General News

The Largest Equity Crowdfunding Event in the World: OurCrowd Plans Global Investor Summit

Leading global crowdfunding platform OurCrowd has had a stellar year. Multiple portfolio companies have IPOed’ or been acquired providing positive outcomes for platform investors. As Crowdfund Insider reported earlier this year, OurCrowd has topped USD $ 1 billion in committed capital making perhaps making it… Read More

Must See Live Stream: House Financial Services Subcommittee to Hold Hearing on Private Market Securities Exemptions & IPOs

Tomorrow (September 11), the House Financial Services Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets, will hold a must-see hearing on “Examining Private Market Exemptions as a Barrier to IPOs and Retail Investment.”  The Subcommittee is Chaired by Representative Carolyn Maloney. The Hearing incorporates multiple pending… Read More

Here’s What We Know About Apple’s 3 New iPhone Models, Launching On September 10

Apple (NASDAQ:AAPL) is reportedly planning to launch three new iPhone models on September 10.  Some of the most highly anticipated upgrades include a new frosted-glass design and an updated three-lens camera system. The latest smartphones from Apple may be used as charging pads for other… Read More

U.S. Investment & Tech Firm PEAK6 Announces Acquisition of Electronic Transaction Clearing

PEAK6, a U.S.-based investment and technology firm, announced on Monday it has acquired Electronic Transaction Clearing, a custodian and clearing provider. According to PEAK6, ETC’s institutional orientation will “expand” the company’s footprint in custody and clearing and is a direct complement to one of its… Read More

Alibaba Acquires Kaola for $2 Billion from Entertainment Giant NetEase, Creates China’s Largest International E-commerce Platform

Chinese multinational conglomerate Alibaba Group has acquired Kaola for approximately $2 billion from Hangzhou-based entertainment giant NetEase. The acquisition has created the largest cross-border e-commerce platform in China, according to Alibaba’s management. Commenting on Alibaba Group’s latest acquisition, company chief executive Daniel Zhang said:  “With… Read More

Former Associate GC and BNY Mellon MD Linc Finkenberg Joins Perkins Coie in Move to Boost Fintech Practice

Linc Finkenberg, a former Associate General Counsel and Managing Director at BNY Mellon, has joined Perkins Coie as part of the firms Fintech and financial transactions practice in New York City. While at BNY Mellon, Finkenberg led a global team of more than 30 lawyers and… Read More

uBiome, Once a Biotech Darling, Now in Bankruptcy

uBiome, once a Biotech darling that popularized its concept on the pages of pretail e-commerce site Indiegogo and then listed an investment opportunity on Angellist, has filed for bankruptcy according to public documents. Back in 2015, uBiome pitched the concept of sequencing an individual’s microbiome… Read More

Biz2Credit’s Analysis of Industry Sectors Reveals Restaurant Loan Approval Rates Were Above 50% in 2018

Online lending platform Biz2Credit announced on Friday its latest analysis of industry sectors found that restaurant loan approval rates were above 50% in 2018. Biz2Credit revealed that though the analysis noted that restaurants and accommodation businesses had the highest loan approval rates (51%) in 2018… Read More

China’s Fintech Development Plan: Six Key Tasks

While China has obviously morphed from a command economy to one that has wholeheartedly embraced the benefits of capitalism and a market economy there still remains substantial central planning. The current Belt and Road initiative is all about global development and increasing China’s influence around… Read More

SoFi to Open Office in Jacksonville Florida, will Create 300 Jobs: “Offering an Affordable Cost of Living”

San Francisco based SoFi is expanding and hiring new employees. The California born Fintech is just not doing it in the Golden State. SoFi will be hiring 300 new employees in a new Southeast Operations Center in Jacksonville, Florida. SoFi, like many other firms, is… Read More

UN Official Says Cryptocurrencies Making Child Exploitation Easier, More Profitable

Content warning: This article contains brief descriptions of the abuse of children. Reader discretion is advised. Cryptocurrencies are making cyber-crime, terror financing, money laundering and child exploitation much easier, Neil Walsh, chief of the Cybercrime and Anti-Money-Laundering section of the United Nation’s Office on Drugs and Crime… Read More

Fintech Unison Considers Exiting San Francisco. Will Others Follow?

In a report from last week, Fintech Unison was highlighted as considering an exit from the tech startup epicenter of San Francisco. According to SF Business Times, Texas, Idaho, and other states are looking to lure companies away from the Bay Area as the cost… Read More

Patrick Byrne Goes on Fox News Making Serious Allegations Against Former Obama Administration Officials

Former Overstock (NASDAQ:OSTK) CEO Patrick Byrne was visiting with the studios of Fox News today following his abrupt resignation earlier today from the company he founded. Byrne is widely recognized as a pioneer in the blockchain sector having launched several companies, including tZero, targeting the… Read More

SEC Investor Advisory Committee Requests an Extension on Deadline for Concept Release Comments

The Securities and Exchange Commission (SEC) Investor Advisory Committee (IAC) has requested an extension on comments regarding the current Concept Release for regulatory harmonization pertaining to securities exemptions. The Concept Release, akin to a consultation, was launched in June as an attempt to simplify securities… Read More

Report: Led by Fintech, UK Tech Sector Attracts More Foreign Investment Than Year Prior, Tops US for Foreign Investment per Capita

A new report published by Tech Nation and Dealroom indicates the UK is experiencing a robust market for investment in early-stage firms. In fact, the UK is going gangbusters in comparison to the year prior. The report states that the UK tech sector has attracted… Read More

White Label Crowdfunding Provider CrowdEngine Adds InvestReady Accreditation Process to Platform

CrowdEngine, a white-label securities crowdfunding platform, has enlisted InvestReady to provide investor accreditation status and verification service. CrowdEngine will integrate InvestReady’s services as part of its portfolio of offerings. CrowdEngine can power online capital formation, including token offerings, both domestically and internationally. In the US,… Read More

Quote: Private capital raising is now outpacing capital raising in our public markets, yet our Main Street investors have no effective access to investments in private capital offerings

In the US, the definition of an “Accredited Investor” is an individual who earns over $200,000 a year or has $1 million in net assets minus their primary residence. If you are married, that number moves higher. Yet, as it stands today, this definition does… Read More

20 Texas Municipalities Suffer Coordinated Ransomware Attack

At least twenty local governments in Texas are now coping with a “coordinated ransomware attack on municipality computer systems,” the Texas Department of Information Resources (DIR) reports. Affected cities and towns are not named in the release. A response is being coordinated by the Texas Division of… Read More

BitGo Appoints Former Xapo’s Senior Vice President Pete Najarian As New Chief Revenue Officer

Blockchain software firm BitGo announced on Monday it has appointed former Senior Vice President at Xapo, Pete Najarian, as its new Chief Revenue Officer. According to BitGo, Najarian has more than 20 years of experience working in international finance with institutional investors. Prior to Xapo,… Read More

Switzerland to Heavily Promote Domestic Fintech Firms at Forthcoming Singapore Fintech Festival

Switzerland Global Enterprise (S-GE) and the Swiss Business Hub ASEAN expect to showcase approximately 30 different Fintech firms at the upcoming Singapore Fintech Festival this coming November. A noted Asian Fintech Hub, the annual Singapore Fintech Festival has captured wide participation from Southeast Asia as… Read More

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