June 6, 2023 @ 6:49 pm By JD Alois  |  

The Competitive Enterprise Institute (CEI), Director of Finance Policy, John Berlau, has shared a comment on the Securities and Exchange Commission’s enforcement action targeting Coinbase (NASDAQ:COIN). Earlier today, the SEC filed charges against Coinbase, alleging that the crypto platform is operating as an unregistered securities… Read More

June 6, 2023 @ 3:21 pm By JD Alois  |  

The Securities and Exchange Commission’s one-two punch attacking Binance and Coinbase – two of the largest crypto exchanges in the world – may push other crypto marketplaces outside the US. As the US has struggled to craft new regulations to oversee the digital asset marketplace,… Read More

June 6, 2023 @ 12:32 pm By JD Alois  |  

Monogram Orthopaedics (NASDAQ:MGRM) aw its shares trade on Nasdaq following private security offering under Reg A+ – an exemption that allows retail investors to back a private firm. The offering was facilitated by DealMaker, a platform, and broker-dealer specializing in private securities and Republic, which… Read More

June 6, 2023 @ 11:52 am By JD Alois  |  

Peer-to-peer lender Folk2Folk is reporting its fourth year of profitability. According to the UK-based secured lender, pre-tax profit came in at £1.373 million for its 2022 financial year, marking four consecutive years of profitability. In addition, the company is issuing dividend payments to shareholders for… Read More

June 6, 2023 @ 11:12 am By JD Alois  |  

Approvals by big banks for small business loans continue to decline. According to Biz2Credit’s periodic survey of SME lending, loan approval percentages at big banks dipped from 13.5% in April to 13.4% in May. At the same time, approval ratings at small banks remained at… Read More

June 6, 2023 @ 11:04 am By JD Alois  |  

Regulated crypto exchange LCX has announced the launch of asset-backed NFTs [non-fungible tokens]. LCX has labeled the NFT project as Tiamonds, a service aimed to contractually enforce the bridging of digital and physical assets. Specifically, Tiamonds is a marketplace for diamonds which allows users to… Read More

June 6, 2023 @ 10:56 am By JD Alois  |  

Togai has raised $3.1 million in a seed round led by Together Fund, according to a company statement. Other investors include BoldCap, Core91, and angel investors, like Prasanna Shankar, the co-founder of Rippling. Togai is described as a metering and pricing platform for B2B companies…. Read More

June 6, 2023 @ 10:32 am By JD Alois  |  

Following the revelation of charges filed against Binance and its founder, the Securities and Exchange Commission (SEC) has filed similar charges against Coinbase (NASDAQ:COIN) – the US’s only publicly traded crypto exchange. The charges against Coinbase include operating an unregistered securities exchange, acting a broker,… Read More

June 6, 2023 @ 10:07 am By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has approved an amended order of registration for Cboe Clear Digital, LLC (Cboe Clear) to clear additional products, including digital assets. The CFTC said he approval is subject to the terms and conditions specified in the order as a… Read More

June 5, 2023 @ 5:43 pm By JD Alois  |  

Shares in Coinbase (NASDAQ:COIN), the only publicly traded pure-play crypto exchange and digital asset ecosystem, sank over 9% today as the news filtered out that the Securities and Exchange Commission (SEC) had filed 13 individual charges against Binance, Binance.US and its founder Chengpang Zhao. As… Read More

June 5, 2023 @ 5:28 pm By JD Alois  |  

Wefunder, one of the largest funding portals in operation in the US and a new investment platform operating in Europe has tweeted out a graphic showing which days generate the most investment. According to the Tweet, Friday is the best day in regards to the… Read More

June 5, 2023 @ 4:53 pm By JD Alois  |  

Regulation Crowdfunding (Reg CF) experienced a tepid month of online capital formation during May. In their monthly update, Crowdfund Capital Advisors (CCA) said that while the number of new deals increased by 22.7% compared to April, the capital committed decreased by 40.4%. CCA notes that… Read More

June 5, 2023 @ 1:07 pm By JD Alois  |  

Long anticipated and finally here, the Securities and Exchange Commission (SEC) has filed 13 charges against Binance and its founder and CEO, Changpeng Zhao. Binance is the largest crypto exchange in the world, garnering around 60% of crypto trading. Zhao, who goes by CZ, is… Read More

June 5, 2023 @ 10:21 am By JD Alois  |  

A UK All-Party Parliament Group (APPG) has published a report on crypto or digital assets. In brief, the report states that crypto is here to stay and requires comprehensive regulation. The report is entitled ‘Realising Government’s Vision for the UK To Become a Global Hub… Read More

June 5, 2023 @ 9:36 am By JD Alois  |  

A survey completed by CRIF says the youth in the UK are more interested in adopting digital banking in comparison to their continental Europe counterparts. The research claims one in five (21%) of those aged 18-34 in the UK would now choose a bank based… Read More

June 5, 2023 @ 8:44 am By JD Alois  |  

PayFuture has received an Electronic Money Institution (EMI) license from the UK Financial Conduct Authority (FCA). PayFuture states that with the EMI license, it will start to offer a suite of payment products, including the ability to issue electronic money, facilitate digital payments, and money… Read More

June 5, 2023 @ 8:35 am By JD Alois  |  

Giesecke+Devrient (G+D) has become a “Digital First integrator” as part of the Mastercard Engage network. G+D says it has expanded its role with Mastercard to facilitate digital payment solutions. Founded in 1852, G+D is a global security technology group headquartered in Munich. G+D develops technology… Read More

June 2, 2023 @ 5:18 pm By JD Alois  |  

Next week on June 6th, the House Committee on Agriculture will hold a hearing on digital assets. The scheduled hearing is joined with the release of draft legislation for the digital asset ecosystem that was crafted by both the House Committee on Financial Services and… Read More

June 2, 2023 @ 4:25 pm By JD Alois  |  

Under the leadership of Republicans, the US House of Representatives continues to push forward on financial services policy matters that aim to support Fintch innovation. Today, the Chair of the House Financial Services Committee, Patrick McHenry, and the Chair of the Committee on Agriculture, Glenn… Read More

June 2, 2023 @ 4:09 pm By JD Alois  |  

Zelle, a transfers and payments service utilized by many big banks as well as hundreds of smaller ones, stumbled once again today. Some customers woke up to discover that transfers completed via their Chase (NYSE:JPM) account – may have been sent twice. The duplicate transfers… Read More