July 11, 2018 @ 11:18 am By JD Alois  |  

Steven Mnuchin, the US Secretary of the Treasury, will testify before the House Financial Services Committee tomorrow (July 12) at 10AM ET. According to the Committee memo, Mnuchin may be expected to discuss: any progress made in reforming the International Monetary Fund (IMF) the status… Read More

July 11, 2018 @ 11:08 am By JD Alois  |  

As turmoil swirls within the UK government regarding Brexit approach and Brussels ponders its next step, at least one report has a positive spin on the UK economy. OFX, a payments platform, has shared data that claims UK SMEs are pretty positive in the face… Read More

July 11, 2018 @ 10:43 am By JD Alois  |  

HBUS, a cryptocurrency marketplace that has partnered with Huobi, has chosen IdentityMind Global, to provide anti-money laundering (AML) compliance for digital currency trading platform. HBUS only launched this week providing crypto trading to US residents (minus a few states). HBUS said it is dedicated to… Read More

July 11, 2018 @ 8:36 am By JD Alois  |  

Money management chatbot Plum is now supporting challenger banks Monzo and Starling Bank. Plum states that it already supports most major UK banks and currently has around 130,000 users – collected since launch in 2017. Plum states that is has so far saved £24 million… Read More

July 11, 2018 @ 3:41 am By JD Alois  |  

The US House of Representatives passed the “Main Street Growth Act” (H.R. 5877) yesterday. The bill was passed on a voice vote indicating solid bipartisan support. Sponsored by Representative Tom Emmer of Minnesota, the bill amends the Securities Exchange Act of 1934 to allow for… Read More

July 10, 2018 @ 5:10 pm By JD Alois  |  

Blockchain game, Etheremon may bag Ethereum. Ethereum is great but can be really slow. Recently, the network a small Chinese cryptocurrency exchange called FCoin managed to clog the entire Ethereum network. That kind of sucks. In a blog post, Etheremon explained its scalability challenges and then stated… Read More

July 10, 2018 @ 2:36 pm By JD Alois  |  

A couple of months back during the Crypto Invest Summit in Los Angeles at a private dinner, I happened to find myself sitting next to Alan Safahi, CEO and founder of ZED Network based in Canada. I was intrigued about his blockchain based company and… Read More

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

HUBUS, partner of global digital asset exchange Huobi – one of the largest in the world, begins trading for US residents today (July 10, 2018). HBUS is a separate legal entity from Huobi Group, with its own leadership. HUBUS officially goes live at 10AM PT… Read More

July 10, 2018 @ 12:31 pm By JD Alois  |  

The House Financial Services Subcommittee on Terrorism and Illicit Finance has updated on witnesses for the hearing entitled “Countering the Financial Networks of Weapons Proliferation.” The hearing will take place this Thursday, July 12, 2018, at 2:00 p.m. According to the Subcommittee, the following witnesses… Read More

July 10, 2018 @ 11:12 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has obtained final judgments against attorney T.J. Jesky and his law firm’s business affairs manager, Mark F. DeStefano pertaining to the illegal sales of Ubi Blockchain stock. Both Jesky and DeStefano profited from sales in the stock. UBIA is a… Read More

July 10, 2018 @ 10:02 am By JD Alois  |  

First, we had initial coin offerings (ICOs). Today, we have the first “initial convertible coin offering” (ICCO), according to Malta based blockchain firm Palladium.  The Palladium site says it is offering “banking designed for the crypto age as Palladium consolidates access to crypto & fiat… Read More

July 10, 2018 @ 9:19 am By JD Alois  |  

Allied Crowds, a tech firm dedicated to lessening information asymmetries, has published a director of cryptocurrency exchanges in emerging markets. Allied Crowd states: “[This report] establishes which cryptocurrency exchanges will trade which currency pairings. In other words, it answers the question where a member of… Read More

July 9, 2018 @ 5:59 pm By JD Alois  |  

This is interesting. According to a report in Bloomberg, online lending has grown impressively in the past seven years. Quoting data from TransUnion, the write states that Fintech firms originated 36% of all personal loans in 2017. This is in contrast to just under 1% in… Read More

July 9, 2018 @ 3:04 pm By JD Alois  |  

  TrustToken, is looking to raise $61 million in an security token on CoinList. TrustToken will be offering its native platform token – TrustToken (TRU). TrustToken is already backed by multiple big VC names, including; A16Z Crypto, Founders Fund Angel (Pathfinder), Jump Trading Capital, Foundation… Read More

July 9, 2018 @ 2:24 pm By JD Alois  |  

Singapore-based Crowdvilla, a Real Estate Platform, will list its token on the Gibraltar Blockchain Exchange (GBX) becoming the third token to do so. GBX is a subsidiary of the EU-regulated Gibraltar Stock Exchange (GSX) and has positioned itself to be a jurisdiction of preference for blockchain based… Read More

July 9, 2018 @ 11:10 am By JD Alois  |  

Kuflink, a peer-to-peer property investment platform, says it has topped £20 million invested since platform launch in 2016.    Kuflink provides buy to let borrowers quick access to short-term finance that may not be available from a high street bank. Retail investors gain access to a… Read More

July 9, 2018 @ 10:59 am By JD Alois  |  

OurCrowd, a leading global investment crowdfunding platform, has shared an infographic highlighting the past five years of operation. OurCrowd is unique in the fact that every single offering listed on the site receives backing from the platform – thus interests are aligned as OurCrowd has… Read More

July 9, 2018 @ 10:37 am By JD Alois  |  

Zen Protocol is the newest iteration of blockchain to throw its hat into the ring to challenge established blockchains with better / faster performance. According to their web site; Zen Protocol is a new type of blockchain, written from scratch in F#, with a contracting… Read More

July 9, 2018 @ 9:37 am By JD Alois  |  

The House Financial Services Committee has scheduled a hearing entitled “Countering the Financial Networks of Weapons Proliferation.” The Hearing will take place on July 12th at 2PM ET and will be live streamed on the Committee’s website. While the Hearing memo is yet to be released… Read More

July 9, 2018 @ 8:27 am By JD Alois  |  

The Joint Chiefs of Global Tax Enforcement, or the “J5”, is a group of nations dedicated to fighting against tax crime and money laundering. Participants in the J5 include the Australian Criminal Intelligence Commission (ACIC) and Australian Taxation Office (ATO), the Canada Revenue Agency (CRA),… Read More