Top Headlines
- Check out our breakdown of the SEC’s new proposal for capital raises, which may be particularly intriguing for those interested in real estate syndication (Jobs Act Lawyer)
- We wrote last week about Twitter CEO Jack Dorsey’s criticism of Coinbase’s “apolitical” stance. Since then, the company has offered severance packages to any employee wishing to leave if they disagree with their position. Reportedly, 60 of the 1,200 employees opted to take the package (Coindesk)
- Digital payments company Square has invested $50M in Bitcoin. Square’s CEO Jack Dorsey, who recently criticized the apolitical stance of Coinbase (see above), touted the investment as a mission-driven plan to support building a “more inclusive future” (Coindesk)
Cryptocurrency Spotlight:
- The United States Attorney General William Barr has published official guidelines for cryptocurrency markets in efforts to ensure the safety of consumers and prohibit the use of cryptocurrency for “illicit activity” (Coin Telegraph)
Blockchain Spotlight:
- Rep. David Schweikert (R-AZ) introduced a bill to the House Committee on Energy and Commerce proposing that digital signatures recorded on a blockchain be recognized as enforceable by law (Coin Telegraph)
International Spotlight:
- ?? China’s central bank released the results of their digital yuan tests which totaled 3.1M transactions between April and August. $162M in digital yuans were exchanged during the pilot (Coindesk)
- ?? In continued efforts to promote the Chinese digital yuan, the central bank is hosting a $1.5M giveaway via a lottery that will deposit a small amount into digital wallets for each of the 50,000 winners (Coin Telegraph)
- ?? The Bank of Thailand is now offering government saving bonds on the IBM blockchain, selling over $1.6B in bonds since launching two weeks ago (Coin Telegraph)
- ?? After reviewing the sale of crypto derivatives for over a year, the UK Financial Conduct Authority has chosen to to ban the sale of crypto derivatives as they have “no value for ordinary investors” (Bloomberg)
- ?? The central bank of the Netherlands has approved the first digital asset exchange under the recently passed EU anti-money laundering legislation (Coindesk)
Crowdfunding News:
- UK equity crowdfunding platforms Seedrs and Crowdcube are merging to become one of the largest fundraising platforms in Europe (Seedrs)