June 7, 2023 @ 11:08 pm By JD Alois  |  

Circle is continuing its push to mitigate regulatory risk by receiving licenses to operate beyond the boundaries of the US. This week, Circle announced it had been approved as a Major Payment Institution (MPI) by the Monetary Authority of Singapore (MAS). Circle is a top… Read More

June 7, 2023 @ 8:30 pm By JD Alois  |  

The UK Financial Conduct Authority (FCA) has issued new rules for crypto promotions. The rules are said to align with other financial services offerings. CryptoUK, an association representing the UK’s digital asset industry, has issued a statement on the marketing rules. Su Carpenter, Director of… Read More

June 7, 2023 @ 7:01 pm By JD Alois  |  

The UK Financial Conduct Authority (FCA) has introduced new rules for the digital asset or crypto asset industry. The FCA describes the new rules as “tough,” incorporating a “cooling off period” for new investors – commencing on October 8, 2023. The marketing rules are part… Read More

June 7, 2023 @ 4:41 pm By JD Alois  |  

  SEC Commissioners Hester Peirce and Mark Uyeda have issued a public dissent of the Commission’s decision to deny CryptoFed DAO’s request to withdraw its registration statement and the motion to dismiss the case by the Division of Enforcement. In brief, in November 2021, the… Read More

June 7, 2023 @ 11:36 am By JD Alois  |  

StartEngine, one of the largest investment crowdfunding platforms in the US, has increased its founder bounty to $10,000. According to a recent email, if you know a founder that wants to raise growth capital – all you have to do is submit their contact information,… Read More

June 7, 2023 @ 11:19 am By JD Alois  |  

S&P Global Market Intelligence has distributed a brief on traditional banks, providing a list of banks by assets as well as deposits. According to the report, a majority of the largest US banks posted increases in assets in the first quarter as failures and exited… Read More

June 7, 2023 @ 11:09 am By JD Alois  |  

CrowdProperty is backing the £16 million development of a former Hallmark Card manufacturing facility that will be transformed into 137 apartments. According to the investment platform, CrowdProperty has agreed to a total development finance facility of £9,250,000 over an 18-month term. The developer is said… Read More

June 7, 2023 @ 9:20 am By JD Alois  |  

The House Subcommittee on National Security, Illicit Finance, and International Financial Institutions, part of the Financial Services Committee, is holding a hearing today on the dominance of the dollar around the world as a reserve currency. The hearing is entitled Dollar Dominance: Preserving the U.S…. Read More

June 6, 2023 @ 9:50 pm By JD Alois  |  

Last week, CI reported that the US House of Representatives passed several bills that aim to improve access to capital and to level the playing field for retail investors – including an update to the definition of an accredited investor. This week, the House has… Read More

June 6, 2023 @ 9:28 pm By JD Alois  |  

Following the hearing today on digital assets held by the House Committee on Agriculture, the House Financial Services Committee has scheduled its own hearing on digital assets. The Ag Committee oversees commodities and the Commodity Futures Trading Commission (CFTC), the main regulator of Bitcoin. Some… Read More

June 6, 2023 @ 9:04 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed an emergency action seeking a temporary restraining order to freeze the assets of Binance while requiring defendants to repatriate assets held for the benefit of customers of Binance.US. The SEC says the action is designed to protect… Read More

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