May 22, 2019 @ 9:56 am By JD Alois  |  

Digital asset firm Circle has let go 10% of its workforce or 30 individual employees. Circle founder and CEO Jeremy Allaire explained the move in a series of tweets. Allaire said: “We made these changes in response to new market conditions, most importantly, an increasingly… Read More

May 22, 2019 @ 9:33 am By JD Alois  |  

Challenger bank Tandem has formed a partnership with “social mobility charity,” Brightside, to educate the youth on financial management. According to Tandem, a pilot program has been launched to deliver a program to a North London school to students aged 16 to 18 “offering a… Read More

May 22, 2019 @ 7:50 am By JD Alois  |  

Voom is poised to provide on-demand insurance following the completion of a $5 million Series A funding round, according to a note from the company. Voom, a Tel Aviv based startup, received the capital injection from Arbor Ventures with participation from returning investors F2 Capital,… Read More

May 22, 2019 @ 6:00 am By JD Alois  |  

Goren Holm Ventures (GHV), a Fintech and blockchain-focused venture studio has joined Draper Venture Network’s DVN Beta program. GHV was founded by Alon Goren and Josef Holm, co-creators of Crypto Invest Summit and Security Token Summit. GHV has evolved into a venture studio, accelerating six… Read More

May 21, 2019 @ 5:40 pm By JD Alois  |  

Yes, it appears to be true. Bitconnect, a poster child for crypto hubris and scams, seems to be poised to be reanimated as a crypto exchange in Bitconnect 2.0. While it is not clear who is behind the new site hopefully the sequel is far… Read More

May 21, 2019 @ 11:38 am By JD Alois  |  

Popular crypto exchange Kraken is crowdfunding. Kraken has partnered with Bnk to the Future to “create a rare, but limited opportunity for both large and small investors to own shares of Kraken stock.” Kraken claimed over $85 billion in crypto trading during 2018. Beginning yesterday… Read More

May 21, 2019 @ 11:21 am By JD Alois  |  

Last week Regulation Crowdfunding, or Reg CF as it is affectionately called, celebrated its 3rd birthday. While the JOBS Act legislation that created online capital formation was signed into law in 2012, final rules for Reg CF did not become actionable into about 4 years… Read More

May 21, 2019 @ 9:54 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has receved another emergency court order halting an alleged initial coin offering (ICO) fraud. According to the SEC, a $30 million Ponzi scheme, led by South Florida-based Argyle Coin, and its principal Jose Angel Aman, targeted over 300 US… Read More

May 21, 2019 @ 9:00 am By JD Alois  |  

Fintech Marqeta is the newest addition to the Unicorn herd as it has closed on $260 million funding round at a $2 billion valuation. The Series E round, led by Coatue Management, should help solidify Marqeta’s importance in the burgeoning card issuance market both domestically… Read More

May 21, 2019 @ 8:36 am By JD Alois  |  

Evarvest, a startup that is striving to “unite the worlds stock exchanges, making it simple to invest” is crowdfunding on Seedrs. Evarvest is looking to raise a minimum amount of £75,000 at a pre-money valuation of £1.175 million. As of today, Evarvest has raised over… Read More

May 21, 2019 @ 7:48 am By JD Alois  |  

Community benefit society Broadband for the Rural North (or B4RN) has raised £2 million in a bond following its first close on the Triodos crowdfunding platform. Founded in 1980, Triodos Bank focuses on sustainable banking globally. Triodos Bank is active in the Netherlands, Belgium, the UK,… Read More

May 21, 2019 @ 7:20 am By JD Alois  |  

Raisin, a Fintech that has taken a simple concept of removing geographic barriers for savers seeking a better return on their money, is finally crossing the Atlantic to enter the massive US market. Germany based Raisin has selected Paul Knodel as US CEO as it… Read More

May 21, 2019 @ 2:01 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has published a report addressing frauds and scams in the cryptocurrency and Forex sector. According to the FCA, over £27 million has been lost from these scams during the 2018/2019 period. Reports of scams topped 1,800 – 3X versus… Read More

May 20, 2019 @ 10:49 pm By JD Alois  |  

Fundopolis, an equity crowdfunding platform, is working with AlphaPoint to provide tokenization to issuers and perhaps digital asset trading at some point in the future. In a release, Fundopolis said it plans to use AlphaPoint’s platform to assist with the issuance of equity crowdfunding perks…. Read More

May 20, 2019 @ 9:59 pm By JD Alois  |  

Jeremy Allaire, CEO and founder of digital asset firm Circle, took to the pages of the site’s blog to lament the state of regulation in the US when it comes to crypto. Allaire said his post was driven in part to their decision to “geofence,”… Read More

May 20, 2019 @ 6:13 pm By JD Alois  |  

Crowdfund Insider has just received a note that the Loi Pacte (Pacte Law) has been finalized and will become actionable beginning in June. The new regulatory regime will enable initial coin offering (ICO) issuers to raise capital online and sell digital assets which are not… Read More

May 20, 2019 @ 5:39 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have both signed the IOSCO Enhanced Multilateral Memorandum of Understanding Concerning Consultation and Cooperation and the Exchange of Information (EMMoU). The announcement comes following the 44th Annual International Organization of Securities Commissions… Read More

May 20, 2019 @ 11:39 am By JD Alois  |  

The UK Economic Secretary to the Treasury, John Glen, delivered a speech today during CityWeek 2019. In his presentation, Glen spoke about the robust strength of the UK economy even while Brexit questions remain. Glen noted that unemployment is down, wages up, inflation is steady…. Read More

May 20, 2019 @ 9:32 am By JD Alois  |  

Bitcoin Loved by Search BlockState, a security token issuance platform, has posted research regarding investor interest in traditional versus digital assets. According to BlockState, the average internet user is far more interested in crypto, like Bitcoin, Ethereum and Ripple, than traditional assets like bonds or… Read More

May 20, 2019 @ 8:30 am By JD Alois  |  

Announced last week, the Securities Commission Malaysia revealed updated regulations as well as the approval of 8 new “Regulated Market Operators” serving the investment crowdfunding – peer to peer financing market. Included in the list of approved platforms of the first Islamic Equity Crowdfunding license,… Read More