June 6, 2019 @ 3:49 am By JD Alois  |  

Following a recent VC round where they raised a reported $7 million,  Standard Tokenization Protocol Partner is now pursuing an Initial Exchange Offering (IEO) by partnering with Malta-based Bittrex International. Bill Shihara of Bittrex International said that every action they take is guided by their… Read More

June 6, 2019 @ 2:10 am By JD Alois  |  

Security tokenization platform BlockState will raise capital via its own website, according to a note from the firm. BlockState, a Switzerland-based blockchain focused company, will commence the sale for equity tokens beginning June 18, 2019. BlockState said its intent was to showcase the entire security… Read More

June 5, 2019 @ 10:10 pm By JD Alois  |  

Marketplace lending platform LendingClub (NYSE:LC) has appointed Alexandra Shapiro as their new Chief Marketing Officer (CMO). This will be LendingClub’s first CMO since current CEO Scott Sanborn was elevated from that role to manage the Fintech lender. According to a note from LendingClub, Shapiro will… Read More

June 5, 2019 @ 9:34 pm By JD Alois  |  

Auckland-based craft brewer, Behemoth Brewing Company, has launched an equity crowdfunding campaign on PledgeMe. Behemoth Brewing Company currently exports to 11 countries and is seeking growth capital. The company seeks to raise a combined total of $3.5 million through the equity offer with $2 million… Read More

June 5, 2019 @ 4:32 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has added new fraud charges against Longfin Corp. and its CEO for falsifying the company’s revenue. Longfin’s former consultant Andy Altahawi was also included in the action for “fraudulently securing the company’s listing on Nasdaq.” In April of 2018,… Read More

June 5, 2019 @ 3:33 pm By JD Alois  |  

In the wake of the Security and Exchange Commission’s (SEC) enforcement action against Kik and the Kin initial coin offering (ICO), it appears that Coinbase’s name, as well as Circle’s, has been scrubbed from the list of supporters on the DefendCrypto website. DefendCrypto was concocted… Read More

June 5, 2019 @ 2:01 pm By JD Alois  |  

Real estate crowdfunding platform RealCrowd reports that High Net Worth (HNW) investors are looking to increase their portfolio of real estate investments during 2019. According to a survey by the Fintech platform, 53% of surveyed HNW individuals expect to make “two-to-four direct real estate investments… Read More

June 5, 2019 @ 1:20 pm By JD Alois  |  

Alternative & Direct Investment Securities Association (ADISA), a trade association for the retail alternative investment space, has commented on the Securities & Exchange Commission’s (SEC) vote to approve the final version of Regulation Best Interest. Under Regulation Best Interest, broker-dealers will be required to act… Read More

June 5, 2019 @ 10:32 am By JD Alois  |  

Apple (NASDAQ:AAPL) is going crypto, so it seems. This week Apple held its annual World Wide Developers Conference (WWDC) sharing all of their forthcoming software updates along with a super expensive, high powered Mac Pro. During one of the many developer sessions, Apple announced a… Read More

June 5, 2019 @ 9:30 am By JD Alois  |  

Paxos, a regulated crypto custody and investment platform, has selected Daniel Burstein as its General Counsel and Chief Compliance Officer. Burstein previously served as Executive Deputy Superintendent and Acting Chief of Staff for the New York State Department of Financial Services (NYDFS), so he has… Read More

June 5, 2019 @ 9:13 am By JD Alois  |  

The Financial Conduct Authority (FCA) and the Dutch Authority for the Financial Markets (AFM) have signed a formal agreement to work more closely together as financial services firms look to maintain a foothold in continental Europe. The FCA states that since the UK announced its… Read More

June 5, 2019 @ 8:53 am By JD Alois  |  

The Financial Conduct Authority (FCA) has announced that Baroness Zahida Manzoor CBE has been appointed Chair of the Financial Ombudsman Service. Baroness Manzoor will step into the role in August taking over from Sir Nicholas Montagu who is stepping down after more than seven years in… Read More

June 5, 2019 @ 8:05 am By JD Alois  |  

This falls under the category of recently discovered as this report by Deloitte Luxembourg was released several months ago. But while much of what the authors have to say will come as accepted gospel to industry advocates, Deloitte makes a few interesting points. The Deloitte… Read More

June 4, 2019 @ 8:39 pm By JD Alois  |  

Kik’s Hail Mary Pass. As Crowdfund Insider reported earlier today, the Securities and Exchange Commission (SEC) has publicly revealed the allegations against Kik and the issuance of the Kin tokens. In 2017, Kik completed an initial coin offering (ICO) that raised a whopping $100 million… Read More

June 4, 2019 @ 5:53 pm By JD Alois  |  

The IFRS (International Financial Reporting Standards Foundation) has been ruminating on the challenges of accounting for cryptocurrency for some time now. Next week (June 11-12), the IFRS Interpretations Committee will be holding a meeting in London with crypto on the agenda listed as one of… Read More

June 4, 2019 @ 2:16 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has publicly announced its lawsuit against Kik Interactive for conducting an illegal $100 million securities offering of “Kin” digital tokens in an initial coin offering (ICO). The legal action should come as no surprise to industry followers as Kik… Read More

June 4, 2019 @ 12:52 pm By JD Alois  |  

Beyond Meat (NASDAQ:BYND) completed an initial public offering (IPO) in May raising $240 million at a valuation of about $1.5 billion. The unicorn has since bucked the recent IPO trend – rocketing quite a bit higher. As of today, Beyond Meat is trading at over… Read More

June 4, 2019 @ 10:16 am By JD Alois  |  

Julia Groves, Partner and Head of Digital at investment platform, Downing LLP and long-time UK Crowdfunding Association Director, issued a statement on updated rules for loan and investment-based crowdfunding revealed by the UK Financial Conduct Authority (FCA) today. Groves was complimentary of the new rules… Read More

June 4, 2019 @ 8:51 am By JD Alois  |  

EstateGuru, an Estonian lending marketplace dedicated to cross-border property finance, has received the backing of Speedinvest f – a fund launched by Speedinvest, targeting Fintech investments across Europe. In a release, EstateGuru said that Speedinvest will support its geographic expansion across Europe. The amount of… Read More

June 4, 2019 @ 7:52 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has published a long-anticipated update to crowdfunding rules. More specifically, the FCA has “enhanced” aspects of investor protection for investors participating in peer to peer lending (P2P). Rules for investment crowdfunding, on the other hand, came out largely unchanged…. Read More