August 12, 2021 @ 3:53 pm By JD Alois  |  

Trading in securities of private companies is growing in importance. While most private firms anticipate an exit event as being an initial public offering on an exchange or an acquisition by another firm – events like this tend to take quite some time, typically counted… Read More

August 12, 2021 @ 10:56 am By JD Alois  |  

Zilch, a buy now – pay later (BNPL) Fintech, has acquired NepFin in a move to expand the company’s offerings in the United States. The terms of the deal were not disclosed. Neptune Financial, or NepFin, is a commercial lending Fintech that provides debt funding… Read More

August 12, 2021 @ 10:30 am By JD Alois  |  

The enforcement drums are pounding at the Securities and Exchange Commission (SEC) when it comes to digital assets. At the top of the list are trading platforms that may be skirting established securities laws, especially when the Commission believes they are enabling the buying and… Read More

August 12, 2021 @ 8:48 am By JD Alois  |  

London-based BPC banking technology is reporting that PPCBank in Cambodia has is now using its SmartVista platform. SmartVista is being utilized to centralize their payment switching activity, manage and monitor their ATM and POS networks. The bank says that it is responding to the country’s… Read More

August 11, 2021 @ 3:22 pm By JD Alois  |  

The hack of Poly Network that pilfered over $600 million is the largest DeFi theft ever. While Poly Network reports having retrieved some of the crypto, hundreds of millions in digital assets are still yet to be returned.   $260 million (As of 11 Aug… Read More

August 11, 2021 @ 2:54 pm By JD Alois  |  

Paybright, part of Affirm  (NASDAQ:AFRM), is now live and in the wild on the Apple Store for Canadian purchasers. As was previously reported, Apple (NASDAQ:AAPL) is incorporating Paybright, a Canadian BNPL (buy now, pay later), to facilitate purchases. As there is no interest fee you… Read More

August 11, 2021 @ 11:07 am By JD Alois  |  

In a recent round of correspondences launched by Senator Elizabeth Warren, a noted crypto skeptic, SEC Chairman Gary Gensler responded with a request for additional authority to regulate digital asset exchanges. Gensler said that legislative priority should center on crypto trading, lending and DeFi platforms…. Read More

August 11, 2021 @ 10:18 am By JD Alois  |  

ION Markets has announced the extension of the partnership with UBS Bond Port, connecting the former’s LatentZero buy-side clients to the latter’s Bond Port trading platform. ION Markets is a provider of trading, analytics, and risk management solutions for institutional markets,   Bond Port is now… Read More

August 11, 2021 @ 9:45 am By JD Alois  |  

Upgrade has raised $105 million in a Series E funding round at an upsized valuation of $3.325 billion according to a company release. Koch Disruptive Technologies (KDT), the investment subsidiary of Koch Industries, led the funding with both new and existing investors participating in the… Read More

August 10, 2021 @ 10:08 pm By JD Alois  |  

Poly Network has lost some crypto in an apparent hack. In fact, Poly Network has lost over $600 million in what is said to be the largest DeFi attack ever. In a series of tweets, Poly Network named the locations of the missing crypto.  … Read More

August 10, 2021 @ 5:02 pm By JD Alois  |  

Earlier today the US Senate voted on a massive bill that, while labeled infrastructure, included a cornucopia of pet projects and unrelated policy goals. Squirreled away in the legislation was language designed to raise revenue by taxing crypto transactions as well as broadly defining the… Read More

August 10, 2021 @ 4:23 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC), has announced a consent order against BitMEX and its affiliated entities. The order stems from a CFTC action filed on October 1, 2020, against BitMEX and its three individual founders, Arthur Hayes, Benjamin Delo, and Samuel Reed. The CFTC’s… Read More

August 10, 2021 @ 3:00 pm By JD Alois  |  

In June, Columbus, Ohio-based Lower, a home finance Fintech, raised $100 million in a Series A Funding round, led by Accel. Ohio is not known to be a tech hotbed like New York City or the Bay Area and at the time. Lower said the… Read More

August 10, 2021 @ 12:03 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has issued a notice that the US District Court, Southern District of Texas, has issued a consent order in regards to the Global Trading Club (GTC) and affiliated individual Mayco Alexis Maldonado Garcia, and a separate consent order against Cesar Castaneda and… Read More

August 9, 2021 @ 5:00 pm By JD Alois  |  

Stablecoin creator and payments rails operator Circle says it intends on becoming “a full-reserve national commercial bank.” In a blog post, Circle founder and CEO Jeremy Allaire expanded on their mission to become a federally chartered bank. Allaire stated: “We are embarking on this journey alongside the… Read More

August 9, 2021 @ 4:10 pm By JD Alois  |  

Blocktrade SA, a Luxembourg-based digital asset exchange, says it has closed an over-subscribed €22 million series A funding round that garnered investors from 33 different countries. Blocktrade states that it has a vision of building an ecosystem around digital assets. Blocktrade recently hired a new… Read More

August 9, 2021 @ 12:23 pm By JD Alois  |  

A new amendment has been crafted by both sides regarding crypto and inclusion in the infrastructure legislation. As has been reported previously, the initial language in the legislation was deemed “unworkable” and hammered by the digital asset industry as “disastrous.” Soon a fix was in… Read More

August 9, 2021 @ 11:45 am By JD Alois  |  

SEC Commissioner Hester Peirce, long a supporter of Fintech innovation, has issued a statement in the wake of the enforcement action taken by the Commission against Poloniex, a crypto exchange. As was reported earlier today, Poloniex has settled the SEC’s allegations of operating an unlicensed… Read More

August 9, 2021 @ 10:26 am By JD Alois  |  

Irish peer-to-peer lender Linked Finance says it is on track for a record year, reporting the strongest monthly lending volume in the platform’s 7-year history, according to a note from the company. Linked Finance says it lent €5.5 million in July, more than 3X July… Read More

August 9, 2021 @ 9:17 am By JD Alois  |  

In what may be the first of many, the Securities and Exchange Commission has announced charges against Poloniex for operating an unregistered digital asset exchange. Poloniex has settled with the SEC by agreeing to pay a $10.4 million penalty. Poloniex settled without admitting or denying… Read More