November 18, 2019 @ 11:24 am By JD Alois  |  

MimbleWimble, a privacy-oriented blockchain that seeks to cover users’ tracks, is said not to be very private at all, according to a blog post. Other privacy coins have gained popularity as much of the early usage of crypto was because of its ability to complete… Read More

November 18, 2019 @ 7:18 am By JD Alois  |  

iSTOX, a regulated capital markets platform that provides digital security issuance and trading, has raised $5 million in funding from Tokai Tokyo Financial Holdings. According to a release from iSTOX, the funding also brings a valuable partnership that provides a gateway to accredited and institutional… Read More

November 17, 2019 @ 10:30 pm By JD Alois  |  

The annual Fintech100 report has recently been released quantifying the diverse universe of Fintechs that are leading in the various sectors of digital finance. The report has been published since 2014 in partnership with KPMG and H2 Ventures. Some names remain consistent year over year,… Read More

November 17, 2019 @ 3:09 pm By JD Alois  |  

Abu Dhabi is planning to introduce the region’s first Social Impact Bond, a financial tool that raises private investment to support high-impact social programs, under the Authority for Social Contribution – Ma’an. According to the Ma’an Authority for Social Contribution, the Social Impact Bonds will… Read More

November 16, 2019 @ 10:42 am By JD Alois  |  

British Pearl, a property investment platform that promises to provide “hassle-free property investment” is seeking £800,000 on Seedrs. The offering is for a 3.38% equity stake at a pre-money valuation of £22.8 million.  As it stands today, 141 investors have committed £641,503 to the crowdfunded… Read More

November 15, 2019 @ 2:26 pm By JD Alois  |  

Nesta, in partnership with Open Banking Limited (OBL), has announced the Open Up 2020 Challenge finalists. According to Nesta, the 15 finalists were selected out of 107 entries. Many of these Fintechs are live and in the market already. This group of Fintechs will compete… Read More

November 15, 2019 @ 11:40 am By JD Alois  |  

Mission-driven investment platform Abundance is offering its “greenest ever social and affordable housing investment.” Liverpool Community Homes PLC is raising up to £6,850,000 to finance two green and sustainable developments. The development is for up to 37 new homes on the outskirts of Liverpool. Abundance… Read More

November 15, 2019 @ 9:53 am By JD Alois  |  

Earlier this year there was a good amount of debate and discussion regarding the Financial Action Task Force’s (FATF) move to apply traditional KYC/AML requirements to digital asset transactions.  As one would expect, FATF got what it wanted and now “virtual asset service providers” or… Read More

November 15, 2019 @ 8:09 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has announced the final judgment in regards to the Veri initial coin offering (ICO) which was deemed to be sales of unregistered securities. Veritaseum, Inc. and Veritaseum, LLC  along with Reginald Middleton have been ordered to pay a $9.5… Read More

November 15, 2019 @ 4:31 am By JD Alois  |  

Cashwagon, a Fintech company, offering a range of consumer financial products to underbanked populations, has been recognized at the International Business Magazine Awards in Sri Lanka.  Cashwagon Sri Lanka received the Fastest Growing Fintech Company Award. Cashwagon has previously raised US$29 million in Seed Round… Read More

November 15, 2019 @ 1:00 am By JD Alois  |  

In the midst of the Blockshow Asia Conference crypto industry representatives have announced a movement create an open protocol designed to comply with FATF  demands impacting VASPs or Virtual Asset Service Providers. According to a release, representatives of the Swiss-based Crypto Valley Association (CVA), International Digital… Read More

November 14, 2019 @ 4:43 pm By JD Alois  |  

The International Securities Services Association (ISSA), a Switzerland based association that promotes best practices in the securities sector, has added their voice to the emerging digital asset or crypto-asset sector. This includes security tokens, payment tokens (cryptocurrencies, stablecoins etc.) and utility tokens. In October 2018,… Read More

November 14, 2019 @ 3:13 pm By JD Alois  |  

Wefunder is the largest Reg CF (Regulation Crowdfunding) portal in the US. While having completed Reg D offerings in the past and the occasional Reg A+ offering, Wefunder is mainly a CF portal. A Wefunder spokesperson recently shared the below comment with Crowdfund Insider: “Wefunder… Read More

November 14, 2019 @ 12:08 pm By JD Alois  |  

Earlier this week there was a meeting of the Securities and Exchange Commission’s (SEC) Small Business Capital Formation Advisory Committee. During the meeting, the Committee discussed the SEC’s Concept Release on regulatory harmonization and several topics specifically. First, was the subject of access to capital… Read More

November 14, 2019 @ 10:50 am By JD Alois  |  

Danish Fintech Cardlay has raised $10 million funding led by SEB Bank and Seed Capital along with existing investors. Simultaneously, Cardlay has announced a new partnership with Eurocard, the largest issuer of corporate cards in Scandinavia. Mads Krumhardt, CEO of SEB Kort Bank – the… Read More

November 14, 2019 @ 10:32 am By JD Alois  |  

IPC, a secure trading and communications network for financial institutions, is adding a cryptocurrency platform through which IPC customers can create their own cryptocurrency Exchange-Traded Funds (ETFs). The new feature is via a partnership with ZoozBit. IPC has been anchored in the more traditional securities… Read More

November 14, 2019 @ 10:12 am By JD Alois  |  

Tandem Bank has hired the former HSBC Head of Banking Products Kunal Malani as Chief Growth Officer. The appointment comes at a time when the challenger bank is planning an expansion into Hong Kong. Ricky Knox, Tandem Bank CEO, said he was delighted to bring… Read More

November 14, 2019 @ 8:19 am By JD Alois  |  

Some cryptocurrency firms that were the target of the Securities and Exchange Commission Division of Enforcement may not be able to adhere to the agreed-upon settlements, according to WSJ.com. Paragon and Airfox are both mentioned in the report. The two companies were deemed to have… Read More

November 14, 2019 @ 8:09 am By JD Alois  |  

Overstock to Float New Shares, Seeks $150 Million Shares in Overstock (NASDAQ:OSTK) are tanking hitting 52-month lows following today’s earnings release and the revelation that the Securities and Exchange Commission has issued a subpoena in October in regards to the digital dividend and former CEO… Read More

November 14, 2019 @ 3:28 am By JD Alois  |  

SME online lender creditshelf says banks are becoming more skeptical about investing in small businesses in Germany. creditshelf claims that last year only every third company had problems with bank financing, now every second medium-sized company encounters resistance from its house bank. It has been… Read More