July 31, 2019 @ 6:58 pm By JD Alois  |  

Groundfloor, an investing and lending platform for real estate investment loans, has closed on a $3 million public offering raising equity capital from 1580 new and existing investors. To date, Groundfloor has now raised $18.3 million in growth capital and 20% of its shares are… Read More

July 31, 2019 @ 12:27 pm By JD Alois  |  

Huobi, a crypto exchange and digital asset ecosystem, has partnered with Global Digital Finance (GDF) to help establish best practices and standards for the emerging digital asset marketplace. GDF launched in the UK in 2018 and claims a good number of digital asset focused members…. Read More

July 31, 2019 @ 10:04 am By JD Alois  |  

Expend, a Fintech in the business expense management sector, is scheduled to close its crowdfunding round on SyndicateRoom later today. Valued at £12.5 million, Expend has now raised £1.33 million topping its initial goal of £750,000. Expend is said to be processing over £1 million… Read More

July 31, 2019 @ 8:52 am By JD Alois  |  

FCA: “any token that is not a security token, or an e-money token is an unregulated token.” The UK Financial Conduct Authority (FCA) has published its much anticipated final guidance on cryptoassets following a feedback period on prior commentary. The FCA has now established which… Read More

July 30, 2019 @ 5:36 pm By JD Alois  |  

Following a solid top and bottom-line beat for the Q3 earnings report, Apple CEO Tim Cook confirmed that Apple Card, the credit card crafted in partnership with Goldman Sachs, will launch in August. Apple Card is an extension of Apple Pay and the Apple Wallet…. Read More

July 30, 2019 @ 1:28 pm By JD Alois  |  

The US Senate Banking Committee held a hearing today entitled Examining Regulatory Frameworks for Digital Currencies and Blockchain. The Hearing is part of an ongoing process of education and understanding regarding the emerging digital asset ecosystem and the technology that supports it. Earlier this month,… Read More

July 30, 2019 @ 10:06 am By JD Alois  |  

Polymath Network has been somewhat quiet in the past few months but today the blockchain ecosystem has some news. Polymath has announced the launch of “Poho” a major upgrade to their protocol. According to a release, Polymath’s ST-20 standard is now compliant wit the ERC… Read More

July 30, 2019 @ 9:35 am By JD Alois  |  

Blockchain and eCommerce company Overstock (NASDAQ:OSTK) has declared a digital dividend that gives shareholders a single “Digital Voting Series A-1 Preferred Stock” for every ten shares of common stock. Shareholders of record on September 23, 2019, will receive the shares on November 15, 2019. Digital… Read More

July 30, 2019 @ 8:40 am By JD Alois  |  

Ripple, one of the largest cryptocurrencies/blockchain platforms in the world, is asking Congress to be thoughtful in how they regulate digital assets going forward. In an Open Letter to Congress, Ripple management takes a very different approach in contrast to Facebook’s frontal assault with the… Read More

July 30, 2019 @ 8:15 am By JD Alois  |  

Raisin has announced a new partnership with Legal & General, one of the largest asset managers in Europe. The agreement will provide Legal & General customers with access to Raisin’s UK savings marketplace. Raisin described the deal partnership as a “major deal.” Legal & General… Read More

July 30, 2019 @ 7:50 am By JD Alois  |  

Robo.cash, a peer to peer lending platform operating in Europe as well as parts of Asia, has surveyed their investors and come to the conclusion that individuals in different parts of Europe – invest differently.  According to Robo.cash, investors in Central Europe tend to make… Read More

July 29, 2019 @ 7:44 pm By JD Alois  |  

Earlier today before market open, online lender Ondeck (NYSE:ONDK) posted Q2 earnings. Ondeck said that it generated net income of $4.3 million, adjusted net income of $6.9 million and gross revenue of $110.2 million. Second-quarter results were inclusive of the company’s business combination with Evolocity… Read More

July 29, 2019 @ 6:27 pm By JD Alois  |  

Elevate Credit (NYSE: ELVT) announced the exit of CEO Ken Rees today a Q2 earnings release missed on top-line numbers and the Fintech lowered guidance for Q3. Current COO Jason Harvison was selected to be interim CEO as the firm seeks a full-time replacement. Rees… Read More

July 29, 2019 @ 4:38 pm By JD Alois  |  

Beyond Meat (NASDAQ:BYND), a company that has had beyond fantasy run following its initial public offering earlier this year, reported Q2 earnings today. According to the company, operations generated revenues of $67.3 million, an increase of 287%, and a net loss of $9.4 million or… Read More

July 29, 2019 @ 4:06 pm By JD Alois  |  

Jeremy Allaire, CEO and co-founder of Circle and representative of the Blockchain Association, will testify in front of the US Senate Banking Committee tomorrow beginning at 10 AM ET. Allaire, the only crypto industry executive to testify, will have his work cut out for him… Read More

July 29, 2019 @ 12:29 pm By JD Alois  |  

The Securities and Exchange Commission’s first Cyber Unit Chief, Robert Cohen, is leaving the SEC after 15 years at the federal regulator. The Cyber Unit was created in 2017 is it became apparent the SEC needed to focus greater attention on digital assets, more specifically… Read More

July 29, 2019 @ 12:13 pm By JD Alois  |  

NGC Ventures has invested in “DeFi for enterprise” startup Helis Network. Singapore based Helis just closed on a $500,000 seed round. The NGC Ventures II fund is a “multi-strategy crypto fund” managed by the blockchain investment firms NGC Ventures. According to a release, additional investments… Read More

July 29, 2019 @ 11:51 am By JD Alois  |  

Genesis, a digital asset trading and lending platform that is also a broker-dealer registered with FINRA, and a BitLicense holder with the New York State Department of Financial Services, reports that its services are booming. According to a release from last week, Genesis’ Q2 performance… Read More

July 29, 2019 @ 10:55 am By JD Alois  |  

Lending platform Alchemy Fintech has formed a “definitive” partnership with Argyle. Argyle seeks to provide infrastructure for businesses and end-users alike to access workforce data. By integrating with  Argyle, uses may create a more efficient underwriting, monitoring, and fine-tuned user experience. Alchemy, a Fintech startup… Read More

July 29, 2019 @ 8:41 am By JD Alois  |  

“Uber for beauty” company blow LTD is returning to Seedrs to raise more capital. According to a release, blow is launching a £1.5 million funding round on Seedrs. The round is being led by blow LTDs existing investor, Unilever Ventures, which has invested £800,000. The… Read More