Category Archives: Banks

Crypto Inventor Claims Better Exchange

Kyser Sose, Satoshi Nakamoto, David Chaum – recognize any of those names? In the world of cryptocurrency, only Mr. Chaum is a real person who, the Wall Street Journal says, built his own cryptocurrency (Digicash) years before Bitcoin. He is … Continue reading

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Book Seller Crowdfunds To Compete With Amazon

Here’s the problem: Bob Woodward’s bestseller “Fear” goes for $30 at the private DC bookstore Politics & Prose and for $18.25 on Amazon. Small private book sellers are getting creamed. Even Barnes & Noble is hurting. However, Noelle Santos, who … Continue reading

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Terrorist Crowdfunding

Like everything else, crowdfunding has a dark side. Terrorists use a platform found on Tor (the dark web) to raise money for weapons, pickup trucks, gun accessories like silencers and even paying for your favorite mujahideen to go to combat … Continue reading

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Cryptocurrency Is Dead

Yeah, no. The Wall Street Journal reports that Goldman Sachs has killed its planned cryptocurrency trading desk. Why? No one cares about cryptocurrency any more. The bubble has burst. (If you believe it). https://www.wsj.com/articles/goldman-tables-crypto-desk-1536183581

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P2P Lender Going Public

Shadow banking has come full circle with the registration of Funding Circle Holdings, Ltd.’s filing for an initial public offering in the UK. In its IPO, FCH is attempting to raise about $385 million that would value the crowdfunding peer-to-peer … Continue reading

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Swiss Loosen Money Laundering Rules For Fintechs

In a move counter to today’s legal tightening, Swiss banking authorities are loosening rules to counter money laundering for small new fintech companies. The regulator, FINMA, has determined that “small” institutions are those with gross revenues under 1.2 million Swiss … Continue reading

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In A First, Fiat Currency Tied To A Cryptocurrency

A sign of desperation or genius? Venezuela’s President Maduro, who is fighting against hyperinflation, has just done a major financial flip by tying the country’s fiat currency to the value of its “Petro” cryptocurrency. (Most “stable” cryptocurrencies are tied to … Continue reading

Posted in accredited investor, balance, Banking, Banks, CFTC, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, fraud, Investments, Jobs, Legislative Intent, review, technology | Tagged , , , , , , , , , , , , | Leave a comment