October 21, 2020 @ 11:04 am By JD Alois  |  

 tZERO, a blockchain-focused subsidiary of Overstock.com (NASDAQ:OSTK), has announced the launch of its broker-dealer subsidiary that can service retail investors. tZERO Markets offers an online brokerage service that also facilitates the trading of digital assets via tZERO ATS. The digital securities currently available for trading… Read More

October 21, 2020 @ 9:39 am By JD Alois  |  

  PayPal (NASDAQ:PYPL) has partnered with Paxos to allow users to buy, hold, sell crypto, and pay in crypto by using the PayPal wallet in a new partnership with Paxos. The decision to incorporate digital assets is another sign of corporate acceptance of digital currency…. Read More

October 21, 2020 @ 8:56 am By JD Alois  |  

Earlier this month, the UK Financial Conduct Authority (FCA) announced a ban on the sale of crypto derivatives and exchange-traded notes (ETNs) that reference cryptoassets for retail investors. The ban is scheduled to go into effect on January 6, 2021. Many cryptoasset insiders have criticized… Read More

October 21, 2020 @ 8:28 am By JD Alois  |  

Crowdcube, the largest investment crowdfunding platform by volume in the UK, is reporting strong Q3 revenues, according to a blog post. Crowdcube said that as the COVID-19 health crisis lingers is marketplace continues to deliver solid results. In Q3, Crowdcube generated top-line revenue of £2.67… Read More

October 20, 2020 @ 10:03 pm By JD Alois  |  

While finance may be the first killer app for blockchain, the technology has spawned many other concepts pertaining to decentralization. The IOUR Foundation is seeking to utilize blockchain to re-think and redefine the internet. In brief, IOUR wants to merge TCP/IP and blockchain, launching a… Read More

October 20, 2020 @ 9:16 pm By JD Alois  |  

The long saga of Kik Interactive’s battle with the Securities and Exchange Commission appears to finally be at an end. A document filed in US District Court today indicates that both sides have come to an agreement on a settlement with a $5 million penalty…. Read More

October 20, 2020 @ 8:29 pm By JD Alois  |  

The Financial Crimes Enforcement Network (FinCEN) has targeted Larry Dean Harmon, of Akron, Ohio, the founder of Helix and Coin Ninja in a first enforcement action targeting a crypto mixer. In a release, FinCEN said Harmon and his operations were assessed a $60 million civil… Read More

October 20, 2020 @ 3:28 pm By JD Alois  |  

Sō.Capital has announced TheSō.Co, described as a new type of crowdfunding platform that seeks to help founders “broadcast their capital raising stories.” The platform says it brings together over 50,000 capital raising campaigns from over 30 crowdfunding sites worldwide. Simultaneously, Sō.Capital has announced a partnership… Read More

October 20, 2020 @ 1:00 pm By JD Alois  |  

​Vouch Insurance​, a business Insurtech platform for startups, has expanded its coverage into New York, according to a release. Vouch notes that in New York there are over 9,000 startups valued at $147 billion. The New York expansion marks a major milestone in Vouch’s growth,… Read More

October 20, 2020 @ 11:51 am By JD Alois  |  

Following the recent news that digital bank Revolut will pursue a bank charter in California, Current has announced it has no intent on doing the same stating they are a “Fintech and not a bank.” Current, a Fintech that offers banking services in partnership with… Read More

October 20, 2020 @ 10:25 am By JD Alois  |  

There is a bit of a Twitter fight going on between Protocol Labs CEO, Juan Benet, creator of Filecoin, and Justin Sun – the creator of TRON, and the owner of BitTorrent. Last week, Sun posed the question as to whether Filecoin (FIL) was an… Read More

October 20, 2020 @ 8:09 am By JD Alois  |  

The Future Fund is a COVID support program for early-stage firms. The Fund provides access to capital to younger firms that do not qualify for other COVID support schemes. In brief, it is a matching program with the UK government will invest in convertible securities… Read More

October 20, 2020 @ 7:35 am By JD Alois  |  

Shield, a UK based Regtech, has launched a solution that is said to combine its Insider Trading and Information Handling feature to provide greater monitoring of employees. The Shield “INSIDERS” is described as using AI, to provide a highly accurate integrated approach to monitor all… Read More

October 20, 2020 @ 2:22 am By JD Alois  |  

The Association of German Lending Platforms (VdK), a group representing digital debt financing, has added five new members. According to a release, finpair, NetBid Finance, Exaloan, d-fine and SWK Bank, have all joined the association now making 18 members in total. The new members include… Read More

October 20, 2020 @ 1:49 am By JD Alois  |  

Zinsbaustein.de, a real estate crowdfunding marketplace, is expanding its model by offering a new real estate fund. In partnership with Primus Valor, the platform is offering an alternative investment fund (AIF), “ImmoChance Deutschland 10 Renovation Plus” (ICD 10 R +) that is said to focus… Read More

October 19, 2020 @ 8:51 pm By JD Alois  |  

Singapore based Proptech Propseller has raised a S$1.7 million (USD $1.2m) seed round, according to a note from the company. Propseller is described as the “modern real estate agency” that facilitates sales, purchases and property rentals. Propseller reports that it is currently transacting around S$… Read More

October 19, 2020 @ 6:57 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) issued a litigation release today alleging charges of microcap fraud that involved an attorney prominent in the US crowdfunding sector. According to the SEC complaint, Jillian Sidoti, affiliated with the law firm known as CrowdfundingLawyers.net, facilitated alleged fraudulent dumping… Read More

October 19, 2020 @ 6:36 pm By JD Alois  |  

Earlier this month, the European Union approved new crowdfunding rules, including a €5 million funding cap, that will apply to all member states finally creating a pan-European approach to online capital formation. Currently, the securities crowdfunding market in Europe struggles under bespoke national rules that… Read More

October 19, 2020 @ 3:40 pm By JD Alois  |  

The United States has one of the most fragmented regulatory environments for financial services in the world. Frequently, a financial service provider will need to adhere to both state and federal rules along with an alphabet soup list of regulators. While the current leadership of… Read More

October 19, 2020 @ 1:19 pm By JD Alois  |  

Hedera Hashgraph, an enterprise-grade blockchain platform, has announced a partnership with Onchain to provide custody services in Asia. Onchain will be providing custody for Hedera’s native digital asset HBAR. Holders of HBAR will have the option to secure their HBAR tokens with Onchain’s SAFE digital… Read More