March 3, 2021 @ 2:43 pm By JD Alois  |  

Earlier today, Chancellor of the Exchequer Rishi Sunak presented the budget for 2021. Obviously, the government policy on spending comes at a difficult time as COVID-19 is still very much with us yet glimmers of relief are showing as the vaccine takes hold. The Chancellor… Read More

March 3, 2021 @ 10:29 am By JD Alois  |  

The Securities and Exchange Commission (SEC), Division of Examinations, has posted the examination priorities for 2021. The Division publishes its examination priorities annually to provide insights into its mission. According to the Division, they will add greater focus on climate-related risks as well as on… Read More

March 3, 2021 @ 10:16 am By JD Alois  |  

Virtuix, the creator of the Omni One platform that allows gamers to better interact with virtual worlds, has surpassed $11 million in funding using Reg A+. The securities offering is being hosted on SeedInvest and over 4000 investors have backed the offering which has a… Read More

March 2, 2021 @ 11:32 pm By JD Alois  |  

UK Finance has published a proposal for a “new service company” that will support the UK’s open banking infrastructure, according to a public statement. UK Finance is described as the collective voice for the banking and finance industry representing over 250 firms in the UK…. Read More

March 2, 2021 @ 3:54 pm By JD Alois  |  

Recently there has been a flurry of commentary regarding the future of crypto due in part to the rapid rise in price of Bitcoin and high profile purchases by corporates like Tesla. According to a report in Bloomberg, Citibank said we could be “at the… Read More

March 2, 2021 @ 3:03 pm By JD Alois  |  

TaxBit has announced a significant $100 million Series A funding round led by Paradigm and Tiger Global with participation from a long list of big names. Investors in TaxBit include PayPal Ventures, Winkelvoss Capital, Coinbase Ventures, Bill Ackman, Qualtrics co-founder and chairman Ryan Smith, Anthony… Read More

March 2, 2021 @ 2:46 pm By JD Alois  |  

Wefunder, a leading investment crowdfunding platform, has published a “public impact report” while touting having raised over $230 million since inception. Wefunder has raised capital for early-stage firms using the three crowdfunding exemptions: Reg D 506c, Reg A+, and Reg CF. But most issuers are… Read More

March 2, 2021 @ 12:17 pm By JD Alois  |  

tZERO has partnered with ROI Group, a real estate development company, to digitize up to $50 million of preferred equity in a luxury hotel and residential development located in downtown Dubai, according to a release. The tokenization will utilize the Tezos Blockchain. This is said… Read More

March 2, 2021 @ 12:07 pm By JD Alois  |  

New York Attorney General Letitia James has issued several alerts pertaining to investors purchasing cryptocurrencies. The AG said that investors should exercise “extreme caution when investing in virtual currencies.” Attorney General James also issued an alert to industry members, reminding brokers, dealers, salespersons, and investment… Read More

March 2, 2021 @ 11:00 am By JD Alois  |  

Marcus executive Omer Ismail has left Goldman Sachs (NYSE:GS) for Walmart (NYSE: WMT), according to a report in Bloomberg. Marcus has emerged as a top digital bank in the US growing rapidly in both users and services provided minus bank branches. The report states that… Read More

March 2, 2021 @ 10:28 am By JD Alois  |  

Goldman Sachs (NYSE:GS) has pivoted once again when it comes to crypto. Some time ago, it was widely reported that Goldman was launching a crypto trading desk. First reported in 2017, Goldman was predicted to launch a digital asset trading desk by June 2018. The… Read More

March 2, 2021 @ 9:27 am By JD Alois  |  

Rewire, a digital banking startup that is targeting cross-border banking services has announced a $20 million Series B funding round. The round was lead by leading global crowdfunding platform OurCrowd and also included a line of credit from an undisclosed bank. According to a release,… Read More

March 2, 2021 @ 8:16 am By JD Alois  |  

Gary Gensler, selected by President Joe Biden to become the Chairman of the Securities and Exchange Commission (SEC), is having his nomination hearing today in the Senate Banking Committee. If approved, Gensler will take the helm of the Commission and perhaps see it through a… Read More

March 1, 2021 @ 12:23 pm By JD Alois  |  

Kevin O’Leary, aka Mr. Wonderful, has become a crypto fan. During a discussion on CNBC today,  O’Leary said he was allocating a portion of his portfolio, reported to be around 3%, into Bitcoin. In the past, O’Leary has been less than complimentary of crypto in… Read More

March 1, 2021 @ 12:00 pm By JD Alois  |  

This past week the European Securities and Markets Authority (ESMA) issued a consultation paper addressing standards for the previously approved pan-European crowdfunding regulation. As covered in the past, the European Union has passed legislation to enable online securities offerings across its member nations. After many… Read More

March 1, 2021 @ 10:07 am By JD Alois  |  

At the end of 2020, the Securities and Exchange Commission (SEC) issued a statement on the custody of digital assets by “special purpose broker-dealers.” At that time, the SEC said that they were seeking to “encourage innovation around the application of Securities Exchange Act Rule… Read More

March 1, 2021 @ 9:03 am By JD Alois  |  

Daniel S. Loeb, the CEO of Third Point, is pondering the possibilities of crypto, according to several tweets this morning. Third Point holds over $14 billion in assets and reports an “event-driven, value-oriented investment style.” Third Points says it “seeks to identify situations where we… Read More

February 28, 2021 @ 6:20 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) Investor Advisory Committee has scheduled a meeting for March 11, 2021. Included on the agenda is a panel discussion on the hot Special Acquisition Company (SPAC) market. According to the agenda, the panel will be moderated by Christopher Mirabile,… Read More

February 27, 2021 @ 4:13 pm By JD Alois  |  

Property finance platform LendInvest has announced Strategic Partners for 2021 with 35 broker firms joining the program.  LendInvest explains that they recognize key broker firms as those that submit a high level of consistent business to LendInvest. Strategic Partners may access dedicated staff to service… Read More

February 26, 2021 @ 5:38 pm By JD Alois  |  

PDAX, a licensed crypto exchange operating in the Philippines, suffered an outage earlier this month. There have been multiple reports that traders were able to purchase Bitcoin at a steep discount during a time when BTC was trading at new all-time highs. A statement from… Read More