlines some of the issuers that have created positive returns for its investors. According to Crowdcube, “over 50,000 investors… Read More

February 10, 2022 @ 5:44 pm By JD Alois  |  

Earlier this week, the House Committee on Financial Services held a hearing on stablecoins or digital assets tied to fiat currency. The Hearing was driven by the recent report by the President’s Working Group (PWG) on Financial Markets. While stablecoins are not (yet) systemically worrisome,… Read More

February 10, 2022 @ 3:54 pm By JD Alois  |  

As part of a SPAC deal, Binance will invest $200 million in Forbes – the largely business-focused publication. Last year, it was announced that Forbes would merge with SPAC sponsor Magnum Opus Acquisition Ltd (OPA.N), a blank check firm targeting the global consumer, technology, and media… Read More

February 10, 2022 @ 3:11 pm By JD Alois  |  

LendIt Fintech has announced the winners of the fifth annual LendIt Fintech Industry Awards. The awards announcement coincided with an event in Miami, Florida that incorporated a gala dinner. Following the conclusion of the second day of the inaugural Nexus Dealmakers Summit, the Awards brought… Read More

February 10, 2022 @ 9:10 am By JD Alois  |  

LendingClub (NYSE: LC), one of the few nationally chartered digital banks in the US, has appointed a new Chief Technology Officer. LendingClub states that Balaji Thiagarajan will now manage the Fintech’s tech stack as its CTO. Thiagarajan joins LendingClub’s executive leadership reporting directly to CEO Scott… Read More

February 10, 2022 @ 9:00 am By JD Alois  |  

Draper Goren Holm, a VC group that is focused on blockchain technologies including DeFi and digital assets – including securities, is returning to an in-person gathering in 2022 as COVID shutdowns diminish. This coming May, DGH will bring together noted crypto investors Tim Draper, Anthony… Read More

February 9, 2022 @ 7:08 pm By JD Alois  |  

SaNOtize, an OurCrowd portfolio company, has shown to be 99% effective against COVID-19 in a phase three trial, according to a note distributed by OurCrowd. Simultaneously, the treatment has received regulatory approval in India. OurCrowd has participated in the funding of the firm providing access… Read More

February 9, 2022 @ 4:39 pm By JD Alois  |  

Marqeta (NASDAQ: MQ) has hired Mike Milotich as the company’s new Chief Financial Officer, effective February 22, 2022, according to a company statement. Milotich is said to have been at Visa for ten years most recently as Senior Vice President of Investor Relations and Corporate… Read More

February 9, 2022 @ 10:25 am By JD Alois  |  

The Wall Street Blockchain Alliance (WSBA) has announced various working groups to tackle specific issues within the blockchain sector. WSBA advocates on behalf of blockchain technology, such as tokenization, within the financial services sector. Ron Quaranta, Chairman of WSBA, commented: “Given the impact and importance… Read More

February 9, 2022 @ 10:09 am By JD Alois  |  

  Apple (NASDAQ:AAPL)  announced yesterday that soon it will accept merchant payments directly on an iPhone, turning the mobile phone into a payments terminal. The “Tap to Pay” service utilizes the iPhone’s NFC (near field communication) technology that has been incorporated into the devices for… Read More

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

Anti-money laundering (AML) fines had a blockbuster year in 2021, according to a report by Kyckr. The data firm recently posted a report on AML occurrences around the globe indicating that while the total amount of fines dipped in 2021 the number of institutions that… Read More

February 8, 2022 @ 11:32 am By JD Alois  |  

Modulr, a Fintech providing Payments as a Service API, has partnered with regional bank Hodge to power a real-time digital banking experience to its customers. This is the first time Modulr has partnered with a traditional bank in this method. Modulr’services enable businesses to automate… Read More