Featured Headlines

May 22, 2018 @ 10:47 pm By JD Alois  |  

On the same day the North American Securities Administrators Assocation (NASAA) announced “Operation Cryptosweep” – a coordinated enforcement action targeting fraudulent initial coin offerings (ICOs), Commodity Futures Trading Commission (CFTC) Chair J. Christopher Giancarlo delivered a speech to NASAA members. Within his prepared remarks, Giancarlo stated;… Read More

May 22, 2018 @ 3:47 pm By Erin Hobey  |  

Capital Cell recently launched a new self-funding fundraising round to create the first ICO marketplace for health via Blockchain. Seeking to raise €700,000, the Barcelona-based platform has already secured over €882,400 from more than 178 investors. The platform was pre-valued at €5,550,000. “We launched the funding round… Read More

May 21, 2018 @ 4:41 pm By Alan Yong  |  

Recently during a television interview, world-renowned investor and well-known Bitcoin cynic Warren Buffet described Bitcoin as “rat poison squared”. Buffett made the comment while responding to questions about Bitcoin’s meteoric and highly-publicized growth in the last five years. It would be an easy matter to… Read More

May 21, 2018 @ 1:00 am By Therese Torris  |  

  A consumer survey reveals that the penetration of crowdfunding in France is still quite low. However, consumers have a very positive image of crowdfunding, one that remains close to its historical root values of innovation, democratization of access to financing, transparency, and economic /… Read More

May 19, 2018 @ 6:46 pm By Xu Gao  |  

Multinational Retail Giant Auchan Establishes a Joint Venture of Consumer Finance with China’s Bright Food Group On April 28th, France’s Oney Bank and Bright Food Group from Shanghai, signed an investment agreement to establish Shanghai Bright-Oney Consumer Finance Co., Ltd., and submitted the materials to… Read More

May 18, 2018 @ 2:39 pm By Gene Grant  |  

Several news reports this month have pointed to a slowdown in the crypto token issues that have been used to finance early stage companies, and the reports predicted that the increased regulatory activity echoing around the globe will serve as a deterrent to further growth…. Read More

May 17, 2018 @ 6:37 pm By Cali Haan  |  

    In a morning talk Monday at the massive cryptocurrency conference Consensus, economist James Bullard, President and CEO of the Federal Reserve Bank of St. Louis, challenged the vision of a muliti-coin paradise espoused by ICO (Initial Coin Offering) marketers. His thesis in a… Read More

May 16, 2018 @ 12:00 pm By Cali Haan  |  

Representatives from the three bodies policing securities in the US and the Chief Strategy Officer from the Bittrex cryptocurrency exchange spoke on an “Enforcement” panel May 15 at the Consensus conference in New York. Citing an “open door” policy, the regulators- James McDonald, Director of… Read More

May 15, 2018 @ 12:00 pm By Olga Feldmeier  |  

There has been a lot of hype about initial coin offerings (ICOs) recently, but the truth is that many are failing to hit their target and raise funds for their promoters. Many fail because of their sheer lack of potential. However, many ICOs also fail… Read More

May 14, 2018 @ 7:01 pm By Cali Haan  |  

  Blockchain has been called “The Foundation of the Fourth Industrial Revolution.” Umpteen conferences are now being devoted to explaining it. Hundreds of cottage firms have emerged claiming blockchain expertise. Enterprises, hearing that Bitcoin will compete with their payment or other systems have been spending millions… Read More

May 13, 2018 @ 8:17 pm By JD Alois  |  

Towards the end of April, SEC Commissioner Robert J. Jackson Jr. delivered a heartfelt speech in Cleveland about the decline of initial public offerings (IPOs) in the US. While there has been much debate regarding the cause of this decline (with some questioning whether it even… Read More

May 12, 2018 @ 10:32 am By Xu Gao  |  

PBOC Bans Unauthorized APP to Access Credit Rating System Recently, the People’s Bank of China (PBOC), China’s central bank, issued a document named, “Notice on Further Strengthening the Management of Credit Information Security” (Yinfa [2018] No. 102) (hereinafter referred to as “Document No. 102”), to… Read More

May 10, 2018 @ 9:04 pm By JD Alois  |  

Real estate crowdfunding continues to be a promising sector for both issuers of securities and investors in the space. It is an inevitability that property as an asset class will migrate to being available nearly 100% online. Easier for investors to participate and incredibly easier… Read More

May 9, 2018 @ 7:25 pm By Cali Haan  |  

The man who decoupled messaging from the main Facebook site, made it a discreet app customers had to download to phones (which mined even call data from customer phones), is leaving Facebook’s Messenger department to lead a blockchain working group within the company. David Marcus,… Read More

May 8, 2018 @ 12:34 pm By JD Alois  |  

“The regulator should be careful not to try to control the development of new technologies.” – Hester Peirce, SEC Commissioner SEC Commissioner Hester Peirce delivered a fascinating speech in LA today, addressing the challenges of innovation in the financial services sector while providing insight into… Read More

May 7, 2018 @ 12:33 pm By Timothy Li  |  

  In two of my previous articles, “The Top Ten Fintech Predictions for 2018” and “Top The Fintech Predictions for 2017”,  I predicted a few things to come including The End of Privacy, Vertical Integration and What’s Your Advantage where I visualized Facebook, Snapchat, Tesla,… Read More

May 7, 2018 @ 9:29 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has announced that it is working with a consortium of agencies to accelerate the utilization of artificial intelligence (AI) in the financial services sector. MAS has always sought to keep Singapore at the forefront of Fintech innovation and encouraging… Read More

May 6, 2018 @ 4:15 pm By Alan Yong  |  

  The so-called dotcom era that lasted from 1997 to 2001 was an epic period for tech industry hype. It was a veritable Wild West for tech-oriented businesses, where it sometimes seemed like investor money all but grew on trees for the many start-up firms… Read More

May 6, 2018 @ 2:42 pm By Cali Haan  |  

Ripple Labs, the company behind the cryptocurrency Ripple (XRP), are facing a class action lawsuit filed by an investor, Ryan Coffey, who alleges the company sold it’s cryptocurrency tokens to the public in violation of US securities laws. The filing also claims the company has… Read More

May 5, 2018 @ 2:56 pm By JD Alois  |  

Recently, CI had the chance to speak to part of the team from Elevate (NYSE: ELVT) – an online lender that is servicing the non-prime market. As most people are aware, a prime borrower has a lot of options in the marketplace from both from traditional financial… Read More