JD Alois

SyndicateRoom Publishes Growth Funders Report: Investors in Early-Stage Equities Have Experienced a 7th Consecutive Year of 30% Growth

SyndicateRoom, one of the leading UK equity crowdfunding platforms, has published research that indicates investors in early-stage equities have enjoyed a seventh consecutive year of 30% growth. Conducted in partnership with Beauhurst, this is the second piece of in-depth analysis of the financial performance of early-stage… Read More

LendingClub Q4 Results: Revenue & Loan Originations Increase, Shares Dip After Hours

LendingClub (NYSE: LC), the largest marketplace lending platform in the US, announced financial results for the fourth quarter and full year ended December 31, 2017. Simultaneously, LendingClub announced that it has successfully reached a preliminary settlement of class action lawsuits filed in federal and California state… Read More

German Financial Regulator BAFIN Publishes Note on ICOs as Financial Instruments

Germany’s BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht), or the Federal Financial Supervisory Authority, is the largest financial supervisory authority in continetal Europe. Today, BaFin has published a note on initial coin offerings (ICOs). BaFin joins a growing number of national regulatory agencies that have published some degree of clarifications… Read More

Moving Forward with Regtech: FCA Calls for Input to Achieve Smarter Regulatory Reporting

The UK Financial Conduct Authority (FCA) has published a call for input as to how technology can make things easier for firms to meet their regulatory reporting requirements. Incorporating Regtech can also streamline the process for the regulator while improving the overall quality of the… Read More

Finnest Expands Online Financing to Larger Corporations, Adds Institutional Investors

Debt based crowdinvesting platform Finnest is expanding its offering to large corporates and institutional investors. Finnest is an interesting online lender operating in the DACH countries. The peer to peer platform was launched to provide SME funding supported by individual investors but the company is… Read More

Wyoming House of Representatives Passes Bill that Defines Tokens Neither as Money Nor a Security. Will Other States Follow?

The Wyoming House of Representatives passed legislation today, HB 0070, by a unanimous vote that defines certain Blockchain tokens neither as a security nor as money. The attempt appears to be to create a definition of a utility token that is not regulated as a… Read More

Sagewise Pitches Dispute Digital Resolution Protocol for Blockchain Based Smart Contracts

Ethereum (and Solidity for that matter) are far from perfect. While lauded for the ability to create smart contracts that are “immutable”, when something goes wrong and money disappears with no recourse, immutability may be the number one problem. Right? Ethereum is pretty cool, but… Read More

KPMG: Strong Close for Fintech Deals in Q4 of 2017 as $31 Billion Invested During the Year

Last week, KPMG published its quarterly report on Fintech deals stating global investment in innovative finance hit $8.7 billion during the quarter. For the year, 2017 was said to have established the third highest total, at $31 billion, invested in Fintech for the decade. KPMG… Read More

CEO of Cryptocurrency Exchange Bity Calls Switzerland’s Regulatory Approach to ICOs the New World Standard

There has been quite a bit of discussion regarding how to best regulate initial coin offerings while encouraging innovation. While China took an extreme approach by just banning ICOs, most countries recognize ICOs as a new asset class that requires regulation. Some countries, like the… Read More

Telegram’s ICO Raises $850 Million (So Far) According to Form D Filed with SEC

Telegram or “TON Issuer Inc,” (TON = Telegram Open Network) has filed a Form D with the Securities and Exchange Commission indicating Telegram has raised $850 million making it the largest initial coin offering ever. The date of the first sale was on January 29,… Read More

COSIMO Ventures Backs Irish Blockchain / Cryptocurrency Venture Oneiro with $3 Million Seed Funding

COSIMO Ventures, a VC firm with offices in Boston and Dublin, has announced a $3 million seed investment in Oneiro Ltd., a developer of technology innovations in Blockchain and cryptocurrency. The investment is being described as one of the largest for a cryptocurrency company established… Read More

US CFTC Furthers its Innovation Credibility by Signing Agreement with UK FCA to Boost Fintech Development

The UK Financial Conduct Authority (FCA) and the US Commodity Futures Trading Commission (CFTC) have signed a formal agreement that commits the two regulatory agencies to work together to support Fintech. This is the first such agreement for the CFTC and just one of many… Read More

Cryptocurrency Market Structure: Crypto-Assets Represent a Truly Global Asset Class

Last week on Valentines Day, the Commodity Futures Trading Commission (CFTC) held a meeting of the Technology Advisory Committee (TAC). There were several interesting presentations and good discussions regarding the emerging cryptocurrency market. One of the discussions was by Richard Gorelick, Head of Market Structure… Read More

PeerIQ and Cross River Bank Form Data Partnership

PeerIQ, a leading data and analytics platform operating in the online lending sector, has formed a new partnership with Cross River Bank. The news was disseminated in a press release on Friday. The objective of the partnership is to boost the relationship between small bank… Read More

Ethereum Community Fund Will Back Promising Blockchain Based Projects with Permanent Endowment

The Ethereum Community Fund (ECF)  was launched this week backed by some of the biggest names in Blockchain and crypto startups. The list of founders include Vitalik Buterin, the godfather of Ethereum.  The other founders include: Jae Kwon – Co-creator of Tendermint and Co-founder of Cosmos Julian Zawistowski… Read More

StartEngine Index: Slow January follows Robust December as Reg CF Tops $90 Million

StartEngine, one of the largest investment crowdfunding platforms in the US, produces a monthly index focusing on Reg CF – the smallest of the three crowdfunding exemptions. The snapshot is an interesting perspective on sector progress. The most recent Index, published last week, indicates $90.7… Read More

Fundrise Reports 2017 Performance. Total Return for the Year Stands at 11.44%

Fundrise, a leading online real estate investment platform, has just sent out an email sharing their 2017 aggregate performance. In brief, this is what Fundrise reported; “In 2017, Fundrise investments earned an 11.44%* total return on investment, including over $16 million in dividends paid out… Read More

Swiss Financial Market Supervisory Authority Issues ICO Guidance

The Swiss Financial Market Supervisory Authority (FINMA) has published guidelines on initial coin offerings (ICOs). Switzerland, as many people know, is a hot bed of ICOs and cryptocurrency in general. Switzerland has recognized the newfound prominence in this sector of Fintech and has sought to… Read More

SEC Halts Trading in Three Companies Claiming Cryptocurrency, Blockchain Affiliations & Possible ICO

The Securities and Exchange Commission (SEC) is once again taking action against companies that make specious claims regarding cryptocurrency and Blockchain involvement. The SEC has halted trading in Cherubim Interests Inc. (OTCPink:CHIT), PDX Partners Inc. (OTCPink:PDXP), and Victura Construction Group Inc. (OTCPing:VICT). The halt was… Read More

Australian Online Lender Prospa Ranks #1 in List of High Growth Firms in Asia Pacific

Prospa, a Sydney based online lender servicing the SME market, has received a nice recognition as it took the top spot for a high growth firm in Asia Pacific. According to a recent ranking of the top 1000 firms in Asia-Pacific by the FT, Prospa… Read More