February 10, 2023 @ 6:37 pm By Omar Faridi  |  

US Fintech Alloy has launched in the UK, strengthening its presence in EMEA “with key senior hires and office space in London.” Alloy‘s Identity Decisioning Platform “helps banks and fintech companies to make smarter and faster decisions about the risk profile of each customer, and… Read More

February 10, 2023 @ 6:32 pm By JD Alois  |  

Representative Bill Huizenga, the Chair of the Subcommittee on Oversight and Investigations, part of the House Financial Services Committee, has sent a letter to SEC Chair Gary Gensler demanding he hand over documents surrounding Sam Bankman-Fried and the collapse of the crypto exchange. The letter… Read More

February 10, 2023 @ 5:38 pm By Omar Faridi  |  

Vaultavo Inc. has developed a patent-pending crypto custody solution “to address the security requirements of the institutional market and its clients.” The Vaultavo Custody Solution “combines the world’s first biometric digital asset custody smart card with state-of-the-art proprietary vaults and secure SaaS digital platform and… Read More

February 10, 2023 @ 4:13 pm By Omar Faridi  |  

FINOS, the Fintech Open Source Foundation and financial services umbrella of the Linux Foundation, announced its 2022 annual results, “highlighting the growth of the open source movement within the financial services industry, along with their 2023 strategic initiatives.” Led by the more than 2,100 contributors… Read More

February 10, 2023 @ 12:46 pm By JD Alois  |  

Republic, a US-based online capital formation platform, now operating in Europe, has launched the website for Republic Asia. Last year, Republic closed on its acquisition of Seedrs – a large UK-based platform that has also been operating on the European continent. In March of 2022,… Read More

February 10, 2023 @ 9:47 am By JD Alois  |  

SEC Commissioner Hester Peirce has shared her thoughts on the enforcement action taken against Kraken. The crypto exchange agreed to pay a $30 million penalty pertaining to its staking service. The ability for US clients to earn a return on parked Proof of Stake digital… Read More

February 10, 2023 @ 9:25 am By JD Alois  |  

  SEC Chair Gary Gensler received some face time this morning on CNBC in the wake of the Commission’s enforcement action taken against crypto exchange Kraken. The platform was compelled to pay a $30 million penalty for its staking service offered to US investors. Staking… Read More

February 10, 2023 @ 8:44 am By Omar Faridi  |  

  Digital asset firm Kraken’s settlement with the US Securities and Exchange Commission (SEC) has left many wondering what this means for the industry’s future. Fireblocks’ Chief Legal & Compliance Officer Jason Allegrante and Proof of Stake Alliance (POSA)’s Executive Director Alison Mangiero have the… Read More

February 10, 2023 @ 8:38 am By Omar Faridi  |  

Bitso, the cryptocurrency-powered financial services company in Latin America, has released the regulatory principles that “guide its operations and its strategic decisions in adherence with the highest industry standards.” At a time when the crypto industry is facing unparalleled doubt and scrutiny due to both… Read More

February 10, 2023 @ 8:34 am By Omar Faridi  |  

Rosbank demonstrated the first digital gold exchange deal in Russia using digital rubles. According to the bank it involved “the exchange of tokenized gold between two parties using innovative distributed ledger technology (blockchain) to ensure the security and continuity of the process.” The project was… Read More

February 9, 2023 @ 10:59 pm By Omar Faridi  |  

The Bank of London, the “next-generation” technology company and the world’s first purpose-built global clearing, agency, and transaction bank, announced it has raised $40M, in an extension to its Series C funding, “bringing the company’s total raise to $160M.” This investment round follows The Bank… Read More

February 9, 2023 @ 10:44 pm By Omar Faridi  |  

Adyen (AMS: ADYEN) posts “strong” results and sustained profitable growth “driven by its global customer portfolio and motivated team executing on the company’s long-term ambitions.” Summary H2 2022 Processed volume “was €421.7 billion, up 41% year-on-year.” Of these volumes, point-of-sale volumes “were €67.6 billion, up… Read More

February 9, 2023 @ 10:43 pm By Omar Faridi  |  

A new insight report – The perfect payment partner? What merchants are looking for from their PSPs – from Banking Circle, the next generation technology-led Payments Bank, suggests that the services currently “offered by Payment Service Providers aren’t going far enough to support the shift… Read More

February 9, 2023 @ 5:18 pm By Omar Faridi  |  

The Hedera Governing Council announced Dell Technologies is the latest company to join the Council “to help organizations explore distributed ledger technology (DLT).” As an active member of the Hedera Council and network, Dell will “gain experience with the opportunities provided by the rising technology… Read More

February 9, 2023 @ 4:53 pm By JD Alois  |  

Shares in Coinbase (NASDAQ:COIN), the only publicly traded crypto exchange in the US, tanked today – perhaps reacting to the SEC’s enforcement action taken against rival crypto exchange Kraken. In a complaint revealed today, the SEC claimed that crypto staking, or staking as a service,… Read More

February 9, 2023 @ 4:16 pm By Omar Faridi  |  

ThetaRay, a provider of AI-powered transaction monitoring technology, and Piie, Inc., an insurtech providing an intelligent payment engine, announced a collaboration in order “to implement an advanced AML solution for insurance claim payments.” Through the agreement, Piie (Payments Intelligent Integration Engine) will “integrate ThetaRay’s AI-driven… Read More

February 9, 2023 @ 4:06 pm By JD Alois  |  

Following industry rumblings anticipating the move, the Securities and Exchange Commission (SEC) has taken action against crypto exchange Kraken in regard to their staking service. Kraken has settled the charges by the SEC without admitting or denying the allegations and paying a $30 million penalty…. Read More

February 9, 2023 @ 3:45 pm By Therese Torris  |  

This year’s issue of the Barometer of Crowdfunding in France, published by Mazars and the French Crowdfunding Association (Financement Participatif France, FPF) shows that crowdfunding reached a new high in 2022. More than €2.3 billion was collected, a 25% increase versus year prior. Real estate… Read More

February 9, 2023 @ 3:25 pm By Omar Faridi  |  

Moonfare, the global digital private equity investment platform, has capped the extension of its Series C financing round “at c.a. $15 million, achieving a record valuation.” This brings the total capital raised in the Series C investment round “to over $130 million.” Following Insight Partners’… Read More

February 9, 2023 @ 12:30 pm By JD Alois  |  

Financement Participatif France (FPF) is the association that represents the investment crowdfunding industry in France. With the advent of ECSPR or European Crowdfunding Services Provider Regulation, the industry of online capital formation has pushed into the second stage of securities crowdfunding.  Under the new EU… Read More