May 7, 2025 @ 8:52 am By JD Alois  |  

Payments Fintech TrueLayer is reporting that it has surpassed $10 billion in payments in a single month. The company says this places them on a trajectory to transfer over $100 billion in one year. TrueLayer adds that during the first quarter, it added more than… Read More

May 6, 2025 @ 2:27 pm By JD Alois  |  

The UK is racing to create new rules to regulate the stablecoin sector. Stablecoins are typically tied to another asset, like fiat currency. There have also been algorithmic stablecoins issued, with one failing spectacularly. While stablecoins are frequently affiliated with crypto as stablecoin usage is… Read More

May 6, 2025 @ 12:53 pm By JD Alois  |  

Digital asset bank Syngum is reporting a “surge” in utilization of its off exchange custody service in regards to institutions using Binance. Sygnum is regulated in various jurisdictions. In Switzerland, the company holds a banking license and holds a CMS and Major Payments Institution approval… Read More

May 6, 2025 @ 12:40 pm By JD Alois  |  

OpenAI is one of the hottest private companies today. OpenAI is the creator of ChatGPT, the one AI [artificial intelligence] app that truly launched consumer AI into the mainstream. According to ChatGPT, it is currently in the process of raising $40 billion in a new… Read More

May 6, 2025 @ 11:29 am By JD Alois  |  

Latin American crypto firm Bitso has posted the list of participants in its global stablecoin startup accelerator, Push. Bitso said that over 300 companies applied to participate in the accelerator, with nine being approved as the first group in the Push Stablecoin Startup Accelerator. The… Read More

May 6, 2025 @ 11:08 am By JD Alois  |  

In advance of today’s hearing, the House Financial Services Committee and the Committee on Agriculture have distributed draft legislation that seeks to outline the regulatory environment for digital assets. The draft legislation is extensive, currently sitting at 212 pages. An 8-page section-by-section description is viewable here. Iterations of this… Read More

May 5, 2025 @ 5:38 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has thrown out another lawsuit targeting a digital asset firm. According to a release, Dragonchain and founder John Joseph Roets are now off the hook from civil litigation. In 2022, the SEC charged Dragonchain with raising $16.5 million in an “unregistered… Read More

May 5, 2025 @ 5:20 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has announced that it has put staff on leave pending an investigation into unnamed transgressions. Last month, the  Acting CFTC Chairman, Caroline Pham, issued a statement on the CFTC Office of Inspector General (OIG) Investigation into Allegations of Telework Violations… Read More

May 5, 2025 @ 5:05 pm By JD Alois  |  

Republic Digital Acquisition Company (Nasdaq:RDAGU) raised $300 million in an initial public offering (IPO) last week at $10 per share. The SPAC deal was initially reported to have raised $264 million. However, after the float was completed and the underwriters’ allotments were filled, the sale… Read More

May 5, 2025 @ 4:40 pm By JD Alois  |  

The House Financial Services Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence and the House Agriculture Subcommittee on Commodity Markets, Digital Assets, and Rural Development will hold a joint hearing to discuss the future of digital assets. Tomorrow (May 6, 2025), the two Subcommittees… Read More

May 5, 2025 @ 12:33 pm By JD Alois  |  

Tomorrow (May 6, 2025), the Securities and Exchange Commission (SEC), Small Business Capital Formation Advisory Committee (SBCFAC) will meet to discuss the Regulation A, or Reg A+, securities exemption. Reg A existed before the JOBS Act of 2012, but few issuers utilized the exemption. Following… Read More

May 5, 2025 @ 12:02 pm By JD Alois  |  

Tokenization or digital securities may represent the most significant opportunity for distributed ledger technology and the financial services sector. While largely overshadowed by crypto that exists outside the securities realm, regulated digital assets that represent equity, debt, or another type of investment could be a… Read More

May 5, 2025 @ 11:36 am By JD Alois  |  

The Financial Technology Association (FTA) has distributed an update on their policy position alongside Small Business Week. According to the FTA, the following are its top priorities regarding legislation that impacts Fintechs and smaller firms. Help Businesses Start: New businesses must navigate complex compliance and… Read More

May 2, 2025 @ 5:10 pm By JD Alois  |  

While crypto trading has boomed globally, few jurisdictions have bespoke rules that regulate it like more traditional exchanges. The UK Financial Conduct Authority is now seeking to bring crypto exchanges into a better-structured regulatory remit, and it is seeking feedback from interested parties. Earlier this… Read More

May 2, 2025 @ 8:25 am By JD Alois  |  

Stablecoins are poised to become payments 3.0 as the technology represents an upgrade to the existing global payments rails. In the UK, the government has just released draft legislation which is deemed to be nearly complete, designed to support privately issued digital currency. Today, the… Read More

May 1, 2025 @ 11:54 am By JD Alois  |  

Republic, the largest securities crowdfunding platform in the world, has launched a SPAC deal with the advent of Republic Digital Acquisition Company. According to a company statement, Republic Digital Acquisition aims to target a merger or purchase in the Fintech, software, and/or crypto sector. Republic… Read More

May 1, 2025 @ 8:12 am By JD Alois  |  

  In the midst of UK Fintech Week, ClearBank has published a report on the UK Fintech ecosystem, addressing its status in the country and what it needs to move forward and grow. The UK has long been a top global Fintech hub, supported by… Read More

April 30, 2025 @ 5:22 pm By JD Alois  |  

Tether, the top stablecoin issuer globally, has acquired a controlling stake in Adecoagro (NYSE:AGRO), according to a company statement. Tether purchased a 70% equity stake in Adecoagro, a Latin American company in the sustainability and agriculture sector. Adecoagro currently has a market cap of around… Read More

April 30, 2025 @ 3:59 pm By JD Alois  |  

Digital asset company Galaxy Digital Holdings (TSX:GLXY) expects to uplist to the Nasdaq on May 16, 2025. A special meeting of shareholders is expected to take place on May 9th to approve the move. Final approval will be from the exchange. Mike Novogratz, CEO and… Read More

April 30, 2025 @ 3:39 pm By JD Alois  |  

Digital Asset Acquisition Corp. (Nasdaq: DAAQ) has sold 17,250,000 units in an initial public offering, raising $172.5 million. There is an underwriters over allotment offer of an additional 2,250,000 units. Each unit includes one half of a redeemable warrant exercisable at a per-share price of… Read More