February 28, 2019 @ 10:12 pm By JD Alois  |  

Last September, the Consumer Financial Protection Bureau (CFPB) issued a statement on their proposed regulatory sandbox – a concept trailblazed by the UK Financial Conduct Authority (FCA) and since embraced by multiple regulators around the world. At the time of the earlier announcement, the CFPB… Read More

February 28, 2019 @ 11:20 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed a motion for an order to show cause, on February 25, why Elon Musk, CEO of Tesla, should not be held in contempt for violating the terms of the Court’s October 16, 2018, Final Judgment. The agreed… Read More

February 28, 2019 @ 11:03 am By JD Alois  |  

Investment crowdfunding platform NextSeed has launched a new initiative that is more analog than digital. NextSeed has opened up a “pop-up residency” a first by the platform. The inaugural experience is the Waffle Bus Pop Up. The community-driven investment platform focuses on local offerings. The… Read More

February 28, 2019 @ 10:14 am By JD Alois  |  

The deadline is rapidly approaching for Brexit and still, there is not a mutually agreeable deal in sight. Of course, the date of the divorce could be pushed back but that does not mean preparations should push pause. The UK Financial Conduct Authority is in… Read More

February 28, 2019 @ 9:31 am By JD Alois  |  

Crowdfunding platform SyndicateRoom is reporting that their EIS friendly fund “Fund Twenty8” has invested in 32 UK startups ahead of schedule. The passive investment vehicle that enables investors to gain access to a diversified portfolio of early-stage firms has injected £3.2 million in the companies…. Read More

February 28, 2019 @ 8:58 am By JD Alois  |  

Equity crowdfunding platform and secondary trading marketplace Seedrs has posted a survey on Brexit. The fast-approaching divorce with the European has policymakers concerned around the world. The many known unknowns creates additional risk for the UK – an economy that has been small business friendly… Read More

February 28, 2019 @ 8:14 am By JD Alois  |  

Online property lender LendInvest has formed a new partnership with buy-to-let mortgage distributor TBMC to offer its loans through the specialist packager’s broker panel.a According to the TBMC website, the company has operated in the buy-to-let and commercial mortgage markets since 1989. They are specialists… Read More

February 27, 2019 @ 9:00 pm By JD Alois  |  

It is almost inevitable that topics regarding Fintech surface in Congressional hearings that address the financial services industry. This week’s hearings involving the House Financial Services Committee and Federal Reserve Chairman Jay Powell were no different and some of the questionings went beyond payments. There… Read More

February 27, 2019 @ 7:31 pm By JD Alois  |  

The Treasury of the Australian Government launched a public consultation on the initial coin offering (ICO) marketplace in January and the process closes today (February 28th). The consultation is part of a broader policy initiative to foster innovation in the financial services industry. Like much… Read More

February 27, 2019 @ 11:39 am By JD Alois  |  

Movie director Daniel Adams and music producer Michael Flanders, and companies under their control have been charged with fraud by the Securities and Exchange Commission (SEC). The allegations of fraud are associated with the production of the film: An L.A. Minute. Adams has been involved… Read More

February 27, 2019 @ 11:03 am By JD Alois  |  

Huobi Global is now offering deposit and withdrawal service for Tether (USDT) in both its Omni Protocol and ERC20 token form. Prior to today, Huobi only offered USDT linked to Bitcoin’s Omni layer. Bitcoin-based USDT and Ethereum-based USDT are considered two separate cryptocurrencies which run on different… Read More

February 27, 2019 @ 10:44 am By JD Alois  |  

The Online Lenders Alliance (OLA), a group that claims up to 80% of all online lending in the US, has published a report on industry fraud and abuse. The report, created in part by using a web crawler designed to “weed out” bad actors, has… Read More

February 27, 2019 @ 9:24 am By JD Alois  |  

Orca Money is finally launching its long-anticipated Innovative Finance ISA (IFISA). Orca’s spin on the savings vehicle allows investors to spread their money across multiple peer-to-peer lenders (P2P) thus providing a heightened degree of diversification. Additionally, Orca Money conducts due diligence on behalf of IFISA investors…. Read More

February 27, 2019 @ 8:36 am By JD Alois  |  

In a blog post earlier this week, cryptocurrency exchange Bitfinex reported that 27.66270285 BTC (approximately $105,000) have been returned to customers due to the efforts of US law enforcement. The returned Bitcoins were part of a theft that took place in 2016. Bitfinex reported that it… Read More

February 27, 2019 @ 8:18 am By JD Alois  |  

Pixie, a payment and loyalty app for independent businesses founded in 2013, is seeking £500,000 on Crowdcube. The crowdfunding offering is scheduled to close in less than two weeks having topped £273,000 backed by 56 investors. Pixie is selling a 5.26% equity stake in the… Read More

February 27, 2019 @ 7:32 am By JD Alois  |  

The Gibraltar Blockchain Exchange (GBX) has added OmiseGo (OMG) token to its Digital Asset Exchange (GBX-DAX). OMG will have trading pairs with USD, BTC, and ETH on the GBX-DAX. OmiseGO is a blockchain-based payment gateway that enables peer-to-peer transactions in real-time. The OMG network  is said to… Read More

February 26, 2019 @ 9:31 pm By JD Alois  |  

Last week Crowdfund Insider attended the KoreSummit in Miami – a security token focused event. The opening presentation was delivered by David Weild, a former Vice Chairman of NASDAQ and now CEO of his own firm Weild & Co. Weild, a staunch proponent of the… Read More

February 26, 2019 @ 4:58 pm By JD Alois  |  

JP Morgan Chase held their annual investor day today. The full stack, day-long event, covers all aspect of the money center bank’s operations. In a report by CNBC, it was mentioned that Jamie Dimon, CEO of JPM, commented on the previously announced JPM Coin, a… Read More

February 26, 2019 @ 8:00 am By JD Alois  |  

CrowdProperty, a UK based peer to peer lender, is reporting a couple of milestones. Following the funding of the 70th project, CrowdProperty says it has now funded 500 UK homes worth more than £80 million. The P2P lender says over £30 million has been lent… Read More

February 26, 2019 @ 6:00 am By JD Alois  |  

Binance has added support for Zcoin (XZC), a privacy coin to Trust Wallet. The company said this was part of their ongoing commitment to privacy projects. Trust Wallet is the official wallet of Binance, the largest cryptocurrency exchange in operation. Trust Wallet is a mobile… Read More