JD Alois

I write for Crowdfund Insider / Fintech Insider. Yes, this is a pen name. #Fintech #Cryptocurrency #Crowdfunding. Be global.

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Articles

Digital Bank Chetwood Bank Reports £4 Billion In Customer Savings Deposits

3 days ago | crowdfundinsider.com | JD Alois

Chetwood Bank, a digital bank challenging established incumbents, says it has now topped £4 billion in savings deposits. Last year, at the end of March, Chetwood reported £2.86 billion in deposits. Chetwood benefits from a current interest rate of 4.52% paid to its “easy access” savings. There is no minimum or maximum account threshold. Chetwood offers other fixed rates, which may be higher for a specific term. The bank says the milestone reflects its rapid growth and commitment to savers in the UK.
KindlyMD, Nakamoto Holdings To Merge, Pursue Global Bitcoin Treasury Strategy, Shares Rocket Higher

3 days ago | crowdfundinsider.com | JD Alois

Microcap healthcare firm KindlyMD (NASDAQ:KDLY) says it has signed a definitive merger agreement with Nakamoto Holdings to start a Bitcoin treasury strategy. The somewhat unlikely partnership will provide Nakamoto with a public listing while listing the expectations of Kindly. Kindly announced earnings yesterday, reporting net revenue of $579.7k, down 30% from 1Q 2024. This resulted in a net loss of $1.04 million, a 268% drop versus Q1.
Mobius Token Hacked. Millions Pilfered In Exploit

3 days ago | crowdfundinsider.com | JD Alois

The crypto sphere is lamenting another hack today, as reports are all over X that Mobius Token has been the target of a hack. Apparently, $MBU on BNB Chain was utilized to steal approximately $2.1 million as tokens were minted and quickly sold.
Ripple Resolves SEC Enforcement Action, Pays $50 Million

5 days ago | crowdfundinsider.com | JD Alois

The Securities and Exchange Commission (SEC) has stated that the pending enforcement action with Ripple, Brad Garlinghouse, and Christian Larsen has been resolved. The SEC noted that it would ask the court to dissolve the injunction against Ripple from the final judgment revealed in August 2024. An escrow account holding $125 million will be released, and the SEC will receive $50 million to settle the penalty.
Eurocrowd: ECSPR Slowing Crowdfunding In EU As Compliance Requires Significant Investment, Undermines Online Capital Formation

6 days ago | crowdfundinsider.com | JD Alois

While European Crowdfunding Service Provider regulation (ECSPR) was expected to fuel the growth of online capital formation in Europe, the actual results have been less than stellar. As Eurocrowd explains, the “patchwork” of rules and significant investment needed to support compliance, disclosures, risk management, and governance has tempered growth.
Alex Mashinsky Prison Sentence Sign Of Digital Asset Evolution

6 days ago | crowdfundinsider.com | JD Alois

Alex Mashinsky, the founder and former CEO of Celsius, was once the toast of the crypto town. At one point, Celsius claimed they were adding nearly $1 billion a month in new assets.
Senate Stablecoin Bill, The Genius Act, Hits Speed Bump As Cloture Vote Denied

6 days ago | crowdfundinsider.com | JD Alois

The Senate Stablecoin Bill, the Genius Act, or The Guiding and Establishing National Innovation for U.S. Stablecoins (S 1582), failed to get enough votes to gain cloture in the Senate. In effect, a cloture motion can quickly end debate and thus allow for a vote on the legislation. While Republicans sponsored the legislation, several prominent Republicans voted against the cloture motion. These include: Senators Josh Hawley, Rand Paul, and Jon Thune.
Tokenization Firm Savea Raises $2.5 Million Pre-Seed, Targets "High Value Assets" Including Wine

6 days ago | crowdfundinsider.com | JD Alois

Tokenization firm Savea has raised $2.5 million in pre-seed funding, according to the company. The platform aims to tokenize “high-value assets” in a regulated environment. The funding came from angel investors and venture firm EmergentX. Savea says it will utilize blockchain technology to improve liquidity in real-world assets (RWAs) like fine wine, collectible cars, and watches.
Globacap CEO Slams UK Public Markets Again: It's Less Appealing As There Is A Huge Amount Of Private Funding Available

1 week ago | crowdfundinsider.com | JD Alois

A recent New Finance report states that the bigger threat is not the US market but private markets in regard to the moribund UK and European public markets The report claims: “Over the past decade, more than 1,000 listed companies in Europe with a combined value of just over $1 trillion have delisted after being acquired by privately-held companies or private equity firms.” And; “…reforms [ are needed] to help make European markets more attractive to companies and investors alike by reducing...
Comments On Bank Of England Rate Decision

1 week ago | crowdfundinsider.com | JD Alois

Today, the Bank of England cut its Bank Rate by 25 basis points. This is in contrast to the US Federal Reserve’s decision to hold rates steady due to stagflation concerns. The BoE decision was not unanimous with some wanting a more aggressive cut and others preferring to hold steady. In the end the Bank decided the cut was the right thing to do as inflation cools and growth remains slow.