October 2, 2019 @ 8:38 am By JD Alois  |  

Agatha Bacelar, a Stanford engineer, is running for Congress on a less than traditional platform that touts her crypto-friendly cred. Even better, Bacelar is attempting to challenge House Speaker Nancy Pelosi, the most influential Democrat in the US. According to her promotional info, Bacelar notes:… Read More

October 2, 2019 @ 8:11 am By JD Alois  |  

Yesterday, Charles Schwab announced it would eliminate trading commissions on US-listed equities, ETFs and options (keeping a small per contract charge). As Crowdfund Insider predicted, other online brokerages are copying Schwab’s actions as TD Ameritrade (NASDAQ:AMTD) has now done the same. Starting October 3rd, clients… Read More

October 2, 2019 @ 3:28 am By JD Alois  |  

B21 has been granted a DLT license, in principle, from the Gibraltar Financial Services Commission (GFSC). B21 is a developer of an App to purchase, trade and manage digital assets, according to a release. B21 is now the first regulated cryptocurrency investment app. The app… Read More

October 1, 2019 @ 10:52 pm By JD Alois  |  

Mumbai-based Airpay Payment Services, a payments platform, has announced a partnership with InstaReM, one of the world’s fastest-growing digital cross-border payments companies. The new partnership will launch “FX Payment”, an international payments solution for its merchants. Airpay’s “FX payment” is an alternative to credit cards… Read More

October 1, 2019 @ 5:18 pm By JD Alois  |  

Bitbond, the first security token offering in Germany to have its prospectus approved by Bafin, has issued its first on-chain coupon payment according to a tweet. Bitbond is a unique global online lender that recently completed a security token offering (STO) for a debt offering… Read More

October 1, 2019 @ 2:56 pm By JD Alois  |  

Meratas Inc. an “Income Share Agreement” (ISA) development company has formed a joint venture with Alchemy Technology, a provider of turn-key online lending systems. Meratas works with schools and other training courses to provide ISA programs. Darius Goldman, founder and CEO of Meratas, says their… Read More

October 1, 2019 @ 12:06 pm By JD Alois  |  

Yesterday, a prominent group of digital asset exchanges joined in announcing a new “Crypto Rating Council” that sets a score on a crypto asset to better establish whether or not it is a security. While the Securities and Exchange Commission (SEC) has dripped out guidance… Read More

October 1, 2019 @ 11:53 am By JD Alois  |  

Insurtech TrustLayer has exited stealth mode, according to a company release. TrustLayer provides an automated insurance verification platform using distributed ledger technology (DLT). The enterprise blockchain app will provide real-time updates on the R3 Corda distributed ledger ecosystem Simultaneously, TrustLayer announced a partnership with residential… Read More

October 1, 2019 @ 11:00 am By JD Alois  |  

KPMG has published a brief report on blockchain and tokenization. According to the authors, tokenization will be huge and the tech is “poised to transform commerce.” KPMG explains: “digital tokens issued on blockchains are used to represent asset ownership and to efficiently facilitate asset exchange…. Read More

October 1, 2019 @ 10:29 am By JD Alois  |  

European crowdfunding platform and digital investment bank Invesdor is looking for a new CEO. The news was revealed in a post to shareholders by founder and current CEO Lasse Mäkelä who said after 8 years at the helm it is time to find someone with… Read More

October 1, 2019 @ 9:42 am By JD Alois  |  

While many Fintech focused stock trading platforms do not charge a commission for trades many traditional brokers still charge a fee. Today, Charles Schwab (NYSE:SCHW) has announced it will no longer charge commissions for online trading. Expect other online brokers to soon follow suit. Shares… Read More

October 1, 2019 @ 8:45 am By JD Alois  |  

Funding Xchange says that borrowing costs for some UK businesses are dropping. Funding Xchange tracks the activity of 40 lenders specialising in small business lending. According to their forthcoming “SME Lending Monitor,” 60% of businesses with a reasonably good credit profile are able to access… Read More

October 1, 2019 @ 8:04 am By JD Alois  |  

European Risk Capital’s transaction pipeline via its “CreditStream” debt program has exceeded £300 million, according to a company release. ERC is an independent finance group that arranges capital for non-bank financial institutions, real estate and more. ERC states that transactions under consideration comprise senior secured… Read More

September 30, 2019 @ 3:58 pm By JD Alois  |  

On September 26, 2019, Judge Denise L. Cote of the U.S. District Court for the Southern District of New York entered a default judgment against Longfin and former CEO Venkata S. Meenavalli ordering a total of $3,532,235 in disgorgement of all proceeds raised in Longfin’s… Read More

September 30, 2019 @ 1:33 pm By JD Alois  |  

The U.S. Commodity Futures Trading Commission (CFTC) has charged Jon Barry Thompson of Easton, Pennsylvania, with fraud. Thompson allegedly “knowingly or recklessly making false representations to customers in connection with the purported purchase of Bitcoin worth over $7 million.” The CFTC’s complaint alleges that Thompson… Read More

September 30, 2019 @ 12:26 pm By JD Alois  |  

Fintech Funderbeam has received a financial services license from the Monetary Authority of Singapore (MAS). This means that Funderbeam will be able to provide funding options to the Singapore market thus representing a significant expansion from its European base. Singapore based Funderbeam Markets Pte Ltd…. Read More

September 30, 2019 @ 11:27 am By JD Alois  |  

Fintech Abu Dhabi, an annual gathering organized by Abu Dhabi Global Market (ADGM) – the international Financial Centre in Abu Dhabi, has announced the participation of eight separate Fintech unicorns for their upcoming event later this month. Fintech Abu Dhabi has announced that; Kraken, Airwallex,… Read More

September 30, 2019 @ 10:04 am By JD Alois  |  

Crowdcube, a leading UK based crowdfunding platform, is out with a note touting the fact they have funded 3 out of 16 (19%) of the UK’s active unicorns. These three companies include BrewDog, Monzo and Revolut. Crowdcube reports that in the past 12 months, the… Read More

September 30, 2019 @ 9:27 am By JD Alois  |  

Leading UK based investment crowdfunding platform Seedrs has opened up registration for a self-crowdfunding round. The platform announced in August that two of their institutional shareholders had committed to a £4.5 million investment into the company. Additionally, Seedrs is planning a far larger round next… Read More

September 30, 2019 @ 8:25 am By JD Alois  |  

A prominent group of digital asset trading platforms have joined together to launch the Crypto Rating Council (CRC)- an entity that will rate digital asset offerings as to whether they qualify as securities under existing US law. The founding members of the Council include: Coinbase… Read More