JD Alois

Strategy to Sell Bitcoin to Buy Back Shares

Strategy (NASDAQ:MSTR) says it will sell Bitcoin holdings to buy back its own shares. Strategy, the original digital asset treasury firm that has become a proxy for Bitcoin, is expected to sell up to $1.25 billion of BTC. The company also updated its dividend policy… Read More

House Digital Assets Subcommitee Schedules Field Hearing on the CLARITY Act

The Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence, part of the House Financial Services Committee, has scheduled a “field hearing” on “How the Clarity Act Unlocks Innovation. This hearing will take place in New York City on Friday, July 17th at 10AM ET…. Read More

Bank of New York Mellon to Support USDC Stablecoin

The Bank of New York Mellon (NYSE: BNY) will start offering support for USDC, Circle’s (NYSE:CRCL) dollar based stablecoin, for its customers by July. Stablecoins, typically viewed as part of the crypto ecosystem, may be better understood as an improvement to the existing transfer and payment  rails…. Read More

tZERO Says Broker Dealer Muriel Siebert & Co Selects Their Tokenization Services

tZERO says that Muriel Siebert & Co. has selected their platform to enable tokenization. tZERO states that Muriel Siebert & Co. is a broker dealer with “institutional distribution reach” and around $20 billion in wealth management assets. tZERO will facilitate digital securities for the broker… Read More

Bitfinex Analysts: Bitcoin Could Drop to $40,000

Bitcoin continues to struggle as it trades below $60,000 and well below its all time high of over $130,000. Everyone who was betting that BTC would continue its march higher is in a world of pain. Strategy (NASDAQ:MSTR) is struggling as the original Bitcoin proxy… Read More

More Fintechs Applying for Bank Charters

A recent report by Moody’s highlights the growing interest in acquiring a federal bank charter. For years, few firms sought to obtain a bank charter, but the transition to digital finance and the desire to offer bank services directly have compelled more entities to apply… Read More

SuRo Capital Comments on Reports OpenAI to Delay IPO Until 2027

Multiple reports indicate that OpenAI, creator of Chat GPT, may delay its anticipated initial public offering until 2027. The AI firm has emerged as one of the most anticipated IPOs of the year. OpenAI filed confidentially with the SEC earlier this month. The company is… Read More

Passage of the CLARITY Act Still Anticipated to Occur Before Congress Goes on Summer Break

The CLARITY Act, crypto market infrastructure legislation, is a key component of ensuring the US is a leader in the digital asset race. The bill outlines who oversees what while incorporating important consumer-protection features. Unlike the prior administration, which sought to undermine digital asset development… Read More

Crowdcube Touts Nominee Structure: £1.3 Billion, 979 Companies

Crowdcube, a leading online investing platform in the UK, recently provided an update on its Nominee Structure, which assists capital formation on the platform. At the same time, Crowdcube declared that “the line between public and private markets is disappearing, and with it, value creation… Read More

Coalition for Prediction Markets Files Amicus Brief Supporting CFTC Oversight in Battle with the States

The Coalition for Prediction Markets, a group that represents Kalshi, crypto.com, and several other platforms, has submitted an Amicus Brief in support of the lawsuit (KalshiEX LLC v. Schuler et al.) targeting Kalshi and its preference for the Commodity Futures Trading Commission to hold regulatory… Read More

Law Enforcement Associations Worry About the CLARITY Act and Illicit Activity Using Digital Assets

Several law enforcement associations have forwarded a letter to the Acting Attorney General of the US expressing concern regarding the CLARITY Act, crypto infrastructure legislation, and its impact on illicit activities. While physical dollars have long been the preferred method of value transfer for criminals,… Read More

Ripple’s Dollar based Stablecoin, $RLUSD, Available in Japan

Ripple shares that its dollar-based stablecoin $RLUSD is now available in Japan. The company said that the Japanese Financial Services Agency has approved the stablecoin. Ripple partnered with SBI Group and VCTRADE to gain approval. Ripple has worked with SBI Group since 2016. SBI Group… Read More

Securitize Sued for Patent Infringement by tZERO, Liquid Rarity Exchange

The Citizens Jury Wheel Legal Court Trial Justice Judge Law

Digital asset firm Securitize has been sued by Liquid Rarity Exchange, dba RarityX, and by tZERO. The claim is for patent infringement relating to two patents covering asset tokenization and fractionalized ownership systems The filing by Liquid Rarity Exchange alleges that Securitize’s tokenization platform and digital… Read More

Binance Withdraws MiCA Application Filed in Greece

Binance has decided to withdraw its application under MiCA, or Markets in Crypto Assets regulation, in Greece, according to a post on X. The company said that it made the decision to withdraw “after careful consideration of the current status and timeline of the Greek… Read More

Housing Legislation that Includes CBDC Ban to Become Law – Update

The US Senate has sent the 21st Century ROAD to Housing Act  to the President’s desk to be signed into law. The legislation garnered significant bipartisan support, which seems rare in today’s fractured political environment. The Chairman of the Senate Banking Committee, Tim Scott, said… Read More

StartEngine Files for New Reg A Offering

StartEngine, a prominent online marketplace for private securities, has filed to raise more funds under Regulation A (Reg A). StartEngine has launched multiple securities offerings under the exemption to support platform growth. Securities issued under Reg allow anyone to participate. According to the Offering Circular,… Read More

Fintech Insiders Comment on Bank of England Stablecoin Rules Proposal

  The Bank of England has published proposed rules for privately issued stablecoins. This sector of Fintech may become the new, improved payment rails that provide instant transfers and payments at a lower cost than legacy providers. The rules have encouraged some participants in the… Read More

Entrepreneurship in Canada is in Decline, Meanwhile Public Sector Employment and Non-Profit Employment is on the Rise

Canada used to be a country that punched above its weight in business creation and entrepreneurship, but in recent years, this quality has declined. Even more worrying, more jobs are being created in the public sector and by non-profits/NGOs, thereby crowding out private-sector development. A… Read More

Archax $GOVY Available on tZERO

tZERO will make Archax $GOVY, tokenized treasuries, available to institutional investors. Archax said the digital asset will be available for qualified purchasers via tZERO’s broker-dealer later this year. $GOVY provides access to short-term treasuries with on-chain settlement, custody, and delivery. Archax noted this builds upon… Read More

Kraken Parent Company Receives VASP Licence in BVI

The parent company of Kraken, Payward, has been approved for a virtual asset service provider (VASP) in the British Virgin Islands. The British Virgin Islands Financial Services Commission (BVI FSC) will enable it to provide regulated digital asset services to clients operating from or through… Read More

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