September 2, 2020 @ 1:36 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has approved an Amended Order of Registration for LedgerX, LLC to clear additional products, subject to the terms and conditions specified in the order, as a derivatives clearing organization under the Commodity Exchange Act. LedgerX previously was approved to… Read More

September 2, 2020 @ 12:55 pm By JD Alois  |  

While TransUnion (NYSE:TRU) pursues a path of silence on the matter, yesterday’s outage is said to have been caused by a Distributed Denial of Service attack (DDOS) according to an industry insider. The TransUnion site is currently live and working fine as of this report…. Read More

September 2, 2020 @ 10:54 am By JD Alois  |  

Cash as a payment option continues to decline in popularity around the world due to the ongoing COVID-19 health crisis. It has long been known that cash can be a transport vehicle for germs and just very dirty in general. The Coronavirus has brought this… Read More

September 2, 2020 @ 10:34 am By JD Alois  |  

CrossTower, a digital asset exchange on a mission to mainstream digital asset trading and investing, has joined the Chamber of Digital Commerce. The Chamber is a leading voice in advocating on behalf of the emerging digital asset industry. CrossTower is founded by traditional financial services… Read More

September 2, 2020 @ 9:15 am By JD Alois  |  

Varo Money, Inc., the first consumer Fintech in the US to become a chartered national bank, is reporting that it has saved its customers over $100 million in overdraft fees in the past year. Varo Bank became a fully chartered bank last month after a… Read More

September 2, 2020 @ 8:35 am By JD Alois  |  

Largest Fintech Funding Round in Eurozone for 2020 auxmoney, a Germany based marketplace lender, has raised € 150 million led by Centerbridge. In a note from the Fintech, auxmoney stated that existing VCs, including Foundation Capital, Index Ventures, and Union Square Ventures remain fully invested…. Read More

September 1, 2020 @ 11:19 pm By JD Alois  |  

  The number of FINRA regulated funding portals continues to increase. Created by the JOBS Act of 2012, a “funding portal” is a bit like a broker-dealer light and may offer securities under Reg CF (Regulation Crowdfunding). While an approved broker-dealer may sell securities under… Read More

September 1, 2020 @ 6:44 pm By JD Alois  |  

Transunion (NYSE:TRU), a financial services data platform and credit report provider, struggled with an outage today. At the time of this writing, Transunion’s website would not load and company representatives were not responding to an inquiry regarding the outage. Transunion is perhaps best known for… Read More

September 1, 2020 @ 5:44 pm By JD Alois  |  

The Singapore Exchange (SGX) has completed a digital bond issuance in partnership with Temasek and HSBC. The security was issued via SGX’s digital asset issuance, depository, and servicing platform and is the first type of offering completed by the exchange. According to a note posted… Read More

September 1, 2020 @ 5:18 pm By JD Alois  |  

SPiCE VC has listed its digital security on Fusang Exchange, a regulated securities exchange that operates in Singapore and Hong Kong. Fusang has been licensed by Malaysian regulators. Fusang Exchange supports both cryptocurrencies as well as digital securities and claims to be the first fully… Read More

September 1, 2020 @ 11:39 am By JD Alois  |  

goPeer, a Canadian peer to peer lending platform, is now accepting retail investors to fund loans. The move follows the Ontario Securities Commission decision earlier this year to grant goPeer an EMD [Exempt Market Dealer] license. Now non-accredited investors may invest in an asset class… Read More

September 1, 2020 @ 11:22 am By JD Alois  |  

Digital asset platform BlockFi continues to boost its executive branch following a significant funding round where the company raised $50 million. According to a release, BlockFi has hired Tony Lauro as its new Chief Financial Officer (CFO). Lauro was most recently at Intermex where he… Read More

September 1, 2020 @ 9:59 am By JD Alois  |  

Stablehouse, stablecoin platform, is distributing a note indicating a new partnership with the Government of Bermuda on a “digital stimulus token.” According to Stablehouse, the two sides are piloting a program to explore the viability of digital tokens to enable the purchase of food and… Read More

September 1, 2020 @ 9:04 am By JD Alois  |  

SafeToNet is First Company to Direct List on Seedrs Secondary Market. Seedrs, a leading online investment platform, has opened up its secondary trading platform to any private security. The move was anticipated and previously revealed as Seedrs further leverages its tech stack. Seedrs is the… Read More

September 1, 2020 @ 5:00 am By JD Alois  |  

iFinex has invested approximately $1 million in Amsterdam-based Fintech Dusk Network, according to a note from the company. iFinex is the parent company of Bitfinex – a crypto exchange. Dusk Network is creating a regulated security token exchange and is self-described as a privacy blockchain… Read More

August 31, 2020 @ 3:20 pm By JD Alois  |  

Gatsby, an options trading platform that seeks to cater to younger investors, is returning to SeedInvest for another crowdfunding round. Earlier this year, Gatsby raised over $700,000 in a preferred equity sale. The valuation was set at $10 million. Gatsby is currently accepting indications of… Read More

August 31, 2020 @ 12:12 pm By JD Alois  |  

Wefunder, a leading securities crowdfunding platform, shares that performance remains strong even during the COVID-19 health crisis. In a tweet, Wefunder Director of Fundraising Jonny Price posted a graphical view of issuers recently raising capital.   Weekly @Wefunder investment volume broken out by company. Moving… Read More

August 31, 2020 @ 9:47 am By JD Alois  |  

Nium, a Fintech payments platform, has received an Electronic Money Institution (EMI) license from the UK Financial Conduct Authority (FCA) to issue e-money and provide cross-border digital payment services in the UK. Nium, based in Singapore, currently offers services in many different countries and reports… Read More

August 31, 2020 @ 8:51 am By JD Alois  |  

Filecoin, a project initiated by Protocol Labs seeking to create the world’s largest decentralized storage network, has published a crypto-economics report outlining how Filecoin will work for its users. Entitled Engineering Filecoin’s Economy the document outlines the initial parameters of the protocol as well as future… Read More

August 30, 2020 @ 4:01 pm By JD Alois  |  

StartEngine, a leading securities crowdfunding platform, reports that it has topped $200 million in investments to issuers raising capital on its platform. StartEngine says the funding went to 439 individual campaigns for companies in 53 different industries. StartEngine points to accelerating growth as it took… Read More