May 22, 2023 @ 9:12 am By JD Alois  |  

Dalmore Group, a broker-dealer that has emerged as a top provider of securities crowdfunding services, has become a leading platform enabling fractionalized assets. Fractionalization may be most frequently associated with broker platforms that allow investors to purchase a fraction of high-priced shares to make it… Read More

May 22, 2023 @ 8:29 am By JD Alois  |  

CrowdProperty has announced it has increased rates paid to investors to a range of 8% to 9%. The announcement is being made following the recent move by the Bank of England, which increased benchmark rates to 4.5%. The rates paid to investors are on both… Read More

May 21, 2023 @ 10:28 pm By JD Alois  |  

Tranglo and Lulu Money have announced a partnership on cross-border payments. Tranglo currently processes 80% of its payments in real-time.  LuLu Financial Holdings runs a proprietary Digit9 platform, an API-first model for remittance-as-a-service. The two companies say they will benefit from complementary strengths on international… Read More

May 21, 2023 @ 1:40 pm By JD Alois  |  

Crowdcube’s Next Unicorn project has narrowed the number of companies down to 20. As the name explains, the project is to uncover the next company to be worth over one billion dollars. As was previously reported, BrewDog co-founder James Watt is working with Crowdcube on… Read More

May 21, 2023 @ 1:25 pm By JD Alois  |  

US household debt increased during the first quarter of 2023, hitting $17.05 trillion – the highest amount on record, according to a recent report by the New York Federal Reserve. Mortgage balances increased by $121 billion during the first quarter of 2023 and stood at… Read More

May 19, 2023 @ 5:46 pm By JD Alois  |  

T. Raja Kumar of Singapore is the current president of the FATF, and yesterday he issued a call to the G7 to end the “lawless crypto space.” The Financial Action Task Force is a global group that aims to halt money laundering, terrorist financing and… Read More

May 19, 2023 @ 3:22 pm By JD Alois  |  

Announced last month,  Boustead Securities, a broker-dealer, now allows US-based investors to trade dual-listed securities on Upstream – part of MERJ Exchange. Upstream is a market providing liquidity for digital securities and is actively seeking firms interested in dual listings – IE companies trading on… Read More

May 19, 2023 @ 11:18 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) and the Federal Reserve Bank of New York’s New York Innovation Center  (NYIC) have published a research report sharing the results of the joint Project Cedar Phase II x Ubin+ (Cedar x Ubin+). Singapore is typically viewed as the… Read More

May 19, 2023 @ 10:58 am By JD Alois  |  

In a speech delivered today, Eddie Yue, Chief Executive of the Hong Kong Monetary Authority (HKMA), announced the pilot program launch of e-HKD or the Hong Kong central bank digital currency (CBDC). According to Yue, 16 companies have been selected to participate in the first… Read More

May 19, 2023 @ 10:47 am By JD Alois  |  

A grand jury has issued an indictment in the case of Frank, a Fintech that helped college students gain access to grants and loans, and its founder Charlie Javice. The charges include bank fraud, wire fraud, conspiracy, and securities fraud while demanding the forfeiture of… Read More

May 19, 2023 @ 10:27 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has received a default judgment against Chicago Crypto Capital (CCC) and its founder Brian Amoah and former salesperson Elbert “Al” Elliott. The defendants were previously charged with fraud and the unregistered offering of digital asset securities. The SEC claims… Read More

May 19, 2023 @ 8:19 am By JD Alois  |  

The self-described “Tesla of Motorcycles,” Curtiss Motorcycle Co., has listed a securities offering on Wefunder. Investors are purchasing equity in the company at a pre-money valuation of $7.3 million.  The offering page indicates that $554,000 has been raised on an initial target of $581,000, but… Read More

May 18, 2023 @ 10:23 am By JD Alois  |  

Earlier this week, CI reported that ten companies that raised money under the Regulation A (Reg A+) securities exemption were the targets of enforcement actions by the Securities and Exchange Commission (SEC). All of these issuers settled with the Commission by paying a penalty ranging… Read More

May 18, 2023 @ 8:08 am By JD Alois  |  

Top dollar based stablecoin issuer Tether says it will take its operating profits and purchase Bitcoin. Tether said that it first manages reserves but the purchase of Bitcoin, the worlds most popular crypto, will further strengthen reserves. The purchases of Bitcoin will commence this month… Read More

May 18, 2023 @ 7:23 am By JD Alois  |  

Digital asset industry participants are pushing back against the Parliament Treasury Committee’s report on crypto that declared the asset class should be treated like gambling. The statement was predicated on the opinion that many cryptocurrencies hold no intrinsic value – except for speculation. The Chair… Read More

May 17, 2023 @ 5:19 pm By JD Alois  |  

This morning, a Parliament Treasury Committee issued a report that was highly critical of crypto, announcing that it believes this sector should be regulated similarly to gambling. The Committee said many digital assets have no intrinsic value, creating unecessary risk for UK investors. Today, Innovate… Read More

May 17, 2023 @ 10:47 am By JD Alois  |  

CapitalRise, a specialist prime property finance company, has provided £7.4 million for a loan to develop two detached properties totaling 17,490 sq. ft on a private 15-acre plot of land in affluent Marlow. CapitalRise adds that the property will include leisure facilities such as a… Read More

May 17, 2023 @ 9:32 am By JD Alois  |  

wefox, a Germany-based Insurtech, has raised $110 million in Series D funding along with a $55 million revolving credit facility from Barclays and JP Morgan. The equity capital was raised at a valuation of $4.5 billion. wefox described the funding as buttressing its business model… Read More

May 17, 2023 @ 9:22 am By JD Alois  |  

On Monday, Coinbase (NASDAQ:COIN) revealed that the Securities and Exchange Commission (SEC) has finally responded to its request for rulemaking on digital assets. That answer was as anticipated as the Commission declined to pursue new rules. Last month, Paul Grewal, the Chief Legal Officer of… Read More

May 16, 2023 @ 11:01 pm By JD Alois  |  

CryptoUK, a UK-based advocacy group supporting digital asset innovation, has slammed comments made by the UK Treasury Committee that has been reviewing the crypto industry in the country. CryptoUK criticized the statement that denigrated digital asset markets, with the Committee describing crypto as follows: “Unbacked… Read More