December 21, 2020 @ 11:21 am By JD Alois  |  

  Last month Republic, a leading investment platform and crowdfunding marketplace, announced it had acquired the assets of NextSeed small business investment platform for an undisclosed amount. NextSeed co-founder and CEO Youngro Lee became Chief Operating Officer of Republic while remaining CEO of NextSeed Securities… Read More

December 21, 2020 @ 8:51 am By JD Alois  |  

Ledger, a crypto wallet provider based in Paris, France, has apparently experienced a security breach according to a tweet from the company. Ledger stated yesterday that they have been alerted to the dump of a customer database on Raidforum. The company said that it is… Read More

December 20, 2020 @ 4:27 pm By JD Alois  |  

StartEngine, a leading securities crowdfunding platform, has published annual performance numbers for 2020. According to the platform, issuers raised $137,940,987 on StartEngine during 2020, an increase of 215% versus the year prior. This brings the total raised since the platform launched to over $250 million…. Read More

December 18, 2020 @ 2:01 pm By JD Alois  |  

Apple Pay seems to be helping investors purchase Bitcoin, at least according to Lumi Wallet. The company reports that one week after launching with Apple Pay, Lumi Wallet saw a 209% growth of in-wallet Bitcoin purchases. Lumi believes this is due to a simpler crypto… Read More

December 18, 2020 @ 1:53 pm By JD Alois  |  

SPACs are hot. We all know that. And now one of OurCrowd’s portfolio companies is going public via a $1.4 billion SPAC. Innoviz, a LiDar startup in the autonomous vehicle tech sector, saw the company acquired in a SPAC deal this past week. Omer Keilaf,… Read More

December 18, 2020 @ 1:30 pm By JD Alois  |  

CoinDeal says it is now the first company to have obtained a Class 4 Virtual Financial Assets (VFA) Licence in Principle Approval from the Malta Financial Services Authority (MFSA). The exchange reports that it has just received a letter on 16 December 2020. CoinDeal explains… Read More

December 18, 2020 @ 12:00 pm By JD Alois  |  

Liberty Equity Management LLC has chosen Stonegate Global Fund Services in partnership with Securitize to provide tokenization services for the World’s First Net Lease Security Token FundTM. Michael Flight, CEO of Liberty Real Estate Fund, said they had vetted numerous fund administration and digitization service… Read More

December 18, 2020 @ 11:46 am By JD Alois  |  

The Securities and Exchange Commission (SEC), Office of the Advocate for Small Business Capital Formation (OASB), has published its annual report and there is plenty of interesting information included in the document. The OASB is a relatively new entity having been mandated by Congress in… Read More

December 18, 2020 @ 10:16 am By JD Alois  |  

The British Business Bank has published Future Fund data on the 971 companies that have been approved for £975.5 million worth of Convertible Loan Agreements since launch last May. The Future Fund is designed to support early-stage ventures that typically do not have the capacity… Read More

December 17, 2020 @ 5:40 pm By JD Alois  |  

In a sign of growing integration within the traditional fiat currency ecosystem, Coinbase Commerce has added crypto invoicing to its stack of services for businesses. Coinbase Commerce is a separate platform from the trading sites where merchants anywhere in the world may accept cryptocurrency as… Read More

December 17, 2020 @ 5:27 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has published a Digital Assets Primer to provide information to the public about emerging concepts in digital assets. The document is said to be part of a series by LabCFTC, a relatively new division at the Commission that focuses… Read More

December 17, 2020 @ 3:25 pm By JD Alois  |  

Coinbase, the leading cryptocurrency exchange in the US, has filed an S-1 registration statement with the Securities and Exchange Commission (SEC) indicating its intent to pursue an initial public offering (IPO). The news was posted on the Coinbase website stating the filing, which would include… Read More

December 17, 2020 @ 11:44 am By JD Alois  |  

The break up of the once high-flying Fintech Wirecard continues as the insolvency administrator has announced that Wirecard Solutions South Africa has been acquired by Adumo RF Pty Ltd,  subject to approval by the local regulatory authorities. Today’s announcement follows similar announcements of the various… Read More

December 17, 2020 @ 11:07 am By JD Alois  |  

UK Chancellor of the Exchequer Rishi Sunak has extended the government-guaranteed Covid-19 business loan schemes until the end of March. The announcement was joined by confirmation that the furlough scheme has been extended until the end of April 2021. The Chancellor said: “Our package of… Read More

December 17, 2020 @ 10:40 am By JD Alois  |  

The World Economic Forum (WEF), Global Future Council on Cryptocurrencies, has published its inaugural report on digital assets entitled, Crypto, What Is It Good For? An Overview of Cryptocurrency Use Cases.  The report explains: “While much has been written about blockchain technology, there is little… Read More

December 17, 2020 @ 9:12 am By JD Alois  |  

The same week that Robinhood took a broadside hit by the state of Massachusetts securities regulator, the digital investment platform has now been charged by the Securities and Exchange Commission (SEC) with misleading customers on how it generates revenue. Robinhood strategically settled the charges with… Read More

December 17, 2020 @ 9:00 am By JD Alois  |  

N26, a Germany based Fintech, says it plans another funding round before a possible initial public offering (IPO) in 2023 at the earliest, according to a report. As well, the digital bank is predicting break even at some point in 2021 as it seeks to… Read More

December 16, 2020 @ 5:54 pm By JD Alois  |  

Last week during LendIt Fintech’s LatAm virtual event, David Velez, founder and CEO Nubank, took to the screen to share some of his experiences in launching a digital bank in Latin America that has now emerged as a hugely successful Fintech. In 2013 following years… Read More

December 16, 2020 @ 2:34 pm By JD Alois  |  

Republic, a leading securities crowdfunding platform and investment ecosystem, has announced the release of a long-awaited iOS app available for iPhone users. The Fintech called the release a “miracle” noting an iOS app has been requested for about four years.   1/ It’s a Christmas… Read More

December 16, 2020 @ 2:09 pm By JD Alois  |  

Germany has legalized securities managed via blockchain technology, according to a statement by the German government. Enabling digital securities is part of a broader strategy in enabling new technology. The Federal Cabinet has approved the draft law on the introduction of electronic securities that was… Read More