JD Alois

Insurtech: ZhongAn Partners with Grab to Create Joint Venture to Establish Digital Insurance Marketplace in Asia

ZhongAn Online P&C Insurance Co., Ltd. (HKEX stock code: 6060), the first internet-based insurer in China, has partnered with Grab Holdings – an “online to offline” mobile platform serving Southeast Asia. The two firms have formed a joint venture to create and launch a “digital… Read More

Report: Wefunder Raises $1.7 Million in Series A Funding from Germany based Investor

Last week, it was picked up by Crunchbase that Wefunder, a Reg CF crowdfunding portal, has closed on a $1.7 million Series A funding round. Depending exactly how you measure it, Wefunder is a top portal providing access to capital for mainly smaller firms. Wefunder… Read More

St. Louis Fed Says Flood of Altcoins Competing with Bitcoin Likely to Place Significant Downward Pressure on All Cryptocurrencies

A few days ago the St. Louis Federal Reserve entered the debate regarding crypto and specifically, the price of Bitcoin. In brief, the Fed is not very impressed. “Whither Bitcoin” asserts that the future price path is more likely to remain bounded between these two… Read More

Enforcement Never Rests: SEC Announces Charges in the Edgar Hacking Case

Even while much of the Securities and Exchange Commission (SEC) is on furlough due to the US government shutdown, today the SEC announced charges against nine defendants for participating a hack into the SEC’s EDGAR system – the database that hosts all mandated securities filings…. Read More

Apple Pay Streamlines Money Transfers to TD Ameritrade

Brokerage TD Ameritrade has partnered up with Apple (NASDAQ:APPL) to provide a streamlined money transfer. As of today, individual investors may instantly transfer funds to their brokerage account via Apple Pay and Apple Business Chat using iMessages. In a release, TD Ameritrade explained that historically… Read More

SoFi Offering Bank Like Services, But it is Still Not a Bank

The definition of traditional banking continues to crumble as SoFi continues to extend invitations to their new bank-like service. Finally, I have received an email saying the wait is over. SoFi, a Fintech that started out as a student loan provider, has since morphed and… Read More

Property Partner Receives First Multilateral Trading Facility License, Reports Over £30 Million in Equity Traded on its Secondary Marketplace

Liquidity is a frequently discussed topic regarding both un-listed early stage firms and other traditionally illiquid assets. Property Partner, a real estate crowdfunding platform, appears to have provided an effective solution for individuals investing in property assets on their platform. Property Partner is reporting that as… Read More

Denmark: Tax Agency to Require Danish Crypto Exchanges to Provide Customer Details on Trading

The Danish Tax Agency has been authorized to obtain information on trading in cryptocurrencies via three separate crypto exchanges operating in Denmark. This will mark the first time the information is being made available to the tax authorities which seek to review trading data on crypto beginning on January 1, 2016, up to December 31, 2018. Skattestyrelsen har fået tilladelse… Read More

Report: Are ‘Smart Security Offerings’ the Evolution of Capital Formation?

Just published today is a presentation created by Ownera, NovaBlock Capital, and the Security Token Summit that outlines the evolution of capital formation with Security Token Offerings (STOs) or “Smart Security Offerings” being the most evolved iteration to date. While the initial coin offering (ICO)… Read More

Monetary Authority of Singapore Subsidizes New Equity Listings with S$75 Million Grant

Seeking to boost their prominence as an equity financing hub in Asia, the Monetary Authority of Singapore (MAS) has announced a grant of S$75 million to help businesses raise funding via the Singapore equity market. Singapore is one of the most business-friendly jurisdictions in the… Read More

TrustToken to Offer New Features to Exchanges: AutoSweep Allows Settlement in Stablecoin TrueUSD Minus Gas Fees

Stablecoin TrustToken has announced a new feature they say will enable exchanges to easily manage millions of unique user addresses. Labeled AutoSweep, the smart contract for TrueUSD allows exchanges to give each client a unique TUSD deposit address that automatically settles into the exchange’s primary… Read More

OurCrowd Signs Partnership Agreement with South Korea’s Hana Bank to Support Innovation Ecosystem

The global leader in equity crowdfunding, OurCrowd, has signed a new investment partnership agreement with South Korea’s KEB Hana Bank. The move by OurCrowd is further indication of its growing relationship with institutional investors and its significant foothold in Asia. In a release, OurCrowd said… Read More

Nespresso for Water: After $10.6 Million Seed Round, Germany based Mitte Crowdfunds on Republic

Mitte, a new spin in the home beverage space that is like a Nespresso product but for water, is crowdfunding on Republic. The Berlin-based company is raising debt capital using a “Crowd SDA” [Crowd Simple Debt Agreement] seeking up to $100,000. Mitte previously ran rewards/e-commerce campaigns that have yet to… Read More

New VC Fund from Indico Capital Partners to Target Fintech and More

Indico Capital Partners has launched a new venture capital fund. According to a release from the group, the Lisbon based fund has raised €41 million from global LPs calling it the first major Lisbon based fund. The fund aims to identify and invest in the “most… Read More

Huobi Seeks to Challenge Entrenched US Digital Asset Marketplaces with HBUS Rebranding but No Plans for Security Tokens Now

US Marketplace HBUS Rebrands to Huobi Matching Asian Platform HBUS, the US strategic partner of digital asset platform Huobi Group, has rebranded its retail trading marketplace to Huobi thus matching the Asian platform. The flagship operation Huobi Global will continue to operate under the same… Read More

Perkins Coie Boosts Blockchain Bench with Addition of John Delaney as a Partner

Perkins Coie has added to its tech and blockchain team with the addition of John Delaney as a partner in the New York City office. Delaney joins the firm’s Technology Transactions & Privacy (TTP) practice. Perkins Coie said Delany is the fifth lateral to join… Read More

A Closer Look at the US Alternative Finance Market

Last month, the Cambridge Centre for Alternative Finance (CCAF) published their annual report on alternative finance covering the Americas. “Reaching New Heights” covered online alternative finance data in North, South, and Central America as well as the Caribbean. CI wrote about the report when it first came… Read More

SlowMist Says ETC Attacker Can Now Be Identified, if Exchanges Help Out

Earlier this week, CI reported on a 51% attack / double spend attempt that was halted by Coinbase. The crypto exchange was not the only target in the attempted hack. The attack utilized Ethereum Classic (ETC) as the vehicle to steal funds. Security firm SlowMist… Read More

Bondora Reports New Record Month of Loan Originations in December

Peer to peer lender Bondora is reporting a new record month of loan originations to end the year. According to an email from the online lender, December loan originations topped €8 million for the first time landing at €8.5 million. This a 7% increase over their prior… Read More

FCA Licensed e-Money Platform Wirex Partners with Waves

Wirex, a UK Financial Conduct Authority (FCA) – licensed digital money platform, has partnered with Waves to offer their token. Wirex offers conversion between fiat currency and crypto. Wirex is a payment platform that offers five cryptocurrency wallets – BTC, ETH, XRP, LTC, and now WAVES,… Read More

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