Global

December 17, 2018 @ 10:03 pm By JD Alois  |  

Consob (Commissione Nazionale per le Società e la Borsa) the Italian agency that regulates the securities industry, has put a halt to two crypto-based offerings, according to postings on their site. Both companies have received a 90 day suspension on a “precautionary basis” and are banned… Read More

December 17, 2018 @ 4:39 pm By JD Alois  |  

As CI reported earlier today, the Swiss Federal Council published a report last week that advocated on behalf of greater integration of blockchain, or distributed ledger technology (DLT), into their financial services industry. The Federal Council is made up of seven members, each of which… Read More

December 17, 2018 @ 3:03 pm By JD Alois  |  

Robo.cash, a peer to peer lending company with a portfolio of platforms, says it has been joined by its first lending company in Southeast Asia Robocash Finance Corp. Investors may now fund Philippine short-term consumer loans in EUR with an annual return of up to… Read More

December 17, 2018 @ 2:50 pm By JD Alois  |  

Electric car concept Uniti is promoting their “Brexit proof” approach and green cred as the company’s most recent crowdfunding campaign continues on Crowdcube. Uniti recently touted its “bold strategic next step in sustainable electric vehicle production. The company is also expected to pursue “Mobility-As-A-Service” in… Read More

December 17, 2018 @ 12:44 pm By JD Alois  |  

Last week, the Swiss Federal Council announced a report on the legal framework for Blockchain and Distributed Ledger Technology (DLT) for the financial services industry. According to the Council, the Swiss legal framework “is well suited to deal with new technologies including blockchain.” Even while noting… Read More

December 17, 2018 @ 9:14 am By JD Alois  |  

Overstock (NASDAQ: OSTK) subsidiary tZERO has been asked by Hong Kong-based private equity firm GSR Capital to develop a smart contract commodity token for the sale of cobalt. GSR Capital is a significant investor in tZero having committed to invest up to $270 million at a… Read More

December 17, 2018 @ 8:07 am By JD Alois  |  

UK based Fintech Shieldpay has formed a partnership with Visa (NYSE: V) to provide card payments across peer to peer marketplaces and classified ad sites. Shieldpay said the partnership will open up the use of debit and credit cards to the £120 billion classified industry. Shieldpay reported… Read More

December 17, 2018 @ 7:26 am By JD Alois  |  

Investment crowdfunding platform Downing Crowd has listed its first security that is debt with an equity kicker for investors. The bond includes a 7.5% annual coupon and a term of up to 5 years and 9 months. According to Downing Crowd, the fixed return on the… Read More

December 16, 2018 @ 1:31 pm By JD Alois  |  

Nordic healthtech company Naava is looking to raise up to €2.5 million on Finland based Invesdor crowdfunding platform. The company recently said this funding is in advance of a planned initial public offering (IPO) that management intends on pursuing around 2020 or 2021. This is not… Read More

December 16, 2018 @ 9:36 am By JD Alois  |  

The concept of “Patient Capital” has been in discussion for quite some time in the United Kingdom. The premise is based on the theory that investors may be willing to forgo near-term returns for the possibility that substantial gains may be generated at a much… Read More

December 15, 2018 @ 8:01 am By Cali Haan  |  

The Government of Venezuela briefly sent pensioners’ money to their bank accounts on December 7th, but then immediately withdrew the funds and settled them in “petros” in digital wallets held elsewhere, Caracas Chronicles reports: “The elderly routinely receive a message everytime one of the government’s… Read More

December 14, 2018 @ 3:59 pm By Cali Haan  |  

An alleged cryptocurrency thief accused of stealing the life savings of a Silicon Valley father of two has been extradited from New York to face charges related to the theft there, the New York Post reports. In November, police arrested Nicholas Truglia, 21, in Manhattan and… Read More

December 14, 2018 @ 1:19 pm By JD Alois  |  

In a press release posted this week, Dooga Ltd., doing business as Cubits, announced it was seeking bankruptcy protection as the firm entered administration. The company said more information was available on their website which simply generated a 500 error. According to the company, Dooga… Read More

December 14, 2018 @ 12:56 pm By JD Alois  |  

Security token offering platform Neufund is in the midst of its inaugural security offering with the “equity token offering” (ETO) of its parent company Fifth Force Gmbh. CI reported earlier this week that the ETO had easily topped its soft target and now stands at… Read More

December 14, 2018 @ 12:19 pm By Cali Haan  |  

The Australian Cyber Security Centre (ACSC) in Australia and The National Cybersecurity and Communications Integration Center (NCCIC) in the United States have both issued warnings that emails are being sent out claiming bombs have been set in targets’ premises and will be detonated if a ransom of… Read More

December 14, 2018 @ 8:59 am By JD Alois  |  

Fintech Raisin has distributed an update on platform progress since the company launched five years ago. The creation of CEO Dr. Tamaz Georgadze, the Berlin-based firm has now helped their customers earn over €80 million in interest during a historically low-interest rate environment. PayPal, Index Ventures, Ribbit Capital… Read More

December 14, 2018 @ 7:49 am By Cali Haan  |  

A fool and his or her password are soon parted, says password manager app-provider Dashlane, and cryptocurrency users are the third worst fools in that regard. Dateline does an annual list of “Worst Password Offenders,” and on this year’s list, crypto-types are only outperformed in… Read More

December 14, 2018 @ 7:37 am By JD Alois  |  

London based Fintech TransferGo has closed on a Series B funding round in the amount of $17.5 million according to the company. The funding was led by Vostok Emerging Finance and Hard Yaka from Silicon Valley. Revo Capital, U-Start Club and Practica Capital also participated… Read More

December 13, 2018 @ 10:42 pm By JD Alois  |  

Crypto exchange IronX has added two more names to its board of advisors. The former CEO of Sirin Labs Tal Cohen and Dr. Paolo Tasca have signed up to help the firm. Sirin Labs raised a reported $158 million in an initial coin offering. The company… Read More

December 13, 2018 @ 11:10 am By Erin Hobey  |  

Gamers ready? Monax, a smart contract and blockchain technology platform, has launched a new blockchain-based game called Marmota Prime, in which players win donations in kind to charitable organizations, including The Salvation Army, Toys for Tots and Edinburgh’s Royal Hospital for Sick Children. Beginning today, new challenges… Read More