February 2023

Prince Boakye Boampong, the founder and CEO of Dash, which provides an alternative payment network with connected wallets allowing interaction between mobile money and bank accounts in Africa, has allegedly been temporarily suspended pending an investigation into financial impropriety, according to people with direct knowledge of the situation. Boampong founded the Ghanaian fintech in 2019 […]

Dash CEO placed on ‘indefinite administrative leave’ as the Insight-backed startup carries out financial audit by Tage Kene-Okafor originally published on TechCrunch

After two years of seeking regulatory approval, Wefunder has officially received the green light to operate its investment crowdfunding services within the European Union. This marks Wefunder’s first time expanding outside of the United States, and according to CEO and founder Nick Tommarello, the business is the first U.S. investment platform to gain operational approval. […]

Wefunder’s equity crowdfunding platform has officially expanded to the EU by Natasha Mascarenhas originally published on TechCrunch

French startup Brigad just raised a new $30 million funding round (€28 million) as well as more than $5 million in debt. The company operates a marketplace for restaurants, caterers, private clinics, retirement homes and hospitals so that they can find freelancers for short-term missions. Balderton Capital is leading the round, with Wendel Group, Serena […]

Brigad raises $30 million for its freelancer marketplace for hospitality and care workers by Romain Dillet originally published on TechCrunch

It was only a matter of time before frustrated customers of the fallen crypto exchange FTX went after its deep-pocketed venture backers. Indeed, the most surprising thing about a class-action lawsuit flagged earlier by Bloomberg — one that accuses Sequoia Capital, Paradigm, and Thoma Bravo of promoting FTX to the detriment of its users — […]

If Sequoia, Paradigm and Thoma Bravo settle a new lawsuit, it could upend VC; here’s why by Connie Loizos originally published on TechCrunch

Binance, the world’s largest crypto exchange, expects to pay monetary penalties to settle probes into its business in the U.S., a top executive said, in a major about-face after publicly disputing the idea that it was under any investigation and mocking media outlets that reported otherwise. In an apparent admission of breaking laws, Binance chief […]

Crypto exchange Binance expects to pay penalties to settle US investigations by Manish Singh originally published on TechCrunch

Twitter is allowing cannabis ads to run on its platform in U.S. states where cannabis is legal and in Canada, according to the company’s blog and Axios. Twitter updated its ad policy Wednesday, making it the first social media app in the U.S. to allow cannabis advertising. Google last month updated its policies to allow […]

Twitter allows cannabis ads in states where it’s legal by Rebecca Bellan originally published on TechCrunch

The SEC proposed a new rule that may back crypto companies further into a corner as regulators continue to crack down on the space.

SEC’s proposal could affect which crypto companies can manage assets by Jacquelyn Melinek originally published on TechCrunch