Opinion

July 24, 2022 @ 9:26 pm By JD Alois  |  

Later this month, the US government will release GDP numbers which may or may not indicate the economy is in a recession. The White House is already taking steps to prepare for a potentially negative report. A recession is typically defined as two-quarters of negative… Read More

July 24, 2022 @ 8:53 pm By JD Alois  |  

Last week, the  Securities and Exchange Commission filed a lawsuit against the perpetrators of an alleged insider trading scam utilizing privileged information from Coinbase. A former Coinbase manager, along with two co-conspirators, have been charged as well. The former Coinbase manager, Ishan Wahi, his brother… Read More

July 24, 2022 @ 2:52 pm By JD Alois  |  

Blockchain.com is joining a handful of other crypto firms that have cut jobs while slowing its expansion. As has been widely reported, Blockchain.com will let go approximately 150 employees or about 25% of its staff while shuttering an office in Argentina and slowing growth of… Read More

July 21, 2022 @ 7:26 pm By JD Alois  |  

While Fintech investment may be slowing in other markets, the United Kingdom appears to be bucking the trend. In a “Summer Investment Report,” Innovate Finance puts a pen to the numbers and they are encouraging. The organization states that during the first 6 months of… Read More

July 20, 2022 @ 12:22 pm By JD Alois  |  

Bitcoin is in rally mode after several weeks of gloom. At the moment, Bitcoin is trading above $24,000 – the first time since the 2nd week of June. The rise in valuation is being joined by other cryptocurrencies as well as traditional securities. Marcus Sotiriou,… Read More

July 19, 2022 @ 11:13 am By JD Alois  |  

Mike Novogratz, founder of Galaxy Digital Holdings, billionaire, and crypto bull, says he got it wrong about the crypto industry as several firms have collapsed and digital asset valuations have tanked. Novogratz was also a big supporter of TerraUSD/LUNA – the failed algorithmic stablecoin concoction…. Read More

July 18, 2022 @ 5:17 pm By Chris Sloan  |  

  Non-fungible tokens, commonly called NFTs for short, have become an increasingly popular digital asset, especially in light of some eye-popping sale transactions involving Jack Dorsey’s first tweet, Bored Ape NFTs, NBA Top Shots Moments, and a number of other digital works of art. However,… Read More

July 17, 2022 @ 3:00 pm By JD Alois  |  

The Association of Online Investment Platforms (AOIP) has forwarded a letter to members of Congress in support of the JOBS Act 4.0 legislation. In the spring of 2022, Republicans on the Senate Banking Committee submitted draft legislation on the 10th Anniversary of the JOBS Act… Read More

July 13, 2022 @ 12:35 pm By JD Alois  |  

Inflation rang the bell once again, topping expectations and delivering a 9.1% increase in prices in the past 12 months. Consumer prices rocketed higher in June, delivering a 1.3% increase. With the Fed on deck, the discussion now shifts to how much higher the rate… Read More

July 12, 2022 @ 11:52 pm By Lee Schneider  |  

SOL, the native token of the Solana public blockchain, is the latest victim of a scurrilous attack by plaintiffs’ lawyers claiming that yet another blockchain token is an investment contract under the test famously set forth in S.E.C. v. W.J. Howey.  The claims perpetuate the… Read More

July 11, 2022 @ 2:00 am By JD Alois  |  

Anchorage Digital Weathers Crypto Storm Crypto lending and yield platforms have garnered a lot of attention lately due to the troubles at firms like Three Arrow Capital (3AC), Voyager Digital, and Celsius Network. The first two have filed for bankruptcy/liquidation. Celsius remains a bit of… Read More

July 7, 2022 @ 3:45 pm By JD Alois  |  

Rialto Markets has added over $1.2 billion in signed contracts from private company issuers. As the cost of going public has risen, fewer companies have pursued the option of raising capital in an IPO and trading on an exchange. This cost of compliance is predicted… Read More

July 7, 2022 @ 1:09 pm By Collette Allen  |  

The entire world is on edge with the events unfolding in Ukraine. As NATO responds and sanctions have been imposed on Russia, what does this mean for businesses? As part of an overall Anti-money laundering and fraud protection strategy, screenings performed for new clients prevent… Read More

July 5, 2022 @ 4:57 pm By JD Alois  |  

MiCA, Markets in Crypto Assets legislation, is still being digested by industry insiders. The goal is to provide a regulated path for digital asset innovation – sufficient protections to guard against abuse but still empowering industry participants to create new products and services within a… Read More

July 5, 2022 @ 8:13 am By Omar Faridi  |  

The recent insolvency of hedge fund Three Arrows Capital (3AC) has not only led to a “cascade” of liquidity crises in the crypto industry, but also “shone a light on the significant risk posed by uncollateralized crypto loans,” according to a report by Huobi Research… Read More

July 4, 2022 @ 6:49 pm By JD Alois  |  

Last week, the Cambridge Centre for Alternative Finance (CCAF), in partnership with the World Bank and the World Economic Forum, published the Global COVID-19 Fintech Impact and Industry Resilience Study. The goal was to measure the utilization and growth of Fintech during an extraordinary time… Read More

July 4, 2022 @ 10:34 am By JD Alois  |  

Uphold, a crypto trading platform that is registered with the UK Financial Conduct Authority (FCA), is calling a bottom in the crypto markets. Since the beginning of 2022, digital assets have tumbled in value. At one point in 2021, crypto hovered around $3 trillion in… Read More

July 3, 2022 @ 9:27 pm By Omar Faridi  |  

Following the news that non-fungible token (NFT) marketplace OpenSea had suffered a data breach, Kaleb Ells, Analyst on the Thematic Team at GlobalData, a data and analytics company, noted: “This mass data breach highlights that OpenSea is not yet providing the security fundamentals that are… Read More

July 2, 2022 @ 8:14 am By Jairo Riveros  |  

Cryptocurrency is gaining traction with investors, businesses, and even Uncle Sam this year. Despite being around for over a decade, the global cryptocurrency market is now worth over $1 trillion. At the end of February, the 24-hour average trading volume of all cryptocurrencies across the… Read More

June 28, 2022 @ 7:09 pm By JD Alois  |  

In 2020, the Securities and Exchange Commission approved several improvements for securities crowdfunding. One of the most impactful updates was raising the funding limit under Reg CF to $5 million from $1.07 million. Prior to this, many industry insiders viewed the old funding cap as… Read More