April 27, 2022 @ 11:08 am By JD Alois  |  

The New York State Assembly has passed legislation to ban crypto mining in the state until a review has been completed. To quote the summary: “[The legislation] Establishes a moratorium on cryptocurrency mining operations that use proof-of-work authentication methods to validate blockchain transactions; provides that… Read More

April 27, 2022 @ 10:53 am By JD Alois  |  

Blockmetrix, a Dallas-based Bitcoin mining operation, says it has raised $25 million in debt financing to acquire crypto mining computers. The funding was provided by BankProv, a crypto-friendly commercial bank, and CrossTower. The money is said to be an upgrade from an initial $5 million… Read More

April 27, 2022 @ 10:44 am By JD Alois  |  

Blockchain Association Singapore (BAS) has announced a partnership with BNY Mellon, a global bank based in New York City. BNY Mellon has had a presence in Singapore since 1974. Singapore has long been a robust Fintech hub in Southeast Asia. BNY Mellon also said it… Read More

April 27, 2022 @ 9:38 am By Omar Faridi  |  

TrueLayer, which claims to be Europe’s leading Open Banking platform, has reinforced its reputation as an “industry innovator,” with the availability of its unique Variable Recurring Payments (VRP) API for sweeping and non-sweeping, “changing the way customers make and manage ecommerce payments, subscriptions, utility bills… Read More

April 27, 2022 @ 9:06 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged Sung Kook (Bill) Hwang, the owner of the family office Archegos Capital Management, with allegations of a massive fraud that “resulted in billions of dollars in losses.” The SEC alleges that Hwang and Archegos purchased security-based swaps… Read More

April 27, 2022 @ 8:55 am By JD Alois  |  

HM Government of Gibraltar has published new regulations aiming to set a standard for market integrity in the digital asset sector.  The goal is to the prevention of market manipulation and insider trading as well as additional disclosure and outlined trading standards. According to a… Read More

April 27, 2022 @ 8:23 am By Omar Faridi  |  

Grayscale Investments, which oversees the $30 billion+ Grayscale Bitcoin Trust (GBTC), is reportedly looking at further expanding into the European market for digital asset funds. Grayscale will be meeting with various partners in order to discuss matters related to entering the European markets, according to… Read More

April 27, 2022 @ 8:22 am By Omar Faridi  |  

Trading Technologies International, Inc. (TT), an international provider of “high-performance” professional trading software, infrastructure and data solutions, recently announced that London-based industry veteran Nick Garrow has joined the firm in the new position of EVP Multi-Asset & Buy Side. Garrow has over 20 years of… Read More

April 27, 2022 @ 6:07 am By Omar Faridi  |  

AntChain, the “flagship” tech brand of Ant Group, recently launched a new video copy detection solution “to help make copyright protection technologies more efficient and accessible to content creators.” With the recently developed algorithms, AntChain’s new solution can “precisely identify and localize infringements in video… Read More

April 26, 2022 @ 8:24 pm By JD Alois  |  

Rohit Chopra, the Director of the Consumer Financial Protection Bureau (CFPB) will visit with the House Committee on Financial Services tomorrow (April 27) for the semi-annual report on the CFPB. Included in the Hearing Memo, among other items, is the topic of “Responding to Emerging… Read More

April 26, 2022 @ 8:11 pm By Omar Faridi  |  

The Federal Court in Australia has reportedly ordered Westpac to pay penalties in the amount of $113 million “for widespread compliance failures across multiple businesses, including Westpac’s banking, superannuation, wealth management and insurance brands.” Justice Beach recently handed down his decision “in the last of… Read More

April 26, 2022 @ 8:10 pm By Omar Faridi  |  

Talus Pay, which claims to be a fast-growing tech-driven provider of payment processing solutions for small and mid-sized merchants, is pleased to confirm that payments industry veteran Bryan Fricke has joined the firm as Chief Revenue Officer. Fricke will be “responsible for the performance, strategy… Read More

April 26, 2022 @ 8:08 pm By JD Alois  |  

As was noted last week, this past January the Securities and Exchange Commission (SEC) proposed amendments to the Exchange Act and the definition of an Exchange as well as Regulation ATS (Alternative Trading System). While described in relatively benign terms, the language of the proposed… Read More

April 26, 2022 @ 4:59 pm By JD Alois  |  

Scott Purcell, the founder of Prime Trust (and Fund America) and former CEO, is moving into the NFT or non-fungible token market, aiming to provide “peace of mind” and security for these digital assets – somewhat similar to what he did for other assets. In… Read More

April 26, 2022 @ 4:42 pm By JD Alois  |  

Starling Bank, a top digital bank operating in the UK, has raised more money. According to multiple reports, Starling has raised £130 million at a £2.5 billion valuation. It was reported that Starling may use some of the new money to target acquisitions to complement… Read More

April 26, 2022 @ 1:34 pm By Omar Faridi  |  

The Depository Trust & Clearing Corporation (DTCC) recently announced that its Board of Directors has appointed Francis (Frank) La Salla, currently CEO of BNY Mellon’s Issuer Services business and a member of the BNY Mellon Executive Committee, as President and Chief Executive Officer (CEO) of… Read More

April 26, 2022 @ 12:20 pm By JD Alois  |  

Bakkt Holdings, Inc. (NYSE: BKKT), a digital asset exchange, has announced two new members for its Board of Directors. De’Ana Dow, partner and general counsel at Capitol Counsel, LLC, and Jill Simeone, Chief Legal Officer and Corporate Secretary at Etsy (NASDAQ: ETSY). Dow is described… Read More

April 26, 2022 @ 12:11 pm By JD Alois  |  

In recognition of the 10-year anniversary of the signing of the JOBS Act of 2012 – the legislation that legalized online capital formation, SeedInvest and parent company Circle have announced a Community Pitch Competition. The goal is to provide access to capital, networking, and business-building… Read More

April 26, 2022 @ 10:32 am By JD Alois  |  

Fidelity has long had an interest in the emerging digital asset sector and today the company is taking it a step further by enabling users of its service to hold Bitcoin in 401K retirement plans. Fidelity’s workplace Digital Assets Account (DAA) is said to be… Read More

April 26, 2022 @ 9:34 am By JD Alois  |  

Honeycomb Credit, a bank replacement regulated Funding Portal, has announced a partnership with Upstart Co-Lab, to offer a “first-of-its kind loan crowdfunding platform.” The new platform will enable institutional investors to participate in crowdfunded loan offerings for small businesses in creative industries across the US…. Read More