Tagged: us

April 24, 2025 @ 11:17 am By Omar Faridi  |  

Chainalysis has noted that on April 7, 2025, Deputy Attorney General Todd Blanche issued a pivotal memorandum, now widely known as the “Blanche Memo,” marking a significant shift in the U.S. Department of Justice’s (DOJ) approach to digital asset enforcement. This directive signals the end… Read More

April 24, 2025 @ 8:03 am By Omar Faridi  |  

Charlotte, North Carolina, is solidifying as a hub for financial technology, thanks to a significant investment from Coinbase (NASDAQ:COIN). The company has announced plans to hire over 130 employees in the city, tapping into the region’s rich pool of fintech talent. This move underscores Charlotte’s… Read More

April 23, 2025 @ 5:52 am By Omar Faridi  |  

In its first-quarter earnings report released on April 22, 2025, Tesla (NASDAQ:TSLA) confirmed that it held steady with its Bitcoin reserves, maintaining a total of 11,509 Bitcoin throughout the period. The electric vehicle giant did not sell any of its cryptocurrency holdings, however, Tesla‘s holding… Read More

April 23, 2025 @ 1:13 am By Omar Faridi  |  

Nomura and Macquarie announced that they have entered into an agreement for Nomura to acquire Macquarie’s U.S. and European public asset management business, with approximately “$180 billion in retail and institutional client assets across equities, fixed income and multi-asset strategies.” Under the terms of the… Read More

April 22, 2025 @ 12:51 pm By Omar Faridi  |  

MAGFAST has reportedly secured substantial funding across several different offerings carried out via Netcapital. According to a release, this is the second-largest total amount secured under Reg CF in the consumer packaged goods industry per KingsCrowd. Netcapital Inc. (Nasdaq: NCPL, NCPLW), a digital private capital… Read More

April 21, 2025 @ 1:42 pm By Omar Faridi  |  

The private market regulatory environment is evolving, presenting challenges and opportunities for venture capital fund managers. As compliance obligations become more complex, even experienced professionals struggle to catch up with the latest developments. Carta, a platform for equity management and fund administration, has responded to… Read More

April 19, 2025 @ 10:53 am By Omar Faridi  |  

The Office of the Comptroller of the Currency (OCC) announced that it has “conditionally” approved the merger of Discover Bank, Greenwood, Delaware, into Capital One, National Association, McLean, Virginia. The OCC conducted a fulsome review of the application “submitted March 21, 2024, to ensure all… Read More

April 18, 2025 @ 11:46 am By Omar Faridi  |  

LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America’s digital marketplace bank, announced it has entered into a definitive agreement to acquire a “233,887 square foot property located at 88 Kearny Street in San Francisco for $74.5 million.” The property, which will serve… Read More

April 18, 2025 @ 8:12 am By Omar Faridi  |  

Regulation is a hot topic in the US and UK, with massive changes over recent months, but what effect will this have on consumers. Monica Eaton, Founder and CEO of Chargebacks911, explores Trump’s impact on the regulators and what effect he is having across the… Read More

April 18, 2025 @ 8:09 am By Omar Faridi  |  

Engine by Starling, the Software-as-a-Service (SaaS) business born from UK’s Starling Bank, has established its overseas subsidiary in the United States as a platform from which it will strategiclaly expand operations in the North American market. Engine by Starling Services US LLC, reportedly registered in… Read More

April 18, 2025 @ 12:20 am By Omar Faridi  |  

Chime, the San Francisco-based fintech company known for its consumer-centric banking services, continues to make strides in promoting financial progress for everyday Americans. Recent updates from US consumer Fintech Chime highlight its commitment to financial empowerment, community engagement, and thought leadership. These initiatives include a… Read More

April 16, 2025 @ 9:01 am By Omar Faridi  |  

OKX US CEO Roshan Robert noted that over the years, they have had the opportunity to contribute to initiatives that deepened their appreciation for the potential of blockchain technology. Robert added that they’ve watched the industry evolve from its earliest days to where it stands… Read More

April 16, 2025 @ 8:00 am By Omar Faridi  |  

bunq, which claims to be among some of the largest neobanks in Europe, is moving forward with its US banking license process, according to an update shared with CI. The company has filed for a broker-dealer license as “part of a two-phase strategy to enter… Read More

April 15, 2025 @ 8:14 am By Omar Faridi  |  

Kraken, which claims to be one of the longest standing and most secure cryptocurrency platforms, announced the initial rollout of commission-free trading for over 11,000 U.S.-listed stocks and ETFs to “clients in New Jersey, Connecticut, Wyoming, Oklahoma, Idaho, Iowa, Rhode Island, Kentucky, Alabama and the… Read More

April 14, 2025 @ 3:44 pm By Omar Faridi  |  

The FINRA Investor Education Foundation (FINRA Foundation) released preliminary findings from the National Financial Capability Study, which will be published in July. The FINRA Foundation is previewing the data this month—National Financial Capability Month—to “provide insight into the overall financial knowledge of adults in the… Read More

April 13, 2025 @ 5:43 pm By Omar Faridi  |  

DailyPay, a worktech company specializing in earned wage access (EWA), has made significant strides to enhance financial flexibility for workers while navigating regulatory challenges. Recent developments shared by DailyPay underscore its commitment to empowering employees and strengthening employer relationships: a renewed partnership for Financial Literacy… Read More

April 11, 2025 @ 2:31 pm By Omar Faridi  |  

The Bank of New York Mellon Corporation (BNY) (NYSE: BK) has piloted the “first” intraday repo trade settled through its triparty infrastructure. The USD-denominated pilot transaction, which “took place in February, saw UBS borrowing cash from Swiss Re while delivering collateral via BNY’s global collateral… Read More

April 11, 2025 @ 7:49 am By Omar Faridi  |  

CoinList has announced the return of the fiat-to-crypto onramp. CoinList noted that users may fund their USDC account with US Dollars (USD) or Euros (EUR) directly via credit card, debit card, Apple Pay, and Google Pay (ACH, SEPA, and wire deposits coming soon). CoinList also… Read More

April 9, 2025 @ 9:32 pm By Omar Faridi  |  

Galaxy Digital Holdings Ltd. announced that the U.S. Securities and Exchange Commission (SEC) has declared effective the Registration Statement on Form S-4 relating to the company’s previously announced reorganization and domestication from the Cayman Islands to Delaware and proposed “listing on the Nasdaq Global Select… Read More

April 8, 2025 @ 8:06 am By Omar Faridi  |  

  The Consumer Financial Protection Bureau’s (CFPB) recent shutdown caused a ripple across the industry and calls into question many regulations, including the status of the October open banking ruling. As the situation continues to evolve, CI caught up with Aaron Byrne, Head of Financial… Read More