October 11, 2019 @ 12:25 pm By JD Alois  |  

The leaders of the US Commodity Futures Trading Commission (CFTC), the Financial Crimes Enforcement Network (FinCEN), and the Securities and Exchange Commission (SEC) have issued the following joint statement pertaining to anti-money laundering (AML) and countering the financing of terrorism (CFT) regarding digital assets, such… Read More

October 11, 2019 @ 11:10 am By JD Alois  |  

KoreConX has launched the “Infrastructure of Trust” for the global private capital markets. According to KoreConX, the Infrastructure of Trust empowers participants such as private companies, investors, broker-dealers, secondary market operators, lawyers, investor relations firms, transfer agents, share registry, regulators, and many others to conduct… Read More

October 11, 2019 @ 9:45 am By JD Alois  |  

Ron Suber, well-known in the Fintech sector for his leadership at Prosper and his many Fintech investments, has recently taken a board seat at Fintech startup Qwil. According to a report in the SF Business Journal, after being an investor, both debt and equity, and… Read More

October 11, 2019 @ 8:32 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has published updated information on the ramifications of Brexit in a no deal scenario. Currently, the UK is scheduled to exit the European Union on October 31st. Recently, there has been some more positive chatter on negotiations, and the… Read More

October 11, 2019 @ 7:08 am By JD Alois  |  

Swiss crowdfunding platform Bloomio has received a CHF 800,000 capital injection from three existing shareholders according to a company release. The blockchain-based marketplace called that added capital a big step forward as the company plans for a forthcoming Series A funding round. Capital invested to… Read More

October 11, 2019 @ 2:12 am By JD Alois  |  

Smartlands, “a digital platform for crowdfunding investments via the issuance of digital shares in the form of security tokens,” has signed a “Cooperative Agreement with IIP Securities – a US-based broker-dealer, according to a company release. Smartlands states that the agreement will enable it to… Read More

October 10, 2019 @ 4:58 pm By JD Alois  |  

OpenFinance, an Alternative Trading System (ATS), will be listing Current Media’s security token ($CRNC) on its secondary marketplace. According to a release, beginning at some point in Q4 $CRNC will commence trading. This will be the first media focused security token as well as the… Read More

October 10, 2019 @ 3:28 pm By JD Alois  |  

In a wide-ranging speech at The World Federation of Exchanges General, Jacqueline Loh, Deputy Managing Director, Monetary Authority of Singapore (MAS) addressed the advent of blockchain or distributed ledger technology (DLT) in the utilization of regulated securities and exchanges. Singapore is a noted Fintech Hub… Read More

October 10, 2019 @ 11:20 am By JD Alois  |  

BlockTank LA, a “Shark Tank” style pitch contest, has announced six of the judges and four companies that will participate in the contest. BlockTank LA t is part of a private and public partnership between the LA-based VC firm, Goren Holm Ventures (GHV), the City… Read More

October 10, 2019 @ 10:55 am By JD Alois  |  

ShareIn, an Edinburgh based Fintech, has announced plans to expand the team to 40 people over the coming year. The company says the expansion aligns with the recently announced launch of ShareInPay. Prior to the launch of ShareInPay, the company offered direct investment platforms. ShareInPay… Read More

October 10, 2019 @ 10:23 am By JD Alois  |  

The UK’s largest investment crowdfunding platform Crowdcube has shared their top-line results for Q3. According to the platform, Crowdcube has achieved record revenue. Revenue is up 38%, reaching £2.2 million, totaling £58.7 million of pledged investment. During the quarter, a record ​62,000 in pledged investments… Read More

October 10, 2019 @ 9:57 am By JD Alois  |  

U.S. Commodity Futures Trading Commission has announced the appointment of  Melissa Netram as Director of LabCFTC. Launched in May 2017, LabCFTC is an initiative aimed at facilitating market-enhancing Fintech innovation. Netram will be responsible for coordinating closely with international and U.S. regulators and Capitol Hill… Read More

October 10, 2019 @ 9:45 am By JD Alois  |  

Speaking at the Yahoo Markets All Finance conference, Commodity Futures Trading Commission Chair Dr. Heath P. Tarbert made several important comments today. Tarbert stated, that in his opinion, Ether is a commodity and thus not a security. Tarbert also predicted trading of Ether derivatives as… Read More

October 10, 2019 @ 9:32 am By JD Alois  |  

Upgrade, an online consumer lending platform, has launched a new physical credit card labeled “Upgrade Card.” The card is designed to provide the convenience of a credit card combined with lower interest rates associated with installment loans. According to a release, interest rates start at… Read More

October 10, 2019 @ 9:00 am By JD Alois  |  

LendingClub (NYSE: LC), the leading marketplace for loans in the US, has launched a “first of its kind” online marketplace designed to connect institutional investors to loans called LCX. The new marketplace provides same-day settlement of fully funded loans. LendingClub said in a release that… Read More

October 10, 2019 @ 8:58 am By JD Alois  |  

Peer to peer lender RateSetter has reported that for the year March 2019 losses have dropped from £27.5 million in the previous year to £4.2 million. The company claims it has taken a “big step towards profitability. Topline revenue was reported at £33 million with… Read More

October 10, 2019 @ 8:28 am By JD Alois  |  

FundedByMe Poland is reporting a securities offering that closed almost immediately. Iron Wolf Studio raised over €350,000 from more than 60 investors “within minutes” of the offering going live. Iron Wolf Studio is a gaming company comprised of veteran devs and designers from Iron Wolf… Read More

October 10, 2019 @ 6:00 am By JD Alois  |  

UK-based Fintech Thought Machine has partnered with Swedish financial group SEB. The agreement will see SEB’s innovation studio SEBx deploy Thought Machine’s cloud-native banking platform, Vault. Though Machine has already secured partnerships with Atom bank, IBM and a major UK bank – last year securing… Read More

October 9, 2019 @ 9:52 pm By JD Alois  |  

Prominent blockchain startup ICONLOOP has raised KRW 10 billion (over USD 8 million) in Series A funding. ICONLOOP, based in South Korea, says this is the first VC investment since its launch in 2016. Investors included Korea Technology Finance Corporation (KOTEC) and T.S. Investment. ICONLOOP… Read More

October 9, 2019 @ 5:25 pm By JD Alois  |  

Seedrs, a leading UK based crowdfunding platform, has launched its anticipated investment crowdfunding campaign. The offering, now open to all investors, is part of a larger £4.5 million funding round backed by institutions. Seedrs, the first approved crowdfunding platform to launch in the UK, has… Read More