General News

May 2, 2018 @ 10:12 am By Samantha Hurst  |  

Blockchain-backed data platform Streamr announced on Tuesday it has formed a partnership with Singapore-based Fysical to “reshape” human location data market. According to the duo, Fysical has sold more than fifteen billion location data points from mobile and IoT devices to chart how many people move through cities… Read More

May 1, 2018 @ 1:04 pm By Erin Hobey  |  

Chinese search behemoth Baidu Inc, (NASDAQ:BIDU) has nabbed a $1.9 billion investment from firms including TPG, the Carlyle Group, Agricultural Bank of China Ltd. and Taikang Group, to ready itself to compete in the financial-services space, according to the WSJ. The transaction will reportedly value the unit at $4B,… Read More

May 1, 2018 @ 12:15 pm By Erin Hobey  |  

Securitize, a platform that enables security-token offerings (STOs), has entered into an agreement to streamline the listing of issuer tokens on the OpenFinance Network (OFN), a venture-backed platform for trading security tokens on the blockchain. “The OpenFinance Network is bringing to market something that all of… Read More

May 1, 2018 @ 11:57 am By Erin Hobey  |  

Mike Cagney, the former SoFi CEO, raises $50M for Figure, his new fintech venture focused on home equity lending, reported Bloomberg. Cagney left Sofi late last year as the platform was upended with legal challenges regarding accusations of allowing a “sexually charged corporate culture that condones… Read More

May 1, 2018 @ 10:03 am By Samantha Hurst  |  

Specialist property peer-to-peer lender, CrowdProperty announced on Tuesday it has appointed Mike Bristow as its new CEO. Bristow is the co-founder of the lending platform and has been on the Board as a Non-Executive Director since it was established in 2013. He is now taking on… Read More

April 30, 2018 @ 2:57 pm By Samantha Hurst  |  

  On Monday, Virgin Media announced the judges who will be joining Sir Richard Branson for Voom 2018. The judges will decide which entrepreneurs win a share of £1million in prizes after pitching their big ideas live. Virgin reported that Founder of Innocent drinks Richard Reed, serial… Read More

April 30, 2018 @ 11:07 am By Samantha Hurst  |  

Hyperledger Project, a collaborative cross-industry effort created to advance blockchain technology, announced last week it welcomed thirteen new members from healthcare to finance. The newest members are Beijing Proinsight Technology, CAREiQ, Distributed Ledger Technologies (DLT) Pte Ltd., Eden Partners, Ehave, Inc. (OTCQB: EHVVF), Equidato Technologies… Read More

April 29, 2018 @ 4:00 pm By Cali Haan  |  

Morgan Rockcoons, a once active LocalBitcoins seller and committed Bitcoin lifestyler, has tweeted that he is in crisis after being offered a deal from prosecutors to plead guilty to money laundering and unlicensed money transmission in exchange for a lighter sentence. Rockcoons perceives the charges… Read More

April 29, 2018 @ 10:22 am By JD Alois  |  

This crypto spoofing scam has become almost predictable as it happens all of the time. Crooks attempting to steal cryptocurrency will try and spoof Twitter accounts to make it look like a trusted, known individual or business is giving away ETH or BTC only to… Read More

April 28, 2018 @ 2:14 pm By Samantha Hurst  |  

Bermuda’s premier and minister of finance David Burt announced on Friday he has signed a Memorandum of Understanding with Binance, one of the largest cryptocurrency exchanges in the world. Burt revealed in the announcement:  “The Binance Group is the world’s largest cryptocurrency exchange and an international… Read More

April 27, 2018 @ 10:19 am By Samantha Hurst  |  

Morgan Stanley (NYSE: MS) announced on Thursday it is set to host its inaugural Canada Technology Start-up Day at its Montreal Technology Centre today. The financial giant reported that the invitation-only event is providing some of Canada’s most promising emerging technology companies with the opportunity for… Read More

April 27, 2018 @ 7:32 am By JD Alois  |  

The Securities Industry and Financial Markets Association (SIFMA), along with a host of other public market advocates, published a paper yesterday urging policy makers to take action and address the decline of public companies. SIFMA stated the obvious that the decline in public companies creates… Read More

April 26, 2018 @ 12:24 pm By Erin Hobey  |  

Augmate expanded its initial coin offering onto Crowdfunder, reportedly the first ICO on the crowdfunding site, and a milestone for both companies. The offering, structured as a security token in a nod to recent Securities and Exchange Commission guidance on ICOs, gives investors a chance… Read More

April 26, 2018 @ 11:54 am By Erin Hobey  |  

Kabbage, Inc., a global financial services, technology and data platform serving small businesses, has entered into a definitive agreement to acquire substantially all of the assets of Orchard, a pioneer in developing technology and analytics for online lending and financial services. The acquisition will allow… Read More

April 26, 2018 @ 8:42 am By Erin Hobey  |  

ThinCats has reportedly delivered a £1M ‘agile finance facility’ to fund MBO and contract win for Firtitudo Ltd. The transaction enabled the managing director of Firtitudo Ltd and database for business limited (dbfb) to acquire the remaining 45 per cent of secure communications specialist dbfb and… Read More

April 25, 2018 @ 8:12 am By JD Alois  |  

Beauhurst is out with their quarterly deal report for UK equity investment activity and according to their data deal numbers fell to their lowest level since Q3 of 2014. Additionally, Q1 delivered the lowest ever percentage of deals under the half a million pound hurdle…. Read More

April 24, 2018 @ 11:43 am By Erin Hobey  |  

Abu Dhabi Global Market, the international financial centre of Abu Dhabi, UAE (ADGM) and Shanghai Stock Exchange (SSE), China’s largest securities exchange, have today entered into a Memorandum of Understanding (MOU) to co-operate on the establishment of a “Belt and Road” Exchange in ADGM.  This… Read More

April 24, 2018 @ 11:03 am By Erin Hobey  |  

UK alternative finance firm Growth Street has been granted full FCA authorization,  a significant milestone for Growth Street, which had been operating as an Appointed Representative of Resolution Compliance Limited since 2016. “We’re delighted to be fully authorized and regulated by the FCA. It’s a… Read More

April 24, 2018 @ 10:16 am By Samantha Hurst  |  

Dutch megabank ABN AMRO announced on Monday it will be hosting a Hackathon during the second Beyond Banking Days to help build the bank of the future. According to the bank, the upcoming Hackathon will offer participants the opportunity to present their ideas for banking in… Read More

April 24, 2018 @ 9:22 am By JD Alois  |  

Dr. Liam Fox, the UK Secretary of State for International Trade, delivered a speech today outlining how the UK government will support the future of financial and professional services. Fox noted that finance is a very important sector of trade as the UK has a… Read More