July 13, 2023 @ 6:02 pm By JD Alois  |  

Ripple is claiming victory in a court order issued today that determined the company did not violate securities laws when it initially offered XRP to investors – at least in part. At the same time, the order did indicate that the manner of sale did… Read More

July 13, 2023 @ 5:44 pm By JD Alois  |  

The tight lending market has impacted smaller firms and compelled some business borrowers to look elsewhere for capital. As interest rates have risen and banks have pumped the brakes on lending, online platforms – including funding portals, have stepped in to take the place of… Read More

July 13, 2023 @ 3:37 pm By JD Alois  |  

Ripple scored a victory today as the courts have now ruled that the sale of XRP on crypto exchanges did not violate US securities law in a partial win for the digital asset firm. The ruling helped to drive the value of XRP higher –… Read More

July 13, 2023 @ 3:11 pm By Omar Faridi  |  

CaixaBank Tech, the CaixaBank Group technological subsidiary, will expand its professional team with the incorporation of 200 external professionals, mostly young people with technology and scientific degrees. The selection process is already underway, “with a view to the new recruits being in place by the… Read More

July 13, 2023 @ 12:30 pm By Omar Faridi  |  

Brazil’s CBDC (or central bank digital currency) codebase could potentially freeze or even reduce funds. This, according to an analysis by a blockchain developer. According to a reports, a blockchain/DLT developer found certain functions that could potentially allow a centralized entity to freeze payments or… Read More

July 13, 2023 @ 12:27 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed charges against Celsius Network and its founder and former CEO, Alex Mashinsky. At the same time, the US Department of Justice has filed criminal charges against Celsius, Mashinsky and former Chief Revenue Officer Roni Cohen-Pavon. The SEC… Read More

July 13, 2023 @ 12:07 pm By JD Alois  |  

Alex Mashinsky Arrested Today. The founder and former CEO of Celsius Network, Alex Mashinsky, and the former Chief Revenue Officer of Celsius, Roni Cohen-Pavon have been charged by the US Department of Justice with defrauding customers and manipulating the market for the Celsius token. Celsius… Read More

July 13, 2023 @ 11:28 am By Omar Faridi  |  

As a part of its ongoing commitment to the Innovation Economy (IE), J.P. Morgan (NYSE: JPM) announced that John China will join the firm as Co-Head of IE for Commercial Banking (CB). Based in San Francisco, China will “serve alongside New York-based Melissa Smith, who… Read More

July 13, 2023 @ 11:09 am By JD Alois  |  

Jeremy Allaire, CEO of Circle – the issuer of several stablecoins, including dollar-based USDC, has issued a public declaration demanding the US take the lead in regards to stablecoin regulation. The statement via Twitter by Allaire follows the announcement that two US Senators have revamped… Read More

July 13, 2023 @ 10:39 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed additional charges in regard to the Frank case and its sale to JP Morgan for $175 million in 2021. According to a statement by the SEC, former Chief Growth Officer of Frank, Olivier Amar, has been charged… Read More

July 13, 2023 @ 10:10 am By JD Alois  |  

Apple (NASDAQ:AAPL) has expanded its Tap to Pay service by offering the product in the UK.  The first two platforms offering the service are Revolut and Tyl by NatWest. Revolut is a top Fintech providing banking services in the UK and around the world. Tyl is… Read More

July 13, 2023 @ 9:26 am By Amal Ahmed  |  

E-commerce experienced exponential growth in the last few years as new players appeared on the playing field – fraudsters who are taking advantage of retailers’ return policies. Returns became the norm amidst the pandemic and beyond. And while PSD2 Strong Customer Authentication (SCA) presents difficulties… Read More

July 13, 2023 @ 9:10 am By Omar Faridi  |  

The Multichain hack could potentially be a “rug pull,” as an additional $103 million in funds were recently drained. Multichain, which is described as a cross-chain bridge protocol, reportedly saw another $103 million transferred to other blockchain addresses. This, according to security company Beosin. This… Read More

July 13, 2023 @ 7:46 am By Omar Faridi  |  

2023 so far has been a year of “recovery” for cryptocurrency after a chaotic 2022, with prices of digital assets like Bitcoin up over 80% on the year as of June 30, the team at Chainalysis noted. And that’s not the only “good news” for… Read More

July 13, 2023 @ 7:44 am By Omar Faridi  |  

A study from Juniper Research, the researchers focused on emerging payments, have found that the value of payment transactions powered by stablecoins “will exceed $187 billion globally by 2028, up from $53 billion in 2023.” The study found that stablecoins are “making rapid progress in… Read More

July 13, 2023 @ 5:22 am By Omar Faridi  |  

c, a payment and Banking-as-a-Service (BaaS) provider in the MENA region has expanded its operations into Egypt with the opening of a new office in Cairo. The move is part of BKN301’s strategy “to support the growth of the fintech sector in Egypt and the… Read More

July 12, 2023 @ 11:14 pm By JD Alois  |  

EstateGuru, an established online marketplace for secured loans, has been approved to operate across the European Union under ECSPR or European Crowdfunding Securities Provider Regulation. EstateGuru will join a handful of other online marketplaces to issue securities and raise capital online in the EU. As… Read More

July 12, 2023 @ 10:46 pm By Omar Faridi  |  

According to the Australian Banking Association, of the 2.6 million businesses in Australia, the majority (98%) are small and medium enterprises (SMEs). As the sector accelerates in 2023, it also suffers from “an increase in the cost of goods and services, leading to rising inflation… Read More

July 12, 2023 @ 6:23 pm By JD Alois  |  

Earlier today, Senator Cynthia Lummis and Senator Kirsten Gillibrand reintroduced comprehensive legislation aiming to provide updated rules to enable crypto asset innovation while ensuring consumer protection. In 2022, the two Senators released draft legislation that was described as a major step forward for the digital asset… Read More

July 12, 2023 @ 5:02 pm By Omar Faridi  |  

UK-headquartered digital bank Monzo is reportedly holding discussions regarding a potential merger with Nordic region firm Lunar. This, acccording to recent reports from Bloomberg. Lunar, a virtual bank with more than 650,000 clients across Denmark, Sweden Norway, has previously secured €35 million in order to… Read More