Global

August 2, 2019 @ 8:33 am By JD Alois  |  

Fintech startup Aximetria GmbH has become a member of the Swiss Financial Services Standards Association (Verein zur Qualitätssicherung von Finanzdienstleistungen or VQF) in a step towards providing financial services in Switzerland. VQF is a Self Regulatory Organization (SRO) and is officially recognized by the Swiss… Read More

August 2, 2019 @ 1:21 am By JD Alois  |  

In Canada, venture funding for early-stage firms cooled during the first six months of the year. Total amount raised by Canadian firms dipped by 13% in comparison to the same period year prior. The total number of deals declined from 280 in 2018 to 240… Read More

August 1, 2019 @ 4:44 pm By Michael Ou  |  

“Regulation” is not often a word associated with “benefits” in blockchain and cryptocurrency circles. Indeed, many governments have been sharply criticised following the roll-out of regulatory guidelines addressing the flourishing blockchain industry. Some even suggest that it is a lack of regulation which has allowed… Read More

August 1, 2019 @ 12:06 pm By JD Alois  |  

SEC Commissioner  Hester Peirce is in Singapore, a noted Asian Fintech hub, talking about digital assets. Peirce, speaking at the SUSS [Singapore University of Social Sciences] Convergence Forum, addressed the audience about innovation – something that frequently makes regulators nervous. Change is hard. Alluding to… Read More

August 1, 2019 @ 3:58 am By Cali Haan  |  

A judge in Philadelphia has ruled that a class-action suit brought against Mark Karpeles, the reviled former CEO of the Mt Gox bitcoin exchange, can proceed in Pennsylvania. Karpeles had asked for dismissal claiming Pennsylvania courts did not have jurisdiction, but the judge determined that… Read More

August 1, 2019 @ 2:52 am By Cali Haan  |  

An unnamed OTC trading desk in Moscow is selling up to $30 million USD in “tethers” per day to Chinese merchants sending proceeds home, Coindesk reports. Until 2018, the favoured currency for this type of transacting was reportedly Bitcoin, but Chinese merchants have lately started dumping… Read More

August 1, 2019 @ 1:28 am By JD Alois  |  

In 2018, investment crowdfunding rules were improved after years of debate and discussion between industry leaders and politicians. Frequently referred to as  “crowd-sourced funding” in Australia, in brief, the rules now allow for an issuer to raise up to $5 million in an online offering… Read More

July 31, 2019 @ 11:24 pm By Cali Haan  |  

Facebook has disclosed the market risks it perceives regarding Libra, the company’s attempt to create a global cryptocurrency and payment rails  for use by the network’s 2.4 billion users “and as a standalone application.” The risks are disclosed in the company’s substantial Q2 2019 quarterly… Read More

July 31, 2019 @ 2:17 pm By Samantha Hurst  |  

Bitcoin.com announced on Wednesday it has joined forces with online travel agency CheapAir.com to provider service for travelers using cryptocurrency. Bitcoin.com reported more than 4 million Bitcoin.com Wallet users will be able to access CheapAir.com’s booking engine from its mobile app. Both companies revealed that the… Read More

July 31, 2019 @ 2:07 pm By Samantha Hurst  |  

Onfido, a global identity verification provider, announced on Wednesday the launch of its new international partner program to expand the reach of its identity verification service and promote new identity verification use cases. Onfido reported partners will be provided AI-powered ID verification services as part… Read More

July 31, 2019 @ 12:27 pm By JD Alois  |  

Huobi, a crypto exchange and digital asset ecosystem, has partnered with Global Digital Finance (GDF) to help establish best practices and standards for the emerging digital asset marketplace. GDF launched in the UK in 2018 and claims a good number of digital asset focused members…. Read More

July 31, 2019 @ 10:04 am By JD Alois  |  

Expend, a Fintech in the business expense management sector, is scheduled to close its crowdfunding round on SyndicateRoom later today. Valued at £12.5 million, Expend has now raised £1.33 million topping its initial goal of £750,000. Expend is said to be processing over £1 million… Read More

July 31, 2019 @ 8:52 am By JD Alois  |  

FCA: “any token that is not a security token, or an e-money token is an unregulated token.” The UK Financial Conduct Authority (FCA) has published its much anticipated final guidance on cryptoassets following a feedback period on prior commentary. The FCA has now established which… Read More

July 30, 2019 @ 4:11 pm By Samantha Hurst  |  

ADVFN, a global stocks, shares and crypto information website, announced on Tuesday the expansion of its global cryptocurrency platform. According to ADVFN, the platform now covers more than 6000 cryptocurrencies, connects to all of the top global cryptocurrency exchanges (by volume) for trading data and has… Read More

July 30, 2019 @ 8:15 am By JD Alois  |  

Raisin has announced a new partnership with Legal & General, one of the largest asset managers in Europe. The agreement will provide Legal & General customers with access to Raisin’s UK savings marketplace. Raisin described the deal partnership as a “major deal.” Legal & General… Read More

July 30, 2019 @ 7:50 am By JD Alois  |  

Robo.cash, a peer to peer lending platform operating in Europe as well as parts of Asia, has surveyed their investors and come to the conclusion that individuals in different parts of Europe – invest differently.  According to Robo.cash, investors in Central Europe tend to make… Read More

July 30, 2019 @ 1:01 am By Cali Haan  |  

A man at the centre of an extradition tug of war between the US, France and his home country, Russia, is now being sued for $100 million USD by the California Department of Justice (DOJ). Alexander Vinnick has been imprisoned in Greece since July 2017… Read More

July 29, 2019 @ 11:43 pm By Cali Haan  |  

Tobiasza Niemira, co-owner of the recently-failed Bitmarket crypto exchange, has been found dead in a forest near his home town of Olsztyn in Poland, local media outlet Gazeta Wyborcza reports. The apparent cause of death is a gunshot wound to the head. Bitmarket went offline July… Read More

July 29, 2019 @ 1:23 pm By Samantha Hurst  |  

StashAway, a company that claims to be the first robo-adviser to receive a retail license in Singapore, announced on Monday it raised $12 million through its Series B funding round. Investors of the round include  Eight Roads and Asia Capital & Advisors! Eight Roads, the… Read More

July 29, 2019 @ 8:41 am By JD Alois  |  

“Uber for beauty” company blow LTD is returning to Seedrs to raise more capital. According to a release, blow is launching a £1.5 million funding round on Seedrs. The round is being led by blow LTDs existing investor, Unilever Ventures, which has invested £800,000. The… Read More