Featured Headlines

February 17, 2023 @ 9:37 am By JD Alois  |  

The Federal Reserve Bank of New York’s Center for Microeconomic Data has published its quarterly report on consumer credit and debit, delivering disconcerting news. According to the Fed report, credit card balances increased $61 billion in the fourth quarter to $986 billion, topping the pre-pandemic… Read More

February 16, 2023 @ 2:08 pm By JD Alois  |  

Wefunder, the top US platform for firms raising capital using Reg CF, has kicked off its European expansion with 12 securities offerings. As was reported last month, Wefunder was approved Wefunder was approved in the Netherlands to issue Securites under the new EU rules. ECSPRECSPR or European… Read More

February 16, 2023 @ 8:39 am By Omar Faridi  |  

Obligate, formerly known as FQX, is a Switzerland-based company that provides a blockchain-based bond platform. The Obligate platform is designed to streamline the debt issuance process and make it more accessible to businesses of all sizes. The platform provides a secure and transparent way of… Read More

February 15, 2023 @ 11:29 am By JD Alois  |  

The OurCrowd Global Investor Summit opened with Israeli President Isaac Herzog addressing the crowd at an event that claimed around 9000 registrations – the largest ever for OurCrowd. Attendees included over 1700 individual investors, 1000+ multi-national corporations, 630+ venture capitalists, and hundreds of members of… Read More

February 14, 2023 @ 8:30 am By JD Alois  |  

tZERO, perhaps best known for pursuing a digital asset marketplace for regulated securities as well as certain cryptocurrencies, is going all in on digital securities. First, as was recently reported, tZERO is no longer pursuing crypto trading. This is probably a savvy move in the… Read More

February 13, 2023 @ 10:21 am By JD Alois  |  

The SEC’s takedown of Kraken’s staking service continues to generate after-shocks as the digital asset industry ponders its ability to provide services to US customers. Kraken paid a $30 million penalty to make the issue go away without admitting or denying any guilt regarding the… Read More

February 12, 2023 @ 6:17 pm By Omar Faridi  |  

Crowdfund Insider recently connected with Mike Taormina, Alluvial’s Co-Founder Chief Operating Officer. As COO of Alluvial, he works with industry professionals to build Liquid Collective, an enterprise-grade liquid staking standard. Alluvial is the software development company supporting the implementation of the Liquid Collective protocol. Alluvial… Read More

February 10, 2023 @ 12:46 pm By JD Alois  |  

Republic, a US-based online capital formation platform, now operating in Europe, has launched the website for Republic Asia. Last year, Republic closed on its acquisition of Seedrs – a large UK-based platform that has also been operating on the European continent. In March of 2022,… Read More

February 9, 2023 @ 4:06 pm By JD Alois  |  

Following industry rumblings anticipating the move, the Securities and Exchange Commission (SEC) has taken action against crypto exchange Kraken in regard to their staking service. Kraken has settled the charges by the SEC without admitting or denying the allegations and paying a $30 million penalty…. Read More

February 9, 2023 @ 3:45 pm By Therese Torris  |  

This year’s issue of the Barometer of Crowdfunding in France, published by Mazars and the French Crowdfunding Association (Financement Participatif France, FPF) shows that crowdfunding reached a new high in 2022. More than €2.3 billion was collected, a 25% increase versus year prior. Real estate… Read More

February 8, 2023 @ 3:25 pm By JD Alois  |  

This morning, the Subcommittee on Capital Markets, part of the House Financial Services Committee, held a hearing on the definition of an accredited investor. This definition is utilized to determine who may participate in certain private securities offerings, mostly Reg D 506c/b. Broadly, the definition… Read More

February 7, 2023 @ 12:34 pm By JD Alois  |  

HM Treasury and the Bank of England have announced a new consultation on the possibility of a digital pound. According to a joint statement, The consultation is being launched as the UK government wants to ensure the public has access to “safe money” while supporting… Read More

February 6, 2023 @ 10:00 pm By JD Alois  |  

Doug Ellenoff, the managing partner of Ellenoff, Grossman, and Schole (EGS) – a Manhattan-based law firm, has been a supporter of innovation in financial services for many years now. A staunch proponent of the JOBS Act of 2012 before it became law, Ellenoff is a… Read More

February 6, 2023 @ 8:47 am By JD Alois  |  

CI recently published an update on Reg CF [Regulation Crowdfunding], an exemption that allows a business to raise up to $5 million in an online securities offering. Investors may be non-accredited or accredited. While the legislation creating Reg CF was signed into law in 2012,… Read More

February 5, 2023 @ 9:45 pm By Omar Faridi  |  

We recently caught up with Dr. Torsten Stüber, Co-Founder and CTO at Berlin-based Pendulum, an initiative focused on traditional finance infrastructure blockchain solutions, which is “the missing link between fiat and DeFi.” Pendulum is an open-source blockchain built on the “proven” Parity Substrate framework, establishing… Read More

February 3, 2023 @ 10:39 am By JD Alois  |  

Both private and public markets slowed dramatically during 2022. While the year started off relatively positive, the realities of persistent (and not transitory) inflation hit everyone hard. This, combined with geopolitical challenges such as Russia’s unprovoked war with Ukraine and China’s chest pounding, pushed investors… Read More

February 1, 2023 @ 9:59 pm By JD Alois  |  

The House Financial Services Committee has announced its first round of hearings under the leadership of Chairman Patrick McHenry. First on the list is a full Committee hearing on the economic threat of China. Other hearings include the Subcommittee on Capital Markets scheduling a session on… Read More

February 1, 2023 @ 6:24 pm By JD Alois  |  

The Chair of the House Financial Services Committee, Patrick McHenry, issued a statement today as he led its Organizational Meeting for the 118th Congress. McHenry said that under his leadership, the Committee is ready to boost innovation as well as pursue policy that fosters economic… Read More

February 1, 2023 @ 9:16 am By JD Alois  |  

The UK government has announced its intent to “robustly regulate crypto-asset activities.” In recent years, the UK has expressed its intent to become a crypto hub – supporting innovation while crafting a regime that provides sufficient consumer protections and transparency. The goal is to deliver… Read More

January 31, 2023 @ 6:03 pm By JD Alois  |  

“The business model Celsius advertised and sold to its customers was not the business that Celsius actually operated.” – Court Document, Filed January 31, 2023 Celsius, one of the first big crypto firms to fail and file for bankruptcy protection, continues to meander its way… Read More