April 16, 2021 @ 7:43 pm By JD Alois  |  

Coinbase closed its inaugural trading week at a valuation of around $63 billion after opening higher than its reference price on the NASDAQ this past Wednesday. At one point, Coinbase was valued at over $100 billion. Of course, there has been a lot of commentary… Read More

April 16, 2021 @ 1:51 pm By JD Alois  |  

Earlier today, the official newspaper of Turkey published new regulations issued by the Central Bank of Turkey. According to the new rules, crypto-assets may no longer be used as a form of payments or transfers as of April 30, 2021. According to Reuters, Ahmed Faruk… Read More

April 15, 2021 @ 10:11 pm By JD Alois  |  

The Chairwoman of the House Committee on Financial Services, Maxine Waters, and the Chairman of the Senate Committee on Banking, Sherrod Brown, have jointly announced a new round of hearings that will see the CEOs of the top US banks testify in front of each… Read More

April 15, 2021 @ 9:45 pm By JD Alois  |  

Switzerland-based METACO, a provider of security-critical infrastructure for the digital asset ecosystem, has launched METACO Harmonize, an “end-to-end digital asset orchestration system for institutions.” So what exactly is “digital asset orchestration”? METACO explainst that it is a system of applications to manage a range of… Read More

April 15, 2021 @ 4:55 pm By JD Alois  |  

In a blog post today, Robinhood responded to an attempt by the State of Massachusetts Securities Division to revoke Robinhood’s broker-dealer license in the state thus blocking its ability to operate. Robinhood said they have filed in Massachusetts State Court a complaint and motion for… Read More

April 15, 2021 @ 1:36 pm By JD Alois  |  

Sotheby’s first NFT [non-fungible token] sale completed yesterday.  The digital artist known as Pak sold multiple NFTs for almost $17 million. Hosted on Gemini’s Nifty Gateway, the sale allowed collectors to bid on NFTs for limited-edition artworks in “The Fungible Collection” and open edition artworks… Read More

April 15, 2021 @ 11:30 am By JD Alois  |  

Accelerated Payments, an invoice financing platform, reports that it has now advanced €300 million worth of financing to SMEs across the UK, Europe, and North America since its inception. Founded in 2017 and based in Dublin, with offices in London and Toronto, Accelerated Payments has… Read More

April 15, 2021 @ 10:56 am By JD Alois  |  

Swisscom has joined with financial firms SEBA, Sygnum, Vontobel, and Swissquote, to pilot the Swiss Institutional Digital Asset Reference Rate (SIDAR). According to a public statement, during a two-week testing period, the partners carried out daily fixings for Bitcoin and Ether. The banks acted as… Read More

April 15, 2021 @ 10:19 am By JD Alois  |  

Solar investment marketplace Trine is reporting that a debt offering seeking €750 000 closed in just 5 hours, the fastest loan funded through Trine’s impact investment platform to date. The investment platform said that the debt financing for Redavia, a firm offering solar farms to… Read More

April 15, 2021 @ 7:00 am By JD Alois  |  

Linked Finance, a peer-to-peer lending platform serving Ireland, has surpassed €150 million in loans to Irish SMEs, according to a note from the company. The milestone was passed as the company issued €9.6 million in loans in the first quarter of 2021, up 4% versus… Read More

April 14, 2021 @ 11:56 pm By JD Alois  |  

Equisafe, a Paris-based digital blockchain-based transfer agent, has announced the launch of Equisafe Markets, a secondary market for digital securities. Equisafe said that the first listing on the market will be Carthagea, a French operator of medicalized residences in Tunisia with its head office in France…. Read More

April 14, 2021 @ 10:21 pm By JD Alois  |  

Coinbase, perhaps the most anticipated public listing of 2021, commenced trading on the Nasdaq today following a direct listing that started with a reference per-share value of $250 and quickly went higher from there. Listed under the ticker symbol COIN, Coinbase traded as high as… Read More

April 14, 2021 @ 3:21 pm By JD Alois  |  

In a floor vote yesterday, the US Senate approved the selection of Gary Gensler as the next Chairman of the Securities and Exchange Commission. The current SEC Commissioners joined in welcoming the new Chair stating: “A warm congratulations to Gary Gensler on his Senate confirmation… Read More

April 14, 2021 @ 10:02 am By JD Alois  |  

Manuel Silva Martinez, General Partner of Mouro Capital (formerly Santander InnoVentures), has distributed a note on Bitcoin and the environmental impact of the world’s most popular crypto. Martinez is criticizing BTC just as it rockets to new all time highs – currently trading at around… Read More

April 14, 2021 @ 8:28 am By JD Alois  |  

Goldman Sachs (NYSE:GS) released Q1 earnings results this morning and the prominent investment bank delivered a beat on both top and bottom line. According to the release, Goldman’s revenue came in at $17.7 billion with net earnings at $6.84 billion or EPS of $18.6 during… Read More

April 14, 2021 @ 7:36 am By JD Alois  |  

SEC Commissioner Hester Peirce has posted an update to her Token Safe Habor proposal. Back in February 2020, Commissioner Peirce revealed her proposal in an effort to create a regulatory environment that supported Fintech innovation while acknowledging the unique characteristics of digital assets. Since the… Read More

April 13, 2021 @ 11:47 pm By JD Alois  |  

In a significant endorsement of the city, Goldman Sachs (NYSE:GS) has opened an office in Birmingham, UK – a community that has been promoting itself as an alternative to super pricey London. Goldman Sachs stated that Birmingham offers access to a deep talent pool, excellent… Read More

April 13, 2021 @ 10:38 pm By JD Alois  |  

Online lender SocietyOne has appointed Melanie Cochrane and Jamie McPhee as independent non-executive Directors. Cochrane is a former Senior Vice President at American Express, where she led the Merchant Services business for the Asia Pacific region and, prior to that, Corporate Payments. McPhee has extensive… Read More

April 13, 2021 @ 6:40 pm By JD Alois  |  

Former CEO and co-founder of Polymath, Trevor Koverko, has been arrested in Toronto according to a report in the Toronto Sun. A well-known platform in the security token sector of blockchain, Polymath was an early entrant in the ongoing push to digitize securities. According to… Read More

April 13, 2021 @ 12:27 pm By JD Alois  |  

The Cere token offering on Republic has quickly hit its max funding target of $26.3 million according to the offering page. The security token offering reportedly went live at 10 AM ET this morning to intense demand – investor interest was so robust it was… Read More