Offering Support for Crowdfunding and Broker-Dealers Subject to Transfer-Agent Requirements

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On November 2, 2020, the U.S. Securities and Exchange Commission (“SEC” or “Commission”) voted to amend its rules to harmonize, simplify, and improve the exempt offering framework. These amendments will, in general, be effective 60 days after publication in the Federal Register. Bigger is Better An… Read More

In a Sign of the Importance of Fintech, Switzerland Finance Minister Ueli Maurer to Address Singapore Fintech Festival

Switzerland has emerged as a Fintech friendly jurisdiction and home to many blockchain-focused financial services firms. The country  has long been an important banking center and the Swiss government is keen to maintain its status in a world that is going through a digital transformation…. Read More

Fintech Unicorn Marqeta Might Conduct IPO Next Year, after Establishing Additional Head Offices in Denver

Marqeta, a Fintech Unicorn that claims to be the first global modern card-issuing platform, is reportedly working with many startups that are now using Marqeta’s payment card issuance technology. Marqeta is also working closely with Goldman Sachs and J.P. Morgan Chase & Co. as the… Read More

Mercurity Fintech Holding, a Blockchain focused Cross-Border Payments Firm, Reports Q3 2020 Losses, Launches DeFi Platform

Mercurity Fintech Holding Inc., which leverages blockchain or distributed ledger technology (DLT) to assist businesses with conducting “instant” cross-border transactions and remittance payments (through banks or financial institutions), has released its third-quarter 2020 financial results (for the period ending September 30, 2020). Mercurity reports (generally… Read More

US Federal Trade Commission Files Lawsuit Against Fintech Savings App Beam for Allegedly Mismanaging Customer Deposits

The customers of mobile savings app Beam had been complaining that they were able to deposit funds but couldn’t get their money back out. The Fintech also allegedly failed to live up to promised high interest rates. The Federal Trade Commission (FTC ) alleges that… Read More

Survey Shows Buy Now, Pay Later Services Might Lead to UK Consumers Going into Debt due to Financial Mismanagement

A new survey from Capco has revealed that consumers must receive proper information and educational materials so that they can responsibly use Buy Now, Pay Later (BNPL) platforms and services. According to the study, BNPL services must also be regulated properly. Capco’s research found that… Read More

UK’s Financial Conduct Authority Announces Benefits of Using RegData, a New Data Collection Tool

The UK’s Financial Conduct Authority (FCA) recently announced the benefits of its new data collection platform, called RegData. The FCA noted that RegData would be replacing Gabriel as the regulator’s data collection platform. The FCA confirmed that RegData is “informed by user feedback, is faster,… Read More

Bitcoin (BTC) Outperformed Every Mainstream Asset Class in 2020, as Family Offices Look to Invest in Digital Currencies: Report

Bitcoin (BTC), the flagship cryptocurrency, is considered a legitimate store of value (SoV) by many investors, as it allows them to hedge against “expansionist monetary policies,” according to a blog post by Ledger Vault, a digital asset security solution for financial institutions, powered by Ledger… Read More

Commonwealth Bank of Australia’s Fintech Incubator’s Xccelerate2020 Awards $150,000 to OwnHome, which Makes it Easier to Own Property

OwnHome, the recent winner of Xccelerate2020, the startup competition that’s managed by the Commonwealth Bank of Australia’s Fintech incubation division X15ventures, has reportedly received $150,000 in capital after grabbing the number one spot in the contest. Over 80 different startups had applied to take part… Read More

Crypto Derivatives Market Trading Volume Surged from $38.3B on Nov 21 to $66.9B on Nov 27, 2020 after Bitcoin Price Crash: Report

The TokenInsight team notes that once again (unsurprisingly), we all received a “big gift” from the digital asset market for Thanksgiving with Bitcoin (BTC) crashing – which came right after it surged past the $19,000 mark for the first time in around three years. The… Read More

Coinbase CEO Expresses Concerns About Potential New Regulations for Self-Hosted Crypto Wallets

Brian Armstrong, Co-founder and CEO at Coinbase, the leading US-based digital asset exchange, notes that this past week, the company heard rumors that the U.S. Treasury and Secretary Mnuchin had been planning to “rush out” some new regulations for self-hosted cryptocurrency wallets  – which would… Read More


Bahrain and Saudi Capital of Riyadh Named as Top Fintech Ecosystems to Watch Closely: Report

The Kingdom of Bahrain and Saudi Arabia’s capital city Riyadh were recently chosen as the top Fintech ecosystems to watch closely, according to a report from research organization Startup Genome. The researchers at Startup Genome analyzed the economies and deal activities of several different countries…. Read More

Brazilian Insurtech Pier Raises $14.5 Million Through Series A Funding Round Led By Monashees

Pier, a Brazil-based full-stack insurtech, announced earlier this week it secured $14.5 million through its Series A funding round, which was led by Monashees with participation from Canary, Mercado Livre, and BTG Pactual. Founded in 2018, Pier states it adopts artificial intelligence to bring a… Read More

Update: PALLITE to Close Latest Crowdcube Round With More Than £1.3 Million Secured

UK-based environmentally-friendly product designer and manufacturer PALLITE is set to close its latest equity crowdfunding campaign on Crowdcube with more than £1.3 million raised. The funding round, which has attracted 1100 Crowdcube investors, made its debut earlier this month. Just a little over a year after… Read More

National Payments Corporation of India to Issue its Equity Shares to Fintechs and Payment System Providers

The National Payments Corporation of India (NPCI), an umbrella organization for handling retail payments and settlement systems in India, has decided to issue an additional 4.63% of its equity shares to 19 new investors. These investors now also include Fintech firms and payment system providers…. Read More

Copenhagen’s Danske Bank has Laid Off 257 Workers as it Adapts to Structural Changes in Financial Sector

Copenhagen-based Danske Bank (CPH: DANSKE), a major retail bank with more than 5 million retail customers, recently laid off 257 workers and finalized voluntary redundancy terms with another 261 employees as part of the banking service provider’s 2-year strategic overhaul of operations. The recently announced… Read More

SPAC: 10X Capital Venture Acquisition Trades on NASDAQ

10X Capital Venture Acquisition Corp (Nasdaq: VCVCU) has closed its initial public offering of 17,500,000 units at $10 per unit generating gross proceeds of $175,000,000. The units are trading under the ticker on Nasdaq as of November 24, 2020. Each unit consists of one share… Read More

TransferWise Competitor PagoFX from Santander Bank to Provide Cross-Border Payments Services in Belgium

Banco Santander S.A. (Santander Group) (BME:SAN), the world’s 16th-largest banking institution and financial services company based in Madrid, introduced PagoFX, its international payments application for UK customers, in April 2020. Santander’s TransferWise competitor PagoFX is now set to expand its coverage into Belgium. There will… Read More

Waves Protocol Team Partners MADANA to Leverage Benefits of Confidential Computing when Working with Blockchain Oracles

The developers of the Waves protocol and MADANA are teaming up so that they can leverage the benefits of “confidential” computing when working with blockchain or distributed ledger technology (DLT)-based Oracles and while engaging in inter-chain communication. Through the partnership, Waves and MADANA have agreed… Read More

Digital Finance Provider LendInvest Recognized as BTL Lender of the Year

LendInvest, a property finance platform, has been recognized as the BTL [Buy to Let] Lender of the Year at the 2020 National Association of Commercial Finance Brokers (NACFB) awards for the second year in a row. The NACFB is the UK’s trade body for commercial… Read More

BTCPay Server Expands its Ability to Bring Bitcoin’s Values to Digital Commerce with Shopify Integration

BTCPay Server, a self-hosted, open-source digital currency payment processor that claims to be secure, private, “censorship-resistant” and free to use, recently expanded its ability to bring Bitcoin’s (BTC) values to global digital commerce with a Shopify integration The BTCPay Server team, which is one of… Read More

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