November 13, 2018 @ 8:41 pm By Cali Haan  |  

A fake halal cryptocurrency pyramid scheme targeting Muslim investors in India has fallen apart in the Bitcoin bear market, in part due to scrutiny from regulators, Deccan Chronicle (DC) reports. Father-and-son team Syed Fareed and Syed Afaq Ahmed reportedly tapped a network of “ulemas” (Muslim… Read More

November 13, 2018 @ 5:20 pm By Cali Haan  |  

Because cryptocurrencies are volatile, are not accepted as legal tender anywhere in the world, are not handled by banks and can be transmitted anonymously, without new legislation, the State of Michigan will not be allowing candidates there to accept cryptocurrency campaign donations. These points were… Read More

November 13, 2018 @ 4:38 pm By Jen Nash  |  

Last year’s explosion in cryptocurrencies (in both price and awareness among the public) has made the financial world sit up and take notice. The promise of blockchain technology disrupting industries, democratizing finance through decentralization and potentially making investors wealthy—was the driving force behind the rise… Read More

November 13, 2018 @ 4:16 pm By Samantha Hurst  |  

LAFISE Group (LAFISE), a Latin American financial services provider, announced on Tuesday it has selected fintech and insurtech company novae to support its digital transformation. The LAFISE Group reported that as a first step in the process, the Dominican Republic locations of the group’s retail bank chain, Banco LAFISE… Read More

November 13, 2018 @ 3:30 pm By Samantha Hurst  |  

The Astana Financial Services Authority (AFSA), Astana International Financial Centre Authority (AIFCA) and the Monetary Authority of Singapore (MAS) announced on Tuesday they have signed a tripartite Cooperation Agreement to boost FinTech ties between Singapore and Kazakhstan. The Cooperation Agreement was signed by Mukhtar Bubeyev, Acting… Read More

November 13, 2018 @ 3:06 pm By Cali Haan  |  

An increasingly “techno-savvy” ruling elite in North Korea is using a “full range” of computerized devices and tactics, including the issuing of fraudulent ICOs (initial coin offerings), to evade global sanctions and, “…generate revenue for the Kim regime,” Insikt Group reports. Insikt’s cybersecurity researchers have… Read More

November 13, 2018 @ 9:44 am By JD Alois  |  

UK based Innovate Finance and the Singapore Fintech Association have signed a memorandum of understanding (MOU) to “cement cooperation and greater collaboration between the UK and Singapore Fintech markets.” The agreement was announced during the annual Singapore Fintech Festival. As the UK government already partners… Read More

November 13, 2018 @ 9:24 am By JD Alois  |  

Online lender iwoca has selected Seema Desai as their new Chief Operations Officer (COO). iwoca provides loans of up to £200,000 to small and micro businesses across the UK, Germany, and Poland via its website and through partner integrations using its proprietary Lending API. Desai joined iwoca… Read More

November 13, 2018 @ 9:13 am By Samantha Hurst  |  

The Central Bank of Bahrain (CBB) and the Monetary Authority of Singapore (MAS) announced on Tuesday they have signed a Memorandum of Understanding (MOU) to strengthen cooperation between the two countries in fintech. According to the two organization, the MOU will support the sharing of information… Read More

November 13, 2018 @ 9:13 am By JD Alois  |  

Peer to peer property lender, CrowdProperty, has just surpassed £25 million in funding for property projects. The announcement arrives soon after announcing the platform had topped £20 million in funding. In an email distributed to platform users, CrowdProperty stated: “Having today fully funded our 56th… Read More

November 13, 2018 @ 8:52 am By Cali Haan  |  

The CEO of Informatics Services Corporation (ISC), a private Fintech company in Iran, says the country’s Central Bank has given his company permission to start trailing the cryptocurrency it designed for the Iranian state, Ibena reports. Seyyed Abotaleb Najafi, the London-trained CEO of ISC, reportedly emphasized… Read More

November 13, 2018 @ 8:34 am By JD Alois  |  

Fluidly, one of the 20 winners of the Nesta Challenge Prize on Open Banking in July 2017, has secured £5 million in Series A funding. The round was led by New York-based Nyca Partners with participation from existing investors Octopus Ventures, Anthemis and tech angels including Simon Murdoch… Read More

November 13, 2018 @ 8:27 am By Samantha Hurst  |  

The Inter-American Development Bank (IDB) Group, led by IDB Lab, the Group’s innovation laboratory, announced on Tuesday it has signed a Memorandum of Understanding (MOU) with the Monetary Authority of Singapore (MAS) to collaborate on projects and initiatives that will foster innovation in financial services… Read More

November 13, 2018 @ 8:19 am By JD Alois  |  

The Monetary Authority of Singapore has announced a $5 billion program where the money is placed with private equity and infrastructure fund managers. The announcement was made during the weeklong Singapore Fintech Festival – an event that attracts tens of thousands of attendees each year…. Read More

November 13, 2018 @ 8:14 am By Samantha Hurst  |  

Vertalo, a liquidity enablement and compliance platform for regulated digital assets, announced on Monday it has formed a new partnership with Securrency, a global financial services technology infrastructure and products company, to bolster the future of the security token economy. Vertalo reported it will integrate Securrency’s CAT-20 and 721 security… Read More

November 13, 2018 @ 8:07 am By Erin Hobey  |  

Thread, a new retail experience that combines AI with stylists, has now secured over £1.5 million — overfunding by more than 312% — on its first Crowdcube equity crowdfunding campaign. 2.23% equity is being offered. The first £1 million raised on Crowdcube was accomplished quickly –£500,000 invested in… Read More

November 13, 2018 @ 8:06 am By JD Alois  |  

Today, the Monetary  Authority of Singapore (MAS) has announced the winners of their annual Global Fintech Hackcelerator which takes place during the Singapore Fintech Festival each year. Three winners have been selected from a group of 20 finalists. KPMG assisted in the competition. “The Global… Read More

November 13, 2018 @ 7:53 am By JD Alois  |  

Blockchain startup Sweetbridge has added former Director of the US Mint, Edmund Moy to its advisory board. Moy is said to be one of the first senior federal government officials to embrace the potential of cryptocurrencies and blockchain technology. Sweetbridge is described as a network that will… Read More

November 13, 2018 @ 7:33 am By Erin Hobey  |  

Crowdfund Insider has covered multiple successful ice cream equity crowdfunding campaigns over the years: the global crowd loves ice cream in all its forms. Last May, Spanish Gelateria Ice Wave launched a Crowdcube campaign for its artisanal rolled ice cream, a concept similar to the… Read More