October 4, 2021 @ 4:04 pm By JD Alois  |  

Trovio Capital Management (TCM) has announced the creation of the Digital Asset Income Fund for investing in stablecoin based decentralized finance (DeFi) protocols. TCM is a subsidiary of The Trovio Group based in Australia. The Fund is said to be institutional-grade to enable a safe… Read More

October 4, 2021 @ 3:15 pm By JD Alois  |  

Congressman Patrick McHenry and Congressman Tom Emmer have joined to introduce new micro-offering legislation. McHenry is the ranking member on the House Financial Services Committee. Both McHenry and Emmer have long been supportive of financial innovation and small businesses in general. The Small Entrepreneurs’ Empowerment… Read More

October 4, 2021 @ 9:37 am By JD Alois  |  

The US Federal Reserve is poised to publish a report on the possibility of a central bank digital currency or CBDC. The concept has been bandied about by central bankers for several years now as policymakers seek to assess the benefits, and potential pitfalls, of… Read More

October 4, 2021 @ 9:09 am By JD Alois  |  

Buy now, pay later (BNPL) services are poised to replace credit cards as the preferred payment method for higher-cost purchases. By automating the borrowing process, consumers may save money by paying a lower interest rate in an installment loan-like service. BNPL’s have boomed in the… Read More

October 4, 2021 @ 8:46 am By JD Alois  |  

Birchal, the top investment crowdfunding platform (called crowd-sourced funding or CSF) in Australia, is reporting that September 2021 is the biggest quarter ever for the industry. According to Birchal, crowdfunding in Australia jumped by 110% versus same quarter year prior. Platforms raised $19.4 million from… Read More

October 3, 2021 @ 7:31 pm By JD Alois  |  

Timelio, a platform that provides working capital solutions so merchants get paid immediately, has raised $270 million in a debt facility led by Goldman Sachs. According to a company release, Timelio has successfully transitioned long-term marketplace investors, to offer them a position in the warehouse… Read More

October 1, 2021 @ 6:43 pm By JD Alois  |  

Recently, loanDepot (NYSE:LDI) was hit with a lawsuit by a former executive that alleges fraudulent activity at the online mortgage lender. In a filing dated September 21, 2021, Tammy Richards alleged that loanDepot allowed an environment that enabled sexual harassment and gender discrimination.  Additionally, Richards… Read More

October 1, 2021 @ 3:34 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has charged several individuals in regard to allegations of FOREX and Bitcoin fraud. The CFTC states that an enforcement action has been filed in the U.S. District Court for the District of Massachusetts against Uduakobong Udo Inyangudo a/k/a Alexander… Read More

October 1, 2021 @ 12:19 pm By JD Alois  |  

This week, Rohit Chopra was confirmed as the next Director of the Consumer Financial Protection Bureau (CFPB). The CFPB is a relatively new financial regulator created as part of the Dodd-Frank legislation that emerged following the great recession. The mission of the CFPB is to… Read More

October 1, 2021 @ 9:54 am By JD Alois  |  

LendingBlock, a Gibraltar licensed DLT provider, will officially commence crypto lending on Monday (October 4, 2021) according to posts on Telegram. Gibraltar has positioned itself as a jurisdiction that is digital asset friendly in a regulatory compliant ecosystem. LendingBlock states: “Lendingblock opens for business Monday,… Read More

September 30, 2021 @ 10:55 am By JD Alois  |  

Affirm (NASDAQ:AFRM), one of the leading buy now, pay later (BNPL) platforms is adding crypto to its services. As part of its “super app” mission, Affirm will allow its users to buy and sell crypto. Users that hold a savings account will be able to… Read More

September 30, 2021 @ 10:39 am By JD Alois  |  

China’s policy approach to cryptocurrency is pretty clear. It’s not allowed. While there have been ways to skirt the rules the vice has been tightening for quite some time now. A recent statement by the People’s Bank of China clarified things: “Bitcoin and other virtual… Read More

September 30, 2021 @ 9:25 am By JD Alois  |  

Curve, a Fintech that is on a mission to become a “financial super app,” has posted its annual report. The results are for the period ending December 2020. Curve operates in the UK and the EEA countries reporting 2.6 million customers as of June 2021…. Read More

September 29, 2021 @ 11:29 pm By JD Alois  |  

EML Payments (ASX: EML) has received approval by French and UK regulators to complete its acquisition of Sentenial Limited including its Nuapay Brand. EML states that the acquisition positions it as a global leader in Open Banking and card payments. EML is acquiring Sentenial, including… Read More

September 29, 2021 @ 11:14 pm By JD Alois  |  

Following approval by the Australian Competition and Consumer Commission, TrueLayer, an open banking platform, has announced the launch in Australia and the promotion of Brenton Charnley to CEO of Australia & New Zealand, according to a statement by the company. Brenton joined TrueLayer in Sydney… Read More

September 29, 2021 @ 7:27 pm By JD Alois  |  

The North American Securities Administrators Association (NASAA), the entity that represents state and provincial securities regulators, has distributed its annual Enforcement Report. In a public statement, NASAA said there have been a growing number of investigations and enforcement actions involving, precious metals, self directed IRAs,… Read More

September 29, 2021 @ 7:05 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has filed charges against 14 entities for either failing to register as futures commission merchants (FCMs) or else making false and misleading claims of having CFTC registration and National Futures Association (NFA) membership. The CFTC is pursuing cease and… Read More

September 29, 2021 @ 3:49 pm By JD Alois  |  

Betterment, a leading Robo-advisor, has raised $160 million in growth capital. The investment includes $60 million in Series F equity capital and $100 million credit facility. Betterment received a valuation of over $1.3 billion. According to a company release, the equity investment was led by… Read More

September 29, 2021 @ 3:26 pm By JD Alois  |  

FINMA, the Swiss financial regulatory, has approved Crypto Finance to become the first regulated crypto asset fund. Crypto Finance’s fund will be administered by PvB Pernet von Ballmoos AG with custody handled by SEBA Bank AG. As was previously reported, SEBA has just received approval… Read More

September 29, 2021 @ 12:48 pm By JD Alois  |  

SEBA Bank, a FINMA licensed Swiss Bank that works with both digital and traditional assets, has been granted a license to act as a custodian bank for Swiss collective investment schemes. SEBA states that it is the first entity to be granted this type of… Read More