Global

April 24, 2019 @ 9:52 am By JD Alois  |  

Bank of England Governor Mark Carney is on his way out. Originally, Carney was expected to step down in June of 2019. At the request of the Chancellor of the Exchequer, Carney was asked to extend his term as the UK attempted to manage Brexit… Read More

April 23, 2019 @ 11:00 pm By Max Lyadvinsky  |  

There’s no doubt blockchain is a revolutionary technology changing what is possible in many areas of modern life. However, there are both pleasures and pains in being early adopters and forming a company based on blockchain technology. Security and flexibility are offset by regulation and… Read More

April 23, 2019 @ 10:31 pm By JD Alois  |  

Venture capital deals in Europe during Q1 were pretty strong, according to the most recent Dow Jones Venture Capital Report. According to the publication, VC funding “surged” in Q1 22% – the second best quarter on record. In total, €6.79 billion was raised for 743… Read More

April 23, 2019 @ 9:40 pm By Cali Haan  |  

Microsoft has found that ransomware and cryptomining hackers are finding the most success in Ethiopia, Cameroon, Tanzania and Zambia, while the UAE, South Africa and Namibia have proven themselves as the most secure nations in Africa and the Middle East when it comes to repelling cryptocurrency-motivated… Read More

April 23, 2019 @ 9:17 pm By Cali Haan  |  

An Israeli named Afik Wore has been indicted for allegedly stealing 6.2 million shekels ($1.7 million USD) worth of cryptocurrency from a friend who taught him how to trade it, News 1 reports. According to the outlet, Eliat resident Alexei Yaromenko, a cryptocurrency trader since 2013,… Read More

April 23, 2019 @ 10:39 am By JD Alois  |  

UK based furniture brand Hayche has launched an equity crowdfunding campaign on Seedrs seeking a minimum raise of £125,009 on a pre-money valuation £2,001,015. Hayche is offering a 5.88% equity stake in their company and, as of today, the company has received the backing of… Read More

April 23, 2019 @ 1:00 am By JD Alois  |  

Peer-to-peer investment platform RateSetter has been recognized with a prestigious Queen’s Award for Enterprise for excellence in innovation. Established in 1965, the Queen’s Award for Enterprise is the most prestigious business award in the UK. The Award recognizes the success of innovative businesses which are… Read More

April 22, 2019 @ 10:56 pm By Therese Torris  |  

From April 13 to April 17, the organizers of the Paris Blockchain Week (PBW) lined up a series of events including meetups, hackathons, a PBW Conference hosted by the Ministry of Economy and Finance, and a two-day PBW Summit organized by Woorton, ChainAccelerator, and Datalents… Read More

April 22, 2019 @ 8:22 am By JD Alois  |  

Digital investment bank wevest has announced it has selected Stellar as its preferred iteration of blockchain for issuance of security tokens. In a blog post, the Berlin-based Fintech stated: “After extensive diligence and testing, wevest has identified Stellar as the most suitable platform for its… Read More

April 21, 2019 @ 4:24 pm By Cali Haan  |  

The Reserve Bank of India’s (RBIs) Draft Enabling Framework for its Regulatory Sandbox program shows that cryptocurrency and crypto asset startups may be excluded from participating in the program. According to the document, the RBI established an inter-regulatory Working Group (WG) in July 2016, “to… Read More

April 20, 2019 @ 3:00 pm By Xu Gao  |  

PBC to launch the second-generation credit rating system The People’s Bank of China (PBC) is going to launch the second-generation credit rating system from May 2019. PBC will start using the new system for inquiry purpose, with the two systems running concurrently. After data uploaded… Read More

April 19, 2019 @ 3:42 pm By JD Alois  |  

The Financial Services Commission of Mauritius has issued guidance on security tokens as part of their “Fintech series.” The Guidance follows the regulator’s recognition of digital assets as a unique asset class for investors. In March, the FSC issued a brief statement clarifying that a… Read More

April 19, 2019 @ 1:22 pm By JD Alois  |  

The Cambridge Centre for  Alternative Finance (CCAF), with the support of the Nomura Research Institute (NRI), has just published a new study entitled the Global Cryptoasset Regulatory Landscape Study. The report is a detailed analysis of the regulatory environment in multiple jurisdictions from around the… Read More

April 18, 2019 @ 11:40 pm By JD Alois  |  

Smart Valor, a Swiss blockchain based startup, has listed its native crypto “Valor” on South Korea based Bithumb. Earlier this week, Bithumb apparently hosted an Airdrop for Valor and distributed 1 Valor per 2,000,000 KRW to its most active traders. Smart Valor announced last fall… Read More

April 18, 2019 @ 11:33 am By Cali Haan  |  

Sirin Labs, a “blockchain smartphone” company that raised $255 million in two ICOs, has confirmed it is laying off employees, Israeli news outlet Globes reports. Contrary to media reports of larger numbers let go, Sirin Labs says it is only laying off 15 of 60… Read More

April 18, 2019 @ 10:51 am By JD Alois  |  

The government of Switzerland wants create the very best environment for Fintech, and more importantly distributed ledger technology (DLT) to thrive. The Swiss Federal Council kicked off a consultation last month on the adoption of DLT/Blockchain seeking to “increase legal certainty, remove hurdles for DLT-based… Read More

April 18, 2019 @ 8:27 am By JD Alois  |  

Alongside their 2019 Business Plan, the UK Financial Conduct Authority (FCA) published their research agenda for 2019. The FCA states that research plays a fundamental role in their mission of evidence-based policy and staying ahead of trends in financial services. The regulator says their research… Read More

April 18, 2019 @ 2:24 am By Erin Hobey  |  

When Bee Good, a British business using local honey, wax and propolis to create award-winning natural skincare, synced with Crowdcube, Co-Founder Simon Cavill set the initial goal for £100,000.  Over 465 Crowdcube investors quickly helped the skincare company pre-valuated at £1,785,348 surpass £258K for 12.69%… Read More

April 17, 2019 @ 10:49 pm By Cali Haan  |  

Daniel Daianu, a member of the Romanian National Bank (BNR)’s Administration Council, told attendees at a conference this week that cryptocurrencies are in fact, “financial assets” that cannot be used as central bank currencies, Business Review reports: “In my opinion, these are financial assets, not… Read More

April 17, 2019 @ 10:35 pm By JD Alois  |  

It is not just disruptive startups that are looking to create value in the digital asset sector. More traditional firms are taking the plunge, dedicating capital and investing in the future of finance. In the secondary market and primary issuance sector, there are numerous young… Read More