JD Alois

European Commission Asks Google, Apple, Microsoft, What Are They Are Doing to Counter Financial Scams

The European Commission is going after big tech again. This time, the Commission is demanding Apple, Google, Microsoft and Booking.com what they are doing to mitigate financial scams. The request falls under the EU Digital Services Act, as “very large online platforms and search engines… Read More

About 10% of Retail Investors Use AI to Pick Stocks

Artificial Intelligence (AI) is being incorporated into nearly everything we do. The advent of ChatGPT catapulted public perception of AI into the stratosphere, igniting a surge to integrate AI into all aspects of our existence. Stock trading, or equity recommendations, is also experiencing a significant… Read More

Nansen AI: Onchain Analytics Firm Announces Trading and Investigations AI Agent for Blockchain

Nansen, a blockchain analytics firm, has announced an Artificial Intelligence service called Nansen AI. According to a company statement, Nansen AI is the first purpose-built trading and investigative AI agent for onchain activity. Nansen says the service will enable investigations in minutes, not hours, and… Read More

Stablecoin Issuer Tether Raising New Money: Report

Stablecoin issuer Tether is raising new money. In a post on X from earlier today, Tether CEO Paolo Ardoino said they were “evaluating a raise from a selected group of high-profile key investors, to maximize the scale of the Company’s strategy across all existing and… Read More

SEC – CFTC Gather to Seek Regulatory Harmonization

The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) will meet on September 29 to discuss ways to harmonize regulatory matters more effectively. With the advent of digital assets, agency rules or characteristics of assets may overlap, causing confusion for issuers… Read More

House Financial Services Committee Sends Letter to SEC Supporting Inclusion of Alternative Assets in 401K Plans

The House Committee on Financial Services has sent a letter to the Chairman of the SEC, Paul Atkins, in support of the Executive Order that mandates the inclusion of alternative assets in 401 (k) plans. In the US, few firms offer pensions or defined benefit plans,… Read More

CFTC Pursues Tokenized Collateral for Derivatives Markets

The Commodity Futures Trading Commission (CFTC) will pursue the use of tokenized collateral, which will include stablecoins. This follows the GENIUS Act, which legalized payment stablecoins issued by private parties. Tokenized collateral is expected to be used in derivatives markets and is said to be… Read More

Eurocrowd Highlights Crowdfunding Platforms by Compliance

Last month, CI highlighted a report distributed by Eurocrowd that described the crowdfunding marketplace as struggling with compliance, which outlined six areas of concern for the sector. The report follows the harmonization of rules for the European crowdfunding sector under ECSPR, a new regulation that… Read More

P2P Lender Folk2Folk Appoints New CEO

Roy Warren, Managing Director of Folk2Folk, a peer-to-peer lending platform, is retiring and being replaced by Kawai Chung as Chief Executive Officer. According to a release, Warren is aiding in supporting a smooth transition. Warren, who became MD in 2019, will join the board as… Read More

Nothing Raised Money on Crowdcube, Gets $1.3 Billion Valuation in Series C Round

Nothing, a consumer tech firm that raised money on Crowdcube, has captured a $1.3 billion valuation following a $200 million Series C funding round. Tiger Global led the round. In a post on X, Nothing founder Carl Pei explained that the funding is the start… Read More

NVIDIA, OpenAI, Partner Up, NVIDIA Shares Move Higher

Shares of NVIDIA (NASDAQ:NVDA) have been down in the dumps in recent days due to challenges in China and questions regarding what exactly NVIDIA will be allowed to ship to the country, if at all. Today, things are looking up due to an announcement that NVIDIA and… Read More

DAT: Capital B Announces Purchase of 551 Bitcoin, Yield of 1,651.2%

Capital B (Paris:ALCPB), Europe’s first Bitcoin Treasury Company, or Digital Asset Treasury company (DAT), says it has purchased 551 Bitcoin while reporting a yield of 1,651.2%. This is not the first time the company has announced BTC purchases. The company has also confirmed the completion… Read More

Digital Bank: ZA Bank Tops One Million Users

ZA Bank, one of the first digital-only banks in Hong Kong, has announced that it has topped one million users. As most observers anticipate that bank branches will soon be a thing of the past, alongside gas lamps and buggy rides, ZA Bank is proving… Read More

EquityZen Reflects on 11 Years of Offering Multi-Company Funds

Secondaries platform EquityZen has issued a note marking 11 years of offering multi-company funds to investors. EquityZen specializes in powering a marketplace for private securities – firms that have yet to pursue an initial public offering. While pretty promotional, the public note has merit as… Read More

SEC Investor Advisory Committee Prepares Recommendations for Greater Access to Private Securities, Falls Short on Discriminatory Accredited Investor Definition

In a meeting of the Securities and Exchange Commission (SEC), Investor Advisory Committee (IAC), members approved recommendations pertaining to providing greater access to private securities for retail investors. The IAC was established under the Dodd-Frank Act, which authorizes the Committee to make recommendations to the… Read More

Canada: TradeOgre Has $56 Million Seized by Police

Cryptoasset seizure by the Royal Canadian Mounted Police (RCMP) and federal police in Eastern Canada, highlighting law enforcement’s involvement in cryptoasset regulation and crime prevention.

The Royal Canadian Mounted Police (RCMP) has announced that it seized CDN $56 million from TradeOgre, a crypto exchange. The RCMP claims that TradeOgre “contravened Canadian laws and regulations,” failing to register with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). The RCMP… Read More

Helius Closes $500 Million PIPE

Helius Medical Technologies (Nasdaq: HSDT) has closed on a $500 million PIPE as it pursues a Solana (SOL) Treasury Strategy. Solana is a high-performance blockchain that some predict will become the one blockchain to rule them all when it comes to institutional and financial services… Read More

Stablecoins: US Department of Treasury Seeks Public Comment on the Genius Act

The US Department of the Treasury is seeking public feedback on the implementation of the GENIUS Act, the legislation that legalized the issuance and usage of payment stablecoins. The Advance Notice of Proposed Rulemaking or ANPRM aims to garner insight into the new sector of… Read More

Kraken, Circle Partner on Stablecoins

Stablecoin issuer Circle (NYSE:CRCL) and crypto exchange Kraken have announced a partnership that is said to deepen their support for USDC and “expand access to a powerful suite of stablecoin infrastructure.” The agreement is said to provide users with access to increased liquidity, reduced conversion… Read More

Shares of Crypto Exchange Bullish Jump After BitLicense Approval

Bullish (NASDAQ:BLSH), a crypto exchange, saw its shares jump following the news it had received approval in New York for a BitLicense and Money Transmission License by the New York State Department of Financial Services (NYDFS).. While based in the US, Bullish has yet to provide services… Read More

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