Global

December 27, 2018 @ 4:51 pm By Cali Haan  |  

Bitmain, the world’s largest manufacturer of cryptocurrency mining hardware and largest operator of crypto mining pools, and Huobi, the world’s third-largest cryptocurrency exchange, have both confirmed rumours they will be laying off employees, South China Morning Post (SCMP) reports. The value of global crypto markets has declined by… Read More

December 27, 2018 @ 6:26 am By Erin Hobey  |  

‘Tis the season for decking halls, lighting candles, spending time with family and friends, reflecting on 2018 and thinking ahead to 2019 and new trends in the global Fintech market. Crowdfund Insider reached out to the Fintech community members to look into their crystal balls… Read More

December 26, 2018 @ 1:07 pm By JD Alois  |  

Hong Kong-based Fintech Supercharger accelerator has partnered with the Asia Pacific University of Technology & Innovation (APU) located in Kuala Lumpur. Starting in the first quarter of 2019, prospective students may enroll for a Bachelor’s in Banking and Finance with a specialism in Fintech. Supercharger says… Read More

December 26, 2018 @ 10:30 am By Cali Haan  |  

A team of seven economist scholars has found that pump and dump schemes in cryptocurrency trading are ‘pervasive’: “The surge of interest in cryptocurrencies has been accompanied by a proliferation of fraud. This paper examines a pervasive tactic long known to financial markets: pump and… Read More

December 26, 2018 @ 9:19 am By Erin Hobey  |  

As 2018 winds down and we review the market’s ups and downs, it only makes sense to predict trends for 2019. This year Blockchain was in the news, daily making leaps and bounds in its advancement, and industry leaders predict that Blockchain’s momentum — and… Read More

December 26, 2018 @ 8:01 am By JD Alois  |  

EY has published their second annual “Fast Growth Tracker” report that surveys founders and entrepreneurs in the UK. The brief report provides an interesting perspective into the UK innovation economy that is vital to economic growth and prosperity. An interesting finding from the report is… Read More

December 26, 2018 @ 7:12 am By Cali Haan  |  

If all goes well with current tests, Russian telecom companies will soon be required to implement new content-censoring tech in order to surveil and intercept messages sent on prohibited anonymizing apps like Telegram, BBC Russia reports. The system, which has been being competitively tested by… Read More

December 26, 2018 @ 6:07 am By Cali Haan  |  

Over 340 British crypto companies have folded this year (up from 139 last year) says British news outlet Sky News. And thanks to bad timing, some inexperienced and over-leveraged crypto investors – members of the general public – have even lost their marriages and homes:… Read More

December 24, 2018 @ 10:18 am By Cali Haan  |  

The Central Bank of Israel is soliciting position papers from the general public regarding how the country should support and regulate domestic cryptocurrency/security token ventures and distributed ledger technology (DLT) for finance in the country. The bank has assembled a team (“The Interministerial Team for Regulatory… Read More

December 24, 2018 @ 9:58 am By Cali Haan  |  

Russian Deputy Finance Minister Alexei Moiseyev has told the local press his ministry is exploring the creation of a digital currency for the EAEU region – in part as a response to international sanctions, Rambler reports. Moiseyev says the currency may be expected in 2020… Read More

December 24, 2018 @ 7:52 am By JD Alois  |  

Digital payment platform and online lender PayPal (NASDAQ: PYPL)  has selected Temenos (SIX: TEMN) to provide digital banking services. The announcement by Temenos was buried in a brief release last Friday. Temenos stated: “PayPal, Inc. has selected Temenos T24 Core Banking. The Temenos T24 banking platform will run… Read More

December 23, 2018 @ 10:09 am By Max Lyadvinsky  |  

Equity crowdfunding platforms have democratized the way that individuals and organizations raise and invest capital, by lowering the previously high barrier to entry for investment. And, ever since these platforms emerged, expectations have been high about the effects that this new utilitarian form of investment… Read More

December 23, 2018 @ 9:55 am By Cali Haan  |  

Cybercrime police in the Indian city of Pune have arrested 10 individuals accused of defrauding 8000 investors in a Bitcoin-related Ponzi scheme called “GB21.” According to The Times of India, the leader of the scheme, Amit Bharadwaj, and his brother Vivek, ran a company called Gain Bitcoin,… Read More

December 23, 2018 @ 3:38 am By Erin Hobey  |  

During the new few weeks, readers will hopefully have some more time to not only catch up on their own reading but also time to explore some new books. Need some fintech, fiction, or non-fiction recommendations? Not sure how to explain crypto and blockchain in… Read More

December 22, 2018 @ 5:08 pm By Cali Haan  |  

Republican Senator for Texas Ted Cruz and Congressman Mike Gallagher, a Republican from Wisconsin, introduced a new bill into the American Senate and House Thursday, a bill designed to “impose maximum financial pressure on Iran. The “Blocking Iranian Illicit Finance Act” (H.R.7321) was also co-sponsored… Read More

December 22, 2018 @ 2:12 pm By Xu Gao  |  

Hong Kong Insurance Regulatory Authority Issues First Virtual Insurance License Under Fast Track On December 20th, Hong Kong Insurtech Bowtie announced that it has obtained the first virtual insurance company license issued by the Hong Kong Insurance Authority under Fast Track. Bowtie was founded by… Read More

December 21, 2018 @ 10:14 am By JD Alois  |  

Fintech startup Suretly has formed a joint venture (JV) with payments platform QPAGOS. A new entity will be formed called Suretly Mexico to develop Suretly’s “crowdvouching” solution for microloans in Mexico. Suretely explains crowdvouching as: The practice of financially securing a loan repayment by vouching monetary… Read More

December 21, 2018 @ 7:20 am By JD Alois  |  

Real estate crowdfunding platform Property Partner is reporting gains of up to 43% for investors in two properties. The company says the sale of the properties are the first assets to be sold by Property Partner since it launched as a property investment platform in January 2015. The first property, a one-bedroom… Read More

December 20, 2018 @ 6:20 pm By JD Alois  |  

Merry Christmas, Xinja. In January of 2018, Xinja became the first retail equity crowdfunding offer in Australia following an update to rules. Xinja, a digital challenger bank, went on to raise $2.4 million in a solid “proof of concept” offering that was part of larger… Read More

December 20, 2018 @ 3:05 pm By Samantha Hurst  |  

CoinNess, an Asian cryptocurrency and blockchain information provider, announced on Thursday it is launching a new global growth partner program, called the CNNS Partner Program. The company also reported it will invest $5 million in order to build an international crypto investors’ community, with all the funds going towards rewarding CNNS… Read More