August 25, 2020 @ 5:28 pm By JD Alois  |  

It should be obvious to most everyone that the current definition of an Accredited Investor not only disenfranchises the vast majority of the population it is not really an effective proxy to evaluate an individual’s ability to assess risk and the opportunity affiliated with private… Read More

August 25, 2020 @ 12:27 pm By JD Alois  |  

Tomorrow, the Securities and Exchange Commission (SEC) will reveal any changes to Regulation S-K. A proposal by the Commission was introduced in 2019. According to the meeting notice, the Commission will consider: “whether to adopt amendments to modernize the description of business, legal proceedings, and… Read More

August 25, 2020 @ 8:43 am By JD Alois  |  

As the class action lawsuits pile up, Wirecard (WDI:DE) is experiencing an exodus of empl0yees. The once prominent Fintech, now insolvent and dealing with allegations of fraud, has experienced a profound destruction in value as shares in Wirecard have effectively collapsed – trading slightly above… Read More

August 25, 2020 @ 7:00 am By JD Alois  |  

ODX, a subsidiary of OnDeck (NYSE: ONDK) – a Fintech that was recently purchased by Enova, has announced the launch of a “Digital Account Opening” (DAO) experience, adding to its suite of services offered by the company.  The DAO service is designed to streamline onboarding… Read More

August 24, 2020 @ 8:44 pm By JD Alois  |  

SeedInvest is a leading investment crowdfunding platform in the US that lists securities under the full stack of securities exemptions including Reg CF, Reg D, and Reg A+. More than $200 million has been invested via the crowdfunding platform. SeedInvest has long touted its selectivity… Read More

August 24, 2020 @ 3:05 pm By JD Alois  |  

LIFULL Co., Ltd., operator of a Japanese real estate listing website “LIFULL HOME’S” has partnered with Securitize to offer digital securities based on real estate assets. According to a note from Securitize, LIFULL and Securitize are emblematic of the evolution of the global digital securities… Read More

August 24, 2020 @ 2:05 pm By JD Alois  |  

Nium, a payments Fintech based in Singapore, has announced a partnership with Teledolar in Costa Rica thus entering the Latin American market. Nium states that its expansion in LatAm will help Fintechs, banks and financial institutions digitize their solutions. Through the partnership with Teledolar, customers… Read More

August 24, 2020 @ 11:26 am By JD Alois  |  

Manatt, Phelps & Phillips, LLP, a law firm that is active in the Fintech sector, has announced several new hires to boost its Fintech practice. According to a note from the firm, corporate partner Marc Boiron and litigation partner Rebecca Rettig have joined Manatt’s financial services… Read More

August 24, 2020 @ 11:05 am By JD Alois  |  

Aspen Digital, a digital security, is now trading on tZERO – a regulated ATS and subsidiary of Overstock (NASDAQ:OSTK). Aspen Digital is utilizing the Tezos blockchain and is said to be the first digital security based on Tezos to trade on a marketplace. The shares… Read More

August 24, 2020 @ 10:04 am By JD Alois  |  

In July, Seedrs revealed an update to its Secondary Market that enabled dynamic pricing (or variable pricing) for securities trading on its in-house marketplace. Seedrs explained at that time that previously a seller would list shares on the Seedrs Secondary Market at a price determined… Read More

August 24, 2020 @ 9:03 am By JD Alois  |  

Zopa, a digital bank and online lender, has published the interest rates affiliated with its savings accounts. According to a note from the Fintech, savers may generate interest from 1.05% to 1.3% – depending on the term. Zopa’s Fixed Term Savings accounts are available today… Read More

August 24, 2020 @ 8:46 am By JD Alois  |  

The Cyberpolice of Ukraine reports that it has exposed a criminal group that laundered approximately $42 million in cryptocurrency. Last week, the law enforcement agency posted that three individuals have been accused of the crime and now face up to 8 years in jail. According… Read More

August 23, 2020 @ 7:30 pm By JD Alois  |  

Later this week, the Securities and Exchange Commission (SEC) will update the definition of an Accredited Investor – a rule that has been in place for decades. An open meeting of the Commission is scheduled for Wednesday, August 26, 2020. The current rule allows individuals… Read More

August 23, 2020 @ 3:18 pm By JD Alois  |  

INX Limited, a company that filed an F-1 with the Securities and Exchange Commission (SEC) in 2019, that was subsequently approved earlier this year, will kick off its public sale of the digital asset this week on August 25, 2020. The security token (INX) will… Read More

August 23, 2020 @ 2:44 pm By JD Alois  |  

Taviner, the power generation and transmission company of Iran, has shut down 1100 crypto mining farms that apparently were not licensed to do business in the country. In the summer of 2019, it was reported that the Iranian government had legalized crypto mining companies for… Read More

August 22, 2020 @ 6:13 pm By JD Alois  |  

The Reserve Bank of Australia, Payments System Board, recently held a meeting to review several issues including the issuance of Central Bank Digital Currency (CDBC). The Bank noted that the Australian payments system has performed well during the COVID-19 pandemic. Cash during COVID has become… Read More

August 21, 2020 @ 4:48 pm By JD Alois  |  

Billon Group Ltd. has raised £2 million supported by the Future Fund scheme, a COVID support program designed to help struggling early stage UK firms. According to the company, Billon secured investment commitments from angel investors and VCs of £1 million matched by the UK… Read More

August 21, 2020 @ 4:18 pm By JD Alois  |  

Vertalo, a SaaS company founded to fill the gaps between primary and secondary trading of digital securities, has announced the launch of the “no-cost” Vertalo Distribution Network (VDN) to help digital asset companies. Vertalo, a digital transfer agent describes VDN as a “learning experience and… Read More

August 21, 2020 @ 3:33 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has scheduled an open meeting of the Commission to address several regulatory issues including an update to the current definition of an Accredited Investor. Regarding the Accredited Investor definition the SEC states it will consider: “whether to adopt amendments… Read More

August 21, 2020 @ 10:40 am By JD Alois  |  

The Hong Kong Institute for Monetary and Financial Research (HKIMR), the research segment of the Hong Kong Academy of Finance (AoF), has published a on AI and banking. Entitled “Artificial Intelligence in Banking: The Changing Landscape in Compliance and Supervision” the report seeks to provide… Read More