September 24, 2018 @ 1:28 pm By JD Alois  |  

Online lender ThinCats has announced a new £300 million program with global asset manager Insight Investment to fund UK SMEs. The announcement was shared on a ThinCats blogpost that indicated they now have the potential to loan up to £600 million. ThinCats is a UK based peer to… Read More

September 24, 2018 @ 11:42 am By JD Alois  |  

Recent, huge Bitcoin trades have generated a lot of chatter from the Cryptoati. Not too long ago, an enormous sum of BTC “woke up” and moved around $720 million worth of Bitcoin. Speculation is that it represents crypto from the Silk Road days. That represents… Read More

September 24, 2018 @ 10:50 am By JD Alois  |  

Socotra has raised $5.5 million in a Series A funding round bringing total raised for to date to $12.8 million for the Insurtech startup. 8VC led the funding round with 8VC founding partner, Joe Lonsdale joining the Socotra board. Previous investors in Socotro include Founders… Read More

September 24, 2018 @ 10:18 am By JD Alois  |  

Hong Kong based Caspian has formed a partnership with Coinbase, according to a note from Caspian. Caspian is a “full-stack cryptoasset management platform” that links exchanges and institutional money. Coinbase is one of the largest crypto exchanges in the world that has charted a path… Read More

September 24, 2018 @ 7:57 am By JD Alois  |  

Equity crowdfunding platform Seedrs has published a portfolio update of issuers raising capital on its platform.  According to the company, the 577 deals that have raised money from July 2012 to the end of 2017 have generated a platform wide internal rate of return (IRR)… Read More

September 24, 2018 @ 7:11 am By JD Alois  |  

UK based digital challenger bank Revolut is reporting 2017 numbers and according to the Fintech revenue has increased 5X from £2.4 million to £12.8 million as monthly transaction volume jumps from $200 million to $1.5 billion. Revolut also reported a loss for the year of… Read More

September 23, 2018 @ 1:23 pm By JD Alois  |  

Elio Motors (OTCQB: ELIO) is back raising money once again for its three wheel concept vehicle that has been delayed multiple times.  But this time is different as Elio is planning an initial coin offering with a security token: ElioCoin. Elio Motors hit the crowdfunding… Read More

September 22, 2018 @ 5:41 pm By JD Alois  |  

Austria based investment crowdfunding platform Conda has claimed to have completed the “first digitalization of shares of an Austrian stock corporation.” Conda says it has linked the registered shares issued by Conda AG with digital tokens and transferred these shares to the existing shareholders of… Read More

September 22, 2018 @ 10:41 am By JD Alois  |  

A letter authored by a group of prominent cryptocurrency / blockchain advocates was forwarded to the Securities and Exchange Commission (SEC) this week. The letter was addressed to Dalia Blass, Director of the Division of Investment Management at the SEC, specifically mentioning the Commission’s Staff… Read More

September 22, 2018 @ 9:16 am By JD Alois  |  

dv01, a platform that connects online lenders and investors with data management, has expanded its reporting partnership with LendingClub, according to a release by the firm. dvo1 has previously provided reporting services for LendingClub securitizations but is says it now has secured its “role as… Read More

September 21, 2018 @ 4:51 pm By JD Alois  |  

In June, we updated readers on the number of FINRA approved Reg CF portals. At that time the count stood at 41 regulated crowdfunding platforms. As of today (September 21, 2018), that number has now increased to 44 FINRA approved Reg CF platforms as three new… Read More

September 21, 2018 @ 4:11 pm By JD Alois  |  

High Times has extended its Reg A+ crowdfunding offer to the end of October from its original deadline of September 12th. The Cannabis focused company said that it had received investment subscriptions in excess of $5 million which is far short of the possible $50… Read More

September 21, 2018 @ 11:21 am By JD Alois  |  

Funding Options, a UK Fintech that provides a “supermarket” of financing options for SMEs, has received a £5 million investment from ING Ventures – the VC arm of the global bank. The additional capital is expected to be used for Funding Options to expand its… Read More

September 21, 2018 @ 10:40 am By JD Alois  |  

The OTC Markets Group has introduced a new service: Small Cap Listed Compliance Product. According to OTC, this service allows firms to enhance their due diligence and establish a standardized framework to analyze securities across the listed and OTC equity small cap market, providing users… Read More

September 21, 2018 @ 10:27 am By JD Alois  |  

CoAssets Limited (ASX: CA8), a Singapore based Fintech that focuses on providing funding solutions for small to medium‐sized enterprises (SMEs), has announced that their CoAssets Stirling Fort Absolute Return Fund Pte. Ltd (CASFAR) has entered into an agreement with BMFA Group to invest USD $35… Read More

September 21, 2018 @ 10:13 am By JD Alois  |  

The saga of the GAW Miners / ZenMiner fraud has come to an end. On September 13, 2018, the perpetrator of the fraud, Homero Joshua Garza, was sentenced to 21 months of imprisonment. The criminal action was completed alongside an SEC civil enforcement action. The US… Read More

September 21, 2018 @ 9:49 am By JD Alois  |  

In a speech delivered this week, Stephanie Avakian, Co-Director of the Division of Enforcement at the Securities and Exchange Commission (SEC), discussed their approach to dealing with the avalanche of initial coin offerings (ICOs) and digital assets in general. Avakian said that as of the Q2… Read More

September 21, 2018 @ 9:16 am By JD Alois  |  

Cryptocurrency exchange Poloniex has announced it will de-list eight cryptocurrencies – effective September 25 at 12:00 noon ET. The eight crypto listings in question include: BTCD, BTM (Bitmark), EMC2, GRC, NEOS, POT, VRC, XBC. Poloniex gave users until October 25th to close any existing trades in… Read More

September 21, 2018 @ 7:33 am By JD Alois  |  

The Swiss Bankers Association (SBA) has published guidelines for opening corporate accounts for blockchain based firms. The SBA action was taken with the support of the Crypto Valley Association (CVA) in an interesting alliance of new finance and old. Switzerland has gained a global reputation as… Read More

September 20, 2018 @ 7:09 pm By JD Alois  |  

Commodity Futures Trading Commission (CFTC) has scheduled an open meeting to be held next Thursday, September 27, 2018, at 10:00 a.m. to consider the following items: Proposed Rule Amending Registration and Compliance Obligations for Commodity Pool Operators (CPOs) and Commodity Trading Advisors (CTAs) Fintech Cooperation… Read More