July 11, 2024 @ 5:39 pm By JD Alois  |  

Crowdfund Capital Advisors (CCA) has distributed its new “Crowdfunding Genome,” an ecosystem report and visualization of the crowdfunding industry. The report includes the hot spots in the US, and the Phoenix/Scottsdale region is in the top spot, beating out the traditional startup ecosystem of the… Read More

July 11, 2024 @ 3:43 pm By JD Alois  |  

The UK Financial Conduct Authority has ramped up its name and shame approach to scofflaws who allegedly commit financial services crimes. While in the US, the Securities and Exchange Commission, has long publicly posted their enforcement actions this is not as common in the UK…. Read More

July 11, 2024 @ 12:09 pm By JD Alois  |  

The UK British Business Bank has posted its Small Business Equity Tracker for 2024. The numbers aren’t so great compared to 2022, as investments in UK smaller firms tanked by 48% to £8.8 billion. The number of deals declined as well by 25% to 2152…. Read More

July 11, 2024 @ 10:01 am By JD Alois  |  

The new Labour government is expected to “embrace” the UK Fintech industry. The UK has long been a top global financial services sector, and support of Fintech is key to growth and ongoing relevance. According to a report in CityAM, the new Chancellor of the… Read More

July 10, 2024 @ 4:55 pm By JD Alois  |  

Congressman Patrick McHenry took to the floor of the House today to criticize the actions of President Joe Biden regarding his veto of HJ Res. 109 as well as the inability of FIT21 – digital asset legislation – to become law. McHenry noted that HJ… Read More

July 10, 2024 @ 3:37 pm By JD Alois  |  

Recently, the Securities and Exchange Commission (SEC) updated its website. SEC Chairman Gary Gensler said the “changes will benefit investors, issuers, and the broader public.” “I’m pleased that these updates will improve our website’s compliance with federal standards.” While you will probably always have to hunt… Read More

July 10, 2024 @ 2:16 pm By JD Alois  |  

As was reported yesterday, Seedrs has rebranded to Republic Europe. Republic, based in the US, announced the acquisition of the investment crowdfunding platform in 2021.  The re-branding is an obvious transition as Republic aims to create a global brand of online capital formation and ancillary… Read More

July 9, 2024 @ 11:09 am By JD Alois  |  

There has been a good amount of discussion regarding Mt Gox releasing (finally) Bitcoin held by the platform, along with reports that Germany is selling Bitcoin on the open market. The additional supply of Bitcoin has impacted the price of the world’s most popular digital… Read More

July 9, 2024 @ 10:50 am By JD Alois  |  

In her first speech as Chancellor, Rachel Reeves announced a new National Wealth Fund with an objective to invest in “new and growing industries.” The fund is also expected to “catalyse private sector investment.” It has been reported this new fund will be funded with £7.3 billion. At the… Read More

July 9, 2024 @ 10:36 am By JD Alois  |  

StablR, a European digital asset firm based in Malta, is reporting that it has received an Electronic Money Institution (EMI) License and is fully compliant under MiCA to offer a Euro-based stablecoin. Stablecoins are digital representations typically tied to another asset. These digital assets are… Read More

July 9, 2024 @ 9:12 am By JD Alois  |  

Seedrs, based in the UK but operating across the European continent as a securities crowdfunding platform, will rebrand as Republic Europe. Seedrs was founded in 2012 by Jeff Lynn, an American and former corporate attorney at Sullivan and Cromwell, and Carlos Silva as part of a… Read More

July 8, 2024 @ 6:18 pm By JD Alois  |  

Beyond some of the most vocal policies currently being promoted by former President Donald Trump, the 2024 GOP platform promises to “Make America Great Again” while supporting innovation in the US. As part of the innovation initiative, crypto gets a shout-out—something diametrically opposed to the… Read More

July 8, 2024 @ 3:49 pm By JD Alois  |  

SoLo Funds, a peer to peer lender, has settled allegations brought by the Attorney General of Pennsylvania. In a public statement, the AG claimed that Solo Funds “deceptively led borrowers to belive they were receiving interest free loans.” Allegedly, the loans actually incorporated “outrageously inflated… Read More

July 8, 2024 @ 3:32 pm By JD Alois  |  

Multiple US Senators and House Representatives joined recently to issue an Amicus Brief challenging the Securities and Exchange Commission’s attempt to establish climate rules in regard to reporting firms. The Investor Choice Advocates Network (ICAN), a non-profit that advocates on behalf of investors and entrepreneurs, … Read More

July 8, 2024 @ 2:40 pm By JD Alois  |  

The Financial Technology Association (FTA) has published a policy brief on the issues the association is focusing on to advance innovations in financial services. The FTA represents many different types of Fintechs with names like PayPal, Stripe, Wise, Chime, and other well-known names on the… Read More

July 8, 2024 @ 10:00 am By JD Alois  |  

  The British Business Bank has announced the Growth Guarantee Scheme, which aims to help smaller businesses access the growth capital. The program is the successor to the Recovery Loan Scheme, which was published today. The Bank said the program is expected to support around… Read More

July 5, 2024 @ 4:04 pm By JD Alois  |  

FATF [Financial Action Task Force ] met last month and provided a brief update on the global association’s attempt to reign in the cryptosphere. FATFA established the “Travel Rule” while the US held the chair of the group. This rule requires buyers and sellers of… Read More

July 5, 2024 @ 11:52 am By JD Alois  |  

While recent data can only be gleaned from Tory-led governments, ETF platform InvestEngine believes that Labour governments can generate better returns for investors – at least according to their data. It has been about 14 years since Labour last held the majority in Parliament. Since… Read More

July 5, 2024 @ 10:06 am By JD Alois  |  

As the Tories lick their wounds after a historic defeat in the polls, we wonder what Labour’s rise will mean for the vital Fintech industry and tech in general. While incoming Prime Minister Keir Starmer has published a hundred-day plan, it is not yet apparent… Read More

July 4, 2024 @ 5:35 pm By JD Alois  |  

As polls close and everyone expects a landslide win for Labour, the Payments Association in the UK has invited the next Chancellor of the Exchequer to “show leadership” and support the payments sector and Open Banking ambitions. The Payments Association has drafted a letter outlining… Read More