Uncategorized

September 2, 2022 @ 10:15 am By JD Alois  |  

BlackFog, a global cyber security firm, has published a report on global ransomware that indicates August was the second-highest month of all time for cyber ransom-driven attacks. The report states: “In August, we recorded 39 ransomware attacks, the second highest month we’ve ever recorded. Healthcare… Read More

August 29, 2022 @ 10:37 am By JD Alois  |  

Investor’s Business Daily and MarketWatch, two financial publications, have published a list of the most trusted financial companies without a single Fintech being recognized. According to IBD, Marketwatch, the best of the lot went it comes to consumer trust are as follows: USAA: Auto Insurance… Read More

August 23, 2022 @ 3:32 pm By JD Alois  |  

Digital banks and neobanks are a fairly recent evolution in the financial services world. Incumbent banking has been around for decades, if not hundreds of years. Old banks taking deposits for safekeeping, paying little in return (or charging fees), packaged with mediocre services, and queues… Read More

August 12, 2022 @ 7:16 pm By JD Alois  |  

Earlier this week, the US Department of Treasury, Office of Foreign Assets Control (OFAC), sanctioned crypto mixer Tornado Cash. OFAC claims that Tornado has been utilized by North Korea and its “malicious cyber activities and money-laundering of stolen virtual currency.” Interestingly, Tornado received some support… Read More

August 5, 2022 @ 9:55 am By JD Alois  |  

Earlier this week, it was reported that a bipartisan group of US Senators had developed legislation aimed at providing greater regulatory clarity regarding crypto in the US. Senators from the Senate Agriculture Committee joined to craft a bill that gave the Commodity Futures Trading Commission… Read More

July 28, 2022 @ 9:30 am By JD Alois  |  

Crypto exchange Okcoin is reporting a 125% increase in institutional trading from Q1 to Q2 2022. Okcoin said this is the fourth consecutive quarter that institutional transactions more than doubled from the prior quarter. Institutional customers jumped by 13% in Q2 and 28% for the… Read More

July 6, 2022 @ 9:20 pm By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has appointed six directors as it “expands its headcount to meet a growing remit and to achieve its ambitious strategy, which launched in April.” The appointments announced recently, which fill a mix of new and existing roles, “draw on… Read More

July 6, 2022 @ 2:39 pm By JD Alois  |  

eToro, a modern spin on investing and trading that merges both digital assets and traditional securities, has axed its SPAC deal, according to a statement issued by the company. At the same time, Calculistech is reporting that their headcount is being slashed by 100 employees… Read More

June 30, 2022 @ 2:59 pm By JD Alois  |  

OpenSea, the most popular NFT marketplace in the world, has experienced a breach of user information. According to a blog post yesterday, an employee of Customer.io, a service provider for OpenSea, downloaded OpenSea’s email list, apparently to use or sell for illegal objectives. OpenSea stated:… Read More

June 28, 2022 @ 8:38 am By JD Alois  |  

Borrow a Boat, the AirBnB of yachting, has closed its most recent securities offering at £3,017,30 backed by 670 investors. This most recent crowdfunded offering brings the total raised from individual investors to £7.8 million. As was previously reported, Borrow a Boat was raising equity… Read More

June 23, 2022 @ 10:56 am By JD Alois  |  

Pagaya Technologies has listed its shares on the Nasdaq following the completion of a SPAC deal with EJF Acquisition Corp. The shares are trading under the symbol “PGY” at around $5.70/share. The deal was approved by Pagaya shareholders on June 16, 2022, and by EJFA’s… Read More

June 23, 2022 @ 9:49 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) says it is dealing with scams faster by scanning thousands of websites daily and shutting them down when a nefarious actor appears. The FCA reports that between May 2021 and April 2022, it added 1,966 possible scams or frauds… Read More

June 13, 2022 @ 8:23 am By JD Alois  |  

Changpeng Zhao (CZ), founder and CEO of Binance – the world’s largest crypto exchange has tweeted that Binance has “temporarily” halted withdrawals of Bitcoin. CZ said the pause was due to a technical glitch and all funds were safe – adding that things should be… Read More

June 8, 2022 @ 5:48 pm By JD Alois  |  

Delphia, a company that says it has built a better “Wall Street caliber algorithm” to help you generate better investment returns, has raised a $60 million Series A funding round. The new investment was led by Multicoin Capital with participation from Ribbit Capital, FTX Ventures,… Read More

June 7, 2022 @ 9:57 am By JD Alois  |  

Salt Edge, an open banking provider, has been integrated into NayaOne. NayaOne is a “Digital Sandbox and Fintech-as-a Service” platform that powers the UK Digital Sandbox. NayaOne is said to be one of the largest integrated Fintech marketplaces in Europe and the UK. According to… Read More

June 3, 2022 @ 4:13 pm By JD Alois  |  

The New York state legislature has approved a bill that would commence a moratorium on crypto mining operations. The bill was designed as an attempt to mitigate emissions caused by crypto mining which tends to be an energy-intensive process as servers compete to create and… Read More

June 2, 2022 @ 3:39 pm By JD Alois  |  

It was reported earlier that the US Department of Justice had announced its first arrest and pending case against an individual that utilized insider information to trade digital assets. A former OpenSea manager has been charged with leveraging his position and insider knowledge at the… Read More

June 1, 2022 @ 11:49 am By JD Alois  |  

Binance has raised a new venture fund targeting Web3 and other blockchain technologies. According to a statement issued by Binance Labs, the VC arm of Binance, the $500 million fund saw the participation of global institutions including DST Global Partners, Breyer Capital, as well as… Read More

May 26, 2022 @ 7:34 pm By JD Alois  |  

The Small Business and Entrepreneurship Council (SBE Council) has issued a statement criticizing the legislation that is making its way through the Senate that takes aim at big tech. Led by Senator Amy Klobuchar, the bill entitled the “American Innovation and Choice Online Act” appears… Read More

May 10, 2022 @ 2:57 pm By JD Alois  |  

SoFi Technologies (NASDAQ: SOFI) released its Q1 earnings early today as the release was supposed to hit the wires after market close. The results are a bit of a mixed bag and shares in SoFi are moving lower continuing a decline that started in 2022…. Read More