March 22, 2024 @ 3:06 pm By JD Alois  |  

Senator Elizabeth Warren is on the warpath once again, taking aim at one of her favorite targets: Elon Musk. In a letter addressed to the Securities and Exchange Commission (SEC), Senator Warren tells SEC Chairman Gary Gensler that Musk and Tesla’s Board of Directors “may… Read More

March 22, 2024 @ 10:08 am By JD Alois  |  

Bpifrance has decided to shut down its crowdfunding marketplace TousNosProject.fr. Launched in 2015, at one point, it was reported that approximately 1000 projects were listed on the aggregator site. An early supporter of crowdfunding, Bpifrance is a state-managed venture capital firm. The entity also supports… Read More

March 22, 2024 @ 9:47 am By JD Alois  |  

WisdomTree (NYSE: WT) has been approved by the New York State Department of Financial Services (DFS) to receive a limited-purpose trust charter under New York banking law. WisdomTree notes that this will enable the launch of WisdomTree Prime.  The charter also enables digital asset activity,… Read More

March 21, 2024 @ 1:29 pm By JD Alois  |  

Reddit, a top social media platform that hosts thousands of different forums, has successfully listed its shares on the New York Stock Exchange (NYSE). Shares in Reddit are experiencing a solid pop after being priced at $34 a share. As of this moment, Reddit is… Read More

March 21, 2024 @ 11:46 am By JD Alois  |  

Yesterday, the House Financial Services Committee, Capital Markets Subcommittee held a hearing on the alleged overreach of the Securities and Exchange Commission (SEC) and the need for reform. The current Commission, under the leadership of Chairman Gary Gensler, has been criticized by many policymakers as… Read More

March 21, 2024 @ 8:55 am By JD Alois  |  

EstateGuru, an online investment platform providing debt capital, has issued a comment on the “Project of the Year 2023.” The marketplace shares that 430 issuers raised money on the platform from projects in Estonia, Finland, Latvia, and Lithuania. Almost €100 million was funded in 2023… Read More

March 20, 2024 @ 7:56 pm By JD Alois  |  

As reported earlier, BlackRock, the largest asset manager in the world, is partnering with Securitize to issue a digital asset fund. Securitize is a leading enabler of digital securities in the US and operates a trading platform, as it has been approved to run an… Read More

March 20, 2024 @ 5:05 pm By JD Alois  |  

It was not too long ago that the Securities and Exchange Commission determined Ethereum (ETH) NOT to be a security. But times change, and new leaders take over. In this case, it is the Chairman of the SEC, Gary Gensler. According to an X distributed… Read More

March 20, 2024 @ 3:01 pm By JD Alois  |  

As anticipated, the US Federal Reserve has held benchmark rates steady while expecting three rate cuts later in 2024. The Federal Open Market Committee decided to maintain the target range for the federal funds rate at 5-1/4 to 5-1/2 percent while reiterating its commitment to… Read More

March 20, 2024 @ 12:28 pm By JD Alois  |  

The Amendment for Crowdfunding Capital Enhancement and Small-business Support Act of 2023 has re-emerged in Congress. Originally introduced into the House in December of 2023, HR 2865 has now been referred to the House Financial Services Committee, indicating it may come up for a vote…. Read More

March 20, 2024 @ 11:18 am By JD Alois  |  

Hamilton Lane (NASDAQ:HLNE) co-CEO Erik Hirsch visited with CNBC yesterday ostensibly to comment on the forthcoming initial public offering (IPO) of Reddit. The market has widely anticipated the IPO as public offerings have been moribund in recent years, and Reddit is a high-profile tech firm…. Read More

March 20, 2024 @ 10:51 am By JD Alois  |  

CapitalRise, an online investment platform focusing on Prime property in the UK, has boosted its funding ability by 50%, according to a statement issued by the firm. While not providing hard numbers, the institutional funding is from an unnamed UK investment manager and is an… Read More

March 20, 2024 @ 10:32 am By JD Alois  |  

Gate Group has announced that has registered as a VASP, or virtual asset service provider, via the Organismo Agenti e Mediatori (OAM) in Italy. Launched in 2013 and based in Cayman, Gate.io is currently ranked as the 8th largest crypto exchange in the world, according… Read More

March 20, 2024 @ 10:18 am By JD Alois  |  

BlackRock,  the largest asset manager in the world with trillions under management, has partnered with Securitize on a new fund. According to a Form D filed with the Securities and Exchange Commission several days ago, BlackRock is raising money for its BlackRock USD Institutional Digital… Read More

March 20, 2024 @ 8:58 am By JD Alois  |  

Anchorage Digital co-founder and President Diogo Mónico is transitioning to the Executive Chairman of the Board of the digital asset firm while stepping in to become the General Partner at Haun Ventures. Anchorage’s CEO and co-founder, Nathan McCauley, will continue in his current role. Mónico… Read More

March 19, 2024 @ 11:18 pm By JD Alois  |  

Galileo Financial Technologies is broadening its buy now pay later (BNPL) services by adding a post-purchase credit option. Galileo is part of SoFi (NASDAQ: SOFI), a diversified Fintech and digital bank. A pre-purchase option is already available. This new API-enabled BNPL post-purchase offering is designed… Read More

March 19, 2024 @ 5:22 pm By JD Alois  |  

Earlier this month, the Securities and Exchange Commission (SEC) enacted new climate disclosure rules for public companies. This represents part of a broader political agenda at the SEC that aims to enact new rules that align with ESG or Environmental, Social, and Governance activist policies. The… Read More

March 19, 2024 @ 2:38 pm By JD Alois  |  

Bitfinex Securities, a digital asset marketplace, reports that ALT2612, a tokenized bond, has issued its first payment to investors. Microlender Mikro Kapital issued the digital asset in 2023. The bond, which represents approximately 300,000 borrowers in 14 different countries, has a value of €1.09 billion. The… Read More

March 19, 2024 @ 12:34 pm By JD Alois  |  

  Honeycomb Credit has emerged as a top platform enabling firms to raise money online utilizing the Regulation Crowdfunding (Reg CF) securities exemption. Based in Pittsburgh, Pennsylvania, in the past couple of years, the FINRA-regulated Funding Portal has expanded its services across the country. As… Read More

March 19, 2024 @ 11:24 am By JD Alois  |  

Genesis Global Capital, LLC has settled charges filed by the Securities and Exchange Commission (SEC) that emerged due to the Commission’s claims that its Gemini Earn program involved the sales of securities. The Earn program, powered by Genesis, allowed crypto investors to generate income while… Read More