October 22, 2019 @ 3:02 pm By Omar Faridi  |  

Malta-based digital asset exchange Binance is planning to launch its first fiat-to-cryptocurrency trading pairs. While attending the Open Innovations 2019 conference in Moscow this week, Binance CEO Changpeng “CZ” Zhao said that fiat-to-crypto options would be introduced soon, starting with the Russian ruble. Zhao stated:… Read More

October 22, 2019 @ 2:15 pm By JD Alois  |  

Mark Zuckerberg, the CEO of Facebook, will testify in front of the US House Financial Services Committee tomorrow in what will be a closely watched political event. Zuckerberg will be defending Facebook’s attempt to create a global non-sovereign cryptocurrency called Libra. The stablecoin has come… Read More

October 22, 2019 @ 11:48 am By Omar Faridi  |  

Over 650,000 companies can register to become BBVA Spain customers, via an online process that reportedly takes a few minutes to complete.  BBVA has been offering various online enrollment options for private clients. The institution is the first bank in Spain to launch an online… Read More

October 22, 2019 @ 11:26 am By JD Alois  |  

Revolut has partnered with Mastercard to issue credit cards using the global network. According to a release from Revolut, the new deal will reach 210 countries and territories with he first cards hitting the US by the end of the year. Revolut is a UK… Read More

October 22, 2019 @ 10:47 am By JD Alois  |  

Draft legislation has been posted on the US House of Representatives, Financial Services Committee website that may designate “stablecoins” as securities. Sponsored by Representative Sylvia Garcia, the ‘‘Stablecoins are Securities Act of 2019″ would mandate that stablecoins are investment contracts and thus are regulated under… Read More

October 22, 2019 @ 10:26 am By JD Alois  |  

The number of restaurants leveraging Reg CF is increasing dramatically, according to a report published by Crowdfund Capital Advisors (CCA). Reg CF is the smallest of the three crowdfunding exemptions utilized in the US. Under Reg CF, an issuer may raise up to $1.07 million… Read More

October 22, 2019 @ 9:54 am By JD Alois  |  

Luge Capital is reporting that iA Financial Group and BDC Capital have invested in the Fintech-focused VC fund, bringing the total size to $85 million. BDC Capital is the investment arm of BDC, Canada’s only bank devoted exclusively to entrepreneurs. Luge is a Canada based… Read More

October 22, 2019 @ 9:15 am By Omar Faridi  |  

Heath Tarbert, chairman of the Commodity Futures Trading Commission (CFTC), has reiterated the statement that  Ether (ETH) futures contracts might be introduced next year. Earlier this month, Tarbert broke the news on the possibility of ETH futures during the Yahoo Markets All Finance conference. Tarbert… Read More

October 22, 2019 @ 8:01 am By Omar Faridi  |  

Payments processing firm Wirecard (WDI.DE) has commissioned an independent audit of its accounts by professional services firm KPMG. The audit is being performed to address questions related to allegations of improper accounting by Wirecard’s management.  The audit will commence immediately according to a statement by… Read More

October 22, 2019 @ 7:44 am By JD Alois  |  

Capitalise.com has announced a new partnership with iwoca and an unnamed “high street bank” to provide instant decisions on credit for participating businesses labeled “Instant Offers.” The service is said to remove any delay for online lending. iwoca is an online lender that offers loans… Read More

October 22, 2019 @ 7:04 am By Omar Faridi  |  

Citi’s Treasury and Trade Solutions (TTS) has released a new Citi Supplier Finance offering, with WorldLink Payment Services (WorldLink). The solution provides access to platforms that allow users to transact in several major currencies for settlement. Citi’s new solution is currently available in the US…. Read More

October 22, 2019 @ 2:55 am By JD Alois  |  

EstateGuru, an online lender for short-term, property-backed loans for SMEs, is reporting having financed 1040 loans for a total amount of €153 million since 2014. Geographically, 68.27% of them were in Estonia, 17.92% in Latvia, 12.24% in Lithuania, 1.37% in Finland, 0.1% in Portugal, and 0.1%… Read More

October 22, 2019 @ 2:34 am By JD Alois  |  

creditshelf Aktiengesellschaft, a peer to peer lender providing financing options to German SMEs, says that more loans have been originated on its platform in the 9 months of 2019 than all of 2018. According to creditshelf, loan volume through the past 9 months stands at… Read More

October 21, 2019 @ 11:29 pm By JD Alois  |  

Bitcoin.com has acquired O3 Labs, according to a release. O2 is a Tokyo-based software company that “specializes in developing gateways to the digital economy.” O3 will be absorbed into Bitcoin.com, forming a single team dedicated to creating tools for the Bitcoin Cash network. Stefan Rust,… Read More

October 21, 2019 @ 11:14 pm By Cali Haan  |  

Rockdale, Texas, a former coal and aluminum producing town hit hard by the exit of those industries. DMG (TSX-V: DMGI), a Canadian firm, will provide hosting and management services for the Texas facility and will work with Bitmain to expand the capacity and to ensure… Read More

October 21, 2019 @ 9:37 pm By JD Alois  |  

Michael Terpin, well known within the cryptocurrency industry, was a victim of a serious theft of crypto several years ago as approximately $24 million in crypto was stolen from his accounts via a Sim Swap hack. Terpin went on to file a lawsuit against AT&T… Read More

October 21, 2019 @ 9:10 pm By Cali Haan  |  

A plaintiff called Seth Shapiro is suing telco giant AT&T (NYSE:T) for its role in allegedly allowing hackers to access his cellphone on four occasions and enable the theft of $1.8 million USD in cryptocurrencies from his crypto exchange accounts. SIM-swapping is a type of hack… Read More

October 21, 2019 @ 7:01 pm By JD Alois  |  

Congressman Patrick McHenry, ranking member on the House Financial Services Committee, has re-introduced legislation that will mandate innovation offices in the numerous federal agencies that have oversight and influence over innovative financial services firms. The Financial Services Innovation Act of 2019 mandates that ten different… Read More

October 21, 2019 @ 6:24 pm By Cali Haan  |  

Jamie Dimon, CEO of JPMorgan Chase, has called Facebook’s go at issuing a cryptocurrency for in-app payments, Libra, “a neat idea that’ll never happen.” Dimon made the comments last Friday while speaking on a panel with Morgan Stanley CEO James Gorman. The two were featured at a conference… Read More