August 21, 2018 @ 10:45 am By JD Alois  |  

SharesPost has announced that OKEx, a Hong Kong based digital assets exchange, is joining their Global Liquidity and Settlement System (GLASS). SharesPost received approval to operate as an Alternative Trading System (ATS) earlier this year – a necessary move to trade in securities in a… Read More

August 21, 2018 @ 9:55 am By JD Alois  |  

According to multiple reports, JP Morgan Chase will begin offering free trading (IE commission-less trades) beginning next week. For anyone who downloads their mobile app, during the first year users will be able to book 100 trades at not cost. If you happen to be… Read More

August 21, 2018 @ 8:47 am By JD Alois  |  

TradeStation has launched an interesting new program for account holders. According to info provided by the company, qualified equity account holders may now lend their assets and earn income.  The online broker has labeled this new offering the “Fully Paid Lending Program.” John Bartleman, President… Read More

August 21, 2018 @ 8:05 am By JD Alois  |  

Spark Crowdfunding, Ireland’s first equity crowdfunding platform, has launched with its newest offering: Fleet – a person to person car sharing service that is seeking a raise of €275,000 through a sale of 20% equity. Spark Crowdfunding is a Dublin based operation that has only launched… Read More

August 20, 2018 @ 8:24 pm By JD Alois  |  

The initial coin offering (ICO) frenzy is a starting to move beyond its toddler years. After a slow start, ICOs rocketed into public awareness with high profile funding rounds and ridiculous scams accompanied by heightened speculation on unregulated crypto exchanges. Crowdsales generated offerings in the… Read More

August 20, 2018 @ 5:04 pm By JD Alois  |  

Small Change, a Reg D and Reg CF real estate crowdfunding platform, reported some positive news today. In one of their earliest offerings, Small Change has experienced a good exit as investors in the “Buvinger Building,” that crowdfunded in 2016, have experienced a higher rate… Read More

August 20, 2018 @ 4:16 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged Michael (Mike) B. Rothenberg, and his firm Rothenberg Ventures with fraud. Rothenberg, and his company, has agreed to settle the charges without admitting nor denying the allegations incorporated in the SEC complaint. The SEC states that Rothenberg’s… Read More

August 20, 2018 @ 1:56 pm By JD Alois  |  

SFOX, has a substantial $22.7 million in Series A funding led by Tribe Capital and Social Capital. The funding round also garnered the support of other well known VCs including Khosla Ventures, Blockchain Capital, Y Combinator, DHVC, Upside Partnership, SV Angel, DCG, Mark Britto, and Airbnb Co-Founder… Read More

August 20, 2018 @ 11:35 am By JD Alois  |  

Virtual Commodity Association Schedules Inaugural Meeting for September A group of industry participants have joined together to create the Virtual Commodity Association (VCA) with the goal of evolving into a self regulatory organization (SRO). The creation of the VCA was revealed earlier this year but… Read More

August 20, 2018 @ 9:53 am By JD Alois  |  

Damson Global, a Yorkshire-based company that designs and produces consumer audio products, is raising a £100,000 24 month venture loan on Crowd2Fund. The investment opportunity comes with a steep 14% APR for investors. Damson was founded in 2012 by James Talbot, who was formerly the… Read More

August 20, 2018 @ 9:15 am By JD Alois  |  

Augmentum Fintech plc (LSE: AUGM) has announced an aggregate of £7 million of investment in three European Fintechs: Tide, Previse and DueDil. Tim Levene, CEO of Augmentum Fintech, said that since their IPO they have built an “exciting pipeline of fintech investment opportunities” and the… Read More

August 20, 2018 @ 8:06 am By JD Alois  |  

Credit Karma, a Fintech in the lending space, has acquired Approved – a platform designed to modernize mortgage lending. Details of the acquisition were not revealed. The announcement was revealed in a blog post by Approved sharing that it would “build a consumer-facing digital mortgage experience… Read More

August 19, 2018 @ 7:00 pm By JD Alois  |  

Temasek Holdings, an investment fund owned by the government of Singapore (Singapore Minister for Finance is the sole shareholder), is exiting traditional finance to focus on Fintech. This is according to a report in the Straits Times that said Temasek has sold of its holdings… Read More

August 19, 2018 @ 4:39 pm By JD Alois  |  

StartEngine has just published its monthly index of Reg  CF (Regulation Crowdfunding) campaigns and raises. According to their tally, July was a banner month with issuers raising $10.7 million – new monthly high for 2018. In aggregate, since Reg CF became usable in 2016, issuers… Read More

August 19, 2018 @ 10:14 am By JD Alois  |  

FINRA (Financial Industry Regulatory Authority), the SRO that oversees all of the broker dealers in the US, has issued an investor alert pertaining to initial coin offerings (ICOs). In the alert, FINRA states: “[We are] issuing this alert to inform investors that investments in digital… Read More

August 18, 2018 @ 11:44 am By JD Alois  |  

When it comes to crypto / blockchain announcements, tiny Liechtenstein is on a roll this week. Following the announcement of a new, regulated cryptocurrency exchange, Union Bank AG has announced it will issue its very own security tokens. This will be a first ever for… Read More

August 18, 2018 @ 10:01 am By JD Alois  |  

A group of EOS blockchain community members have banded together to create the EOS Alliance. This new group, which includes many well known names, is seeking to provide the broader EOS community with a platform for collaborative and transparent decision making, according to a release…. Read More

August 17, 2018 @ 5:10 pm By JD Alois  |  

Last week, CloudLending, a Fintech in the online SaaS sector, was sold to Q2 Holdings, Inc. (NYSE:QTWO). The terms of the sale were not released. The closing of the transaction is expected to occur in the fourth quarter of 2018. Matt Flake, CEO of Q2, said that by… Read More

August 17, 2018 @ 4:45 pm By JD Alois  |  

LendingClub (NYSE:LC) issued a Form S-8 today which was filed with the Securities and Exchange Commission. The filing is related to a registration statement for the issuance of up to 30,365,114 shares of common stock in the online lending firm. According to LendingClub, the issuance… Read More

August 17, 2018 @ 11:55 am By JD Alois  |  

The UK Competition and Markets Authority (CMA), in collaboration with the Financial Conduct Authority (FCA), published a report this week that chastised banks for their poor service and lack of transparency. As part of an ongoing initiative to improve financial services for both consumers and… Read More