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Disgraced FTX Founder Sam Bankman-Fried Found Guilty on All Counts of Fraud, Money Laundering, Faces Up to 115 Years in Prison

FTX founder and former CEO Sam Bankman-Fried has been found guilty Thursday (November 2, 2023) on all seven counts that are related to fraud as well as money laundering. Bankman-Fried was indicted on fraud charges on December 22, 2022, following the collapse of his crypto… Read More

Milan Velev of Nexo: Blockchain Professional Explains Importance of Security for Crypto Investors, Traders

We recently connected with Milan Velev, Nexo’s Chief Security Officer, who shared key insights with CI regarding the importance of setting standards for crypto platform security. Milan Velev from Nexo explained why crypto investors and traders need to prioritize security. He also commented on their… Read More

Understanding Down Rounds in Venture Capital Financing: Pay-to-Play Structures

Venture capital markets showed signs of improvement in the second quarter of 2023. According to Carta, early-stage companies using its platform raised $15.4 billion in funding during the second quarter of 2023, which was up 26 percent from the first quarter. Despite these recent improvements,… Read More

R3 Comments on Global Regulators Collaborating on Crypto Asset Innovation

Yesterday, CI reported that multiple regulators around the world had announced a partnership to collaborate on digital asset, or crypto asset, innovation. The goal is to enable innovation to thrive while protecting investors. The agencies participating in the partnership include the UK Financial Conduct Authority… Read More

Regulation Coming: UK Targets Bespoke Rules for Crypto Including Stablecoins, Shares Responses of Consultation

The UK government has released the results of a consultation on the regulation of digital assets or crypto.  The update includes information on fiat-backed stablecoins and managing “systemic digital settlement asset firms.” The consultation kicked off in February of this year and was completed at… Read More

Markus Prommik of Finfra: Industry Exec Comments on Embedded Lending and the New Fintech Rules

We recently spoke with Markus Prommik, CEO and Co-founder of Finfra, a Fintech platform that develops white-labeled lending products for non-Fintech companies seeking to integrate financial services into their platforms. Based in Jakarta, Indonesia, Finfra not only provides practical embedded lending solutions to their clients… Read More

Bank Replacement: X (formerly Twitter) Aims to Go Big into Financial Services: Report

  X, formerly known as Twitter, wants to become your new bank. While it is not clear if X wants to be a Neobank (no bank charter) or a Digital Bank (a bank charter), what is clear is that Elon Musk wants to turn the… Read More

Ledger to Enable Tokenization as a Service, Partners with Bitbond, Tokeny, more

Ledger, best known for its hardware digital wallets, is now offering tokenization services via its enterprise division or turning assets into digital assets. In a blog post, Legder said it was “unlocking institutional opportunities” as more firms look to leverage distributed ledger technology to issue… Read More

Bundeep Singh Rangar of Fineqia: Blockchain Professional Says Industry Should Focus on Education and Practical Use-Cases

We recently caught up with Bundeep Singh Rangar, the CEO of Fineqia, a digital asset business that builds and targets investments in early and growth-stage technology companies that will be a part of the next generation of the Internet. Publicly listed in Canada (CSE: FNQ)… Read More

Enterprise DLT Firm R3 Enables Digital Bond on Euroclear

R3, an enterprise-focused permissed blockchain provider, is reporting that its Corda technology has enabled the first digital bond issuance on Euroclear’s International Central Securities Depository (ICSD). The SSA, or “supranational, sovereign and agency bond,” was issued by the World Bank, with Citi (an investor in… Read More

Seedrs Gains ECSPR Approval, Authorized in Ireland to Provide Investment Crowdfunding Across the EU

It was more a question of when. Today, Seedrs has issued a statement today that it has been approved under ECSPR – European Crowdfunding Services Provider regulation – to facilitate online capital formation across the EU. Owned by US-based Fintech Republic, Seedrs is already one… Read More

Bitcoin Tops $33,000 as Expectations Rise a BTC ETF is Coming Soon

Bitcoin has increased by over 18% today, now trading at over $33,000. Just yesterday, Bitcoin was trading under $30,000. Bitcoin has always been a volatile digital asset that gyrated quickly in price – sometimes without an apparent catalyst. The most popular crypto in the world… Read More

Sunny Lu, CEO at VeChain: Industry Professional Reveals How DLT Platform Contributes to Web3 Ecosystem Development

Sunny Lu, CEO at VeChain, recently shared key insights exclusively with Crowdfund Insider. Recently, Vechain hosted its first Hackathon at Harvard University on the 7th and 8th of October. Following a selection from over 10,000 applicants, the 36-hour coding and collaboration event brought together 200… Read More

Justin Orgel of Marigold: Industry Veteran Comments on Concerns Consumers Have Regarding Data Collection by Financial Institutions

We recently connected with Justin Orgel from Marigold, a global MarTech that works with over 40,000 brands and organizations worldwide to help them identify and create strong relationships with their customers. The company offers industry-tailored MarTech and loyalty solutions that support the entire customer lifecycle… Read More

Elon Musk, Mark Cuban, Join in Filing Amicus Brief Targeting SEC Court Case

Elon Musk and Mark Cuban have joined with Phillip Goldstein, Nelson Obus, Manouch Moshwayedi, and the Investor Choice Advocates Network (ICAN) in filing an Amicus brief in regard to a Securities and Exchange Commission (SEC) court case. The case has to do with Patriot28 and… Read More

ECB Enters “Preparation Phase” for Digital Euro

While a decision is not yet final, the European Central Bank (ECB) has entered the “preparation phase” to issue a digital Euro. The ECB has been ruminating on the pros and cons of a central bank digital currency (CBDC) for some time now. This most… Read More

Goldman Sachs Beats on Top Line, Bottom Line Declines [u]

Goldman Sachs (NYSE:GS) has reported Q3 earnings that delivered strong revenues but reversed on the bottom line in comparison to Q3 2022. Goldman reported revenues of $11.82 billion and net earnings of $2.06 billion for the quarter ending in September. Earnings per share (EPS) were… Read More

Germany Sees Regulatory Progress for Crowdfunding Platforms Under ECSPR

  The largest economy in Europe has been slow to create a sustainable regulatory environment for investment crowdfunding platforms to thrive. Under ECSPR or European Crowdfunding Service Provider Regulations, an approved platform may raise up to €5 million across the European Union. The kicker to… Read More

Apple Now Let’s You Schedule Ongoing Payments as Fintech Services Continue to Expand

Apple (NASDAQ:AAPL) now allows its wallet users to schedule regular payments directly on the phone. The service has been expected for some time now and represents another step in its financial services goal of providing convenience for its users. On the iPhone, Apple explains that… Read More

Monica Eaton of Chargebacks911: Fintech Exec Explains Why Banks Embrace Open Banking, Data Analytics for Trade Finance Operations

We recently sat down with Monica Eaton from Chargebacks911 to gain more insights regarding the partnership between Finastra and Microsoft and how it addresses the requirements of corporate clients. Eaton, founder and CEO at Chargebacks911, also commented on how the collaboration addresses the challenges banks face… Read More

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