September 20, 2019 @ 10:40 am By JD Alois  |  

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

September 20, 2019 @ 10:14 am By Cali Haan  |  

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

September 20, 2019 @ 9:53 am By Samantha Hurst  |  

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

September 20, 2019 @ 9:41 am By Omar Faridi  |  

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

September 20, 2019 @ 9:35 am By Samantha Hurst  |  

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

September 20, 2019 @ 9:23 am By Samantha Hurst  |  

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

September 20, 2019 @ 9:17 am By JD Alois  |  

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

September 20, 2019 @ 9:07 am By Cali Haan  |  

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

September 20, 2019 @ 7:54 am By JD Alois  |  

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

September 20, 2019 @ 7:23 am By JD Alois  |  

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

September 20, 2019 @ 7:07 am By JD Alois  |  

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

September 20, 2019 @ 2:12 am By Cali Haan  |  

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

September 20, 2019 @ 1:06 am By Cali Haan  |  

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

September 19, 2019 @ 10:04 pm By Cali Haan  |  

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

September 19, 2019 @ 9:59 pm By JD Alois  |  

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

September 19, 2019 @ 9:49 pm By Samantha Hurst  |  

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

September 19, 2019 @ 9:29 pm By Samantha Hurst  |  

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

September 19, 2019 @ 9:25 pm By Cali Haan  |  

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

September 19, 2019 @ 4:47 pm By JD Alois  |  

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

September 19, 2019 @ 3:32 pm By JD Alois  |  

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