October 1, 2018 @ 10:59 am By JD Alois  |  

A note today from HM Land Registry indicates the government agency is investigating the use of blockchain for managing lan registration and the overall buying and selling process of property. More specifically, the agency is working with “Methods” a company that utilizes R3’s blockchain Corda…. Read More

October 1, 2018 @ 10:43 am By JD Alois  |  

Israel is red-hot when it comes to entrepreneurship and startups in general. The country has been recognized for years as punching above its weight class when it comes to an innovation driven economy. One of the hottest sectors for startups is Artificial Intelligence (AI). A… Read More

October 1, 2018 @ 9:09 am By JD Alois  |  

First Circle, a Philippine Fintech, is expected to announce a new credit facility for SMEs nationwide. This new facility has gained the support of the Philippine Department of Trade and Industry (DTI) and the Bangko Sentral ng Pilipinas (BSP). First Circle is an online lender… Read More

October 1, 2018 @ 8:30 am By JD Alois  |  

Well-funded speedy blockchain IOST has launched the second release of its testnet to the public. IOST claims to have accomplished one of the highest transaction speeds in the blockchain industry as it seeks to provide an enterprise ready iteration of distributed ledger technology. IOST’s testnet… Read More

October 1, 2018 @ 7:33 am By JD Alois  |  

Crowd2Fund is out with a note on platform performance. The UK peer to peer debt platform states that current default levels stand at 1.42% and their best case model APR standing at 8.51%.  The crowdfunding platform says the current worst-case model, which assumes all defaults… Read More

October 1, 2018 @ 7:13 am By JD Alois  |  

On Tuesday (2 October 2018), Austria will become the first European country to issue a government bond using blockchain technology. The Austrian government is auctioning off €1.15 billion in Bonds using Ethereum to manage the security issuance.  The issuance will be handled by the Oesterreichische Kontrollbank (OeKB)… Read More

September 30, 2018 @ 11:22 am By JD Alois  |  

“…when companies and corporate insiders make statements, they must act responsibly, including endeavoring to ensure the statements are not false or misleading and do not omit information a reasonable investor would consider important in making an investment decision.” – Jay Clayton, Chairman of the SEC… Read More

September 29, 2018 @ 3:46 pm By JD Alois  |  

After reporting a 100,000 waiting list, Blok.Party says it has raised $10 million in funding by top-tier content partners to support the blockchain gaming console’s launch in this fall. Blok.Party, the creators of PlayTable, received the funding from JRR Capital and other individual investors. The… Read More

September 29, 2018 @ 3:32 pm By JD Alois  |  

Zcoin creators say it has become the first “privacy coin” to adopt Dandelion to provide a higher degree of anonymity than provided in many other cryptocurrencies. Dandelion seeks to provide network privacy that further conceals the IP address of someone broadcasting a transaction on the blockchain…. Read More

September 29, 2018 @ 12:43 pm By JD Alois  |  

Samoyed Holding Limited, a China based Fintech, has filed to trade shares on the New York Stock Exchange. Samoyed is one of a growing number of Chinese Fintechs seeking a listing on a US exchange. The Form F-1 has been filed with the Securities and… Read More

September 28, 2018 @ 2:57 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has published the agenda for Fintech Forward 2018: Innovation, Regulation and Education, conference taking place in DC next week. The conference is a collaboration of CFTC’s LabCFTC and the Office of Customer Education and Outreach (OCEO). As part of the… Read More

September 28, 2018 @ 2:43 pm By JD Alois  |  

LendingClub (NYSE:LC) has responded to the just announced charges and settlement by the Securities and Exchange Commission (SEC) pertaining to allegations of misconduct by former executives. Specifically, LendingClub Asset Management, along with former Executives Renaud Laplanche and Carrie Dolan, have entered into a settlement with… Read More

September 28, 2018 @ 2:07 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged LendingClub Asset Management LLC, and former President Renaud Laplanche with fraud for improperly using fund money to benefit LendingClub.  LendingClub Asset Management, Laplanche, and former CFO Carrie Dolan, also were charged with improperly adjusting fund returns. The… Read More

September 28, 2018 @ 10:28 am By JD Alois  |  

Funding Circle has set the share offer price at the low end of the range, according to a note published by the company. Previously, Funding Circle had announced it would offer up to 136,039,416 shares at a price between 420 pence to 530 pence per share…. Read More

September 28, 2018 @ 8:57 am By JD Alois  |  

Modulus, a developer of trading and surveillance tech for both traditional securities and digital assets, has partnered with CipherTrace to provide an Anti-Money Laundering (AML) solution that will be included in Modulus’ crypto exchange solution. The CipherTrace tech is described as identifying the full stack… Read More

September 28, 2018 @ 8:41 am By JD Alois  |  

SIA Group, a consortium of eight European companies, has launched a new platform for financial service firms as they move to become compliant to Open Banking rules under PSD2. Their new digital platform is said to allow European banks, Fintechs, corporates, SMEs and public sector… Read More

September 27, 2018 @ 6:38 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) announced an enforcement action today against an Austria based international securities dealer with providing securities swaps funded by Bitcoin. The SEC charges Patrick Brunner, CEO of 1pool Ltd. a/k/a 1Broker – registered in the Marshall Islands, with violations of US… Read More

September 27, 2018 @ 3:33 pm By JD Alois  |  

In January 2018, the Commodity Futures Trading Commission (CFTC) leveled allegations of fraud and misconduct against My Big Coin, an initial coin offering (ICO) that was said to fleece $6 million from investors. My Big Coin fought back when defense counsel said the CFTC had… Read More

September 27, 2018 @ 1:33 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed a complaint against real estate crowdfunding platform iFunding, along with co-founders William Skelley and Sohin Shaw. The complaint alleges that Skelley and Shaw pursued a “fraudulent scheme to misappropriate investor funds.” CI Senior Contributor and securities attorney… Read More

September 27, 2018 @ 8:32 am By JD Alois  |  

UK Peer to Peer Lending Hurdles £1 Billion During 2nd Quarter The UK Peer to Peer Finance Association (P2PFA) has published their second quarter 2018 numbers from member platforms.  According to their data, the peer-to-peer lending industry contributed more than £1 billion to the UK… Read More