June 21, 2019 @ 6:38 am By JD Alois  |  

Slack (NYSE:WORK) completed a direct listing on the New York Stock Exchange this week. A direct listing is not a capital raising effort, it is a move by a company to provide liquidity for existing shareholders while remaining compliant under the law. Slack kicked off… Read More

June 21, 2019 @ 1:04 am By JD Alois  |  

A report indicates that Facebook may have to skip over India when it launches Libra, its cryptocurrency based off a basket of stable assets. According to the EconomicTimes, “a person directly in the know” said Facebook has failed to ask for, and receive, regulatory approval:… Read More

June 20, 2019 @ 5:26 pm By JD Alois  |  

Republic, a crowdfunding and digital asset platform, launched one of the most interesting crypto offerings back in April. Republic announced the launch of Note digital tokens as a path to reward platform users who are engaged with their capital formation community. In just a few… Read More

June 20, 2019 @ 1:02 pm By JD Alois  |  

The Bank of England has published a report entitled, “Future of Finance: Review on the Outlook for the UK Financial System: What it means for the Bank of England.” The report is authored by Huw van Steenis. According to the document, van Steenis’ mission was… Read More

June 20, 2019 @ 11:36 am By JD Alois  |  

Expend, a company that is said to be ranked 70 in SyndicateRoom’s Top100 fastest-growing British companies, is in over-funding mode on SyndicateRoom. Expend is a Fintech that assists businesses with expense management through automation. By reducing complexity and providing a single point of expense management… Read More

June 20, 2019 @ 11:06 am By JD Alois  |  

The Senate Committee on Banking, Housing, and Urban Affairs has booked a hearing on Facebook and its recently announced cryptocurrency Libra. The hearing was largely anticipated as multiple politicians issued public statements on the day Facebook revealed their vision for the future of finance using… Read More

June 20, 2019 @ 10:24 am By JD Alois  |  

Peer to peer lender Viainvest has circulated an email indicating they have established  “one interest rate for all loan originators.” Currently, the interest rate is pegged at 11%. Viainvest, part of the Via SMS Group, is based in Riga, Latvia. The company currently offers small… Read More

June 20, 2019 @ 9:17 am By JD Alois  |  

SupraFin, described as the first automated investment management platform for cryptocurrencies / digital assets, will be crowdfunding soon. SupraFin utilizes bespoke algorithms and trading models designed to give individuals the upper hand in the volatile crypto market. According to an email from SupraFin, the company… Read More

June 20, 2019 @ 8:14 am By JD Alois  |  

UK based Smartlands has joined the European Crowdfunding Network (ECN). Smartlands is a blockchain based crowdfunding platform that tokenizes real estate investments. Earlier this month, Smartlands announced their first tokenized property investment while staking claim to being the first platform in the UK to accomplish… Read More

June 20, 2019 @ 5:00 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has published a statutory report on Regulation Crowdfunding commonly referenced as Reg CF. The mandated report must be forwarded to Congress three years after Reg CF rules became effective (May 2016). Reg CF is the smallest of three federal… Read More

June 20, 2019 @ 3:42 am By JD Alois  |  

It is inevitable that Facebook’s crypto Libra will come under intense scrutiny and a good amount of criticism. The stablecoin, which many people think is really a security token in disguise, has already taken heat from prominent US politicians. Expect public hearings in the House… Read More

June 20, 2019 @ 1:56 am By JD Alois  |  

BrewDog USA has filed a new Form 1-A indicating its intent to raise capital via Reg A+. According to the Offering Circular, BrewDog is seeking to raise up to $39 million at a price of $60 per share. BrewDog USA is majority owned by BrewDog… Read More

June 19, 2019 @ 4:34 pm By JD Alois  |  

Following today’s FOMC meeting where the US Federal Reserve announced no change in interest rates at this time, Fed Chair Jerome Powell was asked a question about crypto. In the Q&A session that typically accompanies the FOMC statement, one reporter asked Powell if he was… Read More

June 19, 2019 @ 10:50 am By JD Alois  |  

The Securities and Exchange Commission is seeking comments on the current securities exemption structure. In a release yesterday, the SEC asked the public to provide feedback on “ways to simplify, harmonize, and improve the exempt offering framework to expand investment opportunities while maintaining appropriate investor… Read More

June 19, 2019 @ 9:22 am By JD Alois  |  

The TQSR Group, Austria’s master franchisee of Burger King is raising capital via online marketplace Finnest as opposed to working with traditional banks. Finnest is a crowdfunding platform operating in the DACH region. Not too long ago, Finnest and Invesdor, a leading Nordic crowdfunding platform,… Read More

June 19, 2019 @ 8:37 am By JD Alois  |  

In an example of Fintech cooperation, EstateGuru investors may new monitor their investments on LHV internet bank. EstateGuru is a short term property loan crowdfunding platform. LHV is the largest domestic financial group in Estonia. According to EstateGuru, on the summary view of the online… Read More

June 19, 2019 @ 6:48 am By JD Alois  |  

Late last month, the New York Department of Financial Services (DFS) announced the creation of a new Cybersecurity Division. The new Division is described as a first of its kind by DFS. Acting DFS Superintendent Linda A. Lacewell appointed Justin Herring as Executive Deputy Superintendent… Read More

June 18, 2019 @ 10:47 pm By JD Alois  |  

Representative Maxine Waters, Chairwoman of the powerful House Financial Services Committee issued the following statement in the wake of Facebook’s cryptocurrency announcement today. Facebook’s “Libra” is a stablecoin created from a basket of assets but the ecosystem also has the ability to create smart contracts… Read More

June 18, 2019 @ 10:36 pm By JD Alois  |  

Australian technology company Power Ledger has developed a blockchain-enabled renewable energy trading platform. The company that previously won Sir Richard Branson’s global Extreme Tech Challenge award, has partnered with E-Next to make renewable energy peer-to-peer trading available in Austria for the first time. E-Next, with… Read More

June 18, 2019 @ 10:13 pm By JD Alois  |  

As reported earlier today, Facebook officially launched its long-anticipated stablecoin named Libra. Facebook revealed details of their own cryptocurrency stating it was based on a “collection of currencies and other assets.” Facebook also said Libra will be able to create Smart Contracts similar to Ethereum… Read More