April 25, 2018 @ 9:29 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) and the State Bank of Vietnam (SBV) have agreed to form a new partnership to encourage Fintech innovation while simultaneously strengthening cooperation in banking supervision. MAS has signed numerous bilateral Fintech agreements with many different jurisdictions. The strategy has… Read More

April 25, 2018 @ 8:12 am By JD Alois  |  

Beauhurst is out with their quarterly deal report for UK equity investment activity and according to their data deal numbers fell to their lowest level since Q3 of 2014. Additionally, Q1 delivered the lowest ever percentage of deals under the half a million pound hurdle…. Read More

April 25, 2018 @ 7:53 am By JD Alois  |  

You would think it would be easy enough to create a new and interesting name in the cryptocurrency space but here is a case where one cryptocurrency entrepreneur is being challenged by an established business for a possible misconceived use of an established business name…. Read More

April 25, 2018 @ 2:17 am By JD Alois  |  

The Abyss platform, a crypto-reward system for gamers and developers, has filed a Form D 506c with the Securities and Exchange Commission. According to the filing, Abyss expects to raise up to $63 million in a “purchase agreement for cryptocurrency.” The document, signed by Abyss… Read More

April 24, 2018 @ 10:15 pm By JD Alois  |  

Bloomio AG, a Zug – Switzerland based blockchain-powered equity crowdfunding platform, has raised additional CHF 700,000 CHF in growth capital from a group of investors. The additional funds will be utilized by Bloomio to develop and scale its platform to offer tokenized securities including a… Read More

April 24, 2018 @ 7:50 pm By JD Alois  |  

Sindri Thor Stefansson, a suspect in a Bitcoin mining heist, went on the lam this past week when he walked out of a prison in Iceland and simply hopped a flight to Sweden. From Sweden Stefansson made his way to Amsterdam evading authorities who were… Read More

April 24, 2018 @ 3:47 pm By JD Alois  |  

Goldman Sachs is not just embracing Fintech change in digital banking with leading online lender Marcus but the global investment bank is adding names to its long rumored cryptocurrency trading desk. Meanwhile, other big banks continue to stare and wonder why. Tearsheet has reported that… Read More

April 24, 2018 @ 2:00 pm By JD Alois  |  

The world of initial coin offering (ICO) investing is chock full of peril and risk, as well as opportunity. Purchasing a tokenized asset has become a trip to Vegas-like event as investors attempt to discern which ICO will rise and which offering will quickly plummet…. Read More

April 24, 2018 @ 1:17 pm By JD Alois  |  

LabCFTC, the Commodity Futures Trading Commission’s (CFTC) Fintech initiative, is requesting public input to gather ideas and topics for innovation competitions to advance the agency’s Fintech goals. “We launched the LabCFTC initiative to stimulate and promote market-enhancing Fintech solutions,” said CFTC Chairman J. Christopher Giancarlo…. Read More

April 24, 2018 @ 10:30 am By JD Alois  |  

Elio Motors (OTCQX:ELIO) has received a much needed investment from Overstock.com. According to a public release, Overstock has agreed to purchase $2.5 million in Elio equity at a price of $2.75 per share. Simultaneously, Elio Motors announced its intent to do an initial coin offering… Read More

April 24, 2018 @ 10:02 am By JD Alois  |  

Crowd for Angels launched an initial coin offering (ICO) pertaining to a “Liquid Crypto Bond” in March. The token offering closed on March 31st with the  Angel cryptocurrency commencing trading on the GetBTC exchange on April 12th. Investors in the Bond apparently received free Angel… Read More

April 24, 2018 @ 9:22 am By JD Alois  |  

Dr. Liam Fox, the UK Secretary of State for International Trade, delivered a speech today outlining how the UK government will support the future of financial and professional services. Fox noted that finance is a very important sector of trade as the UK has a… Read More

April 24, 2018 @ 8:21 am By JD Alois  |  

Longfin Corp. (NASDAQ:LFIN), is reporting that Judge Denise L. Cote has vacated the Temporary Restraining Order (TRO) that froze the assets of the company. The Securities and Exchange Commission (SEC) obtained a court order freezing more than $27 million in trading proceeds from allegedly illegal… Read More

April 24, 2018 @ 7:06 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) says that loan fee scams is now the most common scam in financial services topping investment fraud. The shift is largely due to the emergence of online lending as victims are targeting while searching for loans on the internet…. Read More

April 23, 2018 @ 7:50 pm By JD Alois  |  

This announcement certainly will benefit the growth of Lendix, a leading European online lender. According to the Fintech, the Lendix community of lenders now benefits from the Italian State Guarantee or the “Fondo di Garanzia” for loans made in Italy. This federal guarantee will partially cover… Read More

April 23, 2018 @ 4:18 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has issued another trading suspension regarding a company associated with cryptocurrency services. IBITX Software is a company that claims to operate IBITX as a “Dynamic new type of currency exchange which matches new Initial Currency Offerings (ICOs)” IBITX says it is “one… Read More

April 23, 2018 @ 2:36 pm By JD Alois  |  

Unison, a unique financing platform for home ownership investments, is reporting strong year-over-year growth. According to the company, following a solid 2017, the origination volume for the first quarter of 2018 has grown and increased 1000 percent over the comparable period last year. This is… Read More

April 23, 2018 @ 11:44 am By JD Alois  |  

VRBex Inc., a new cryptocurrency exchange that is being led by former BBVA bankers, has announced an initial coin offering that is kicking off today. VRBEX said it will operate an exchange and security-token trading platform, along with storage and payments in cryptocurrency. The VRBex platform will… Read More

April 23, 2018 @ 9:57 am By JD Alois  |  

It is a truism that we need bank like services but we really do not need banks. The financial industry is going through a period of disaggregation where some services are being separated from a traditional, brick and mortar service, to Fintech verticals that may… Read More

April 23, 2018 @ 8:54 am By JD Alois  |  

INVioU is a blockchain-based platform for invoice and credit finance management. The platform seeks to enable “minimal-risk streamlined collections and fully automated loan obtainment processes within the global community.” Founded by CEO Dror Shapira (son of Israel’s State Comptroller, Yosef Shapira) and Yair Zehavi, CPO of… Read More