November 22, 2023 @ 5:33 pm By JD Alois  |  

The Securities and Exchange Commission (SEC), Small Business Capital Formation Advisory Committee (SBCFAC), is scheduled to meet next week, and it has just posted its agenda. Probably the most interesting subject on the list of topics is the segment on the definition of an Accredited… Read More

November 22, 2023 @ 12:20 pm By JD Alois  |  

At the end of last month, FATF (Financial Action Task Force) published a report on crowdfunding and the funding of terrorism. While the two sides of the discussion may seem to be unrelated, bad actors are always looking for a path to cover their tracks,… Read More

November 22, 2023 @ 11:26 am By JD Alois  |  

It seems like just about everyone, in both the private and public sectors, is issuing notes of caution in regard to cyber-scams and online fraud during this holiday season. While digital technology, including Fintech, has been a boon for consumers and businesses, it has already… Read More

November 22, 2023 @ 11:04 am By JD Alois  |  

Prosper, a UK Wealthtech that aims to improve investment offerings for the mass affluent has opened up a funding round on Crowdcube. In a release, Prosper CEO Nick Perrett stated: “It’s time that the people who help you with your money are motivated to keep… Read More

November 21, 2023 @ 7:47 pm By JD Alois  |  

Kroo, a UK digital bank authorized and regulated by the Prudential Regulation Authority and Financial Conduct Authority, is raising money on Crowdcube. Kroo has listed a securities offering to raise £1 million at a pre-money valuation of £120 million. That funding target has already been… Read More

November 21, 2023 @ 5:14 pm By JD Alois  |  

In a press event this afternoon, US Secretary of the Treasury Janet Yellen called the settlement with Binance a historic action by the agency. In total, Binance is expected to pay $4.3 billion in penalties for its past actions. At the same time, Binance will… Read More

November 21, 2023 @ 5:09 pm By JD Alois  |  

As was reported earlier today, Binance has settled charges in a comprehensive manner, paying total penalties of $4.3 billion, described as the largest settlement of its kind ever. Binance is noted as the largest crypto exchange in the world, handling approximately 60% of centralized digital… Read More

November 21, 2023 @ 3:41 pm By JD Alois  |  

Binance, the largest crypto exchange in the world, has cut a deal with the US Department of Justice (DOJ) that appears to allow Binance to stay in operation. According to multiple reports, Binance will pay a hefty $4.3 billion penalty and plead guilty to charges,… Read More

November 20, 2023 @ 10:51 pm By JD Alois  |  

The  Securities and Exchange Commission (SEC) has charged Kraken with operating an unregistered securities exchange as the agency continues its pursuit of crypto firms deemed to be transgressing securities laws. The SEC charged Payward Inc. and Payward Ventures, Inc., which do business as Kraken. Kraken… Read More

November 20, 2023 @ 3:34 pm By JD Alois  |  

In a rarity, Democrat and Republican Senators have joined in sponsoring the Expanding American Entrepreneurship Act, which aims to improve access to capital for early-stage firms. US Senators Jerry Moran, Tim Scott, and Mark Warner have joined to introduce the legislation into the Senate, which… Read More

November 20, 2023 @ 11:07 am By JD Alois  |  

Online investment platform Yieldstreet has revealed the sale of a rental home portfolio that consisted of 43 homes in the Atlanta region. The investment was listed on the YieldStreet platform in 2021 and offered in partnership with Avenue One. Avenue One is an investment marketplace… Read More

November 20, 2023 @ 10:18 am By JD Alois  |  

StartEngine has closed its most recent self-crowdfunding round, having raised over $24.5 million. The Reg A+ securities offering was for equity in the investment platform. StartEngine was selling its shares at a pre-money valuation of $1.32 billion. In the hours just prior to the funding… Read More

November 20, 2023 @ 9:03 am By JD Alois  |  

Bullish has acquired CoinDesk in an all-cash deal. Terms of the purchase were not immediately available. CoinDesk had been controlled by Digital Currency Group, operators of multiple digital asset firms including Grayscale. The current management of CoinDesk is expected to remain in place.  Bullish is… Read More

November 17, 2023 @ 11:37 am By JD Alois  |  

Avalanche has been on a roll in recent days. An announcement that JP Morgan was working on a pilot with Avalanche to investigate the tokenization of assets saw the price of Avalanche (AVAX) to rocket higher. Avalanche is a high-performance blockchain that aims to be… Read More

November 17, 2023 @ 11:36 am By JD Alois  |  

The Securities and Exchange Commission, Small Business Capital Formation Advisory Committee (SBCFAC), has scheduled a meeting for the end of this month on November 20, 2023. The meeting will begin at 10:00 ET and will be open to the public via a live stream on… Read More

November 17, 2023 @ 9:56 am By JD Alois  |  

Distributed ledger technology, or blockchain, received some good news regarding its utility in establishment finance. Speaking at the annual Singapore Fintech Festival, Umar Farooq, JP Morgan’s (NYSE:JPM) Global Head of Financial Institution Payments, said that JPM Coin is now doing approximately $1 billion daily in… Read More

November 16, 2023 @ 12:15 pm By JD Alois  |  

Last week, the Consumer Financial Protection Bureau (CFPB) proposed rules to regulate Big Tech and their Fintech services. The CFPB is targeting firms like Facebook, Google, Amazon, Apple, and others. According to the statement issued by the CFPB, the agency seeks to regulated digital wallets… Read More

November 16, 2023 @ 11:35 am By JD Alois  |  

CoinShares (Nasdaq Stockholm: CS; US OTCQX: CNSRF) has announced an option to acquire Valkyrie Funds. CoinShares did not provide details beyond the option, which is scheduled to expire on March 31, 2024. Valkryie is a firm that aims to offer a Bitcoin ETF – if… Read More

November 16, 2023 @ 9:58 am By JD Alois  |  

CI previously reported on Apple (NASDAQ:AAPL) leveraging the UK Open Banking ecosystem to connect bank accounts with their popular digital wallet. Today, Apple is officially announcing the service that aims to provide users access to financial information more conveniently. The UK has led the global… Read More

November 16, 2023 @ 9:35 am By JD Alois  |  

Anchorage Digital, a federally chartered digital asset bank, has added a Registered Investment Advisor (RIA) service to its portfolio of offerings. Anchorage focuses on the institutional market. RIAs are registered entities that can provide recommendations on investments and are required to act on behalf of… Read More