November 10, 2017 @ 3:27 pm By JD Alois  |  

Acting Comptroller of the Currency Keith Noreika delivered a speech this week that has the traditional banking industry up in arms.  Noreika made the heretical statement that competition is good for the banking industry inciting the wrath of the Independent Community Bankers of America (ICBA),… Read More

November 10, 2017 @ 10:05 am By JD Alois  |  

Chinese online lender PPDAI traded on the NYSE under ticker PPDF today after pricing shares at $13 each for their initial public offering. The IPO raised $221 million for the peer to peer lending platform with Credit Suisse and Citi acting as lead managers.  PPDAI… Read More

November 10, 2017 @ 9:21 am By JD Alois  |  

KPMG Pulse of Fintech was published this week and as usual it was packed full of interesting data points regarding the global Fintech industry. Overall, global Fintech investment remains solid with$8.2 billion invested across 274 deals. Sizable Fintech deals helped to propel this number with… Read More

November 10, 2017 @ 2:10 am By JD Alois  |  

Germany’s financial regulator, the Federal Financial Supervisory Authority (BaFin), has published a consumer warning today on Initial Coin Offerings (ICOs). BaFin said the purchase of cryptocurrency coins or tokens may result in substantial risks for investors calling them highly speculative. The agency said the high… Read More

November 10, 2017 @ 1:30 am By JD Alois  |  

There is a growing number of women in the finance industry – even more so in alternative finance. The UK, via HM Treasury’s Women in Finance Charter, is actively pursuing the promotion of women executives in this vitally important sector of business. According to HM… Read More

November 9, 2017 @ 4:38 pm By JD Alois  |  

The Federal Reserve is out with a disconcerting report regarding the peer to peer lending or marketplace lending industry. According to the authors, Yuliya Demyanyk at the Cleveland Federal Reserve, Elena Loutskina at the University of Virginia, and Daniel Kolliner at the University of Maryland, peer… Read More

November 9, 2017 @ 11:37 am By JD Alois  |  

The House of Representatives passed the Micro Offering Safe Harbor Act (HR 2201) today largely on a party line vote of 232 to 188. The bill, sponsored by Representative Tom Emmer from Minnesota,  seeks to allow small businesses to raise up toe $500,000 per year… Read More

November 9, 2017 @ 11:17 am By JD Alois  |  

  Cappasity, a company in the midst of their own initial coin offering (ICO) that was impacted by the Parity multi-sig wallet hack, has called the hack a deliberate act of fraud. Cappasity told Crowdfund Insider; “Currently, we are running an ICO. On November 7,… Read More

November 9, 2017 @ 10:30 am By JD Alois  |  

Uniti, a Swedish electric car company that is in the midst of an investment crowdfunding round, has announced the creation of a new cryptocurrency and forthcoming Initial Coin Offering (ICO). Uniti states it is in the midst of  launching the “world’s first Certified Green” ICO. The… Read More

November 9, 2017 @ 8:26 am By JD Alois  |  

OurCrowd, one of the largest equity crowdfunding platforms in the world, has invested in Nexa3D maker of ultra-fast Stereolithography professional-grade 3D printers.  OurCrowd was joined in the investment by XYZprinting bringing total investment to $10 million. As part of the investment, XYZprinting has agreed to manufacture… Read More

November 8, 2017 @ 9:54 pm By JD Alois  |  

Electroneum, a company that recently raised $40 million in an initial coin offering (ICO), has enlisted the assistance of Hackerone following a “real, credible, security threat” to their platform. Electroneum has prominently promoted its platform as a “super Secure – unhackable offline wallet” that is… Read More

November 8, 2017 @ 9:09 pm By JD Alois  |  

Square, the massive payments platform that is slowly moving into online lending, filed a for a patent back in March of 2015 that was granted just a few weeks back (September 2017). The Patent is described as follows: “A system and method for calculating crowdfunding… Read More

November 8, 2017 @ 6:37 pm By JD Alois  |  

Prospa has claimed first in the race to originate over half a billion in small business loans. The online lender states that over the past 12 months, Prospa has experienced dramatic growth, doubling the size of its loan book. Prospa has now provided credit to… Read More

November 8, 2017 @ 4:30 pm By JD Alois  |  

Square (NYSE:SQ), a growing Fintech and payments platform, reported earnings after the bell today. Square saw “ongoing strength” in transaction, subscription and services-based revenue. Top-line revenue grew from the Q2 of 2017 increasing 33% year over year, up from 26%.  Gross Payment Volume (GPV) jumped… Read More

November 8, 2017 @ 3:12 pm By JD Alois  |  

Parity wallet revealed a critical security issue this week regarding a vulnerability in the Parity Wallet. Earlier today, the Parity team posted an update regarding the hack: We very much regret that yesterday’s incident has caused a great deal of stress and confusion amongst our users… Read More

November 8, 2017 @ 2:42 pm By JD Alois  |  

Perkins Coie, a law firm that is big in the cryptocurrency / initial coin offering sector, has announced it has been named a “Founding Steward” by the Sovrin Foundation, the first law firm to be so selected. So what is a self-sovereign identity (SSI) network? A… Read More

November 8, 2017 @ 12:52 pm By JD Alois  |  

A planned upgrade to improve scalability of Bitcoin, entitled Segwit2X has been suspended. The announcement that the forthcoming fork was not going to happen has caused the price of BTC to rocket higher topping $7800. The public post announcing the halt to 2x is republished… Read More

November 8, 2017 @ 12:33 pm By JD Alois  |  

Electroneum recently raised $40 million in a highly successful Initial Coin Offering (ICO). The funding came in via ETH 42058.31 and BTC 4872.16. The British cryptocurrency for is targeting the 2.2 billion smartphone users around the globe. Electroneum explains the problem their crypto is attempting… Read More

November 8, 2017 @ 9:34 am By JD Alois  |  

  Acting Comptroller of the Currency Keith Noreika delivered a speech today discussing the US banking industry. In the speech, Noreika makes an important point: US banks need more competition, not less. He also intimates that mixing commerce and banking can deliver benefits to consumers…. Read More

November 8, 2017 @ 8:29 am By JD Alois  |  

Parcel2Go, described as the UK’s largest parcel delivery comparison website, is crowdfunding on Crowdcube to raise a minimum of £500,000.  The offer is said to be part of a wider fundraising program, and, after giving an exclusive early registration period to Parcel2Go customers over the… Read More