May 1, 2022 @ 4:27 pm By JD Alois  |  

The Securities and Exchange Commission is currently pursuing new rules under the auspices of ESG: Environmental, Social, and Governance. In March of 2022, SEC Chairman Gary Gensler explained they were aiming to require disclosure for firms on issues such as climate impact. He explained: “The… Read More

April 30, 2022 @ 6:26 pm By JD Alois  |  

Crypto donations from around the world have aided both the Ukraine government as well as certain private firms like digital news sites covering the ongoing war with Russia. Crypto transfers can be low-cost and moved quickly (depending on the digital asset) and charitable transfers to… Read More

April 30, 2022 @ 5:48 pm By JD Alois  |  

  It was reported earlier this month that crypto startup Beanstalk was the target of an exploit that saw a theft of up to $180 million in value. Around the time of the Attack, the Bean team stated “We’re engaging all efforts to try to… Read More

April 29, 2022 @ 5:33 pm By JD Alois  |  

The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee (SBCFAC) has scheduled a meeting to discuss two specific topics: SPACs or Special Purpose Acquisition Companies and Climate Disclosure. The meeting will take place on Friday, May 6, 2022. According to a statement by… Read More

April 29, 2022 @ 5:09 pm By JD Alois  |  

CoinList has announced the launch of CoinList Digital Asset Services. CoinList described the business line as a “new chapter ” for the digital asset firm. CoinList is a digital asset issuance ecosystem as well as a trading platform. The company has powered many big crypto… Read More

April 29, 2022 @ 4:26 pm By JD Alois  |  

Relai, a Bitcoin trading app, says it has quickly surpassed its offering goal on Crowdcube in just a few hours. According to the company, Relai reached its fundraising target on Crowdcube within the first few hours. Pepe Borrell, VP of international at Crowdcube, said that… Read More

April 29, 2022 @ 12:58 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged Steven Chiang a/k/a Cyrus Kong, Eric Tippetts, James Hardy, and Maurice “Butch” Chelliah in regards to an alleged digital asset offering that has been deemed an unregistered securities offering. According to the other SEC, the defendants raised… Read More

April 29, 2022 @ 12:48 pm By JD Alois  |  

Insurtech Draftrs has announced professional liability insurance for smaller firms. According to a company statement, coverage is completed via a digital process with instant underwriting. Draftrs added that it is launching the professional liability insurance product specifically targeting architects and engineers, developed in collaboration with… Read More

April 29, 2022 @ 12:38 pm By JD Alois  |  

Genesis, a crypto asset spot and derivatives trading platform, has distributed a report on Q1 performance. According to Genesis, it was a record quarter in crypto derivatives trading in contrast to the lower crypto trading volumes and volatile market exacerbated by the war in Ukraine,… Read More

April 29, 2022 @ 11:01 am By JD Alois  |  

CoinFLEX, a crypto futures exchange and yield platform, has announced the launch of a US-facing marketplace CoinFLEX.US. CoinFLEX is ostensibly based in Seychelles. Based in Miami – a burgeoning Fintech hub, the US subsidiary will offer zero-fee trading and interest-earning stablecoin flexUSD. CoinFLEX is backed… Read More

April 29, 2022 @ 10:39 am By JD Alois  |  

Robinhood (NASDAQ:HOOD) reported earnings this week and they were dismal. Besides negative numbers on both the top and bottom lines, Robinhood reported that Monthly Active Users (MAUs) dropped by a whopping 10% going from 15.9 million in March 2022 from 17.7 million in March 2021…. Read More

April 29, 2022 @ 9:18 am By JD Alois  |  

This week the Times published an article on the Future Fund and its performance, slamming it for “over 30 failures.” Managed by the British Business Bank, the Future Fund was one of several COVID support programs designed to backstop firms impacted by the pandemic. The… Read More

April 28, 2022 @ 4:28 pm By JD Alois  |  

Robinhood (NASDAQ:HOOD), a social investment platform that marries digital assets with traditional securities, has reported Q1 earnings and they are a bit disappointing. Robinhood said that net revenues decreased to $299 million in comparison with $522 million in the first quarter of 2021, a whopping… Read More

April 28, 2022 @ 4:15 pm By JD Alois  |  

Big tech firm and iPhone creator Apple (NASDAQ:AAPL) is going to be hammered once again by the European Union. This time with accusations that Apple Pay is anti-competitive. Apple Pay was introduced by Apple in 2014 along with iPhone 6 and has been slowly rolled… Read More

April 28, 2022 @ 3:52 pm By JD Alois  |  

    A couple of weeks back, CI held a webinar with two investment platforms, Rialto Markets and Republic,  which both sell securities online. The topic of discussion was deal quality and the different types of securities issuers pitch when pursuing an investment crowdfunding offering…. Read More

April 28, 2022 @ 10:38 am By JD Alois  |  

Oddity, an early-stage beauty and health startup that has captured significant traction, has posted the information on its security token offering which is being powered by Securitize. As was reported yesterday, Oddity CEO and co-founder Oran Holtzman said they are democratizing investor opportunity by offering… Read More

April 28, 2022 @ 9:35 am By JD Alois  |  

The Securities and Exchange Commission has issued charges against Block Bits Capital, LLC, Block Bits Capital GP I, LLC, and the co-founders Japheth Dillman and David Mata, alleging fraudulent offering of unregistered securities. Block Bits along with Dillman and Mata, apparently raised about $1 million… Read More

April 28, 2022 @ 9:17 am By JD Alois  |  

French biotech firm HCS Pharma, will be offering pre-IPO securities via a security token offering on the European Digital Assets Exchange or EDSX. EDSX entered the digital security space earlier this month announcing that it had completed all of the necessary requirements to operate as an… Read More

April 28, 2022 @ 8:51 am By JD Alois  |  

The House Committee on Financial Services has a busy day planned. Frist, a full Committee hearing is scheduled to address “Oversight of the Financial Crimes Enforcement Network”  or FinCEN. FinCEN is the enforcement arm of the US Department of Treasury. Himamauli “Him” Das, Acting Director… Read More

April 27, 2022 @ 10:37 pm By JD Alois  |  

  Finbots.AI, an “Artificial Intelligence-envisioned” firm for financial services, has raised $3 million in a Series A round funded by a single investor – Accel. The VC made the investment via its Fund VII and is said to be the first external investment Finbots.AI has raised…. Read More