February 15, 2018 @ 6:10 pm By JD Alois  |  

Investment banking is a highly profitable business. Goldman Sachs, perhaps the most prominent investment bank in the world, raked in $32 billion during fiscal 2017 with the majority of this revenue driven specifically by investment banking. Yet arguably, much of the value that is provided… Read More

February 15, 2018 @ 2:09 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has issued a warning to consumers to beware of pump and dump scams that have become somewhat prevalent in initial coin offerings and digital currencies in general. The CFTC says it has received complaints from customers who have lost… Read More

February 15, 2018 @ 12:04 pm By JD Alois  |  

TruFin PLC has raised £70 million, before expense, via an AIM listing priced at 190 pence per share. The Fintech focused company has invested in several interesting platforms including a 155 stake in leading consumer peer to peer lender Zopa. TruFin expects admission to trading… Read More

February 15, 2018 @ 10:36 am By JD Alois  |  

The law firm of Pomerantz LLP has announced that the class action lawsuit against The Crypto Company (OTCMKTS:CRCW) and certain of its officers, alleging violations of the Securities Exchange Act of 1934, has been voluntarily dismissed. The Securities and Exchange Commission (SEC) halted trading in… Read More

February 15, 2018 @ 9:55 am By JD Alois  |  

Unikrn, an esports betting operator, and creator of the UnikoinGold (UKG) token, says it expects to launch cryptocurrency betting in April 2018. Unikrn also has shared it has been accepted by the Malta Sandbox program for cryptocurrencies and blockchain technologies provided by the Malta Gaming Authority… Read More

February 15, 2018 @ 8:49 am By JD Alois  |  

Coinbase, one of the largest cryptocurrency exchanges in the world, has launched Coinbbase Commerce, a payments platform that allows merchants to accept digital currency anywhere, anytime. Recently Stripe, a popular payments processor, announced it would stop accepting Bitcoin as payments so Coinbases announcement is timely…. Read More

February 15, 2018 @ 1:00 am By JD Alois  |  

BinckBank N.V.  is poised to disrupt the Dutch savings market as the online bank will be the first to offer its clients access to European savings products via a partnership with Raisin. BinckBank serves more than 614,000 account holders with assets of € 22.7 billion as of… Read More

February 14, 2018 @ 8:24 pm By JD Alois  |  

Today, the House of Representatives passed HR 3299, “the Protecting Consumer’s Access to Credit Act of 2017.” The Bill was approved mainly along party lines as Republicans supported the measure and Democrats voted against it but 16 Democrats crossed over in support of the legislation. The… Read More

February 14, 2018 @ 2:39 pm By JD Alois  |  

The British Columbia Securities Commission (BCSC) has published a notice on Fintech. This notice is designed to help “set out the results of the consultations and seek comment on potential regulatory action to clarify or modernize securities laws to benefit all stakeholders, including investors in… Read More

February 14, 2018 @ 12:47 pm By JD Alois  |  

The European Supervisory Authorities (ESAs), including the ESMA, EBA, and EIOPA have issued a pan-EU warning to consumers regarding the risks of buying cryptocurrencies. The ESAs are concerned that consumers are buying virtual currencies or “VCs” oblivious to the intrinsic risk including heightened volatility and the fact… Read More

February 14, 2018 @ 12:15 pm By JD Alois  |  

Bitzumi, a digital content and asset platform that expects to allow users to transact cryptocurrency and blockchain marketplace, has launched a Reg A+ crowdfunding round today. By using the Reg A+ securities exemption, any investor may participate in the funding round. Bitzumi is co-founded by… Read More

February 14, 2018 @ 11:38 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has scheduled its first meeting for 2018 of the Investor Advisory Committee (IAC). The Committee helps to guide the SEC on initiatives that protect individual investor interests. In practice, this largely means investor protection issues. The upcoming meeting includes… Read More

February 14, 2018 @ 11:15 am By JD Alois  |  

“A rose by any other name would smell as sweet” As we reported last week, GIFTO has partnered with artist Kevin Abosch in the creation, and sale, of a digital valentine. The “Forever Rose” art was sold for $1 million in cryptocurrency to a group… Read More

February 14, 2018 @ 10:38 am By JD Alois  |  

FUSION has announced that it has successfully completed its initial coin offering (ICO) having raised 126,000 Ether, worth about $110 million, in just 24 hours. FUSION reported that its token offering was oversubscribed by 2.5X with investors seeing their contributions returned that went over the… Read More

February 14, 2018 @ 9:18 am By JD Alois  |  

Mintos, an online marketplace that provides individuals with a simplified way to invest in loans originated by a variety of alternative lending companies around the world, has announced a new milestone having topped the half a billion euro mark in cumulative investments by investors. Reportedly,… Read More

February 14, 2018 @ 8:19 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) and the Central Bank of Egypt (CBE) have announced a cooperation agreement to boost Fintech innovation between the two countries. MAS has initiated many of these bilateral agreements and is core to their strategy of being a global Fintech… Read More

February 14, 2018 @ 7:50 am By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) will hold a meeting of the Technology Advisory Committee (TAC) today at the CFTC’s headquarters in Washington, DC. The meeting is open to the public but you have the option to dial in or live-stream the meeting on the CFTC… Read More

February 13, 2018 @ 1:18 pm By JD Alois  |  

Republic Protocol announced a “dark pool” for trading cryptocurrency in January. Today, Republic Protocol is taking the dark pool a step further by enabling Crypto to gold trading via a partnership with Digix. A dark pool is typically a private securities exchange where investors, usually… Read More

February 13, 2018 @ 12:19 pm By JD Alois  |  

Today, during an investor presentation at the Credit Suisse 19th Annual Financial Services Forum in Key Biscayne, Florida, Goldman Sachs CEO Lloyd Blankfein delivered a presentation on his bank’s operations. Buried in the middle of the deck was some interesting perspective on Marcus, Goldman’s foray into… Read More

February 13, 2018 @ 10:42 am By JD Alois  |  

Equity crowdfunding platform Seedrs is reporting a record level of trading in their Secondary Market for crowdfunded securities. Launched in June 2017, Seedrs may claim to have developed the most effective secondary market for intrinsically illiquid private securities. While still relatively small, Seedrs said the… Read More