November 7, 2024 @ 6:06 pm By JD Alois  |  

Embedded lending platform Groov has raised £1.5 million in seed funding, according to a note from the firm. The Fintech says the money will drive the next generation of embedded lending, offering more options, better terms, and higher approval rates via a simple API. Fuel… Read More

November 7, 2024 @ 2:33 pm By JD Alois  |  

The US Federal Reserve has cut rates once again following a 50 basis point cut in September. Today, the Fed reduced benchmark rates by 25 bps. In the FOMC [Federal Open Market Committee] statement, it was noted that inflation has “made progress” towards its 2%… Read More

November 7, 2024 @ 11:30 am By JD Alois  |  

  Former President Donald Trump has delivered a crushing blow to Vice President Kamala Harris and the broader Democrat party. For the moment, there is a lot of introspection and finger-pointing as to how Trump could have won both the Electoral College and the popular… Read More

November 7, 2024 @ 9:36 am By JD Alois  |  

R3 and its Corda platform have been selected to provide services for the European DLT [distributed ledger technology] pilot regime. Corda is the first DLT to be approved by ESMA [the European Securities and Markets Authority] The DLT Pilot Regime opened up applications in the… Read More

November 7, 2024 @ 9:20 am By JD Alois  |  

The Bank of England has cut benchmark rates by 0.25 basis points (bps) to 4.75%. The move was largely expected by markets. The Bank shared that its Monetary Policy Committee (MPC) voted 8–1 to reduce the rates, with one member voting to hold the rate… Read More

November 6, 2024 @ 4:35 pm By JD Alois  |  

Wall Street is booming today following a decisive victory by former President Donald Trump as he trounced Vice President Kamala Harris in the Presidential election. Trump won both the Electoral College as well as the popular vote. At the same time, the Republicans captured the… Read More

November 6, 2024 @ 1:22 pm By JD Alois  |  

The British Business Bank has published a report on venture capital activity in the UK. The research states that the performance of UK VC funds declined slightly during the 2023/24 period, matching the US and the rest of Europe. While conditions are said to be… Read More

November 6, 2024 @ 8:49 am By JD Alois  |  

The Small Business & Entrepreneurship Council (SBE Council) has issued a statement following the election of Donald Trump as the nation’s 47th President. SBE Council is a non-partisan advocacy group that seeks to promote policies that support smaller firms and entrepreneurs. The group frequently comments… Read More

November 6, 2024 @ 8:29 am By JD Alois  |  

In the past 24 hours, Bitcoin (BTC) has increased in value by over 7%, now at around $74,000, following the victory of former President Donald Trump, who won both the electoral vote and the popular vote, earning a mandate for change. Unlike his opponent, Vice President Kamala Harris,… Read More

November 5, 2024 @ 2:10 pm By JD Alois  |  

Cross River Bank, a New Jersey State chartered FDIC-insured bank says that its Commercial Banking Group (CBG) has closed more than $1 billion in financing over the past 12 months. Cross River reports that funding has been spread across 65 loans nationwide, the deals ranged… Read More

November 5, 2024 @ 11:00 am By JD Alois  |  

Paul Grewal, Chief Legal Officer at Coinbase (NASDAQ:COIN), has taken to X to air his grievance with the ongoing US Federal Government attempting to impede the development of digital asset firms. Commenting on their FOIA [Freedom of Information Act] request, Grewal says that the FDIC… Read More

November 5, 2024 @ 7:46 am By JD Alois  |  

In the past week, Bitcoin (BTC) has swung between ~$73,000 and $64,000 displaying significant volatility in the run up to today’s Presidential election. Conventional wisdom is that crypto markets will boom if former President Donald Trump is elected. Things are so clear if Vice President… Read More

November 5, 2024 @ 7:34 am By JD Alois  |  

The Capital Gains Tax (CGT) is moving higher in the UK, and firms and individuals are adjusting their behaviour. One way to mitigate CGT is to invest in companies that qualify under the EIS/SEIS/VCT programs, as there are potentially no capital gains taxes paid at… Read More

November 4, 2024 @ 4:22 pm By JD Alois  |  

The election tomorrow for the US President will be close. That is viewed as a given. As many people on both sides of the fence view the election as “the most important election in our lifetime” the electorate will be watching the outcome closely. So… Read More

November 4, 2024 @ 10:06 am By JD Alois  |  

Open banking enabler Salt Edge has announced a partnership with the Central Bank of Bahrain (CBB) to boost its tech stack in regard to its Open Banking Framework and requirement for banks to have APIs for corporate accounts. Bahrain is said to be the first… Read More

November 4, 2024 @ 9:43 am By JD Alois  |  

Last week, the Labour government outlined its budget for the forthcoming year. The Autumn Budget, delivered by Chancellor of the Exchequer Rachel Reeves, sought to address a “black hole” of insufficient funds to fund the government’s programs. One path to generate more funds was an… Read More

November 3, 2024 @ 6:37 pm By JD Alois  |  

The Securities and Exchange Commission’s (SEC), Small Business Capital Formation Advisory Committee (SBCFAC) has added new members to the committee. According to a statement issued by the SEC, four new members have joined the independent Committee that aims to advise the Commission on policies that… Read More

November 1, 2024 @ 4:14 pm By JD Alois  |  

Earlier this year, CI reported on a consultation in the UK on Public Offer platforms [POP]. This is part of an initiative to improve the capital-raising environment for firms in the UK. Currently, in the UK, issuers typically are capped at pursuing online securities offering… Read More

October 31, 2024 @ 11:47 am By JD Alois  |  

Yesterday, the UK government revealed its new budget and the changes being made to cover a deficit while attempting to fuel economic growth. While the punditry will be digesting the statement from the Chancellor of the Exchequer, Rachel Reeves, for days, CI has received a… Read More

October 31, 2024 @ 10:54 am By JD Alois  |  

Tether, a dollar-based stablecoin (USDT), has a market capitalization of over $120 billion. It is one of the most popular “cryptocurrencies” in the world, only topped by Bitcoin and Ether in total value. The stablecoin was launched ten years ago this October and has become… Read More