May 6, 2022 @ 11:35 am By JD Alois  |  

Brickowner, a property investment platform, has revamped with a new and improved offering for its investors. Launched in 2017, Brickowner says it wants to enable investments in minutes – not weeks. The Proptech provides a full-stack service for developers, fund managers as well as property investors…. Read More

May 6, 2022 @ 10:31 am By JD Alois  |  

The Securities and Exchange Commission has settled charges against NVIDIA (NASDAQ:NVDA) regarding allegations of inadequate disclosures concerning the impact of cryptomining on the company’s gaming business. Without admitting or denying the SEC’s findings, NVIDIA has agreed to a cease-and-desist order and to pay a $5.5… Read More

May 6, 2022 @ 10:06 am By JD Alois  |  

Bitcoin, once pitched as a non-correlated asset to more traditional markets appears to be chasing the NYSE and NASDAQ lower. Public markets tanked yesterday, as the Dow lost over 1,000 points, and the NASDAQ Composite dumped almost 5%, becoming the single worst day for markets… Read More

May 6, 2022 @ 9:48 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has distributed a Dear CEO letter to firms pitching credit in relation to their potentially misleading advertising. The FCA states that it has issued almost 28,000 consumer credit firms warning them not to use terms such as “no credit… Read More

May 6, 2022 @ 9:09 am By JD Alois  |  

Maydan Capital, a marketplace for vetted private securities offerings, has completed its first successful financing round for Netherlands-based Fairnance. UK-based Maydan Capital is an equity-focused private placement platform for early-stage and growth companies. The platform connects retail, accredited, and sophisticated investors directly to vetted equity… Read More

May 5, 2022 @ 7:24 pm By JD Alois  |  

Bitmex, once the leading crypto derivatives exchange, will see its three co-founders paying a $10 million penalty each to settle charges with the Commodity Futures Trading Commission (CFTC). According to a statement by the CFTC, Arthur Hayes, Benjamin Delo and Samuel Read must each forfeit… Read More

May 5, 2022 @ 7:04 pm By JD Alois  |  

This is interesting. Robinhood (NASDAQ:HOOD) announced this week that its account holders will now enable “Stock Lending.” To quote Steve Quirk, Chief Brokerage Officer at Robinhood: “Our version of Stock Lending empowers customers to put their investments to work while keeping it simple. Robinhood does… Read More

May 5, 2022 @ 6:30 pm By JD Alois  |  

California Governor Gavin Newsom issued an Executive Order this week claiming to be the first state in the nation to begin creating a comprehensive and harmonized framework for responsible Web3 technology. According to a statement posted by the Governor’s office, the goal is to foster… Read More

May 5, 2022 @ 3:56 pm By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC) is out with a report warning about the interconnected risks of the global financial industry. As if we didn’t need something else to cause concern, DTCC says the nature of these risks continues to evolve occurring with greater… Read More

May 5, 2022 @ 3:05 pm By JD Alois  |  

The two largest national securities crowdfunding associations in Europe, Financement Participatif France (FPF) and Bundesverband Crowdfunding e.V. (Germany) have issued a joint statement requesting that the European Commission extends the deadline for the transition to pan-European crowdfunding rules. The request for an extension has been… Read More

May 5, 2022 @ 2:46 pm By JD Alois  |  

The US House Committee on Financial Services has distributed its May Committee schedule. Several hearings of note are on the list. First, on May 11th at 10 AM ET, the Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets will convene for a hybrid hearing entitled,… Read More

May 5, 2022 @ 11:33 am By JD Alois  |  

Employee stock option funding platform Equitybee has announced a corporate rebranding of the company. According to a release, the “new visual identity” aligns with the transformation that is taking place across the organization. Equitybee did not indicate a name change. The company states that this… Read More

May 5, 2022 @ 11:25 am By JD Alois  |  

Carta, a digital platform that helps companies manage their cap tables, create valuation estimates, issue digital securities, and more, has partnered with Republic. Republic is one of the largest securities crowdfunding platforms in the US that continues to launch a growing number of verticals in… Read More

May 5, 2022 @ 10:53 am By JD Alois  |  

COVID, war, inflation, rising interest rates … the global economy is being hammered from multiple directions right now. After years of calm sailing, a global pandemic marked a dramatic change in markets that have endured a growing list of geopolitical and economic challenges. Like all… Read More

May 5, 2022 @ 10:30 am By JD Alois  |  

Binance, the largest crypto exchange in the world, is now registered with the French Autorité des Marchés Financiers (AMF) as a digital asset service provider (DASP). According to the AMF, Binance France is registered to offer: Digital assets custody Purchase/sale of digital assets for legal… Read More

May 5, 2022 @ 10:14 am By JD Alois  |  

BPC will help Mexican company Up Sí Vale by providing end-to-end payment services, according to a statement by the company. Up Sí Vale is a prepaid card issuer serving over 4 million customers throughout Mexico.  Up Sí Vale offers a range of prepaid “all-in-one” services… Read More

May 5, 2022 @ 9:24 am By JD Alois  |  

Keewe, a French Fintech in the eco sector, has raised €1.25 million for its mission to support SMEs and carbon reduction. The capital infusion cam from “selected business angels,” including Guillaume Amblard, (also Ledger, Lendable) and former head of trading and quantitative research at BNP… Read More

May 5, 2022 @ 9:10 am By JD Alois  |  

The Bank of England, Monetary Policy Committee (MPC), has announced a 25 basis point increase bringing its Bank Rate to 1%. According to a statement by the BoE, the MPC voted by 6-3 to increase Bank Rate by 0.25 percentage points. Those members in the… Read More

May 5, 2022 @ 8:41 am By JD Alois  |  

  Binance, the world’s largest crypto exchange, is part of a long list of big investors who have committed capital to Elon Musk’s acquisition of Twitter (NYSE:TWTR). According to a filing with the Securities and Exchange Commission (SEC), Binance has promised $500 million in equity… Read More

May 4, 2022 @ 10:29 pm By JD Alois  |  

This past March, Chairman Gary Gensler announced the Securities and Exchange Commission was aiming to require disclosure on climate impact for registered firms. The Fact Sheet may be viewed here. Climate-related information would be required in firms’ registration statements and annual reports, including information about… Read More