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SEC Charges Digital Asset Issuer LBRY with Sale of Unregistered Securities, LBRY Creates Site Claiming the SEC Does Not Understand Crypto

The Securities and Exchange Commission (SEC) has charged LBRY with conducting an offering of digital assets deemed to be unregistered securities. LBRY is a blockchain-based company that working on a digital marketplace, with its native currency LBC, for content such as images, video, audio and… Read More

CEO Christin Friedrich CEO Discusses Pivot at Innovestment, Pan-European Crowdfunding Changes & Challenges in Germany

Christin Friedrich is CEO and majority shareholder of Innovestment, an alternative financing platform founded in 2012 that is focused on the long-term sustainable impact for SMEs based in Germany. She is also chairwoman of the board of the European Crowdfunding Network (ECN), the association that… Read More

China: WeiyangX Fintech Review

Insurtech platform Shuidi closed its mutual insurance service On March 26th, Insurtech platform Shuidi announced that it would close its mutual insurance service at 18:00 on March 31st, 2021. Prior to this, members who were unfortunately diagnosed with a serious illness could continue to apply… Read More

Engage People CTO Len Covello Provides Key Insights on how Loyalty Points are “Often-Overlooked” Alternative Payment Option

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We recently caught up with Len Covello, CTO at Engage People, a global loyalty tech company. Covello explained how loyalty points are an often-overlooked alternative payment option. Covello talked about how the demand for having the flexibility to pay with points as easy as credit… Read More

In 2020 Fintechs Raised $44.4 Billion Venture Funding, A Record Amount Excluding Ant Group’s Big Raise in 2018: Research

In the midst of a global health crisis, Fintech appears to be one of the big winners, according to a recent research report. As outlined by Pitchbook, Fintechs raised $44.4 billion in venture funding across 2,581 deals during 2020. This is a year-over-year increase of … Read More

Terminated: Merger Between Seedrs and Crowdcube is Cancelled; Seedrs Announces New Funding

Yesterday it was reported that the UK Competition and Markets Authority (CMA) had provisionally decided to not allow the merger between Seedrs and Crowdcube. The two securities crowdfunding platforms combined were seen as dominating online capital formation for early-stage ventures to the point it would… Read More

M&A Attorney Lawrence C. Lee at Baker McKenzie: “We will likely experience continuing consolidation in the Fintech sector”

Lawrence C. Lee is a top merger and acquisitions attorney operating in the Fintech sector. A partner at Baker McKenzie and based in Palo Alto, Lee was previously in-house counsel for Coinbase where he led strategic transactions and investments. More recently, Lee and his team… Read More

Cryptoassets: Hey Teachers, Don’t Leave Us Kids Alone

CryptoUK issued a clarion call to the Financial Conduct Authority (FCA), the UK financial and anti-money laundering (AML) regulator, demanding that FCA grant licenses as prescribed by AML rules.  Too many applications have gone unanswered since those rules came into effect over one year ago. … Read More

What Did We Learn from the House Financial Services Committee Hearing on GameStop/Reddit/Robinhood?

This past week, the House Committee on Financial Services held part two of three anticipated hearings on the GameStop/Reddit/Robinhood saga. As most people are aware, in recent months a short-squeeze caused shares in GameStop (NYSE:GME) to jump dramatically higher compelling short sellers to purchase shares… Read More

China: WeiyangX Fintech Review

China Imposes Further Restrictions on Online Consumer Loans for College Students Over the past few years, some internet finance platforms have targeted college campuses and made inductive marketing through cooperation with technology companies. Such practices led some students into excessive consumption and even debt traps…. Read More

EU Draft Documents Surface Addressing Distributed Ledger Technology, Crypto-Assets

  Two draft documents by the European Parliament, Committee on Economic and Monetary Affairs, addressing distributed ledger technology (DLT or blockchain) as well as crypto-assets have emerged. The first is a draft document on the proposal for a regulation of the European Parliament and of… Read More

Republic CEO Kendrick Nguyen Posts Letter Commenting on $36 Million Series A, Platform Raises More in One Day than All of 2018

Earlier today Republic announced a material $36 million Series A funding round led by Galaxy Interactive. The additional capital arrives at a key time as two crowdfunding exemptions have had their funding caps boosted to higher amounts – thus making crowdfunding platforms more viable going… Read More

Republic Receives $36 Million Series A Funding Led by Galaxy Interactive

Republic, a top funding portal and broker-dealer providing online capital formation to early-stage ventures, has closed on a $36 million Series A funding round, according to a note from the company. The funding was led by Galaxy Interactive with participation by Tribe Capital, Motley Fool… Read More

Are NFTs the New ICO? Could NFTs be Deemed Securities? A Top Digital Asset Attorney Explains

It is hard not to know something about the booming Non-Fungible Token or NFT market. Following Beeple’s sale of a digital work of art “Everydays—The First 5000 Days,” auctioned by Christie’s for a whopping $69 million, NFTs officially became a “thing” with non-stop coverage on… Read More

Social Investment Network eToro to Go Public in SPAC Deal Via FinTech Acquisition Corp. V, Valuation Pegged at $10.4 Billion

  eToro, a digital investment platform, has announced it will become a publicly-traded company in a SPAC deal via FinTech Acquisition Corp. V (NASDAQ: FTCV). The deal includes a $650 million common share private placement from investors including ION Investment Group, Softbank Vision Fund 2,… Read More

The Under-Appreciated Significance of Coinbase Going Public

Once the Coinbase registration statement becomes effective and Coinbase shares trade publicly, a sea change will have occurred in the US without most people recognizing it.  Part of that unacknowledged difference will be the broader awareness of blockchain and cryptoasset trading it brings. It is… Read More

As Fintech Industry Matures, the Need for Policy Advocacy Grows: OLPI and MPL Merge to Form American Fintech Council

Financial technology or Fintech has been growing at a rapid pace for years now. Starting with online capital formation, today a growing number of sophisticated financial services are going through a much-needed. digital transformation. This can mean better/cheaper access to services for more consumers and… Read More

China: WeiyangX Fintech Review

E-signature Service Provider Fadada Completes 900-million -yuan D round financing led by Tencent  On March 11th, Chinese leading e-signature service provider Fadada declared the completion of a 900-million-yuan D round of financing. The investment was led by Tencent, followed by ZWC Partners and Centurium Capital…. Read More

Wow. Beeple NFT Sells for $69 Million on Christie’s

Beeple’s the First 5000 Days has sold for $69,346,250 on Christie’s today. The NFT (non-fungible token) represents a record for digital art and as one Tweet reports one of the most expensive art auctions of all time. According to the Lot Essay, in May 2007,… Read More

New Reg CF Funding Portals Emerge as Funding Cap is Poised to Jump from $1.07 Million to $5 Million

The number of FINRA regulated funding portals continues to move higher in advance of the increase in the funding cap of Regulation Crowdfunding (Reg CF). On March 15, 2020, it is expected that issuers will be able to raise $5 million using Reg CF –… Read More

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