October 11, 2018 @ 10:24 am By JD Alois  |  

Templum, a regulated alternative trading system (ATS) that is operating in the security token space, has submitted written testimony to the Senate Committee on Banking, Housing, and Urban Affairs. The document arrives just in advance of the widely anticipated Senate Hearing that will see Dr…. Read More

October 11, 2018 @ 9:43 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) and the Financial Services Authority of the Republic of Indonesia, or “Otoritas Jasa Keuangan” (OJK), have signed a memorandum of understanding (MOU) to boost Fintech cooperation and foster innovation in financial services between the two countries. The MOU is… Read More

October 11, 2018 @ 8:31 am By JD Alois  |  

APO Group, formerly known as African Press Organization, is a press release distribution company that is headquartered in Lausanne, Switzerland – according to its website. Today, it is distributing a press release on its own behalf that is quite publicly accusing Watts Miners, a crypto mining… Read More

October 10, 2018 @ 7:30 pm By JD Alois  |  

Dr. Nouriel Roubini, aka Dr. Doom, has posted his prepared testimony in advance of the Senate Banking Committee Hearing scheduled to take place tomorrow (October 11, 2018). As one may expect, Roubini has not held back one iota. His testimony is entitled; “Crypto is the… Read More

October 10, 2018 @ 6:51 pm By JD Alois  |  

The Senate Committee on Banking, Housing and Urban Affairs, has scheduled a hearing that should be a fascinating debate on the topic of cryptocurrency and blockchain technology. Entitled Exploring the Cryptocurrency and Blockchain Ecosystem, the hearing is scheduled to take place on Thursday, October 11th… Read More

October 10, 2018 @ 5:31 pm By JD Alois  |  

The International Monetary Fund (IMF) is meeting this week in beautiful Bali. The discussion includes routine topics such as economic forecasts for growth, challenges and opportunities. There is, of course, a trade skirmish that may turn into a trade war which may create bigger problems… Read More

October 10, 2018 @ 3:42 pm By JD Alois  |  

Digital only challenger bank Starling is expanding its “Banking-as-a-Service” and Payment Services offer. These are two white label banking services offered in the UK allowing other entities to provide retail banking services and make payments. Current  clients include Ditto, Raisin UK, and the Department for Work… Read More

October 10, 2018 @ 3:29 pm By JD Alois  |  

truCrowd, an online investment platform that offers crowdfunding using the Illinois state securities exemption, is currently promoting new offerings. The two companies are AirChicago and Art of Fun, both Chicago area businesses. According to earlier reports, AirChicago previously raised funding on truCrowd so this appears… Read More

October 10, 2018 @ 1:00 pm By JD Alois  |  

PeerIQ is out with their Q3 securitization tracker for online lending and the report is quite strong. According to PeerIQ, domestic economic growth is solid and the US consumer is healthy. Marketplace lending securitizations totaled $3.5 billion this quarter representing the 5th highest level ever… Read More

October 10, 2018 @ 9:29 am By JD Alois  |  

Crowdcube Spain, the Spanish iteration of the UK based investment marketplace, has topped €20 million in funding for Spanish firms. According to the platform, since 2014, Crowdcube Spain has helped 61 companies in 72 offerings to raise money online. According to data from the Spanish Association… Read More

October 10, 2018 @ 8:41 am By JD Alois  |  

The Chancellor of the Exchequer, Philip Hammond, is currently at the IMF Annual Meeting taking place in Bali. While at the meeting, the Chancellor is polishing the UK chops when it comes to innovations in Fintech. According to a note from HM Treasury, Hammond will position Britain… Read More

October 10, 2018 @ 8:10 am By JD Alois  |  

Global retailer H&M has invested in Swedish payments Fintech Klarna. According to reports, H&M invested $20 million in Klarna, a company that has now raised over $680 million. Additionally, H&M announced a new global partnership in a release posted on its site. and Klarna will… Read More

October 10, 2018 @ 7:57 am By JD Alois  |  

Growthdeck has listed an EIS compliant investment opportunity to back to eticketing hub WebTicketManager. According to the offering page, WebTicketManager is raising £557,000 for a 21% equity stake in the firm. Expectations are for an exit EBITDA multiple of 5X or an exit IRR of 68%… Read More

October 9, 2018 @ 9:29 pm By JD Alois  |  

The Universal Protocol Alliance has announced the “Universal Dollar” or UPUSD. The UPUSD is described as a digital asset that is a stablecoin collateralized 1 to 1 with the US dollar. The dollars in question will be domiciled in US, FDIC insured banks. The organizations… Read More

October 9, 2018 @ 8:00 pm By JD Alois  |  

Last week, the Security Token Academy held its second annual STO focused event in Manhattan. This year, attendance at the Security Token Industry Launch event increased dramatically as more financial services players are viewing securities on blockchain as a likely path for the future of… Read More

October 9, 2018 @ 6:00 pm By JD Alois  |  

Dragonfly Capital Partners has launched a new $100 million crypto fund. The team at Dragonfly is led by Alexander Pack, formerly with Bain Capital Ventures, a partner at AngelList, and a general partner investor in Polychain Capital. Pack is joined by Bo Feng, a VC… Read More

October 9, 2018 @ 1:26 pm By JD Alois  |  

Fast moving Fintech Circle has launched a few new products. First, Circle has released a new mobile App for both iOS and Android for Poloniex users to be able to trade cryptocurrency anytime – anywhere. Even better, the native app is both localized and available… Read More

October 9, 2018 @ 10:00 am By JD Alois  |  

The Aspen Digital Security Token has apparently successfully closed its offering. CI has been told that trades have already been registered via Templum, an alternative trading system (ATS) that is targeting the emerging STO marketplace. Aspen Digital was created to raise capital for the St…. Read More

October 9, 2018 @ 9:45 am By JD Alois  |  

The Fintech Sandbox set up by the Financial Conduct Authority in the UK has now been in operation for the past two years. The trailblazing project has since been replicated multiple times around the world. The concept was simple: create a safe haven for Fintech… Read More

October 9, 2018 @ 8:38 am By JD Alois  |  

Fellow Finance, a peer to peer lending platform, has announced that their initial public offering (IPO) will trade on the Nasdaq First North Finland marketplace. The offering was said to be 2.2 times over-subscribed. Fellow Finance will issue a total of 1,300,000 new shares in addition to… Read More