December 7, 2017 @ 10:51 am By JD Alois  |  

Credible, a very promising early stage Fintech marketplace, has gone raised $50 million in an Initial Public Offering (IPO). While the IPO is in itself interesting, the fact that Credible listed on the Australian Securities Exchange (ASX) is telling. The offering, described as the largest… Read More

December 7, 2017 @ 9:58 am By JD Alois  |  

Another day, another record for the worlds most popular cryptocurrency. Bitcoin has been hurdling along toppling records in thousand dollar leaps. We last reported, two days ago, that Bitcoin had topped $12,000. In hindsight, that report (and amount) seems premature as Bitcoin seems rather determined… Read More

December 7, 2017 @ 9:10 am By JD Alois  |  

It is quickly becoming a regular occurrence that a crypto exchange or wallet is hacked and unsuspecting users see their Bitcoins plundered. Yesterday, NiceHash had not so nice news as approximately $70 million in crypto was stolen. In a painful tweet, NiceHash shared the news;… Read More

December 7, 2017 @ 8:15 am By JD Alois  |  

The P2PFA has announced revisions to the UK peer to peer lending industry standards it sets for its member platforms. The P2PFA represents the most prestigious online lenders in the country and has been at the forefront of developing a stringent set of principles that… Read More

December 7, 2017 @ 7:42 am By JD Alois  |  

Huobi Group and SBI Holdings (TYO:8473) have agreed to jointly develop Global Digital Asset Markets focusing on cryptocurrency related businesses in China and the greater Asian region. Yoshitaka Kitao, chairman of SBI Holding (formerly Softbank Investment Group) and Leon Li, Chairman of Huobi Group jointly announced… Read More

December 7, 2017 @ 2:30 am By JD Alois  |  

Revolut knows the future of banking is a digital only world with a feature rich mobile ecosystem. Give people what they need and want in online bank and they will keep coming back in droves. Today, as we alluded to last week, Revolut is officially… Read More

December 7, 2017 @ 1:30 am By JD Alois  |  

FundedByMe, an investment crowdfunding platform, has reached its max self-crowdfunding goal of SEK 20 million (USD$ 2.4 million). According to the campaign page, FundedByMe had 867 investors for 8.02% of the company’s shares. FundedByMe launched its offer on November 10, 2017 and easily raised its… Read More

December 6, 2017 @ 8:20 pm By JD Alois  |  

The Australian Securities Exchange (ASX) will migrate away from its Clearing House Electronic Subregister System or “CHESS” to a system using Distributed Ledger Technology (DLT) commonly referenced as Blockchain. The CHESS platform has been in place since the 1990s. ASX said it is now taking… Read More

December 6, 2017 @ 4:59 pm By JD Alois  |  

Yellow Brick Road has added online lender Prospa to its lending panel. The move was described as an effort to diversify its lending offerings for Australian small business customers. Yellow Brick Road is a full service wealth management company that offers products and services for… Read More

December 6, 2017 @ 2:35 pm By JD Alois  |  

Global Debt Registry (GDR) has joined The Wall Street Blockchain Alliance (WSBA). This follows GDRs recent Blockchain proof of concept ( POC) announcement. GDR says joining WSBA reinforces GDR’s leading role in bringing the power of blockchain to the online lending space. GDR is a… Read More

December 6, 2017 @ 11:51 am By JD Alois  |  

Jack Dorsey, founder of Square and Twitter, revealed in a tweet that Square’s Cash App is rolling out Bitcoin for its users;   Turning on Bitcoin for a lot more cash app folks right now https://t.co/LrozU7fXps — jack (@jack) December 6, 2017 Blockchaiiiiinnnnn. We’re rolling… Read More

December 6, 2017 @ 11:16 am By JD Alois  |  

The Bitcoin Foundation has been working diligently to mitigate language of pending legislation, “The Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017″ (S.1241), in the US Senate that would define anyone issuing, redeeming or cashing Bitcoin as a financial institution. Think about what that… Read More

December 6, 2017 @ 8:03 am By JD Alois  |  

Raisin, a pan-European marketplace for savings products, has topped 100,000 investors representing an interesting twist in Fintech disruption. As we reported this past summer, Raisin had convinced 75,000 investors to switch over €3 billion into savings accounts held at foreign banks. Today, that number is higher. This… Read More

December 5, 2017 @ 9:47 pm By JD Alois  |  

In a volatile world, volatility is king and Bitcoin has it. The worlds most popular cryptocurrency has pushed above $12,000 for the first time during a roller coaster ride over the past few weeks. At last glance, Bitcoin was trading at over $12,300. The  24… Read More

December 5, 2017 @ 7:13 pm By JD Alois  |  

The “Economic Growth, Regulatory Relief, and Consumer Protection Act” was approved by the Senate Committee on Banking today in a legislative move that may improve the environment for much beleaguered banking industry – most profoundly smaller banks. S.2155 found bipartisan support as the bill was… Read More

December 5, 2017 @ 6:54 pm By JD Alois  |  

LendingClub (NYSE:LC) has gone from Wall Street darling to Wall Street dog. Since the IPO at the tail end of 2014, shares in the largest marketplace lending platform in the US have struggled to regain its offer price of $15 a share. If you are… Read More

December 5, 2017 @ 12:30 pm By JD Alois  |  

Funding Circle, the UK based online lender focusing on SMEs, has topped an important milestone having surpassed £3 billion on lending since launch in 2010.  Funding Circle has been rather quiet on the accomplishment beyond noting it on their UK home page where it states 30,986 UK… Read More

December 5, 2017 @ 10:51 am By JD Alois  |  

Indeco, the first Initial Coin Offering (ICO) pre-sale under the SEC’s rules for Regulation Crowdfunding or Reg CF, as it is widely called is open for investors now on StartEngine. First announced during the ICO Summit hosted by StartEngine in November, by using Reg CF… Read More

December 5, 2017 @ 9:31 am By JD Alois  |  

Starling Bank has been granted approval by the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) to offer customers a wide array of financial products by the mobile-only bank.  Starling Bank received a license to operate as a bank by the Bank of England… Read More

December 5, 2017 @ 8:03 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has just released an update on their regulatory Sandbox created to help aspiring Fintech firms to navigate the labyrinth of financial services rules. The trailblazing project, which has been replicated around the world, kicked off in 2014 and the… Read More