General News

Remember the First Allegations of Crowdfunding Fraud – Ascenergy & CEO Joey Gabaldon? He Has Resurfaced Once Again

Back in 2015 during the earliest days of securities crowdfunding in the US, the first case of alleged fraud surfaced by an issuer using Reg D 506c. Ascenergy, a purported Oil & Gas company, along with CEO Joey Gabaldon and several relief defendants were the… Read More

Report: Reg CF Tops $300 Million in Total Funding, 2000+ Campaigns Funded

Crowdfund Capital Advisors co-founder Sherwood “Woodie” Neiss is tweeting that Reg CF (Regulation Crowdfunding) has now topped $300 million in total funding, providing capital to over 2000 campaigns. Reg CF, part of the JOBS Act of 2012, is a securities crowdfunding exemption where issuers may… Read More

Smart Lenders Asset Management Celebrates 5 Years of Operation

Smart Lenders, an asset management company specialized in managing portfolios of loans issued through online lending platforms (marketplace/crowdlending), is celebrating its fifth birthday. Founded in 2014 in London by Erich Bonnet (now based in Paris), Smart Lenders is now providing some data points regarding its… Read More

Israeli High Tech Firms Raise Record $2.24 Billion During Q3, VC Poised for Record Year

Israeli high tech firms are having a gangbuster year when it comes to raising capital. According to a report published by IVC Research Center and ZAG S&W Zysman, Aharoni, Gayer & Co, during Q3 these firms raised a record $2.24 billion for 142 different deals…. Read More

World Economic Forum to Help Seven Metal and Mining Companies Use Blockchain Tech to Reliably Source Materials

The World Economic Forum (WEF), a Cologny-Geneva, Switzerland-based NGO that’s committed to improving the state of the world by engaging world leaders to shape global agendas, is working with seven major mining and metal companies on a project that uses blockchain tech to source materials… Read More

Largest US-based Retail Food Group Purchasing Organization to Test Mastercard’s Blockchain Tech to Streamline Operations

Topco Associates, the largest US-based retail food GPO (Group Purchasing Organization) and the third largest private firm in Illinois, is preparing to test Mastercard’s blockchain-based technology to streamline its operations. Topco is planning to pilot a traceability platform created by Envisible, a logistics company. According… Read More

Securities Commission Malaysia Hosted the Sixth Edition of the SCxSC Fintech Conference on Oct 22

The Securities Commission Malaysia (SC)  hosted the sixth edition of the SCxSC Fintech Conference on October 22, an event aimed at helping to scale up the nation’s Fintech industry.  Notably, Malaysia’s Fintech sector has seen several new players enter its ecosystem, following the regulatory agency’s… Read More

Human AI Virtual Agents Firm Voca.ia Receives Funding from American Express Ventures

Voca.ai, a company that provides human artificial intelligence (AI) virtual agents, announced on October 23 that it has received funding from American Express Ventures, the strategic investment division of American Express (Amex), a New York-based multinational financial services corporation.  Existing investors lool ventures and Flint… Read More

Reg A+ Issuer Blockstack Has STX Token Listed on Binance and HashKey Pro

New York-based Blockstack, a decentralized computing network where users control their data and login information, announced that its Stacks (STX) token has been listed on digital asset exchanges Binance and HashKey Pro. Hashkey Pro is a Hong Kong based digital asset exchange for institutional investors…. Read More

SME Finance Charter: 17 Banks & Alternative Lenders Commit to Support SMEs Through Brexit

According to HM Treasury, banks and alternative lenders have “reaffirmed their pledge to support British SMEs ahead of Brexit.” The commitments have been outlined in the SME Finance Charter. The Charter, which is a voluntary agreement, covers; loans and overdrafts, asset financing, stock lending and… Read More

Bahrain’s Shariah Review Bureau Certifies Blockchain Firm Algorand As Shariah Compliant

Boston, Massachusetts-based Algorand, a firm developing a scalable, secure, and decentralized crypto platform, has reportedly been certified as sharia-compliant. Bahrain’s Shariya Review Bureau (SRB) provided the certification, which indicates that the Algorand platform abides by the teachings and requirements of Islamic law. The certification could… Read More

Santander InnoVentures Leads Expansion Investment Round in Digital Mortgage Lending Platform Roostify

London-based Santander InnoVentures recently led an expansion investment round for San Francisco-headquartered Roostify, an online mortgage lending platform. The size of the investment made has not been shared publicly. Established in 2012, Roostify provides an integrated platform that connects customers and lenders in order to… Read More

Business Automation Firm Instabase Now Valued at Over $1 Billion Following $105 Million Series B Round

San Francisco-based Instabase, a platform enabling companies to develop customizable applications for automating various parts of their business, announced on October 21 that it raised $105 million through a Series B investment round led by Index Ventures. Other companies taking part in Instabase’s latest funding… Read More

Report: Singapore Is the Most Prepared City for Adopting Artificial Intelligence and Smart City Technologies

Singapore is the world’s most prepared city for adopting innovative technologies such as artificial intelligence (AI) and it’s also considered a world leader in terms of smart city development, according to recent studies. Research performed by Oliver Wyman Forum ranked 105 cities throughout the world… Read More

Russian Ruble Will Reportedly Be First Fiat-Crypto Trading Option on Binance, New Bitcoin Cash Pegged Token Listed

Malta-based digital asset exchange Binance is planning to launch its first fiat-to-cryptocurrency trading pairs. While attending the Open Innovations 2019 conference in Moscow this week, Binance CEO Changpeng “CZ” Zhao said that fiat-to-crypto options would be introduced soon, starting with the Russian ruble. Zhao stated:… Read More

Crypto Investor & Sim Swap Hack Victim Michael Terpin Publishes Open Letter to Ajit Pai, Chairman of the FCC

Michael Terpin, well known within the cryptocurrency industry, was a victim of a serious theft of crypto several years ago as approximately $24 million in crypto was stolen from his accounts via a Sim Swap hack. Terpin went on to file a lawsuit against AT&T… Read More

CCAF: Regulation of Alternative Finance is Key to Make Sector Safe to Scale for the Masses

The Cambridge Centre for Alternative Finance (CCAF), part of the Judge School of Business at Cambridge University, has partnered with the World Bank to publish a report on the global regulation of alternative finance and innovative Fintech firms. According to the new report, the regulation… Read More

Malta Introduces Masters in Blockchain and Distributed Ledger Technology Program

Malta, a crypto-friendly island in the Mediterranean, has established a government authority to assess and certify distributed ledger technology (DLT) platforms. The nation has also developed regulations for smart contracts and introduced a framework for conducting initial coin offerings (ICOs). Recently, the island country launched… Read More

Russia’s Largest Bank Sberbank and Microsoft to Use Artificial Intelligence for Robotic Cash Handling

Sberbank Rossii PAO (MCX:SBER) and Microsoft Research (MSR) announced a joint initiative to explore the use of Microsoft’s artificial intelligence (AI) solutions in robotics. The project involves training robots to interact with real-world objects in the same way that humans do. Researchers at Sberbank will… Read More

London-based Santander InnoVentures Leads €35 Million Round in Cross-Border Lending Marketplace CrossLend

London-based Santander InnoVentures, Santander Group’s venture capital fund focused on financial technology investments, is leading a €35 million (appr. $38.7 million) investment round in Berlin-based CrossLend, a cross-border marketplace lending platform for making pan-European investments. The Series B funding round in CrossLend includes investments from… Read More

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