February 6, 2025 @ 3:25 pm By JD Alois  |  

This week, Congress is busy holding hearings on Debanking and other nefarious actions taken by federal regulators targeting the digital asset sector during the Biden Administration. Crypto firms have struggled in the US to gain regulatory clarity from the government, which sought to undermine crypto… Read More

February 6, 2025 @ 3:07 pm By JD Alois  |  

R3, the creator of Corda, a permissioned blockchain for tokenizing assets, has announced a partnership with IDEMIA Secure Transactions (IST) to boost its ability to issue central bank digital currencies (CBDCs). IDEMIA is a provider of payments and connectivity solutions that can also handle offline… Read More

February 6, 2025 @ 11:30 am By JD Alois  |  

The Bank of England has cut benchmark rates by 25 basis points to 4.5%, a move anticipated by markets. The Monetary Policy Committee (MPC) of the Bank of England holds a similar target as the US of achieving a 2% inflation rate. In Q4 2024,… Read More

February 5, 2025 @ 9:06 pm By JD Alois  |  

Faes & Co. has received funding from OakNorth to finance US real estate bridge loans. Faes & Co. was founded by Christian Faes who founded LendInvest, a Fintech originating development loans in the UK. LendInvest is now traded on the London Stock Exchange.  OakNorth is… Read More

February 5, 2025 @ 6:09 pm By JD Alois  |  

The US Federal Reserve is supposed to be an apolitical entity independent of the federal government seeking to achieve its low inflation and full employment mandate. The Fed also has oversight over the banking system as it aims to ensure a safe and secure banking… Read More

February 5, 2025 @ 5:35 pm By JD Alois  |  

Representatives Bryan Steil and Dusty Johnson have introduced a House resolution voicing support for digital assets. Digital assets, or crypto, cover a broad range of assets, including digital securities and commodities, stable assets, or assets with other types of value. The Resolution states: Whereas entrepreneurs… Read More

February 5, 2025 @ 10:08 am By JD Alois  |  

In advance of the Senate Banking Committee hearing on the nefarious debanking movement by the federal government, Anchorage Digital, a federally chartered digital bank, has shared its experience in prepared testimony. Today, Anchorage founder and CEO Nathan McCauley will testify how Anchorage became persona non-grata… Read More

February 4, 2025 @ 5:46 pm By JD Alois  |  

Newly appointed Crypto and AI Czar David Sacks held a press conference today as part of the week one objectives of President Donald Trump. Sacks took to the podium and lambasted the last four years of persecution and prosecution under the Biden Administration, which included… Read More

February 4, 2025 @ 12:52 pm By JD Alois  |  

This week, Rohit Chopra was booted from the Consumer Financial Protection Bureau (CFPB) and replaced by acting CFPB Director, Secretary of the Treasury Scott Bessent.  The CFPB has been a controversial bureaucracy from its inception, and some supporters of Fintech innovation have chafed at the… Read More

February 4, 2025 @ 12:20 pm By JD Alois  |  

VC firm General Catalyst has launched a new registered investment advisor, GC Wealth, according to a blog post. General Catalyst currently reports over $32 billion in assets under management and 800+ portfolio firms. A diversified investor, General Catalyst invests in Fintech, AI, and more. GC… Read More

February 4, 2025 @ 9:59 am By JD Alois  |  

A growing number of firms are choosing to incorporate or move their state of incorporation to other states besides Delaware, at least if you believe comments on social media. It appears that Nevada and Texas are on the rise as Delaware has lost some of… Read More

February 3, 2025 @ 5:10 pm By JD Alois  |  

GreatX is an online investment platform in the real estate sector with an interesting approach. The company states that it offers uncapped upside with income yield and capital protection in a single investment. GreatX is currently raising money on Republic. According to the offering page,… Read More

February 3, 2025 @ 1:02 pm By JD Alois  |  

Secretary of the Treasury Scott Bessent is picking up another leadership role as President Donald Trump named Bessent Acting Director of the Consumer Financial Protection Bureau (CFPB). As Bessent steps in, Rohit Chopra, the Director under the Biden Administration, is now without a job. Bessent… Read More

February 3, 2025 @ 10:22 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has been criticized in the past for being overly aggressive in its enforcement actions. It should come as no surprise that regulators are going to regulate, and the SEC sometimes appears to be a hammer looking for a nail… Read More

February 3, 2025 @ 10:09 am By JD Alois  |  

Digital asset exchange Kraken has been approved for a MiFID [Markets in Financial Instruments Directive] license. A MiFID license enables a firm to provide services across the EU with standardized reporting and “enhanced” transparency. Kraken gained the approval via an acquisition of a Cypriot investment… Read More

February 3, 2025 @ 9:57 am By JD Alois  |  

Regtech ThetaRay will work with IDB Bank, a subsidiary of Israel Discount Bank LTD, to combat financial crime. IDB Bank is an FDIC-insured commercial bank based in New York with offices in California, Florida, and the tri-state area. ThetaRay uses cognitive AI to combat financial… Read More

January 31, 2025 @ 1:45 pm By JD Alois  |  

Yesterday, the Consumer Financial Protection Bureau (CFPB) issued a statement pertaining to an enforcement action against global Fintech Wise. The action arrived with a $2.5 million penalty for the firm. The CFPB claims that Wise failed to serve consumers sufficiently as it misled US customers… Read More

January 31, 2025 @ 1:04 pm By JD Alois  |  

AngelList, an online capital formation platform that focuses on syndicate offerings, is partnering with CoinList to enable Special Purpose Vehicle (SPV) investing for crypto or Crypto SPVs. AngelList and CoinList are related as they are sister platforms. CoinList started its existence as a US-focused coin… Read More

January 31, 2025 @ 12:37 pm By JD Alois  |  

Swan, a European banking Fintech, has raised €42 million in Series B extension funding according to a blog post. Investors in the funding round include Accel, Hexa, Creandum, Lake Star and Eight Roads. Swan said the new money would help it expand its embedded banking… Read More

January 31, 2025 @ 11:27 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) is pursuing rules that aim to make it easier for listed companies to issue bonds and investors, including smaller ones, to invest in these assets. The FCA explains that it would like to encourage listed firms to issue bonds… Read More