Opinion

February 28, 2023 @ 8:45 am By JD Alois  |  

In a speech on regulations and international competition, Victoria Saporta, Executive Director of Prudential Policy, commented on PRA’s new secondary objective – enabling international competitiveness and growth. PRA, or the Prudential Regulation Authority, is part of the Bank of England and oversees 1500 banks and… Read More

February 27, 2023 @ 11:10 am By JD Alois  |  

In recent weeks, the Securities and Exchange Commission (SEC) has stepped up its enforcement activities in regard to the digital asset ecosystem. In the past, SEC Chairman Gary Gensler has asserted that all digital assets are securities, with the exception of Bitcoin. At one point,… Read More

February 26, 2023 @ 4:55 pm By Omar Faridi  |  

We recently caught up with Eric Satz, CEO of IRA platform Alto, in order to discuss why alternative assets are the new bonds when it comes to portfolio diversification. As the head of a self-directed IRA that enables individuals to diversify their portfolios using retirement… Read More

February 25, 2023 @ 10:35 am By Camyar Matini  |  

The Shanghai hard fork is projected to unfold this spring around March or April, with the anticipated upgrade affording the capability to withdraw Ethereum from staking for the first time. Ethereum staking rewards participating in network consensus, and in order to participate, one needs to… Read More

February 23, 2023 @ 4:53 pm By JD Alois  |  

The Chairman of the House Financial Services Committee, Patrick McHenry, and the Chairman of the Subcommittee on Oversight and Investigations, Bill Huizenga, along with Senator Tim Scott, the ranking member on the Senate Banking Committee, have joined in sending a letter to SEC Chairman Gary… Read More

February 23, 2023 @ 12:26 pm By Omar Faridi  |  

We recently connected with Ruben Merre, Co-founder and CEO at NGRAVE. a digital asset security provider focused on making the safest, most reliable products in the blockchain industry. Ruben Merre talked about how centralized crypto exchanges and online digital currency wallets may not be the… Read More

February 22, 2023 @ 11:44 am By JD Alois  |  

  The Securities and Exchange Commission (SEC), Investor Advisory Committee (IAC), has scheduled a meeting to take place on Thursday, March 2nd, 2023. The IAC was created under the D0dd-Frank Act and is designed to advise the Commission on initiatives aimed at representing individual investors,… Read More

February 21, 2023 @ 11:34 am By Jeff Cunningham  |  

Happy New Year!  Welcome to a fresh start, a clean slate, 365 days of possibilities. Whether you are in a new business, doing familiar business a new way or simply picking up where you left off on December 31, the start of a new year… Read More

February 16, 2023 @ 10:07 am By JD Alois  |  

This past week, the Senate Banking Committee held a hearing to discuss the topic of digital assets.  As should be abundantly clear by now, support, or lack of support, is now largely falling along party lines. Both sides desire consumer protection and understand the need… Read More

February 15, 2023 @ 4:20 am By JD Alois  |  

Earlier today the UK government announced its monthly inflation data which indicated the Consumer Prices Index (CPI) rose by 10.1% in the 12 months to January 2023, down from 10.5% in December 2022 – a slight improvement. On a monthly basis, CPI fell by 0.6% in… Read More

February 13, 2023 @ 1:47 pm By Omar Faridi  |  

As more of the crypto ecosystem adopts proof of stake over the more energy-intensive proof of work protocol, crypto users around the world are “being introduced to the benefits of ‘staking,” according to an update from Coinbase (NASDAQ:COIN). Paul Grewal, Chief Legal Officer at Coinbase,… Read More

February 13, 2023 @ 8:35 am By JD Alois  |  

Last week, the UK government revealed data that indicated that the economy delivered no growth during the 4th quarter of 2022 – barely evading a recession. As inflation continues to hit the economy hard, the news remains rather grim, and the next report could indicate… 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 @ 9:47 am By JD Alois  |  

SEC Commissioner Hester Peirce has shared her thoughts on the enforcement action taken against Kraken. The crypto exchange agreed to pay a $30 million penalty pertaining to its staking service. The ability for US clients to earn a return on parked Proof of Stake digital… Read More

February 10, 2023 @ 8:44 am By Omar Faridi  |  

  Digital asset firm Kraken’s settlement with the US Securities and Exchange Commission (SEC) has left many wondering what this means for the industry’s future. Fireblocks’ Chief Legal & Compliance Officer Jason Allegrante and Proof of Stake Alliance (POSA)’s Executive Director Alison Mangiero have the… Read More

February 9, 2023 @ 9:02 am By Omar Faridi  |  

A senior board member at the Bank for International Settlements (BIS) has asked for a coordinated regulatory response in order to limit the incursions of Big tech companies such as Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL) and Google (NASDAQ:GOOG) into financial services. The senior office argued that… Read More

February 9, 2023 @ 8:46 am By Omar Faridi  |  

Fireblocks Director of CBDC & Market Infrastructure Varul Paul has commented on the recent Bank of England Consultation paper focused on the development of the Digital Pound. Prior to Fireblocks, Varun spent 14 years “at the Bank of England, where he supported key decisions on interest… Read More

February 8, 2023 @ 9:26 pm By JD Alois  |  

Artificial intelligence is all the rage right now – fueled by the novelty of ChatGPT, an application that helps provide the masses with a concrete example of what is possible today, along with a look into the future. Blockchain has been the new shiny for… 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 @ 8:11 am By Omar Faridi  |  

The UK government has released proposals for regulation of the cryptocurrency industry in hopes of “stabilizing the market while diminishing the incentives for users to flock to offshore jurisdictions.” Perhaps one of the benefits of the post-FTX landscape is that regulators are now “urged to… Read More