December 10, 2018 @ 12:29 pm By JD Alois  |  

Neufund announced its first security token offering or “equity token offering” last month. The first primary issuance of a security on blockchain is for its parent company Fifth Force GmbH. The offering commenced on November 27th. Neufund’s offering is described as providing an example of a… Read More

December 10, 2018 @ 11:49 am By JD Alois  |  

Today, UK Prime Minister Theresa May announced that the vote on her Brexit proposal, originally scheduled for tomorrow, will now be delayed. PM May stated: I have listened very carefully to what has been said, in this chamber and out of it, by members from all… Read More

December 10, 2018 @ 10:55 am By JD Alois  |  

Peer to peer lending platform Bondora says loan originations almost hit €8 million during the month of November. This follows a record-breaking month of October In November, Bondora issued €7,894,070 of new loans, just ahead of the record set for originations in the previous month of €7,802,163. Much of… Read More

December 10, 2018 @ 10:40 am By JD Alois  |  

Korea based Viva Republica, creator of the peer to peer money transfer service Toss, has raised $80 million led by some pretty big names. VCs Kleiner Perkins and Ribbit Capital led the funding round. The investment has delivered unicorn status for the Fintech as the… Read More

December 10, 2018 @ 9:08 am By JD Alois  |  

While insurance may not be considered a ‘sexy’  industry it is incredibly important (most people consume it) and absolutely enormous at an estimated $4.1 trillion of annual gross premiums paid. Innovations in the insurance sector may transform the industry to a degree far beyond what… Read More

December 10, 2018 @ 7:49 am By JD Alois  |  

The Swiss Financial Market Supervisory Authority (FINMA) has outlined the requirements for anti-money laundering (AML) and firms seeking a Fintech license. Last week, FINMA issued the general guidelines for their Fintech license which is designed to encourage innovation in financial services by providing a streamlined approach… Read More

December 10, 2018 @ 7:36 am By JD Alois  |  

The Gibraltar Blockchain Exchange (GBX) says it will provide insurance coverage for listed digital assets. The coverage is for assets in the custody of the GBX, including both hot and cold wallets. According to a release, GBX has partnered with Gibraltar based firm Callaghan Insurance to provide… Read More

December 10, 2018 @ 7:09 am By JD Alois  |  

First crowdfunded on Seedrs in 2015, Oppo Brothers has received a buyout offer from HP Wild Holding AG that will deliver a 4.35x return for early investors, according to a note from the crowdfunding platform. Seedrs added that once EIS tax benefits are taken into consideration,… Read More

December 9, 2018 @ 3:29 pm By JD Alois  |  

An initial coin offering (ICO) that apparently raised $158 million is running out of money, according to a recent tweet. The statement was quickly denied by Sirin Labs CEO Moshe Hogeg who claimed they only raised 205,000 ETH – currently worth about USD $20 million…. Read More

December 8, 2018 @ 6:41 pm By JD Alois  |  

Following a relatively strong October, Reg CF (Regulation Crowdfunding) crowdfunding dipped by almost half, according to the monthly StartEngine Index. In October, companies raising money under the securities exemption raised $10.6 million a – record month. In November, companies raised just $5.6 million – a significant decline. StartEngine hypothesizes that Thanksgiving,… Read More

December 8, 2018 @ 9:52 am By JD Alois  |  

Last month, CI attended the annual LendIt Fintech Europe event which has taken place in London over the past few years – even while Brexit hangs like an ominous cloud over the European financial center. London, consistently described as the leading Fintech hub in the… Read More

December 7, 2018 @ 5:19 pm By JD Alois  |  

Coinbase announced today its intent to explore the addition of a “broad range of assets.” Coinbase has consistently stated its intent to add more digital assets over time. The company said its goal is to support digital assets that meet their standards and are “fully… Read More

December 7, 2018 @ 12:34 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has just published the agenda for the 2018 Government-Business Forum on Small Business Capital Formation. An annual event, this year’s Forum will take place in the Heartland of Ohio hosted by Ohio State University, Max M. Fisher College of… Read More

December 7, 2018 @ 10:59 am By JD Alois  |  

The Gibraltar Stock Exchange (GSX) Group has joined with a group of blockchain based companies to form the “Millbrook Accord.” This new entity seeks to “create a Verified Token Framework (VTF) to provide interoperable security token guidelines.” The Millbrook Accord was created during the Blockchain South Leadership Summit 2018… Read More

December 7, 2018 @ 10:20 am By JD Alois  |  

Terrell McSweeny, a Former FTC Commissioner and current partner at Covington & Burling, is joining Georgetown Law’s Institute for Technology Law & Policy as a distinguished fellow. McSweeny departed the FTC this past April. The Institute notes that McSweeny played key roles at the FTC and Department of… Read More

December 7, 2018 @ 9:53 am By JD Alois  |  

ICOx Innovations (TSXV and OTC: ICOX) plans to list on the Canadian TSX Venture exchange. ICOx is a company that “designs and creates blockchain economies for established companies to benefit and grow their businesses through blockchain technologies and branded cryptocurrencies.” In a release, the company… Read More

December 6, 2018 @ 6:33 pm By JD Alois  |  

Several weeks back, CI covered the draft legislation for pan-European crowdfunding rules from the European Parliament. At that time, initial coin offerings (ICO) were part of the possible legislation. Crowdfunding is part of the European Union Fintech Action plan that directly aligns with the Capital… Read More

December 6, 2018 @ 3:16 pm By JD Alois  |  

The Bureau of Consumer Financial Protection (BCFP – formerly known as the CFPB) has a new full-time director. Today, Kathleen Kraninger, a long time congressional staffer and DC veteran, was approved by the Senate. Kraninger will take over from interim director Mick Mulvaney who was also… Read More

December 6, 2018 @ 10:14 am By JD Alois  |  

Security token issuance platform Neufund has announced a new partnership with Ledger, a crypto wallet and secure custody platform for digital assets. Ledger’s solutions are already incorporated into Neufund’s platform and this new agreement builds on previous collaboration, which created a special edition of the Ledger Nano S… Read More

December 6, 2018 @ 9:20 am By JD Alois  |  

Investment Crowdfunding Success. Global crowdfunding platform FundedByMe is out with a note commenting on the rise of Uniti. Uniti is an electric car manufacturer startup that started in Sweden. Uniti first launched in 2015, is the creation of entrepreneur Lewis Horne.  Uniti is an electric city… Read More