[Event] DeFi App Conference
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DeFi App Conference || Friday May 28
Our Co-founder, Jor Law, will be speaking at the DeFi App Conference May 28th, 2021.
Limited Tickets: DeFiApp.Finance
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Covid-19’s Economic Effect in the United States
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Around this time last year, we published an article of predictions about what the Coronavirus could bring to the economy. At the time, we had no idea what a profound historical event the Covid 19 pandemic would have on society. Looking back a year later, it almost feels like 2020 through 2021 was longer than just one year. Practically nothing outside of maybe the Great Recession compares to the massive effect this virus has had on our economy and the future of so many industries. Let us look back at how our industry and the economy as a whole have changed in the last 12 months.
Read MoreCryptocurrency Goes Public
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Another major milestone for cryptocurrency occurred on Wednesday, April 14th, 2021, as Coinbase took itself public, making it the first major crypto company to go public. Coinbase is a relatively young company in the infant industry of cryptocurrency, therefore this move to go public is a significant step forward and sets a precedent for other major crypto companies. Without accounting for options and restricted stocks, Coinbase was valued at a little over $60 Billion USD when it ended the day on Wednesday, April 14th, 2021. This high valuation gives crypto companies and investors more confidence that the digital currency space can be just as bullish and valuable as any traditional company. This is a huge win for the crypto industry and the financial tech industry as a whole. Let us examine this momentous occasion in more detail.
Read More[Infographic] Guide to US Crowdfunding
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Below is a helpful infographic to US crowfunding. Download a printable PDF here.
Issuer Alert - Updated FINRA Filer Form
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Starting May 22nd, 2021 FINRA will require Issuer to fill out an update form when filing. The new rules are based on FINRA Rules 5122 (Private Placements of Securities Issued by Members) and 5123 (Private Placements of Securities). It is very important for Issuers to familiarize themselves with the changes in order to stay compliant with the new and updated questions that are in the new Filer Form. As the new Filer Form will be required for all new filings as well as amended ones, May 22nd is a major day for all Issuers. The full breakdown of the form changes, including the actual form, and contact information for sending FINRA inquiries regarding the changes can be found on FINRA website. That being said we will summarize the announcement in this blog article.
Read MoreRenewed Focus on Digital Asset Risks by the Division of Examinations
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The Division of Examinations (formerly the Office of Compliance Inspections and Examinations) has announced in a recent Security and Exchange Commission press release plans to continue their focus on the potential risks of digital assets. The SEC taking the digital asset category seriously lends legitimacy to that industry and hopeful is a prelude to a more robust digital asset industry in the United States. In the short term, however, the Division of Examinations intends this study to be used in regulation and transparency for companies and investors looking to use digital assets more in their investments and funds.
Read MoreSEBI is Contemplating the Accredited Investor
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SEBI, or Securities and Exchange Board of India, is considering the addition of the accredited investor to the regulations. The agency is reaching out for public comment in order to get a good understanding of how industry professionals and investors feel about the concept of adding an accredited investor definition to Indian securities law. The accredited investor definition has had great success throughout the world. Many international accredited investors boost their respective countries’ economies, so it is no wonder that India is considering adding this definition to its securities regulations.
Read MoreCoinKite’s Coldcard MK3 - The Safest Bitcoin Hardware Wallet?
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In 2020, the value of cryptocurrencies rose dramatically, driven in part by greater institutional acceptance and bitcoin buying. As a result, VerifyInvestor.com has noticed an uptick in investors qualifying as accredited investors due to the value of their cryptocurrency holdings. Whether people hold their cryptocurrencies on an exchange or a wallet, they can use crypto to get verified as accredited investors. Regulation D allows verified accredited investors to participate in private deals similar to those conducted by Filecoin, Hashgraph, and tZERO.
Read MoreSame-day Settlements: The Future of Investing
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Sometimes it seems the financial system in the United States is playing catch up with other industries. The finance industry desperately needs to modernize between old traditions and practices, slow bureaucratic lawmaking, and an unwillingness to adapt to modern technology. The incredible accessibility that 21st-century technology has afforded the world brings with it changes in literally every corner of every industry. For investing, this means embracing same-day settlements on trades. Let us examine how trade settlements work and why same-day settlements have become a hot topic.
Read MoreThe Head of the SEC - Past and Present
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As a new presidential administration enters the fold and as the confirmation of a new Head of the SEC takes place, let us look at the outgoing SEC head Jay Clayton’s accomplishments. After serving from 2017 to 2020, Clayton’s SEC accomplishments are countless; we will focus on the many important things that occurred during his tenure, mainly focusing on Rule 506(c) changes and how that has changed our industry.
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