May 8, 2023 @ 12:25 pm By JD Alois  |  

SeedBlink, a newer online investment platform based in Bucharest but with global aspirations, has announced a strategic partnership with Italy-based Doorway – another securities crowdfunding platform. Doorway is a venture capital platform in Italy, enabling direct investment in the asset class by private and corporate… Read More

May 8, 2023 @ 10:22 am By JD Alois  |  

Announced last week, the House Subcommittee on Digital Assets, Financial Technology, and Inclusion has scheduled a hearing on digital assets. The hearing entitled The Future of Digital Assets: Measuring the Regulatory Gaps in the Digital Asset Markets, is a joint hearing with the Agriculture Subcommittee… Read More

May 8, 2023 @ 9:49 am By JD Alois  |  

Describing it as a learning experience, Binance has announced that all pending Bitcoin transactions have now been processed after a bumpy day when the crypto exchange paused BTX trades. All pending $BTC withdrawal transactions have now been processed. Once again, thank you for your patience… Read More

May 7, 2023 @ 3:24 pm By JD Alois  |  

Binance, the top crypto exchange in the world, halted Bitcoin transactions temporarily today due to a “congestion issue.” In a Tweet, Binance announced the issue, which was resolved about two hours later. Binance has yet to reveal the issue that caused the interruption. We've temporarily… Read More

May 5, 2023 @ 7:44 pm By JD Alois  |  

Republic has submitted a comment letter to the Securities and Exchange Commission (SEC) regarding the proposed rulemaking on Safeguarding Advisory Client Assets. Republic is one of the largest securities crowdfunding platforms in the US, providing access to capital via the full stack of private exemptions…. Read More

May 5, 2023 @ 7:11 pm By JD Alois  |  

At the end of 2022, Senators Elizabeth Warren and Roger Marshall partnered on a bill targeting the digital asset industry. The bipartisan legislation, the Digital Asset Anti-Money Laundering Act, seeks to  close “loopholes in the existing anti-money laundering and countering of the financing of terrorism… Read More

May 5, 2023 @ 3:24 pm By JD Alois  |  

StartEngine has been raising growth capital once again in a self-crowdfunding round that has been available for several months now. According to the offering page, $13,858,375 has been raised in a Reg A+ offering for common equity from 7669 investors. StartEngine is selling shares at… Read More

May 5, 2023 @ 10:51 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has announced the largest-ever whistleblower award to the tune of $279 million. This is more than double the prior top amount of $114 million. Whistleblower awards are given to individuals who tip off the SEC in regard to infractions… Read More

May 5, 2023 @ 10:15 am By JD Alois  |  

Video: Key Questions for a Securities Crowdfunding Round. If you are raising money in a securities crowdfunding offering, you have multiple options as to how you pursue a funding round. First, you choose a securities exemption; Reg CF, Reg A+, or Reg D 506c. Reg… Read More

May 4, 2023 @ 10:23 pm By JD Alois  |  

Setscale is a Fintech startup that aims to help small businesses finance purchase orders. The company has just emerged from stealth and has announced a $9.5 million Seed round accompanied by $70 million in debt financing. The funding round was backed by Fin Capital, Great… Read More

May 4, 2023 @ 9:58 pm By JD Alois  |  

The House Financial Services Committee has announced a new hearing on the recent bank failures. The Oversight and Investigations Subcommittee Hearing will meet to discuss the “Oversight of Silicon Valley Bank and Signature Bank: GAO’s Preliminary Review.” Both Silicon Valley Bank and Signature Bank suffered… Read More

May 4, 2023 @ 12:15 pm By JD Alois  |  

The SEC Small Business Capital Formation Advisory Committee (SBCFAC) has announced new members following the completion of the majority of members four-year terms. The SBCFAC was created to provide the Commission with recommendations that support smaller firms, improve access to capital and mitigate onerous regulations… Read More

May 4, 2023 @ 11:52 am By JD Alois  |  

The Small Business & Entrepreneurship Council (SBE Council) says the Biden Administration is falling short in its support of small businesses and entrepreneurs.  The group says Biden’s policies receive a failing grade from business owners. Meanwhile, a “self-generated report” by the Administration that gives itself… Read More

May 4, 2023 @ 11:27 am By JD Alois  |  

Phil Haslett, co-founder and Chief Strategy officer at EquityZen, believes that the ongoing bank crisis could be a catalyst for the initial public offering (IPO) market in 2023. So this may be a bit of a stretch, but Haslett sees the collapse of Silicon Valley… Read More

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