Featured Headlines

October 27, 2022 @ 12:52 pm By JD Alois  |  

After claiming it was a mistake, PayPal (NASDAQ:PYPL) has re-animated its $2500 penalty for each violation of its Acceptable Use Policy. Once again, Twitter users slammed the overreach of the financial services firm. PayPal added the $2500 fine for misinformation back to their terms, after… Read More

October 27, 2022 @ 9:36 am By JD Alois  |  

In a seismic shift of consolidation, StartEngine has announced the acquisition of SeedInvest. While exact terms were not immediately available, StartEngine stated that Circle (owner of SeedInvest) will become a minority shareholder of StartEngine. StartEngine is one of the largest investment crowdfunding platforms in the… Read More

October 27, 2022 @ 9:10 am By JD Alois  |  

-Retail Investors May Be Banned from Using Leverage in Crypto Trading -Banks Allowed to Issue Stablecoins The Monetary Authority of Singapore (MAS) has proposed new initiatives aimed at mitigating risk to consumers in regard to crypto trading. At the same time, MAS has proposed new… Read More

October 25, 2022 @ 10:56 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) is commencing a review of “Big Tech” providing financial services. The FCA will be reviewing firms like Google, Amazon, Apple, Facebook, and others that have emerged as top financial services providers in sectors like digital wallets and payments. The… Read More

October 24, 2022 @ 3:52 pm By JD Alois  |  

As was reported earlier today, former Chancellor of the Exchequer Rishi Sunak has been selected to become the new Prime Minister, stepping in after Liz Truss was forced out following a rough couple of weeks. Several more comments have filtered in from Fintechs following the… Read More

October 24, 2022 @ 1:06 pm By JD Alois  |  

Announced towards the end of 2021, Republic purchased UK-based Seedrs combining one of the most active securities crowdfunding platforms in the US with a crowdfunding leader in the European market. The deal officially closed several weeks back following a review by UK authorities. When the… Read More

October 21, 2022 @ 9:37 am By JD Alois  |  

This week, the US Department of Justice sentenced two individuals for a plot to steal crypto in a SIM Swap scam. SIM Swaps became a hot fraud ploy several years back as a way to steal digital assets – easily moved once stolen. Perps would… Read More

October 20, 2022 @ 10:59 am By JD Alois  |  

The Securities and Exchange Commission (SEC), Office of Inspector General (OIG), has issued a report on the management of the SEC that criticizes multiple aspects of the Commission’s operations. Aiming to promote integrity and efficiency, the OIG is an independent office within the SEC that… Read More

October 20, 2022 @ 10:27 am By JD Alois  |  

Digital bank N26, based in Germany, will soon offer cryptocurrency trading to its account holders. According to a Tweet, Austria will be the first country to allow an account holder to trade digital assets with other European countries coming soon. The crypto trading services will… Read More

October 19, 2022 @ 3:40 pm By JD Alois  |  

AngelList has announced AngelList Raise, even though it has been in use for about 12 months now. AngelLlist Raise is a largely automated online capital formation platform that enables early-stage firms to raise growth capital from Pre-Seed to ~ a Series C Round. AngelList notes… Read More

October 19, 2022 @ 10:39 am By JD Alois  |  

Earlier this month, PayPal (NASDAQ:PYPL) was slammed for its authoritarian Acceptable Use Policy that was slotted to take effect next month. PayPal decided that it could charge users $2500 – per infraction – if they said or commented on anything PayPal did not concur. PayPal’s… Read More

October 19, 2022 @ 9:05 am By Omar Faridi  |  

We recently connected with Li Jun, Founder of Ontology, the project that claims it is bringing trust, privacy, and security to Web3 through decentralized identity and data solutions. Li Jun has commented on the key developments in the crypto and blockchain space following the Ethereum… Read More

October 18, 2022 @ 8:30 am By JD Alois  |  

Goldman Sachs (NYSE:GS) topped estimates this morning, reporting earnings per share (EPS) of $8.25, handily beating analyst expectations. While the investment bank experienced significant declines in top and bottom line numbers due to the challenging economic environment, performance was welcomed by investors. According to the… Read More

October 17, 2022 @ 3:54 pm By JD Alois  |  

Last week, it was reported that Bittrex was the target of an enforcement action emanating from the US Department of Treasury. Two divisions at Treasury, the Office of Foreign Assets Control (OFAC) and The Financial Crimes Enforcement Network (FinCEN) announced enforcement actions. The crypto trading… Read More

October 15, 2022 @ 3:28 pm By JD Alois  |  

This past week, the SEC’s Small Business Capital Formation Advisory Committee met to discuss several key topics regarding access to capital and smaller firms. One of the topics revolved around initial public offerings (IPOs), a sector of finance that tanked in 2022. In fact, according… Read More

October 13, 2022 @ 2:53 pm By JD Alois  |  

Apple (NASDAQ:AAPL), the largest company in the world by market cap, is becoming more like a digital bank. Apple announced today that it will soon offer interest-bearing accounts alongside its highly popular Apple Card. The service will be available in partnership with Goldman Sachs (NYSE:GS),… Read More

October 13, 2022 @ 9:30 am By JD Alois  |  

Global economic reality is impacting everyone and everything. Sky-high inflation, interest rates rising, the war in Ukraine, and more, are hobbling economic activity. Fintech is not immune to this fact and a report distributed today by Finch Capital states that Fintech is entering a period… Read More

October 12, 2022 @ 9:27 pm By Omar Faridi  |  

The team at Bondora is pleased to announce that borrowers in the Netherlands can now access their online and convenient financial services. By expanding to more countries, Bondora claims it can “help empower more people to live the lives they want with less financial stress.”… Read More

October 12, 2022 @ 4:49 pm By JD Alois  |  

QED Investors is one of the most prolific venture capital firms focusing on Fintech in the world. With more than one hundred portfolio companies and over a dozen exits, QED has touched almost all sectors of Fintech. Big Fintech names have received the backing of… Read More

October 11, 2022 @ 6:00 am By JD Alois  |  

Upgrade, a Fintech that provides loans as well as cards – promoting “responsible credit,” has announced that its Upgrade Card has been recognized as the fastest-growing credit card in the United States. The Upgrade Card has been moving up on the list that is ranked… Read More