General News

August 15, 2019 @ 12:27 pm By JD Alois  |  

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

August 15, 2019 @ 1:04 am By JD Alois  |  

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

August 14, 2019 @ 10:48 pm By JD Alois  |  

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

August 13, 2019 @ 10:55 pm By JD Alois  |  

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

August 13, 2019 @ 8:04 pm By JD Alois  |  

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

August 10, 2019 @ 3:59 pm By JD Alois  |  

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

August 9, 2019 @ 1:50 am By JD Alois  |  

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

August 7, 2019 @ 2:42 am By Cali Haan  |  

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

August 6, 2019 @ 2:33 pm By JD Alois  |  

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

August 5, 2019 @ 6:37 pm By JD Alois  |  

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

August 2, 2019 @ 1:21 am By JD Alois  |  

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

August 1, 2019 @ 1:28 am By JD Alois  |  

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

July 30, 2019 @ 11:28 pm By Cali Haan  |  

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

July 30, 2019 @ 2:56 am By Cali Haan  |  

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

July 29, 2019 @ 1:23 pm By Samantha Hurst  |  

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

July 27, 2019 @ 7:44 am By Cali Haan  |  

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

July 25, 2019 @ 2:24 pm By JD Alois  |  

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

July 25, 2019 @ 11:02 am By JD Alois  |  

The United Kingdom is host to the most robust securities crowdfunding market in the world. Issuers may raise as much money as they want online. Mostly, all types of investors may participate. There is a prospectus requirement kicks in at €8 million creating a significant… Read More

July 24, 2019 @ 12:54 pm By JD Alois  |  

Switzerland is the world’s most-innovative country, according to an annual report published by the World Intellectual Property Organization (WIPO). Switzerland was ranked in the top spot year prior as well in the 2019 edition of the Global Innovation Index (GII). Following in 2nd and 3rd… Read More

July 24, 2019 @ 7:26 am By Cali Haan  |  

Solomon’s Independent Financial Advisers founder, Dominic Thomas, has told FT Adviser that he received a fake “FCA-endorsed” crypto scam email five times over the weekend before finally going on Twitter to warn the regulator. The FCA (Financial Conduct Authority) oversees UK capital markets, and has been… Read More