May 22, 2019 @ 10:35 pm By Cali Haan  |  

Adam Clark, a self-taught programmer who founded the now liquidating “decentralized” cryptocurrency exchange Cryptopia, already has a new exchange in the works, Decrypt Media has found. Clark’s LinkedIn profile lists him as “Platform Architect / Lead Developer at Assetylene.co,” a company in September of last year… Read More

May 22, 2019 @ 10:25 pm By Cali Haan  |  

Galaxy Digital Holdings Ltd. (TSXV: GLXY; Frankfurt: 7LX), Mike Novogratz’s crypto merchant bank, has sold, “a majority of the Company’s position” in Block.one back to Block.One itself. Block.one is the company that launched the EOS blockchain last year. Galaxy’s remaining shares in Block.one, “…will no longer represent a… Read More

May 22, 2019 @ 5:23 pm By Cali Haan  |  

Police in the Netherlands and Luxembourg have seized six servers hosting Bestmixer.io, “one of the three largest mixing services for cryptocurrencies.” The seizures, cooperatively executed by the Dutch Fiscal Information and Investigation Service (FIOD), Europol and the authorities in Luxembourg, have resulted in the complete shutdown… Read More

May 22, 2019 @ 4:11 pm By Samantha Hurst  |  

Snapsheet, a U.S.-based insurtech that’s focused in virtual claims solution, announced earlier this week it raised $29 million through its Series E funding round, which was led by Tola Capital, a venture capital firm that focuses on enterprise software. It includes participation from new investors,… Read More

May 22, 2019 @ 3:35 pm By JD Alois  |  

Securities custody is a challenging service even for analog firms. Crypto brings with it a whole host of nuanced hurdles when providing custody for digital assets. There are a few firms that have successfully launched custody for crypto – such as PrimeTrust. Fidelity is providing… Read More

May 22, 2019 @ 3:11 pm By Samantha Hurst  |  

On Tuesday, the Federal Financial Supervisory Authority (BaFin), Germany’s supervisor of banks, financial services providers, insurance undertakings, and securities trading, reportedly published an order for N26 to remove backlogs in IT monitoring in order establish process descriptions and workflows in writing. In response to the… Read More

May 22, 2019 @ 2:34 pm By Samantha Hurst  |  

Pension managing company PensionBee announced earlier this week that it has expanded its integration with digital banking group Starling Bank. PensionBee revealed that Starling Bank customers may now seamlessly combine all their old pensions into a new PensionBee plan, offering a pension consolidation product in… Read More

May 22, 2019 @ 1:44 pm By Samantha Hurst  |  

Portugal-based agriculture tech company, Agroop, has successfully secured its initial €500,000 funding target through its latest equity crowdfunding campaign on Seedrs. The funding round was launched in March, less than two years after Agroop obtained €514,000 on the funding platform.  As previously reported, Agroop was… Read More

May 22, 2019 @ 12:41 pm By JD Alois  |  

Fintech Unicorn and stealth bank Transferwise has raised $292 million at a valuation of $3.5 billion. According to multiple reports, Transferwise has doubled its valuation in contrast to its last funding round. The round was said to be over-subscribed. Transferwise last raised capital at a… Read More

May 22, 2019 @ 11:39 am By Samantha Hurst  |  

TicketGuardian, an insurtech startup that’s aiming to shake up the ‘no refunds’ standard of live events ticketing, announced earlier this week it has rebranded to Protecht. According to TicketGuardian, the name change is designed to streamline and simplify the Protecht offerings to partners, prospects, and… Read More

May 22, 2019 @ 11:06 am By Samantha Hurst  |  

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Wednesday it has formed a new partnership with India’s government-owned company UTI Infrastructure Technology and Services Limited (UTIITSL), to facilitate the issuing of physical and digital taxpayer identification cards, also known as PAN (Permanent… Read More

May 22, 2019 @ 10:57 am By JD Alois  |  

PeerStreet, a leading crowdfunding platform serving the real estate marketplace, is expecting “substantial institutional growth.” In the online capital formation world, institutional money is needed for a platform to effectively scale. Since platform launch, PeerStreet has done a pretty effective job as loan facilitations have… Read More

May 22, 2019 @ 9:56 am By JD Alois  |  

Digital asset firm Circle has let go 10% of its workforce or 30 individual employees. Circle founder and CEO Jeremy Allaire explained the move in a series of tweets. Allaire said: “We made these changes in response to new market conditions, most importantly, an increasingly… Read More

May 22, 2019 @ 9:33 am By JD Alois  |  

Challenger bank Tandem has formed a partnership with “social mobility charity,” Brightside, to educate the youth on financial management. According to Tandem, a pilot program has been launched to deliver a program to a North London school to students aged 16 to 18 “offering a… Read More

May 22, 2019 @ 9:29 am By Samantha Hurst  |  

Hong Kong-based cryptocurrency platform Crypto.com announced on Wednesday it has listed ICON’s ICX to its wallet and card app. Crypto.com reported that ICX is the sixteenth token added to the crypto platform, joining cryptocurrencies and stablecoins such as Bitcoin (BTC), Ether (ETH), Litecoin (LTC), XRP,… Read More

May 22, 2019 @ 8:57 am By Samantha Hurst  |  

KoreConX announced on Wednesday it has appointed Howard Atkinson, the Chairman of the Board of Directors at Canada-based multi-cryptoasset investment round 3iQ, is joining the company’s Board of Directors. According to KoreConX, Atkinson has also been in the financial services industry for over three decades… Read More

May 22, 2019 @ 8:26 am By Samantha Hurst  |  

Global fintech InvestCloud announced last week it has appointed Will Bailey as its new Chief Strategy Officer. According to InvestCloud, the newly-created role will see Bailey head up development on emerging product initiatives, which includes leading a strategic product team to apply the latest technology, from… Read More

May 22, 2019 @ 7:50 am By JD Alois  |  

Voom is poised to provide on-demand insurance following the completion of a $5 million Series A funding round, according to a note from the company. Voom, a Tel Aviv based startup, received the capital injection from Arbor Ventures with participation from returning investors F2 Capital,… Read More

May 22, 2019 @ 7:22 am By Cali Haan  |  

A 33-year-old man in the central-Netherlands city of Apeldoorn has been arrested for allegedly using a fake cryptocurrency mining scheme to defraud 100 investors out of €100 million ($112 million USD), de Gederlander reports. Officers from The Tax Information and Investigation Service of the tax authorities (FIOD)… Read More