General News

July 2, 2018 @ 9:15 am By JD Alois  |  

EquityZen, a secondary market for private securities and fund platform, recently posted an update on platform performance. The results are interesting. First of all, investing in any early stage firm is a risky endeavor. Many, if not most, early stage companies fail or meander along…. Read More

July 2, 2018 @ 8:54 am By Samantha Hurst  |  

Nordea announced on Monday it has into an agreement with Gjensidige Forsikring ASA to acquire all shares in Gjensidige Bank ASA. The company reported that it purchased the bank for an estimated cash consideration of NOK 5,500 million (€578 million), that will be adjusted for the… Read More

June 30, 2018 @ 12:01 pm By Cali Haan  |  

Ross Ulbricht has been denied his last chance to appeal the sentence of double life plus forty years (with no chance of parole) he received after being convicted of running the “Silk Road” illicit online marketplace in 2015. The decision to deny the request was… Read More

June 30, 2018 @ 5:18 am By JD Alois  |  

The Milken Institute has officially launched their Fintech Advisory Committee – a group that was previously revealed during Milken’s annual conference in Los Angeles. Jackson Mueller, head of the Fintech program at Milken, said that the cost of financial intermediation has largely remained unchanged for 100… Read More

June 29, 2018 @ 11:49 am By Samantha Hurst  |  

FinTech Scotland announced on Thursday its new board members, who will work with CEO Stephen Ingledew and the FinTech Scotland team to oversee the strategic plans for making Scotland a “top five” global fintech center. The board member announcement comes just one month after FinTech… Read More

June 29, 2018 @ 1:49 am By Therese Torris  |  

The German Crowdfunding Association announced today that the German parliament has approved the implementation of the European Prospectus regulation and, at the suggestion of the federal government, has decided to raise the upper limit of the prospectus exemption for crowdfunding issuance from the current €2.5… Read More

June 28, 2018 @ 9:35 pm By Samantha Hurst  |  

Citi announced on Thursday it has teamed up with Computershare to launch its new digital platform for proxy voting, Proxymity, through the company’s D10X program. According to Citi, by using a core algorithm to streamline the flow of information between intermediaries, Proxymity maximizes the accuracy and transparency… Read More

June 28, 2018 @ 8:00 am By Erin Hobey  |  

Kabbage, Inc., a global financial services, tech and data platform serving small businesses, reports its 145,000-plus small business customers accessed over 300,000 loans during non-banking hours, reaching a record total of more than $1 billion in funding. In total, Kabbage has now provided access to… Read More

June 28, 2018 @ 4:23 am By Erin Hobey  |  

Swarm, the blockchain for private equity, has launched the DMN Token representing fractional ownership of a Dash masternode, extending block rewards and voting rights to all token holders. Additionally, investors may now use Dash to participate in all investment opportunities on Swarm’s marketplace. “Dash is… Read More

June 27, 2018 @ 9:37 am By Samantha Hurst  |  

TD Bank announced on Tuesday it has formed a new partnership with BizEquity to provide its small and mid-size business customers and prospects from Maine to Florida a no-cost comprehensive business valuation through a cutting-edge digital application. The bank revealed that through its relationship with the Philadelphia-based fintech it now offers… Read More

June 26, 2018 @ 11:52 am By Erin Hobey  |  

Venture capital firm Hack VC is prepping for its bi-annual event, hack.summit(), a gathering and hackathon of some of the world’s key technical leaders in blockchain. To be held virtually on 9-11July 2018, this year’s hack.summit() theme is blockchain, with headline speakers including technical founders of… Read More

June 26, 2018 @ 11:06 am By Erin Hobey  |  

A few days since its airdrop distribution of football tokens (or soccer tokens in the US),  during which Waves Platform said that it would distribute 150,000 cryptocurrency tokens to the wallets of its users free of charge (users must first create a wallet on their platform… Read More

June 26, 2018 @ 3:33 am By Erin Hobey  |  

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, has launched its framework to regulate spot crypto asset activities, including those undertaken by exchanges, custodians and other intermediaries in ADGM, following the successful completion of a public consultation on the introduction of… Read More

June 23, 2018 @ 1:18 pm By Samantha Hurst  |  

Marketplace lender P2Binvestor (P2Bi) announced on Thursday it secured more than $17 million in funding from over 20 participants to expand its bank partnership program. ACcording to P2Bi, this was its fourth round of funding and, with the combination of debt and equity, brings its total equity… Read More

June 22, 2018 @ 8:02 am By JD Alois  |  

OTC Markets Group has just published a commissioned study by Oxford Metrica, a strategic advisory firm, pointing to the benefits of listing shares on the OTCQX by international firms. OTC Markets is an ATS and competes heavily with the Nasdaq, NYSE etc. So why would an… Read More

June 22, 2018 @ 2:44 am By JD Alois  |  

In a sweeping speech that was broadly positive, Bank of England Governor Mark Carney set the tone for what will be his final year leading the central bank. Carney said that an “effective financial system must be resilient, fair and dynamic” to deal with tectonic… Read More

June 21, 2018 @ 12:00 pm By Samantha Hurst  |  

Pointvoucher, a mobile gaming plug and play market platform, announced on Thursday it has formed a partnership with M&C Saatchi, a global communications company to provide mobile gaming and voucher solutions to global brands and destinations. This news comes just after the platform’s equity crowdfunding… Read More

June 21, 2018 @ 10:00 am By Erin Hobey  |  

The Swedish communications company Rebtel has secured $8 million in financing from its owner company to further expand its ecosystem of resources for “modern migrants,” adding digital banking services to its existing communication / telephony services and on-demand work offerings. Rebtel clarified via email that “the proceeds… Read More

June 21, 2018 @ 5:05 am By Erin Hobey  |  

The Crypto Valley Association (CVA), a global blockchain and cryptographic technology ecosystem, has partnered with BDO Switzerland, one of the country’s leading providers of auditing, accounting, tax and advisory services. “We are delighted to welcome BDO as a Strategic Partner. The development of blockchain technology is adding… Read More

June 21, 2018 @ 4:42 am By Erin Hobey  |  

Kenetic Capital, a blockchain investment and tech firm, and Decentraland, an Ethereum-based virtual reality platform powered by blockchain, has put NIFTY, a three-day conference and hackathon for international developers, investors, and entrepreneurs to discuss the future of non-fungible tokens (NFTs), collectibles, and blockchain gaming, on… Read More