October 30, 2019 @ 9:43 pm By JD Alois  |  

Earlier this month, the California Department of Business Oversight issued Cannabis Banking Guidance regarding state regulation. California is one of a growing number of states that have legalized Cannabis consumption. While California, and multiple US states, have legalized Cannabis usage, it still is illegal at… Read More

October 30, 2019 @ 9:19 pm By JD Alois  |  

This afternoon, the US Federal Reserve cut its benchmark interest rate by 25 basis points. The Federal Open Market Committee decided to lower the target range for the federal funds rate to 1-1/2 to 1-3/4 percent due to muted inflation and the “implications of global… Read More

October 30, 2019 @ 6:13 pm By JD Alois  |  

3iQ Corp. (3iQ), a Canadian investment fund manager, has received a favorable ruling regarding “The Bitcoin Fund” from the Ontario Securities Commission (OSC), according to a company release. Reportedly, 3iQ will issue a final prospectus for a closed-end Bitcoin fund which will be listed on… Read More

October 30, 2019 @ 3:45 pm By JD Alois  |  

Back in 2015 during the earliest days of securities crowdfunding in the US, the first case of alleged fraud surfaced by an issuer using Reg D 506c. Ascenergy, a purported Oil & Gas company, along with CEO Joey Gabaldon and several relief defendants were the… Read More

October 30, 2019 @ 3:00 pm By JD Alois  |  

Crowdfund Capital Advisors co-founder Sherwood “Woodie” Neiss is tweeting that Reg CF (Regulation Crowdfunding) has now topped $300 million in total funding, providing capital to over 2000 campaigns. Reg CF, part of the JOBS Act of 2012, is a securities crowdfunding exemption where issuers may… Read More

October 30, 2019 @ 2:43 pm By JD Alois  |  

MainVest, a FINRA regulated funding portal based in Massachusetts, is a localized investment crowdfunding platform that is targetting main street type businesses. The crowdfunding portal is celebrating one year of operations and Crowdfund Insider has received an update from the platform. MainVest raises capital online… Read More

October 30, 2019 @ 12:01 pm By JD Alois  |  

Leading invoice financing platform MarketInvoice is going big. The Fintech has announced that it is now supporting larger businesses regarding their lending needs. According to a release, MarketInvoice will now accept businesses with turnover between £5 million to £50 million as it continues to scale… Read More

October 30, 2019 @ 11:37 am By JD Alois  |  

Previously doing business as Lending Express, “Become” has closed on  a$10 million Series A investment round led by Benson Oak Ventures and Magenta Venture, supported by RIO Ventures Holdings, iAngels, and Entrée Capital. The company has also secured an additional $2.5 million in venture debt… Read More

October 30, 2019 @ 11:12 am By JD Alois  |  

According to a release from the principality of Liechtenstein, a panel on the new Liechtenstein Blockchain legislation presented at the UN in New York has been well received. Earlier this month, the Liechtenstein Parliament unanimously passed the “Token and VT Service Providers’ Act” (TVTG). The law… Read More

October 30, 2019 @ 9:20 am By JD Alois  |  

CoinList, an offshoot from the team that created AngelList, is launching a compliant cryptocurrency exchange – CoinList Trade. The company called the move a “natural next step” that will allow secondary trading of tokens as well as seamless distribution. CoinList has been a leader in… Read More

October 30, 2019 @ 8:55 am By JD Alois  |  

tZERO, a subsidiary of Overstock (NASDAQ:OSTK) and a prominent digital securities platform, will tokenize a 180-unit luxury residential development that is located in Manchester, UK. The tokenization is being completed in partnership with Alliance Investments, a UK-based direct-to-developer real estate investment company. River Plaza claims… Read More

October 30, 2019 @ 7:36 am By JD Alois  |  

Black Manta Capital Partners and Tokeny have formed a partnership to build a “fully compliant Multi-STO-Platform.” for Europe. It is important to note that the Black Manta Investment Platform is operated by BMCP’s ​Berlin (BMCP GmbH) which has reportedly received its license within the MiFID… Read More

October 30, 2019 @ 6:01 am By JD Alois  |  

Starling Bank, a digital challenger bank, is now offering a debit card that allows customers to spend directly in Pounds or Euros (ie no standard forex fee). According to a release, the dual currency card feature goes live on the same day as Starling launches… Read More

October 30, 2019 @ 4:00 am By JD Alois  |  

Digital bank Revolut has utilized Open Banking APIs for the first time with a tie-in to Intuit QuickBooks, according to a note from Revolut. This will be the first time that Revolut has collaborated with a third-party provider to use the advanced functionality of UK… Read More

October 30, 2019 @ 2:00 am By JD Alois  |  

This past June, France saw its first security token offering based on a real estate transaction. The process was managed by Equisafe, a platform that describes itself as a “neo investment bank.” The digital securities raised €6.5 million. In a blog post from August, the… Read More

October 29, 2019 @ 8:15 pm By JD Alois  |  

Mobile peer to peer sports betting marketplace, ZenSports, has closed on a $675,000 seed round. ZenSports is a platform that seeks to enable sports betting from anywhere in the world without a centralized bookmaker. According to the company, the funding was part of a broader,… Read More

October 29, 2019 @ 6:12 pm By JD Alois  |  

A new spin on solving the student loan enigma is crowdfunding on Republic. Avenify is offering a Crowdsafe at a valuation cap of $4 million with a 20% discount triggered by a future event. Avenify has already raised $68,382 from over 300 investors. The company… Read More

October 29, 2019 @ 5:07 pm By JD Alois  |  

Marqeta has announced a new “Reserve Financing Product.” Marqeta Reserve Financing is tailored to the needs of companies struggling with the logistical, practical and administrative burdens of funding a reserve account to launch new payment card programs and keep it actively replenished with funds. Marqeta… Read More

October 29, 2019 @ 4:44 pm By JD Alois  |  

Christopher Gerold, President of the North American Securities Administrators Association (NASAA), recently spoke at NASAA’s 2019 Fintech & Cybersecurity Symposium. Gerold is also the Chief of the New Jersey Bureau of Securities. Gerold had this to say about Fintech: “Advances in financial technology [Fintech] and… Read More

October 29, 2019 @ 3:16 pm By JD Alois  |  

Filed with the US District Court for the Southern District of New York this week, Kik Interactive opened up the big guns by issuing multiple subpoenas to the Securities and Exchange Commission (SEC). Kik is the target of an SEC enforcement action alleging the sales… Read More