May 3, 2021 @ 1:35 pm By JD Alois  |  

The House Committee on Financial Services has disseminated the May 2021 calendar of hearings that cover a wide range of financial services issues. As has been previously reported, this coming Thursday (May 6), beginning at 12Noon ET, will see the GameStop phenomenon discussed once again…. Read More

May 3, 2021 @ 11:59 am By JD Alois  |  

EBay (NASDAQ:EBAY) CEO Jamie Iannone indicated his company is investigating the offering of non-fungible tokens or NFTs as it looks to support new categories. In an interview on CNBC today, Iannone had this to say about the potential for NFTs: “We are looking at it… Read More

May 3, 2021 @ 10:28 am By JD Alois  |  

INX Limited reports that it has raised approximately $85 million in “the first SEC-registered token IPO.” INX is a digital asset company that seeks to provide a regulated trading platform for both digital securities and crypto. INX states that over 7200 investors participated in the… Read More

May 1, 2021 @ 7:39 pm By JD Alois  |  

Later this week, the House Committee on Financial Services will hold a hearing addressing the GameStop trading phenomenon. This will be the third hearing the Committee will have held on the short squeeze that was partly orchestrated by individual chatting on Reddit. Many of the… Read More

April 30, 2021 @ 11:14 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS) has announced a new grant program targeting Regulatory Technology or Regtech that is said to be an enhancement of the Digital Acceleration Grant (DAG) scheme to accelerate technology adoption.  In a public statement, MAS said it will commit S$42… Read More

April 30, 2021 @ 4:55 pm By JD Alois  |  

Earlier today the SEC Small Business Capital Formation Advisory Committee held a meeting on facilitating access to capital to underserved segments of the country. As most people understand, small businesses and entrepreneurs drive the majority of job growth and wealth creation. While policies that encourage… Read More

April 30, 2021 @ 2:38 pm By JD Alois  |  

The Biden administration has just completed its first 100 days in office. Since January, the Administration has proffered a whirlwind of policy changes and legislation from massive spending in the trillions of dollars to profound changes in the tax system. Meanwhile, the economy has already… Read More

April 30, 2021 @ 2:02 pm By JD Alois  |  

This past week, the European Investment Bank (EIB) issued a €100 million digital bond offering on the Ethereum blockchain. The EIB worked with Goldman Sachs, Santander, and Societe Generale on the issuance along with the support of the Banque of France. Notably, the payment of… Read More

April 30, 2021 @ 11:24 am By JD Alois  |  

DeFi firm Dispersion Holdings has commenced trading of its shares on the Aquis Stock Exchange Growth Market (AQSE). Aquis Exchange is authorised and regulated by the UK Financial Conduct Authority and France’s Autorité des Marchés Financiers to operate Multilateral Trading Facility businesses in the UK… Read More

April 30, 2021 @ 9:49 am By JD Alois  |  

Coinbase (NASDAQ:COIN), the largest crypto exchange in the US, has acquired skew, a UK-based data analytics firm in the digital asset sector. Terms of the deal were not revealed and the transaction is expected to close next month following typical closing conditions. Founded in London… Read More

April 29, 2021 @ 10:11 pm By JD Alois  |  

Zipmex, a Singapore-based digital asset exchange that operates in multiple countries, says it has processed Asia’s first purchase of a Lamborghini using cryptocurrency. According to a release, Jo Chirawat used Zipmex’s mobile app to put a downpayment in Bitcoin on a 2021 Huracán EVO RWD… Read More

April 29, 2021 @ 3:50 pm By JD Alois  |  

Earlier this week, OurCrowd CEO and founder Jon Medved held a virtual press briefing commenting on both the marketplace in Israel and the performance of OurCrowd in a pretty hot investment environment. Recently, it was reported that Israel has broken into the top 20 nations… Read More

April 29, 2021 @ 11:58 am By JD Alois  |  

Bank branches are closing at a record pace according to Deutsche Bundesbank. Perhaps boosted by COVID-19, the emergence of Fintech and the fact that no one under a certain age wants to visit a physical bank branch is obviously driving closures of these once ubiquitous… Read More

April 29, 2021 @ 10:48 am By JD Alois  |  

Following a Call for Input (CFI) that sought feedback on the promotion of consumer investments, the UK Financial Conduct Authority (FCA) has published its proposal designed to safeguard retail investors.  The proposals in the Discussion Paper (DP) may impact new asset classes such as investment… Read More

April 29, 2021 @ 9:53 am By JD Alois  |  

A mere week after being announced as the new Director of the Division of Enforcement, Alex Oh has resigned for personal reasons, according to the Securities and Exchange Commission (SEC). Reportedly, Oh resigned due to a complication from a case that occurred while in private… Read More

April 29, 2021 @ 8:18 am By JD Alois  |  

Compliance first digital asset firm Paxos has closed a $300 million Series D round of funding, according to a note from the company. Paxos’s platform offers technology to tokenize, custody, trade, and settle assets. Oak HC/FT led the round, with participation from existing investors including… Read More

April 28, 2021 @ 5:00 pm By JD Alois  |  

LendingClub Corporation (NYSE: LC), has announced Q1 2021 earnings delivering a net loss of $41 million for the quarter. Loan originations were $1,483.2 billion for the quarter. In Q1 2020 that number was $2,521 billion. Loan originations in Q4 of 2020 were $912.0 million. LendingClub… Read More

April 28, 2021 @ 2:03 pm By JD Alois  |  

StartEngine, one of the largest securities crowdfunding platforms in the US, is in the midst of pitching a forthcoming investment round in the platform. Under the Reg A+ securities exemption, StartEngine may “test the waters” to gauge investor demand for a securities offering. StartEngine has… Read More

April 28, 2021 @ 1:47 pm By JD Alois  |  

US Bank has announced that it will commence providing custody of digital assets. Last year, all banks received clarity from the Office of the Comptroller of the Currency when the regulator published a letter outlining the ability for chartered banks to handle cryptocurrency. At that… Read More

April 28, 2021 @ 8:48 am By JD Alois  |  

A report distributed by Business Rescue Expert claims that defaults of Bounce Back Loan Scheme (BBLS) could cost HM Treasury up to £27 billion. BBLS is a key business support program launched by the UK government to help backstop the stumbling economy that was pummeled… Read More