August 12, 2019 @ 8:39 am By JD Alois  |  

This is something you do not see that often – a company offering to buy back all of the tokens (CLN) issued in an initial coin offering. Colu DLT, a subsidiary of Colu Group based in Gibraltar, has issued a release stating it will “voluntarily… Read More

August 12, 2019 @ 7:20 am By JD Alois  |  

Online property finance marketplace LendInvest has received a £200 million investment from the National Australia Bank (NAB). The investment was supported by HM Treasury. Chris Philp, PPS to the Chancellor of the Exchequer, commented on the announcement: “This very substantial investment from NAB into LendInvest… Read More

August 11, 2019 @ 9:14 am By JD Alois  |  

Seedrs, a leading UK crowdfunding platform, is in the midst of funding discussions according to a write up in the Times. The report indicates that an email distributed to Seedrs shareholders indicates the company is at “advanced stages in a fundraising discussion.” Seedrs has previously… Read More

August 10, 2019 @ 4:51 pm By JD Alois  |  

SME Peer to peer lending platform Growth Street has joined digital bank Starling Bank‘s marketplace, according to a blog post. Excited to announce that GrowthLine is now available on the #Starling Marketplace! It means your business can apply for and manage your GrowthLine all from… Read More

August 10, 2019 @ 3:59 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has posted the agenda for the 2019 Government-Business Forum on Small Business Capital Formation scheduled for next week in Omaha, Nebraska. Typically, all of the Commissioners will participate in the Forum. During the tenure of prior Chairmen, the SEC… Read More

August 9, 2019 @ 1:35 pm By JD Alois  |  

Digital assets and blockchain technology continue to infiltrate the financial services sector at a growing rate. Blockchain or distributed ledger technology (DLT) is being tested or used to issue securities and currencies and manage back-office operations. In light of this reality, the Federal Reserve Bank… Read More

August 9, 2019 @ 10:29 am By JD Alois  |  

MERJ Exchange, formerly Trop-X Limited, has claimed the first-ever, fully compliant and regulated security token issued by a national stock exchange. MERJ is licensed by the Seychelles Financial Services Authority. As Crowdfund Insider reported last week, MERJ is an exchange for equities, debt, and derivatives… Read More

August 9, 2019 @ 9:28 am By JD Alois  |  

The Apple Card (NASDAQ:AAPL) is rolling out all of this month with registered individuals receiving email notifications to sign up for the virtual/physical card. Managed by Goldman Sachs (NYSE:GS), the Apple Card expects to launch with interest rates (APRs) ranging from 12.99% to 23.99% when… Read More

August 9, 2019 @ 7:59 am By JD Alois  |  

CoinZoom, a regulated crypto exchange, has announced it will soon offer a visa debit card where users may swap crypto for fiat, according to a release. CoinZoom is part of a company that operates a crowdfunding platform CoinZoom Securities LLC which was previously operating under… Read More

August 9, 2019 @ 7:42 am By JD Alois  |  

P2P lender Robo.cash has financed €100 million in loans, according to a release. Robo.cash says that data for the first seven months of 2018 and 2019 show an upward trend: this year, the volume of funded loans has grown by 74.5% and amounted to €41.9… Read More

August 9, 2019 @ 1:50 am By JD Alois  |  

For some people, Blockchain or distributed ledger technology (DLT) holds almost mystical potential to revolutionize everything. While there is more than a bit of hyperbole associated with blockchain, it is a fact that many corporates are incorporating DLT within their operations to streamline and remove… Read More

August 8, 2019 @ 6:14 pm By JD Alois  |  

Overstock.com (NASDAQ:OSTK) reported Q2 financial results today. For the quarter ending June 30, Overstock reported a revenue decrease of $373.7 million vs. $483.1 million (23% decrease) in comparison to the same quarter year prior. A Net loss of $24.7 million was an improvement over last… Read More

August 8, 2019 @ 2:58 pm By JD Alois  |  

France is a country that is seeking to position itself as a jurisdiction of preference when it comes to blockchain technology and the issuance of digital assets. Blockchain innovation has been aided by vocal government support and new legislation signed into law that allows for… Read More

August 8, 2019 @ 10:31 am By JD Alois  |  

Regulated crypto exchange SBI VC (spun out from SoftBank), based in Japan, is now FATF compliant. Earlier this year FATF announced a set of requirements regarding “virtual asset service providers” or VASPs (mainly crypto exchanges). These new rules require the tracking and storing of all… Read More

August 8, 2019 @ 9:10 am By JD Alois  |  

In 2017, the Consumer Financial Protection Bureau (CFPB) issued its first No-Action Letter (NAL) regarding the “use of unconventional sources of information,” or “alternative data,” to evaluate individual creditworthiness. Earlier in that year, the CFPB had launched a Request for Information pertaining to alternative data…. Read More

August 8, 2019 @ 8:33 am By JD Alois  |  

Bitcoin marketplace Paxful is reporting a 70% increase in bank transfers due to “the onboarding of institutional clients.” Earlier this year, Paxful lowered the bank transfer fee to 0.1% – a move that may have helped boost user interest. On the Paxful peer to peer… Read More

August 8, 2019 @ 12:17 am By JD Alois  |  

Online lender Prospa Group Limited (ASX: PGL) has established its first warehouse facility specifically to fund New Zealand small business loans. According to a note from Prospa, the 3-year facility has an initial capacity of NZ $45 million. Prospa currently provides access to capital in… Read More

August 8, 2019 @ 12:00 am By JD Alois  |  

Viva Republica, a payments and transfer Fintech that operates under the Toss brand, has raised $64 million in funding at a $2.2 billion valuation. The funding was led by Hong Kong-based Aspex Management. Existing investors Kleiner Perkins, Altos Ventures, Goodwater Capital, GIC, Sequoia Capital China,… Read More

August 7, 2019 @ 8:35 pm By JD Alois  |  

GlobexUS Holdings has signed a Memorandum of Understanding (MoU) with the Antigua and Barbuda Ministry of Finance & Corporate Governance (MFCG). The MoU was agreed to in partnership with Julius Capital Bank to launch a “digital securities issuance and secondary trading” platform built on the… Read More

August 7, 2019 @ 3:55 pm By JD Alois  |  

130 Crypto Investigations Have Been Launched in the US and Canada The North American Securities Administrators Association (NASAA), the lobbying association representing state and provincial securities regulators, says there has been an increase in crypto-related fraud as “investors and con artists alike have returned to… Read More