General News

Global Fintech Conference LendIt Adds Latin America to List of Targeted Events

LendIt, best known for its roving events targeting the online lending industry plus other aspects of the emerging Fintech industry, has added Latin America to its list of targeted regions with a new event. FinnoSummit, taking place in Miami this coming December, is being produced… Read More

Report Says STOs in Europe Have Experienced a 17% Success Rate, Led by Switzerland

According to a report by Fintelum, a tokenization platform for primary issuance and secondary trading, 17% of security token offerings have been successful in Europe (EU + Switzerland and the UK). Granted, it is still very early in the digital asset realm so while the… Read More

Outlier Ventures Study: $23.7 Billion Has Been Raised by Blockchain Startups Since 2013

Outlier Ventures, a venture platform that funds seed and growth stage blockchain firms, has published a report on blockchain investment. According to Outlier, since 2013 approximately 3,738 blockchain companies have raised $23.7 billion. Funding for blockchain firms in 2019 appears to be on track to… Read More

SEC: CFO of MCA Site 1 Global Capital Raised $322 Million and Allegedly Defrauded 1000s of Investors

The Securities and Exchange Commission (SEC) Enforcement Division has charged Alan Heide with defrauding retail investors. Heide was the former CFO of 1 Global Capital – a merchant cash advance platform (MCA). 1 Global is now bankrupt and former principles Carl Ruderman and Henry J…. Read More

CypherTrace Crypto Report: Scammers Stole $4.26 Billion in First 6 Months of 2019

Cryptocurrency sleuth CypherTrace is out with their H1 Crypto report covering scams, rule changes, and major trends. The document claims that crooks stole $4.26 billion during the first 6 months as fraudsters continued to fleece good money from the unsuspecting. According to CypherTrace, insider thefts… Read More

Accenture Fintech Report: Huge Jump in Funding in UK & US While China Declines Following Big 2018

Global Fintech funding declined during the first half of 2019, driven by a drop in China. But while China dipped, Fintech investment jumped in other countries led by the US and the UK, according to a report from Accenture (NYSE: ACN). Yesterday, Crowdfund Insider reported… Read More

The Cambridge Centre for Alternative Finance Joins with World Economic Forum in Research Project Regarding Artificial Intelligence and Financial Services

The Cambridge Centre for Alternative Finance (CCAF) has partnered with the World Economic Forum (WEF) to jointly launch a research project addressing Artificial Intelligence (AI) in financial services. CCAF is an academic research institute at Cambridge Judge Business School, University of Cambridge, and is the… Read More

What’s Going On? VC Fintech Deals Fall to 10 Quarter Low But Sector Still Hot as Fintech Unicorn Herd Now Numbers 48 at $187 Billion Valuation

Digital Banks are the New Shiny Global Fintech deals tallied 838 rounds worth $15.1 billion in the first six months of 2019 but the number VC backed Fintech deals dropped to the lowest number since Q4 of 2016, according to CBInsights quarterly Fintech report. While… Read More

SEC Government-Business Forum on Small Business Capital Formation Agenda Published

The Securities and Exchange Commission (SEC) has posted the agenda for the 2019 Government-Business Forum on Small Business Capital Formation scheduled for next week in Omaha, Nebraska. Typically, all of the Commissioners will participate in the Forum. During the tenure of prior Chairmen, the SEC… Read More

Does Blockchain Undermine or Enhance GDPR? European Parliament Report Explains

For some people, Blockchain or distributed ledger technology (DLT) holds almost mystical potential to revolutionize everything. While there is more than a bit of hyperbole associated with blockchain, it is a fact that many corporates are incorporating DLT within their operations to streamline and remove… Read More

Fund Manager: Looming Crises in Asia Pushing Capital into Bitcoin and Gold, “But Real Rates of Return Will Come Down”

Kyle Bass, a fund manager who predicted the 2008 economic crisis says the troubles in Hong Kong, US-China trade tensions and Chinese debt are probably incentivizing capital flight into Bitcoin, gold, and other currencies as investors and citizens seek refuge from a depreciating yuan. “If… Read More

Report States that Reg CF Has Topped $250 Million in Commitments but Falls Short of Potential

Regulation Crowdfunding (Reg CF) has topped $250 million in investment commitments. This number includes both successful and unsuccessful offerings so the amount actually invested would be somewhat lower. This report is courtesy of Crowdfund Capital Advisors (CCA), a consultancy and data provider that has long… Read More

SEC Chair Jay Clayton Schedules Meet Up for Main Street Investors in Chicago on the 15th

Securities and Exchange Commission Chairman Jay Clayton has booked an event for “Main Street investors” to be held in Chicago on Thursday, August 15. The event will come a day after the SEC’s annual Government-Business Forum on Small Business Capital Formation taking place in Omaha…. Read More

Oh Canada: First 6 Months Saw Canadian Fintech Firms Raise Nearly Double Year Prior, Cannabis and AI Investment Cools

In Canada, venture funding for early-stage firms cooled during the first six months of the year. Total amount raised by Canadian firms dipped by 13% in comparison to the same period year prior. The total number of deals declined from 280 in 2018 to 240… Read More

In First 18 Months, Equity Crowdfunding Tops $30 Million in Australia

In 2018, investment crowdfunding rules were improved after years of debate and discussion between industry leaders and politicians. Frequently referred to as  “crowd-sourced funding” in Australia, in brief, the rules now allow for an issuer to raise up to $5 million in an online offering… Read More

GoFundMe Campaign Started to Defend Peter Todd Sexual Assault Accuser

A trans cryptographer named Isis Agora Lovecruft has started a GoFundMe campaign to defend themself in a defamation lawsuit brought by prominent Bitcoin core developer Peter Todd. Todd levelled the suit against Lovecruft in April after Lovecruft called him a “rapist” in a tweet. Lovecruft’s… Read More

Justin Sun Attended TRON Influencer Party Same Day as Postponed Lunch with Warren Buffet

Have coin, must influence. Justin Sun, founder of the TRON cryptocurrency network, canceled his much advertised Thursday charity lunch with Warren Buffet last week, but then made an appearance that same evening at a party held for TRON YouTube influencers in San Francisco, according to CoinDesk…. Read More

Singapore Robo-Advisor StashAway Raises $12 Million Through Series B Funding Round

StashAway, a company that claims to be the first robo-adviser to receive a retail license in Singapore, announced on Monday it raised $12 million through its Series B funding round. Investors of the round include  Eight Roads and Asia Capital & Advisors! Eight Roads, the… Read More

Irish Silk Road Administrator Sentenced to Six Years

An Irish citizen accused in the United States of conspiring to distribute narcotics while working for the Dark Net illicit marketplace Silk Road has been sentenced to six years’ (78 months) imprisonment in the State of New York as well as 3 years’ of supervised… Read More

The Blockchain Association Leads Innovation Advocacy Charge in Washington, DC

There is a lot of debate regarding the efficacy of distributed ledger technology (DLT)/Blockchain and how it will impact financial services as well as other industries. Regardless of your point of view, it is clear that blockchain has compelled established financial firms to up their… Read More

Send this to a friend