Global

February 9, 2019 @ 12:11 pm By Cali Haan  |  

Five men and one woman have been arrested in Klingenthal, Germany and are charged with stealing 220 000 Euros ($249 843 USD) worth of electricity to run a cryptocurrency mine consisting of 49 computers housed in an industrial facility, Freie Presse reports. Officials reportedly detected… Read More

February 8, 2019 @ 8:50 am By JD Alois  |  

Andrew Holgate, a co-founder of peer to peer lender Assetz Capital, has launched a Fintech consulting firm. Equitivo is said to be “Europe’s first full-service Fintech consultancy.” In a release, the firm said the consulting firm launches with “a strong UK and European client base.” Equitivo’s services… Read More

February 8, 2019 @ 7:40 am By JD Alois  |  

The British Embassy Rome and Freshfields Bruckhaus Deringer in collaboration with Borsa Italiana are calling for nominations for the “Women in Finance – 2019 Italy Awards.” The Awards strive to celebrate female talent and the value of diversity in the financial sector. The Awards are… Read More

February 8, 2019 @ 3:10 am By Cali Haan  |  

“Decentralized apps” (dApps) built to run on newer cryptocurrency blockchains Tron and EOS have steadily taken over from Ethereum as gamblers’ financial media of choice, DIAR reports. Ethereum still processed $7.6 billion in dApp transactions in 2018, but this was mainly business coming from trades… Read More

February 8, 2019 @ 2:19 am By JD Alois  |  

In an open letter to Canadian securities regulators, leading investment crowdfunding platform FrontFundr pointed a finger at provincial regulators and their inability to foster a robust ecosystem for online capital formation for early-stage Canadian firms. Signed by Peter-Paul Van Hoeken, who is CEO of FrontFundr… Read More

February 7, 2019 @ 8:44 pm By Samantha Hurst  |  

Tim Draper backed and attention monetization company Bitbounce announced on Thursday it has processed more than one billion emails through its free cryptocurrency spam solution that enables its members to earn compensation for receiving paid email messages from senders they do not know.  BitBounce reported that its global footprint… Read More

February 7, 2019 @ 10:42 am By JD Alois  |  

It was recently reported that Facebook has acquired Chainspace, a London-based blockchain startup described as a scalable distributed ledger and smart contract platform. The Chainspace website claims to deliver on “modern expectations of processing power, making it the platform of choice for complex real-world applications.”… Read More

February 7, 2019 @ 6:57 am By JD Alois  |  

Peer to peer lending platform Kuflink has launched a secondary market to provide liquidity for investors in their property backed loans. Kuflink said this was the first of several new enhancements planned for 2019. The platform said that lenders can list most loan parts on… Read More

February 7, 2019 @ 4:39 am By Cali Haan  |  

The head of Russia’s VTB bank, Andrei Kostin, has reportedly compared cryptocurrency mining with counterfeiting and believes crypto markets cannot currently be regulated, Russian national news agency TASS reports. Kostin made the comments while speaking at an educational event called “The I Am Professional” Olympiad…. Read More

February 7, 2019 @ 2:17 am By Max Lyadvinsky  |  

A successful startup needs successful venture capital (VC) backing, right? Well, not always. The status quo of startup funding is beginning to shift as smaller, more nimble outfits backed by crowdfunding campaigns have proven that they, too, can reach stratospheric heights. Moreover, the founders of… Read More

February 7, 2019 @ 1:00 am By JD Alois  |  

OurCrowd, the world’s largest investment crowdfunding platform and Israel’s most active venture investor, has posted the agenda for the OurCrowd Global Investor Summit scheduled for this coming March in Jerusalem, Israel.  The Summit theme is “Startups: Making a Global Impact.” The OurCrowd investment community currently consists… Read More

February 6, 2019 @ 8:36 pm By JD Alois  |  

Is QuadrigaCX Safe? “QuadrigaCX has been developed by some of the foremost leaders in the crypto currency community, and employs some of the most stringent security protocols that currently exist. Furthermore, Bitcoins that are funded in QuadrigaCX are stored in cold storage, using some of… Read More

February 6, 2019 @ 10:02 am By JD Alois  |  

Yesterday, Crowdfund Insider covered the annual Deal report from Beauhurst. The research targeting equity investment in the UK provides a fascinating snapshot of the progress of capital formation for promising young firms in Great Britain. The authors note that while overall investment declined during 2018,… Read More

February 6, 2019 @ 8:38 am By JD Alois  |  

Just about every financial regulator has had their say about cryptocurrency and a recommended regulatory approach. While some have drawn a line in the sand, others continue to evaluate before crafting bright-line rules. Understandably, it has taken some time for policymakers to get up to… Read More

February 6, 2019 @ 8:01 am By JD Alois  |  

Raisin, an online marketplace for savings and investment products, has closed a Series D funding round raising $114 million. This brings total funding for the Fintech to $200 million. Raisin said that existing investors Index Ventures, PayPal, Ribbit Capital and Thrive Capital all participated in… Read More

February 5, 2019 @ 8:00 pm By JD Alois  |  

Revolut has announced an agreement with WeWork to provide Revolut for Business customers with 3 months free “hot desk space.” WeWork is one of the leading shared office space providers that has a reputation for hosting legions of early-stage companies around the world. The privately… Read More

February 5, 2019 @ 3:53 pm By Samantha Hurst  |  

Finland based peer to peer lender Fellow Finance announced on Tuesday its platform hit a record-breaking milestone by facilitating €18.5 million of loans in January 2019. The online lender reported that the total number of investors also grew to 11,205. As previously reported, Fellow Finance was founded in… Read More

February 5, 2019 @ 10:26 am By Cali Haan  |  

A young “crypto anarchist” going by the name of “John Galton” who claimed to be fleeing marijauna-related charges in the US has been shot dead in his home in Acapulco, NBC San Diego reports. The young man’s male friend , Jason Henza, 43, was reportedly… Read More

February 5, 2019 @ 10:09 am By JD Alois  |  

The Brexit claxon sounds loudly. A report released this week indicates a decline in both the number of deals and the total amount deals for the UK early stage equity market. Beauhurst has published their annual recap of total investment for 2018. The Deal quantifies the… Read More

February 5, 2019 @ 9:35 am By Erin Hobey  |  

INVAO, the blockchain asset pool for investors, has been selected as the exclusive international partner for blockchain investments by Dubai’s SEED Group, an association of diversified companies owned by The Private Office of Sheikh Saeed bin Ahmed Al Maktoum. “This [landmark partnership]represents a seal of… Read More