May 23, 2018 @ 7:05 am By JD Alois  |  

Seedcamp, the leading European seed investor, has announced the close of a £60 million fund that has the backing of over 100 Seedcamp founders, angels and mentors. The fund also includes contributions of £2 million via a collaboration with crowdfunding platform Seedrs. The Seedrs partnership… Read More

May 22, 2018 @ 11:53 pm By JD Alois  |  

SingularityNET and AI Decentralized have announced a new group: DAIA or the Decentralized AI Alliance. DAIA is said to be an open industry alliance aimed at fostering the development of decentralized AI technologies. SingularityNET is a decentralized platform and marketplace for AIs, lead by AGI… Read More

May 22, 2018 @ 4:30 pm By Erin Hobey  |  

During May 29 and 29 June, decentralized gaming platform Playkey plans to buy back the PKT token on the HitBTC exchange. Although the buyback price will be determined by the exchange rate, the platform believes that the rate shouldn’t exceed $1.24 per PKT. During the… Read More

May 22, 2018 @ 3:47 pm By Erin Hobey  |  

Capital Cell recently launched a new self-funding fundraising round to create the first ICO marketplace for health via Blockchain. Seeking to raise €700,000, the Barcelona-based platform has already secured over €882,400 from more than 178 investors. The platform was pre-valued at €5,550,000. “We launched the funding round… Read More

May 22, 2018 @ 11:53 am By Erin Hobey  |  

P2P lender Faircent.com has received NBFC-P2P certification from the Reserve Bank of India (RBI), reportedly the first P2P lending platform in the country to receive the certificate of registration as an NBFC-P2P by the national regulator. Faircent.com anticipates that the RBI certification will help Faircent.com gain… Read More

May 22, 2018 @ 10:50 am By JD Alois  |  

Lending Express, an AI-powered platform for business loans, is reporting it has received a $2.7 million seed round led by Entrée Capital, iAngels, and existing investors. The new money will be used to scale operations in both the US and Australia. “We are proud to… Read More

May 22, 2018 @ 9:13 am By Samantha Hurst  |  

On Tuesday, UK-based equity crowdfunding platform Crowdcube announced it was introducing the feature “Flags” to help investors identify global investments opportunities that are live on its portal. Crowdcube reported that it wants investors to be able to diversify their portfolio geographically and the feature will… Read More

May 22, 2018 @ 9:04 am By JD Alois  |  

Downing LLP has announced a funding partnership with Pivot Power to help financing a network of rapid EV charing stations and grid-connected batteries. Described as a “world first,” Downing will provide a key investment in the initial stage of 2GW network charging stations across the UK…. Read More

May 21, 2018 @ 2:50 pm By Samantha Hurst  |  

FinTech Hive at DIFC, a fintech accelerator that was established by the Dubai International Financial Centre (DIFC), announced over the weekend that it is now accepting applications for its 2018 program, kicking off a competitive search for the top fintech and insurtech innovators in the region…. Read More

May 21, 2018 @ 2:45 pm By JD Alois  |  

Today was the first meeting of the UK Cryptoassets Taskforce. The previously announced group involves the participation of the Financial Conduct Authority (FCA), Bank of England (BoE), HM Treasury and other Senior government officials. Some of the named participants include, Katharine Braddick, Director General of… Read More

May 21, 2018 @ 2:24 pm By Cali Haan  |  

University College London, the third largest university in England, has ended its association with the IOTA Foundation after IOTA co-founder Sergey Ivancheglo threatened legal action against a researcher at Boston University. “UCL Centre for Blockchain Technologies is no longer associated with the IOTA Foundation. In… Read More

May 21, 2018 @ 9:39 am By JD Alois  |  

The Australian Competition & Consumer Commission (ACCC) has published their 9th annual report on scam activity in Australia.  As one may expect, investment scams posted the highest amount of loss in 2017 with reports to “Scamwatch” and ACORN exceeding $64.6 million (Dating and romance scams’ were… Read More

May 21, 2018 @ 1:00 am By Therese Torris  |  

  A consumer survey reveals that the penetration of crowdfunding in France is still quite low. However, consumers have a very positive image of crowdfunding, one that remains close to its historical root values of innovation, democratization of access to financing, transparency, and economic /… Read More

May 20, 2018 @ 8:09 pm By Cali Haan  |  

The Reserve Bank of Zimbabwe has ordered all financial institutions in the country to cease trading, holding and transacting cryptocurrencies and to, “exit any existing relationships with virtual currency exchanges within sixty days.” According to Quartz Africa, Zimbabweans have been using Bitcoin and other cryptocurrencies… Read More

May 20, 2018 @ 2:52 pm By Cali Haan  |  

Russian Prime Minister Dmitry Medvedev has spoken publicly about how draft laws winding their way now through the Russian parliament will define cryptocurrencies and tokens. Bitcoin.com reports that Medvedev recently told an audience at a plenary session of the St. Petersburg International Legal Forum: “We need… Read More

May 19, 2018 @ 6:46 pm By Xu Gao  |  

Multinational Retail Giant Auchan Establishes a Joint Venture of Consumer Finance with China’s Bright Food Group On April 28th, France’s Oney Bank and Bright Food Group from Shanghai, signed an investment agreement to establish Shanghai Bright-Oney Consumer Finance Co., Ltd., and submitted the materials to… Read More

May 19, 2018 @ 1:01 pm By JD Alois  |  

Sugru, a high profile consumer product company that crowdfunded on Crowdcube, has been sold at a significant loss to early investors. Sugru raised over £4 million in several crowdfunding campaigns on the platform. The most recent being in 2017 when a 4.62% equity stake was… Read More

May 19, 2018 @ 12:05 pm By JD Alois  |  

Republic, a mission driven investment crowdfunding platform that enables companies to raise money by selling securities including initial coin offerings, has provided an update on their progress. Shared on the 2 year anniversary of when Reg CF became actionable, Republic shares the following stats: To… Read More

May 18, 2018 @ 4:32 pm By JD Alois  |  

The Autorité des Marchés Financiers (AMF) released its annual report this past week. As part of the release, Chairman of the AMF Robert Ophèle delivered a speech highlighting important issues and challenges within the financial markets. During his speech, Ophèle commented on “toxic investments.” While first addressing binary… Read More

May 17, 2018 @ 6:37 pm By Cali Haan  |  

    In a morning talk Monday at the massive cryptocurrency conference Consensus, economist James Bullard, President and CEO of the Federal Reserve Bank of St. Louis, challenged the vision of a muliti-coin paradise espoused by ICO (Initial Coin Offering) marketers. His thesis in a… Read More