May 4, 2023 @ 11:07 am By JD Alois  |  

Ireland-based investment firm Elkstone has raised around €5 million in strategic capital from a range of investors, including Dalata hotel group founder Pat McCann, according to a statement by the firm. McCann, who is also Chairman of the firm, said: “I take great pride in… Read More

May 4, 2023 @ 10:48 am By JD Alois  |  

Digital asset enabler Paxos has been recruited by Fierce to provide crypto services. Fierce is a neobank that offers a “super app” that includes an FDIC-insured checking account, a no-fee Debit Card, fractional stock, ETF trading, and more. Fierce banking services are provided in partnership… Read More

May 4, 2023 @ 9:36 am By JD Alois  |  

  The European Central Bank (ECB) has increased its benchmark rate by 25 basis points following a similar move by the US Federal Reserve. In a statement, the ECB said the inflation remains elevated, and the Governing Council concurs with its prior assessment of the… Read More

May 3, 2023 @ 7:22 pm By JD Alois  |  

The House Financial Services Committee has announced two new hearings of note – both scheduled for Wednesday, May 10th. First, the Committee will hold a hearing on the recent bank failures as bank carcasses continue to pile up. The Subcommittee on Financial Institutions and Monetary… Read More

May 3, 2023 @ 6:58 pm By JD Alois  |  

Perhaps Jamie Dimon’s All Clear regarding the bank crisis – telling everyone to take a deep breath after JP Morgan Chase (NYSE:JPM) took over First Republic Bank (NYSE:FRC) was a bit premature. In after-hours trading, PacWest’s (Pacific Western Bank) (NASDAQ:PACW) shares are cratering – currently… Read More

May 3, 2023 @ 3:24 pm By JD Alois  |  

The US Federal Reserve announced a 25 bps increase in benchmark interest rates matching market expectations. While some held hopes for a pause this week, prognosticators are now looking forward to the next meeting in June. What did change in the Federal Open Market Committee… Read More

May 3, 2023 @ 10:34 am By JD Alois  |  

Boxabl, a pre-fab housing manufacturer that has generated significant interest among consumers, is planning to return to StartEngine for its next funding round, according to an email from the platform. In August of 2022, Boxabl closed a Reg A+ securities offering at around $24 million…. Read More

May 3, 2023 @ 8:48 am By JD Alois  |  

Private equity markets around the world remain subdued due to economic challenges and geopolitical strife. At the same time, online capital formation, a growing component of capital markets, remains robust – at least in the US. According to a report by Crowdfund Capital Advisors (CCA),… Read More

May 2, 2023 @ 5:30 pm By JD Alois  |  

While the United States continues to pursue a rule-upon-regulation strategy that undermines public listings, increasing cost and compliance requirements, the UK is looking to improve the number of public firms by simplifying its listing rules. The policy objective has been discussed for years, and today… Read More

May 2, 2023 @ 4:44 pm By JD Alois  |  

  Markets in Crypto-Assets legislation or MiCA was approved by the European Parliament two weeks ago. The digital asset framework aims to provide harmonized rules for all European Member states – enabling innovation while providing sufficient protections for markets and investors. At the same time,… Read More

May 2, 2023 @ 4:04 pm By JD Alois  |  

Temasek has taken the extraordinary step of refuting internet chatter that it has invested in Array. Array is an “omni-chain protocol for application-oriented decentralized asset management” that aims to create a “next-generation algorithmic currency system.” Temasek is a “generational investor” and global investment company headquartered… Read More

May 2, 2023 @ 10:32 am By JD Alois  |  

Banking as a Service Provider Griffin, has appointed Marina Gorey as Chief People Officer. Griffin states that this marks a new phase for the Fintech, which was recently authorized, subject to restrictions, as a UK bank by the Prudential Regulation Authority (PRA). David Jarvis, CEO and… Read More

May 2, 2023 @ 10:15 am By JD Alois  |  

The trading window for securities issued on the Seedrs platform is currently open, with 690 different securities potentially available for trading. The monthly trading opportunity is open for the next six days. While starting slowly, the secondary market has continued to inch higher, providing investors… Read More

May 2, 2023 @ 10:02 am By JD Alois  |  

Last week, digital asset fund flows delivered $72 million in outflows – the second consecutive week of exits. Speculation is that a looming Federal Reserve rate hike has cooled the digital asset market. According to the report by CoinShares,  Bitcoin saw the majority of outflows… Read More

May 2, 2023 @ 8:50 am By JD Alois  |  

Taly has enlisted BPC’s SmartVista Platform to provide digital payment services to banks, Fintechs, and other clients in Egypt. Taly is a new Payment Service Provider based in Cairo. The provider is said to be the “first of its kind” in the region, offering digital… Read More

May 2, 2023 @ 8:33 am By JD Alois  |  

Crowdcube, one of the largest securities crowdfunding platforms in the world, recently decided to take legal action against an issuer that raised growth capital on its platform. In 2022, Student Rents raised over  £466,000 from 179 investors for a 9.39% equity stake in for a… Read More

May 1, 2023 @ 9:41 pm By JD Alois  |  

Exodus Movement (tZERO: EXOD), a company that offers a self-custodial cryptocurrency platform, has announced full 2022 results. According to the company, revenue for the year sank by 47%, dropping to $50.6 million in comparison to $95.8 million during 2021. The net loss for 2022 was… Read More

May 1, 2023 @ 4:54 pm By JD Alois  |  

Following the chaos and mayhem in the banking system, the Federal Deposit Insurance Corporation (FDIC) has posted recommendations for deposit insurance reform. The FDIC highlights three suggestions for regulatory reform, as follows: Limited Coverage: Maintaining the current deposit insurance framework, which provides insurance to depositors… Read More

May 1, 2023 @ 3:04 pm By JD Alois  |  

While Apple (NASDAQ:AAPL) has not officially announced how Apple Savings is fairing, a recent report indicates that the Fintech offering is already capturing solid interest from Apple device users. Apple launched its anticipated Apple Savings feature in partnership with Goldman Sachs (NYSE:GS) on April 17th…. Read More

May 1, 2023 @ 11:32 am By JD Alois  |  

In another sign of the flagging global economy, Germany-based digital bank N26 has announced a 4% reduction in its employee headcount. N26 is a fully licensed bank receiving approval in its home country. N26 operates in various European countries. At one point, it took a… Read More