Private Equity Has Better Returns & Lower Volatility than Public Markets: Will the SEC Make it Easier for Retail Investors to Gain Access to this Asset Class?

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Earlier this week there was a meeting of the Securities and Exchange Commission’s (SEC) Small Business Capital Formation Advisory Committee. During the meeting, the Committee discussed the SEC’s Concept Release on regulatory harmonization and several topics specifically. First, was the subject of access to capital… Read More

Report: Paysend’s Analysis Reveals that Jordan Is the World’s Most Unequal Country for Financial Inclusion

A recent analysis performed by Paysend, a company that allows money transfers to any Visa, Mastercard, UnionPay cards and to regular bank accounts, has revealed the world’s top ten nations with the greatest gender divide for accessing modern financial services such as banking accounts and… Read More

OpenVASP Initiative: Consortium Expects to Coordinate Solution to Travel Rule with FATF

Earlier this year there was a good amount of debate and discussion regarding the Financial Action Task Force’s (FATF) move to apply traditional KYC/AML requirements to digital asset transactions.  As one would expect, FATF got what it wanted and now “virtual asset service providers” or… Read More

Montreal-based Artificial Intelligence Firm Stradigi AI Raises $40.3 Million via Series A Investment Round

Montreal-based Stradigi AI, a firm focused on developing artificial intelligence (AI)-powered solutions, revealed on November 12 that it had raised $53 million CAD (appr. $40.3 million) via a Series A investment round. The capital raised will be used to support the firm’s expansion into North… Read More

Regtech: AML and Counter-Terrorism Financing Firm Silent Eight Raises $6.2 Million via Series A Round

Silent Eight, a Singapore-based regulatory technology (Regtech) company, announced on November 14 that it had raised an oversubscribed $6.2 million through a Series A investment round. The funds raised will be used to recruit new talent in order to support Silent Eight’s new clients who… Read More

Final Judgement: VERI ICO Ordered to Pay $9.5 Million Penalty for Violation of Securities Law

The Securities and Exchange Commission (SEC) has announced the final judgment in regards to the Veri initial coin offering (ICO) which was deemed to be sales of unregistered securities. Veritaseum, Inc. and Veritaseum, LLC  along with Reginald Middleton have been ordered to pay a $9.5… Read More

Fintech Cashwagon Recognized as Fastest Growing Fintech Company

Cashwagon, a Fintech company, offering a range of consumer financial products to underbanked populations, has been recognized at the International Business Magazine Awards in Sri Lanka.  Cashwagon Sri Lanka received the Fastest Growing Fintech Company Award. Cashwagon has previously raised US$29 million in Seed Round… Read More

Crypto Leaders Propose Protocol to Comply with FATF Requirements on VASPs

In the midst of the Blockshow Asia Conference crypto industry representatives have announced a movement create an open protocol designed to comply with FATF  demands impacting VASPs or Virtual Asset Service Providers. According to a release, representatives of the Swiss-based Crypto Valley Association (CVA), International Digital… Read More

State Bank of Pakistan Announces New Digital Payments Adoption Strategy to Enable Greater Financial Inclusion, Especially for Women

The State Bank of Pakistan, the nation’s central bank, has announced the development of a new national digital payment systems strategy that is aimed at promoting financial inclusion, especially for women. Cash transactions dominate Pakistan’s $300+ billion economy, with most people receiving their salaries in… Read More

“Unknown Fund” Pledges $75 Million in Bitcoin for Development of Anonymizing Technologies, Including Cryptocurrencies

An anonymous group that met on 4Chan has announced it will contribute $75 million in Bitcoins to an “Unknown Fund” for the development of anonymizing technologies, including cryptocurrencies: “The anonymous organisation Unknown Fund has announced that it intends to invest and donate $75 million in… Read More

Bank of Georgia Introduces AI-Enhanced Retail Banking Platform, mBank, to Provide Improved Digital Banking Experience

The Bank of Georgia has introduced an artificial intelligence (AI)-enhanced retail banking platform, called mBank, in order to offer its clients an improved, innovative, and personalized online banking experience. mBank is a newly developed “smart’ personal finance management (PFM) software platform. It has been created… Read More


PayPal Stops Supporting Pornhub. Is This Crypto’s Seminal Moment?

Popular free pornography site PornHub has announced in a blog post that payments giant PayPal has stopped servicing payments to over 100 000 porn performers who sell extras through the site. According to PornHub: “We are all devastated by PayPal’s decision to stop payouts to… Read More

Coinbase Card Now Supports Five New Assets & Ten New Countries

Cryptocurrency exchange platform Coinbase announced on Thursday its Coinbase Card now supports five new assets and ten new countries. According to Coinbase, the card is now available in a total of 29 countries, with customers in Bulgaria, Croatia, Denmark, Hungary, Iceland, Liechtenstein, Norway, Poland, Romania,… Read More

Two Young SIM-Swap Hackers Charged in Massachusetts

Two young men from Massachusetts have been charged in an 11-count indictment for crimes relating to the theft of over $550,000 USD in cryptocurrencies from, “at least 10 identified victims.” Eric Meiggs, 21, and Declan Harrington, 20, allegedly executed the thefts via SIM-swap attacks, a… Read More

The International Securities Services Association Publishes Paper on Crypto-Assets, Makes Recommendations Regarding Issuance & Trading

The International Securities Services Association (ISSA), a Switzerland based association that promotes best practices in the securities sector, has added their voice to the emerging digital asset or crypto-asset sector. This includes security tokens, payment tokens (cryptocurrencies, stablecoins etc.) and utility tokens. In October 2018,… Read More

Holiday Gift Guide: Wefunder Shares List of Funded Companies that Offer Perfect Gifts

Wefunder is the largest Reg CF (Regulation Crowdfunding) portal in the US. While having completed Reg D offerings in the past and the occasional Reg A+ offering, Wefunder is mainly a CF portal. A Wefunder spokesperson recently shared the below comment with Crowdfund Insider: “Wefunder… Read More

AI-Enhanced Smart Savings App Plum Raises $3 Million via Latest Investment Round

Plum, an artificial intelligence (AI)-enhanced smart savings application, has raised around $3 million via its second investment round, bringing the company’s total funds raised to approximately $9.3 million. Plum recently introduced its new Android app, which extends the firm’s digital offering across Facebook Messenger and… Read More

Luxembourg House of Financial Technology and Centre for Finance, Technology and Entrepreneurship Launch a Digital Finance Academy

The Luxembourg House of Financial Technology (LHoFT), a dedicated Fintech center focused on promoting the development of innovative financial services, and the Centre for Finance, Technology and Entrepreneurship (CFTE) are establishing the Luxembourg Academy of Digital Finance. According to a release shared with CrowdFund Insider,… Read More

Danish Fintech Cardlay Receives $10 Million in Funding, Inks Partnership with Eurocard

Danish Fintech Cardlay has raised $10 million funding led by SEB Bank and Seed Capital along with existing investors. Simultaneously, Cardlay has announced a new partnership with Eurocard, the largest issuer of corporate cards in Scandinavia. Mads Krumhardt, CEO of SEB Kort Bank – the… Read More

Institutional Trading Service IPC Adds Cryptocurrency Feature in Partnership with ZoozBit: Create Your Own ETF

IPC, a secure trading and communications network for financial institutions, is adding a cryptocurrency platform through which IPC customers can create their own cryptocurrency Exchange-Traded Funds (ETFs). The new feature is via a partnership with ZoozBit. IPC has been anchored in the more traditional securities… Read More

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