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

August 28, 2020 @ 4:44 pm By JD Alois  |  

The House Financial Services Committee has posted its list of (virtual) hearings for the month of September. While always subject to change, the Committee has scheduled a hearing by the Task Force on Financial Technology (Fintech) on digital banking. The hearing entitled “License to Bank:… Read More

August 28, 2020 @ 3:08 pm By JD Alois  |  

The New Zealand Stock Exchange (NZX) has been under attack for several days now as a DDOS attack (distributed denial of service) crippled trading on the exchange. NZHerald claimed that Russian cybercrooks were behind the attack. On August 26, the NZX issued the following statement:… Read More

August 28, 2020 @ 9:03 am By JD Alois  |  

Binance.UK has joined the crypto-asset trade association CryptoUK as an Executive Member as it seeks to boost its visibility in the UK market. Other executive members include Coinbase, eToro, Ripple, and more. CryptoUK seeks to encourage a set of best practices along with a Code… Read More

August 28, 2020 @ 8:48 am By JD Alois  |  

Assetz Capital is reporting that its secondary market has processed around 4,000 trades totaling around £6 million in its first two weeks of operations. The company states that buyers took advantage of discounts and sellers took advantage of that demand to withdraw some capital quicker… Read More

August 27, 2020 @ 10:17 pm By JD Alois  |  

Viva Republica has raised a whopping $173 million in new funding, according to a note from the company. Viva Republica is a top Korean Fintech and parent company mobile platform Toss. The Fintech is now valued at $2.6 billion having raised $560 million to date…. Read More

August 27, 2020 @ 4:25 pm By JD Alois  |  

Digital Currency Group (DCG) is moving into crypto mining. According to a release, DCG created a subsidiary called “Foundry” and 2019 and today the company is outing the mining firm with Mike Colyer, a former Core Scientific executive, being Foundry’s Chief Executive Officer. Foundry claims… Read More

August 27, 2020 @ 4:15 pm By JD Alois  |  

Telos, a blockchain-based on the EOSIO protocol that claims to be one of the most active blockchain platforms in the world (according to Blocktivity and CryptoDiffer), says that no-code DApp development platform Katalyo will be using the Telos blockchain to tokenize real estate in Croatia…. Read More

August 27, 2020 @ 11:02 am By JD Alois  |  

Utilizing Bitfinex Token Sales technology, Fetch.ai says that 1.9 million in FET tokens sold out in just 14 seconds. The token event took place earlier today (August 27, 2020) with FET priced at $0.112 (USDT). Fetch.ai is crafting machine learning tools and infrastructure to build… Read More

August 27, 2020 @ 10:53 am By JD Alois  |  

The district court of Munich has opened the insolvency proceedings regarding the assets of Wirecard (WDI:DE), which were applied for on June 25, 2020, according to a note from the company. The current preliminary insolvency administrator Dr. jur. Michael Jaffé from the law firm JAFFÉ Rechtsanwälte… Read More

August 27, 2020 @ 8:57 am By JD Alois  |  

Netcapital, a FINRA regulated funding portal, has merged with ValueSetters (OTC:VSTR), according to public statements by both companies. Netcapital Systems LLC will become the new majority owner of the company and the two entities are expected to operate as subsidiaries. The definitive agreement is an… Read More

August 27, 2020 @ 8:36 am By JD Alois  |  

As part of its ongoing mission to scale and add new services while providing a robust online capital formation platform, Seedrs has launched its “Seedrs Angel Network” and affiliated Angel Investor deal room. According to a Tweet, the new platform is to provide Angel Syndicates… Read More

August 27, 2020 @ 8:15 am By JD Alois  |  

Property Solutions Acquisition Corp. (NASDAQ: PSACU) has announced that separate trading of its shares of common stock and warrants underlying the Company’s units would commence on August 28, 2020, on the NASDAQ. Property Solutions Acquisition Corp. is a blank check company seeking to effect a… Read More

August 27, 2020 @ 7:58 am By JD Alois  |  

HM Government of Gibraltar has issued a statement welcoming Gibraltar-domiciled company INX, a digital securities issuer that is kicking off its security token offering this week.  Gibraltar is a self-governing and self-financing democracy that is a British Overseas Territory. The country has targeted the digital… Read More

August 26, 2020 @ 5:42 pm By JD Alois  |  

FinancialApps is suing Envestnet (NYSE:ENV) and subsidiary Yodlee in regards to claims of misappropriation of trade secrets, breach of contract, fraud, and more. FinancialApps is an API platform providing Fintech solutions like lending. Envestnet is a data aggregation and analytics platform for digital financial services… Read More

August 26, 2020 @ 11:03 am By JD Alois  |  

As widely anticipated, the Securities and Exchange Commission (SEC) updated the definition of an Accredited Investor expanding the rule by adding certain sophistication criteria. The current definition defines an individual who earns over $200,000 a year ($300,000 if married) as accredited. If an individual has… Read More

August 26, 2020 @ 8:59 am By JD Alois  |  

In partnership with Abundance Investment, Warrington Borough Council is raising £1 million via a Community Municipal Investment (CMI), as part of an effort to beat the UK government’s 2050 net-zero target by a full 20 years, according to a note from the crowdfunding platform. Abundance… Read More

August 26, 2020 @ 8:01 am By JD Alois  |  

Wirex, a UK-based Fintech, has announced a partnership with Railsbank to provide Wirex cards in the APAC region. The move is emblematic of the rapid shift away from Wirecard (WDI:DE) a German Fintech now in bankruptcy proceedings. Wirex also facilitates cryptocurrency payments. Railsbank is a… Read More

August 25, 2020 @ 5:28 pm By JD Alois  |  

It should be obvious to most everyone that the current definition of an Accredited Investor not only disenfranchises the vast majority of the population it is not really an effective proxy to evaluate an individual’s ability to assess risk and the opportunity affiliated with private… Read More