May 20, 2024 @ 10:04 pm By Omar Faridi  |  

Grab Holdings Limited (NASDAQ: GRAB) announced unaudited financial results for the first quarter ended March 31, 2024. Anthony Tan, Group Chief Executive Officer and Co-Founder of Grab said: “Our focus on product-led growth is bearing fruit, with On-Demand GMV scaling to new highs in spite… Read More

May 20, 2024 @ 10:02 pm By Omar Faridi  |  

Coinbase Derivatives is reportedly expanding its futures offering to include Oil and Gold. On June 3, 2024, Coinbase Derivatives, part of Coinbase (NASDAQ:COIN) and a CFTC-regulated futures exchange, will launch retail-sized futures contracts “for oil and gold.” These new contracts should help traders with further… Read More

May 20, 2024 @ 9:05 pm By Omar Faridi  |  

Texas and Florida metros dominate the best places for buyers in Zillow‘s latest real estate market heat index, securing seven of the top 10 spots. But most of the country’s 50 largest metros — and the U.S. at large — “favor sellers,” according to the… Read More

May 20, 2024 @ 5:41 pm By JD Alois  |  

Mainvest, a FINRA-regulated funding portal, is ceasing operations. According to the platform’s website, the firm has raised over $30 million for issuers since its inception. A pop-up on the Mainvest website also states that payment processing is currenlty unavailable: “Due to the ongoing dispute between… Read More

May 20, 2024 @ 5:18 pm By JD Alois  |  

Following a highly critical independent review and calls for his registration, FDIC Chairman Martin Gruenberg has decided to resign from the agency. Rumblings about poor management at the regulatory agency have been rife for some time now. Gruenberg issued the following statement: “It has been my… Read More

May 20, 2024 @ 5:01 pm By JD Alois  |  

Recently, CI covered the rise in venture capital money going into digital assets. There has been renewed interest in risk capital going into crypto firms. In Q1 2024, crypto startups experienced an increase of 40.3% increase in venture funding and a 44.7% jump in deal… Read More

May 20, 2024 @ 3:54 pm By Omar Faridi  |  

The Consumer Financial Protection Bureau (CFPB) has sued the online lending platform SoLo Funds for claims the Fintech deceived borrowers about the total cost of loans. The CFPB notes that SoLo markets itself “as a consumer-friendly alternative to high-cost, short-term loans.” Solo is a Fintech… Read More

May 20, 2024 @ 3:12 pm By Omar Faridi  |  

The Federal Trade Commission (FTC) released its Fiscal Year 2023 Annual Report outlining the agency’s work to protect consumers and promote competition. FTC Chair Lina M. Khan said: “The FTC is focused on ensuring that American consumers, workers, and entrepreneurs can enjoy honest markets and… Read More

May 20, 2024 @ 11:09 am By JD Alois  |  

The Crowdfunding Professional Association (CfPA) has issued a Policy Platform containing eighteen recommendations for the investment crowdfunding industry. The CfPA believes the recommendations will help to fuel the growth of online capital formation using the Reg CF securities exemption. Brian Christie, the 2024 President of… Read More

May 20, 2024 @ 10:53 am By JD Alois  |  

The UK government has announced that the AI Safety Institute will open an office in San Francisco. This is said to be the first overseas office in San Francisco and is described as a “pivotal step” that will help the UK engage with the emerging… Read More

May 20, 2024 @ 10:28 am By Omar Faridi  |  

Credit cards have been a cornerstone of consumer payment methods for decades now, and the demand for consumer cards is only increasing. In fact, 43% of Gen Z and millennial consumers are increasing their spending on credit cards, suggesting that the market is both lucrative… Read More

May 20, 2024 @ 9:47 am By Tony Zerucha  |  

Teal, a startup in the accounting infrastructure for vertical SaaS businesses sector, has revealed an $8 million Seed round today. Founded in 2023 by Ian Crosby, former head of financial services at Shopify and CEO and co-founder of Bench Accounting, Teal allows vertical SaaS businesses… Read More

May 20, 2024 @ 9:05 am By Omar Faridi  |  

A new report by EUROCROWD titled “Crowdfunding’s Role in Catalyzing Local and Rural Development in Spain” in collaboration with the Universidad Camilo José Cela, UAM Universidad Autonoma de Madrid Centro de Investigación sobre Justicia Administrativa, and Simbiosis HUB, “delves into the extensive impact of crowdfunding… Read More

May 20, 2024 @ 9:00 am By Tony Zerucha  |  

Socure, a provider of artificial intelligence for digital identity verification, sanction screening and fraud prevention, today unveiled research study findings revealing that 35% of Gen Zers in the U.S. and nearly one-third of legal immigrants are “Digital Ghosts.” A Digital Ghost has little to no… Read More

May 20, 2024 @ 7:43 am By Michael Wong  |  

Yendo, the creator of the first vehicle-secured credit card, announced that it has closed a significant financing round, totaling $165 million. This includes $150 million in debt financing led by i80 Group, with an additional $15 million in equity from undisclosed strategic investors. The funds… Read More

May 20, 2024 @ 7:42 am By Omar Faridi  |  

Tether Operations Limited, which claims to be among the largest company in the digital asset industry, is joining forces with Oobit, a mobile payment app, and the TON Foundation to revolutionize the use of cryptocurrencies as a means of payment, offering users a seamless and… Read More

May 20, 2024 @ 7:41 am By Omar Faridi  |  

Socure, the provider of artificial intelligence for digital identity verification, sanctions screening, and fraud prevention, today released a new report titled, “The State of Digital Identity in 2024”, in partnership with The Center for Digital Government. According to the Government Accountability Office, the federal government… Read More

May 20, 2024 @ 7:39 am By Omar Faridi  |  

While sharing insights at the European Anti-Financial Crime Summit, Deputy Governor of the Central Bank of Ireland Derville Rowland said: “The commitment of European leaders to introduce a single rulebook for Anti-Money Laundering (AML) and the creation of a new European AML supervisory and financial… Read More

May 20, 2024 @ 7:38 am By Tony Zerucha  |  

Findings from the newly released Q1 2024 Quarterly Credit Industry Insights Report from TransUnion reveal that the consumer credit market continues to show resiliency in the face of a challenging economic environment as consumers continue to turn to credit to help manage higher costs. Despite… Read More

May 20, 2024 @ 7:33 am By Omar Faridi  |  

The highly-anticipated fourth Bitcoin halving occurred a little after 8:09 p.m. ET on Friday April 19, 2024. Initially, Bitcoin traded flat in “the immediate aftermath of the halving, holding steady around $63,000, but finished the month at $60,636, a drop of 15% on the closing… Read More