JD Alois

$34.5 Billion in Fintech Deals During 2019, a Dip in Number of Deals from Year Prior but Deals Get Supersized

In 2019, there were $34.5 billion in 1,913 Fintech deals around the world a decline of 15% versus 2018 – a year that benefited from Ant Financial’s huge $14 billion deal.  If you choose to ignore Ant, part of Alibaba, then 2019 would be a… Read More

Bad Day: Drug Dealer Loses £46 Million in Bitcoin When Landlord Sends Contents of Flat to the Dump

An Irish drug dealer arrested with €2000 worth of Cannabis in his car has apparently lost £46 million in Bitcoin after being sentenced to 5 years in the slammer. Pretty bloody stupid if the story is accurate. According to the Guardian, the perp in question,… Read More

Morocco Pursues Crowdfunding Legislation: Report

Morocco has adopted a bill to create a legal framework for crowdfunding according to a report on Media24. The legislation is designed to: “… contribute to the mobilization of new sources of funding for the benefit of very small, small and medium-sized enterprises and young people… Read More

Centre of Finance, Technology and Entrepreneurship Sees Fintech Courses Accredited by Corporate Treasurers in the UK

The Centre of Finance, Technology and Entrepreneurship (CFTE) has announced that three courses—AI in Finance, Fintech Foundation and “Extrapreneurship” are now accredited by the Association of Corporate Treasurers (ACT). AI in Finance and Fintech Foundations’ syllabuses will jointly focus on current developments in Artificial Intelligence… Read More

Bucking the Tide: Shopify Joins Libra Consortium

In a release today, Shopify announced that it had joined the Libra Association, the entity in charge of launching Facebook’s proposed non-sovereign digital currency. Shopify appears to have ignored the trend where multiple members have exited the consortium as it has become more apparent that… Read More

Fintech LendInvest Funds £12 Million Property Development

LendInvest, a property finance platform, has funded a £12 million loan for a development by a repeat LendInvest borrower. LendInvest reports that the loan was funded in under 8 weeks. The borrower first became a client of LendInvest in 2017 and has now completed a… Read More

Crypto Lending Network Celsius Reports Quarterly Growth, $730 Million in Deposits and Collateral

Crypto lending network Celsius has posted a release about platform growth. Launched in 2017, Celsius now claims 75,000 users worldwide. According to the company, it currently holds $730 million in deposits and collateral from loans under management. This is an increase of 62% from $450… Read More

Telegram ICO: A Two-Phase Offering Does Not Inoculate an ICO from Federal Securities Law

As we have previously reported, Telegram is engaged in a legal battle with the Securities and Exchange Commission (SEC) in what may be the biggest SEC cryptocurrency case yet.  One the one side, you have Telegram that raised over a billion dollars from a digital… Read More

OurCrowd Plans Retail Funds with Private Securities in Partnership with Stifel

In October 2019, OurCrowd, one of the leading securities crowdfunding platforms in the world, announced a new partnership with Stifel Financial Corp. (NYSE: SF). Simultaneously, it was announced that Stifel was taking a minority stake in the global investment platform. In its brief history, OurCrowd… Read More

First! Paxos is Now Settling Securities Using Blockchain, First Customers are Credit Suisse and Instinet

In a first for the blockchain industry, Paxos Trust Company, a New York-regulated financial institution has launched the Paxos Settlement Service. According to a note from the firm, the service can now settle select U.S. listed equity trades between broker-dealers Credit Suisse and Instinet, LLC…. Read More

Morgan Stanley to Buy ETrade for $13 Billion

Morgan Stanley (NYSE:MS), one of the most storied investment banks on Wall Street, will purchase retail online brokerage ETrade (NASDAQ:ETFC) for $13 billion. Under the terms of the agreement, ETrade shareholders will receive 1.0432 Morgan Stanley shares for each ETrade share, which represents per share… Read More

CrowdStreet Tops $1 Billion in Real Estate Crowdfunding

CrowdStreet, a top real estate investment marketplace, has topped $1 billion in direct equity investment from individual (accredited) investors. The company provides access to real estate investments in commercial property. CrowdStreet CEO Tore C. Steen called crossing the one billion mark a significant milestone for… Read More

ICO Issuer Enigma MPC Settles with the SEC, Will Return Money to Investors,

Enigma MPC, formerly known as Newton Security Labs, has settled charges leveled by the Enforcement Division of the Securities and Exchange Commission regarding an initial coin offering (ICO). The SEC had accused Enigma of conducting an unregistered securities offering. Enigma raised $45 million by selling… Read More

Open for Trading: Openfinance Lists LDCC Token from Lottery.com

Openfinance, a registered alternative trading system (ATS) that is trading marketplace for digital assets, has announced the listing of Lottery.com‘s LDCC token. The digital asset is available for all US investors – not just accredited individuals. LDCC is the security token offered by Lottery.com. The… Read More

Coinbase Becomes First Pure-Play Crypto Company to be Approved as a Visa Principal Member

Coinbase,  a leading digital asset marketplace, has become the “first pure-play crypto company to be approved as a Visa principal member,” according to a blog post. By becoming a principal member, Coinbase will be able to offer additional services. Principal members may also act as… Read More

Bitcoin Exchange Coinfloor Targets Retail Consumers in Push to Promote Crypto to Wider Audience

Coinfloor, the “UK’s longest-running Bitcoin exchange,” is targeting retail customers with a new push into consumer-focused trading and investing. In a release, the company said it wanted to make “Bitcoin buying boring” and banish the “Coin BS”. Coinfloor added that it will launch a range… Read More

Mike Bloomberg’s Presidential Platform Includes Crypto and Fintech Sandbox

Mike Bloomberg, the former Mayor of New York City, a successful entrepreneur and a latecomer to the Democrat Presidential Primary, has included cryptocurrencies and Fintech as part of his financial reform platform. According to his campaign website Bloomberg plans to: “promote healthy competition in financial… Read More

A New Era in Fintech? LendingClub Reports Profitable Q4, Announces Acquisition of Digital Bank – Radius

LendingClub (NYSE:LC), the largest online lending marketplace in the United States, has simultaneously announced a GAAP profitable Q4 while revealing it has purchased a federally chartered bank, Radius Bank, thus immediately vaulting the Fintech into the hot digital banking realm. According to a release distributed… Read More

Investment in Fintechs Hits All Time High in 2019 but Drastic Drop in New Fintechs Founded: Report

Last week, Deloitte published an update on investment activity in the Fintech sector. In brief, the good news is that Fintech investments were at an all time high in 2019. The bad news shared by the report that the number of new Fintechs founded experienced… Read More

Fintech AI Firm MaxDecisions Hires Bernard Guerrero

MaxDecisions, a Fintech A.I. and machine learning analytics company, has hired Bernard Guerrero as Vice President of Decision Sciences to further expand analytical products and offerings. MaxDecisions is an analytical company utilizing the power of machine learning and artificial intelligence software to assist specialty financing… Read More

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