March 29, 2024 @ 9:00 am By Omar Faridi  |  

NewRetirement, a comprehensive, digital-first financial planning platform for consumers and enterprise partners, announced that it has closed its Series A round with $20 million in funding. The funding round was “led by Allegis Capital and joined by Ulu Ventures, Nationwide Ventures, Fin Capital, Frontier Venture… Read More

March 29, 2024 @ 8:55 am By Omar Faridi  |  

Galaxy Digital Holdings Ltd. (TSX: GLXY) released financial results for the three and twelve months ended December 31, 2023, for both itself and Galaxy Digital Holdings LP. Since the end of the fourth quarter 2023, digital asset prices “materially changed and our business has benefited… Read More

March 29, 2024 @ 8:30 am By Omar Faridi  |  

Manhattan US District Court Judge Jed S. Rakoff has given a major blow to Terraform Labs and its founder Do Kwon. Recently, Judge Rakoff dismissed a mistrial bid that was reportedly related to disclosures regarding the Terraform’s alleged deception. The notable decision was announced during… Read More

March 29, 2024 @ 8:20 am By Tony Zerucha  |  

The National Association of Industrial Bankers (NAIB), the American Financial Services Association (AFSA) and the American Fintech Council (AFC) filed a lawsuit in federal court this week, challenging a new Colorado statute they claim violates federal law by imposing interest-rate and fee caps on loans… Read More

March 29, 2024 @ 8:17 am By Omar Faridi  |  

Eaglebrook, a digital asset investment platform that provides registered investment advisors (RIAs) with direct access to bitcoin and other digital assets, announces the launch of the Franklin Templeton Digital Asset Dynamic BTC/ETH separately managed account (SMA) strategy. This strategy, which is specifically designed for RIAs… Read More

March 29, 2024 @ 8:13 am By Omar Faridi  |  

Alchemy Pay has invested in LaPay UK Ltd, a Fintech dedicated to facilitating international business growth for companies. LaPay holds an Authorised Payment Institution (API) License in the UK “with reference number 914920 and is regulated by the UK Financial Conduct Authority (FCA).” The strategic investment… Read More

March 29, 2024 @ 8:09 am By JD Alois  |  

Monzo, a UK-based digital bank, says it now can accept accounts from Limited Companies owned by other firms. These firms may now apply for a business account. In a blog post, Monzo explains that many Limited Companies are owned by individuals, but as the company… Read More

March 29, 2024 @ 7:58 am By Omar Faridi  |  

The UK’s HM Treasury is reportedly considering or looking into possibly making changes to its existing Anti-Money Laundering and Counter-Terrorist Financing (AMLCFT) framework. This may potentially mean that service providers of non-fungible token (NFT) trading platforms could get added within the applicable regulatory framework. At… Read More

March 29, 2024 @ 7:53 am By Omar Faridi  |  

Coro, the cybersecurity platform purpose-built for small and medium-sized enterprises (SMEs), announced it has secured $100 million in Series D funding led by One Peak, with participation from existing investors Energy Impact Partners and Balderton Capital. This investment round brings the total funds “raised to… Read More

March 29, 2024 @ 7:34 am By Michael Wong  |  

Bavest, a Frankfurt/Munich-based business-to-business fintech firm, has announced raising €1.1 million (about $1.2 million) in a pre-seed funding round, signaling strong market confidence in its innovative financial infrastructure solutions. The investment round draws support from a notable group of backers, including Bitpanda co-founder Christian Trummer,… Read More

March 28, 2024 @ 7:07 pm By Omar Faridi  |  

Talos, the provider of institutional digital asset trading technology, announced its integration with TP ICAP’s Fusion Digital Assets, a UK-regulated spot crypto digital assets exchange registered with the Financial Conduct Authority (FCA). The collaboration between Talos and TP ICAP “underscores a shared objective to promote… Read More

March 28, 2024 @ 5:14 pm By Omar Faridi  |  

FusionIQ, a firm focused on the delivery of cloud-based wealth management solutions with their all-in-one digital platform for financial advisors and institutions, announced the launch of its FIQ Market One on the FusionIQ One platform. The product marks a significant shift in the wealth management… Read More

March 28, 2024 @ 4:09 pm By Omar Faridi  |  

Tether Operations Limited, which claims to be the largest company in the cryptocurrency industry, announced a strategic expansion of its AI [artificial intelligence] focus, positioning itself at the forefront of innovation. This move underscores Tether’s dedication “to advancing AI accessibility and efficiency, further solidifying its… Read More

March 28, 2024 @ 3:01 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has amended existing rules to require internet investment advisers to register with the Commission. According to the SEC’s Fact Sheet, the amendments will: Require an adviser that relies upon the internet adviser exemption to provide investment advice to all… Read More

March 28, 2024 @ 2:50 pm By Omar Faridi  |  

Nubank (NYSE: NU), which claims to be one of the world’s largest digital financial services platforms, has just reached the milestone of four million customers in Nubank PJ, which offers solutions for entrepreneurs. This number represents an increase of “around 50% compared to the previous year,… Read More

March 28, 2024 @ 2:48 pm By Omar Faridi  |  

Digital asset firm Coinbase (NASDAQ:COIN) will have to face the Securities and Exchange Commmission’s (SEC) lawsuit, a Judge has recently ruled. A federal judge in Manhattan on Wednesday (March 27, 2024) stated that the US SEC’s lawsuit against Coinbase may proceed. However, the presiding judge… Read More

March 28, 2024 @ 12:00 pm By JD Alois  |  

Sam Bankman-Fried, the founder and former CEO of FTX, once a top crypto exchange, has been sentenced to 25 years in prison. The maximum sentence was 110 years. Bankman-Fried was found guilty of seven counts of fraud and conspiracy in a criminal lawsuit that rocked… Read More

March 28, 2024 @ 11:10 am By Omar Faridi  |  

ZayZoon, an Earned Wage Access (EWA) provider for small and mid-sized businesses, today announced it has raised US $15 million in an extension of its Series B financing. This investment round extension brings ZayZoon’s total Series B funding round “to 49.5 million USD.” The round… Read More

March 28, 2024 @ 11:08 am By JD Alois  |  

Yesterday, CI reported on a new circular issued by the US Consumer Financial Protection Bureau (CFPB) warning international transfer firms to stop adding “junk fees” to the transfers and demanding greater transparency in the process. Misinformation in the industry is frequent, and some providers abuse… Read More

March 28, 2024 @ 10:40 am By Omar Faridi  |  

Robinhood (NASDAQ:HOOD) CEO Vlad Tenev has unveiled a new product and feature for the Fintech firm’s clients during a session in New York City. Robinhood notes that its New Gold Standard is yet another step forward in their company’s mission to “democratize finance for all… Read More