January 11, 2024 @ 6:26 pm By JD Alois  |  

Cyabra has announced that Mike Pompeo, the former Secretary of State and one-time CIA Director, has joined its Board of Directors. At the same time, Cyabra announced that it had completed a $5.7 million funding round. The securities offering was listed on the OurCrowd platform… Read More

January 11, 2024 @ 6:12 pm By JD Alois  |  

Payments Fintech Finzly says it saw transactions on its platform increase by 400%, driving top-line revenue to double during 2023. The company said the increase was generated by new customers and the growth in real-time payments driven by the introduction of FedNow. Finzly did not… Read More

January 11, 2024 @ 5:16 pm By JD Alois  |  

The House Financial Services Committee has announced the Oversight and Investigations Subcommittee will hold a hearing entitled: “Oversight of the SEC’s Proposed Climate Disclosure Rule: A Future of Legal Hurdles.” The hearing is scheduled to take place on Thursday, January 18, 2024, at 10 AM… Read More

January 11, 2024 @ 5:04 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has announced charges against the CEO of Future Fintech Group (Nasdaq:FTFT). The Future Fintech Group is a financial and digital technology service provider that says it conducts asset management, brokerage, and investment banking services in Hong Kong, operates a… Read More

January 11, 2024 @ 11:07 am By JD Alois  |  

Bitcoin is currently trading at over $47,000 after nearing $49,000 – responding to the bevy of Bitcoin ETFs that have commenced trading today. Yesterday, the Securities and Exchange Commission approved the listing of eleven exchange-traded funds that represent spot Bitcoin prices. Clear Junction Head of… Read More

January 11, 2024 @ 8:55 am By JD Alois  |  

Circle has announced it will pursue an initial public offering (IPO). Circle is the issuer of the second largest dollar-based stablecoin, USDC. According to a statement by the firm, the company has filed a confidential draft registration statement (S-1) with the Securities and Exchange Commission… Read More

January 10, 2024 @ 5:57 pm By JD Alois  |  

Representative Patrick McHenry,  Chairman of the House Financial Services Committee, has joined the Chairman of the Subcommittee on Oversight and Investigations, Bill Huizenga, the Chairman of the Subcommittee on Digital Assets, Financial Technology and Inclusion, French Hill, and the Chairman of the Subcommittee on Capital… Read More

January 10, 2024 @ 5:43 pm By JD Alois  |  

The WisdomTree Bitcoin Fund (BTCW) will be listed on the Cboe BZX Exchange and is expected to commence trading tomorrow, according to a note from the company. The ETF will have an expense ratio of 0.30%,  although for a six-month period commencing January 11, 2024,… Read More

January 10, 2024 @ 5:33 pm By JD Alois  |  

The House Financial Services Committee, Subcommittee on National Security, Illicit Finance, and International Financial Institutions will hold a hearing on financing for nuclear energy. Nuclear energy is deemed to be one of the cleanest energies available today. In recent decades, there has been a push… Read More

January 10, 2024 @ 4:57 pm By JD Alois  |  

As was reported earlier today, after an extended deliberation, the Securities and Exchange Commission (SEC) has approved eleven Bitcoin ETFs. CI has received multiple comments on the approval which is a seminal event for the crypto industry. Rajeev Bamra, SVP of Digital Finance at Moody’s… Read More

January 10, 2024 @ 4:21 pm By JD Alois  |  

After a false start yesterday, the Securities and Exchange Commission has filed an Order granting approval for eleven spot Bitcoin ETFs to trade on national exchanges. According to the document: “NYSE Arca proposes to list and trade shares of (1) the Grayscale Bitcoin Trust3 and… Read More

January 10, 2024 @ 12:23 pm By JD Alois  |  

The world of alternative investments continues to expand. While early-stage firms and real estate are common, there are a growing number of asset classes that are being turned into securities and being made available to individual investors. AcreTrader is a platform that is a broker-dealer… Read More

January 10, 2024 @ 11:00 am By JD Alois  |  

Many insiders expect the Securities and Exchange Commission (SEC) to decide today whether to approve or not approve a Bitcoin Exchange Traded Fund (ETF). The possibility of a spot Bitcoin vehicle trading on the Nasdaq or the NYSE has driven the price of Bitcoin higher… Read More

January 10, 2024 @ 10:13 am By JD Alois  |  

Yesterday, the Securities and Exchange Commission (SEC) posted a video on X discussing the recent Staff review of the definition of an Accredited Investor. The video states that the review of fhe definition is mandated to take place every four years, according to Dodd-Frank. The… Read More

January 10, 2024 @ 9:25 am By JD Alois  |  

SoFi (NASDAQ: SOFI) , a top Fintech platform that holds a bank charter, is letting people go, according to multiple reports. SoFi was a big winner in the stock market in 2023, gaining 116%, but apparently, things may not be as great as they seem as… Read More

January 9, 2024 @ 6:54 pm By JD Alois  |  

Wefunder was the top platform for Reg CF [Regulation Crowdfunding] offerings during 2023, according to data provided by KingsCrowd. Reg CF is a securities exemption that allows for online capital formation. A notice filing and other documentation is required under the exemption, which is open… Read More

January 9, 2024 @ 6:02 pm By JD Alois  |  

DealMaker is part of a new group of broker-dealers that are focusing on online capital formation, providing a tech-enhanced environment for companies looking to crowdfund a securities offering. Based in Canada, the company has been recognized as one of the fastest-growing young firms in the… Read More

January 9, 2024 @ 4:30 pm By JD Alois  |  

Minutes ago, it was reported that the  Securities and Exchange Commission (SEC) had approved the first Bitcoin Exchange Traded Funds (ETF). Apparently, the SEC’s X account was “compromised,” and the statement on X by SEC Chair Gary Gensler was bogus. The X has now been… Read More

January 9, 2024 @ 2:37 pm By JD Alois  |  

X, formerly doing business as Twitter, has announced it will launch peer-to-peer payments in 2024 fulfilling an already revealed goal of the platform. In a blog post, X outlined its accomplishments and changes since Elon Musk took over the faltering social media platform.  X said… Read More

January 9, 2024 @ 1:10 pm By JD Alois  |  

The Small Business & Entrepreneurship Council (SBE Council) has issued a statement on new rules promulgated by the US Department of Labor (DOL) that may impact startups and entrepreneurs. The DOL has issued its final Independent Contractor rule today, claiming that it “helps employers and… Read More