May 4, 2020 @ 7:28 am By JD Alois  |  

Revolut, a digital bank with 12 million users worldwide, is taking the next step in becoming a true bank by utilizing its European bank license in Lithuania. Previously, Revolut has been offering most services with an e-Money license. Revolut said it intends to passport its… Read More

May 3, 2020 @ 7:30 pm By JD Alois  |  

Bounce Back Loans: Bower Up to £50,000 For the first 12 months of the loan the interest is paid by the UK government, then 2.5% interest per year afterward Repayments are deferred for 12 months Following the Chancellor of the Exchequer’s announcement on 27 April,… Read More

May 3, 2020 @ 5:24 pm By JD Alois  |  

Last Thursday, a letter posted on the Russian website of SmartLab said that Telegram will offer GRAM purchasers the option to receive their money back as the deadline for the issuance of the tokens had passed. Telegram has been in an ongoing legal battle with… Read More

May 3, 2020 @ 3:33 pm By JD Alois  |  

Last week, FT Partners, a Fintech focused investment bank, held a Zoom presentation where more than 5,000 individuals registered to attend. The interest in the presentation was, of course, driven by the speakers: Nik Storonsky, founder and CEO of Revolut and Chris Britt, founder and… Read More

May 2, 2020 @ 2:31 pm By JD Alois  |  

Earlier today the Irish government outlined additional plans to help support the economy during the COVID-19 pandemic. During a special Cabinet meeting, a series of measures to further support small, medium, and larger businesses were revealed. The new initiatives included: a €10,000 restart grant for… Read More

May 2, 2020 @ 2:14 pm By JD Alois  |  

The COVID-19 pandemic has hammered the real estate market. Landlords are not being paid rent. Hotels are empty and developments have been put on hold. Corresponginly, the Coronavirus has hit real estate crowdfunding marketplaces as the overall economy sinks. RealtyMogul, one of the best known… Read More

May 1, 2020 @ 4:50 pm By JD Alois  |  

StartEngine, a leading US-based investment crowdfunding platform offering securities under the full stack of available exemptions (Reg CF, Reg A+, Reg D) has filed for another funding round Filed with the Securities and Exchange Commission (SEC), StartEngine has posted a Reg A+ offering seeking $41… Read More

May 1, 2020 @ 1:46 pm By JD Alois  |  

France has been recognized as quickly crafting a digital asset friendly regulatory environment while some other jurisdictions struggled to move. The concept of digital securities and non-security crypto assets found support from policymakers and a law was enacted to create a structure for initial coin… Read More

May 1, 2020 @ 12:07 pm By JD Alois  |  

Innovate Finance, the top Fintech advocacy group in the UK, has appointed Mike Carter as Head of Platform Lending to lead 36H Group. “I’m delighted to be appointed to this new role to promote the platform lending sector. To date, the sector has delivered steady… Read More

May 1, 2020 @ 9:17 am By JD Alois  |  

May is here meaning spring is emerging for parts of the world. For all of the world, it also means that Bitcoin is on the cusp of the next Halving (or the Halvening). The Bitcoin Halving takes place every four years. This is when the… Read More

April 30, 2020 @ 10:25 pm By JD Alois  |  

CoinList Trade has added another digital asset to its list of crypto available to trade. CoinList Trade is a crypto exchange that was announced last year but opened for trading a few weeks ago. If you are curious as to which virtual currency you can… Read More

April 30, 2020 @ 4:30 pm By JD Alois  |  

  The Paycheck Protection Program (PPP), part of the CARES Act, has emerged as an exceptionally popular policy program by the US government in its efforts to support a faltering economy. In brief, the PPP provides a loan for 2.5X times monthly payroll for struggling… Read More

April 30, 2020 @ 3:15 pm By JD Alois  |  

Genesis Capital, an institutional digital asset lending platform, has published a report on Q1 performance. Genesis Capital is part of a group of companies that include Genesis Trading and Grayscale Investments. According to the report, Genesis Capital had a big month doubling originations to $2… Read More

April 30, 2020 @ 11:23 am By JD Alois  |  

  We are hearing a lot of chatter about some online lending platforms halting originations and some real estate crowdfunding platforms pulling back. A report out of the DACH countries provides some European perspective. In the DACH countries, property investment has been a standout performer… Read More

April 30, 2020 @ 10:08 am By JD Alois  |  

The Federal Reserve Board has announced it is expanding the scope and eligibility for the Main Street Lending Program. The Federal Reserve developed the Main Street Lending Program to help credit flow to SMEs that were in sound financial condition before the pandemic but have… Read More

April 30, 2020 @ 10:00 am By JD Alois  |  

Fireblocks reports having topped $30 billion in digital asset transfers and over $7 billion in monthly transfers, according to a company release. Fireblocks is an enterprise-grade platform providing the infrastructure for moving, storing, and issuing digital assets. Fireblocks seeks to enable exchanges, custodians, banks, trading… Read More

April 30, 2020 @ 9:30 am By JD Alois  |  

  A report conducted by crypto research firm Diar calls crypto trading on derivative exchanges “more akin to gambling than sustainable trading strategies.” Ironically, the report was paid for by crypto derivatives exchange ZUBR. The report states that Bitcoin liquidations on popular derivatives exchanges have… Read More

April 30, 2020 @ 8:20 am By JD Alois  |  

Folk2Folk, a unique localized peer to peer lending company, is reporting a profit for the first time of £198,000 for the financial year of February 2019 to January 2020, according to a company release. In the previous period, Folk2Folk generated a £535,000 loss. Full audited… Read More

April 30, 2020 @ 8:04 am By JD Alois  |  

UK Finance has posted its weekly update as to the amount and number of loans distributed to SMEs impacted by the COVID-19 pandemic. According to the data, £4.157 billion has been approved under the Coronavirus Business Interruption Loan Scheme (CBILS) for 25,262 loans. 52,807 applications… Read More

April 29, 2020 @ 10:58 pm By JD Alois  |  

At the end of last month, the Australian Senate Select Committee on Financial Technology and Regulatory Technology submitted a request for input as to the impact of the COVID-19 pandemic on the Fintech sector. The committee said that it is “keenly aware” to the impact… Read More