March 14, 2024 @ 10:50 am By JD Alois  |  

Anchorage Digital, a company that operates the only digital asset-focused chartered bank, has appointed a new General Counsel. According to a statement by the firm, TuongVy Le has stepped into the executive role. A graduate of Yale Law, Ve formerly worked at the Securities and… Read More

March 14, 2024 @ 10:08 am By JD Alois  |  

UK Finance is reporting today that demand for SME financing improved in Q4 of 2023. Last year was difficult for all firms as markets, both public and private, sagged. This was due to rising interest rates paired with inflation as well as geopolitical challenges. However,… Read More

March 13, 2024 @ 3:52 pm By JD Alois  |  

The Canadian Securities Administrators (CSA) has recognized the launch of the Canadian Sustainability Standards Board’s (CSSB) consultation on Canadian Sustainability Disclosure Standards. This has to do with climate disclosure. The CSA pointed to the fact that the US has recently added climate disclosure regulations, requiring… Read More

March 13, 2024 @ 3:41 pm By JD Alois  |  

Italy Crowd, a real estate investment platform, has decided to withdraw its application with CONSAB, the securities regulator in Italy, to issue securities under the new EU securities crowdfunding rules. At the same time, Italy Crowd has formed a partnership with Bridge Asset – another… Read More

March 13, 2024 @ 12:09 pm By JD Alois  |  

Financement Participatif France (FPF), the French Crowdfunding Association, has distributed an X that highlights women’s participation in the securities crowdfunding sector. Notoriously, the VC sector has supported fewer female-founded firms than crowdfunding platforms. Recently, Financement Participatif posted a report on investment crowdfunding activity in the… Read More

March 13, 2024 @ 10:34 am By JD Alois  |  

Honeycomb Credit, a FINRA-regulated funding portal that provides online capital formation for small businesses, is reporting that it has surpassed $25 million in money raised for small businesses. Honeycomb can help SMEs sell securities online under the Reg CF (Regulation Crowdfunding) securities exemption. Firms may… Read More

March 12, 2024 @ 4:45 pm By JD Alois  |  

In an 8-K filed with the Securities and Exchange Commission, Coinbase (NASDAQ:COIN) indicated its intent to raise up to $1 billion in funding in a convertible debt offering. Coinbase stated the convertible senior notes are due in 2030. Coinbase also intends to grant the initial… Read More

March 12, 2024 @ 3:38 pm By JD Alois  |  

Slamming the Securities and Exchange Commission (SEC) as pursuing a “power grab” by utilizing enforcement actions, Coinbase (NASDAQ:COIN) has launched another missile in the ongoing battle with the nation’s top securities regulator. The opening brief filed with the US Court of Appeals challenges the decision… Read More

March 12, 2024 @ 3:21 pm By JD Alois  |  

Republic is not only the largest investment crowdfunding operator in the world but it is also very active in the crypto-sphere. Republic also offers its own digital asset – the Republic Note which trades on INX, a digital asset platform in which Republic has invested…. Read More

March 12, 2024 @ 3:02 pm By JD Alois  |  

Fundrise, an online investment platform that specializes in real estate assets, has received a $770 million credit facility from JP Morgan. The financing was revealed earlier this month and is expected to be used for “35 purpose-built rental communities” or 4000 build-for-rent (BFR) units. These… Read More

March 12, 2024 @ 12:25 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has obtained a default judgment against Sameer Ramani, a friend of a former Coinbase (NASDAQ:COIN) employee, pertaining to insider trading claims regarding crypto. Last year, the SEC filed an enforcement action against Coinbase executive Ishan Wahi and his brother, Nikhil Wahi…. Read More

March 12, 2024 @ 10:24 am By JD Alois  |  

Tether, the largest stablecoin issuer in the world (USDT), says it helped Uncle Sam battle an alleged tech scam. Tether says that it assisted the Feds in seizing $1.4 million in stolen funds from a fraud. The company said this highlights its commitment to fighting… Read More

March 12, 2024 @ 9:39 am By JD Alois  |  

Last week, the Securities and Exchange Commission (SEC) adopted new climate disclosure requirements that align with the agency’s ESG ambitions [environmental, social, and governmental]. The new rules have been criticized by opponents as not aligning with the SEC’s mission while creating a situation where both… Read More

March 12, 2024 @ 9:02 am By JD Alois  |  

Nanonets, an artificial intelligence (AI) firm providing workflow automation services, has raised $29 million, bringing its total to date to $42 million. Accel led the Series B funding round with participation from YCombinator, Elevation Capital, and others. Nanonets reports that it has experienced dramatic growth… Read More

March 11, 2024 @ 7:28 pm By JD Alois  |  

SmallChange, a FINRA-regulated funding portal, is reporting that it has added five partners to the platform as it aims to expand its offerings. SmallChange is a real estate crowdfunding platform that provides access to capital under Reg CF. The company says that the new partners… Read More

March 11, 2024 @ 6:51 pm By JD Alois  |  

This past week, the Consumer Financial Protection Bureau (CFPB) finalized its rules on credit late fees by reducing the legal lime to $8 from a typical fee of $32. The CFPB said that an average saving per year for consumers would be around $220, as… Read More

March 11, 2024 @ 5:40 pm By JD Alois  |  

Last week, the US House of Representatives approved HR 2799, or the Expanding Access to Capital Act. The legislation incorporated a long list of items aimed at supporting entrepreneurs and innovators while helping investors participate in promising offerings. House Representatives voted along party lines. Some items… Read More

March 11, 2024 @ 8:46 am By JD Alois  |  

MicroStrategy (NASDAQ:MSTR) has bought more Bitcoin, according to a document filed with the SEC. MicroStrategy has morphed into a proxy for Bitcoin, and its CEO, Michael Saylor, is a huge Bitcoin bull who sees Bitcoin as a digital asset that is more like gold minus… Read More

March 8, 2024 @ 4:47 pm By JD Alois  |  

Yesterday, testifying in front of the Senate Banking Committee, Jerome Powell, Chair of the US Federal Reserve, was asked several questions about a digital dollar or Central Bank Digital Currency (CBDC). Powell first pointed to the fact that most transactions are digital today as consumers… Read More

March 8, 2024 @ 12:04 pm By JD Alois  |  

After several days of debate and discussion, the US House of Representatives has approved the legislation, the Expanding Access to Capital Act (HR 2799). The bill was sponsored by Representative Patrick McHenry, the Chairman of the House Financial Services Committee, an individual who has long… Read More