Opinion

October 25, 2024 @ 12:14 pm By JD Alois  |  

It is obvious to many that one of the most practical features of blockchain is the tokenization of assets and the intrinsic reduction in cost to manage these assets. Digital securities are the future. We just aren’t quite there yet. One firm is reportedly putting… Read More

October 25, 2024 @ 11:26 am By JD Alois  |  

CI has received multiple comments on next week’s Autumn Budget presentation, which will outline Labour’s plan for the UK economy. We have received multiple comments pertaining to expectations that certain taxes are poised to increase. Higher taxes like the CGT will directly undermine the innovation… Read More

October 25, 2024 @ 10:27 am By JD Alois  |  

LendingClub (NYSE:LC), one of a handful of pure-play digital banks, saw its shares hit a new 52-week high yesterday before retreating towards the end of the day following its Q3 earnings announcement. Shares are trading higher again in early morning trading. LendingClub has undergone a… Read More

October 24, 2024 @ 11:19 am By JD Alois  |  

The annual Autumn Statement, where the UK government reveals its economic plan, is just around the corner. On October 30th, the Chancellor of the Exchequer, Rachel Reeves, will share the Labour government’s plans to reduce deficits while hopefully driving economic growth. As reported by the… Read More

October 24, 2024 @ 9:21 am By JD Alois  |  

There has been much discussion of the Open Banking rules announced by the US Consumer Financial Protection Bureau (CFPB). While many support the new regulations, which aim to empower consumers to control their financial services data—allowing when and by whom to use the information—some are concerned about having a… Read More

October 23, 2024 @ 11:08 am By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has penalized both Apple (NASDAQ:AAPL) and Goldman Sachs (NYSE:GS) for apparent transgressions in regard to the popular Apple Card. Apple announced its bespoke credit in partnership with Goldman in 2019. The digital/physical offering grew quickly due to its consumer-friendly… Read More

October 22, 2024 @ 4:07 pm By JD Alois  |  

  The Consumer Financial Protection Bureau (CFPB) released final Open Banking rules today. The new rules impact banks, brokerages and more, and go into effect over the next few years. Open Banking or Open Finance addresses the topic of data generated or provided by consumers… Read More

October 22, 2024 @ 3:11 pm By Omar Faridi  |  

tZERO pointed out that the SEC recently referred to Solana and Polygon as securities. tZERO recently noted that it happens to be one of the only two licensees for a regulated special purpose broker-dealer digital asset security custodian and specializes in compliant digital securities. The… Read More

October 21, 2024 @ 9:14 am By Tony Zerucha  |  

Unity Wallet (formerly Savl) COO James Toledano believes DeFi has the potential to break Visa’s and Mastercard’s dominance of European payment rails, while also allowing Europe to at least partially free itself from depending on American payment rails. Savi is a self-custodial crypto and Web3 wallet… Read More

October 18, 2024 @ 11:54 am By JD Alois  |  

Crypto money is pouring into the state of Ohio to defeat Democrat Senator Sherrod Brown. Seen as a winnable seat by Republicans, Senator Brown is currently the Chairman of the Senate Banking Committee and widely known as someone who is anti-crypto and against Fintech in… Read More

October 17, 2024 @ 2:02 pm By Omar Faridi  |  

Paul Grewal, the Chief Legal Officer at US-based cryptocurrency exchange Coinbase (NASDAQ:COIN),  has pointed out that at first, the US Securities and Exchange Commission (SEC) had reportedly stated that it could potentially avoid Freedom of Information Act (FOIA) since documents they’re owed are considered to be… Read More

October 16, 2024 @ 11:07 am By JD Alois  |  

At the end of this month (October 30), the Labour government will reveal its economic plan during the Autumn Budget presented to Parliament. The Chancellor of the Exchequer, Rachel Reeves, who has been in charge since this past July, will share how Labour will address… Read More

October 15, 2024 @ 6:16 pm By Tony Zerucha  |  

Several factors will impact Bitcoin prices, YouHodler markets chief Ruslan Lienkha believes. Lienkha said Bitcoin prices remain in a consolidation and corrective phase following the strong growth seen earlier this year. The weekly chart remains optimistic, showing a bullish flag pattern, often indicating an upward… Read More

October 15, 2024 @ 6:03 pm By JD Alois  |  

The Small Business and Entrepreneurship Council (SBE Council) recently shared an update on smaller firms and their concerns regarding policies that impact these businesses. The SBE Council reports that smaller firms are worried about the looming expiration of the Tax Cuts and Jobs Act (TCJA)… Read More

October 15, 2024 @ 11:40 am By Omar Faridi  |  

Cedric Iggiotti, VP Product, Screening at ThetaRay noted recently that in an era where financial institutions face growing pressure from regulators, Starling Bank’s enforcement action by the UK’s Financial Conduct Authority (FCA) serves as an important reminder: a robust compliance framework isn’t just a regulatory… Read More

October 15, 2024 @ 10:18 am By JD Alois  |  

Late last month, Senator Tim Scott, the ranking Member of the Senate Banking Committee, introduced new legislation that aims to support smaller businesses and entrepreneurs while providing smaller investors with access to more opportunities. The Empowering Main Street in America Act of 2024 seeks to improve access… Read More

October 14, 2024 @ 12:40 pm By Omar Faridi  |  

Less than a month before the presidential elections in the United States take place, next Tuesday, November 5, both candidates (former US President Donald Trump and Kamala Harris) have made statements about the crypto industry and the future of Bitcoin. According to an update from… Read More

October 14, 2024 @ 9:13 am By JD Alois  |  

Stating that the UK International Investment Summit is looking like a “publicity stunt, “Douglas Grant, Group CEO of Manx Financial Group, said they welcome the gathering but it raises some concerns. The event is arriving several weeks before the Labour government’s budget reveal which are… Read More

October 13, 2024 @ 7:13 pm By Omar Faridi  |  

Worldcoin recently shared a key project update in San Francisco. As explained in a blog post, the Worldcoin initiative has reportedly been created (in 2019) in order to accelerate “humanity” in the age of AI. According to its developers, the project has now grown and… Read More

October 11, 2024 @ 10:27 am By Omar Faridi  |  

Kate Hampton, Chief Strategy Officer at NMI, recently shared her views and insights with Crowdfund Insider. As noted in the update shared with CI, embedded payments are revolutionizing the financial landscape, with major companies like Google Chrome leading the way. By integrating embedded payment technology,… Read More