October 3, 2022 @ 8:24 am By JD Alois  |  

Global influencer, celebrity, and entrepreneur Kim Kardashian has settled charges with the Securities and Exchange Commission (SEC) regarding allegations of promoting a “crypto asset security” without revealing she was paid for touting the digital asset on social media. The promotion took place in June of… Read More

October 2, 2022 @ 5:33 pm By JD Alois  |  

In November of 2021, the European Union adopted new rules that allow securities crowdfunding platforms to raise capital across all member states. The move has been welcomed by the industry as it will remove national barriers enabling firms to raise up to €5 million across… Read More

October 1, 2022 @ 1:53 pm By JD Alois  |  

Wefunder, a funding portal that is a top Reg CF investment crowdfunding platform, has returned to HoneyComb Credit to raise another funding round. HoneyComb is a bank replacement funding portal that typically provides small businesses with an alternative path for business loans that are financed… Read More

October 1, 2022 @ 12:15 pm By JD Alois  |  

Celsius Network, a crypto yield and lending platform that is going through bankruptcy proceedings, has filed a document with the courts reminding borrowers they should repay outstanding loans but these outstanding debts and repayments are not currently being enforced. Celsius tweeted yesterday that the filed… Read More

September 30, 2022 @ 6:18 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) filed charges today in regard to an alleged crypto pump and dump scheme involving a digital asset DIG (Dignity). The SEC’s charges are against Arbitrade Ltd., a Bermudan company, and Cryptobontix Inc., a Canadian company, and their principals: Troy… Read More

September 30, 2022 @ 3:36 pm By JD Alois  |  

Upstream has announced another reporting company trading on the blockchain-enhanced marketplace following the news that ShiftPixy (NASDAQ: PIXY) added its shares to Upstream. Jupiter Wellness  (NASDAQ:JUPW) a company that offers over-the-counter health treatments, will trade as a digital security. Jupiter is a micro-cap with a… Read More

September 30, 2022 @ 1:21 pm By JD Alois  |  

While the Securities and Exchange Commission (SEC) keeps battling the courts, the courts keep telling the SEC to hand over the “emails and drafts” pertaining to the speech given by former SEC Corporate Finance Director William (Bill) Hinman discussing crypto in June of 2018. In… Read More

September 30, 2022 @ 10:58 am By JD Alois  |  

QED Investors, one of the top VC firms focusing on Fintech, has acquired boutique search firm Lingua Franca Search. QED already held a majority stake in the firm, but the company increased its ownership as part of a strategic focus of investing in firms providing… Read More

September 30, 2022 @ 9:29 am By JD Alois  |  

Payments provider PayU has distributed a survey that queried US consumers that claims there is a big opportunity for international merchants to capitalize on US consumer demand not being met domestically. According to PayU: 48% of Americans who have bought online from retailers based abroad… Read More

September 30, 2022 @ 8:13 am By JD Alois  |  

The Autorité des Marchés Financiers (AMF) and Autorité de Contrôle Prudentiel et de Résolution (ACPR), have issued a statement warning the public about entities offering crypto derivatives and Forex investments without authorization. The regulators maintain a “black list” of websites that is periodically updated that… Read More

September 29, 2022 @ 6:33 pm By JD Alois  |  

The Retirement Savings Modernization Act was introduced today by Senators Pat Toomey and Tim Scott, along with Representative Peter Meijer. The Act broadly expands the asset classes available to ordinary citizens for retirement accounts like widely utilized 401k plans. The legislation aims to help individuals better… Read More

September 29, 2022 @ 12:08 pm By JD Alois  |  

  Atlis Motor Vehicles, an EV company, listed its shares on the Nasdaq this week trading under the ticker symbol AMV.  One of the most interesting aspects of the initial public offering (IPO) is the fact that Atlis first raised capital under Reg CF as well… Read More

September 29, 2022 @ 10:45 am By JD Alois  |  

Investment crowdfunding under Reg CF (Regulation Crowdfunding) has emerged as a powerful legislative success, boosting economic growth and providing access to capital for early-stage firms in need of money. Created under the JOBS Act of 2012 – a bipartisan act of legislation, Reg CF has… Read More

September 29, 2022 @ 9:53 am By JD Alois  |  

7IM has selected Bloomberg AIM, an order management system, to boost the firm’s goal of an efficient target operating model to support assets under management (AUM) growth, according to the company. 71M is a young investment management platform that works with professional wealth managers, planners,… Read More

September 28, 2022 @ 6:35 pm By JD Alois  |  

The Securities and Exchange Commission (SECI  has filed charges against The Hydrogen Technology Corporation, former CEO, Michael Ross Kane, and Tyler Ostern, the CEO of Moonwalkers Trading Limited, for allegations regarding the sale of unregistered “crypto asset securities” of Hydro. The SEC also alleges that… Read More

September 28, 2022 @ 7:57 am By JD Alois  |  

Congressman Patrick McHenry, the ranking Republican on the House Financial Services Committee, has announced a “capital formation agenda.” McHenry said that Republicans want to bring the issue “back to the forefront” helping small businesses and entrepreneurs. McHenry said that capital formation is a vital to… Read More

September 27, 2022 @ 4:06 pm By JD Alois  |  

Nexo, a digital asset firm that describes itself as the “world’s leading regulated institution for digital assets,” has acquired an ownership stake in Hulett Bancorp (DBA Mode Eleven), the parent company of Summit National Bank. Summit National Bank is a federally chartered financial institution. Terms… Read More

September 27, 2022 @ 12:27 pm By JD Alois  |  

New York Attorney General Letitia James has sued Nexo, a large digital asset platform. James is joining 7 other states in pursuing the crypto firm. New Y0rk is being joined in the action by the following states: California, Kentucky, Maryland, Oklahoma, South Carolina, Washington, and Vermont…. Read More

September 27, 2022 @ 12:15 pm By JD Alois  |  

In a brief corporate statement, Alex Mashinsky, founder and CEO of Celsius Network, has resigned from the firm, effective immediately. Celsius is one of the crypto firms that grew rapidly providing incredible returns to investors via its crypto lending/yield platform, only to collapse in the… Read More

September 27, 2022 @ 9:00 am By JD Alois  |  

BR-DGE , a merchants payments provider that aims to offer a simple and affordable “payment orchestration platform,” has announced a partnership with Vyne. Vyne uses Open Banking to enable account-to-account payments for online businesses. In a company statement, BR-DGE explained that the partnership with Vyne… Read More