May 24, 2019 @ 12:31 pm By JD Alois  |  

At one time, Loot had all the appearances of a promising young Fintech. Launched in 2014, in January of this year, it was reported that the Royal Bank of Scotland (RBS) had taken a 25% stake in the startup as it prepared to launch a new… Read More

May 24, 2019 @ 9:19 am By JD Alois  |  

Long-embattled Prime Minister Theresa May has announced she will depart her office on June 7th thus initiating a scramble as to who will replace her in a historically important time for the UK. The ramifications of Brexit are profound and inestimable. But it is clear… Read More

May 24, 2019 @ 9:10 am By Samantha Hurst  |  

Gozney, a British manufacturer of professional wood and gas stone ovens, announced it is planning to launch an equity crowdfunding campaign on Crowdcube next month. The company reported it is seeking to raise £500,000 through the funding round in order to accelerate its expansion into… Read More

May 24, 2019 @ 8:14 am By Samantha Hurst  |  

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Friday it has expanded of its digital payment services within the Nordic retail market. Wirecard reported that thanks to its services, major retailers in the region, including Nymans Ur, Royal Design, Svenssons i Lammhult,… Read More

May 24, 2019 @ 8:03 am By Samantha Hurst  |  

U.S.-based fintech Zero Financial announced on Thursday it secured $20 million through its Series A financing round, which was led by New Enterprise Associates (NEA). The round brings the company total equity and debt funding to $35 million from top investors, such as NEA, SignalFire,… Read More

May 24, 2019 @ 3:28 am By JD Alois  |  

SoLo Funds, a peer-to-peer lending platform that provides access to small loans, reports that it is now available across the contiguous US. Travis Holoway, CEO and Co-founder of SoLo Funds, says there is no longer a need to go to a payday lender. “SoLo is… Read More

May 24, 2019 @ 2:23 am By Cali Haan  |  

The Central Bank of Laos’ Transaction System Management Department is reminding businesses and the public that the buying, selling and/or use of cryptocurrencies is banned in the country, English-language Laotian newspaper The Vientiane Times (VT) reports. The warning has reportedly been issued after the department noticed ads… Read More

May 23, 2019 @ 10:05 pm By Samantha Hurst  |  

HSBC announced on Wednesday it has opened its Global Data & Innovation Lab in Toronto, citing the city’s interest, investment and development of artificial intelligence (AI) and advanced machine learning. According to HSBC, the 3,376 square foot energy efficient lab will soon employ over 50… Read More

May 23, 2019 @ 9:58 pm By Samantha Hurst  |  

Canada-based fintech and global digital investing service, Wealthsimple announced on Wednesday it received a $100 million through its latest investment round, which was led by Allianz X, a digital investment unit of the Germany-based Allianz Group, a global insurer and asset manager.  Wealthsimple reported that… Read More

May 23, 2019 @ 9:35 pm By Samantha Hurst  |  

Telecommunications giant AT&T announced on Thursday it is now accepting cryptocurrency payments through global blockchain payments provider BitPay. AT&T claims it has become the first major U.S. mobile carrier to provide a cryptocurrency payment option to customers. As previously reported, BitPay’s platform gives businesses and… Read More

May 23, 2019 @ 8:39 pm By Cali Haan  |  

Former SEC Office of Internet Enforcement Chief John Reed Stark has used his latest blog post at LinkedIn (“The Bitcoin Plague Spreads to Retail”) to strongly advise American retailers not accept cryptocurrency payments: “Given its complete and utter lack of oversight and meaningful licensure, the… Read More

May 23, 2019 @ 6:16 pm By JD Alois  |  

Iconoclastic crypto-preneur Brock Peirce is taking advantage of new legislation enacted in Puerto Rico to help rebuild the island since Hurrican Maria hit it hard. Recently, the Governor of Puerto Rico Ricardo Rossello has signed into law a bill that creates Qualified Opportunity Zones (QOZ)…. Read More

May 23, 2019 @ 4:16 pm By JD Alois  |  

Matt Branton, CTO of Neutral and architect of Neutral Dollar – an aspiring stablecoin, has slammed stablecoin leader Tether in a statement. Neutral Dollar (NASD) is a stablecoin pegged to a basket of four other stablecoins (USDC, PAX, DAI, TUSD) which just recently went live…. Read More

May 23, 2019 @ 3:53 pm By Cali Haan  |  

The SEC has filed a civil suit against Daniel Pacheco, 45, of San Clemente, California, alleging he pervaded a cryptocurrency-based pyramid scheme called “IPro” that collected more than $26.5 million USD from investors: “The SEC’s complaint, filed Wednesday, alleges that from January 2017 through March… Read More

May 23, 2019 @ 3:48 pm By Samantha Hurst  |  

Less than two years after securing more than £1.3 million through its previous Crowdcube round, Money Dashboard was returned to the equity crowdfunding platform and has surpassed more than £2.1 million in funding. The funding round was launched, originally seeking £1.5 million, and has so… Read More

May 23, 2019 @ 2:51 pm By Samantha Hurst  |  

Robinhood announced on Thursday its Robinhood Crypto service has officially launched in New York. This news comes just six months after Robinhood announced that Robinhood Crypto received a virtual currency license, also known as the BitLicense, and a money transmitter license in the state. At… Read More

May 23, 2019 @ 2:06 pm By Cali Haan  |  

The US Securities and Exchange Commission (SEC) has once again delayed Van Eck/Solid X’s application (for a rule change) to sell shares for a Bitcoin-based exchange-traded fund (ETF) on the Cboe’s BZX exchange. The request for a rule change to enable the Van Eck Bitcoin… Read More

May 23, 2019 @ 11:51 am By JD Alois  |  

Tel Aviv University and  Moshe Hogeg have joined to launch the Hogeg Blockchain Research Institute. Hogeg is not without controversy having been the target of several lawsuits. Hogeg is the founder of Sirin Labs that raised a reported $158 million in an initial coin offering…. Read More

May 23, 2019 @ 11:31 am By JD Alois  |  

Aspiring Fintech Loot has shuttered its doors and gone into administration. According to a statement posted on their website, Loot has hired Henry Anthony Shinners and Adam Henry Stephens of Smith & Williamson LLP to handle the dissolution. The Royal Bank of Scotland (RBS) was… Read More