January 27, 2021 @ 1:30 pm By JD Alois  |  

The European Crowdfunding Network (ECN) has long been the leading voice advocating on behalf of investment crowdfunding platforms across Europe. The member-driven group has been at the forefront of engaging with policymakers at the European Commission – an initiative that finally paid off when new… Read More

January 27, 2021 @ 10:53 am By JD Alois  |  

A week ago, GameStop (NYSE:GME) was trading at around $37/share. Today, GameStop is trading at around $277  $334 a share – jumping by over 80%  120% today alone. If you thought the ICO rave was crazy, think again. More mundane traditionally regulated markets may be… Read More

January 27, 2021 @ 10:17 am By JD Alois  |  

Bilderlings, a UK based neobank that is an authorised e-money institution, has launched a new “onboarding” process for potential users, according to a note from the Fintech. Bilderlings remote online onboarding for individuals is said to enable users to register, submit documents, and have a… Read More

January 27, 2021 @ 9:53 am By JD Alois  |  

The digital banking sector will get a bit more crowded in the UK following the news that JP Morgan (NYSE:JPM) is planning to launch a digital bank in the country. JP Morgan will follow in the footsteps of Marcus, created by Goldman Sachs, entering the… Read More

January 27, 2021 @ 8:51 am By JD Alois  |  

Squeezed somewhere between “cancel culture” and “gig worker” the term crowdfunding has been added to the august Merriam-Webster dictionary. Although crowdfunding has been in use for more than a decade (unlike cancel culture which is more recent), it appears that the etymologists at Merriam-Webster have… Read More

January 27, 2021 @ 8:36 am By JD Alois  |  

Digital bank Zopa continues to add new features and services seeking to boost its allure for new and existing consumers. Today, Zopa has announced a new feature that allows its users to compare energy services to lower their monthly cost. Zopa has teamed up with Decision… Read More

January 27, 2021 @ 8:26 am By JD Alois  |  

British Business Investments has committed £10 million to Syndicate Room. British Business Investments is a subsidiary of the British Business Bank. Syndicate Room was previously an investment crowdfunding platform that has since migrated to a fund model. According to a noted from Syndicate Room, the… Read More

January 26, 2021 @ 8:38 pm By JD Alois  |  

The US Federal Reserve has announced that more than 110 organizations will participate in the FedNow Pilot Program. FedNow is a payments initiative to speed up payments and transfers. A consultation with a variety of stakeholders took place in 2018 with the concept of FedNow… Read More

January 26, 2021 @ 8:11 pm By JD Alois  |  

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services announced the six Committee Members who will serve as Subcommittee Chairs for the 117th Congress. Chair Waters issued the following statement: “I am pleased to announce the very experienced, dedicated, diverse, and talented… Read More

January 26, 2021 @ 8:00 pm By JD Alois  |  

FinCEN has submitted for publication in the Federal Register an Extension Notice, which will extend the comment period on its Notice of Proposed Rulemaking (NPRM) regarding certain transactions involving virtual currency or digital assets. FinCEN, part of the US Department of Treasury, came under criticism… Read More

January 26, 2021 @ 3:22 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has filed a federal civil enforcement action in the U.S. District Court for the Southern District of New York charging Jeremy Spence of New York, alleging fraud for operating a Ponzi scheme involving digital assets such as Bitcoin and… Read More

January 26, 2021 @ 11:53 am By JD Alois  |  

Birchal, the leading investment crowdfunding platform in Australia, has published a report on the entire sector of online capital formation as well as platform performance. The report tracks progress in the Australian “crowd-sourced funding” (CSF) industry (investment crowdfunding) via data aggregated by Birchal. The information… Read More

January 26, 2021 @ 10:32 am By JD Alois  |  

Shares in Overstock (NASDAQ:OSTK) jumped higher in early morning trading following the announcement that Medici Ventures, a wholly-owned subsidiary of Overstock that focuses on emerging blockchain technology, will be migrated to a new “fund” structure managed by VC Pelion Venture Partners. As reported yesterday, Medici,… Read More

January 26, 2021 @ 9:27 am By JD Alois  |  

SIA, a subsidiary of CDP Equity – a holding company of Cassa depositi e prestiti Group that is a digital payments provider and tech-solution for financial services, has signed an agreement with WizKey to launch a platform available to banks, funds, and financial operators to negotiate… Read More

January 25, 2021 @ 10:45 pm By JD Alois  |  

Dr. Janet Yellen was unanimously voted out of committee the Senate Finance Committee on January 22nd and approved by the Senate today in a vote of 84 for the nomination and 15 against (and one not voting). In being approved, Yellen became the first female… Read More

January 25, 2021 @ 4:21 pm By JD Alois  |  

Overstock (NASDAQ:OSTK) has migrated Medici Ventures to a limited partnership while enlisting Pelion Venture Partners to act as the general partner of the fund. Medici oversees a number of blockchain-focused ventures including tZero. Overstock will be a limited partner in the fund. Shares in Overstock… Read More

January 25, 2021 @ 3:58 pm By JD Alois  |  

StartEngine, a leading investment crowdfunding platform, has filed another Form 1-A indicating its intent to list a Reg A+ offering labeled StartEngine Loans Fund I LLC. The loan fund is described in the offering circular as follows: “StartEngine Loan Fund I LLC’s mission is to… Read More

January 25, 2021 @ 3:22 pm By JD Alois  |  

Earlier this month, Wefunder, a leading securities crowdfunding platform, distributed a tweet highlighting Q4 performance in the Reg CF crowdfunding sector. According to the numbers generated by Kingscrowd, Wefunder dominated this sector of online capital formation. Now crowdfunding encompasses other exemptions, including Reg A+ and… Read More

January 25, 2021 @ 1:53 pm By JD Alois  |  

The [William M. (Mac) Thornberry] National Defense Authorization Act for Fiscal Year 2021 (HR 6395) was signed into law at the beginning of this month. While the title of the law is pretty accurate as the bulk of the legislation addresses defense issues, buried within… Read More

January 25, 2021 @ 10:16 am By JD Alois  |  

Grayscale, the creators of multiple publicly traded crypto funds, has committed $1 million to Coin Center – the well-known crypto non-profit and advocacy group. Additionally, Grayscale said it would top up this amount with another $1 million in matching funds through February 2021. The matching… Read More