June 27, 2019 @ 9:21 am By JD Alois  |  

tZERO, a subsidiary of Overstock (NASDAQ:OSTK), has announced a crypto wallet and exchange services app via its “tZero Crypto unit.” tZERO Crypto is operated as a dba of Bitsy, Inc. and is a wholly owned subsidiary of tZERO. tZero states that investors who want to… Read More

June 27, 2019 @ 8:32 am By JD Alois  |  

Paxos, a trust company regulated by the New York State Department of Financial Services, has partnered with Binance, the world’s largest crypto exchange, to integrate a new deposit gateway. According to Paxos, the portal will allow traders to exchange fiat directly for PAX on the… Read More

June 26, 2019 @ 11:33 pm By JD Alois  |  

Totle, a platform that provides liquidity for ERC 20 tokens, has announced Totle Swap a new way to gain liquidity in the crypto market. Totle Swap is designed to simplify trading tokens by offering an intuitive interface to automatically provide the best price available on… Read More

June 26, 2019 @ 3:41 pm By JD Alois  |  

HM Treasury and the Financial Conduct Authority (FCA) recently organized a workshop on assisting low-income renters. Predicated on the fact that rental insurance has “very low take-up” amongst a lower demographic, Treasury and the FCA invited multiple firms to attend an “Access to Contents Insurance… Read More

June 26, 2019 @ 11:29 am By JD Alois  |  

Equisafe has completed the very first real estate transaction facilitated by blockchain in France, according to a report. Equisafe is described as a “neo investment bank” for digital security issuance. Equisafe can provide a variety of services including security token issuance and a secondary market… Read More

June 26, 2019 @ 10:44 am By JD Alois  |  

N26, a digital challenger bank based in Germany, expects to launch in the US in the coming weeks. A series D funding round announced in early 2019 was described as providing the war-chest necessary to launch, and compete, in the highly fragmented US banking marketplace…. Read More

June 26, 2019 @ 9:29 am By JD Alois  |  

The Association of Online Investment Platforms (AOIP) has published a series of policy recommendations encouraging Congress to act and improve the online capital formation marketplace by fixing existing flaws in crowdfunding rules. The AOIP is a newer advocacy group formed in the last year. The… Read More

June 26, 2019 @ 8:34 am By JD Alois  |  

Bitcoin is moving, once again. The most popular crypto has earned its wings as a popular speculation vehicle – driven by geopolitical events and perhaps some manipulation. Advocates proclaim its purity and lack of affiliation with any central agency. Detractors denounce it as little more… Read More

June 26, 2019 @ 7:58 am By JD Alois  |  

ICONLOOP, one of the largest blockchain enterprises in South Korea, has received regulatory approval for its ID services, according to a note from the company. ICONLOOP uses a proprietary blockchain engine “loopchain.” ICONLOOP has created a blockchain based digital ID service that may be used… Read More

June 26, 2019 @ 7:41 am By JD Alois  |  

Revolut has announced that Apple Pay is rolling out in 12 more countries: Bulgaria, Croatia, Cyprus, Estonia, Greece, Latvia, Lithuania, Malta, Portugal, Romania, Slovakia, and Slovenia. That makes 28 markets that Apple pay is available for Revolut customers. Revolut customers may use their iPhone, iPad,… Read More

June 26, 2019 @ 3:26 am By JD Alois  |  

Financial Conduct Authority (FCA) Director of Competition Christopher Woolard testified before the House Financial Services Committee Fintech Task Force today. The other witnesses participating in the hearing included: Paul Watkins, Assistant Director, Office of Innovation, Consumer Financial Protection Bureau (CFPB) Beth Knickerbocker, Chief Innovation Officer,… Read More

June 25, 2019 @ 2:46 pm By JD Alois  |  

Varo Money, one of a handful of US-based digital challenger banks seeking to receive a bank charter from the Office of Comptroller of the Currency (OCC), is shutting down its consumer lending division, according to a reliable source. Multiple employees are said to be looking… Read More

June 25, 2019 @ 2:37 pm By JD Alois  |  

While it is a fact we all need bank-like services it is also true we do not necessarily need a traditional bank. The digitization of finance has liberated the masses from paper driven, brick and mortar operations to the bank of the iPhone (or Android… Read More

June 25, 2019 @ 12:15 pm By JD Alois  |  

The Hong Kong Monetary Authority (HKMA) has posted a deck on GFin or the Global Financial Innovation Network. Hong Kong has emerged as a leading Fintech hub having embraced innovation in financial services. GFiN was launched by the UK Financial Conduct Authority (FCA) a bit… Read More

June 25, 2019 @ 12:06 pm By JD Alois  |  

LedgerX, a crypto trading platform that specializes in physically-settled digital currency derivatives, has been approved by the Commodity Futures Trading Commission (CFTC) as a designated contract market (DCM). DCMs are exchanges that may list for trading futures or option contracts based on all types of commodities and… Read More

June 25, 2019 @ 10:19 am By JD Alois  |  

The Mayor of London, Sadiq Khan and Funding London CEO, Maggie Rodriguez-Piza, have announced the appointment of three new directors to the Funding London Board. Funding London was launched in 2004 to provide venture capital and debt capital to SMEs, on behalf of the Mayor… Read More

June 25, 2019 @ 9:11 am By JD Alois  |  

Yesterday, Crowdfund Insider previewed Freetrade’s crowdfunding round on Crowdcube. Today, the offer is live and out of private mode so we wanted to provide an update. As it stands now, Freetrade has easily topped its low-end hurdle of £1 million as it seeks to raise… Read More

June 25, 2019 @ 8:39 am By JD Alois  |  

Peer to peer lender and digital bank Zopa is out with note highlighting the fact that consumers too frequently do not receive the interest rate they expect when applying for a loan. In fact, Zopa states that an astounding two-thirds of loan applicants are offered… Read More

June 24, 2019 @ 8:30 pm By JD Alois  |  

TrustToken is issuing a stablecoin backed by Hong Kong dollars. TrustToken says this is the first stablecoin pegged to an Asian currency. TrueHKD will be pegged one-to-to one with the Hong Kong dollar that is currently worth about USD $0.13. TrustToken has partnered with Legacy… Read More

June 24, 2019 @ 4:14 pm By JD Alois  |  

Patrick McDonnell (46), aka “Jason Flack,” has copped a plea of a single fraud charge in an ongoing case of cryptocurrency fraud.  McDonnell was indicted last March. McDonnell operator of CabbageTech, a company that was doing business as Coin Drop Markets, faces up to 20… Read More