Opinion

Editorial opinions and perspective on Fintech.

Regulation by Intimidation? Coinbase Decides to Axe its Lending Feature Following SEC Threat to Sue

On September 7, 2021, Coinbase (NASDAQ:COIN) published a blog post stating the Securities and Exchange Commission (SEC) had informed the company it would sue over its forthcoming Coinbase Lend service. Now, Coinbase has submitted to the significant threat of a lawsuit and abandoned its Lend… Read More

SEC Chairman Gensler Grilled by Republicans on Senate Banking Committee, Ranking Member Toomey Supports Regulatory Clarity for Crypto

SEC Chairman Gary Gensler marched up to Capitol Hill yesterday to testify in front of the Senate Banking Committee in a hearing entitled “Oversight of the U.S. Securities and Exchange Commission”.  Gensler outlined his ambitions at the SEC in his prepared remarks. While Gensler received… Read More

Lisa Sun: CEO at Mogul Productions, a Decentralized Platform “Democratizing” Film Industry, Says Transparent Script-to-Screen Process is Vital

Mogul Productions claims to be a “decentralized” platform working towards “democratizing” the film financing industry. In what they consider to be a new concept, Mogul aims to bring decentralized finance (DeFi) and non-fungible tokens or NFTs as the “focal point” for the traditional movie industry…. Read More

SEC Chairman Gary Gensler to Testify Before Senate Banking Committee, Expect a Lot of Discussion on Fintech, Digital Assets

Next week, Securities and Exchange Commission (SEC) Chairman Gary Gensler will testify before the US Senate Banking Committee. The routine hearing is about the “Oversight of the U.S. Securities Exchange Commission,” but you may anticipate a good amount of testimony on issues surround Fintech and,… Read More

How to Revolutionize the Private Capital Markets

In 2010, venture capital investors poured $21.8 billion into startups. Fast forward a decade to 2020 when well over 500 “supergiant” funding rounds of $100 million+ were raised, totaling $142 billion. In early 2021, even as global economies fought to shake off the effects of… Read More

SEC Investor Advisory Committee Agenda Includes Behavioral Design of Online Trading Platforms, Robinhood is Not Invited

The Securities and Exchange Commission (SEC) Investor Advisory Committee is scheduled to hold a meeting tomorrow (September 9th). The topics of discussion include two panels: “Reimagining Investor Protection in a Digital World: the Behavioral Design of Online Trading Platforms;” A discussion regarding competition and regulatory… Read More

Coinbase Target of Wells Notice Sent by SEC Regarding Crypto Lending, May Be Sued

Coinbase (NASDAQ:COIN), the largest digital asset trading platform in the US, has received a Wells Notice from the US Securities and Exchange Commission. A Wells Notice is a legal document that indicates the SEC is investigating the company indicating it may pursue an enforcement action… Read More

Perspective: Crypto Should Divorce From the Progressive Movement

Progressives should love cryptocurrency, the latest innovation that brings power to the people. Turns out, they don’t. Perhaps surprisingly, it is precisely because crypto circumvents the corporate, permissioned, speech-controlled online world that angers progressives. Crypto threatens to nix not just the corporation but also the… Read More

TokenSociety, which Mints NFTs for Entertainment Industry, Completes NFT Drop for “Men of the House” TV Series

TokenSociety.io, a platform for minting non-fungible tokens (NFTs) for the entertainment industry, reveals that they’ve completed their first NFT Drop for the pilot episode of “Men of the House,” a situation comedy TV series “written and directed by Levelle G. Benson starring Kareem Grimes, Erica… Read More

UK Crowdfunding Association Comments on FCA Dear CEO Letter Sent to Platforms

Two weeks ago, the UK Financial Conduct Authority posted a “Dear CEO” letter directed at investment crowdfunding platforms. The letter, signed by Debbie Gupta, Director of Consumer Investments Supervision, cautioned platforms on both the risk of investments being offered to investors as well as the… Read More

Ripple Asks SEC to Share Digital Asset Transactions of Employees. Will the Legal Strategy Work?

The ongoing legal battle between the Securities and Exchange Commission (SEC) and Ripple and its founders continues to work its way through the halls of justice.  While the SEC continues to pursue its belief that XRP (the digital currency created by Ripple) has always been… Read More

Venture Capital and the Art of the Deal: More of the Same

Imagine a Baskin Robbins where you can get any flavor you want, as long as it is vanilla. Based on recent data provided by the National Venture Capital Association in partnership with Aumni, the market for venture capital deal terms seem to be that kind… Read More

James Wo: CEO at Digital Financial Group Discusses Future Impact of CeFi, DeFi, NFTs, Polkadot

We recently connected with James Wo, the Founder and CEO at Digital Financial Group, an investment company empowering Web 3.0 applications and blockchain or DLT -enabled platforms. Wo discussed the different products and services that his company supports. He also discussed the long-term impact that… Read More

Binance Not Capable of Being Supervised by the UK FCA: Two Attorneys Comment

Earlier today, the UK Financial Conduct Authority posted the “First Supervisory Notice” related to a statement by the FCA in June that Binance Markets Limited is not permitted to undertake any regulated activity in the UK. Binance Markets is part of the Binance Group. Binance… Read More

Biden Administration Plans to Increase Taxes on 2.1 Million Small Businesses

The Small Business and Entrepreneurship Council (SBE Council) is warning that the Biden Administrations’ tax plan would raise taxes on 2.1 million small businesses – in contrast to the Administrations’ claims. Last week, the White House issued a Fact Sheet on the plan claiming the… Read More

Circle: USDC Stablecoin is Just Another Set of Payments Rails but Better

Circle is a Fintech that is best known for its dollar-based stablecoin, USDC, that has grown rapidly in recent months. Today, USDC is the second most popular stablecoin following Tether, with a market cap of over $27 billion. While about half the size of Tether… Read More

Poly Network Hackers Could Have Many Motives

While Poly Network may have escaped some of the worst of the damage from its recent security breach, there are questions it still must answer, AnChain.AI founder and CEO Dr. Victor Fang said recently. Fang said it appears the hack was caused by the exploitation… Read More

UK Financial Conduct Authority Sends Letter to Investment Crowdfunding Platforms Pointing at Investment Risk

The UK Financial Conduct Authority has sent a “Dear CEO” letter to the management of the UK investment crowdfunding platforms. Signed by Debbie Gupta, Director of Consumer Investments Supervision, the missive cautions platforms on ensuring that investors fully understand the nature of the risk affiliated… Read More

Bitcoin Movement Encouraging: Analyst

Bitcoin’s recent movements are encouraging, GlobalBlock sales trader Marcus Sotiriou said in a recent note to investors. Sotiriou said Bitcoin has closed its first decisive week above the 20-week moving average and the 21-week EMA for the first time since it was around $57,000. It… Read More

Send this to a friend