March 12, 2025 @ 10:43 am By JD Alois  |  

The UK Payment Systems Regulator (PSR)will be shuttered by the UK government. The move is described as reducing “red tape” or “unnecessary regulation” to improve growth by reducing the burdens ladled upon businesses. The PSR oversees payment systems like card rails. Its responsibilities will be… Read More

March 12, 2025 @ 9:00 am By JD Alois  |  

Digital security enabler Securitize has announced that it will utilize Redstone as its blockchain oracle to support tokenized assets on DeFi ecosystems. Securitize is one of the leading, regulated  tokenization platforms in the world. The company works with big institutions including Apollo, BlackRock, Hamilton Lane,… Read More

March 11, 2025 @ 6:10 pm By JD Alois  |  

The House of Representatives has passed HJ Res 25, which seeks to rescind the Biden Administration’s ‘Broker Rule’, which undermined digital assets. The Senate is considering an identical document, SJ Res. 25. Introduced soon after President Trump took over the White House, the Resolution will… Read More

March 11, 2025 @ 5:28 pm By JD Alois  |  

Crypto payments network Mesh is reporting a Series B funding round of $82 million. The company states that it has raised $120 million to date. As a novelty, the funding was managed using PayPal USD (PYUSD). The funding was led by Paradigm, with participation from… Read More

March 11, 2025 @ 3:41 pm By JD Alois  |  

Robinhood (NASDAQ: HOOD) has been penalized by FINRA for allegations of certain regulatory transgressions. According to the FINRA documents, Robinhood Securities must pay a fine of associated with a “failure to detect investigate, or report a wide variety of suspicious activity, including manipulative trading, suspicious… Read More

March 11, 2025 @ 3:09 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) intends to hold a series of roundtables to discuss the digital asset ecosystem and how the agency should regulate crypto. Prior to the announcement of roundtables, the SEC revealed a new Crypto Task Force led by Commissioner Hester Peirce…. Read More

March 11, 2025 @ 11:05 am By JD Alois  |  

ClearBank has selected former CFO Mark Fairless as its new CEO. According to a release, founder and former CEO Charles McManus will continue with the bank as a member of the Board of Directors, helping to guide the firm’s strategy. McManus will also remain as… Read More

March 11, 2025 @ 10:31 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has updated rules for enforcement actions. According to a document posted on the SEC’s website, the Director of Enforcement will no longer be able to issue formal orders of investigation and must seek Commission approval before pursuing the investigation…. Read More

March 11, 2025 @ 10:09 am By JD Alois  |  

Debanking or blocking individuals and firms from the banking system was a nefarious activity pursued by the Biden administration. It has been widely reported that too frequently, businesses and individuals who were associated with crypto activity, or out-of-favor individuals, were debanked – their bank told… Read More

March 11, 2025 @ 9:37 am By JD Alois  |  

AI-enhanced cybersecurity firm Sola Security has announced a $30 million seed round as it emerges from stealth mode. The funding was led by S Capital, with other investors participating, including S32, Glilot Capital Partners, and individual angels. Sola was Founded in 2024 by Guy Flechter, the former… Read More

March 11, 2025 @ 8:58 am By JD Alois  |  

Paytech Blink Payment says it has integrated with Paracode, a provider of insurance software. Blink explains that ParaCode provides insurance firms, brokers and others tools like claims management, reporting accounting and other tasks. The company states that the partnership will enable insurance firms to process… Read More

March 11, 2025 @ 6:00 am By JD Alois  |  

Fineqia (CSE: FNQ) (OTC: FNQQF) (Frankfurt: FNQA) has announced that its Cardano ETN has been coss listed on the Stuttgart Stock Exchange. The FTSE Cardano Enhanced Yield (YADA) is an Exchange Traded Note. The YADA ETN was initially launched in January 2025 on the Vienna… Read More

March 10, 2025 @ 6:42 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged real estate investment platform Outlier Realty Capital with misleading investors about the use of funds. The SEC reports that a settlement is in the works, as defendants have agreed to pay a total of $3.3 million to move… Read More

March 10, 2025 @ 5:57 pm By JD Alois  |  

Anti-fraud platform Alloy says it has added artificial intelligence to its platform to improve fraud prevention while providing actionable information to financial services firms. Founded in 2015, Alloy reports providing services to more than 600 of the world’s largest financial institutions, including Fintechs. Alloy claims… Read More

March 10, 2025 @ 5:41 pm By JD Alois  |  

NASAA (North American Securities Administrators Association) has sent a letter to Congress requesting the definition of a “payment stablecoin” does not incorporate the payment of interest, similar to a money market fund. NASAA addressed the House Financial Services Committee and the Senate Banking Committee, where… Read More

March 10, 2025 @ 1:43 pm By JD Alois  |  

Redfin (NASDAQ: RDFN) has been acquired by Rocket Companies (NYSE: RKT) in an all-stock transaction for $1.75 billion or $12.50 per Redfin share. Shares of Redfin were trading considerably higher following the news as the markets ingested the acquisition. As for Rocket, shares were slightly lower… Read More

March 7, 2025 @ 7:45 pm By JD Alois  |  

House Finacial Services Committee leaders have sent a letter to SEC Acting Chairman Mark Uyeda asking him to reverse harmful rules impacting crypto enacted during the Biden Administration. Chairman of the Committee French Hill, Chairman of the Subcommittee on Digital Assets, Financial Technology, and Artificial… Read More

March 7, 2025 @ 4:26 pm By JD Alois  |  

Operation Chokepoint 2.0 was a nefarious move by the Federal government to target crypto firms or firms affiliated with digital asset businesses by debanking operations. It is very difficult to run a business if you cannot hold funds and save them via the banking system…. Read More

March 7, 2025 @ 1:27 pm By JD Alois  |  

Crypto executives and insiders are meeting today at the White House. The first-ever Crypto Summit, led by AI and Crypto Czar David Sacks, will establish a path for the US to lead the way in digital asset innovation. The Summit follows the Executive Order signed by President… Read More

March 7, 2025 @ 11:48 am By JD Alois  |  

Representative French Hill, Chairman of the House Financial Services Committee, has issued a statement on the creation of a Strategic Bitcoin Reserve and Digital Asset Stockpile. These two vehicles were announced yesterday in an Executive Order signed by President Donald Trump in the run up… Read More