November 8, 2018 @ 9:32 am By JD Alois  |  

The Blockchain Transparency Institute (BTI) has published their second exchange rankings report and according to their numbers – wash trading persists as a profound problem as crypto exchanges seek to boost their perceived relevance in the lucrative sector of crypto. According to the BTI: “many of these exchanges are… Read More

November 8, 2018 @ 1:14 am By JD Alois  |  

Matching what several European countries have already done, the Economic and Monetary Affairs Committee of European Parliament voted this week to boost the crowdfunding cap to € 8 million across all of the European member states. This stands in contrast to an existing proposal emanating out of… Read More

November 7, 2018 @ 9:02 pm By JD Alois  |  

RealtyShares, one of the more promising entrants in the once-hot real estate crowdfunding sector, is shutting down, according to several sources. A write up in the RealDeal from earlier today said the investment platform had been unable to raise additional growth capital as investors failed to… Read More

November 7, 2018 @ 7:01 pm By JD Alois  |  

Zopa, the UK’s largest consumer peer to peer lending platform, has closed on a £60 million funding round – its largest capital raise to date. This most recent funding round was partially announced back in August when Zopa reported it had raised £44 million. The new capital… Read More

November 7, 2018 @ 2:57 pm By JD Alois  |  

The Texas State Securities Board has issued an emergency cease and desist order to two ostensible cryptocurrency miners. Yesterday, the C&Ds were placed against Quebec, Canada-based EXY Crypto, and AWS Mining PTY Ltd., based in Sydney, Australia. Texas Securities Commissioner Travis J. Iles issued a statement indicating the… Read More

November 7, 2018 @ 11:00 am By JD Alois  |  

Yesterday, mid-term elections took place in the US and while the Republicans maintained control of the Senate, the House of Representatives moved over to the Democrats. This split government means that an already divisive, and at times excessively acrimonious, political environment will get even more… Read More

November 7, 2018 @ 10:17 am By JD Alois  |  

Recently, at the StartEngine Summit during LA Blockchain Week, CI had the chance to sit down with prominent securities attorney Linda Lerner. Lerner is Senior Counsel at Crowell Moring and a veteran lawyer with deep experience and expertise in securities issuance and regulation of stock exchanges…. Read More

November 7, 2018 @ 8:37 am By JD Alois  |  

Securitize has formed a new partnership with AmaZix – a community engagement platform for crypto projects. Securitize is a compliance platform for issuance and the management of digital securities on the blockchain. This new affiliation is said to “transform fundraising for blockchain startups, by making… Read More

November 7, 2018 @ 8:23 am By JD Alois  |  

Alpha Tau Medical, developer of a breakthrough alpha-radiation cancer therapy, has initiated new clinical trials evaluating the efficacy of their Alpha DaRT  or “Dіffusіng Alpha-emitters Radіatіon Therapy” with two leading medical centers in Rome, Italy. “Building on our recent successful round of $29 Million in… Read More

November 7, 2018 @ 7:26 am By JD Alois  |  

Leading European VC group, Draper Esprit, has led a £8.5 million funding round in UK crowdfunding platform Crowdcube. According to a release by the company, Draper Esprit has taken a £6 million stake in Crowdcube. The funding round also saw the participation of Balderton Capital… Read More

November 7, 2018 @ 7:03 am By JD Alois  |  

Perkins Coie has hired a former US Commodity Futures Trading Commission (CFTC) Division of Enforcement counsel Kari Larsen. She has joined the law firm’s Blockchain Technology & Digital Currency industry group and Investment Management practice in New York. Larsen began her career as International Operations Counsel… Read More

November 6, 2018 @ 10:46 pm By JD Alois  |  

This past September, Australia finally allowed “proprietary firms” to use “Crowd-Sourced Funding” (CSF) or investment crowdfunding to raise capital online. New legislation was signed into law that should help boost online capital formation in Australia. Before the change, only “unlisted public companies” were allowed to… Read More

November 6, 2018 @ 4:54 pm By JD Alois  |  

Marketplace lending platform LendingClub (NYSE: LC) has reported financial results for the third quarter ended September 30, 2018. According to the company, net revenue rose 20% year over year to a “record” $184.6 million. Loan originations came in higher too at $2.9 billion, up 18% year… Read More

November 6, 2018 @ 9:51 am By JD Alois  |  

Announced last week during Hong Kong Fintech Week, the Hong Kong Exchange (HKEX) has partnered with “Digital Asset” to incorporate blockchain tech as part of the trading process. In a speech by Charles Li, the Chief Executive of HKEX, the successful testing of a prototype… Read More

November 6, 2018 @ 7:40 am By JD Alois  |  

Artificial Intelligence (AI) is creeping into every sector of the economy. Financial services is a huge beneficiary of AI as it has the potential to provide better services at a lower cost to many more people. In the recent Autumn Budget presentation by Chancellor Philip… Read More

November 6, 2018 @ 6:00 am By JD Alois  |  

France is positioning itself as a jurisdiction of preference for initial coin offerings (ICOs) in Europe. The government is in the midst of finalizing legislation, under the PACTE Law,  that will regulate ICOs. While several other European countries have moved forward with specific legislation designed… Read More

November 5, 2018 @ 9:55 pm By JD Alois  |  

Singapore based peer to peer lender MoolahSense has added a cloud and blockchain based Artificial Intelligence (AI) that is said to provide real-time anticipation of loan delinquency, fraud, and default. “MoolahSense Active Intelligence” (MAI) is designed to monitor loans and borrower business activities in real-time… Read More

November 5, 2018 @ 9:11 pm By JD Alois  |  

Abundance, a crowdfunding platform that allows investors the opportunity to earn money while making the world a better place, has hit their £1.2 million goal on Seedrs.  Abundance launched their equity offering for a 6.76 stake in the firm in October. Abundance reported that pre-registered investors… Read More

November 5, 2018 @ 7:25 pm By JD Alois  |  

LXDX, a crypto exchange that claims to operate with “military-grade security protocols,” has announced an initial Security Token Offering (STO). The Malta-based corporation will issue tokens that represent a 10% stake in the company along with dividend rights. LXDX claims to be the first digital asset… Read More

November 5, 2018 @ 2:22 pm By JD Alois  |  

According to a report today, the Director of Corporate Finance, Securities and Exchange Commission (SEC), Bill Hinman, told an audience at DC Fintech Week that guidance will be forthcoming for cryptocurrency issuers. The report first picked up by CoinTelegraph, quoted Hinman: “We also will be… Read More