November 5, 2018 @ 9:39 am By JD Alois  |  

Uniti, an electric car that was developed in Sweden, is planning to raise capital on Crowdcube as it expands into the United Kingdom. In 2016, Uniti sold equity on FundedByMe a valuation of €9.8 million. The following year, Uniti launched a self-crowdfunding campaign that received the backing… Read More

November 5, 2018 @ 9:07 am By JD Alois  |  

Last week, more than 500 government officials, financial sector professionals and corporate leaders from China and Southeast Asia attended the inaugural China (Chongqing)-Singapore Connectivity Initiative Financial Summit in Chongqing. According to the Monetary Authority of Singapore (MAS), the Summit presented collaboration opportunities on cross-border financial… Read More

November 5, 2018 @ 8:02 am By JD Alois  |  

On Friday, the Securities and Exchange Commission (SEC), Division of Enforcement, issued their annual report updating on fiscal 2018 enforcement actions. According to the report, 2018 was a busy year as more than 821 enforcement actions occurred, representing a “diverse mix” of securities law transgressions…. Read More

November 4, 2018 @ 7:02 pm By JD Alois  |  

The Pearcey Foundation has awarded Nick Molnar, co-founder and CEO of Afterpay, as the 2018 NSW ICT Entrepreneur of the Year Award winner. Afterpay is an Australian retail payments platform that is said to be one of Australia’s fastest growing Fintech companies. Deputy Premier and Minister for Small Business John Barilaro congratulated… Read More

November 4, 2018 @ 6:51 pm By JD Alois  |  

The StartEngine Summit entitled “Tokenizing the World” took place in Santa Monica during LA Blockchain week this October. StartEngine, one of the largest investment crowdfunding platforms in the US, focused most of the conference on the future of crypto and securities issued on the blockchain. As… Read More

November 3, 2018 @ 6:13 pm By JD Alois  |  

During Hong Kong Fintech Week, the CEO of the Hong Kong Securities and Futures Commission (SFC), Ashley Alder, spoke about the benefits and challenges of Fintech. According to Alder: “It is obvious that the pace of change and innovation in financial services is unprecedented. We… Read More

November 3, 2018 @ 5:50 pm By JD Alois  |  

Announced during Hong Kong Fintech Week, the Securities and Futures Commission of Hong Kong issued a statement on their approach which seeks to bring both digital asset portfolio managers and distributors of these “virtual asset funds” under its regulatory purview. Additionally, SFC has released a… Read More

November 3, 2018 @ 5:29 pm By JD Alois  |  

Blockchain company Unchained Capital has announced a “multi-institution, multi-signature collaborative cold storage solution for the cryptocurrency lending industry.” Unchained Capital provides cash loans to long-term cryptocurrency holders. The company says it can fund loans up to $1 million in one business day and loans over… Read More

November 2, 2018 @ 6:56 pm By JD Alois  |  

In the 2019 budget speech by the Malaysia Minister of Finance, YB Tuan Lim Guan Eng, the government introduced capital market measures designed to reinforce the role of tech in driving the economy. Lim explained: “We need to create an environment for our human talent… Read More

November 2, 2018 @ 5:52 pm By JD Alois  |  

Overstock. (NASDAQ:OSTK) subsidiary Medici Land Governance has signed a Memorandum of Understanding (MOU) with the Rwanda Land Management and Use Authority (RLMUA) and the Rwanda Information Society Authority (RISA) to utilize their blockchain based land management tech. This is the second MOU that Medici has signed… Read More

November 2, 2018 @ 11:33 am By JD Alois  |  

The Governor of the Bank of England, Mark Carney, shared details of the Bank’s annual Future Forum today. The “Future Forum 2018” will have the theme of “Let’s Decide the Future of Money”. Carney, typically a vocal proponent of Fintech innovation, said: “… this is a chance… Read More

November 2, 2018 @ 9:49 am By JD Alois  |  

Wilshire Phoenix, an investment firm that provides multiple services including advisor and asset management, has partnered with Coinbase Custody on a $500 million crypto fund. Coinbase Custody is part of digital asset marketplace Coinbase which claims more than 25 million global customers. According to Wilshire… Read More

November 2, 2018 @ 9:21 am By JD Alois  |  

The former Head of Equity Options at Cboe Global Markets Kapil Rathi has joined digital asset firm AlphaPoint as Global Head of Trading Markets.  Rathi will lead and manage the blockchain based company on its trading and exchange business. AlphaPoint is a Fintech that seeks to help… Read More

November 2, 2018 @ 8:58 am By JD Alois  |  

Securitize, a new platform facilitating security token offerings, has formed a partnership with BnkToTheFuture – an investment platform operating in Hong Kong that has hosted funding rounds for blockchain based firms such as Kraken, BitFinex, BitPay and more. BnkToTheFuture claims over $625 million in funding… Read More

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

Orchard co-founder and former CEO Matt Burton has joined VC firm QED Investors as a General Partner. According to a note circulated by QED, Burton will lead their newly launched founding stage investment platform QED Belay. As part of this role, Burton will open the… Read More

November 1, 2018 @ 11:11 pm By JD Alois  |  

Seed, a mobile bank targeting small businesses and freelancers is shutting down, according to a report. Crunchbase reported that an email was sent to users of the aspiring mobile bank announcing the wind down of the Fintech. According to a Tweet from Seed, they are recommending… Read More

November 1, 2018 @ 4:00 pm By JD Alois  |  

UK Unicorns Monzo, BrewDog & Revolut are Crowdcube Alumni UK’s largest investment crowdfunding platform by volume Crowdcube has now helped to raise capital for three separate unicorns aka firms that have attained a valuation of $ 1 billion or more. Crowdcube pointed to this fact… Read More

November 1, 2018 @ 12:14 pm By JD Alois  |  

Having completed the 7th largest initial coin offering (ICO) of all time at $117 million, PumaPay has recently announced that its 2.0 version of their PullPayment Protocol solution is on Mainnet. PumaPay provides an open source “free-of-charge blockchain-based protocol” that decentralizes the transaction process. The protocol… Read More

November 1, 2018 @ 9:06 am By JD Alois  |  

Investment crowdfunding platform Invesdor has won the regional Fintech category of the Nordic Startup Awards which were held in Copenhagen this week. The competition saw over 2500 nominees. The Finland based company competed against finalists from Sweden, Denmark, Norway and Iceland in a combination of… Read More

November 1, 2018 @ 8:55 am By JD Alois  |  

This is an acquisition that may make you scratch your head. ConsenSys, a blockchain ecosystem play founded by Joe Lubin, has purchases Planetary Resources in an asset purchase transaction. Planetary Resources is an asteroid mining venture that has reportedly been struggling. Planetary Resources is a… Read More