November 5, 2024 @ 2:10 pm By JD Alois  |  

Cross River Bank, a New Jersey State chartered FDIC-insured bank says that its Commercial Banking Group (CBG) has closed more than $1 billion in financing over the past 12 months. Cross River reports that funding has been spread across 65 loans nationwide, the deals ranged… Read More

November 5, 2024 @ 11:00 am By JD Alois  |  

Paul Grewal, Chief Legal Officer at Coinbase (NASDAQ:COIN), has taken to X to air his grievance with the ongoing US Federal Government attempting to impede the development of digital asset firms. Commenting on their FOIA [Freedom of Information Act] request, Grewal says that the FDIC… Read More

November 5, 2024 @ 7:46 am By JD Alois  |  

In the past week, Bitcoin (BTC) has swung between ~$73,000 and $64,000 displaying significant volatility in the run up to today’s Presidential election. Conventional wisdom is that crypto markets will boom if former President Donald Trump is elected. Things are so clear if Vice President… Read More

November 5, 2024 @ 7:34 am By JD Alois  |  

The Capital Gains Tax (CGT) is moving higher in the UK, and firms and individuals are adjusting their behaviour. One way to mitigate CGT is to invest in companies that qualify under the EIS/SEIS/VCT programs, as there are potentially no capital gains taxes paid at… Read More

November 4, 2024 @ 4:22 pm By JD Alois  |  

The election tomorrow for the US President will be close. That is viewed as a given. As many people on both sides of the fence view the election as “the most important election in our lifetime” the electorate will be watching the outcome closely. So… Read More

November 4, 2024 @ 10:06 am By JD Alois  |  

Open banking enabler Salt Edge has announced a partnership with the Central Bank of Bahrain (CBB) to boost its tech stack in regard to its Open Banking Framework and requirement for banks to have APIs for corporate accounts. Bahrain is said to be the first… Read More

November 4, 2024 @ 9:43 am By JD Alois  |  

Last week, the Labour government outlined its budget for the forthcoming year. The Autumn Budget, delivered by Chancellor of the Exchequer Rachel Reeves, sought to address a “black hole” of insufficient funds to fund the government’s programs. One path to generate more funds was an… Read More

November 3, 2024 @ 6:37 pm By JD Alois  |  

The Securities and Exchange Commission’s (SEC), Small Business Capital Formation Advisory Committee (SBCFAC) has added new members to the committee. According to a statement issued by the SEC, four new members have joined the independent Committee that aims to advise the Commission on policies that… Read More

November 1, 2024 @ 4:14 pm By JD Alois  |  

Earlier this year, CI reported on a consultation in the UK on Public Offer platforms [POP]. This is part of an initiative to improve the capital-raising environment for firms in the UK. Currently, in the UK, issuers typically are capped at pursuing online securities offering… Read More

October 31, 2024 @ 11:47 am By JD Alois  |  

Yesterday, the UK government revealed its new budget and the changes being made to cover a deficit while attempting to fuel economic growth. While the punditry will be digesting the statement from the Chancellor of the Exchequer, Rachel Reeves, for days, CI has received a… Read More

October 31, 2024 @ 10:54 am By JD Alois  |  

Tether, a dollar-based stablecoin (USDT), has a market capitalization of over $120 billion. It is one of the most popular “cryptocurrencies” in the world, only topped by Bitcoin and Ether in total value. The stablecoin was launched ten years ago this October and has become… Read More

October 31, 2024 @ 10:25 am By JD Alois  |  

Securitize, a digital securities enabler, says it has topped $1 billion in tokenized assets. The company also reports over 500,000 accounts. In a company statement, Securities said that tokenized real-world assets on-chain have “surged” with expectations of growth to continue as their Securitize Fund Services… Read More

October 30, 2024 @ 4:51 pm By JD Alois  |  

Fagura, an online investment platform, has raised €250,000 from U.Ventures, according to a company statement. Fagura originated in Moldova but is regulated and active in Romania. U.Ventures is a US-based VC active in the region. The VC typically invests from $100,000 to $2 million. Fagura is… Read More

October 30, 2024 @ 3:30 pm By JD Alois  |  

As the US Federal Reserve reverses course and starts a cycle of rate cuts, investors are rethinking their holdings as they look for alternatives to holdings that recently generated a decent risk-adjusted return. Catering to that mentality, Fundrise, a real estate investment platform, has listed… Read More

October 30, 2024 @ 3:13 pm By JD Alois  |  

In the Autumn Statement delivered by Chancellor of the Exchequer Rachel Reeves today, the UK government delivered on an expectation for an increase in taxes. The Chancellor is the first female to deliver a budget in the UK’s history. In total, the government anticipates about… Read More

October 30, 2024 @ 9:46 am By JD Alois  |  

American Fintech Council (AFC) has submitted a comment letter in response to the joint Request for Information on Bank-Fintech Arrangements. The interagency RFI includes the FDIC, OCC and Federal Reserve. The letter states that it is important for these agencies to understand that not all… Read More

October 30, 2024 @ 8:49 am By JD Alois  |  

 iCapital has acquired AltExchange, according to a company statement. Terms of the acquisition were not disclosed. AltExchange was created to cater to the private securities market as the sector boomed post 2008. AltExchange caters to wealth managers, family offices etc., aiming to provide a robust… Read More

October 30, 2024 @ 8:24 am By JD Alois  |  

VanEck says it will be working with Kiln to power institutional staking with Solana. Solana is a Proof of Stake blockchain, and its native cryptocurrency is SOL. VanEck is a financial services firm that mainly provides exchange-traded products. Kiln is a digital asset rewards management… Read More

October 29, 2024 @ 12:21 pm By JD Alois  |  

Investment crowdfunding under Reg CF (Regulation Crowdfunding) supports opportunities for smaller firms. Issuers raising money using Reg CF may raise up to $5 million while selling securities to both accredited and non-accredited investors. Firms must utilize the services of a FINRA-regulated Funding Portal or Broker… Read More

October 29, 2024 @ 11:49 am By JD Alois  |  

An increase in capital gains taxes (CGT) is anticipated to be announced at this week’s Autumn Statement. This will impact investments in firms and may undermine support of early-stage ventures. This much is clear. Today, we have two more executives adding their voices to the… Read More