Investment Platforms and Marketplaces

August 2, 2022 @ 5:28 pm By JD Alois  |  

Robinhood (NASDAQ: HOOD) released Q2 2022 financial results that delivered a sequential increase in net revenue of 6% or $318 million, but the slight improvement was not enough to please analysts as it was deemed a miss. Shares in Robinhood were trading at around $9… Read More

August 2, 2022 @ 1:17 pm By JD Alois  |  

The New York Department of Financial Services (DFS) has determined that Robinhood Crypto failed to maintain effective bank secrecy act (BSA) and anti-money laundering (AML) compliance in regards to reporting requirements. Adrienne A. Harris, Superintendent of Financial Services, said Robinhood Crypto will pay a $30… Read More

August 1, 2022 @ 10:47 pm By Omar Faridi  |  

After stabilizing in May 2022, investment figures declined “from €15,458,394 to €12,913,190 in June 2022” on the Bondora platform. And with loan originations, there was “an overall decline of 17.3%.” This was expected, as there “have been slowdowns in origination and investment activity during the… Read More

August 1, 2022 @ 9:47 pm By Omar Faridi  |  

The team at digital asset firm Kraken is pleased to confirm that their crypto trading platform now supports Crust Shadow (CSM). Customers may now choose to add CSM to their Kraken accounts by simply “navigating to Funding, selecting the asset, and then Deposit.” Trading will… Read More

August 1, 2022 @ 9:27 am By JD Alois  |  

GenoCrowd is reporting that it has taken just three days to raise its funding threshold for a real estate project. The “Das Rosenthaler”  property located in Nuremberg and managed by W&L AG, will return 5.5% interest to investors with early backers adding 50 basis points… Read More

August 1, 2022 @ 9:00 am By Omar Faridi  |  

The volume of P2P funding decreased from 511 million Euros in May 2022 to 447 million euros in June 2022, i.e. by 13%, according to an update shared by Robo.cash. The fourth quarter of 2021 “saw significant growth in P2P lending, but so far in… Read More

July 31, 2022 @ 11:49 pm By Omar Faridi  |  

Lending Wokrs is pleased to release their Q2 2022 performance update on their statistics page. In Q2 2022, Lending Works have “continued to focus on understanding the impact of cost of living challenges on [their] active loan customers and the overall impact on portfolio performance.”… Read More

July 31, 2022 @ 9:17 pm By Omar Faridi  |  

Recently, Jorn van Duijnhoven was asked to take on the role of Head of Customer Success at European online lender at October. Jorn van Duijnhoven has been appointed “due to changes” within October’s organization. He stated: “I have to say that I didn’t see it… Read More

July 31, 2022 @ 8:54 pm By Omar Faridi  |  

At the beginning of July 2022, the Debitum Asset-Backed Security (ABS) offer was 5, TRIPLE DRAGON had 15 underlying assets in 3 ABSs, EVERGREEN CAPITAL had 45 underlying assets in 2 ABSs. The number of registered users (activated) in June 2022 “reached 9357 registered users.”… Read More

July 31, 2022 @ 9:18 am By Omar Faridi  |  

KuCoin, a global cryptocurrency exchange, has announced the launch of its NFT ETF Trading Zone (on July 29, 2022). The new product aims “to improve the liquidity of NFT assets and lower the investment threshold of blue-chip NFTs for over 20 million users.” The launch… Read More

July 30, 2022 @ 11:24 am By Omar Faridi  |  

eToro, the social investment network, announced that it has registered with the Italian regulator Organismo Agenti e Mediatori (OAM), becoming the latest investment platform to “join the registry of crypto-asset providers in Italy.” This demonstrates eToro’s commitment “to working hand in hand with regulatory authorities… Read More

July 30, 2022 @ 10:36 am By JD Alois  |  

Jupiter Exchange has raised $5 million to launch an alternative asset exchange, according to a statement from the company. The Seed round was led by White Hilt Capital. Jupiter Exchange will leverage NFT technology to “curate” iconic objects and make fractional ownership possible for anyone… Read More

July 29, 2022 @ 2:58 pm By JD Alois  |  

The Federal Deposit Insurance Corporation (FDIC), the government agency that provides bank deposit insurance, has taken the unique act of publicly chastising Voyager Digital regarding claims of false statements on deposit insurance status. Voyager Digital filed for bankruptcy protection following the collapse of  Three Arrows… Read More

July 29, 2022 @ 9:36 am By JD Alois  |  

Singapore based Zipmex has filed for insolvency under Singapore law. According to a blog post, Zipmex attorneys have filed five applications under Section 64 of Singapore’s Insolvency, Restructuring and Dissolution Act 2018 on behalf of several of the firm’s entities, aiming to gain global moratoriums… Read More

July 28, 2022 @ 6:58 pm By JD Alois  |  

StartEngine, one of the largest securities crowdfunding platforms in the US, has surpassed $5 million in funding for its newest self-crowdfunded offering, according to an email. StartEngine has pursued multiple Reg A+ offerings in recent years to raise growth capital. In total, StartEngine has raised… Read More

July 28, 2022 @ 8:14 am By JD Alois  |  

Zodia Markets, a crypto exchanger and brokerage catering to institutional investors, has been registered as a crypto platform with the UK Financial Conduct Authority (FCA) and officially launched its crypto trading business. In the UK, a crypto exchange must be registered with the FCA to… Read More

July 26, 2022 @ 5:00 am By JD Alois  |  

A new FINRA-regulated funding portal has announced its launch, Untold.io (Blue Dot Media Holdings LLC) will pursue investment crowdfunding targeting the entertainment industry. Untold.io states that it will both leverage Reg CF and Reg D exemptions to raise capital online. By utilizing the Reg D… Read More

July 25, 2022 @ 11:29 pm By Omar Faridi  |  

In October 2021, Beam introduced “confidential” non-fungible tokens (NFTs) to the BeamX private DeFi ecosystem, kicking it off with the Beam Halloween NFT Competition. An NFT marketplace followed suit “in the form of the NFT Gallery DApp in Beam Wallet.” The launch was “strongly” supported… Read More

July 25, 2022 @ 12:16 pm By JD Alois  |  

CrowdStreet on the Impact of Inflation. Inflation is hitting multi-decade highs, and the US Federal Reserve is raising interest rates rapidly in a rear guard action aimed at taming what is effectively a hidden tax. While the administration claimed for many months that rising prices… Read More

July 25, 2022 @ 9:44 am By JD Alois  |  

As was reported earlier, FTX has sent a proposal to Voyager Digital to effectively take over the company’s accounts while leaving the Three Arrows Capital (3AC) loans within the recovery process. FTX would open new accounts for remaining Voyager Digital account holders – potentially funding… Read More