General News

June 13, 2019 @ 8:20 am By Cali Haan  |  

The “cryptosphere” has been aflutter over news that Tron cryptocurrency network co-founder Justin Sun successfully bid $4.56 million USD in a charity auction to have lunch with Warren Buffet. Buffet, 88, billionaire CEO of Berkshire Hathaway is vociferous crypto-detractor who has often taken to the… Read More

June 10, 2019 @ 11:15 pm By Cali Haan  |  

160 Bitcoins stolen in a massive hack on the Bitfinex cryptocurrency exchange in 2016 started moving across the blockchain late last week after being dormant for more than 2 years, Hard Fork reports. The cryptocurrency is part of a stash of 744 408 Bitcoins taken… Read More

June 10, 2019 @ 4:00 pm By JD Alois  |  

France is moving forward to embrace blockchain technology and the issuance of digital assets. While security tokens will be regulated just like the securities they are, France has crafted a regulatory regime that supports the issuance of utility tokens. Last December, the French Government issued… Read More

June 8, 2019 @ 8:38 am By Cali Haan  |  

Igor Sechin, head of Rosneft, Russia’s state oil company and reported second-in-command to Russian President Vladimir Putin, told colleagues in St Petersburg this week that the creation of a “Facebook  Global Coin” cryptocurrency could signal American tech companies’ ominous intention to start moving into oil… Read More

June 6, 2019 @ 7:21 pm By Cali Haan  |  

The SEC has voted to implement a new rule compelling securities broker-dealers to act in clients’ best interests. SEC Chairperson Jay Clayton spoke about the new rule, as well as the SEC’s treatment of cryptocurrencies, in a televised interview for CNBC’s Squawk Box program June 6th. … Read More

June 6, 2019 @ 4:18 pm By Cali Haan  |  

In its latest “country-specific recommendations,” the EU has advised officials in Malta to enhance oversight of the country’s booming cryptocurrency and gaming sectors, to boost rules and address understaffing in the country’s Economic Crimes Unit, and to act against “aggressive tax planning” (evasion) executed by individuals… Read More

June 6, 2019 @ 1:40 pm By JD Alois  |  

Online lender LendingUSA is showing some of their employees the door. Crowdfund Insider recently received a tip from someone with knowledge of the firings. LendingUSA is a Fintech lender that provides loans to small businesses ranging from $1000 to $35,000. Founded in 2015, LendingUSA specializes… Read More

June 5, 2019 @ 10:32 am By JD Alois  |  

Apple (NASDAQ:AAPL) is going crypto, so it seems. This week Apple held its annual World Wide Developers Conference (WWDC) sharing all of their forthcoming software updates along with a super expensive, high powered Mac Pro. During one of the many developer sessions, Apple announced a… Read More

June 5, 2019 @ 9:13 am By JD Alois  |  

The Financial Conduct Authority (FCA) and the Dutch Authority for the Financial Markets (AFM) have signed a formal agreement to work more closely together as financial services firms look to maintain a foothold in continental Europe. The FCA states that since the UK announced its… Read More

June 5, 2019 @ 8:53 am By JD Alois  |  

The Financial Conduct Authority (FCA) has announced that Baroness Zahida Manzoor CBE has been appointed Chair of the Financial Ombudsman Service. Baroness Manzoor will step into the role in August taking over from Sir Nicholas Montagu who is stepping down after more than seven years in… Read More

June 4, 2019 @ 7:52 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has published a long-anticipated update to crowdfunding rules. More specifically, the FCA has “enhanced” aspects of investor protection for investors participating in peer to peer lending (P2P). Rules for investment crowdfunding, on the other hand, came out largely unchanged…. Read More

May 29, 2019 @ 12:01 pm By Samantha Hurst  |  

MetaProp recently announced the opening of applications for the 2019-2020 MetaProp Accelerator at Columbia University, which is a PropTech accelerator program based in New York City. According to MetaProp, the 22-week boot camp connects up to eight PropTech startups from around the world to award-winning… Read More

May 28, 2019 @ 2:02 pm By JD Alois  |  

For years, there has been a discussion regarding the initial public offering (IPO) conundrum. Back in the day, smaller investors could join alongside institutional money to capture wealth in an IPO. Today, too frequently, that is simply not the case. The big money has been… Read More

May 27, 2019 @ 9:52 pm By Cali Haan  |  

Ex parte orders filed against the Binance crypto trading platforms by a leg of the VC firm Sequoia Capital have backfired as a judge’s staying of the orders have ushered in a countersuit against Sequoia brought by Binance CEO Changing Zhao, also known as “CZ,”… Read More

May 27, 2019 @ 5:10 pm By JD Alois  |  

The Institute for Financial Services Zug IFZ at the Lucerne University of Applied Sciences and Arts has published their annual crowdfunding report and it appears that Switzerland is developing a robust online capital formation market. The author of the study is Prof. Dr. Andreas Dietrich…. Read More

May 23, 2019 @ 6:16 pm By JD Alois  |  

Iconoclastic crypto-preneur Brock Pierce is taking advantage of new legislation enacted in Puerto Rico to help rebuild the island since Hurrican Maria hit it hard. Recently, the Governor of Puerto Rico Ricardo Rossello has signed into law a bill that creates Qualified Opportunity Zones (QOZ)…. Read More

May 22, 2019 @ 9:33 am By JD Alois  |  

Challenger bank Tandem has formed a partnership with “social mobility charity,” Brightside, to educate the youth on financial management. According to Tandem, a pilot program has been launched to deliver a program to a North London school to students aged 16 to 18 “offering a… Read More

May 22, 2019 @ 8:57 am By Samantha Hurst  |  

KoreConX announced on Wednesday it has appointed Howard Atkinson, the Chairman of the Board of Directors at Canada-based multi-cryptoasset investment round 3iQ, is joining the company’s Board of Directors. According to KoreConX, Atkinson has also been in the financial services industry for over three decades… Read More

May 22, 2019 @ 6:00 am By JD Alois  |  

Goren Holm Ventures (GHV), a Fintech and blockchain-focused venture studio has joined Draper Venture Network’s DVN Beta program. GHV was founded by Alon Goren and Josef Holm, co-creators of Crypto Invest Summit and Security Token Summit. GHV has evolved into a venture studio, accelerating six… Read More

May 18, 2019 @ 4:17 pm By JD Alois  |  

Earlier this week, Patrick Byrne, CEO and founder of Overstock  (NASDAQ:OSTK), filed a Form 4 indicating a sale of 900,000 shares in his company.  Apparently, the masses slammed the sale demanding answers. Simultaneously the price of Overstock swooned on the news. Yesterday, in a Dear… Read More