Global

April 3, 2019 @ 9:50 am By Samantha Hurst  |  

Onfido, a global identity verification provider, announced on Wednesday it has secured $50 million through its latest investment round, bringing the total investment in the company to over $100 million. According to Onfido, the round was led by SBI Investment and Salesforce Ventures, with support… Read More

April 3, 2019 @ 8:36 am By Cali Haan  |  

Cryptomining company Bitfarms (formerly Blockchain Mining) lost $18.2 million during the 2018 crypto bear market and will shortly be delisted from the Tel Aviv Stock Exchange (TASE), Isreali news outlet Globes reports. Meanwhile, the company has reportedly sought to establish a foothold in Ontario, where… Read More

April 2, 2019 @ 9:18 pm By Cali Haan  |  

Despite raising only a few thousand dollars in bitcoins thus far, Hamas, a militant organization that has fought for years to restore Palestine, is continuing to encourage supporters to make donations using cryptocurrencies, Forbes reports. Israeli press outlets initially sounded the alarm about Hamas crypto… Read More

April 2, 2019 @ 3:08 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged the founder and former chief executive mobile payment Fintech Jumio with defrauding investors. The former CEO of Jumio, Daniel Mattes, has agreed to pay more than $17 million to settle the charges. Mattes is also a “business… Read More

April 2, 2019 @ 12:00 pm By JD Alois  |  

TrustToken has launched its next stablecoin: TrueGBP. The crypto is backed 1-for-1 with the British Pound Sterling. TrustToken’s first stablecoin was the US dollar backed TrueUSD. TrueUSD is listed on exchanges including Binance, OKEx, DigiFinex, Bittrex, and Huobi TrueGBP, just like TrueUSD, will provide monthly… Read More

April 2, 2019 @ 11:43 am By Erin Hobey  |  

€1 million….now in sight!  JIVR, the UK-based foldable, electric and chainless bike brand, has exceeded €944,670 during its Seedrs campaign with the confidence of more than 252 investors. To recap, funding from Seedrs will be used to establish a comprehensive sales channel mix of B2C, B2B and… Read More

April 2, 2019 @ 11:12 am By JD Alois  |  

Charles Randell, Chair of the Financial Conduct Authority, has forwarded a letter to Rt Hon. Nicky Morgan MP, Chair of the Treasury Select Committee on London Capital & Finance. The document addressed concerns regarding the issuance of mini-bonds and investor protection concerns – more specifically… Read More

April 2, 2019 @ 11:12 am By Erin Hobey  |  

Tokeny, the Luxembourg-based fintech compliant tokenization platform delivering institutional grade solutions in the issuance, lifecycle management and secondary trading of security tokens, has partnered with global law firm DLA Piper. Hedera Hashgraph recently cited DLA Piper as first members of the Hedera Hashgraph Governing Council,… Read More

April 2, 2019 @ 8:46 am By JD Alois  |  

Revolut, one of the most promising digital challenger banks in the world, was whacked once again by a report by the BBC which largely rehashed prior claims associated with compliance and anti-money laundering control. According to the report, the BBC communicated with a former Revolut… Read More

April 2, 2019 @ 5:34 am By Erin Hobey  |  

Fintech startup GeoDB aims to provide a big data marketplace that includes an encrypted, safe, transparent, verified, accurate and decentralized datapool and also to solve the existing problems of the growing big data industry. The platform has recently begun £750,000 crowdfunding campaign on Crowdcube for… Read More

April 1, 2019 @ 6:00 pm By JD Alois  |  

SyndicateRoom is a top investment crowdfunding platform in the UK – one of the “big three”. The platform was co-founded by former schoolmates Gonçalo de Vasconcelos and Tom Britton who met while completing their  MBA at Cambridge Judge Business School. The idea was simple enough:… Read More

April 1, 2019 @ 9:09 am By JD Alois  |  

Chilango, a popular burrito chain operating in the United Kingdom, is reporting over £3.3 million has been invested in its “Burrito Bond 2” offering. Chilango launched its mini-bond security offering on Crowdcube in 2014. It was the first mini-bond to list on Crowdcube. The security… Read More

April 1, 2019 @ 8:02 am By JD Alois  |  

Invest Hong Kong (InvestHK) has announced a “significant expansion” of its annual Hong Kong Fintech Week. Hong Kong has emerged as a leading center for financial innovation. Supported by government officials, Fintech disruption has gained velocity.  Just recently, Hong Kong announced the approval of the… Read More

March 31, 2019 @ 8:54 pm By JD Alois  |  

Shebah, a ridesharing service only for women, has raised $3 million on Birchal. The Australian company has claimed the most money raised for the young investment crowdfunding sector. Shebah sought a minimum target of $1 million at a pre-money valuation of $19.4 million. The fully… Read More

March 30, 2019 @ 5:34 pm By Cali Haan  |  

Global insurance firm Hiscox is the now second insurance firm known to have refused to pay out a company damaged in a NotPetya cyberattack, Verdict reports. It is believed that Hiscox has made the refusal because the Russian government was accused by the UK of… Read More

March 30, 2019 @ 7:10 am By Cali Haan  |  

“(Cryptomining) Attackers are following the money to the UAE,” says Hussam Sedani, Middle East manager for the cybersecurity firm Symantec. And according to UAE media outlet The National, instances of malware-based cryptojacking, in which personal devices are “zombified” and forced to mine cryptocurrencies, are twice… Read More

March 30, 2019 @ 6:08 am By Cali Haan  |  

Prosecutors in Japan have decided not to appeal a Tokyo court’s decision to acquit disgraced former Mt Gox Bitcoin exchange CEO Mark Karpeles on charges of embezzlement, Mainichi reports. Carpeles was, however, found guilty of manipulating Mt. Gox bitcoin trade data between February and September… Read More

March 30, 2019 @ 4:01 am By Xu Gao  |  

Parent Company of Shuidi Crowdfunding Receives nearly ¥500 million B-round Funding led by Tencent Shuidi, the parent company of Shuidi Crowdfunding and Shuidi Mutual Insurance, announced this week that it had received a nearly ¥500 million B-round financing. This investment was led by Tencent, and… Read More

March 29, 2019 @ 5:30 am By Cali Haan  |  

Cyberpolice in Ukraine say they have arrested a 32-year-old Bukovina resident accused of using “cryptojacking” software against a million individuals without their consent. Police allege the man deployed the software surreptitiously to the computers of individuals visiting websites run by the man. The sites reportedly… Read More

March 29, 2019 @ 4:44 am By Cali Haan  |  

61 people have been arrested and 50 Darknet accounts shut down following a joint operation against Dark Net opioid markets executed by J-CODE, the Joint Criminal Opioid and Darknet Enforcement team. According to an FBI press release, the arrests were made as part of Operation… Read More