June 14, 2023 @ 4:14 pm By JD Alois  |  

Banq, a platform for the primary issuance of securities controlled by Cambria Capital, a regulated broker-dealer, has filed for bankruptcy, according to many reports. Chapter 11 Dockets distributed the news via Twitter. Crypto software company Banq filed for bankruptcy protection today in Nevada https://t.co/ckmt6V6AMl pic.twitter.com/4EmKzowj24… Read More

June 14, 2023 @ 3:37 pm By JD Alois  |  

The European Securities and Markets Authority (ESMA) has published a time frame for the implementation of Markets in Crypto-Assets Regulation (MiCA). EMSA is the EU securities regulator. The EU recently approved the legislation as it seeks to enable digital asset innovation while incorporating investor protection… Read More

June 14, 2023 @ 3:11 pm By JD Alois  |  

The US Federal Reserve has decided to pause rate hikes as it aims to assess the impact of the past rate hikes that have been some of the fastest in history. The Federal Funds Rate will remain at 5 to 5-1/4%. The Federal Open Market… Read More

June 14, 2023 @ 10:54 am By JD Alois  |  

Archax, a digital securities exchange regulated by the UK Financial Conduct Authority, has listed a securities offering to raise capital for SupraFin. According to the offering page, SupraFin is raising funds at a pre-money valuation of £12 million. SupraFin is hoping to raise a minimum… Read More

June 14, 2023 @ 9:45 am By JD Alois  |  

The Bundesverband Crowdfunding eV (German Crowdfunding Association) has endorsed the draft bill for the Future Financing Act presented by the German Government. Germany, the largest economy in  Europe, has yet to have a single securities crowdfunding platform approved under new EU rules. ECSPR, or European… Read More

June 13, 2023 @ 10:54 pm By JD Alois  |  

Bitstamp is reporting that it has secured registration as a cryptoasset service provider by the UK Financial Conduct Authority. Bitstamp currently claims 52 licenses and registrations secured with financial regulators across the globe. Firms carrying out specific cryptoasset activities in the UK must comply with… Read More

June 13, 2023 @ 7:56 pm By JD Alois  |  

DealMaker has emerged as a top online capital formation platform providing services to enable the primary issuance of securities across the full stack of crowdfunding exemptions. This includes Reg CF, Reg A+, and Reg D. At the same time, due to its base of operations… Read More

June 13, 2023 @ 5:16 pm By JD Alois  |  

In a bit of a stealth rulemaking attempt, the Securities and Exchange Commission (SEC) has proposed new rules that would impact the definition of an exchange. The amendments regarding the definition would also impact Alternative Trading Systems (ATSs).  As the SEC deems all digital assets… Read More

June 13, 2023 @ 2:44 pm By JD Alois  |  

House Majority Whip Tom Emmer and Representative Warren Davidson have revealed legislation that aims to remove SEC Chair Gary Gensler. Gensler has received fire from members of Congress who believe he has not pursued rule-making to enable digital asset innovation while focusing his efforts on… Read More

June 13, 2023 @ 10:10 am By JD Alois  |  

At today’s opening of London Tech Week, Prime Minister Rishi Sunak said he sees the UK as an “island of innovation.” Sunak reported that the UK has created 134 unicorns in the last ten years, stating that the UK is one of the most “digitally… Read More

June 13, 2023 @ 9:48 am By JD Alois  |  

Num Finance, a stablecoin issuer operating in Latin America, says nARS, a stablecoin pegged to the Argentine peso, is now trading on Ripio. nARS is described as a “key pillar” in the company’s strategy. Num Finance aims to introduce other “real world assets” (RWA) as… Read More

June 13, 2023 @ 9:01 am By JD Alois  |  

Reflecting the realities of financial services today, the Association of German Lending Platforms (Verband Deutscher Kreditplattformen, VdK), has changed its name to the Digital Lending Association. The Association represents 27 members and is committed to supporting a viable and transparent digital financing industry while also… Read More

June 12, 2023 @ 3:16 pm By JD Alois  |  

The Securities and Exchange Commission’s pursuit of digital assets or crypto assets deemed to be securities is ripping through the crypto marketplace. In the recent enforcement action filed by the SEC against Coinbase  (NASDAQ:COIN), the Commission highlighted multiple digital assets it believes are securities and… Read More

June 12, 2023 @ 11:58 am By JD Alois  |  

One Zero Bank, a digital bank startup based in Israel, is adding artificial intelligence (AI) to its platform, according to a recent report. At the same time, One Zero is raising growth capital, providing an entry point for smaller (accredited) investors on OurCrowd. It was… Read More

June 12, 2023 @ 9:57 am By JD Alois  |  

Anne Boden, an iconic Fintech CEO who is the founder of digital bank Starling Bank, revealed that she would be stepping down from the bank last month. Recently, more information on the exit of Boden has been revealed. Reportedly, Boden decided to step down from… Read More

June 11, 2023 @ 1:34 pm By JD Alois  |  

We last looked at the ECSPR [European Crowdfunding Service Providers Regulation] approved crowdfunding platforms in March 2023. At that time, 21 approved securities crowdfunding platforms were allowed to provide services across all European Union member states. ECSPR allows a platform to list securities from private… Read More

June 10, 2023 @ 5:54 pm By JD Alois  |  

The Commodities Futures Trading Commission (CFTC) is claiming a significant legal victory in the litigation of Ooki DAO. According to the CFTC, the decentralized autonomous organization has received a default judgment in which the court held that Ooki DAO is a “person” under the Commodity… Read More

June 10, 2023 @ 4:56 pm By JD Alois  |  

The US Department of Justice has charged two Russians, Alexey Bilyuchenko, 43, and Aleksandr Verner, 29, with the hacking of Mt. Gox. The crypto exchange was plundered in 2011 and ultimately collapsed. At the same time, the Russians have been charged with operating the BTC-e… Read More

June 9, 2023 @ 4:03 pm By JD Alois  |  

UK Property finance platform LendInvest says that it has completed a mortgage offer in just three days. The financing was provided to a couple looking to purchase a home. For anyone who has pursued a mortgage, three days sounds like a miracle – depending on… Read More

June 9, 2023 @ 3:44 pm By JD Alois  |  

DF Growth REIT II, LLC, managed by DiversyFund, has been hit with a Securities and Exchange Commission (SEC) administrative action. According to the SEC, DF Growth REIT II failed to adhere to certain requirements for securities issued under Reg A+, a JOBS Act exemption that… Read More