October 5, 2023 @ 12:00 pm By JD Alois  |  

Block (NYSE:SQ), the parent company of Square, may be slashing its employee headcount, according to Job Community Blind. In recent days, a posting was made inquiring about layoffs as a Block recruiter was apparently let go – leaving an aspiring hire in the lurch. Other… Read More

October 5, 2023 @ 11:16 am By JD Alois  |  

  Chase and Bank of America are the big losers when it comes to providing a savings rate for their account holders. Currently both Chase and B of A offer a interest rate on their savings account of a measly 0.01% (APY). What do you… Read More

October 5, 2023 @ 12:01 am By JD Alois  |  

The British Business Bank has announced a new fund for Scotland. The Investment Fund for Scotland will include £150 million in funding to assist smaller firms. The fund will provide loans from £25,000 to £2 million and equity investments up to £5 million. This is… Read More

October 4, 2023 @ 7:28 pm By JD Alois  |  

The number of new deals offered under Reg CF (Regulation Crowdfunding) declined by 9% versus Q2 2023 and a drop of 27% compared to the same quarter last year. This is according to the most recent report distributed by Crowdfund Capital Advisors (CCA). These most… Read More

October 4, 2023 @ 11:40 am By JD Alois  |  

XRP has caught a small bid following the news that the courts have sided with Ripple regarding the ongoing battle with the Securities and Exchange Commission. US District Judge Analisa Torres has rejected the SEC’s appeal regarding part of the judge’s decision in its lawsuit… Read More

October 4, 2023 @ 11:26 am By JD Alois  |  

One of the most popular digital wallets in the world is now accepting PayPal (NASDAQ:PYPL) and Venmo credit and debit cards. Apple (NASDAQ:AAPL), which already accepts a litany of different cards in its wallet, now gives PayPal users the option to add their card to… Read More

October 4, 2023 @ 10:19 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed an enforcement action against  Zera Financial and Luis A. Romero. The complaint states that. Zera and Romero have raised more than $2.28 million from about 168 investors. The money is said to have been “dissipated.” The SEC… Read More

October 3, 2023 @ 4:07 pm By JD Alois  |  

LendingClub (NYSE:LC), the only pure-play digital bank that is publicly traded, is bouncing along its 52-week low as its shares troll under $6. Of course, the market is sinking today across the board as the reality of longer for higher sinks in. That – and… Read More

October 3, 2023 @ 1:00 pm By JD Alois  |  

The SEC’s annual Small Business Forum took place earlier this year, and in recent days, the report from the gathering was published. The Forum has taken place for more than 40 years, and while the participants regularly provide good recommendations to the Commission, few will… Read More

October 3, 2023 @ 10:42 am By JD Alois  |  

eCredits and Rocksolid Estate AG, based in Austria, says it will commence tokenized real estate investments by partnering with eCredits Blockchain. The “decentrally governed organization” or “DGO,” the Peoples SCE, builds applications using Credit Blockchain. According to a release, Rocksolid wants to offer fractionalized real… Read More

October 2, 2023 @ 11:29 am By JD Alois  |  

DealMaker, a broker-dealer and tech platform that allows firms to raise money online from the full stack of securities exemptions, says it has helped issuers raise over $14.5 million during the month of September. In the past, September has been a strong month for online… Read More

October 2, 2023 @ 11:10 am By JD Alois  |  

Maxwell Rich, a longtime legal executive at Republic, has departed the investment crowdfunding platform to join the global law firm Morrison Foerster (MoFo). Rich has also been President and Chair of the Association of Online Investment Platforms (AOIP), a position he will now pass on… Read More

October 2, 2023 @ 9:39 am By JD Alois  |  

Innovate Finance is the advocacy group for the burgeoning Fintech industry in the UK. London has long been a top global financial center, and many policymakers, as well as financial services insiders, want to maintain that status. Hence, the adoption of digital financial services is… Read More

October 1, 2023 @ 6:00 pm By JD Alois  |  

Frequently, private firms aim to grow and become public companies at some point in their evolution. This is one of the ways you can also provide liquidity for early investors. Yet by becoming a “registered” or “reporting company,” you must comply with a heightened degree… Read More

September 29, 2023 @ 5:06 pm By JD Alois  |  

Three Arrows Capital (3AC), a digital asset hedge fund, co-founder Su Zhu has been arrested at the Changi Airport in Singapore, according to multiple reports. 3AC was a catalyst in the crypto collapse of 2022. Things took a dramatic turn for the worse when TerraUSD/LUNA… Read More

September 29, 2023 @ 1:41 pm By JD Alois  |  

While all markets have been choppy and some are in decline, Forge is reporting that private markets are performing better than some other markets. Forge is a private securities marketplace that provides liquidity in private firms. According to the Forge Private Market Index, private firms… Read More

September 29, 2023 @ 1:19 pm By JD Alois  |  

Islamic Coin, a Shariah-compliant crypto, is raising money on Republic. The Reg S offering, which is set to close next week, has raised over $1.7 million to date, backed by over 1600 investors. To quote the offering page: “Islamic Coin (ISLM) is the native currency… Read More

September 29, 2023 @ 10:50 am By JD Alois  |  

  Digital asset as a service firm Zumo reports that it now adheres to the new Financial Conduct Authority (FCA) requirements when promoting digital assets or crypto. Zumo says it is the first platform to adhere to the new rules. Zumo says that some platforms… Read More

September 28, 2023 @ 4:24 pm By JD Alois  |  

It seems like only yesterday when buying a home meant locking into 30-year mortgage rates of just 2.25%. Well, those days are long gone as rates today are topping 7% as wicked high inflation has compelled central bankers to hike benchmark rates to get rising… Read More

September 28, 2023 @ 3:58 pm By JD Alois  |  

The Small Business Technological Advancement Act (S. 2330) aims to update the Small Business Administration’s 7(a) loan program with the ability to utilize more digital tools. The short legislative act is outlined as follows: “The Small Business Act (15 U.S.C. 636(a)) is amended by adding… Read More