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

March 8, 2024 @ 10:33 am By JD Alois  |  

Dalmore Group, a top investment crowdfunding platform supporting the full stack of securities exemptions, has announced a new service: DalmoreSpark. Dalmore shares in an email that DalmoreSpark is a portfolio of tools for firms raising money online to help “elevate your pitch” and to enhance… Read More

March 8, 2024 @ 9:56 am By JD Alois  |  

This week, the Chancellor of the Exchequer, Jeremy Hunt, revealed the UK government’s Spring Budget. While the list of policies and changes is rather long, the UK Crowdfunding Association (UKCFA) has highlighted several changes that will benefit the industry. First, there is an increase in the… Read More

March 8, 2024 @ 9:39 am By JD Alois  |  

MoneyLion (NYSE:ML) reported earnings this past week, which were received positively by investors. Following the earnings release, MoneyLion shares rocketed by almost 30%, and shares are expected to move higher following jobs data released this morning. MoneyLion is a Fintech that serves both retail and… Read More

March 7, 2024 @ 2:11 pm By JD Alois  |  

As President Joe Biden prepares to deliver the State of the Union Address when he expected to tout the successes of Bidenomics,” the reality may be slightly different according to a recent survey the federal government is failing when it comes to supporting smaller firms…. Read More

March 7, 2024 @ 12:57 pm By JD Alois  |  

Representative Maxine Waters, the ranking minority member on the House Financial Services Committee, has issued a blistering statement on the Expanding Access to Capital Act (HR 2799), renaming it the Expanding Access to Fraud Act. Introduced into the House by Representative Patrick McHenry, Chairman of… Read More

March 7, 2024 @ 9:06 am By JD Alois  |  

Enterprise digital asset platform FireBlocks says it will begin onboarding “thousands” of new retail customers as well as institutional firms. The company predicted this would be accomplished due to the new hire of CMO Michal Ferguson. Michael Shaulov, CEO of Fireblocks, says the innovations over… Read More

March 7, 2024 @ 9:00 am By JD Alois  |  

Smart wallet tech provider Safe is reporting that it has surpassed $100 billion in assets secured. At the same time, Switzerland based firm has hired Julian Grigo, former Managing Director at Solaris, as Head of Institutions and Fintech. Safe, previously Gnosis Safe, is an on-chain… Read More

March 7, 2024 @ 8:00 am By JD Alois  |  

Online investment firm Republic has announced a new partnership that will see the Fintech expand into the Middle-East. According to a note from the firm, Republic has formed a partnership with Stake, an online investment platform for real estate in Dubai. Republic claims the deal… Read More

March 6, 2024 @ 9:24 pm By JD Alois  |  

Robinhood (NASDAQ:HOOD) says it has surpassed $10 billion in trading during the overnight trading. Robinhood defines overnight trading as Sunday-Friday from 8pm ET – 7am ET. The brokerage said that some of its busiest days much trading occurs outside of traditional market hours or around… Read More

March 6, 2024 @ 3:52 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has adopted new climate disclosure rules that fall under the ESG sector [environmental, social, and governmental]. The new rules will require reporting companies to disclose their environmental impact, a process that is difficult to measure accurately and will vex… Read More

March 6, 2024 @ 12:41 pm By JD Alois  |  

The UK has proposed a framework for the Private Intermittent Securities and Capital Exchange System (PISCES), which was mentioned in today’s Spring Budget delivered by the Chancellor of the Exchequer, Jeremy Hunt. The consultation aims to establish new parameters to enable private securities to trade… Read More

March 6, 2024 @ 11:32 am By JD Alois  |  

Reflecting on the enforcement action taken against ShapeShift, SEC Commissioners Hester Peirce and Mark Uyeda have criticized the Commission’s slapdash approach toward crypto under Chairman Gary Gensler. The Commissioners have issued a dissenting opinion on the enforcement action. In an Administrative Proceeding, it was determined… Read More

March 6, 2024 @ 11:03 am By JD Alois  |  

Apple (NASDAQ:AAPL), perhaps the largest Fintech in the world, is now allowing some Fintechs to tap into information regarding the Apple Card, Apple Cash and Apple Savings, according to multiple reports. The new API is an Open Banking service that is being rolled out in… Read More

March 6, 2024 @ 10:43 am By JD Alois  |  

The Chancellor of the Exchequer, Jeremy Hunt, delivered the Spring Budget today, and once again, there was something for everyone to like or dislike. The budget is being described as a “Budget for long-term growth,” highlighting the expectation that inflation will move lower. Hunt said the… Read More

March 5, 2024 @ 5:50 pm By JD Alois  |  

Congressman Patrick McHenry, the Chairman of the House Financial Services Committee, discussed the benefits of the Expanding Access to Capital Act (HR 2799). Speaking before the House Committee on Rules, McHenry said HR 2799 builds upon the success of the JOBS Act of 2012 –… Read More

March 5, 2024 @ 12:10 pm By JD Alois  |  

The Expanding Access to Capital Act (HR 2799) will go to a floor vote this week. If approved, the legislation will then make its way to the Senate for potential approval. The bill is sponsored by Congressman Patrick McHenry, Chairman of the House Financial Services… Read More

March 5, 2024 @ 10:36 am By JD Alois  |  

Is it the Bitcoin ETFs? The Halving? The debt debacle in the US? Whatever it is, Bitcoin has hit a new all-time high. According to Coinbase, Bitcoin briefly breached $69,000 – the highest valuation ever. Currently trading at around $68,000 some prognosticators are predicting that… Read More