Global

December 22, 2019 @ 12:56 pm By Cali Haan  |  

For many reasons, China is regarded as one of the world’s make-or-break regions when it comes to the fate of “blockchain” technology and cryptocurrencies. Before Bitcoin trading was officially banned in China in late 2016, yuan-to-Bitcoin conversions (and vice versa) seemed to account for more… Read More

December 22, 2019 @ 12:49 pm By Cali Haan  |  

Australia’s anti-money laundering agency has revoked the licences of four cryptocurrency exchanges linked to crime in the country, IT News reports. AUSTRAC revoked licenses at AUSCOIN ATM and MK Buy & Sell in September. Both projects were run by “Lamborghini-driving Bitcoin trader Sam Karagiozis” and associates…. Read More

December 22, 2019 @ 11:59 am By Omar Faridi  |  

Peer-to-peer lenders reportedly raised over £7 million (appr. $9.1 million) to fund the ongoing development of their platforms via crowdfunding in 2018. Overall, Fintech has been a hot sector of crowdfunding with many big names in the emerging financial services sector recognizing the benefits of… Read More

December 21, 2019 @ 11:03 pm By Omar Faridi  |  

Volvo Financial Services (VFS), the global finance division of automobile manufacturing giant Volvo, has made an investment in REIN, an insurance technology (Insurtech) firm. REIN has created a configurable platform that lets insurance carriers build and deploy their own programs and solutions. This allows them… Read More

December 21, 2019 @ 10:38 am By Omar Faridi  |  

UK based digital bank Revolut has introduced a new debit multi-currency card that comes with “compelling travel benefits and cashback” for millennials who might be traveling, Kunal Chatterjee, Visa country manager for Singapore and Brunei confirmed. Revolut recently expanded into Asia with its sights set… Read More

December 21, 2019 @ 10:29 am By Omar Faridi  |  

UK-based Curve, a Fintech startup that consolidates multiple cards and accounts into a single smart card and app, has introduced “Curve Send.” The new service allows users to send and receive funds from any supported account to any other account at no cost, so people… Read More

December 20, 2019 @ 12:21 pm By JD Alois  |  

Yesterday the European Commission announced the launch of two consultations. The first is on digital or crypto-assets including stablecoins. The second is on cybersecurity. The consultation on digital assets is due to President Ursula von der Leyen determination to keep abreast of innovation in the… Read More

December 20, 2019 @ 11:59 am By JD Alois  |  

Digital asset platform Smartlands and UK Sotheby’s International Realty have agreed to experiment on the tokenization of luxury properties, according to a note from Smartlands. The tokenization platform said that blockchain technology can facilitate access to exclusive opportunities for a new generation of investors worldwide…. Read More

December 20, 2019 @ 11:22 am By Omar Faridi  |  

Wamda, an established startup ecosystem supporter in the Middle East, recently co-led a $3 million Series A investment round with Global Ventures in Floranow, a business-to-business (B2B) online floral marketplace. Existing investors including Dash Ventures, Jabbar Internet Group, and new investors Sirocco Holdings, Adamtech Ventures,… Read More

December 20, 2019 @ 10:59 am By JD Alois  |  

Earlier today, the UK government announced its selection Andrew Bailey to replace Mark Carney as Governor of the Bank of England. Carney’s departure has long been anticipated and, in fact, he extended his tenure at the Bank to help provide an element of stability in… Read More

December 20, 2019 @ 9:29 am By JD Alois  |  

Yesterday, Crowdfund Insider reported on the agreed-upon legislation for harmonized pan-European crowdfunding rules. Having a single market for online capital formation has been a goal of crowdfunding industry leaders and industry participants for years. Industry advocates have worked diligently behind the scenes to push forward… Read More

December 20, 2019 @ 8:26 am By Omar Faridi  |  

Quinte Financial Technologies Inc. (previously known as Quatrro Processing Services), a leading provider of several financial crime management solutions, revealed on December 18 that it has rebranded under the “Quinte” name. Company chairman Venu Gopal noted that the firm’s name change to Quinte from QPS… Read More

December 20, 2019 @ 7:51 am By Omar Faridi  |  

ComplySci, a provider of regulatory technology (Regtech) for financial and professional services firms, revealed on December 17 that it’s moving to a new business office located in London’s Tech City. The company’s new office will be home to ComplySci’s growing London-based team, which is currently… Read More

December 20, 2019 @ 7:42 am By Omar Faridi  |  

Bamboo Capital Partners, an investment platform that aims to bridge the gap between seed and startup stage funding by providing a suite of finance options, has reportedly acquired additional investment after completing a funding round, as it continues to scale its business operations. Bamboo provides… Read More

December 19, 2019 @ 6:42 pm By Cali Haan  |  

“The Muslim world should be designing measures to save themselves from the domination of the United States dollar and the American financial regime,” Iranian president Hassan Rouhani told leaders from the Muslim world gathered at the Kuala Lumpur Summit in Kuala Lumpur, Malaysia, Thursday, Dec. 19…. Read More

December 19, 2019 @ 3:34 pm By Samantha Hurst  |  

Cryptocurrency exchange platform Coinbase announced earlier this week it has partnered with DustAid to enable customers to donate crypto to three charities this Christmas. According to Coinbase, DustAid is an organization that facilitates crypto donations to projects across the globe. This partnership will allow Coinbase… Read More

December 19, 2019 @ 12:26 pm By JD Alois  |  

Günther Lindenlaub, COO of the Invesdor Group – a combination of Invesdor (Finland) and Finnest (Austria), has distributed a positive note about the forthcoming year. Lindenlaub states: “alternative financing in the area of ​​equity could also be a possible trend for 2020 for German companies… Read More

December 19, 2019 @ 11:06 am By JD Alois  |  

According to a notice published by the Europea Parliament, final European Union-wide rules have been agreed upon thus forwarding the goal of a true monetary union while promoting online capital formation. The European Parliament negotiating team has reached a deal with the European Council which… Read More

December 19, 2019 @ 10:34 am By Omar Faridi  |  

The “operating system (OS) of finance,” OpenFin revealed on December 18 that HSBC took part in its Series C investment round, which now brings the total capital raised in the latest round to $22 million and total funding to date stands at $45 million. OpenFin… Read More

December 19, 2019 @ 8:43 am By JD Alois  |  

The French Autorité des Marché Financiers (AMF) has qualified its first “Visa” for an issuer seeking to promote and pursue and an initial coin offering (ICO). Updated rules regarding utility type tokens were recently approved under the Loi Pacte (Pacte Law) – an act of… Read More