January 26, 2018 @ 4:44 pm By JD Alois  |  

LendingClub (NYSE:LC), the largest marketplace lending platform in the US, has just posted an 8K regarding a warehouse funding agreement with certain lenders. LendingClub has enlisted the assistance of JPMorgan Chase Bank, N.A. as administrative agent, and Wilmington Trust, National Association as collateral trustee. The warehouse… Read More

January 26, 2018 @ 3:51 pm By JD Alois  |  

The House Financial Services Committee has scheduled a hearing entitled Examining Opportunities and Challenges in the Financial Technology (“Fintech”) Marketplace. The hearing expects to examine the current regulatory landscape, the need to amend or modernize the regulatory landscape or the necessity to amend existing financial… Read More

January 26, 2018 @ 1:18 pm By JD Alois  |  

BnkToTheFuture, an online investment platform based in Hong Kong, has announced a partnership with Polymath to improve liquidity for investors. Polymath is a launch pad for issuers to easily list security tokens by connecting them with developers, legal delegates, and KYC/AML verifiers. The new partnership is… Read More

January 26, 2018 @ 12:48 pm By JD Alois  |  

Illinois has its first intrastate crowdfunding success.  The new securities rule was enacted in 2016 the first offering apparently did not go well but this week we have heard that AirChicago Holdings has successfully raised money on truCrowd. According to truCrowd, AirChicago Holdings took 5… Read More

January 26, 2018 @ 9:44 am By JD Alois  |  

  This past week both the Securities and Exchange Commission and the Commodity Futures Trading Commission came out with strong statements warning the exuberant initial coin offering industry (ICO) that regulators will no longer tolerate the flouting of existing securities law. ICOs have increased rapidly… Read More

January 26, 2018 @ 7:58 am By JD Alois  |  

Zopa, the largest peer to peer lender servicing consumers, is once again accepting new investors. The UK online lender put a halt to new customers in 2017 as an imbalance occurred as demand outstripped supply. This economic miss-match was said to be due to dramatic… Read More

January 26, 2018 @ 7:39 am By JD Alois  |  

The UK Peer to Peer Finance Association (P2PFA) has published aggregate fourth quarter data for of 2017 for its member platforms. The P2PFA shows that during 2017 £3,145,098,842 in peer to peer loans were facilitated. Cumulative lending transacted through P2PFA member platforms exceeded £8 billion…. Read More

January 25, 2018 @ 11:07 pm By JD Alois  |  

Unikrn, an esports brand, has formed a new partnership with MAINGEAR, a top manufacturers of high-performance PC systems.  The deal will see MAINGEAR creating co-branded UnikoinGold (UKG) crypto-mining capable PCs — the MAINGEAR ACM [Advanced Crypto Miner] and MAINGEAR ACM PRO — available later this… Read More

January 25, 2018 @ 10:46 pm By JD Alois  |  

High Times, or the company that owns the eponymous High Times Magazine, the Hightimes Holding Corp. (THC), has filed do do a Reg A+ offering that seeks to raise up to $50 million in the sale of common stock at a price of $11 per… Read More

January 25, 2018 @ 4:30 pm By JD Alois  |  

Crowdfund Capital Advisors is out with a note that Reg CF, or Regulation Crowdfunding, has topped $100 million in funding raised surpassing an industry milestone. Reg CF is one of the investment crowdfunding exemptions created by the JOBS Act of 2012.  Issuers may raise up… Read More

January 25, 2018 @ 3:49 pm By JD Alois  |  

In another obvious sign that the federal government is ramping up enforcement actions against initial coin offerings that do not file for an appropriate securities exemption or commit other illegal acts such as fraud, CFTC Chairman J. Christopher Giancarlo and SEC Chairman Jay Clayton jointly published… Read More

January 25, 2018 @ 11:58 am By JD Alois  |  

The US Commodity Futures Trading Commission (CFTC) has scheduled a meeting of the Market Risk Advisory Committee (MRAC) for January 31st. The meeting, which is open to the public, will be held at the CFTC HQ in Washington, DC. If you are interested you can… Read More

January 25, 2018 @ 10:10 am By JD Alois  |  

Cayman based Mobius Network has announced the close of their MOBI initial coin offering public sale. Mobius says the token sale was scheduled to close on February 18th, but sold out in just over two hours. Mobius previously announced the closing of a $35 million… Read More

January 25, 2018 @ 9:42 am By JD Alois  |  

Bart Chilton, a former Commissioner at the Commodity Futures Trading Commission (CFTC) from 2007 to 2014, has signed up to advise Omega One, an offshoot of Consensys. Omega One is on a mission to build a bridge between traditional markets and digital assets by improving… Read More

January 25, 2018 @ 9:04 am By JD Alois  |  

In December, the Australian Tax Office (ATO) posted an explanation of tax treatment regarding Bitcoin and other cryptocurrencies. In response to recent media reports that ATO has set up a new taskforce to examine tax issues around cryptocurrencies, FinTech Australia has posted a response. Danielle Szetho, FinTech… Read More

January 25, 2018 @ 7:52 am By JD Alois  |  

Launched just four years again, Fintech platform Raisin has become an unqualified success. Today, the company is announcing that it has topped €5 billion in savings deposits having doubled the amount of accounts in just one year. Raisin, based in Germany, allows users to surf savings… Read More

January 25, 2018 @ 12:36 am By JD Alois  |  

SelfKey, a blockchain-based digital identity firm, has obtained a Mauritius’ Regulatory Sandbox License (RSL), according to information provided by the company. This license will allow SelfKey to develop their self-sovereign digital identity wallet and financial services marketplace under supervision and scrutiny of the Board of… Read More

January 25, 2018 @ 12:11 am By JD Alois  |  

BrewDog USA, a company that completed a Reg A+ crowdfunding round a little over a year ago, has filed a new Form 1-A indicating its intent to raise more money. While the filing has not yet been qualified by the Securities and Exchange Commission (SEC),… Read More

January 24, 2018 @ 11:30 pm By JD Alois  |  

Stuart Stoyan, the founder and CEO of Melbourne-based company MoneyPlace – the second fully licensed marketplace lending platform, has become FinTech Australia’s new chair following the departure of founding chair Simon Cant. Stoyan has agreed to be FinTech Australia’s acting chair until June 2018 when… Read More

January 24, 2018 @ 4:19 pm By JD Alois  |  

Stripe, one of the most popular payment processing platforms around, has scheduled an end to Bitcoin acceptance. According to the company, Bitcoin transactions will end on April 23, 2018. Stripe commented on the decision in a blog post explaining they have long been excited about… Read More