Cambridge Centre for Alternative Finance Publishes 2nd Global Blockchain Report: Enterprise Utilization and Network Development

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The Cambridge Centre for Alternative Finance (CCAF) has published its 2nd Global Enterprise Blockchain Benchmarking Study. CCAF is the leading Fintech research in the world. The Centre has published multiple reports on the global alternative finance market which are frequently referenced by policymakers and industry… Read More

Wefunder’s Nick Tommarello Posts Comment on SEC Concept Release: Currently, Reg CF is “Most Often a Funding Option of Last Resort”

Wefunder, the leading crowdfunding platform using the Reg CF securities exemption, has posted a comment letter on the Securities and Exchange Commission’s concept release authored by Wefunder co-founder and CEO Nick Tommarello. The SEC’s concept release is an ongoing consultation on the current regulatory environment… Read More

Square Fills Out Crypto “Bitcoin Dream Team” with Three New Hires

Financial services company Square Inc. (NASDAQ:SQ), co-founded in 2009 by Jim McKelvey and Twitter’s Jack Dorsey, has announced three new hires to the company’s Bitcoin-services development division. According to the company, Wallace is a former developer from Lightning Labs, the company behind the Lightning Network,… Read More

Wirecard Teams Up With Turkey’s Flight Booking Agency Enuygun to Improve Purchasing Experience

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Friday it has formed a partnership with Enuygun, a Turkey-based online travel agency for flights, to optimize digital payments for Enuygun customers. Wirecard reported that it processes incoming credit card payments on Enuygun for… Read More

US House Financial Services Committee told Hearing with ALL SEC Commissioners. Topics Include Cryptocurrency & Facebook’s Libra; Private Markets vs. Public Markets

The US House Financial Services Committee is planning to ask the Securities and Exchange Commission (SEC) to provide additional information about a litany of topics including cryptocurrencies and Facebook’s stablecoin project Libra. Other topics include the discussion on private markets vs. public markets as well… Read More

Scalable Capital Announces New Partnership With Raisin

Digital asset manager Scalable Capital announced on Friday it has formed a new partnership with European cross-border savings platform Raisin. According to Scalable Capital, customers with a portfolio account at Baader Bank can invest in fixed-term deposits with select European banks as part of a… Read More

Crypto.com Receives Cryptocurrency Security Standard Level 3 Compliance

Hong Kong-based cryptocurrency platform Crypto.com announced on Friday it has officially achieved Level 3 compliance with the Cryptocurrency Security Standard (CCSS). According to Crypto.com, Level 3 is considered the highest and strictest level achievable. After rigorous security audits by a team of cybersecurity and compliance… Read More

Robocash Claims P2P Lending Growing in Popularity in Germany as Interest Jumps by 6.5X Since 2015

Peer to peer platform Robo.cash has published a report indicating growing interest from Germany regarding P2P lending. In a study conducted by the platform, the company said that in 2015 the monthly number of requests related to P2P lending in the country was less than… Read More

Ohio Man Imprisoned for Selling Fake IDs for Bitcoin

A 35-year-old man from Toledo, Ohio, has been sentenced to one-year-and-a-day in prison and three years of supervised release for, “manufacturing fake IDs in a large-scale scheme funded in part with Bitcoin cryptocurrency,” Toledo Blade reports.  Aaron Kuns was sentenced on Wednesday, September 18th, after… Read More

Ownera Digital Securities API Plans Launch in Partnership with Amazon

Ownera, an emerging digital securities network for the issuance of blockchain-based securities, says it will be releasing its “Digital Securities API” utilizing the Amazon Managed Blockchain service running HyperLedger Fabric. A recent research report noted that Hyperledger Fabric appears to be the clear winner for… Read More

SME Focused Digital Bank Penta Tops 10,000 Business Customers

Berlin based digital bank Penta has announced that after only 18 months of operation it has acquired over 10,000 business customers. User numbers have increased over 200% in the past two months, according to a release. Penta is a partner of Berlin-based solarisBank. In August,… Read More


OurCrowd Backed “New Space” Company NSLComm Signs Multi-Million Dollar Contract

OurCrowd backed “new space” company NSLComm has signed a multi-million dollar contract with a “large multinational entity.” NSLComm has developed an “expandable” nano-satellite solution as a solution to the global demand for increased connectivity. NSLComm’s solution is said to represent one of the largest leaps… Read More

CryptoKitties Company Launches New Blockchain for Collectibles

Dapper Labs, creator of CryptoKitties, has secured $11 million USD in funding from private partners to continue developing a new blockchain called Flow. Flow will be used mainly to circulate digital collectibles like CryptoKitties, a project that once clogged the Ethereum network due to a… Read More

Self-Proclaimed “Ethereum Co-Creator” Arrested in Case of Alleged Extortion

Lawyer, self-proclaimed Ethereum co-creator and “architect of the ICO,” Steven Nerayoff, has been charged with extortion for allegedly, “…threaten(ing) to destroy a startup cryptocurrency company if…not paid millions of dollars in the cryptocurrency Ether (ETH).” Nerayoff’s LinkedIn profile indicates he has been, “an advisor or investor in… Read More

Departed CEO, Patrick Byrne, Sells His Entire Stake in Overstock for $90 Million USD

Overstock’s (NASDAQ:OSTK) recently departed founder and CEO, Patrick Byrne, sold his entire 13% stake in the company for $90 million USD in the past three days, MarketWatch reports. Byrne left Overstock in August after disclosing in a company news release and in interviews that he’d… Read More

TBF Financial Reports Purchase of $60 Million in Commercial Debt from “Major Online Lender”

TBF Financial says it has purchased nearly $60 million in non-performing loans from a “major online small business lender,” according to a company release. The specific online lender remains unnamed. TBF CEO Brett Boehm states: “We are seeing growing interest from online lenders who want… Read More

Stripe Secures $250 Million Through Latest Funding Round

Payments platform Stripe announced on Thursday it secured $250 million through latest funding round at a new pre-money valuation of $35 billion. Investors involved in the funding round included General Catalyst, Sequoia, and Andreessen Horowitz. The latest round of funding comes just days after Stripe… Read More

Cross River Announces Plans For RTP Network Real-Time Payment System Implementation

Fintech

Cross River, a bank that delivers advanced financial and compliance products/services to the fintech industry, announced on Thursday it has plans to enhance its real-time payments capabilities for its partners through its application to join the RTP network developed by The Clearing House (TCH). Cross… Read More

Redditor Claims to Have Lost Banking and All Access to Credit Following Bad Bitcoin Deal

A user of the Internet forum site Reddit claims his bank’s reaction to a Bitcoin deal gone bad has, “ruin(ed)” him: “TLDR (summary) – sold small amount of BTC on local bitcoins, Barclays bank closed my account, accused me of fraud and now I can’t… Read More

LendingClub Fills Board of Directors Slot with former Alibaba Executive Michael Zeisser

LendingClub (NYSE: LC), has filled a vacant board of directors position with Michael Zeisser – a former executive with Alibaba. According to a release, Zeisser will serve on the Nominating and Corporate Governance Committee and the Compensation Committee. Zeisser has an interesting resume. Until April… Read More

SEC Chair Jay Clayton Comments on the Change in Public Capital Markets: A Lot of Growth is Happening in Our Private Markets

Today, Securities and Exchange Commission (SEC) Chairman Jay Clayton was interviewed by Andrew Ross Sorkin during the annual Delivering Alpha event produced by CNBC. During the interview, Chair Clayton took the opportunity to address the shifting landscape of the private markets in comparison to public… Read More

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