Featured Headlines

July 1, 2022 @ 3:36 pm By JD Alois  |  

FTX, the trading platform founded by CEO Sam Bankman-Fried, has agreed to purchase BlockFi for up to $240 million, along with providing a $400 million credit facility. FTX had previously provided BlockFi access to a $250 million credit line when things started to go sideways…. Read More

June 30, 2022 @ 7:12 pm By JD Alois  |  

The European Union has agreed on crypto-asset regulation under the Markets in Crypto Assets (MiCA) legislation. According to tweets distributed by Member of European Parliament (MEP) Stefan Berger, Europe will be the first continent with crypto asset regulation as the European Parliament, European Commission and… Read More

June 30, 2022 @ 9:26 am By JD Alois  |  

Grayscale’s most recent attempt of migrating Bitcoin-based GBTC, traded on OTC Markets, to an exchange-traded fund (ETF), has been denied. In an Order posted by the SEC yesterday, the Commission disapproved a proposed rule change that would have allows the spot Bitcoin ETF to trade… Read More

June 29, 2022 @ 11:35 am By JD Alois  |  

Volt, a high-profile digital bank operating in Australia, has taken the extraordinary measure of announcing it will close its business, and return its banking license to regulators. In a post on the digital bank’s website Volt announced: “Volt has made the difficult decision to close… Read More

June 28, 2022 @ 10:26 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF), part of the University of Cambridge in the UK, along with the World Economic Forum and the World Bank, have published the Global COVID-19 Fintech Impact and Industry Resilience Study. CCAF has long been the leading research institute reviewing… Read More

June 27, 2022 @ 8:47 am By JD Alois  |  

Securitize, a security token issuance platform and digital security trading market, has announced its expansion into Europe. Securitize has been approved by the Spanish General Secretariat of the Treasury and International Finance to enter its experimental program or Fintech sandbox where Securitize will serve a… Read More

June 23, 2022 @ 9:38 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has proposed ESG rules that may compel public firms to disclose climate risks that may impact the environment. The rule proposal was accepting comments from interested parties up until this past week with a deadline of June 17th. While everyone… Read More

June 22, 2022 @ 3:31 pm By JD Alois  |  

Boxabl is currently raising capital on two different investment crowdfunding platforms: StartEngine and Republic. As was previously reported, Boxabl is aiming to raise up to $1.07 billion in a Reg D – Reg A+ funding round. The funding is divvied up with a $500 million Reg… Read More

June 21, 2022 @ 11:56 pm By JD Alois  |  

FTX, a leading global crypto exchange, has provided BlockFi with a $250 million revolving credit line to backstop the firm during a broad decline in crypto markets. In a series of tweets, BlockFi founder and CEO Zac Prince revealed the funding that will stabilize the… Read More

June 21, 2022 @ 11:34 am By JD Alois  |  

Compass (NYSE: COMP), a digital real estate listing platform, and Redfin (NASDAQ: RDFN) a similar platform have both slashed employee headcount as the economy teeters on the brink of recession. Redfin is cutting employees by 8% while Compass is reducing jobs by 10%. The two… Read More

June 20, 2022 @ 7:29 pm By JD Alois  |  

In November of 2021, the European Union announced pan-European securities crowdfunding rules. While there are still certain details being worked out, effectively an issuer may now list a security on an online investment platform and raise capital across all EU member states. European Crowdfunding Service… Read More

June 17, 2022 @ 2:38 pm By JD Alois  |  

House Republicans have sent a letter to the Chairman of the SEC Gary Gensler telling him to halt his pursuit of proposed climate disclosure rules as over-stepping the statutory responsibilities of the Commission. In the letter, signed by 129 Republicans led by the top Republican… Read More

June 16, 2022 @ 10:59 am By JD Alois  |  

Earlier this month, US Senators Kirsten Gillibrand and Cynthia Lummis revealed their long-anticipated legislation aiming to provide a clearcut regulatory regime for the digital asset industry. The language of the bill represents a comprehensive approach for crypto including digital securities, stablecoins, and more while selecting… Read More

June 15, 2022 @ 11:19 pm By JD Alois  |  

PayPal (NASDAQ:PYPL) announced today a new buy now – pay later (BNPL) offering “PayPal Monthly.” The expanded credit offering arrives just after Apple (NASDAQ:AAPL) announced Apple Pay Later, a BNPL that allows users to easily pay for a purchase with 4 payments during a 6… Read More

June 15, 2022 @ 6:40 pm By JD Alois  |  

Investment crowdfunding is not just for smaller funding rounds and Boxabl is an excellent example of that. Boxabl is aiming to raise a whopping $1.07 billion at a valuation of $3 billion and it is leveraging two securities crowdfunding platforms to help with part of… Read More

June 15, 2022 @ 2:04 pm By JD Alois  |  

Multiple Fintechs have recently announced layoffs due to the faltering economy and rising interest rates. Most people are predicting a recession – one that could be long and hard. Due to the current economic malaise and forward expectations, companies like Coinbase, BlockFi, and others have… Read More

June 14, 2022 @ 8:33 am By JD Alois  |  

Coinbase (NASDAQ:COIN), the largest crypto exchange in the US and the first to float shares on an exchange, has announced it will reduce employee headcount by 18%. This announcement follows previous statements of a hiring freeze. Currently, Coinbase has around 4900 employees indicating that over… Read More

June 13, 2022 @ 8:11 am By JD Alois  |  

There is a rush for the exits in the crypto markets it seems. Yesterday, Celsius – a “new economy” digital asset platform that provides services similar to banks but with crypto, announced it was halting all withdrawals, transfers, and swaps due to the collapsing market…. Read More

June 10, 2022 @ 2:48 pm By JD Alois  |  

LendingClub Bank: Well Positioned for the Future. Recently, Fintech Nexus (formerly known as LendIt Fintech) held its annual event in New York City. Hundreds of Fintechs showed up for the in-person event that spanned the spectrum of innovative financial services. From blockchain to online capital… Read More

June 9, 2022 @ 10:16 am By JD Alois  |  

Apple Pay Later, Apple’s (NASDAQ:AAPL) entry into the buy now – pay later sector (BNPL), will be managed directly by an Apple subsidiary according to multiple reports. The news of the BNPL product was revealed during the WWDC keynote address earlier this week representing a… Read More